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Carried Interest Tax Challenges Emerging in H.R. 4213 Provisions

If enacted, H.R. 4213 (The American Jobs and Closing Tax Loopholes Act of 2010), will likely cause managers in private equity, venture capital, real estate, and hedge funds to be in a significantly deteriorated tax posture as compared to the status quo. Although H.R. 4213 is a compromise in some respects...

You Can't Get There From Here

The Economic View in Sunday's New York Times by Harvard economics professor N. Gregory Mankiw ( Capital Gains, Ordinary Income and Shades of Gray ) defending special tax rates for carried interest brought to mind the old joke about a tourist asking a Maine farmer for directions to Augusta... The...