@ijxofrlcwf
Whatever they want. :) Buy Frosted Flakes, upgrade their iPhone, acquire more assets, etc. nnThe underlying issue is they're able to realize those gains without paying tax on it. Can you do that at any asset level Yes.nnBut at $100m+, it's a pretty sweet deal...in fact, you can live a comfortable tax free life doing it. nnIt's a loophole that, at the very least, needs more guard rails around it. I suspect that's where the compromise will ultimately land on it.
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