Just another Reality-based bubble in the foam of the multiverse.

Thursday, January 12, 2012

paying their fair share

The trio who founded private equity powerhouse Carlyle Group took home more than $400m in compensation last year, according to a regulatory filing...

...The three co-founders each received a base salary of $275,000, a bonus of $3.5m, and a $134m share of the firm's investment profits...

...Thanks to a longstanding tax break, payouts to private equity executives can be treated as a capital gain, taxed at a 15% rate, rather than income, typically taxed at 35%.

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