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Friday, May 28, 2010

‘Extenders Package’ Bill Raises Some Capital Gains Taxes 157 Percent
Taxes item by OffSite

The House “extenders package” has a pair of tax increases on investment partnerships (Sec. 411 and 412). Investment partnerships consist of a “general partner” who makes investment decisions for the partnership.

It also consists of “limited partners” who contribute money to the partnership. Limited partners are usually large investors like defined-benefit pension plans, university endowments, and charities. Full Piece

Posted by OffSite 05/28/10.

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