Episode 3 - Carried Interest, How it's Taxed and the Controversy

Connect with me: Website: ⁠www.LiliyaCPA.com⁠   LinkedIn: ⁠Liliya Yerassilova⁠ YouTube: ⁠Liliya CPA 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