id	sid	tid	token	lemma	pos
taxlaw-2830	1	1	associate	associate	NOUN
taxlaw-2830	1	2	professor	professor	NOUN
taxlaw-2830	1	3	,	,	PUNCT
taxlaw-2830	1	4	depaul	depaul	PROPN
taxlaw-2830	1	5	university	university	PROPN
taxlaw-2830	1	6	college	college	PROPN
taxlaw-2830	1	7	of	of	ADP
taxlaw-2830	1	8	law	law	NOUN
taxlaw-2830	1	9	.	.	PUNCT
taxlaw-2830	2	1	i	i	PRON
taxlaw-2830	2	2	would	would	AUX
taxlaw-2830	2	3	like	like	VERB
taxlaw-2830	2	4	to	to	PART
taxlaw-2830	2	5	thank	thank	VERB
taxlaw-2830	2	6	benjamin	benjamin	PROPN
taxlaw-2830	2	7	alarie	alarie	PROPN
taxlaw-2830	2	8	,	,	PUNCT
taxlaw-2830	2	9	bradley	bradley	PROPN
taxlaw-2830	2	10	borden	borden	PROPN
taxlaw-2830	2	11	,	,	PUNCT
taxlaw-2830	2	12	alex	alex	PROPN
taxlaw-2830	2	13	edwards	edwards	PROPN
taxlaw-2830	2	14	,	,	PUNCT
taxlaw-2830	2	15	victor	victor	PROPN
taxlaw-2830	2	16	fleischer	fleischer	PROPN
taxlaw-2830	2	17	,	,	PUNCT
taxlaw-2830	2	18	anthony	anthony	PROPN
taxlaw-2830	2	19	infanti	infanti	PROPN
taxlaw-2830	2	20	,	,	PUNCT
taxlaw-2830	2	21	calvin	calvin	PROPN
taxlaw-2830	2	22	johnson	johnson	PROPN
taxlaw-2830	2	23	,	,	PUNCT
taxlaw-2830	2	24	jeffrey	jeffrey	PROPN
taxlaw-2830	2	25	kwall	kwall	PROPN
taxlaw-2830	2	26	,	,	PUNCT
taxlaw-2830	2	27	andrea	andrea	PROPN
taxlaw-2830	2	28	monroe	monroe	PROPN
taxlaw-2830	2	29	,	,	PUNCT
taxlaw-2830	2	30	gregg	gregg	NOUN
taxlaw-2830	2	31	polsky	polsky	PROPN
taxlaw-2830	2	32	,	,	PUNCT
taxlaw-2830	2	33	emily	emily	PROPN
taxlaw-2830	2	34	satterthwaite	satterthwaite	NOUN
taxlaw-2830	2	35	,	,	PUNCT
taxlaw-2830	2	36	and	and	CCONJ
taxlaw-2830	2	37	participants	participant	NOUN
taxlaw-2830	2	38	at	at	ADP
taxlaw-2830	2	39	the	the	DET
taxlaw-2830	2	40	university	university	NOUN
taxlaw-2830	2	41	of	of	ADP
taxlaw-2830	2	42	toronto‘s	toronto‘s	PROPN
taxlaw-2830	2	43	james	james	PROPN
taxlaw-2830	2	44	hausman	hausman	PROPN
taxlaw-2830	2	45	tax	tax	PROPN
taxlaw-2830	2	46	law	law	NOUN
taxlaw-2830	2	47	and	and	CCONJ
taxlaw-2830	2	48	policy	policy	NOUN
taxlaw-2830	2	49	workshop	workshop	NOUN
taxlaw-2830	2	50	for	for	ADP
taxlaw-2830	2	51	their	their	PRON
taxlaw-2830	2	52	helpful	helpful	ADJ
taxlaw-2830	2	53	comments	comment	NOUN
taxlaw-2830	2	54	on	on	ADP
taxlaw-2830	2	55	earlier	early	ADJ
taxlaw-2830	2	56	versions	version	NOUN
taxlaw-2830	2	57	of	of	ADP
taxlaw-2830	2	58	this	this	DET
taxlaw-2830	2	59	article	article	NOUN
taxlaw-2830	2	60	and	and	CCONJ
taxlaw-2830	2	61	related	related	ADJ
taxlaw-2830	2	62	work	work	NOUN
taxlaw-2830	2	63	.	.	PUNCT
taxlaw-2830	3	1	all	all	DET
taxlaw-2830	3	2	mistakes	mistake	NOUN
taxlaw-2830	3	3	are	be	AUX
taxlaw-2830	3	4	,	,	PUNCT
taxlaw-2830	3	5	of	of	ADP
taxlaw-2830	3	6	course	course	NOUN
taxlaw-2830	3	7	,	,	PUNCT
taxlaw-2830	3	8	my	my	PRON
taxlaw-2830	3	9	own	own	ADJ
taxlaw-2830	3	10	.	.	PUNCT
taxlaw-2830	4	1	articles	article	NOUN
taxlaw-2830	4	2	taxing	tax	VERB
taxlaw-2830	4	3	publicly	publicly	ADV
taxlaw-2830	4	4	traded	trade	VERB
taxlaw-2830	4	5	entities	entity	NOUN
taxlaw-2830	4	6	emily	emily	ADV
taxlaw-2830	4	7	cauble	cauble	PROPN
taxlaw-2830	4	8	*	*	PUNCT
taxlaw-2830	4	9	abstract	abstract	ADJ
taxlaw-2830	4	10	publicly	publicly	ADV
taxlaw-2830	4	11	traded	trade	VERB
taxlaw-2830	4	12	entities	entity	NOUN
taxlaw-2830	4	13	are	be	AUX
taxlaw-2830	4	14	generally	generally	ADV
taxlaw-2830	4	15	treated	treat	VERB
taxlaw-2830	4	16	as	as	ADP
taxlaw-2830	4	17	corporations	corporation	NOUN
taxlaw-2830	4	18	for	for	ADP
taxlaw-2830	4	19	u.s	u.s	PROPN
taxlaw-2830	4	20	.	.	PROPN
taxlaw-2830	4	21	tax	tax	NOUN
taxlaw-2830	4	22	purposes	purpose	NOUN
taxlaw-2830	4	23	.	.	PUNCT
taxlaw-2830	5	1	under	under	ADP
taxlaw-2830	5	2	various	various	ADJ
taxlaw-2830	5	3	exceptions	exception	NOUN
taxlaw-2830	5	4	,	,	PUNCT
taxlaw-2830	5	5	however	however	ADV
taxlaw-2830	5	6	,	,	PUNCT
taxlaw-2830	5	7	publicly	publicly	ADV
taxlaw-2830	5	8	traded	trade	VERB
taxlaw-2830	5	9	entities	entity	NOUN
taxlaw-2830	5	10	may	may	AUX
taxlaw-2830	5	11	obtain	obtain	VERB
taxlaw-2830	5	12	special	special	ADJ
taxlaw-2830	5	13	treatment	treatment	NOUN
taxlaw-2830	5	14	if	if	SCONJ
taxlaw-2830	5	15	they	they	PRON
taxlaw-2830	5	16	earn	earn	VERB
taxlaw-2830	5	17	predominately	predominately	ADV
taxlaw-2830	5	18	certain	certain	ADJ
taxlaw-2830	5	19	specified	specify	VERB
taxlaw-2830	5	20	types	type	NOUN
taxlaw-2830	5	21	of	of	ADP
taxlaw-2830	5	22	qualifying	qualify	VERB
taxlaw-2830	5	23	income	income	NOUN
taxlaw-2830	5	24	.	.	PUNCT
taxlaw-2830	6	1	this	this	DET
taxlaw-2830	6	2	article	article	NOUN
taxlaw-2830	6	3	examines	examine	VERB
taxlaw-2830	6	4	potential	potential	ADJ
taxlaw-2830	6	5	rationales	rationale	NOUN
taxlaw-2830	6	6	for	for	ADP
taxlaw-2830	6	7	granting	grant	VERB
taxlaw-2830	6	8	special	special	ADJ
taxlaw-2830	6	9	tax	tax	NOUN
taxlaw-2830	6	10	treatment	treatment	NOUN
taxlaw-2830	6	11	to	to	ADP
taxlaw-2830	6	12	certain	certain	ADJ
taxlaw-2830	6	13	publicly	publicly	ADV
taxlaw-2830	6	14	traded	trade	VERB
taxlaw-2830	6	15	entities	entity	NOUN
taxlaw-2830	6	16	.	.	PUNCT
taxlaw-2830	7	1	as	as	SCONJ
taxlaw-2830	7	2	the	the	DET
taxlaw-2830	7	3	analysis	analysis	NOUN
taxlaw-2830	7	4	in	in	ADP
taxlaw-2830	7	5	this	this	DET
taxlaw-2830	7	6	article	article	NOUN
taxlaw-2830	7	7	will	will	AUX
taxlaw-2830	7	8	show	show	VERB
taxlaw-2830	7	9	,	,	PUNCT
taxlaw-2830	7	10	many	many	ADJ
taxlaw-2830	7	11	of	of	ADP
taxlaw-2830	7	12	the	the	DET
taxlaw-2830	7	13	potential	potential	ADJ
taxlaw-2830	7	14	rationales	rationale	NOUN
taxlaw-2830	7	15	are	be	AUX
taxlaw-2830	7	16	unconvincing	unconvincing	ADJ
taxlaw-2830	7	17	.	.	PUNCT
taxlaw-2830	8	1	in	in	ADP
taxlaw-2830	8	2	addition	addition	NOUN
taxlaw-2830	8	3	,	,	PUNCT
taxlaw-2830	8	4	to	to	ADP
taxlaw-2830	8	5	the	the	DET
taxlaw-2830	8	6	extent	extent	NOUN
taxlaw-2830	8	7	that	that	SCONJ
taxlaw-2830	8	8	some	some	DET
taxlaw-2830	8	9	rationales	rationale	NOUN
taxlaw-2830	8	10	may	may	AUX
taxlaw-2830	8	11	be	be	AUX
taxlaw-2830	8	12	persuasive	persuasive	ADJ
taxlaw-2830	8	13	,	,	PUNCT
taxlaw-2830	8	14	the	the	DET
taxlaw-2830	8	15	current	current	ADJ
taxlaw-2830	8	16	rules	rule	NOUN
taxlaw-2830	8	17	are	be	AUX
taxlaw-2830	8	18	not	not	PART
taxlaw-2830	8	19	designed	design	VERB
taxlaw-2830	8	20	in	in	ADP
taxlaw-2830	8	21	a	a	DET
taxlaw-2830	8	22	way	way	NOUN
taxlaw-2830	8	23	that	that	PRON
taxlaw-2830	8	24	best	good	ADJ
taxlaw-2830	8	25	comports	comport	VERB
taxlaw-2830	8	26	with	with	ADP
taxlaw-2830	8	27	these	these	DET
taxlaw-2830	8	28	potential	potential	ADJ
taxlaw-2830	8	29	justifications	justification	NOUN
taxlaw-2830	8	30	.	.	PUNCT
taxlaw-2830	9	1	therefore	therefore	ADV
taxlaw-2830	9	2	,	,	PUNCT
taxlaw-2830	9	3	reform	reform	NOUN
taxlaw-2830	9	4	is	be	AUX
taxlaw-2830	9	5	needed	need	VERB
taxlaw-2830	9	6	.	.	PUNCT
taxlaw-2830	10	1	to	to	PART
taxlaw-2830	10	2	reform	reform	VERB
taxlaw-2830	10	3	the	the	DET
taxlaw-2830	10	4	current	current	ADJ
taxlaw-2830	10	5	system	system	NOUN
taxlaw-2830	10	6	,	,	PUNCT
taxlaw-2830	10	7	this	this	DET
taxlaw-2830	10	8	article	article	NOUN
taxlaw-2830	10	9	proposes	propose	VERB
taxlaw-2830	10	10	narrowing	narrow	VERB
taxlaw-2830	10	11	the	the	DET
taxlaw-2830	10	12	scope	scope	NOUN
taxlaw-2830	10	13	of	of	ADP
taxlaw-2830	10	14	what	what	PRON
taxlaw-2830	10	15	may	may	AUX
taxlaw-2830	10	16	be	be	AUX
taxlaw-2830	10	17	classified	classify	VERB
taxlaw-2830	10	18	as	as	ADP
taxlaw-2830	10	19	qualifying	qualify	VERB
taxlaw-2830	10	20	income	income	NOUN
taxlaw-2830	10	21	so	so	SCONJ
taxlaw-2830	10	22	that	that	SCONJ
taxlaw-2830	10	23	special	special	ADJ
taxlaw-2830	10	24	tax	tax	NOUN
taxlaw-2830	10	25	treatment	treatment	NOUN
taxlaw-2830	10	26	is	be	AUX
taxlaw-2830	10	27	bestowed	bestow	VERB
taxlaw-2830	10	28	upon	upon	SCONJ
taxlaw-2830	10	29	publicly	publicly	ADV
taxlaw-2830	10	30	traded	trade	VERB
taxlaw-2830	10	31	entities	entity	NOUN
taxlaw-2830	10	32	only	only	ADV
taxlaw-2830	10	33	when	when	SCONJ
taxlaw-2830	10	34	warranted	warrant	VERB
taxlaw-2830	10	35	by	by	ADP
taxlaw-2830	10	36	underlying	underlie	VERB
taxlaw-2830	10	37	policy	policy	NOUN
taxlaw-2830	10	38	justifications	justification	NOUN
