The White House estimates that the following changes would raise $600 billion:
- End some tax credits for oil and gas companies
- Tax private equity or hedge fund managers income as earned rather than capital gains rates
- Limit itemized deductions for the nation’s highest earners
- Change the depreciation formula for corporate jets
- Repeal tax benefit for an inventory accounting practice used by many manufacturers
About Alex Akesson
Alex has been specializing in hedge fund and alternative investment news since April 2006. Working mainly in research and manager interviews, she has published breaking news on the hedge fund industry on her blog, as well as several industry publications.
Her access to hedge fund managers gives her insight into news stories as well, and the ability to track press releases and other breaking news in real time.
Summary: The Obama Tax Proposal
The White House estimates that the following changes would raise $600 billion:
About Alex Akesson
Alex has been specializing in hedge fund and alternative investment news since April 2006. Working mainly in research and manager interviews, she has published breaking news on the hedge fund industry on her blog, as well as several industry publications. Her access to hedge fund managers gives her insight into news stories as well, and the ability to track press releases and other breaking news in real time.