Tax Breaks Extended For Special Interests

NPR | Jan. 09, 2013 10:22 a.m.

Contributed By:

Steve Henn

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Hedge fund and private equity managers came out of the "fiscal cliff" agreement with a better tax setup than many affluent taxpayers. It largely keeps in place a practice that allows them to have their earnings taxed at a capital gains rate rather than at a higher rate for ordinary income.