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‘Patriotic Millionaires’ Move Forward On Closure Of Wall Street Tax Loophole


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‘Patriotic Millionaires’ Move Forward On Closure Of Wall Street Tax Loophole

Patriotic Millionaires

ALBANY, NY - After meeting with members of the ‘Patriotic Millionaires’, State Senator Jeff Klein (D-Bronx/Westchester) introduced legislation on Wednesday to close the “carried interest” loophole which allows fund managers to avoid paying the appropriate tax rate on their work product.

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