taxlaw-2830	10	39	.	.	PUNCT
taxlaw-2830	11	1	specifically	specifically	ADV
taxlaw-2830	11	2	,	,	PUNCT
taxlaw-2830	11	3	this	this	DET
taxlaw-2830	11	4	article	article	NOUN
taxlaw-2830	11	5	proposes	propose	VERB
taxlaw-2830	11	6	that	that	DET
taxlaw-2830	11	7	income	income	NOUN
taxlaw-2830	11	8	that	that	PRON
taxlaw-2830	11	9	is	be	AUX
taxlaw-2830	11	10	classified	classify	VERB
taxlaw-2830	11	11	as	as	ADP
taxlaw-2830	11	12	qualifying	qualify	VERB
taxlaw-2830	11	13	income	income	NOUN
taxlaw-2830	11	14	under	under	ADP
taxlaw-2830	11	15	current	current	ADJ
taxlaw-2830	11	16	law	law	NOUN
taxlaw-2830	11	17	should	should	AUX
taxlaw-2830	11	18	not	not	PART
taxlaw-2830	11	19	be	be	AUX
taxlaw-2830	11	20	classified	classify	VERB
taxlaw-2830	11	21	in	in	ADP
taxlaw-2830	11	22	that	that	DET
taxlaw-2830	11	23	manner	manner	NOUN
taxlaw-2830	11	24	unless	unless	SCONJ
taxlaw-2830	11	25	it	it	PRON
taxlaw-2830	11	26	is	be	AUX
taxlaw-2830	11	27	earned	earn	VERB
taxlaw-2830	11	28	by	by	ADP
taxlaw-2830	11	29	holding	hold	VERB
taxlaw-2830	11	30	a	a	DET
taxlaw-2830	11	31	publicly	publicly	ADV
taxlaw-2830	11	32	traded	trade	VERB
taxlaw-2830	11	33	asset	asset	NOUN
taxlaw-2830	11	34	.	.	PUNCT
taxlaw-2830	12	1	in	in	ADP
taxlaw-2830	12	2	addition	addition	NOUN
taxlaw-2830	12	3	,	,	PUNCT
taxlaw-2830	12	4	current	current	ADJ
taxlaw-2830	12	5	law	law	NOUN
taxlaw-2830	12	6	grants	grant	VERB
taxlaw-2830	12	7	favorable	favorable	ADJ
taxlaw-2830	12	8	treatment	treatment	NOUN
taxlaw-2830	12	9	to	to	ADP
taxlaw-2830	12	10	all	all	DET
taxlaw-2830	12	11	income	income	NOUN
taxlaw-2830	12	12	earned	earn	VERB
taxlaw-2830	12	13	by	by	ADP
taxlaw-2830	12	14	a	a	DET
taxlaw-2830	12	15	publicly	publicly	ADV
taxlaw-2830	12	16	traded	trade	VERB
taxlaw-2830	12	17	entity	entity	NOUN
taxlaw-2830	12	18	if	if	SCONJ
taxlaw-2830	12	19	and	and	CCONJ
taxlaw-2830	12	20	only	only	ADV
taxlaw-2830	12	21	if	if	SCONJ
taxlaw-2830	12	22	the	the	DET
taxlaw-2830	12	23	entity	entity	NOUN
taxlaw-2830	12	24	earns	earn	VERB
taxlaw-2830	12	25	predominately	predominately	ADV
taxlaw-2830	12	26	qualifying	qualify	VERB
taxlaw-2830	12	27	income	income	NOUN
taxlaw-2830	12	28	.	.	PUNCT
taxlaw-2830	13	1	this	this	DET
taxlaw-2830	13	2	article	article	NOUN
taxlaw-2830	13	3	assesses	assess	VERB
taxlaw-2830	13	4	whether	whether	SCONJ
taxlaw-2830	13	5	tax	tax	NOUN
taxlaw-2830	13	6	law	law	NOUN
taxlaw-2830	13	7	should	should	AUX
taxlaw-2830	13	8	,	,	PUNCT
taxlaw-2830	13	9	instead	instead	ADV
taxlaw-2830	13	10	,	,	PUNCT
taxlaw-2830	13	11	grant	grant	VERB
taxlaw-2830	13	12	special	special	ADJ
taxlaw-2830	13	13	tax	tax	NOUN
taxlaw-2830	13	14	treatment	treatment	NOUN
taxlaw-2830	13	15	to	to	ADP
taxlaw-2830	13	16	only	only	ADV
taxlaw-2830	13	17	qualifying	qualify	VERB
taxlaw-2830	13	18	income	income	NOUN
taxlaw-2830	13	19	earned	earn	VERB
taxlaw-2830	13	20	by	by	ADP
taxlaw-2830	13	21	a	a	DET
taxlaw-2830	13	22	publicly	publicly	ADV
taxlaw-2830	13	23	traded	trade	VERB
taxlaw-2830	13	24	entity	entity	NOUN
taxlaw-2830	13	25	,	,	PUNCT
taxlaw-2830	13	26	but	but	CCONJ
taxlaw-2830	13	27	with	with	ADP
taxlaw-2830	13	28	the	the	DET
taxlaw-2830	13	29	special	special	ADJ
taxlaw-2830	13	30	treatment	treatment	NOUN
taxlaw-2830	13	31	applying	apply	VERB
taxlaw-2830	13	32	regardless	regardless	ADV
taxlaw-2830	13	33	of	of	ADP
taxlaw-2830	13	34	whether	whether	SCONJ
taxlaw-2830	13	35	the	the	DET
taxlaw-2830	13	36	entity	entity	NOUN
taxlaw-2830	13	37	earns	earn	VERB
taxlaw-2830	13	38	predominately	predominately	ADV
taxlaw-2830	13	39	qualifying	qualify	VERB
taxlaw-2830	13	40	income	income	NOUN
taxlaw-2830	13	41	.	.	PUNCT
taxlaw-2830	14	1	ultimately	ultimately	ADV
taxlaw-2830	14	2	,	,	PUNCT
taxlaw-2830	14	3	this	this	DET
taxlaw-2830	14	4	article	article	NOUN
taxlaw-2830	14	5	concludes	conclude	VERB
taxlaw-2830	14	6	that	that	SCONJ
taxlaw-2830	14	7	,	,	PUNCT
taxlaw-2830	14	8	on	on	ADP
taxlaw-2830	14	9	balance	balance	NOUN
taxlaw-2830	14	10	,	,	PUNCT
taxlaw-2830	14	11	concerns	concern	NOUN
taxlaw-2830	14	12	about	about	ADP
taxlaw-2830	14	13	complexity	complexity	NOUN
taxlaw-2830	14	14	justify	justify	VERB
taxlaw-2830	14	15	continuation	continuation	NOUN
taxlaw-2830	14	16	of	of	ADP
taxlaw-2830	14	17	a	a	DET
taxlaw-2830	14	18	regime	regime	NOUN
taxlaw-2830	14	19	under	under	ADP
taxlaw-2830	14	20	which	which	PRON
taxlaw-2830	14	21	beneficial	beneficial	ADJ
taxlaw-2830	14	22	treatment	treatment	NOUN
taxlaw-2830	14	23	applies	apply	VERB
taxlaw-2830	14	24	to	to	ADP
taxlaw-2830	14	25	all	all	DET
taxlaw-2830	14	26	income	income	NOUN
taxlaw-2830	14	27	earned	earn	VERB
taxlaw-2830	14	28	by	by	ADP
taxlaw-2830	14	29	a	a	DET
taxlaw-2830	14	30	publicly	publicly	ADV
taxlaw-2830	14	31	traded	trade	VERB
taxlaw-2830	14	32	entity	entity	NOUN
taxlaw-2830	14	33	if	if	SCONJ
taxlaw-2830	14	34	and	and	CCONJ
taxlaw-2830	14	35	only	only	ADV
taxlaw-2830	14	36	if	if	SCONJ
taxlaw-2830	14	37	the	the	DET
taxlaw-2830	14	38	entity	entity	NOUN
taxlaw-2830	14	39	earns	earn	VERB
taxlaw-2830	14	40	predominately	predominately	ADV
taxlaw-2830	14	41	qualifying	qualify	VERB
taxlaw-2830	14	42	income	income	NOUN
taxlaw-2830	14	43	,	,	PUNCT
taxlaw-2830	14	44	provided	provide	VERB
taxlaw-2830	14	45	that	that	SCONJ
taxlaw-2830	14	46	the	the	DET
taxlaw-2830	14	47	scope	scope	NOUN
taxlaw-2830	14	48	of	of	ADP
taxlaw-2830	14	49	what	what	PRON
taxlaw-2830	14	50	may	may	AUX
taxlaw-2830	14	51	be	be	AUX
taxlaw-2830	14	52	classified	classify	VERB
taxlaw-2830	14	53	as	as	ADP
taxlaw-2830	14	54	qualifying	qualify	VERB
taxlaw-2830	14	55	income	income	NOUN
taxlaw-2830	14	56	is	be	AUX
taxlaw-2830	14	57	narrowed	narrow	VERB
taxlaw-2830	14	58	in	in	ADP
taxlaw-2830	14	59	the	the	DET
taxlaw-2830	14	60	manner	manner	NOUN
taxlaw-2830	14	61	proposed	propose	VERB
taxlaw-2830	14	62	by	by	ADP
taxlaw-2830	14	63	this	this	DET
taxlaw-2830	14	64	article	article	NOUN
taxlaw-2830	14	65	.	.	PUNCT
taxlaw-2830	15	1	columbia	columbia	PROPN
taxlaw-2830	15	2	journal	journal	PROPN
taxlaw-2830	15	3	of	of	ADP
taxlaw-2830	15	4	tax	tax	NOUN
taxlaw-2830	15	5	law	law	NOUN
taxlaw-2830	16	1	[	[	X
taxlaw-2830	16	2	vol.6:147	vol.6:147	PROPN
taxlaw-2830	16	3	148	148	NUM
taxlaw-2830	16	4	i.	i.	NOUN
taxlaw-2830	16	5	introduction	introduction	NOUN
taxlaw-2830	16	6	............................................................................................	............................................................................................	PUNCT
taxlaw-2830	16	7	149	149	NUM
taxlaw-2830	16	8	ii	ii	NOUN
taxlaw-2830	16	9	.	.	PUNCT
taxlaw-2830	17	1	current	current	ADJ
taxlaw-2830	17	2	taxation	taxation	NOUN
taxlaw-2830	17	3	of	of	ADP
taxlaw-2830	17	4	publicly	publicly	ADV
taxlaw-2830	17	5	traded	trade	VERB
taxlaw-2830	17	6	entities	entity	NOUN
taxlaw-2830	17	7	.........................	.........................	PUNCT
taxlaw-2830	17	8	152	152	NUM
taxlaw-2830	17	9	a.	a.	NOUN
taxlaw-2830	17	10	exempt	exempt	ADJ
taxlaw-2830	17	11	publicly	publicly	ADV
taxlaw-2830	17	12	traded	trade	VERB
taxlaw-2830	17	13	partnerships	partnership	NOUN
taxlaw-2830	17	14	...........................................................	...........................................................	PUNCT
taxlaw-2830	17	15	153	153	NUM
taxlaw-2830	17	16	b.	b.	PROPN
taxlaw-2830	17	17	real	real	ADJ
taxlaw-2830	17	18	estate	estate	NOUN
taxlaw-2830	17	19	investment	investment	NOUN
taxlaw-2830	17	20	trusts	trust	NOUN
taxlaw-2830	17	21	......................................................................	......................................................................	PUNCT
taxlaw-2830	17	22	154	154	NUM
taxlaw-2830	17	23	c.	c.	PROPN
taxlaw-2830	17	24	recent	recent	ADJ
taxlaw-2830	17	25	expansion	expansion	NOUN
taxlaw-2830	17	26	of	of	ADP
taxlaw-2830	17	27	exempt	exempt	ADJ
taxlaw-2830	17	28	publicly	publicly	ADV
taxlaw-2830	17	29	traded	trade	VERB
taxlaw-2830	17	30	partnerships	partnership	NOUN
taxlaw-2830	17	31	and	and	CCONJ
taxlaw-2830	17	32	real	real	ADJ
taxlaw-2830	17	33	estate	estate	NOUN
taxlaw-2830	17	34	investment	investment	NOUN
taxlaw-2830	17	35	trusts	trust	NOUN
