James B. Sowell + James G. Tod, in their report, The “Wyden bill”—a new approach to taxing carried interest (Aug. 26, 2019), note that Senator Ron Wyden, the ranking minority member on the Senate Finance Committee, introduced a bill that represents a dramatic departure from the previously proposed approaches for the taxation of carried interest. Their report discusses the Wyden bill.
To see the Senate Finance Committee text and summary, click on links below:
Text of the legislation is available here.
A detailed summary of the legislation is available here.
A one-pager summary of the legislation is available here.
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.
