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View Diary: MI-Sen: Carl Levin's (D) Cut Unjustified Tax Loopholes Act Would Raise $200 Billion In Revenue (20 comments)

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  •  No objection to ending carried interest, (1+ / 0-)
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    nextstep

    certainly.  The "blended rate" he's talking about is the 1256 rate, and I seem to recall that a lot of thought went into making the rate what it is.  W/o a review of why we have it in the first place, it'd be tough to be fur or agin it.

    re: options: that's not a loophole in any sense of the word.  It's just the matching principle at work in the code.  When a corp pays compensation, it's income to the recipient and a deduction to the payer.  That's all that's happening here.  

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