taxlaw-2830	17	36	.......................................................................................	.......................................................................................	PUNCT
taxlaw-2830	17	37	155	155	NUM
taxlaw-2830	17	38	iii	iii	NOUN
taxlaw-2830	17	39	.	.	PUNCT
taxlaw-2830	17	40	potential	potential	ADJ
taxlaw-2830	17	41	justifications	justification	NOUN
taxlaw-2830	17	42	for	for	ADP
taxlaw-2830	17	43	current	current	ADJ
taxlaw-2830	17	44	taxation	taxation	NOUN
taxlaw-2830	17	45	of	of	ADP
taxlaw-2830	17	46	publicly	publicly	ADV
taxlaw-2830	17	47	traded	trade	VERB
taxlaw-2830	17	48	entities	entity	NOUN
taxlaw-2830	17	49	........................................................................................	........................................................................................	PUNCT
taxlaw-2830	18	1	162	162	NUM
taxlaw-2830	18	2	a.	a.	NOUN
taxlaw-2830	18	3	why	why	SCONJ
taxlaw-2830	18	4	public	public	ADJ
taxlaw-2830	18	5	trading	trading	NOUN
taxlaw-2830	18	6	?	?	PUNCT
taxlaw-2830	18	7	..................................................................................	..................................................................................	PUNCT
taxlaw-2830	19	1	162	162	NUM
taxlaw-2830	19	2	b.	b.	NOUN
taxlaw-2830	19	3	why	why	SCONJ
taxlaw-2830	19	4	qualifying	qualify	VERB
taxlaw-2830	19	5	income	income	NOUN
taxlaw-2830	19	6	?	?	PUNCT
taxlaw-2830	19	7	............................................................................	............................................................................	PUNCT
taxlaw-2830	20	1	164	164	NUM
taxlaw-2830	20	2	iv	iv	NOUN
taxlaw-2830	20	3	.	.	PUNCT
taxlaw-2830	20	4	troubling	troubling	ADJ
taxlaw-2830	20	5	aspects	aspect	NOUN
taxlaw-2830	20	6	of	of	ADP
taxlaw-2830	20	7	current	current	ADJ
taxlaw-2830	20	8	taxation	taxation	NOUN
taxlaw-2830	20	9	of	of	ADP
taxlaw-2830	20	10	publicly	publicly	ADV
taxlaw-2830	20	11	traded	trade	VERB
taxlaw-2830	20	12	entities	entity	NOUN
taxlaw-2830	20	13	........................................................................................................	........................................................................................................	PUNCT
taxlaw-2830	21	1	168	168	NUM
taxlaw-2830	21	2	a.	a.	NOUN
taxlaw-2830	21	3	overly	overly	ADV
taxlaw-2830	21	4	broad	broad	ADJ
taxlaw-2830	21	5	definition	definition	NOUN
taxlaw-2830	21	6	of	of	ADP
taxlaw-2830	21	7	qualifying	qualify	VERB
taxlaw-2830	21	8	income	income	NOUN
taxlaw-2830	21	9	.............................................	.............................................	PUNCT
taxlaw-2830	21	10	169	169	NUM
taxlaw-2830	21	11	b.	b.	PROPN
taxlaw-2830	21	12	arbitrariness	arbitrariness	NOUN
taxlaw-2830	21	13	..............................................................................................	..............................................................................................	PUNCT
taxlaw-2830	21	14	171	171	NUM
taxlaw-2830	21	15	c.	c.	NOUN
taxlaw-2830	21	16	manipulability	manipulability	PROPN
taxlaw-2830	21	17	............................................................................................	............................................................................................	PUNCT
taxlaw-2830	22	1	173	173	NUM
taxlaw-2830	22	2	v.	v.	ADP
taxlaw-2830	22	3	proposed	propose	VERB
taxlaw-2830	22	4	reforms	reform	NOUN
taxlaw-2830	22	5	...................................................................................	...................................................................................	PUNCT
taxlaw-2830	23	1	173	173	NUM
taxlaw-2830	23	2	a.	a.	NOUN
taxlaw-2830	23	3	the	the	DET
taxlaw-2830	23	4	proposed	propose	VERB
taxlaw-2830	23	5	reforms	reform	NOUN
taxlaw-2830	23	6	better	well	ADV
taxlaw-2830	23	7	guard	guard	VERB
taxlaw-2830	23	8	against	against	ADP
taxlaw-2830	23	9	easy	easy	ADJ
taxlaw-2830	23	10	manipulation	manipulation	NOUN
taxlaw-2830	23	11	by	by	ADP
taxlaw-2830	23	12	taxpayers	taxpayer	NOUN
taxlaw-2830	23	13	...	...	PUNCT
taxlaw-2830	23	14	............................................................................................................	............................................................................................................	PUNCT
taxlaw-2830	24	1	176	176	NUM
taxlaw-2830	24	2	b.	b.	NOUN
taxlaw-2830	24	3	should	should	AUX
taxlaw-2830	24	4	the	the	DET
taxlaw-2830	24	5	rules	rule	NOUN
taxlaw-2830	24	6	also	also	ADV
taxlaw-2830	24	7	be	be	AUX
taxlaw-2830	24	8	made	make	VERB
taxlaw-2830	24	9	less	less	ADV
taxlaw-2830	24	10	arbitrary	arbitrary	ADJ
taxlaw-2830	24	11	?	?	PUNCT
taxlaw-2830	25	1	.........................................	.........................................	PUNCT
taxlaw-2830	26	1	178	178	NUM
taxlaw-2830	26	2	1	1	NUM
taxlaw-2830	26	3	.	.	PUNCT
taxlaw-2830	27	1	how	how	SCONJ
taxlaw-2830	27	2	to	to	PART
taxlaw-2830	27	3	implement	implement	VERB
taxlaw-2830	27	4	an	an	DET
taxlaw-2830	27	5	alternative	alternative	ADJ
taxlaw-2830	27	6	regime	regime	NOUN
taxlaw-2830	27	7	...............................................	...............................................	PUNCT
taxlaw-2830	28	1	179	179	NUM
taxlaw-2830	28	2	2	2	NUM
taxlaw-2830	28	3	.	.	PUNCT
taxlaw-2830	29	1	the	the	DET
taxlaw-2830	29	2	new	new	ADJ
taxlaw-2830	29	3	regime	regime	NOUN
taxlaw-2830	29	4	would	would	AUX
taxlaw-2830	29	5	not	not	PART
taxlaw-2830	29	6	necessarily	necessarily	ADV
taxlaw-2830	29	7	eliminate	eliminate	VERB
taxlaw-2830	29	8	the	the	DET
taxlaw-2830	29	9	negative	negative	ADJ
taxlaw-2830	29	10	effects	effect	NOUN
taxlaw-2830	29	11	of	of	ADP
taxlaw-2830	29	12	arbitrariness	arbitrariness	NOUN
taxlaw-2830	29	13	........................................................................................	........................................................................................	PUNCT
taxlaw-2830	29	14	180	180	NUM
taxlaw-2830	29	15	3	3	NUM
taxlaw-2830	29	16	.	.	PUNCT
taxlaw-2830	30	1	the	the	DET
taxlaw-2830	30	2	new	new	ADJ
taxlaw-2830	30	3	definition	definition	NOUN
taxlaw-2830	30	4	of	of	ADP
taxlaw-2830	30	5	qualifying	qualify	VERB
taxlaw-2830	30	6	income	income	NOUN
taxlaw-2830	30	7	partially	partially	ADV
taxlaw-2830	30	8	mitigates	mitigate	VERB
taxlaw-2830	30	9	the	the	DET
taxlaw-2830	30	10	negative	negative	ADJ
taxlaw-2830	30	11	effects	effect	NOUN
taxlaw-2830	30	12	of	of	ADP
taxlaw-2830	30	13	arbitrariness	arbitrariness	NOUN
taxlaw-2830	30	14	.........................................................................	.........................................................................	PUNCT
taxlaw-2830	30	15	180	180	NUM
taxlaw-2830	30	16	vi	vi	NOUN
taxlaw-2830	30	17	.	.	PUNCT
taxlaw-2830	30	18	conclusion	conclusion	NOUN
taxlaw-2830	30	19	................................................................................................	................................................................................................	PUNCT
taxlaw-2830	31	1	181	181	NUM
taxlaw-2830	31	2	2015	2015	NUM
taxlaw-2830	31	3	]	]	PUNCT
taxlaw-2830	31	4	taxing	tax	VERB
taxlaw-2830	31	5	publicly	publicly	ADV
taxlaw-2830	31	6	traded	trade	VERB
taxlaw-2830	31	7	entities	entity	NOUN
taxlaw-2830	31	8	149	149	NUM
taxlaw-2830	31	9	i.	i.	NOUN
taxlaw-2830	31	10	introduction	introduction	NOUN
taxlaw-2830	31	11	publicly	publicly	ADV
taxlaw-2830	31	12	traded	trade	VERB
taxlaw-2830	31	13	entities	entity	NOUN
taxlaw-2830	31	14	are	be	AUX
taxlaw-2830	31	15	generally	generally	ADV
taxlaw-2830	31	16	treated	treat	VERB
taxlaw-2830	31	17	as	as	ADP
taxlaw-2830	31	18	corporations	corporation	NOUN
taxlaw-2830	31	19	for	for	ADP
taxlaw-2830	31	20	tax	tax	NOUN
taxlaw-2830	31	21	purposes	purpose	NOUN
taxlaw-2830	31	22	.	.	PUNCT
taxlaw-2830	32	1	under	under	ADP
taxlaw-2830	32	2	various	various	ADJ
taxlaw-2830	32	3	exceptions	exception	NOUN
taxlaw-2830	32	4	,	,	PUNCT
taxlaw-2830	32	5	however	however	ADV
taxlaw-2830	32	6	,	,	PUNCT
taxlaw-2830	32	7	publicly	publicly	ADV
taxlaw-2830	32	8	traded	trade	VERB
