Reader comment on: Gramm on Carried Interest
Submitted by Lyle (United States), Apr 7, 2013 18:16
Was the share of the fund purchased with after tax funds? Or was it purchased with before tax funds? If after tax funds, then treat it like everyone else. If you got the share tax free, treat it like a 401k or IRA where (except for company stock in a 401k) all withdrawals are taxed as regular income. BTW I would also repeal the excemption from the regular item on all deferred income, so that any gains on company stock in 401ks or in other deferred income plans are taxed as regular income.
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