[StBernard] At 102%, His Tax Rate Takes the Cake

[Westley Annis]

Mr. Ross's address is:

150 E 52nd St # 2700
New York, NY 10022-6242

I would encourage anyone who believes this story to send him a check to help
him get by. I'm sure his family is going hungry.
Richard


------------------------------

At 102%, His Tax Rate Takes the Cake

By JAMES B. STEWART | New York Times ? Fri, Feb 3, 2012 11:32 AM EST

Meet Mr. 102%.

James Ross, 58, is a founder and managing member of Rossrock, a
Manhattan-based private investment firm that focuses on commercial real
estate and distressed commercial mortgages. ?I realize I am very fortunate,
and in fact I am a member of the 1 percent,? Mr. Ross wrote in an e-mail.
His r?sum? is studded with elite institutions: Yale, Columbia Law School and
stints at the law firms Cravath, Swaine & Moore in New York and Holland &
Hart in Denver. Since his company fits the category of private equity, he
even has carried interest, the kind of incentive compensation that enabled
Mitt Romney to pay such a low tax rate.