Following up on my post from yesterday about the New York Times calling the current tax treatment of carried interest "a little known tax break," I should have pointed out that the article was written by Andrew Ross Sorkin.  Mr. Sorkin has written of carried interest: "There's no doubt about it: the Internal Revenue Service should clearly be considering it regular income" and "Let's be honest: it is a charade that private equity firms have claimed their 20 percent performance fees at the lower capital gains rate."

I'm used to being surrounded by overachievers, so maybe I don't understand this journalism thing, but it seems to me that the readers are owed a warning that Mr. Sorkin has taken a position on the issue and that his "reporting" can't be trusted.  My proposal:  Before every piece on taxation of alternative asset managers written by Sorkin, the NY Times should publish this disclaimer:

Warning:  Mr. Sorkin has called for the IRS to tax carry at ordinary income rates and has said that claiming carry as a capital gain is a charade.  Keep that in mind when you read the following piece.

Contact the Public Editor and express your outrage over the Times undisclosed biases!