The Tax Loophole That Won’t Die
- Forfatter
- Afsnit
- 1469
- Udgivet
- 15. aug. 2022
- Forlag
- 0 Anmeldelser
- 0
- Afsnit
- 1469 of 1999
- Længde
- 27M
- Sprog
- Engelsk
- Format
- Kategori
- Fakta
Carried interest is a loophole in the United States tax code that has stood out for its egregious unfairness and stunning longevity.
Typically, the richest of the rich pay 40 percent tax on their income. The very narrow, select group that benefits from carried interest pays only 20 percent.
Earlier versions of the Inflation Reduction Act targeted carried interest. But the loophole has survived. Senator Kyrsten Sinema, Democrat of Arizona, demanded her party get rid of efforts to eliminate it in exchange for her support.
How has the carried interest loophole lasted so long despite its obvious unfairness?
Guest: Andrew Ross Sorkin, a columnist for The New York Times and the founder and editor-at-large of DealBook.
Background reading:
What is the carried interest loophole • and why hasn’t it been closed by now? • Ms. Sinema’s puzzling defense • of the loophole.
For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Other podcasts you might like ...
- M’usa, con l’apostrofo. Le donne di PicassoLetizia Bravi
- FC PopCornFilm Companion
- Do I Like It?The Quint
- The Big StoryThe Quint
- DiskoteksbrandenAntonio de la Cruz
- Dragon gateEdith Söderström
- En amerikansk epidemiPatrick Stanelius
- En värld i brand: Andra världskriget och sanningenAnton Vretander
- FamiljenFrida Anund
- Hagen-fallet: Spårlöst försvunnenAntonio de la Cruz
- M’usa, con l’apostrofo. Le donne di PicassoLetizia Bravi
- FC PopCornFilm Companion
- Do I Like It?The Quint
- The Big StoryThe Quint
- DiskoteksbrandenAntonio de la Cruz
- Dragon gateEdith Söderström
- En amerikansk epidemiPatrick Stanelius
- En värld i brand: Andra världskriget och sanningenAnton Vretander
- FamiljenFrida Anund
- Hagen-fallet: Spårlöst försvunnenAntonio de la Cruz
