Higher Taxes on Carried Interest Would Be Borne By Investment Fund Managers: Pension Funds, Minority-Owned Businesses, and Low-Income Housing Development Would Be Largely Or Entirely Unaffected
Publication Date: September 2007
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Aviva Aron-Dine
Research Area: Banking and finance
Keywords: Economic projections; Tax code; Corporate finance
Type: Report
Abstract:
Most tax policy experts agree that the tax treatment of carried interest should depend on whether it is more appropriately classified as capital gains income or as compensation for services performed. Assuming that carried interest is compensating fund managers for the services they provide, it should be taxed at the same rates that apply to other forms of labor compensation.Â
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