Fund Manager Tax Hike Lowered –

It is expected that the Senate will lower the House tax increase on fund managers.  The increase will still be substantial with assets held longer than seven years being taxed at 33% and shorter than that taxed at 31%.  Carried interest has been a heated debate and the current tax rate for assets held over one year is only 15%.

To read a related Bloomberg article, please click here:

Jim Sutliff

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