Private Equity Firm Blackstone Actually Had a Sub-Zero Tax Rate Last Year

Even though Blackstone, the world’s largest private equity firm, raked in billions in profits last year, new documents show their tax rate actually went below zero. This may help explain why CEO Stephen Schwarzman has spent nearly $25 million to help Trump and GOP senators win: to ensure the tax breaks enriching Blackstone stay in place.

Private Equity Firm Blackstone Actually Had a Sub-Zero Tax Rate Last Year

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