Carried Interest Debate (Wiki Page)

What is a Private Investment Fund?

Before considering carried interest, one must first have a basic understanding of the organizations that currently benefit from it. Private investment funds, set up as limited liability companies or limited partnerships, invest capital in or acquire private or publicly traded companies. These funds are organized under general partners and limited partners. The general partners are the funds' managers or managing firms. The limited partners are the funds' investors who typically include pension funds, insurance companies, and wealthy individuals. Types of private investment funds include private equity funds, hedge funds, and venture capital funds. Private equity funds

http://www.taxpolicycenter.org/briefing-book/what-carried-interest-and-how-should-it-be-taxed http://www.ntanet.org/NTJ/61/3/ntj-v61n03p445-60-taxation-carried-interest-understanding.pdf http://victorfleischer.com/wp-content/uploads/2009/12/Two-and-Twenty.pdf http://www.streetofwalls.com/articles/private-equity/learn-the-basics/how-private-equity-works/ http://www.investopedia.com/articles/investing/102515/carried-interest-loophole-americas-tax-code.asp https://www.cbo.gov/sites/default/files/110th-congress-2007-2008/reports/09-06-carriedinterest_testimony.pdf