News Flash: Tax Hikes Don't Equal More Revenue

As Bloomberg reports:

Knoll's study may be the first comprehensive, nonpartisan mathematical analysis of the fiscal effects of increasing taxes on so-called carried interest. It signals an uphill battle for lawmakers trying to raise the money needed to pay for eliminating the alternative minimum tax for about 23 million mostly middle-income households.

In addition to the alter behavior argument (which is really just another example of liberals counting money that isn’t really there) -- it seems Wall Street is always leap years ahead of the federal government when it comes to tax issues ...