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  • newtrier61 newtrier61 Feb 10, 2013 9:54 PM Flag

    Notably absent from the revenue component of the bill is a hike in the tax rate on carried interest, the income stream for financial managers. Democrats have long targeted a change in that rate but top officials in the party have been wary of tackling it in the context of sequestration negotiations. That said, an aide did not rule out the possibility of it being brought up in future discussions.

    Tax rate on carried interest affects Blackstone high income employees &/or owners. Carried interest currently taxed at cap gains rates. If taxed as ordinary income--which it should be(!)--private equity principals would pay higher rates.

    Carried interest debate has no impact on BX enterprise value or stock price.

    Sentiment: Hold

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