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Warren Buffett Hates This Tax Break — And Some of It Is on the Chopping Block

August 2, 2022

Carried interest, a current tax break that can potentially impact startups, private equity, and the venture capital community, is back on the national legislative stage in a new bill titled, The Inflation Reduction Act of 2022.

The bill has a mix of high-profile backers and critics. In 2010, Warren Buffett spoke out against the tax break at a congressional hearing. “If you believe in taxing people who earn income on their occupation, I think you should tax people on carried interest,” he said, per The New Yorker.

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