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BullNBear52

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BullNBear52

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Sunday, 05/08/2016 10:18:44 AM

Sunday, May 08, 2016 10:18:44 AM

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Ending Tax Break for Ultrawealthy May Not Take Act of Congress

By GRETCHEN MORGENSON



Tax experts said that the carried interest loophole could be closed by President Obama’s Treasury Department.

Stephen Crowley/The New York Times

Tax experts said that the carried interest loophole could be closed by President Obama’s Treasury Department.

Some experts say President Obama could abolish the carried interest tax break, which mostly benefits the top one-tenth of the 1 percent in income.
http://www.nytimes.com/pages/business/dealbook/index.html?src=busfn

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