Dec 6, 2013
Inside Romney’s Tax Returns
Posted on Jan 25, 2012
By Lena Groeger, ProPublica
Yet James Stewart, a Pulitzer Prize winning reporter who writes a business column for the New York Times, doesn’t see it that way. Last year he wrote that carried interest is “indistinguishable from nearly all other forms of compensation that are treated like capital gains, such as stock options, deferred stock grants for corporate executives and many forms of incentive compensation, which is widespread across many industries. Like all capital investments, carried interest entails risk, since there’s no way of knowing what it will be worth until long after the labor is performed, often years later.”
In a political climate characterized in part by the Occupy movement and “99 Percent,” these concerns aren’t likely to disappear any time soon. In fact, as Politico notes, the Romney tax returns are fodder for the White House, which plans to tackle precisely this issue of economic fairness at [Tuesday night’s] State of the Union.
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