taxlaw-2830	32	9	entities	entity	NOUN
taxlaw-2830	32	10	may	may	AUX
taxlaw-2830	32	11	obtain	obtain	VERB
taxlaw-2830	32	12	special	special	ADJ
taxlaw-2830	32	13	treatment	treatment	NOUN
taxlaw-2830	32	14	if	if	SCONJ
taxlaw-2830	32	15	they	they	PRON
taxlaw-2830	32	16	earn	earn	VERB
taxlaw-2830	32	17	predominately	predominately	ADV
taxlaw-2830	32	18	certain	certain	ADJ
taxlaw-2830	32	19	specified	specify	VERB
taxlaw-2830	32	20	types	type	NOUN
taxlaw-2830	32	21	of	of	ADP
taxlaw-2830	32	22	qualifying	qualify	VERB
taxlaw-2830	32	23	income	income	NOUN
taxlaw-2830	32	24	.	.	PUNCT
taxlaw-2830	33	1	1	1	NUM
taxlaw-2830	33	2	recently	recently	ADV
taxlaw-2830	33	3	,	,	PUNCT
taxlaw-2830	33	4	the	the	DET
taxlaw-2830	33	5	use	use	NOUN
taxlaw-2830	33	6	of	of	ADP
taxlaw-2830	33	7	sophisticated	sophisticated	ADJ
taxlaw-2830	33	8	tax	tax	NOUN
taxlaw-2830	33	9	structuring	structuring	NOUN
taxlaw-2830	33	10	techniques	technique	NOUN
taxlaw-2830	33	11	has	have	AUX
taxlaw-2830	33	12	precipitated	precipitate	VERB
taxlaw-2830	33	13	an	an	DET
taxlaw-2830	33	14	expansion	expansion	NOUN
taxlaw-2830	33	15	in	in	ADP
taxlaw-2830	33	16	the	the	DET
taxlaw-2830	33	17	universe	universe	NOUN
taxlaw-2830	33	18	of	of	ADP
taxlaw-2830	33	19	entities	entity	NOUN
taxlaw-2830	33	20	that	that	PRON
taxlaw-2830	33	21	obtain	obtain	VERB
taxlaw-2830	33	22	special	special	ADJ
taxlaw-2830	33	23	tax	tax	NOUN
taxlaw-2830	33	24	treatment	treatment	NOUN
taxlaw-2830	33	25	.	.	PUNCT
taxlaw-2830	34	1	this	this	DET
taxlaw-2830	34	2	phenomenon	phenomenon	NOUN
taxlaw-2830	34	3	has	have	AUX
taxlaw-2830	34	4	caught	catch	VERB
taxlaw-2830	34	5	the	the	DET
taxlaw-2830	34	6	attention	attention	NOUN
taxlaw-2830	34	7	of	of	ADP
taxlaw-2830	34	8	the	the	DET
taxlaw-2830	34	9	popular	popular	ADJ
taxlaw-2830	34	10	press	press	NOUN
taxlaw-2830	34	11	.	.	PUNCT
taxlaw-2830	35	1	on	on	ADP
taxlaw-2830	35	2	august	august	PROPN
taxlaw-2830	35	3	9	9	NUM
taxlaw-2830	35	4	,	,	PUNCT
taxlaw-2830	35	5	2014	2014	NUM
taxlaw-2830	35	6	,	,	PUNCT
taxlaw-2830	35	7	for	for	ADP
taxlaw-2830	35	8	instance	instance	NOUN
taxlaw-2830	35	9	,	,	PUNCT
taxlaw-2830	35	10	the	the	DET
taxlaw-2830	35	11	new	new	PROPN
taxlaw-2830	35	12	york	york	PROPN
taxlaw-2830	35	13	times	times	PROPN
taxlaw-2830	35	14	published	publish	VERB
taxlaw-2830	35	15	an	an	DET
taxlaw-2830	35	16	article	article	NOUN
taxlaw-2830	35	17	,	,	PUNCT
taxlaw-2830	35	18	―a	―a	PROPN
taxlaw-2830	35	19	corporate	corporate	ADJ
taxlaw-2830	35	20	tax	tax	NOUN
taxlaw-2830	35	21	break	break	NOUN
taxlaw-2830	35	22	that‘s	that‘s	NOUN
taxlaw-2830	35	23	closer	close	ADV
taxlaw-2830	35	24	to	to	ADP
taxlaw-2830	35	25	home,‖	home,‖	PROPN
taxlaw-2830	35	26	highlighting	highlight	VERB
taxlaw-2830	35	27	a	a	DET
taxlaw-2830	35	28	recent	recent	ADJ
taxlaw-2830	35	29	trend	trend	NOUN
taxlaw-2830	35	30	--	--	PUNCT
taxlaw-2830	35	31	a	a	DET
taxlaw-2830	35	32	growing	grow	VERB
taxlaw-2830	35	33	number	number	NOUN
taxlaw-2830	35	34	of	of	ADP
taxlaw-2830	35	35	businesses	business	NOUN
taxlaw-2830	35	36	reduce	reduce	VERB
taxlaw-2830	35	37	their	their	PRON
taxlaw-2830	35	38	tax	tax	NOUN
taxlaw-2830	35	39	liability	liability	NOUN
taxlaw-2830	35	40	by	by	ADP
taxlaw-2830	35	41	organizing	organize	VERB
taxlaw-2830	35	42	themselves	themselves	PRON
taxlaw-2830	35	43	as	as	ADP
taxlaw-2830	35	44	real	real	ADJ
taxlaw-2830	35	45	estate	estate	NOUN
taxlaw-2830	35	46	investment	investment	NOUN
taxlaw-2830	35	47	trusts	trust	NOUN
taxlaw-2830	35	48	(	(	PUNCT
taxlaw-2830	35	49	―reits‖	―reits‖	PROPN
taxlaw-2830	35	50	)	)	PUNCT
taxlaw-2830	35	51	.	.	PUNCT
taxlaw-2830	36	1	2	2	NUM
taxlaw-2830	36	2	likewise	likewise	ADV
taxlaw-2830	36	3	,	,	PUNCT
taxlaw-2830	36	4	on	on	ADP
taxlaw-2830	36	5	april	april	PROPN
taxlaw-2830	36	6	22	22	NUM
taxlaw-2830	36	7	,	,	PUNCT
taxlaw-2830	36	8	2013	2013	NUM
taxlaw-2830	36	9	,	,	PUNCT
taxlaw-2830	36	10	an	an	DET
taxlaw-2830	36	11	article	article	NOUN
taxlaw-2830	36	12	titled	title	VERB
taxlaw-2830	36	13	―restyled	―restyle	VERB
taxlaw-2830	36	14	as	as	ADP
taxlaw-2830	36	15	real	real	ADJ
taxlaw-2830	36	16	estate	estate	NOUN
taxlaw-2830	36	17	trusts	trust	NOUN
taxlaw-2830	36	18	,	,	PUNCT
taxlaw-2830	36	19	varied	varied	ADJ
taxlaw-2830	36	20	businesses	business	NOUN
taxlaw-2830	36	21	avoid	avoid	VERB
taxlaw-2830	36	22	taxes‖	taxes‖	PRON
taxlaw-2830	36	23	occupied	occupy	VERB
taxlaw-2830	36	24	the	the	DET
taxlaw-2830	36	25	front	front	ADJ
taxlaw-2830	36	26	page	page	NOUN
taxlaw-2830	36	27	of	of	ADP
taxlaw-2830	36	28	the	the	DET
taxlaw-2830	36	29	new	new	PROPN
taxlaw-2830	36	30	york	york	PROPN
taxlaw-2830	36	31	times	times	PROPN
taxlaw-2830	36	32	.	.	PUNCT
taxlaw-2830	37	1	3	3	NUM
taxlaw-2830	37	2	the	the	DET
taxlaw-2830	37	3	article	article	NOUN
taxlaw-2830	37	4	contained	contain	VERB
taxlaw-2830	37	5	additional	additional	ADJ
taxlaw-2830	37	6	discussion	discussion	NOUN
taxlaw-2830	37	7	of	of	ADP
taxlaw-2830	37	8	this	this	DET
taxlaw-2830	37	9	recent	recent	ADJ
taxlaw-2830	37	10	trend	trend	NOUN
taxlaw-2830	37	11	.	.	PUNCT
taxlaw-2830	37	12	4	4	NUM
taxlaw-2830	37	13	although	although	SCONJ
taxlaw-2830	37	14	businesses	business	NOUN
taxlaw-2830	37	15	that	that	PRON
taxlaw-2830	37	16	primarily	primarily	ADV
taxlaw-2830	37	17	earn	earn	VERB
taxlaw-2830	37	18	income	income	NOUN
taxlaw-2830	37	19	from	from	ADP
taxlaw-2830	37	20	real	real	ADJ
taxlaw-2830	37	21	estate	estate	NOUN
taxlaw-2830	37	22	have	have	AUX
taxlaw-2830	37	23	long	long	ADV
taxlaw-2830	37	24	been	be	AUX
taxlaw-2830	37	25	formed	form	VERB
taxlaw-2830	37	26	as	as	ADP
taxlaw-2830	37	27	reits	reit	NOUN
taxlaw-2830	37	28	,	,	PUNCT
taxlaw-2830	37	29	increasingly	increasingly	ADV
taxlaw-2830	37	30	businesses	business	NOUN
taxlaw-2830	37	31	that	that	PRON
taxlaw-2830	37	32	have	have	VERB
taxlaw-2830	37	33	earnings	earning	NOUN
taxlaw-2830	37	34	other	other	ADJ
taxlaw-2830	37	35	than	than	ADP
taxlaw-2830	37	36	traditional	traditional	ADJ
taxlaw-2830	37	37	real	real	ADJ
taxlaw-2830	37	38	estate	estate	NOUN
taxlaw-2830	37	39	income	income	NOUN
taxlaw-2830	37	40	make	make	VERB
taxlaw-2830	37	41	use	use	NOUN
taxlaw-2830	37	42	of	of	ADP
taxlaw-2830	37	43	the	the	DET
taxlaw-2830	37	44	tax	tax	NOUN
taxlaw-2830	37	45	benefits	benefit	NOUN
taxlaw-2830	37	46	of	of	ADP
taxlaw-2830	37	47	the	the	DET
taxlaw-2830	37	48	reit	reit	NOUN
taxlaw-2830	37	49	structure	structure	NOUN
taxlaw-2830	37	50	.	.	PUNCT
taxlaw-2830	38	1	5	5	NUM
taxlaw-2830	38	2	the	the	DET
taxlaw-2830	38	3	new	new	PROPN
taxlaw-2830	38	4	york	york	PROPN
taxlaw-2830	38	5	times	times	PROPN
taxlaw-2830	38	6	article	article	NOUN
taxlaw-2830	38	7	from	from	ADP
taxlaw-2830	38	8	april	april	PROPN
taxlaw-2830	38	9	mentioned	mention	VERB
taxlaw-2830	38	10	several	several	ADJ
taxlaw-2830	38	11	examples	example	NOUN
taxlaw-2830	38	12	of	of	ADP
taxlaw-2830	38	13	this	this	DET
taxlaw-2830	38	14	new	new	ADJ
taxlaw-2830	38	15	generation	generation	NOUN
taxlaw-2830	38	16	of	of	ADP
taxlaw-2830	38	17	reits	reit	NOUN
taxlaw-2830	38	18	,	,	PUNCT
taxlaw-2830	38	19	including	include	VERB
taxlaw-2830	38	20	a	a	DET
taxlaw-2830	38	21	company	company	NOUN
taxlaw-2830	38	22	that	that	PRON
taxlaw-2830	38	23	owns	own	VERB
taxlaw-2830	38	24	and	and	CCONJ
taxlaw-2830	38	25	operates	operate	VERB
taxlaw-2830	38	26	prisons	prison	NOUN
taxlaw-2830	38	27	and	and	CCONJ
taxlaw-2830	38	28	a	a	DET
taxlaw-2830	38	29	company	company	NOUN
taxlaw-2830	38	30	that	that	PRON
taxlaw-2830	38	31	owns	own	VERB
taxlaw-2830	38	32	casinos	casino	NOUN
taxlaw-2830	38	33	.	.	PUNCT
taxlaw-2830	39	1	likewise	likewise	ADV
taxlaw-2830	39	2	,	,	PUNCT
taxlaw-2830	39	3	the	the	DET
taxlaw-2830	39	4	wall	wall	PROPN
taxlaw-2830	39	5	street	street	PROPN
taxlaw-2830	39	6	journal	journal	PROPN
taxlaw-2830	39	7	published	publish	VERB
taxlaw-2830	39	8	an	an	DET
taxlaw-2830	39	9	article	article	NOUN
taxlaw-2830	39	10	,	,	PUNCT
taxlaw-2830	39	11	―more	―more	SCONJ
taxlaw-2830	39	12	firms	firm	NOUN
taxlaw-2830	39	13	enjoy	enjoy	VERB
taxlaw-2830	39	14	tax	tax	NOUN
taxlaw-2830	39	15	free	free	ADJ
taxlaw-2830	39	16	status,‖	status,‖	PROPN
taxlaw-2830	39	17	on	on	ADP
