Tag Archives: Carried Interest

Gov. Cuomo’s proposed budget takes first steps towards closing egregious loophole.

For the first time ever, closing the carried interest loophole has been added to a state budget. Governor Cuomo of New York revealed this egregious aspect of the tax code is on the chopping block in his Tuesday, January 16 address. The carried interest loophole is “a federal tax that allows some hedge fund managers to pay a lower tax rate on revenue from investments,” … Continue reading Gov. Cuomo’s proposed budget takes first steps towards closing egregious loophole. »