- UAE Markets Seen Limit Down on Monday Open
- Dubai's Debt Woes Signal New Era for Creditors
- US Treasury Wants Banks to Do More to Ease Mortgages
- Fed Audit Would Hurt Economic Prospects: Bernanke
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Dubai Stock Selloff May Bring Buying Opportunity
- Tiger Woods Accepts Full Blame for Car Crash
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
Text Size 
Billionaire investor Warren Buffett told CNBC that if a partnership and a corporation are essentially run the same way, it "seems illogical" to tax the partnership at a lower rate than the corporation.
In an interview with CNBC's Brian Shactman outside a fundraiser Buffett attended for Democratic Presidential Candidate Hillary Clinton, Buffett said:
"If you run a partnership and you have capital gains, you have a 15% tax rate; and if you run a corporation and have capital gains, you have a 35% tax rate. When both entities are operating in a similar manner with many thousands of shareholders, freely tradable shares, people managing them who are attempting to evaluate investments, it seems a bit illogical to have that sort of a spread in the tax rate just depending on form."
The question of whether private equity partnerships that go public should be taxed at the higher corporate tax rate has been raised in the wake of Blackstone's IPO. A bill that would eliminate the gap has been introduced by leaders of the Senate Finance Committee.
Buffett also told Shactman he thinks Hillary Clinton would be good for America and for business as President. But he's still not endorsing her explicitly, saying he doesn't want to "turn his back" on either Clinton or her rival Barack Obama. He says he'd be happy with either in the White House. "Odds are good we'll have a Democratic president (in 2008), but it's not a cinch," Buffett said.
Print
Email
- These four sectors will be the next to lead the market.
- Zhu Zhu Pets are this year's must-have toy, fetching $40 or more on eBay.
- From the why-didn’t-I-think-of-that file, we present Jason Sadler, a man whose job is wearing T-shirts.
- It may be the most unusual guide to business you'll read.
- Shopping for a gadget hound? The choices can be baffling. Here are a few that should be a hit.
- "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?
Data is a real-time snapshot *Data is delayed at least 15 minutes