Business

Jamie Dimon says US should be taxing carried interest

May 30, 2025

JPMorgan Chase Jamie Dimon said at the Reagan National Economic Forum that the US should be taxing carried interest, CNBC reported Friday.

The comment from the biggest US bank’s top boss comes at a time when President Trump has also been hinting at closing the carried interest loophole.

JPMorgan CEO Jamie Dimon’s comment comes at a time when President Trump has also been hinting at closing the carried interest loophole. Bloomberg via Getty Images

Carry, which refers to the part of private fund managers’ compensation tied to profits generated, is currently taxed as a long-term capital gain.

This has enabled fund managers to pay lower taxes than on ordinary income.

This is developing story. Please check back for updates.

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Wesley Scott

Wesley Scott is a seasoned business journalist with a knack for breaking down complex financial matters and corporate trends. With a background that includes seven years working on Wall Street, Wesley brings insider knowledge to his reporting, offering readers both depth and clarity. His articles cover a wide range of topics, from market trends and corporate leadership changes to business ethics and the impact of global events on industries. Known for his ability to identify emerging patterns in the business world, Wesley’s writing serves as a reliable resource for professionals and curious readers alike. Whether covering shifts in consumer behavior or unraveling the dynamics of corporate mergers, Wesley's work ensures his audience stays ahead of the curve.