That is, the developed economies of the world will be in a prolonged recession, and the new rising markets of the BRIC countries, plus SE Asia, Africa and South America are where the major growth opportunities of the next decade will come from.

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Consider my investment in a piece of equipment that generates X revenue and Y profit that gets taxed at 28% plus my schedule SE rate of about 15%.

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Conversely, partnership tax returns are a better choice for investment funds focused on carried-interest tax breaks using special allocations, plus there is generally no underlying income subjected to SE tax anyway.

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