taxlaw-2830	39	18	january	january	PROPN
taxlaw-2830	39	19	10	10	NUM
taxlaw-2830	39	20	,	,	PUNCT
taxlaw-2830	39	21	2012	2012	NUM
taxlaw-2830	39	22	.	.	PUNCT
taxlaw-2830	40	1	that	that	DET
taxlaw-2830	40	2	article	article	NOUN
taxlaw-2830	40	3	featured	feature	VERB
taxlaw-2830	40	4	another	another	DET
taxlaw-2830	40	5	current	current	ADJ
taxlaw-2830	40	6	development	development	NOUN
taxlaw-2830	40	7	--	--	PUNCT
taxlaw-2830	40	8	a	a	DET
taxlaw-2830	40	9	surge	surge	NOUN
taxlaw-2830	40	10	in	in	ADP
taxlaw-2830	40	11	the	the	DET
taxlaw-2830	40	12	number	number	NOUN
taxlaw-2830	40	13	of	of	ADP
taxlaw-2830	40	14	public	public	ADJ
taxlaw-2830	40	15	ly	ly	X
taxlaw-2830	40	16	traded	trade	VERB
taxlaw-2830	40	17	partnerships	partnership	NOUN
taxlaw-2830	40	18	that	that	PRON
taxlaw-2830	40	19	avoid	avoid	VERB
taxlaw-2830	40	20	entity	entity	NOUN
taxlaw-2830	40	21	-	-	PUNCT
taxlaw-2830	40	22	level	level	NOUN
taxlaw-2830	40	23	tax	tax	NOUN
taxlaw-2830	40	24	by	by	ADP
taxlaw-2830	40	25	predominately	predominately	ADV
taxlaw-2830	40	26	earning	earn	VERB
taxlaw-2830	40	27	certain	certain	ADJ
taxlaw-2830	40	28	types	type	NOUN
taxlaw-2830	40	29	of	of	ADP
taxlaw-2830	40	30	qualifying	qualify	VERB
taxlaw-2830	40	31	income	income	NOUN
taxlaw-2830	40	32	(	(	PUNCT
taxlaw-2830	40	33	typically	typically	ADV
taxlaw-2830	40	34	investment	investment	NOUN
taxlaw-2830	40	35	income	income	NOUN
taxlaw-2830	40	36	)	)	PUNCT
taxlaw-2830	40	37	.	.	PUNCT
taxlaw-2830	41	1	6	6	NUM
taxlaw-2830	41	2	although	although	SCONJ
taxlaw-2830	41	3	nothing	nothing	PRON
taxlaw-2830	41	4	is	be	AUX
taxlaw-2830	41	5	new	new	ADJ
taxlaw-2830	41	6	about	about	ADP
taxlaw-2830	41	7	the	the	DET
taxlaw-2830	41	8	ability	ability	NOUN
taxlaw-2830	41	9	of	of	ADP
taxlaw-2830	41	10	publicly	publicly	ADV
taxlaw-2830	41	11	traded	trade	VERB
taxlaw-2830	41	12	partnerships	partnership	NOUN
taxlaw-2830	41	13	to	to	PART
taxlaw-2830	41	14	avoid	avoid	VERB
taxlaw-2830	41	15	entity	entity	NOUN
taxlaw-2830	41	16	-	-	PUNCT
taxlaw-2830	41	17	level	level	NOUN
taxlaw-2830	41	18	tax	tax	NOUN
taxlaw-2830	41	19	when	when	SCONJ
taxlaw-2830	41	20	they	they	PRON
taxlaw-2830	41	21	mainly	mainly	ADV
taxlaw-2830	41	22	earn	earn	VERB
taxlaw-2830	41	23	investment	investment	NOUN
taxlaw-2830	41	24	income	income	NOUN
taxlaw-2830	41	25	,	,	PUNCT
taxlaw-2830	41	26	the	the	DET
taxlaw-2830	41	27	wall	wall	PROPN
taxlaw-2830	41	28	street	street	PROPN
taxlaw-2830	41	29	journal	journal	PROPN
taxlaw-2830	41	30	article	article	NOUN
taxlaw-2830	41	31	focused	focus	VERB
taxlaw-2830	41	32	on	on	ADP
taxlaw-2830	41	33	new	new	ADJ
taxlaw-2830	41	34	publicly	publicly	ADV
taxlaw-2830	41	35	traded	trade	VERB
taxlaw-2830	41	36	partnerships	partnership	NOUN
taxlaw-2830	41	37	that	that	PRON
taxlaw-2830	41	38	are	be	AUX
taxlaw-2830	41	39	decidedly	decidedly	ADV
taxlaw-2830	41	40	different	different	ADJ
taxlaw-2830	41	41	.	.	PUNCT
taxlaw-2830	42	1	unlike	unlike	ADP
taxlaw-2830	42	2	their	their	PRON
taxlaw-2830	42	3	traditional	traditional	ADJ
taxlaw-2830	42	4	counterparts	counterpart	NOUN
taxlaw-2830	42	5	,	,	PUNCT
taxlaw-2830	42	6	these	these	DET
taxlaw-2830	42	7	new	new	ADJ
taxlaw-2830	42	8	publicly	publicly	ADV
taxlaw-2830	42	9	traded	trade	VERB
taxlaw-2830	42	10	partnerships	partnership	NOUN
taxlaw-2830	42	11	manage	manage	VERB
taxlaw-2830	42	12	to	to	PART
taxlaw-2830	42	13	avoid	avoid	VERB
taxlaw-2830	42	14	entity	entity	NOUN
taxlaw-2830	42	15	level	level	NOUN
taxlaw-2830	42	16	tax	tax	NOUN
taxlaw-2830	42	17	notwithstanding	notwithstanding	ADP
taxlaw-2830	42	18	the	the	DET
taxlaw-2830	42	19	fact	fact	NOUN
taxlaw-2830	42	20	that	that	SCONJ
taxlaw-2830	42	21	they	they	PRON
taxlaw-2830	42	22	earn	earn	VERB
taxlaw-2830	42	23	substantial	substantial	ADJ
taxlaw-2830	42	24	amounts	amount	NOUN
taxlaw-2830	42	25	of	of	ADP
taxlaw-2830	42	26	non	non	ADJ
taxlaw-2830	42	27	-	-	ADJ
taxlaw-2830	42	28	qualifying	qualifying	ADJ
taxlaw-2830	42	29	income	income	NOUN
taxlaw-2830	42	30	.	.	PUNCT
taxlaw-2830	43	1	the	the	DET
taxlaw-2830	43	2	wall	wall	PROPN
taxlaw-2830	43	3	street	street	PROPN
taxlaw-2830	43	4	journal	journal	PROPN
taxlaw-2830	43	5	article	article	NOUN
taxlaw-2830	43	6	provided	provide	VERB
taxlaw-2830	43	7	several	several	ADJ
taxlaw-2830	43	8	examples	example	NOUN
taxlaw-2830	43	9	of	of	ADP
taxlaw-2830	43	10	this	this	DET
taxlaw-2830	43	11	new	new	ADJ
taxlaw-2830	43	12	breed	breed	NOUN
taxlaw-2830	43	13	of	of	ADP
taxlaw-2830	43	14	publicly	publicly	ADV
taxlaw-2830	43	15	traded	trade	VERB
taxlaw-2830	43	16	partnerships	partnership	NOUN
taxlaw-2830	43	17	,	,	PUNCT
taxlaw-2830	43	18	including	include	VERB
taxlaw-2830	43	19	a	a	DET
taxlaw-2830	43	20	publicly	publicly	ADV
taxlaw-2830	43	21	traded	trade	VERB
taxlaw-2830	43	22	firm	firm	NOUN
taxlaw-2830	43	23	that	that	PRON
taxlaw-2830	43	24	specializes	specialize	VERB
taxlaw-2830	43	25	in	in	ADP
taxlaw-2830	43	26	running	run	VERB
taxlaw-2830	43	27	cemeteries	cemetery	NOUN
taxlaw-2830	43	28	and	and	CCONJ
taxlaw-2830	43	29	publicly	publicly	ADV
taxlaw-2830	43	30	traded	trade	VERB
taxlaw-2830	43	31	1	1	NUM
taxlaw-2830	43	32	under	under	ADP
taxlaw-2830	43	33	current	current	ADJ
taxlaw-2830	43	34	law	law	NOUN
taxlaw-2830	43	35	,	,	PUNCT
taxlaw-2830	43	36	publicly	publicly	ADV
taxlaw-2830	43	37	traded	trade	VERB
taxlaw-2830	43	38	entities	entity	NOUN
taxlaw-2830	43	39	that	that	PRON
taxlaw-2830	43	40	earn	earn	VERB
taxlaw-2830	43	41	more	more	ADJ
taxlaw-2830	43	42	than	than	ADP
taxlaw-2830	43	43	a	a	DET
taxlaw-2830	43	44	small	small	ADJ
taxlaw-2830	43	45	amount	amount	NOUN
taxlaw-2830	43	46	of	of	ADP
taxlaw-2830	43	47	non	non	ADJ
taxlaw-2830	43	48	-	-	ADJ
taxlaw-2830	43	49	qualifying	qualifying	ADJ
taxlaw-2830	43	50	income	income	NOUN
taxlaw-2830	43	51	are	be	AUX
taxlaw-2830	43	52	not	not	PART
taxlaw-2830	43	53	the	the	DET
taxlaw-2830	43	54	only	only	ADJ
taxlaw-2830	43	55	types	type	NOUN
taxlaw-2830	43	56	of	of	ADP
taxlaw-2830	43	57	entities	entity	NOUN
taxlaw-2830	43	58	that	that	PRON
taxlaw-2830	43	59	are	be	AUX
taxlaw-2830	43	60	automatically	automatically	ADV
taxlaw-2830	43	61	treated	treat	VERB
taxlaw-2830	43	62	as	as	ADP
taxlaw-2830	43	63	corporations	corporation	NOUN
taxlaw-2830	43	64	for	for	ADP
taxlaw-2830	43	65	tax	tax	NOUN
taxlaw-2830	43	66	purposes	purpose	NOUN
taxlaw-2830	43	67	.	.	PUNCT
taxlaw-2830	44	1	see	see	VERB
taxlaw-2830	44	2	treas	treas	PROPN
taxlaw-2830	44	3	.	.	PUNCT
taxlaw-2830	45	1	regs	regs	PROPN
taxlaw-2830	45	2	.	.	PUNCT
taxlaw-2830	46	1	§	§	PROPN
taxlaw-2830	46	2	§	§	ADJ
taxlaw-2830	46	3	301.7701	301.7701	NUM
taxlaw-2830	46	4	-	-	SYM
taxlaw-2830	46	5	2(b)(1	2(b)(1	NUM
taxlaw-2830	46	6	)	)	PUNCT
taxlaw-2830	46	7	,	,	PUNCT
taxlaw-2830	46	8	(	(	PUNCT
taxlaw-2830	46	9	3)–(8	3)–(8	NUM
taxlaw-2830	46	10	)	)	PUNCT
taxlaw-2830	46	11	(	(	PUNCT
taxlaw-2830	46	12	describing	describe	VERB
taxlaw-2830	46	13	entities	entity	NOUN
taxlaw-2830	46	14	that	that	PRON
taxlaw-2830	46	15	must	must	AUX
taxlaw-2830	46	16	be	be	AUX
taxlaw-2830	46	17	treated	treat	VERB
taxlaw-2830	46	18	as	as	ADP
taxlaw-2830	46	19	corporations	corporation	NOUN
taxlaw-2830	46	20	)	)	PUNCT
taxlaw-2830	46	21	.	.	PUNCT
taxlaw-2830	47	1	for	for	ADP
taxlaw-2830	47	2	instance	instance	NOUN
taxlaw-2830	47	3	,	,	PUNCT
taxlaw-2830	47	4	under	under	ADP
taxlaw-2830	47	5	current	current	ADJ
taxlaw-2830	47	6	law	law	NOUN
taxlaw-2830	47	7	,	,	PUNCT
taxlaw-2830	47	8	an	an	DET
taxlaw-2830	47	9	entity	entity	NOUN
taxlaw-2830	47	10	is	be	AUX
taxlaw-2830	47	11	automatically	automatically	ADV
taxlaw-2830	47	12	treated	treat	VERB
taxlaw-2830	47	13	as	as	ADP
taxlaw-2830	47	14	a	a	DET
taxlaw-2830	47	15	corporation	corporation	NOUN
taxlaw-2830	47	16	for	for	ADP
taxlaw-2830	47	17	tax	tax	NOUN
taxlaw-2830	47	18	purposes	purpose	NOUN
taxlaw-2830	47	19	if	if	SCONJ
taxlaw-2830	47	20	it	it	PRON
taxlaw-2830	47	21	is	be	AUX
taxlaw-2830	47	22	organized	organize	VERB
taxlaw-2830	47	23	under	under	ADP
taxlaw-2830	47	24	a	a	DET
taxlaw-2830	47	25	federal	federal	ADJ
taxlaw-2830	47	26	or	or	CCONJ
taxlaw-2830	47	27	state	state	NOUN
taxlaw-2830	47	28	statute	statute	NOUN
