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Sign up for "Econ Extra Credit" Here

What is "carried interest" and why should I care?

by Annie Baxter Oct 10, 2016
Both presidential candidates want to get rid of it. Let's explain this arcane term.
Republican presidential nominee Donald Trump appears on a monitor in the media center during the second presidential debate with democratic presidential nominee former Secretary of State Hillary Clinton at Washington University on October 9, 2016 in St Louis, Missouri.
Justin Sullivan/Getty Images