H.R.2834 - To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services.

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  • Official: To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services. as introduced.

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09/07/07
Jonathan Tasini: Democrats Can't Capitulate on Economic Fairness ...

While they are quivering and wavering on the Iraq War, let me suggest that there is another issue Democrats cannot capitulate on: economic fairness. It's been said, repeatedly, that the Democrats took control of Congress in 2006 because ...

09/07/07
Jonathan Tasini: Democrats Can't Capitulate on Economic Fairness ...

Sander Levin has introduced a bill (HR 2834) that would, in fact, raise the tax rate on "carried interest." The New York Times piece today about the hearings exposed how completely shameless, and obscenely greedy, these hedge fund and ...

09/06/07
Cantor Launches Interactive Film to Help Fight Tax Hikes, Carried ...

Democrats, seeking to treat carried interest compensation exactly the same as a salary paid to a manager, have introduced HR 2834 - a bill sponsored by Rep. Sander Levin, with Chairmen Rangel and Chairman Barney Frank as co-sponsors. ...

Source: RSC Blog
09/06/07
Sweat Equity to be Taxed Under Carried Interest Bill (PR Newswire ...

As Congress returns this week to debate and conduct hearings on HR 2834, a bill to raise the tax rate on an interest in partnership profits known as a “carried interest,” The Real Estate Roundtable (www.rer.org) will seek to educate ...

09/06/07
Sweat Equity to be Taxed Under Carried Interest Bill

As Congress returns this week to debate and conduct hearings on HR 2834, a bill to raise the tax rate on an interest in partnership profits known as a "carried interest," The Real Estate Roundtable (http://www.rer.org) will seek to ...

09/06/07
Venture Capital Industry Testifies Before House Ways and Means ...

Silver was invited to testify before Congress in response to HR 2834, a bill that as currently written would increase the taxes that venture capitalists pay when they fund successful private companies. Mr. Silver cautioned that such a ...

09/06/07
Taxation of Private Equity and Hedge Fund Partnerships ...

HR 2834, introduced by Representative Levin on June 22, 2007, would characterize carried interest as ordinary income. This report provides background on the issues related to the debate concerning the characterization of carried ...

09/06/07
Taxes on private equity partners are equitable, fair, Private ...

HR 2834 would tax profits earned by private equity firms on the sale of long-term investments at the regular income rate of 35 percent instead of the long-term capital gains rate of 15 percent. Rebutting allegations that the current ...

09/05/07
Investment Minorities Band Together to Fight HR 2834

The WSJ is reporting that a group of minority investment professionals have joined together to fight HR 2834. The newly created Access to Capital Coalition (press release), or ACC, is composed firms or interest groups that are owned or ...

09/05/07
Joint Committee on Taxation Report on Tax Treatment of Partnership ...

HR 2834 (introduced by Messrs. Levin, Rangel, Stark, McDermott, Lewis of Georgia, Neal, Pomeroy, Larson of Connecticut, Blumenauer, Kind, Pascrell, Frank of Massachussets, and Mrs. Jones of Ohio) The bill generally treats net income ...

09/05/07
Sweat Equity to be Taxed Under Carried Interest Bill

6 /PRNewswire-USNewswire/ -- As Congress returns this week to debate and conduct hearings on HR 2834, a bill to raise the tax rate on an interest in partnership profits known as a "carried interest," The Real Estate Roundtable ...

09/05/07
Women Entrepreneurs September 5, 2007 8:34 pm

The 130 percent tax increase that HR 2834 would impose on much of the earnings of … Dynamic Women to Women Luncheon (El Paso Times) Join this group of outstanding women entrepreneurs as they informally discuss their businesses successes ...

09/05/07
Women Entrepreneurs September 6, 2007 2:50 am

The 130 percent tax increase that HR 2834 would impose on much of the earnings of … Dynamic Women to Women Luncheon (El Paso Times) Join this group of outstanding women entrepreneurs as they informally discuss their businesses successes ...

09/04/07
Congress moves toward tax assault on investment

Congress is considering legislation (HR 2834) sponsored by Rep. Sanford Levin (D-Mich.) to increase the tax rate on carried interest capital gains. The current 15 percent capital-gains tax rate is already an unfair double tax since ...