taxlaw-2830	47	29	that	that	PRON
taxlaw-2830	47	30	describes	describe	VERB
taxlaw-2830	47	31	or	or	CCONJ
taxlaw-2830	47	32	refers	refer	VERB
taxlaw-2830	47	33	to	to	ADP
taxlaw-2830	47	34	the	the	DET
taxlaw-2830	47	35	entity	entity	NOUN
taxlaw-2830	47	36	as	as	SCONJ
taxlaw-2830	47	37	incorporated	incorporate	VERB
taxlaw-2830	47	38	or	or	CCONJ
taxlaw-2830	47	39	as	as	ADP
taxlaw-2830	47	40	a	a	DET
taxlaw-2830	47	41	corporation	corporation	NOUN
taxlaw-2830	47	42	,	,	PUNCT
taxlaw-2830	47	43	body	body	NOUN
taxlaw-2830	47	44	corporate	corporate	ADJ
taxlaw-2830	47	45	,	,	PUNCT
taxlaw-2830	47	46	or	or	CCONJ
taxlaw-2830	47	47	body	body	NOUN
taxlaw-2830	47	48	politic	politic	NOUN
taxlaw-2830	47	49	.	.	PUNCT
taxlaw-2830	48	1	see	see	VERB
taxlaw-2830	48	2	treas	treas	PROPN
taxlaw-2830	48	3	.	.	PUNCT
taxlaw-2830	49	1	regs	regs	PROPN
taxlaw-2830	49	2	.	.	PUNCT
taxlaw-2830	50	1	§	§	PROPN
taxlaw-2830	50	2	§	§	ADJ
taxlaw-2830	50	3	301.7701	301.7701	NUM
taxlaw-2830	50	4	-	-	SYM
taxlaw-2830	50	5	2(b)(1	2(b)(1	NUM
taxlaw-2830	50	6	)	)	PUNCT
taxlaw-2830	50	7	.	.	PUNCT
taxlaw-2830	51	1	therefore	therefore	ADV
taxlaw-2830	51	2	,	,	PUNCT
taxlaw-2830	51	3	an	an	DET
taxlaw-2830	51	4	incorporated	incorporated	ADJ
taxlaw-2830	51	5	publicly	publicly	ADV
taxlaw-2830	51	6	traded	trade	VERB
taxlaw-2830	51	7	entity	entity	NOUN
taxlaw-2830	51	8	is	be	AUX
taxlaw-2830	51	9	automatically	automatically	ADV
taxlaw-2830	51	10	treated	treat	VERB
taxlaw-2830	51	11	as	as	ADP
taxlaw-2830	51	12	a	a	DET
taxlaw-2830	51	13	corporation	corporation	NOUN
taxlaw-2830	51	14	regardless	regardless	ADV
taxlaw-2830	51	15	of	of	ADP
taxlaw-2830	51	16	the	the	DET
taxlaw-2830	51	17	type	type	NOUN
taxlaw-2830	51	18	of	of	ADP
taxlaw-2830	51	19	income	income	NOUN
taxlaw-2830	51	20	that	that	PRON
taxlaw-2830	51	21	it	it	PRON
taxlaw-2830	51	22	earns	earn	VERB
taxlaw-2830	51	23	in	in	ADP
taxlaw-2830	51	24	most	most	ADJ
taxlaw-2830	51	25	cases	case	NOUN
taxlaw-2830	51	26	.	.	PUNCT
taxlaw-2830	52	1	consequently	consequently	ADV
taxlaw-2830	52	2	,	,	PUNCT
taxlaw-2830	52	3	this	this	DET
taxlaw-2830	52	4	article‘s	article‘s	ADJ
taxlaw-2830	52	5	discussion	discussion	NOUN
taxlaw-2830	52	6	of	of	ADP
taxlaw-2830	52	7	special	special	ADJ
taxlaw-2830	52	8	treatment	treatment	NOUN
taxlaw-2830	52	9	granted	grant	VERB
taxlaw-2830	52	10	to	to	ADP
taxlaw-2830	52	11	certain	certain	ADJ
taxlaw-2830	52	12	publicly	publicly	ADV
taxlaw-2830	52	13	traded	trade	VERB
taxlaw-2830	52	14	entities	entity	NOUN
taxlaw-2830	52	15	that	that	PRON
taxlaw-2830	52	16	earn	earn	AUX
taxlaw-2830	52	17	primarily	primarily	ADV
taxlaw-2830	52	18	qualifying	qualify	VERB
taxlaw-2830	52	19	income	income	NOUN
taxlaw-2830	52	20	is	be	AUX
taxlaw-2830	52	21	,	,	PUNCT
taxlaw-2830	52	22	for	for	ADP
taxlaw-2830	52	23	the	the	DET
taxlaw-2830	52	24	most	most	ADJ
taxlaw-2830	52	25	part	part	NOUN
taxlaw-2830	52	26	,	,	PUNCT
taxlaw-2830	52	27	focused	focus	VERB
taxlaw-2830	52	28	on	on	ADP
taxlaw-2830	52	29	unincorporated	unincorporated	ADJ
taxlaw-2830	52	30	publicly	publicly	ADV
taxlaw-2830	52	31	traded	trade	VERB
taxlaw-2830	52	32	entities	entity	NOUN
taxlaw-2830	52	33	.	.	PUNCT
taxlaw-2830	53	1	however	however	ADV
taxlaw-2830	53	2	,	,	PUNCT
taxlaw-2830	53	3	an	an	DET
taxlaw-2830	53	4	incorporated	incorporated	ADJ
taxlaw-2830	53	5	entity	entity	NOUN
taxlaw-2830	53	6	that	that	PRON
taxlaw-2830	53	7	met	meet	VERB
taxlaw-2830	53	8	various	various	ADJ
taxlaw-2830	53	9	eligibility	eligibility	NOUN
taxlaw-2830	53	10	requirements	requirement	NOUN
taxlaw-2830	53	11	could	could	AUX
taxlaw-2830	53	12	qualify	qualify	VERB
taxlaw-2830	53	13	as	as	ADP
taxlaw-2830	53	14	a	a	DET
taxlaw-2830	53	15	real	real	ADJ
taxlaw-2830	53	16	estate	estate	NOUN
taxlaw-2830	53	17	investment	investment	NOUN
taxlaw-2830	53	18	trust	trust	NOUN
taxlaw-2830	53	19	(	(	PUNCT
taxlaw-2830	53	20	a	a	DET
taxlaw-2830	53	21	―reit‖	―reit‖	PROPN
taxlaw-2830	53	22	)	)	PUNCT
taxlaw-2830	53	23	for	for	ADP
taxlaw-2830	53	24	tax	tax	NOUN
taxlaw-2830	53	25	purposes	purpose	NOUN
taxlaw-2830	53	26	.	.	PUNCT
taxlaw-2830	54	1	see	see	VERB
taxlaw-2830	54	2	i.r.c	i.r.c	NOUN
taxlaw-2830	54	3	.	.	PUNCT
taxlaw-2830	55	1	§	§	PROPN
taxlaw-2830	55	2	856(a)(3	856(a)(3	NUM
taxlaw-2830	55	3	)	)	PUNCT
taxlaw-2830	55	4	.	.	PUNCT
taxlaw-2830	56	1	therefore	therefore	ADV
taxlaw-2830	56	2	,	,	PUNCT
taxlaw-2830	56	3	this	this	DET
taxlaw-2830	56	4	article‘s	article‘s	ADJ
taxlaw-2830	56	5	discussion	discussion	NOUN
taxlaw-2830	56	6	of	of	ADP
taxlaw-2830	56	7	publicly	publicly	ADV
taxlaw-2830	56	8	traded	trade	VERB
taxlaw-2830	56	9	reits	reit	NOUN
taxlaw-2830	56	10	could	could	AUX
taxlaw-2830	56	11	include	include	VERB
taxlaw-2830	56	12	incorporated	incorporated	ADJ
taxlaw-2830	56	13	entities	entity	NOUN
taxlaw-2830	56	14	.	.	PUNCT
taxlaw-2830	57	1	2	2	NUM
taxlaw-2830	57	2	gretchen	gretchen	PROPN
taxlaw-2830	57	3	morgenson	morgenson	NOUN
taxlaw-2830	57	4	,	,	PUNCT
taxlaw-2830	57	5	a	a	DET
taxlaw-2830	57	6	corporate	corporate	ADJ
taxlaw-2830	57	7	tax	tax	NOUN
taxlaw-2830	57	8	break	break	NOUN
taxlaw-2830	57	9	that	that	PRON
taxlaw-2830	57	10	’s	’	VERB
taxlaw-2830	57	11	closer	close	ADJ
taxlaw-2830	57	12	to	to	ADP
taxlaw-2830	57	13	home	home	NOUN
taxlaw-2830	57	14	,	,	PUNCT
taxlaw-2830	57	15	n.y	n.y	PROPN
taxlaw-2830	57	16	.	.	PROPN
taxlaw-2830	57	17	times	times	PROPN
taxlaw-2830	57	18	,	,	PUNCT
taxlaw-2830	57	19	aug	aug	PROPN
taxlaw-2830	57	20	.	.	PROPN
taxlaw-2830	57	21	9	9	NUM
taxlaw-2830	57	22	,	,	PUNCT
taxlaw-2830	57	23	2014	2014	NUM
taxlaw-2830	57	24	.	.	PUNCT
taxlaw-2830	57	25	3	3	NUM
taxlaw-2830	57	26	nathanial	nathanial	ADJ
taxlaw-2830	57	27	popper	popper	NOUN
taxlaw-2830	57	28	,	,	PUNCT
taxlaw-2830	57	29	restyled	restyle	VERB
taxlaw-2830	57	30	as	as	ADP
taxlaw-2830	57	31	real	real	ADJ
taxlaw-2830	57	32	estate	estate	NOUN
taxlaw-2830	57	33	trusts	trust	NOUN
taxlaw-2830	57	34	,	,	PUNCT
taxlaw-2830	57	35	varied	varied	ADJ
taxlaw-2830	57	36	businesses	business	NOUN
taxlaw-2830	57	37	avoid	avoid	VERB
taxlaw-2830	57	38	taxes	taxis	NOUN
taxlaw-2830	57	39	,	,	PUNCT
taxlaw-2830	57	40	n.y	n.y	PROPN
taxlaw-2830	57	41	.	.	PROPN
taxlaw-2830	57	42	times	times	PROPN
taxlaw-2830	57	43	,	,	PUNCT
taxlaw-2830	57	44	apr	apr	PROPN
taxlaw-2830	57	45	.	.	PROPN
taxlaw-2830	57	46	22	22	NUM
taxlaw-2830	57	47	,	,	PUNCT
taxlaw-2830	57	48	2013	2013	NUM
taxlaw-2830	57	49	,	,	PUNCT
taxlaw-2830	57	50	at	at	ADP
taxlaw-2830	57	51	a1	a1	NOUN
taxlaw-2830	57	52	.	.	PROPN
taxlaw-2830	57	53	4	4	NUM
taxlaw-2830	58	1	i	i	PRON
taxlaw-2830	58	2	d.	d.	NOUN
taxlaw-2830	58	3	for	for	ADP
taxlaw-2830	58	4	additional	additional	ADJ
taxlaw-2830	58	5	discussion	discussion	NOUN
taxlaw-2830	58	6	,	,	PUNCT
taxlaw-2830	58	7	see	see	VERB
taxlaw-2830	58	8	,	,	PUNCT
taxlaw-2830	58	9	e.g.	e.g.	ADV
taxlaw-2830	58	10	,	,	PUNCT
taxlaw-2830	58	11	telecom	telecom	PROPN
taxlaw-2830	58	12	firm	firm	NOUN
taxlaw-2830	58	13	announces	announce	VERB
taxlaw-2830	58	14	latest	late	ADJ
taxlaw-2830	58	15	tax	tax	NOUN
taxlaw-2830	58	16	-	-	PUNCT
taxlaw-2830	58	17	free	free	ADJ
taxlaw-2830	58	18	reit	reit	NOUN
taxlaw-2830	58	19	spin	spin	VERB
taxlaw-2830	58	20	-	-	PUNCT
taxlaw-2830	58	21	off	off	ADP
taxlaw-2830	58	22	transaction	transaction	NOUN
taxlaw-2830	58	23	,	,	PUNCT
taxlaw-2830	58	24	2014	2014	NUM
taxlaw-2830	58	25	tax	tax	NOUN
taxlaw-2830	58	26	notes	note	NOUN
taxlaw-2830	58	27	today	today	NOUN
taxlaw-2830	58	28	146	146	NUM
taxlaw-2830	58	29	-	-	SYM
taxlaw-2830	58	30	1	1	NUM
taxlaw-2830	58	31	(	(	PUNCT
taxlaw-2830	58	32	jul	jul	PROPN
taxlaw-2830	58	33	.	.	PROPN
taxlaw-2830	58	34	30	30	NUM
taxlaw-2830	58	35	,	,	PUNCT
taxlaw-2830	58	36	2014	2014	NUM
taxlaw-2830	58	37	)	)	PUNCT
taxlaw-2830	58	38	;	;	PUNCT
taxlaw-2830	58	39	lee	lee	PROPN
taxlaw-2830	58	40	a.	a.	PROPN
taxlaw-2830	58	41	sheppard	sheppard	PROPN
taxlaw-2830	58	42	,	,	PUNCT
taxlaw-2830	58	43	can	can	AUX
taxlaw-2830	58	44	any	any	DET
taxlaw-2830	58	45	company	company	NOUN
taxlaw-2830	58	46	be	be	AUX
taxlaw-2830	58	47	a	a	DET
taxlaw-2830	58	48	reit	reit	NOUN
taxlaw-2830	58	49	?	?	PUNCT
taxlaw-2830	58	50	,	,	PUNCT
