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Taxing the Super Rich: Private-equity billionaires—the new Masters of the Universe—often pay far lower rates than the rest of us. But Washington is trying to change that. Get ready for a fight.

Date: July 23, 2007
Authors: Evan Thomas and Daniel Gross A.M.
QUOTE: The very rich in America pay taxes at a lower rate than most working people, and, due to a wrinkle in the tax code, private-equity partners enjoy some of the lowest tax rates of all.

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