Level the Playing Field


“Some hedge fund managers and private equity managers are taking home more than $100 million a year in what is called ‘carried interest’ income…being taxed at the long-term capital gains rate of 15%. They are not paying the higher rate for ordinary income. Now, professional athletes, Silicon Valley executives and lawyers on contingency fees will also often take home a great deal of income. God bless them!…They tend to pay taxes at the ordinary income rate.”

Senate Finance Committee Chairman Max Baucus,
D-Mont., during the committee’s hearing
on carried interest, July 11
.

Source: www.senate.gov/~finance .

SPONSORED WHITE PAPER

Preparing the statement of cash flows

This instructive white paper outlines common pitfalls in the preparation of the statement of cash flows, resources to minimize these risks, and four critical skills your staff will need as you approach necessary changes to the process.

RESOURCES

Keeping you informed and prepared amid the COVID-19 crisis

We’re gathering the latest news stories along with relevant columns, tips, podcasts, and videos on this page, along with curated items from our archives to help with uncertainty and disruption.