Buffett gets no advantage if private equity honchos pay ordinary income taxes on carried interest

Reader comment on: Warren Buffett on Carried Interest

Submitted by bob lenzner (United States), Mar 10, 2010 17:09

you missed the pt. he doesnt buy companies, leverage them up, and sell them 3 years later. hes saying the profit they make, carried interest, is really a fee of 20% which is ORDINARY INCOME. Making the top guys at Blackstone pay ordinary income taxes will not give Berkshire any advantage because they buy 100% of companies and hold them forever.

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