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June 17, 2007

From Marc Andreessen

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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.

June 17, 2007 in Taxes | Permalink

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Comments

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.

Posted by: MARK T | Jun 18, 2007 10:22:51 AM