From this mornings' DealBook;
"Profits earned from funds owned by real estate investors and managers of private equity and venture capital firms are taxed as capital gains at about 20 percent, instead of as regular income, which is taxed at more than double that rate when state levies and other taxes are taken into account."
"Private equity executives are also worried that the Biden administration may limit the tax deductibility of corporate interest payments, which would be another hit to their business model."
I wanted to get your thoughts on this, any thoughts at all.
Will this affect your decision to stay in IB and not go to PE? Transition from from PE and take another career path?
How do you think Sleepy Joe's tax plan will pan out?
Sad! #freecarry
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