Econ Comments & Analysis
WSJ | The Hidden Tax Behind Wall Street Reform
As it has in years past, Congress is now considering changing the tax rules regarding "carried interest," a kind of investment earnings often taxed at a rate lower than that of ordinary income. This matter will doubtless be resolved politically, as there is no clear right or wrong answer economically. To paraphrase Churchill, messy fighting among lobbyists, lawyers and demagogues is the worst way to settle such things, except for all the other ways.
Blogs
WSJ | Number of Entrepreneurs in Russia Falls After Tax Rise
The number of entrepreneurs in Russia has fallen 7% in the past three months after obligatory insurance contributions were doubled, the economy ministry said Monday.
