
- UID
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- 2011-7-2
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- 2014-6-29
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The Tax Revenue impact will be a small percentage in terms of the overall bill....something like $14B of the $400B+.
In terms of the impact in the PE world, the GP of the PE funds would lose the tax benefit of carried interest currently being taxed @ cap gain rates vs. the proposed ordinary rates (30%+)...so basically the MDs of PE Shops will be paying 15%+ more in taxes on carry than they normally would.
I don't see managers adjusting strategies to compensate for this. |
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