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Study: Raising carried-interest capital-gains tax would devastate New Yorkseconomy
Imposition of the tax would result in the loss of 370,000jobs
WASHINGTON, D.C. Today, Dr. Charles Swenson of the University of Southern Californias Marshall School of Business released a study analyzing the economic effects of a proposal to increase the carried-interest capital-gains tax rate in New York. Dr. Swenson finds that imposing such a massive tax would: Cause an exodus of the private funds industry…
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