In a story in the March 14 issue of The New Yorker Magazine, Alec MacGillis, who covers politics for ProPublica, examines one of the principal ways that private equity executives have amassed their great wealth: the little-known tax break for "carried interest." This huge loophole, which significantly lowers the tax rate on the income that hedge-fund managers earn from certain speculative investments, has become a political football in the Democratic and Republican presidential campaigns.
In an interview, MacGillis shares his insights on how American taxpayers are helping the nation's very rich get even richer. LISTEN HERE
In an interview, MacGillis shares his insights on how American taxpayers are helping the nation's very rich get even richer. LISTEN HERE
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