Private-Equity Guys Can Learn to Pay More Tax

If laws are someday passed changing the taxation of income for private-equity managers, analysts might look to June 12, 2007, as a turning point.

That was when the idea that these Wall Street pros were under-taxed got a big boost from someone with the highest market credentials: Robert Rubin, the former Treasury Secretary and Goldman Sachs Group Inc. chief who now is chairman of Citigroup Inc.'s executive committee.

This article was originally published in Bloomberg.com.