Several of the largest private equity firms, including Bain Capital, are being investigated by the New York Attorney General to determine ..."whether they converted certain management fees collected from their investors into fund investments, which are taxed at a far lower rate than ordinary income..."
Naturally, the GOP is hollering "Foul!"
http://www.nytimes.com/2012/09/02/bu...ml?_r=1&emc=na