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On todays' episode we'll be talking about Carried Interest finally! What carried interest is, how it's taxed, what the logic behind the current taxation and arguments to overhaul this so-called "Tax Loophole for the Wealthy".

Also, I have to put a disclaimer that the podcast is not your tax guide and not professional advice. This is just a way to have fun while learning something new and hopefully, useful! Alright, let’s get into it!

Music:

Medieval Fantasy by Aleksey Chistilin from Pixabay

https://pixabay.com/music/beautiful-plays-medieval-fantasy-142837/ Resources:

Investopedia Articles:

About Carried Interest:

https://www.investopedia.com/terms/c/carriedinterest.asp

Taxation of PE Firms:

https://www.investopedia.com/articles/investing/072215/how-private-equity-and-hedge-funds-are-taxed.asp

CNBC Article:

https://www.cnbc.com/2022/08/08/what-carried-interest-is-and-how-it-benefits-high-income-taxpayers.html

Tax Notes article on the new bill:

https://www.taxnotes.com/research/federal/legislative-documents/congressional-news-releases/wyden-announces-bill-to-change-carried-interest-tax-treatment/7hk8q

American Bankruptcy Institute article on Limited Liability:

https://www.abi.org/feed-item/private-equitys-abuse-of-limited-liability