The Carlyle Group reported total revenues over $3 billion and net income of $402.2 million. From that Carlyle's provision for income taxes for 2015 was $2.1 million. That's an effective tax rate of half of 1%, 0.52% to be exact.
A decade of trips to Capital Hill and the White House paid off for Carlyle's David Rubenstein. In an age of privilege not everyone is the same.
