Gerry Langeler on the Carried Interest Tax

http://www.futureofcapitalism.com/2010/05/gerry-langeler-on-the-carried-interest-tax

Gerry Langeler of OVP Venture Partners makes some good arguments against raising the tax on "carried interest" of fund managers. He's brave enough to put his name to them, and the New York Times is brave enough to print them (in DealBook, not the print newspaper). There are some cracks at hedge funds and Tea Parties, but overall it's a very strong piece. It concludes: "If Congress wants to propose taxing gains on home ownership as ordinary income, and/or taxing the gains on entrepreneurs' stock as ordinary income, have at it. But, assuming that is political suicide, let's get back to common sense and leave the historical, proper capital gains treatment of carried interest alone."

My Washington Examiner op-ed piece on taxation of carried interest is here, for those who missed it when it first came out.

by Editor  |  May 20, 2010 at 8:21 pm Related Topics:  Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list