[Street] [Occupybostonoutreach] TAX DAY RALLY 4/17, 5:30 pm, Dewey Sq.
angela giudice
amgnsm at verizon.net
Fri Mar 16 17:14:45 EDT 2012
Hi, who/what is the 99% Spring Coalition? Thanks so much, and peace, Angela
--- On Fri, 3/16/12, Aria Littlhous <aria at littlhous.net> wrote:
From: Aria Littlhous <aria at littlhous.net>
Subject: [Occupybostonoutreach] TAX DAY RALLY 4/17, 5:30 pm, Dewey Sq.
To: community_forum at lists.occupyboston.org, "Ideas at lists.occupyboston.org" <ideas at lists.occupyboston.org>, "outreach" <occupybostonoutreach at lists.occupyboston.org>, street at lists.occupyboston.org
Date: Friday, March 16, 2012, 3:10 PM
Hello All,
I just got the word from Right to the City and the other members of
the 99% Spring Coalition; the Tax Day Rally will be at Dewey Sq. I
don't have an end time, flyer, or other details yet.
The Radical Organizing Conference on tomorrow, and the Peace Parade on
Sunday are really great places to recruit people for a rally that is
mission central: the tax code is how "they" do "it". This is one of
the major ways the 1% institutionalize economic inequality. Here's a
sound bite for the B side of a flyer:
Hedge Hogs Must Pay!
Here’s the lowdown one of the most costly and pernicious giveaways in
the tax code. Eliminating this giveaway to billionaires should be at
the top of anyone who is serious about deficit reduction’s list.
WHAT: The “carried interest” or hedge fund loophole
WHO BENEFITS: The managers of financial partnerships, such as hedge
funds, private equity funds, venture capital funds, and real estate
funds
HOW IT WORKS: Nicholas Kristof of the New York Times, in a must-read
column, explains:
These fund managers are compensated mostly with a performance bonus of
20 percent or more of the profits they make. Under this carried
interest loophole, that 20 percent is eligible to be taxed at the
long-term capital gains rate (if the fund’s underlying assets are held
long enough) of just 15 percent rather than the regular personal
income rate of 35 percent.
This tax loophole is also intellectually vacuous. The performance fee
is a return on the manager’s labor, not his or her capital, so there’s
no reason to give it preferential capital gains treatment.
http://thinkprogress.org/progress-report/the-hedge-fund-handout/?mobile=nc
I will forward a flyer as soon as I can; thanks for your help.
A.
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