taxlaw-2830	58	51	2013	2013	NUM
taxlaw-2830	58	52	tax	tax	NOUN
taxlaw-2830	58	53	notes	note	NOUN
taxlaw-2830	58	54	today	today	NOUN
taxlaw-2830	58	55	160	160	NUM
taxlaw-2830	58	56	-	-	SYM
taxlaw-2830	58	57	2	2	NUM
taxlaw-2830	58	58	(	(	PUNCT
taxlaw-2830	58	59	aug	aug	PROPN
taxlaw-2830	58	60	.	.	PROPN
taxlaw-2830	58	61	19	19	NUM
taxlaw-2830	58	62	,	,	PUNCT
taxlaw-2830	58	63	2013	2013	NUM
taxlaw-2830	58	64	)	)	PUNCT
taxlaw-2830	58	65	.	.	PUNCT
taxlaw-2830	59	1	5	5	NUM
taxlaw-2830	60	1	i	i	PRON
taxlaw-2830	60	2	d.	d.	PROPN
taxlaw-2830	60	3	6	6	NUM
taxlaw-2830	60	4	john	john	PROPN
taxlaw-2830	60	5	d.	d.	PROPN
taxlaw-2830	60	6	mckinnon	mckinnon	PROPN
taxlaw-2830	60	7	,	,	PUNCT
taxlaw-2830	60	8	more	more	ADJ
taxlaw-2830	60	9	firms	firm	NOUN
taxlaw-2830	60	10	enjoy	enjoy	VERB
taxlaw-2830	60	11	tax	tax	NOUN
taxlaw-2830	60	12	free	free	ADJ
taxlaw-2830	60	13	status	status	NOUN
taxlaw-2830	60	14	,	,	PUNCT
taxlaw-2830	60	15	wall	wall	PROPN
taxlaw-2830	60	16	street	street	PROPN
taxlaw-2830	60	17	journal	journal	PROPN
taxlaw-2830	60	18	,	,	PUNCT
taxlaw-2830	60	19	jan	jan	PROPN
taxlaw-2830	60	20	.	.	PROPN
taxlaw-2830	60	21	10	10	NUM
taxlaw-2830	60	22	,	,	PUNCT
taxlaw-2830	60	23	2012	2012	NUM
taxlaw-2830	60	24	.	.	PUNCT
taxlaw-2830	61	1	columbia	columbia	PROPN
taxlaw-2830	61	2	journal	journal	PROPN
taxlaw-2830	61	3	of	of	ADP
taxlaw-2830	61	4	tax	tax	NOUN
taxlaw-2830	61	5	law	law	NOUN
taxlaw-2830	62	1	[	[	X
taxlaw-2830	62	2	vol.6:147	vol.6:147	NOUN
taxlaw-2830	62	3	150	150	NUM
taxlaw-2830	62	4	partnerships	partnership	NOUN
taxlaw-2830	62	5	that	that	PRON
taxlaw-2830	62	6	share	share	VERB
taxlaw-2830	62	7	in	in	ADP
taxlaw-2830	62	8	the	the	DET
taxlaw-2830	62	9	income	income	NOUN
taxlaw-2830	62	10	earned	earn	VERB
taxlaw-2830	62	11	by	by	ADP
taxlaw-2830	62	12	private	private	ADJ
taxlaw-2830	62	13	equity	equity	NOUN
taxlaw-2830	62	14	fund	fund	NOUN
taxlaw-2830	62	15	sponsors	sponsor	NOUN
taxlaw-2830	62	16	,	,	PUNCT
taxlaw-2830	62	17	such	such	ADJ
taxlaw-2830	62	18	as	as	ADP
taxlaw-2830	62	19	blackstone	blackstone	NOUN
taxlaw-2830	62	20	group	group	NOUN
taxlaw-2830	62	21	,	,	PUNCT
taxlaw-2830	62	22	l.p	l.p	PROPN
taxlaw-2830	62	23	.	.	PROPN
taxlaw-2830	62	24	and	and	CCONJ
taxlaw-2830	62	25	kkr	kkr	PROPN
taxlaw-2830	62	26	&	&	CCONJ
taxlaw-2830	62	27	co.	co.	PROPN
taxlaw-2830	62	28	,	,	PUNCT
taxlaw-2830	62	29	l.p	l.p	PROPN
taxlaw-2830	62	30	.	.	PROPN
taxlaw-2830	62	31	7	7	NUM
taxlaw-2830	62	32	the	the	DET
taxlaw-2830	62	33	growing	grow	VERB
taxlaw-2830	62	34	number	number	NOUN
taxlaw-2830	62	35	of	of	ADP
taxlaw-2830	62	36	reits	reit	NOUN
taxlaw-2830	62	37	and	and	CCONJ
taxlaw-2830	62	38	publicly	publicly	ADV
taxlaw-2830	62	39	traded	trade	VERB
taxlaw-2830	62	40	partnerships	partnership	NOUN
taxlaw-2830	62	41	that	that	PRON
taxlaw-2830	62	42	avoid	avoid	VERB
taxlaw-2830	62	43	entitylevel	entitylevel	ADJ
taxlaw-2830	62	44	tax	tax	NOUN
taxlaw-2830	62	45	has	have	AUX
taxlaw-2830	62	46	troubled	trouble	VERB
taxlaw-2830	62	47	the	the	DET
taxlaw-2830	62	48	irs	irs	PROPN
taxlaw-2830	62	49	.	.	PUNCT
taxlaw-2830	63	1	the	the	DET
taxlaw-2830	63	2	increasing	increase	VERB
taxlaw-2830	63	3	prevalence	prevalence	NOUN
taxlaw-2830	63	4	of	of	ADP
taxlaw-2830	63	5	non	non	ADJ
taxlaw-2830	63	6	-	-	ADJ
taxlaw-2830	63	7	traditional	traditional	ADJ
taxlaw-2830	63	8	reits	reit	NOUN
taxlaw-2830	63	9	prompted	prompt	VERB
taxlaw-2830	63	10	an	an	DET
taxlaw-2830	63	11	irs	irs	PROPN
taxlaw-2830	63	12	working	working	NOUN
taxlaw-2830	63	13	-	-	PUNCT
taxlaw-2830	63	14	group	group	NOUN
taxlaw-2830	63	15	study	study	NOUN
taxlaw-2830	63	16	to	to	PART
taxlaw-2830	63	17	examine	examine	VERB
taxlaw-2830	63	18	the	the	DET
taxlaw-2830	63	19	topic	topic	NOUN
taxlaw-2830	63	20	of	of	ADP
taxlaw-2830	63	21	reit	reit	PROPN
taxlaw-2830	63	22	classification	classification	NOUN
taxlaw-2830	63	23	.	.	PUNCT
taxlaw-2830	64	1	8	8	NUM
taxlaw-2830	65	1	the	the	DET
taxlaw-2830	65	2	irs	irs	PROPN
taxlaw-2830	65	3	also	also	ADV
taxlaw-2830	65	4	called	call	VERB
taxlaw-2830	65	5	a	a	DET
taxlaw-2830	65	6	temporary	temporary	ADJ
taxlaw-2830	65	7	halt	halt	NOUN
taxlaw-2830	65	8	to	to	ADP
taxlaw-2830	65	9	issuing	issue	VERB
taxlaw-2830	65	10	private	private	ADJ
taxlaw-2830	65	11	letter	letter	NOUN
taxlaw-2830	65	12	rulings	ruling	NOUN
taxlaw-2830	65	13	involving	involve	VERB
taxlaw-2830	65	14	publicly	publicly	ADV
taxlaw-2830	65	15	traded	trade	VERB
taxlaw-2830	65	16	partnerships	partnership	NOUN
taxlaw-2830	65	17	in	in	ADP
taxlaw-2830	65	18	order	order	NOUN
taxlaw-2830	65	19	to	to	PART
taxlaw-2830	65	20	further	far	ADV
taxlaw-2830	65	21	study	study	VERB
taxlaw-2830	65	22	the	the	DET
taxlaw-2830	65	23	topic	topic	NOUN
taxlaw-2830	65	24	.	.	PUNCT
taxlaw-2830	66	1	9	9	NUM
taxlaw-2830	66	2	at	at	ADP
taxlaw-2830	66	3	the	the	DET
taxlaw-2830	66	4	same	same	ADJ
taxlaw-2830	66	5	time	time	NOUN
taxlaw-2830	66	6	,	,	PUNCT
taxlaw-2830	66	7	in	in	ADP
taxlaw-2830	66	8	may	may	PROPN
taxlaw-2830	66	9	2014	2014	NUM
taxlaw-2830	66	10	,	,	PUNCT
taxlaw-2830	66	11	the	the	DET
taxlaw-2830	66	12	treasury	treasury	NOUN
taxlaw-2830	66	13	proposed	propose	VERB
taxlaw-2830	66	14	regulations	regulation	NOUN
taxlaw-2830	66	15	that	that	PRON
taxlaw-2830	66	16	would	would	AUX
taxlaw-2830	66	17	expand	expand	VERB
taxlaw-2830	66	18	the	the	DET
taxlaw-2830	66	19	definition	definition	NOUN
taxlaw-2830	66	20	of	of	ADP
taxlaw-2830	66	21	what	what	PRON
taxlaw-2830	66	22	constitutes	constitute	VERB
taxlaw-2830	66	23	real	real	ADJ
taxlaw-2830	66	24	property	property	NOUN
taxlaw-2830	66	25	for	for	ADP
taxlaw-2830	66	26	purposes	purpose	NOUN
taxlaw-2830	66	27	of	of	ADP
taxlaw-2830	66	28	the	the	DET
taxlaw-2830	66	29	reit	reit	NOUN
taxlaw-2830	66	30	qualification	qualification	NOUN
taxlaw-2830	66	31	rules	rule	NOUN
taxlaw-2830	66	32	,	,	PUNCT
taxlaw-2830	66	33	making	make	VERB
taxlaw-2830	66	34	the	the	DET
taxlaw-2830	66	35	regulations	regulation	NOUN
taxlaw-2830	66	36	consistent	consistent	ADJ
taxlaw-2830	66	37	with	with	ADP
taxlaw-2830	66	38	guidance	guidance	NOUN
taxlaw-2830	66	39	that	that	PRON
taxlaw-2830	66	40	has	have	AUX
taxlaw-2830	66	41	been	be	AUX
taxlaw-2830	66	42	issued	issue	VERB
taxlaw-2830	66	43	by	by	ADP
taxlaw-2830	66	44	the	the	DET
taxlaw-2830	66	45	irs	irs	PROPN
taxlaw-2830	66	46	in	in	ADP
taxlaw-2830	66	47	private	private	ADJ
taxlaw-2830	66	48	letter	letter	NOUN
taxlaw-2830	66	49	rulings	ruling	NOUN
taxlaw-2830	66	50	.	.	PUNCT
taxlaw-2830	67	1	10	10	NUM
taxlaw-2830	67	2	these	these	DET
taxlaw-2830	67	3	trends	trend	NOUN
taxlaw-2830	67	4	have	have	AUX
taxlaw-2830	67	5	also	also	ADV
taxlaw-2830	67	6	attracted	attract	VERB
taxlaw-2830	67	7	congressional	congressional	ADJ
taxlaw-2830	67	8	attention	attention	NOUN
taxlaw-2830	67	9	.	.	PUNCT
taxlaw-2830	68	1	recently	recently	ADV
taxlaw-2830	68	2	,	,	PUNCT
taxlaw-2830	68	3	for	for	ADP
taxlaw-2830	68	4	instance	instance	NOUN
taxlaw-2830	68	5	,	,	PUNCT
taxlaw-2830	68	6	the	the	DET
taxlaw-2830	68	7	committee	committee	NOUN
taxlaw-2830	68	8	on	on	ADP
taxlaw-2830	68	9	ways	way	NOUN
taxlaw-2830	68	10	and	and	CCONJ
taxlaw-2830	68	11	means	mean	VERB
taxlaw-2830	68	12	proposed	propose	VERB
taxlaw-2830	68	13	reforms	reform	NOUN
taxlaw-2830	68	14	under	under	ADP
taxlaw-2830	68	15	which	which	PRON
taxlaw-2830	68	16	publicly	publicly	ADV
taxlaw-2830	68	17	traded	trade	VERB
taxlaw-2830	68	18	partnerships	partnership	NOUN
taxlaw-2830	68	19	would	would	AUX
taxlaw-2830	68	20	only	only	ADV
taxlaw-2830	68	21	qualify	qualify	VERB
taxlaw-2830	68	22	for	for	ADP
taxlaw-2830	68	23	exemption	exemption	NOUN
taxlaw-2830	68	24	from	from	ADP
taxlaw-2830	68	25	entity	entity	NOUN
taxlaw-2830	68	26	-	-	PUNCT
taxlaw-2830	68	27	level	level	NOUN
taxlaw-2830	68	28	tax	tax	NOUN
taxlaw-2830	68	29	if	if	SCONJ
taxlaw-2830	68	30	they	they	PRON
taxlaw-2830	68	31	primarily	primarily	ADV
taxlaw-2830	68	32	earned	earn	VERB
taxlaw-2830	68	33	income	income	NOUN
taxlaw-2830	68	34	from	from	ADP
taxlaw-2830	68	35	activities	activity	NOUN
taxlaw-2830	68	36	related	relate	VERB
taxlaw-2830	68	37	to	to	ADP
taxlaw-2830	68	38	mining	mining	NOUN
