Search Results for keywords:"carried interest fairness act of 2025"

Search Results: keywords:"carried interest fairness act of 2025"

H. R. 1091 — To amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities.
February 06, 2025
Status:Introduced in House
Congress:119
Words:8,802
H. R. 1091, also known as the "Carried Interest Fairness Act of 2025," aims to change how taxes are applied to personal service income earned through pass-thru entities, like partnerships. This bill seeks to ensure that income earned through investment management services is...
Simple Explanation
H. R. 1091 is a plan to make sure people who earn money by helping others invest get taxed the same way as everyone else, so they pay their fair share. It wants to stop tricks that let people pay less tax than they should.
S. 445 — To amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities.
February 06, 2025
Status:Introduced in Senate
Congress:119
Words:8,860
S. 445, known as the “Carried Interest Fairness Act of 2025,” aims to amend the Internal Revenue Code of 1986 to change how personal service income earned from pass-thru entities is taxed. Specifically, it addresses the taxation of income derived from partnership interests...
Simple Explanation
S. 445 wants to make sure money made from managing other people's investments is taxed like regular paycheck money instead of lower tax rates, closing some tricky loopholes to make it fair and clear.

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