No, tinyurl is not associated with the NY Times - it's an independent website that allows you to take long url's and shorten them. That particular one is to the IRS website:
This is similar to the debate facing hedge fund managers. They claim because the underlying business is investing, their percentage of the gains (typical 20%) is really investment income ratehr than earned income and should be taxedas such. That lowers taxes by half.
That's not the general case, and it doesn't lower taxes by anywhere near that much (it's short-term gains, taxed like earned income except for Medicare).
It's actually the investment fund managers (venture capital) who try that trick, claiming their cut is long-term capital gains.
Seth
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