The sole reason the ‘carried interest’ loophole survives is fierce lobbying by the private equity industry
‘The carried interest loophole is unfair to everyone except the fabulously rich who benefit from it.’‘The carried interest loophole is unfair to everyone except the fabulously rich who benefit from it.’Last modified on Tue 14 Dec 2021 14.04 GMTnyone remember the “carried interest” loophole that lets hedge fund executives and private equity managers – among the wealthiest people in America – pay a tax rate no higher than most Americans? It’s a pure scam.
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