The Coffman Chronicle

The Coffman Chronicle

The Great American Tax Scam: How Wall Street Pays Less Tax Than You Do

The Carried Interest Loophole Explained — And Why It’s Robbing You Blind

Tony Michaels's avatar
Tony Michaels
Jan 11, 2025
∙ Paid

Imagine working your tail off, paying taxes on every paycheck, and barely getting by. Meanwhile, the wealthiest people in America — private equity and hedge fund managers — pay less tax on their millions than you do on your modest salary. Sounds like a conspiracy theory, right? It’s not. It’s called the “carried interest loophole,” and it’s one of the b…

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