[jgalt212]

The carried interest tax loophole is not about taxing investment gains at a lower rate, it's about letting PE/HF/VC types turned earnings realized from money management services into fake long term capital gains.

Furthermore, HF managers pay less taxes on their earnings than their investors do b/c HF investment gains are short term capital gains but the fees collected for managing such short term gains get taxed at the lower long term rate.

There is no fairness, or logic in that scenario.