Here’s How Trump Could Try to Kill Carried-Interest Tax Break
- President-elect railed against loophole during campaign
- House Republican tax plan doesn’t mention carried interest
Surprise! Trump May Be Great for Business
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President-elect Donald Trump railed against his main political opponent for allowing a tax break that lets some investment managers pay lower tax rates than average workers. After he takes office, he may have no one to blame but himself.
Some tax law experts say Trump could unilaterally end the so-called “carried interest” loophole, which enables fund managers to pay a tax rate as low as 20 percent -- roughly half the top rate for ordinary income.