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Blackstone, Venture Firms Protest Tax Break for Family FarmersQuicklink Submitted By Sheila Samples No comments
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| The legislation for the first time would make general partners in investment partnerships pay ordinary tax rates as high as 39.6 percent on three-quarters of their profit shares charged as incentive fees, known as carried interest. Currently, as much as 100 percent of that carried interest can qualify for lower capital-gains tax rates of 15 percent. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.
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