" Trump vowed to reform the tax laws if elected and said the current system was harming middle class Americans who currently faced higher tax rates than traders on Wall Street."
"The hedge fund guys didn't build this country. These are guys that shift paper around and they get lucky," Trump said. They are energetic. They are very smart. But a lot of them - they are paper-pushers. They make a fortune. They pay no tax. It's ridiculous, ok?"
"Trump's comments were referring to the so-called "carried interest loophole" - a provision in the tax code which allows private equity and hedge fund managers pay taxes at the capital gains rate instead of the ordinary income rate. Many fund managers are in the top income bracket, but the capital gains tax bracket is only 20 percent."
Elliot Wave: The news breaks with the cycle. What was verboten just four years ago vis-a-vis Occupy Wall Street is now top priority
Donald Trump and Deez Nuts, neck and neck
