Exact(7)
Insurance companies and pension funds also sought the higher returns, called yield, as interest rates hit historically low rates.
The samplings of partial returns, called a "quick count" here, have accurately predicted the outcome of previous elections, but final results may not be known for weeks.
The returns, called carried interest, are taxed at the capital gains rate, 15percentt, but some in Congress want to raise the tax to the rate of ordinary income, usually about 35percentt.
Mitt Romney, who refuses to make public more than two years of tax returns, called deliberate tax evasion "disqualifying" in an interview with Fox News' Sean Hannity on January 21 , 2009 "I think it's appropriate for the committee to be delving into this and trying to understand what the whole motivation was behind his tax policy.
It also takes care of returns, called "reverse pickups," for e-commerce players like Jabong, Snapdeal, Shopclues and Paytm.
IRS rules that took effect in June require charities to provide photocopies of recent returns, called Form 990, to anyone upon payment of a modest fee.
Similar(48)
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