BizTaxBuzz: Hedge Fund Managers Win "Carried Interest" Tax Battle

The hedge fund and PE industries have had their way in Congress this week. The proposal to tax fund managers' "carried interest" earnings as ordinary income, so popular during the anti-Wall Street hysteria of Spring 2009, died with hardly a whimper in the negotiations over the Bush tax cuts.

Hedgies Dodge Tax Bullet | Source: The Big Fat Finance Blog.