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Carried Interest Debate Cont.: The Death of Sweat Equity?
July 2, 2007 /
Fred Wilson has a post up this morning http://avc.blogs.com/a_vc/2007/06/the-carried-int.html on the carried interest debate in which he advocates taxing all carried interest as ordinary income. As I mentioned in my own post last week http://billburnham.blogs.com/burnhamsbeat/2007/06/the-tax-man-com.html , while I think that the evolution of the investment management business argues that some changes to the tax treatment of carried interest are theoretically justifiable, I do not believe that a wholesale condemnation of carried interest is justified or advisable.
Bill Burnham
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