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May

09

Trump’s Tough Talk on Hedge-Fund Taxes Doesn’t Match His Plan

By Tony Seruga

Partners would pay 15% rate under little-noticed proposal
Campaign pitched rate cut as help for small businesses

Donald Trump said “hedge fund guys are getting away withmurder” when he called for ending a lucrative tax advantage for investment managers, but his published tax plan would give them an even bigger break.

Trump, the presumptive Republican nominee for president, has called for abolishing the special tax treatment that applies to “carried interest,” the share of investment funds’ profits that are paid to fund managers. Currently, carried interest is treated as capital-gains income, which makes it eligible for a tax rate as low as 23.8 percent — much lower than the current top individual income tax rate of 39.6 percent…

Trump’s Tough Talk on Hedge-Fund Taxes Doesn’t Match His Plan

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