Sunday, May 1, 2016

Carlyle Group's 2015 Paltry Tax Rate: Half of 1%

The Carlyle Group reported total revenues over $3 billion and net income of $402.2 million.  From that Carlyle's provision for income taxes for 2015 was $2.1 million.  That's an effective tax rate of half of 1%, 0.52% to be exact.

A decade of trips to Capital Hill and the White House paid off for Carlyle's David Rubenstein.  In an age of privilege not everyone is the same.