The Collateral Effect Of Carried Interest Tax ...

Law360, New York (November 18, 2011, 6:42 PM EST) -- The most recent proposal to alter the tax treatment of carried interests came on Sept. 12, 2011, when President Obama submitted to Congress the American Jobs Act of 2011 (the "Act").

Like the proposal submitted as part of the American Jobs and Closing Tax Loopholes Act of 2010 (the "Jobs Act")[1], the Act would characterize the income attributable to an investment manager's carried interest as ordinary income, subjecting such income to marginal tax rates and self-employment taxes.[2] Unlike the Jobs Act proposal, however, which taxed only...
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