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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (627846)	9/12/2011 11:11:17 PM
From: J_F_Shepard	Read Replies (1) \| Respond to of 1578339

Don't play games......the tax laws can be and are written to suit the targeted payer, generally the rich.......

To: i-node who wrote (627846)	9/18/2011 10:48:02 PM
From: TimF	1 Recommendation Respond to of 1578339

At issue is the "profits interest" these partners own. To undo this so-called "loophole" will require a near-total rewrite of Subchapter K, arguably one of the most complex areas in the entire Internal Revenue Code. There is NO DOUBT, WHATSOEVER, that rewriting this provision will result in MORE so-called loopholes. And however you change it the people making the deals will just change the deal so they still qualify. If they have to make it a simple unambiguous capital gain, then they will. The only way to make sure none of this income is treated as capital gains with lower rates is to not give capital gains lower rates then taxes on ordinary income (which would be ok if you do that by lowering the rates on ordinary income but I doubt that's what most people concerned about this have in mind)