How does a Biden presidency affect our industry?
Specific industries, PE as an asset class, etc. ....................................................
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More specifically, if the Democrats manage to get a majority in the senate.
Hot take but they need to tax carry as ordinary income.
Nah...
The singular reason one would say carry should not be taxed as income is that that person is currently getting the carry / expects to be getting it in the future. Simply common sense that it should be treated as income.
no, they certainly do NOT... wtf??
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