Rangel Plans Push to Cut Top Corporate Tax Rate to 28 Percent

Discussion in 'Economics' started by Banjo, Nov 15, 2008.

  1. Banjo


    Rangel also has proposed making executives at private- equity firms and other partnerships pay ordinary income-tax rates instead of capital-gains rates on the incentive fees they charge their investors, known as ``carried interest.'' The top ordinary income-tax rate is currently 35 percent; Obama has proposed increasing that to 39.6 percent, and Rangel has proposed imposing an additional surcharge as high as 4 percent for those who make over $200,000.