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Carried Interest

Trump More Progressive Than Democrats on Warren Buffett Problem

Chris Weigant | Posted 08.31.2015 | Entertainment
Chris Weigant

Democrats are doing one of two things, and neither one of them is very impressive. Democratic candidates are either so scared of being called a tax-raiser by Republicans that they do not support changing the problem at all, or they are secretly for changing it but don't want to say it.

The Reality of Taxing Carried Interest

Douglas Holtz-Eakin | Posted 06.15.2015 | Business
Douglas Holtz-Eakin

Candidate Clinton and other advocates will claim taxing carried interest improves the economy. Unfortunately, it won't. A key principle of taxation is efficiency. Taxing capital differently across sectors and business forms means that taxes are driving business decisions.

IL Governor Rauner's Pal Made $625,000 Per Hour Last Year and Then Gave $10 Million to Rauner Campaign to Attack Unions and Cut Worker Pay

Robert Creamer | Posted 05.07.2015 | Politics
Robert Creamer

The New York Times reported yesterday that Illinois Governor Bruce Rauner's chief political backer, Ken Griffin, made $1.3 billion last year as manager of the hedge fund Citadel Capital. Griffin made as much personally as 26,000 average Americans making the median wage.

IRS Should Crack Down on Private Equity's Abusive Tax Alchemy

Eileen Appelbaum | Posted 06.15.2015 | Business
Eileen Appelbaum

Wealthy fund managers employ an army of tax advisors to make sure they do not miss any opportunity to get a tax break. As Warren Buffett pointed out, the mega rich already pay a lower tax rate on their incomes than the average worker.

Could Repealing "Corruption Taxes" Be the Democrats' Secret Weapon?

Al Lewis | Posted 03.07.2015 | Politics
Al Lewis

These giveaways could be called "corruption taxes." The definition of a "corruption tax" is a transfer of wealth to the very rich that no honest congressperson would support if campaigns were publicly financed.

Government = Protection Racket for the 1 Percent

Bill Moyers | Posted 06.22.2014 | Politics
Bill Moyers

And at state and local levels, while the poorest fifth of Americans pay an average tax rate of over 11 percent, the richest one percent of the country pay -- are you ready for this? -- half that rate.

'Shut Up!' -- Really GOP?

Leo W. Gerard | Posted 05.10.2014 | Politics
Leo W. Gerard

The result of the Republican budget would be opportunity only for those who already have money. So, of course, the GOP had to try to kill a budget conceived under the proposition of opportunity for everyone.

9 Kingpins Made $2.6 Billion Last Year And Got Subsidized By Taxpayers

The Huffington Post | Mark Gongloff | Posted 03.04.2014 | Business

Private-equity kingpins made billions last year subsidized by you, the taxpayer. The nine highest-paid private-equity executives in the U.S. haule...

Make the 1 Percent Pay for the Iran War

Robert Naiman | Posted 03.05.2014 | Politics
Robert Naiman

Now we know that it's actually not so hard to get Washington to do the right thing if the choices are framed correctly. Having learned this lesson, let us apply it to the question of future wars, and to the proposed Iran war in particular.

How Likely Is Carried Interest Reform?

Jeremy Scott | Posted 08.11.2013 | Politics
Jeremy Scott

Carried interest reform will almost certainly be part of any major tax reform bill offered by Camp or Baucus. But it's also possible that even if tax reform efforts fail or stall, carried interest legislation could find its way into an extenders package or as a pay-for for deficit reduction or an extension of the debt limit.

Loophole Mythology Versus Kickback Reality

Howard Steven Friedman | Posted 07.13.2013 | Politics
Howard Steven Friedman

Loopholes are generally not accidental oversights by legislators. No, they are usually more accurately called "kickbacks," tossing money and/or power back to those who were so kind to provide major campaign support.

America's New Math: 1 Wall Street Hour = 21 Years of Hard Work For the Rest of Us

Les Leopold | Posted 06.22.2013 | Business
Les Leopold

The new Rich List is out -- yet another example of financial pornography. While nearly 15 million Americans still can't find jobs due to the Wall Street-created crash, the top hedge manager, David Tepper, earned $1,057,692 an HOUR in 2012.

