Blackstone IPO: Should Firms That Invest for the Rich Pay Lower Taxes Than Other Businesses?

Private equity firms have grown into a massive force on Wall Street, moving around billions of dollars, mostly under the radar. But now as the Blackstone Group is about to go public -- with an IPO expected to rake in more than $4.14 billion -- new scrutiny is being paid to this secretive world, particularly to the amount of taxes private equity firms pay. To the surprise of many, private equity funds, including Blackstone, pay taxes at the 15 percent capital gains rate instead of at the 35...Full Story
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