Sen. Kyrsten Sinema agreed to the Inflation Reduction Act but cut the carried interest tax provision — here's what that means for wealthy investors
added a caveat to the loophole through a three-year holding period, which means that private equity funds have to hold on to their portfolio companies for at least three years before cashing out.
Still, the carried interest tax provision is a relatively small part of the Inflation Reduction Act. Lawmakers estimated the provision would generate about $14 billion over the next 10 years, compared to the total $790 billion they said would be produced as a result of the bill.y that the bill still involves a new hard minimum on the taxes that America's largest corporations have to pay.
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