By Kim Dixon – A big tax break that benefits U.S. private equity and venture capital executives is under threat again, and this time the chances of preserving it may have dimmed.
The tax break allows these financiers – many of whom are among the wealthiest people in the country – to treat such income as capital gains, making it subject to a tax rate of only 20 percent, instead of the nearly 40 percent top rate on ordinary income paid by the highest earners. more> http://tinyurl.com/ap86rfg
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- Carried Interest: What Is it? An Explainer, Maureen Mackey, The Fiscal Times
