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: SECLaw.com

Obama's Hedge Fund Tax

By Mark H. Astarita, Esq.

I am certainly no tax maven, but do represent hedge fund managers. According to Bloomberg News "[t]he budget proposes to require general partners at private-equity firms and other investment partnerships such as venture-capital firms and hedge funds to pay ordinary income-tax rates on their compensatory share of profits called ?carried interest,? which currently qualifies for the 15 percent capital-gains treatment. That proposal, which would exempt real- estate partnerships, would raise $24 billion. More>>>

Full post as published by SECLaw.com on February 02, 2010 (boomark / email).

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