Ben Hallman

Obama Sets Sights On Lucrative Tax Break Used By Romney

HuffingtonPost.com | Ben Hallman | Posted 02.05.2013 | Business

For chief executive Stephen Schwarzman, running the private equity firm Blackstone Group has proven enormously lucrative, bringing him nearly $140 mil...

Obama 2.0: Yes We Can Raise Taxes

Sarah Anderson | Posted 03.24.2013 | Politics
Sarah Anderson

How can we continue to allow gazillionaires to pay only a 15 percent tax rate on the profit share ("carried interest") they get paid to manage hedge and private equity funds?

Zach Carter

Obama's Opening Gambit On The Fiscal Cliff -- Time To Freak Out?

HuffingtonPost.com | Zach Carter | Posted 11.30.2012 | Politics

No. But there are several interesting elements, particularly among the combined $1.6 trillion in new tax revenue. Obama has spent most of the past ...

Matt Sledge

Paul Ryan's 2010 Plan Would Tax Bus Driver More Than Mitt Romney

HuffingtonPost.com | Matt Sledge | Posted 10.03.2012 | Politics

NEW YORK -- It was Oct. 26, 2011, eons ago in political time. Newt Gingrich was beginning his climb in the polls. With Republicans divided, nobody was...

Zach Carter

Romney Tax Return Shows Big Bain Loophole

HuffingtonPost.com | Zach Carter | Posted 09.26.2012 | Politics

WASHINGTON -- Mitt Romney saved about $$850,000 on his 2011 taxes, thanks to the Republican presidential candidate's controversial retirement package ...

The 47 Percent Includes About 3,000 Millionaires

Mark Gongloff | Posted 11.18.2012 | Business
Mark Gongloff

In that crowd of wealthy donors at Marc Leder's Boca Raton sex palace listening to Mitt Romney blast Americans who don't pay income taxes, there were probably a few people who didn't pay income taxes.

Romney's Tax Dodges: Bad For America

Mark Gongloff | Posted 11.04.2012 | Business
Mark Gongloff

It's already pretty easy to be mad at the super-low tax rates paid by private-equity executives. But here's another reason, maybe, to shake our fists at them: They hate America.

WATCH: Fighting Disclosure, Killing Democracy

Bill Moyers | Posted 09.18.2012 | Politics
Bill Moyers

Politicians required to play by the rules, to openly confess that their loyalty has been purchased and forced to identify the highest bidders, could not possibly survive. So they must bend the rules to conceal their transactions. In doing in democracy, their safety is in secrecy, and we must be kept in the dark.

Matt Sledge

Can Tech Push Obama Over The Top In Colorado?

HuffingtonPost.com | Matt Sledge | Posted 06.21.2012 | Politics

Once better known for its hard-hatted miners and conservative brewing moguls, Colorado's economy has in recent years acquired some new mascots: the li...

A More Honest Assessment of Private Equity

Leo Hindery, Jr. | Posted 08.08.2012 | Business
Leo Hindery, Jr.

A generation ago, leaders in business, government and labor all understood that national prosperity depends on a vibrant middle class growing from the bottom up. Corporate responsibility should flow equally to investors and workers.

Romney To Pay More In Taxes?

The Huffington Post | Mark Gongloff | Posted 05.25.2012 | Business

Uncle Sam seems to be gearing up to take more tax dollars from Mitt Romney and his brothers in the private-equity fraternity. The Internal Revenue ...

Was Romney Truly a Massachusetts Resident When He Voted For Scott Brown?

Paul Abrams | Posted 04.20.2012 | Politics
Paul Abrams

To release his 2010 and 2009 returns would raise the real possibility that he committed voter fraud. And, we all know how deeply concerned Republicans are about voter fraud, don't we?

Dan Froomkin

Dems Target Romney's Tax Loophole

HuffingtonPost.com | Dan Froomkin | Posted 04.09.2012 | Politics

WASHINGTON -- A tax dodge that millionaire hedge fund managers use to slash their income taxes could soon become a major election issue, as congressio...