carried interest loophole

Neal’s Reconciliation Plan Lets Investment Managers Keep Their Tax Loophole


In 2007, House Ways and Means Committee Chairman Rep. Richard Neal (D-Mass.) was an original cosponsor of a bill that would have closed a tax loophole that lets investment fund managers pay the lower capital gains tax rates on the income they earn from the fees they charge their clients. The capital gains tax rates […]

From Sludge
On September 14, 2021