Carried-Interest Tax Increase Measure Introduced by Levin
This article is for subscribers only.
Representative Sander Levin outlined a new proposal in his five-year effort to increase the tax rate that private equity managers and other investment executives pay on their so-called carried interest earnings.
The bill by the Michigan Democrat is similar to a proposal in President Barack Obama’s fiscal 2013 budget released yesterday. The administration estimates the change would generate $13.5 billion in additional taxes over the next decade.