09/04/07
Americans for Prosperity Warns of US House Action to Raise Tax on ...

Congress is considering legislation (HR 2834) sponsored by Rep. Sanford Levin (D-Mich.) to increase the tax rate on carried interest capital gains. The current 15 percent capital-gains tax rate is already an unfair double tax since ...

09/04/07
GOP Priorities: Tax labor, Don't tax "investments"

Y.), chairman of the House Ways and Means Committee, introduced HR 2834 in June. The bill will tax as ordinary income the fees--or “carried interest”--that partners of hedge funds, leveraged buyout firms and other partnerships earn. ...

08/27/07
Close the Multi-Millionaire Tax Loophole

Tell Your Representative to Support HR 2834. Partners of leveraged buyout firms and hedge funds are taking advantage of a loophole to avoid paying their share of taxes on the billions of dollars they earn each year. ...

08/27/07
“The Very Rich Are Different From You And Me…”

The Levin-Rangel bill (HR 2834) would close this loophole and appropriately tax the “carried interest” from partnerships as compensation. Tell your representative to support HR 2834 and prevent these multi-millionaires from gaming the ...

Source: Firedoglake
08/27/07
ALERT: Close the Multi-Millionaire Tax Loophole

The Levin-Rangel bill (HR 2834) would close this loophole and appropriately tax the "carried interest" from partnerships as compensation. Tell your congressional representative to support HR 2834 and prevent these multi-millionaires ...

08/27/07
Close the Multi-Millionaire Tax Loophole

The Levin-Rangel bill (HR 2834) would close this loophole and appropriately tax the “carried interest” from partnerships as compensation. Tell your representative to support HR 2834 and prevent these multi-millionaires from gaming the ...

08/22/07
Partnership Carried Interests: will Congress act?

The undersigned organizations urge you to support legislation sponsored by Congressman Sander Levin (HR 2834) that would close the tax loophole for what private equity fund managers call "carried interest." ...

08/20/07
norton co-sponsored legislation to tax as regular income

he co-sponsored legislation to raise the tax rate: hr 2834: to amend the internal revenue code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of ...

08/20/07
TaxProf Blog: Knoll on The Taxation of Private Equity Carried ...

And the government has not yet released a revenue estimate for H.R. 2834, the House bill that would tax carried interests at ordinary income rates. Accordingly, this essay seeks to contribute to the debate on the taxation of carried ...

08/16/07
CTJ Launches Petition Drive in Support of Private Equity Tax Reform

Citizens for Tax Justice has launched a petition drive seeking the signatures of organizations in support of the private equity tax bill introduced in the House (HR 2834) by Congressman Sander Levin: To read and sign the letter, ...

08/16/07
Tax Change Would Cut Partnership Profits

The bill, HR 2834, would eliminate the currently favorable tax treatment for all carried interest received by any partner or fund manager who provides "investment management services" to a partnership or fund. Carried interest grants a ...

08/16/07
Kill the Private-Equity Tax Break

1624 and HR 2834) would make fund managers subject to the same tax rules as everyone else. They would have to pay taxes on their income when they earn it, and it would be taxed at the same rate as normal labor income. ...

08/15/07
Drywall sander - Yerba Buena Center for the Arts [Map] San

comDemocrats Propose Tax Increase With HR 2834?National Ledger - Sander M. Levin (D-MI) and drywall sander would reclassify carried interest as ordinary income. That represents a 133% on so-called flow-through investment partnerships. ...

08/14/07
Take Action on Tax Fairness: Support HR 2834

A bill, HR 2834, has been introduced in the House by Rep. Sander Levin (D-MI) to eliminate the loophole that allows private equity fund managers earning hundreds of millions or even a billion dollars each year to pay taxes at a lower ...

08/05/07
New Laws on Capital Gains

The bill, HR 2834, will have an adverse impact on most real estate partnerships. The legislation has been designated as a mechanism to … …more. My uninformed-by-ever-having-been-a-tax-lawyer sense is that loss offsets for the capital ...

07/31/07
Raising taxes on private equity investments could hurt US ...

HR 2834 would tax profits earned by private equity firms on long-term investments at the regular income rate of 35 percent instead of the long-term capital gains rate of 15 percent. S1624 would impose a 35 percent corporate income tax ...

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