Laundry Room Chronicles: Talking Carried Interest Taxation

My weekly video spot for Reuters, this time discussing yesterday’s passage of a House of Reps bill that would change the treatment of carried interest for private partnerships. Specifically, VC and PE firms would be required to pay ordinary income on their cut of fund profits (save for profits on monies committed by individual partners), which is about twice what they currently pay under a capital gains structure.

I do plan to write much more about this issue in the coming days, and address the numerous issues being raised by defenders of current policy. Per usual, I’m filming just a few paces from the home office: