This is from the Jan. 28 Wall Street Journal: "Hedge-fund manager John Paulson personally netted more than $5 billion in profits in 2010 -- likely the largest one-year haul in investing history, trumping the nearly $4 billion he made with his 'short' bets against subprime mortgages in 2007.
"Mr. Paulson's take, described by investors and people close to investment firm Paulson & Co., shows how profits continue to pile up for elite hedge-fund managers."
And how nice that we continued to tax that $5 billion in income at 16 percent. Thank you, Congress.
Joseph M. Fox Hilton Head Island
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