- Those making over $400K must pay more
- Carried interest spared in federal legislation
- But NYC proposal targets buyout profits
Finally some bad news on the tax front for buyout professionals, although it could have been worse.Buyout professionals who earn more than $400,000 individually or $450,000 in taxable income when filing jointly with a spouse will have to pay higher taxes on ordinary income this year. They will pay a top tax rate on ordinary income ...