Finally, he said Congress should close the so - called carried interest loophole which for example, allows profits interest proceeds for managers of private equity funds to be taxed at a lower rate like capital gains rather than as earned income. (nystateofpolitics.com)
Patriotic Millionaires Letter to Cuomo Calling for Closure of Carried Interest Loophole in the Budget % 5bJa... by Nick Reisman on Scribd (nystateofpolitics.com)
Sumberg went on to slam the former hedge fund manager for what he has dubbed the «Wilson Tax,» which is the «carried interest loophole for hedge fund and private equity managers who don't pay the same rate on their earnings as everyone else in New York.» (nystateofpolitics.com)