tag:blogger.com,1999:blog-3734884211497773577.post6652976644638324712..comments2024-03-22T09:27:35.860-07:00Comments on Bed buffaloes in your tax code: Wondering about your taxes after you graduate?Mary O'Keeffehttp://www.blogger.com/profile/14662977706706048151noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3734884211497773577.post-28587088577883606842009-09-15T18:31:45.508-07:002009-09-15T18:31:45.508-07:00As I also mentioned in class today, hedge funds ge...As I also mentioned in class today, hedge funds generally pay their employees most in the form of a special type of capital gains income referred to as "carried interest." This practice is controversial. The argument for this form of compensation is that it gives employees better incentives by aligning their interests with the clients'. But the favorable tax treatment of such income raises very problematic equity concerns. <br /><br />You can more about that here:<br />http://www.centeronbudget.org/cms/index.cfm?fa=view&id=562Mary O'Keeffehttps://www.blogger.com/profile/14662977706706048151noreply@blogger.comtag:blogger.com,1999:blog-3734884211497773577.post-86768861756020797922009-09-15T18:16:32.752-07:002009-09-15T18:16:32.752-07:00Also, note that the payroll tax bill includes both...Also, note that the payroll tax bill includes both the employee and employer share of FICA. As we'll see when we get to tax incidence, most economists believe that the employee actually bear the economic impact of both halves of the FICA tax.Mary O'Keeffehttps://www.blogger.com/profile/14662977706706048151noreply@blogger.comtag:blogger.com,1999:blog-3734884211497773577.post-20769212686288596522009-09-15T18:15:00.579-07:002009-09-15T18:15:00.579-07:00Note: The NBER TaxSim simulator is good for a rou...Note: The NBER TaxSim simulator is good for a rough estimate of your taxes, assuming your situation isn't too complicated or unusual. It's not something you should rely for preparing your return, but it is a quick and dirty estimate that can be helpful to many people who want to get a handle on their likely tax bill for budgeting purposes.Mary O'Keeffehttps://www.blogger.com/profile/14662977706706048151noreply@blogger.com