Fund Manager and Private Equity Manager Tax Rates Rise!

[Parsad]

Well, it's about time!  The U.S. will be taxing fund managers and private equity managers at the 35% tax rate, rather than the lower capital gains rate of 15% some of them were paying.  We've been paying the full 35% at MPIC from day one, and treated it as ordinary income.  No more loophole for some of these guys!  Cheers!

 

http://www.reuters.com/article/idUSN0923425920091209

[bargainman]

Well, it's about time!  The U.S. will be taxing fund managers and private equity managers at the 35% tax rate, rather than the lower capital gains rate of 15% some of them were paying.  We've been paying the full 35% at MPIC from day one, and treated it as ordinary income.  No more loophole for some of these guys!  Cheers!

 

http://www.reuters.com/article/idUSN0923425920091209

 

You're saying it like it's a done deal.  The bill hasn't passed the Senate yet, and apparently that's where this measure has failed to pass before...  From the link:  "The tax on fund managers' pay faces opposition from some Democrats in the Senate, which could stall that measure."

[Parsad]

Sorry Bargainman, you're right.  It's not a done deal.  Cheers!

[onyx1]

Well, it's about time!  The U.S. will be taxing fund managers and private equity managers at the 35% tax rate, rather than the lower capital gains rate of 15% some of them were paying.  We've been paying the full 35% at MPIC from day one, and treated it as ordinary income.  No more loophole for some of these guys!  Cheers!

 

http://www.reuters.com/article/idUSN0923425920091209

 

I'd like to see this loophole closed too, but by lowering the 35% to 15%.