The Soapbox

PBCHoo

Joined: 08/15/2017 Posts: 634
Likes: 919


It's been looked at for many, many years.


Aggressive lobbying and campaign donations have stopped Congress from doing anything substantive regarding carried interest. That said, the IRS has had the power all along to reclassify partnership profits as compensation when it is appropriate to do so. See IRC section 707(a)(2)(A).

(In response to this post by Blah)

Posted: 10/07/2019 at 1:11PM



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Current Thread:
  Goodwill donations suspiciously high ** -- HokieDan95 10/07/2019 12:44PM
  Yes we know you will fit in the conspiracy bucket ** -- TomKazanski 10/07/2019 12:29PM
  Preaching to the choir on this one. -- Chuck Taylor 10/07/2019 12:39PM
  Your assumption is the worst case scenario. -- Chuck Taylor 10/07/2019 2:16PM
  I don't assume the worst case, I assume total uncertainty. -- hoolstoptheheels 10/07/2019 2:59PM
  I have to agree with you -- hooinblueville 10/07/2019 1:43PM
  I am expecting a Mitt Romney type of return. -- Guy LeDouche 10/07/2019 11:16AM
  Yepa, remind me of Romney -- VaTechie 10/07/2019 11:50AM
  Oh, there's almost no doubt in my mind he would show -- BocaHoo91 10/07/2019 11:30AM
  Sorry, but that analogy is patently ridiculous. -- hoolstoptheheels 10/07/2019 11:11AM
  I don't know if there is blatant tax fraud ... -- Blah 10/07/2019 11:10AM
  Over under until they are leaked? ** -- TomKazanski 10/07/2019 10:28AM
  The fact that they haven't yet is telling -- Beerman 10/07/2019 11:29AM
  No reason to worry about that, right, Tom? -- DanTheFan 10/07/2019 10:33AM
  I know ''something'' will be found, real or imagined ** -- HokieDan95 10/07/2019 10:40AM
  No they just report the garbage he says and does -- 111Balz 10/07/2019 11:58AM
  That has to get an LOL. It's pure conspiracy theory. -- hoolstoptheheels 10/07/2019 11:58AM
  Don't forget 2 scoops of ice cream!!! ** -- HokieDan95 10/07/2019 12:01PM
  Everything the hokie posts is laughable ** -- 111Balz 10/07/2019 12:00PM
  Your insecurity is even more so ** -- HokieDan95 10/07/2019 12:17PM
  Uh, another word you need to look up? ** -- 111Balz 10/07/2019 12:36PM
  You aren't fooling anyone ** -- HokieDan95 10/07/2019 2:33PM
  Not a few on here ** -- 81_Hokie 10/07/2019 09:57AM

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