Capital Gains Tax Notches Up For Partners; NYC Proposes PE Tax

  • 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 ...

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