BHI in the Wall Street Journal: The case against taxing carried interest as ordinary income

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BHI Executive Director David G. Tuerck, chairman of the Department of Economics at Suffolk University, debates Columbia University Professor of Law Michael Graetz in the WSJ on whether carried interest (investment income) should be taxed at the higher ordinary income tax rate or capital gains taxes. Dr. Tuerck argues against the Obama administration’s plan to tax such income on a PIT basis.…

In a related issue, BHI last year pointed out that a tax on “enterprise value” would also be a deterrent to the economy.

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About Beacon Hill Institute

The Beacon Hill Institute engages in rigorous economic research and conducts educational programs for the purpose of producing and disseminating readable analyses of current public policy issues to voters, taxpayers, opinion leaders and policy makers.