But under Trump’s broad plan to tax pass-through income at 15 percent, it would be possible for investment managers to achieve an even lower rate. Moore said campaign advisers are working to fix that with regard to carried interest.

“We’ve decided in the campaign that we’re going to treat it as wage and salary income,” he said. “There are arguably some components of carried interest that are both, so it’s tricky, but that’s what we decided.”

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