The difference between American and London undies

40% of trading on the London Exchange Market relates to “contracts for difference.” These contracts are the hedge funds’ “derivatives that allow investors to bet on a change in stock price (avoiding stamp duty) without owning the underlying shares”–Ethical Corporations

Paul Frank: Julius & Friends
The Julius Visits London Days O’ The Week Undies
Underwear for Women

America, phew! just ask Chuck Schumer he’s diverting you away from the lack of tax on the profits of his beloved hedge fund and private equity supporters (more money given by them to his funds than to all the republicans). Yes they’ll take some “carrying interest” taxation on profits but only after five to ten years after they’ve revealed some hedgie. For good behavior of course. Gosh, this man is so into taxing carrying interest as income that wow before long he’ll have America eating it for breakfast. He wants to be sure everyone eats carrying interest, especially those who already pay taxes on their profits, i.e. oil-and-gas, venture-capital and real-estate partnerships. Yep no sheers in these undies.

Paul Frank: Julius & Friends
The Days O’ The Week Undies
Underwear for Women

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s