Today in Carried Interest: Some People Still Care
The carried interest taxation debate is fast becoming as irrelevant as "The Decision." Only a few die-hards still believe that persuasive arguments could revive meaningful legislation, while the rest of us despair at Democratic spinelessness and Republican obstruction. But God bless 'em for trying. Today, the Kauffman Foundation's Paul Kedrosky and Harold Bradley penned a Bloomberg Op-Ed, arguing that the IRS should treat carried interest as ordinary income. Not as some sort of ordinary income/capital gains hybrid, but as the same tax that the rest of us pay (or at least those of us without active lobbies in DC). They included the following rebuttal to those who claim carried interest is comparable to homeowner equity:
9 July 2010•2 mins read
