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Gains instead flowed primarily to higher income households and, more particularly, to those at the very top of the distribution.
And that is without counting the pay of hedge-fund managers, whose earnings are classified as investment gains instead of income, Ms. Rosen said.
Consider how Mitt Romney qualifies for a lower tax rate than most middle-class taxpayers because much of his income comes from capital gains instead of wages.
Accountability will no longer mean compliance and reporting and spurious efficiency gains; instead it will be transparently focused on improved effectiveness with lower costs as a result.
Mr. Fleischer was all over it, writing on his blog that "the Bain partners, in my opinion, misreported their income if they reported those converted fees as capital gains instead of ordinary income".
Asset management reported its first pretax profit since the last quarter of 2007, mainly from gains instead of losses from its real estate-heavy investment portfolio and a decision to sell its retail money management business.
Similar(37)
When I gave up on losing and switched my goal to maintaining that weight, I started gaining instead.
Society's interests are disproportionately placed in favor of immediate monetary gain instead of the welfare of the people.
He was nearly stopped for no gain, but Coles put a move on two tacklers and broke out to produce a 4-yard gain instead of a loss.
Hackers are no longer targeting corporate networks for gain, instead going after sensitive data hiding in plain sight within personal information and correspondence.
A measure of business investment plans increased 1.2 percent, and the government revised the March figure to show a 0.9 percent gain, instead of a slight decrease.
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CEO of Professional Science Editing for Scientists @ prosciediting.com