Blackstone, Venture Firms Protest Tax Break for Family FarmersQuicklink submitted by Sheila Samples Permalink
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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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