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The Carried Interest Tax Break Won’t Die. How Private Equity’s Favorite Loophole Works

Wealth

Erin Schilling

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May 14, 2025

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Bloomberg

Despite President Donald Trump’s monthslong advocacy for eliminating the carried interest tax break, one of the most controversial loopholes in the US tax code remains unchanged in the draft version of the “big, beautiful” tax package proposed by Republicans in Congress.

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