Wilbur Ross on Carried-Interest and Death Taxes

The video discusses Donald Trump's tax proposals, focusing on raising taxes on carried interest while cutting taxes for LLCs and partnerships. It highlights the potential impact on successful individuals in finance and the implications for wealth transfer. The speaker critiques the death tax, arguing it unfairly penalizes family-owned businesses and could lead to their liquidation, despite not generating significant revenue. The discussion contrasts Trump's policies with those of Hillary Clinton, emphasizing the punitive nature of the death tax on post-tax earnings.

What is Donald Trump's proposed change regarding carried interest?

• Eliminate taxes on carried interest

• Reduce the tax rate on carried interest

• Increase the tax rate on carried interest

• Maintain the current tax rate on carried interest

How does Trump plan to adjust taxes for LLCs and partnerships?

• Increase taxes for LLCs and partnerships

• Cut taxes for LLCs and partnerships

• Maintain the current tax rate for LLCs and partnerships

• Eliminate taxes for LLCs and partnerships

What assurance did Trump give regarding the tax treatment of carried interest?

• It will be taxed at a 33% marginal rate

• It will remain at 15%

• It will be exempt from taxes

• It will be treated as capital gains

What is the speaker's opinion on the death tax?

• It is a populist, anti-wealth concept

• It benefits family-owned businesses

• It generates significant revenue

• It is a necessary measure

What impact does the speaker believe the death tax will have on family-owned businesses?

• It will reduce their tax burden

• It will have no impact

• It will help them grow

• It will force their liquidation