Not that I can see in the long run, or any class for that matter.Just can't
think of a valid reason to defend making this change. It makes no sense to me, and actually goes against logic.
As an aside, I would much prefer they get rid of the carried interest preference to fit under those reconciliation limits than this FIFO rule. Another nonsensical move IMO. But I do applaud the improvement they're making on the pass-throughs as I understand it (now limited to no less than 20% below their highest tax bracket vs. a flat 25%, so 29.6% for a 37% rate earner) although that seems opposite what Ron Johnson was (foolishly IMO) arguing for, so I'm not sure how he's stays on board.
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In response to this post by BocaHoo91)
Posted: 12/13/2017 at 6:05PM