Tax Policy Center

private equity firms

: TaxVox
The Senate’s six-year highway bill inches forward, after dropping a Social Security provision. Majority Leader Mitch McConnell won 14 Democrats’ votes for the bill after he agreed to drop a $2.3 billion offset. The money would have come from barring people with felony warrants from getting Social
July 24, 2015Renu Zaretsky
Individual Taxes: TaxVox
If you are looking for a break from the dreary debate over the budget, our friends at Tax Analysts will be holding a roundtable discussion on Friday afternoon on the tax treatment of private equity firms. The issue has generated lots of interest since the First Circuit Court of Appeals ruled that a
September 24, 2013Howard Gleckman
Individual Taxes: TaxVox
For a decade, Congress has been debating how to tax managers of private equity firms. The argument is pretty familiar to tax wonks: Should these partners treat this compensation (commonly called carried interest) as capital gains, as they do today? Or should they be taxed at the higher ordinary
June 25, 2013Howard Gleckman
Individual Taxes: TaxVox
For years, the battle over carried interest has focused on how to tax the compensation of private equity managers. But a careful reading of the law suggests that all the business profits of these investment firms, not just the pay of their managers, are ordinary income, and should be taxed that way
February 4, 2013Steven M. Rosenthal
Individual Taxes: TaxVox
Normally, at the end of each year, investors sell stock (and other assets) to recognize losses to offset gains recognized earlier in the year. Sometimes they do it the other way around, harvesting gains that can be offset by earlier losses. But this year is different: many investors are recognizing
December 14, 2012Steven M. Rosenthal
Individual Taxes: TaxVox
The on-again, off-again battle over how to tax the compensation of private equity managers may be on again, thanks to the confluence of two seemingly unrelated events. The first is the controversy over the role of Bain Capital, the investment partnership whose founders included Republican
January 12, 2012Howard Gleckman