House Votes To Triple Taxes on Carried Interest
Pelosi and her Democrat friends in the House voted to change the tax structure on carried interest for the private equity business from capital gains to ordinary income, which would nearly triple the effective tax rate on the industry and cripple the whole concept of carried interest.
Not good for an industry that is already having major problems. But then again, Obama and Pelosi are not known for their business acumen.
Not good for an industry that is already having major problems. But then again, Obama and Pelosi are not known for their business acumen.
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