Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Geithner Says Carried Interest Tax Rate May Need Raise

U.S. Treasury Secretary Timothy F. Geithner said he thinks the tax rate on carried interest might need to be raised.

“If you look at any tax reform proposal out there that has any patina of bipartisan support, they believe we have to rethink how we treat investment income and carried interest,” Geithner said at a conference in New York today.

Under current law, a manager’s profits from a private-equity fund, known as carried interest, are considered capital gains and therefore taxed at 15 percent.

“Obviously, carried interest doesn’t raise that much revenue,” Geithner said. “If you’re not going to do that, whose taxes are you going to raise?”

Geithner was speaking at the CNBC Institutional Investor Delivering Alpha Conference.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.