How to make a VC’s head explode, in one easy step:
Point out to her that her compensation from carried interest should
be taxed as ordinary income, not capital gains, since she’s receiving a
fee for service and it’s not her capital at risk.
Please note that the US and UK tax systems are subtly different on this point.
In
It’s bizzare this US affectation of refering to the third person as “her”, presumably a diversity thing. Barrons did it this morning as well, referring to a generic trader as “she” and a typical hedge fund managers as “her”. Not certain on VC’s, but I doubt if any of these categories are more than 10% female. If you can’t bear to say he or him, at least say they and them.
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