Of carried interest and capital gains

January 28th, 2012 | by Andrew Ó Baoill |

Wondering how Mitt Romney manages to pay under 14% of his income in tax? Confused by all this talk of ‘carried interest’? Eileen Appelbaum lays it all out very clearly in this piece, carried by US News, which also lays out the case for why this income should not qualify for the reduced rates charged on investment income:

Why Carried Interest Should Not Be Taxed at the Capital Gains Rate – Economic Intelligence (usnews.com).

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