Victor Fleischer is a professor of law at University of California, Irvine School of Law known for raising awareness of the carried interest tax loophole.
[1][2][3][4] Fleischer grew up in Buffalo, New York, the son of now retired academics, and earned a B.A.
[1] Fleischer was known for his 2006 article,[6] which highlighted the inequity of the tax treatment whereby private equity firms would classify the money it makes from on the future profits of their deals, also known as "carried interest," as capital gains, rather than as ordinary income, thereby paying a long-term capital gains tax rate that is 17 percentage points lower than the federal income tax rate.
[3][7] He argued that the loophole could cost the government as much as $130 billion over the next decade and said that the private equity industry should pay higher taxes, urging the U.S. government to fix the tax loophole.
[9][10] In 2016, Fleischer joined the United States Senate Committee on Finance staff as the co-chief tax counsel to the Democratic Party and served in that position until 2017.