Thanks to what is popularly known as the "carried interest tax loophole," many investment fund managers pay a much lower federal tax rate than most other Americans. This article explains the justifications for it, and also examines why President Opama's proposed American Jobs Act eliminates this loophole, and how the politics driving this decision might play out.
- Summary by FizzLaw Team
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Obama’s Proposed American Jobs Act Contains Tax Increase on Private Fund Managers