After reading this
Krugman articleI had to go check this out.
Basically this Hedgefund loophole that taxes most of the fund managers income at capital gains amounts (15%) and not at income tax rate (35.9%) will only benefit 25 people.
Not a typo TWENTY FIVE INDIVIDUALS.
Two BILLION dollars
$2,000,000,000The entire memorandum is here
http://www.epi.org/content.cfm/pm120 July 24, 2007 | EPI Policy Memorandum #120
Tax breaks for billionaires
Loophole for hedge fund managers costs billions in tax revenue
This policy memo focuses on the privileged tax treatment given to hedge fund managers that results in a conservative estimate of over $6 billion in forgone tax revenue.
A simple calculation shows that this preferential tax treatment for the top 25 individuals alone costs the Treasury almost $2 billion.4 It serves to suggest that our estimates of tax losses are indeed conservative, as the losses from these 25 managers alone amounts to almost a third of our total. 