taxlaw-2830	68	39	and	and	CCONJ
taxlaw-2830	68	40	natural	natural	ADJ
taxlaw-2830	68	41	resources	resource	NOUN
taxlaw-2830	68	42	.	.	PUNCT
taxlaw-2830	69	1	11	11	NUM
taxlaw-2830	69	2	that	that	DET
taxlaw-2830	69	3	proposal	proposal	NOUN
taxlaw-2830	69	4	was	be	AUX
taxlaw-2830	69	5	not	not	PART
taxlaw-2830	69	6	the	the	DET
taxlaw-2830	69	7	first	first	ADJ
taxlaw-2830	69	8	congressional	congressional	ADJ
taxlaw-2830	69	9	proposal	proposal	NOUN
taxlaw-2830	69	10	that	that	PRON
taxlaw-2830	69	11	would	would	AUX
taxlaw-2830	69	12	have	have	AUX
taxlaw-2830	69	13	limited	limit	VERB
taxlaw-2830	69	14	the	the	DET
taxlaw-2830	69	15	circumstances	circumstance	NOUN
taxlaw-2830	69	16	in	in	ADP
taxlaw-2830	69	17	which	which	PRON
taxlaw-2830	69	18	publicly	publicly	ADV
taxlaw-2830	69	19	traded	trade	VERB
taxlaw-2830	69	20	partnerships	partnership	NOUN
taxlaw-2830	69	21	can	can	AUX
taxlaw-2830	69	22	avoid	avoid	VERB
taxlaw-2830	69	23	entity	entity	NOUN
taxlaw-2830	69	24	-	-	PUNCT
taxlaw-2830	69	25	level	level	NOUN
taxlaw-2830	69	26	tax	tax	NOUN
taxlaw-2830	69	27	.	.	PUNCT
taxlaw-2830	70	1	12	12	NUM
taxlaw-2830	70	2	in	in	ADP
taxlaw-2830	70	3	addition	addition	NOUN
taxlaw-2830	70	4	to	to	ADP
taxlaw-2830	70	5	addressing	address	VERB
taxlaw-2830	70	6	publicly	publicly	ADV
taxlaw-2830	70	7	traded	trade	VERB
taxlaw-2830	70	8	partnerships	partnership	NOUN
taxlaw-2830	70	9	,	,	PUNCT
taxlaw-2830	70	10	the	the	DET
taxlaw-2830	70	11	committee	committee	NOUN
taxlaw-2830	70	12	on	on	ADP
taxlaw-2830	70	13	ways	way	NOUN
taxlaw-2830	70	14	and	and	CCONJ
taxlaw-2830	70	15	means	mean	VERB
taxlaw-2830	70	16	proposed	propose	VERB
taxlaw-2830	70	17	measures	measure	NOUN
taxlaw-2830	70	18	that	that	PRON
taxlaw-2830	70	19	would	would	AUX
taxlaw-2830	70	20	make	make	VERB
taxlaw-2830	70	21	it	it	PRON
taxlaw-2830	70	22	more	more	ADV
taxlaw-2830	70	23	difficult	difficult	ADJ
taxlaw-2830	70	24	for	for	SCONJ
taxlaw-2830	70	25	existing	exist	VERB
taxlaw-2830	70	26	businesses	business	NOUN
taxlaw-2830	70	27	to	to	PART
taxlaw-2830	70	28	restructure	restructure	VERB
taxlaw-2830	70	29	themselves	themselves	PRON
taxlaw-2830	70	30	as	as	ADP
taxlaw-2830	70	31	reits	reit	NOUN
taxlaw-2830	70	32	,	,	PUNCT
taxlaw-2830	70	33	and	and	CCONJ
taxlaw-2830	70	34	that	that	PRON
taxlaw-2830	70	35	would	would	AUX
taxlaw-2830	70	36	hinder	hinder	VERB
taxlaw-2830	70	37	the	the	DET
taxlaw-2830	70	38	ability	ability	NOUN
taxlaw-2830	70	39	of	of	ADP
taxlaw-2830	70	40	taxpayers	taxpayer	NOUN
taxlaw-2830	70	41	to	to	PART
taxlaw-2830	70	42	use	use	VERB
taxlaw-2830	70	43	tax	tax	NOUN
taxlaw-2830	70	44	structuring	structuring	NOUN
taxlaw-2830	70	45	techniques	technique	NOUN
taxlaw-2830	70	46	to	to	PART
taxlaw-2830	70	47	obtain	obtain	VERB
taxlaw-2830	70	48	reit	reit	NOUN
taxlaw-2830	70	49	qualification	qualification	NOUN
taxlaw-2830	70	50	.	.	PUNCT
taxlaw-2830	71	1	13	13	NUM
taxlaw-2830	71	2	in	in	ADP
taxlaw-2830	71	3	order	order	NOUN
taxlaw-2830	71	4	to	to	PART
taxlaw-2830	71	5	place	place	VERB
taxlaw-2830	71	6	these	these	DET
taxlaw-2830	71	7	recent	recent	ADJ
taxlaw-2830	71	8	trends	trend	NOUN
taxlaw-2830	71	9	in	in	ADP
taxlaw-2830	71	10	context	context	NOUN
taxlaw-2830	71	11	,	,	PUNCT
taxlaw-2830	71	12	this	this	DET
taxlaw-2830	71	13	article	article	NOUN
taxlaw-2830	71	14	examines	examine	VERB
taxlaw-2830	71	15	potential	potential	ADJ
taxlaw-2830	71	16	rationales	rationale	NOUN
taxlaw-2830	71	17	for	for	ADP
taxlaw-2830	71	18	granting	grant	VERB
taxlaw-2830	71	19	special	special	ADJ
taxlaw-2830	71	20	tax	tax	NOUN
taxlaw-2830	71	21	treatment	treatment	NOUN
taxlaw-2830	71	22	to	to	ADP
taxlaw-2830	71	23	certain	certain	ADJ
taxlaw-2830	71	24	publicly	publicly	ADV
taxlaw-2830	71	25	traded	trade	VERB
taxlaw-2830	71	26	entities	entity	NOUN
taxlaw-2830	71	27	that	that	PRON
taxlaw-2830	71	28	earn	earn	AUX
taxlaw-2830	71	29	predominately	predominately	ADV
taxlaw-2830	71	30	qualifying	qualify	VERB
taxlaw-2830	71	31	income	income	NOUN
taxlaw-2830	71	32	.	.	PUNCT
taxlaw-2830	72	1	as	as	SCONJ
taxlaw-2830	72	2	the	the	DET
taxlaw-2830	72	3	analysis	analysis	NOUN
taxlaw-2830	72	4	in	in	ADP
taxlaw-2830	72	5	this	this	DET
taxlaw-2830	72	6	article	article	NOUN
taxlaw-2830	72	7	shows	show	VERB
taxlaw-2830	72	8	,	,	PUNCT
taxlaw-2830	72	9	many	many	ADJ
taxlaw-2830	72	10	of	of	ADP
taxlaw-2830	72	11	the	the	DET
taxlaw-2830	72	12	potential	potential	ADJ
taxlaw-2830	72	13	rationales	rationale	NOUN
taxlaw-2830	72	14	are	be	AUX
taxlaw-2830	72	15	unconvincing	unconvincing	ADJ
taxlaw-2830	72	16	.	.	PUNCT
taxlaw-2830	73	1	in	in	ADP
taxlaw-2830	73	2	addition	addition	NOUN
taxlaw-2830	73	3	,	,	PUNCT
taxlaw-2830	73	4	to	to	ADP
taxlaw-2830	73	5	the	the	DET
taxlaw-2830	73	6	extent	extent	NOUN
taxlaw-2830	73	7	that	that	SCONJ
taxlaw-2830	73	8	some	some	DET
taxlaw-2830	73	9	rationales	rationale	NOUN
taxlaw-2830	73	10	may	may	AUX
taxlaw-2830	73	11	be	be	AUX
taxlaw-2830	73	12	persuasive	persuasive	ADJ
taxlaw-2830	73	13	,	,	PUNCT
taxlaw-2830	73	14	the	the	DET
taxlaw-2830	73	15	current	current	ADJ
taxlaw-2830	73	16	rules	rule	NOUN
taxlaw-2830	73	17	are	be	AUX
taxlaw-2830	73	18	not	not	PART
taxlaw-2830	73	19	designed	design	VERB
taxlaw-2830	73	20	in	in	ADP
taxlaw-2830	73	21	a	a	DET
taxlaw-2830	73	22	way	way	NOUN
taxlaw-2830	73	23	that	that	PRON
taxlaw-2830	73	24	best	good	ADJ
taxlaw-2830	73	25	comports	comport	VERB
taxlaw-2830	73	26	with	with	ADP
taxlaw-2830	73	27	these	these	DET
taxlaw-2830	73	28	potential	potential	ADJ
taxlaw-2830	73	29	justifications	justification	NOUN
taxlaw-2830	73	30	.	.	PUNCT
taxlaw-2830	74	1	for	for	ADP
taxlaw-2830	74	2	instance	instance	NOUN
taxlaw-2830	74	3	,	,	PUNCT
taxlaw-2830	74	4	legislative	legislative	ADJ
taxlaw-2830	74	5	history	history	NOUN
taxlaw-2830	74	6	suggests	suggest	VERB
taxlaw-2830	74	7	that	that	SCONJ
taxlaw-2830	74	8	special	special	ADJ
taxlaw-2830	74	9	treatment	treatment	NOUN
taxlaw-2830	74	10	is	be	AUX
taxlaw-2830	74	11	granted	grant	VERB
taxlaw-2830	74	12	to	to	ADP
taxlaw-2830	74	13	qualifying	qualify	VERB
taxlaw-2830	74	14	income	income	NOUN
taxlaw-2830	74	15	because	because	SCONJ
taxlaw-2830	74	16	owners	owner	NOUN
taxlaw-2830	74	17	of	of	ADP
taxlaw-2830	74	18	the	the	DET
taxlaw-2830	74	19	publicly	publicly	ADV
taxlaw-2830	74	20	traded	trade	VERB
taxlaw-2830	74	21	entity	entity	NOUN
taxlaw-2830	74	22	could	could	AUX
taxlaw-2830	74	23	earn	earn	VERB
taxlaw-2830	74	24	qualifying	qualify	VERB
taxlaw-2830	74	25	income	income	NOUN
taxlaw-2830	74	26	directly	directly	ADV
taxlaw-2830	74	27	.	.	PUNCT
taxlaw-2830	75	1	14	14	NUM
taxlaw-2830	75	2	based	base	VERB
taxlaw-2830	75	3	on	on	ADP
taxlaw-2830	75	4	this	this	DET
taxlaw-2830	75	5	rationale	rationale	NOUN
taxlaw-2830	75	6	,	,	PUNCT
taxlaw-2830	75	7	the	the	DET
taxlaw-2830	75	8	scope	scope	NOUN
taxlaw-2830	75	9	of	of	ADP
taxlaw-2830	75	10	what	what	PRON
taxlaw-2830	75	11	currently	currently	ADV
taxlaw-2830	75	12	constitutes	constitute	VERB
taxlaw-2830	75	13	qualifying	qualify	VERB
taxlaw-2830	75	14	income	income	NOUN
taxlaw-2830	75	15	is	be	AUX
taxlaw-2830	75	16	much	much	ADV
taxlaw-2830	75	17	too	too	ADV
taxlaw-2830	75	18	broad	broad	ADJ
taxlaw-2830	75	19	because	because	SCONJ
taxlaw-2830	75	20	many	many	ADJ
taxlaw-2830	75	21	types	type	NOUN
taxlaw-2830	75	22	of	of	ADP
taxlaw-2830	75	23	income	income	NOUN
taxlaw-2830	75	24	that	that	SCONJ
taxlaw-2830	75	25	7	7	NUM
taxlaw-2830	75	26	i	i	PROPN
taxlaw-2830	75	27	d.	d.	PROPN
taxlaw-2830	75	28	8	8	NUM
taxlaw-2830	75	29	see	see	VERB
taxlaw-2830	75	30	,	,	PUNCT
taxlaw-2830	75	31	e.g.	e.g.	ADV
taxlaw-2830	75	32	,	,	PUNCT
taxlaw-2830	75	33	amy	amy	PROPN
taxlaw-2830	75	34	s.	s.	PROPN
taxlaw-2830	75	35	elliott	elliott	PROPN
taxlaw-2830	75	36	,	,	PUNCT
taxlaw-2830	75	37	companies	company	NOUN
taxlaw-2830	75	38	report	report	VERB
taxlaw-2830	75	39	irs	irs	PROPN
taxlaw-2830	75	40	may	may	AUX
taxlaw-2830	75	41	have	have	AUX
taxlaw-2830	75	42	suspended	suspend	VERB
taxlaw-2830	75	43	reit	reit	NOUN
taxlaw-2830	75	44	conversion	conversion	NOUN
taxlaw-2830	75	45	rulings	ruling	NOUN
taxlaw-2830	75	46	,	,	PUNCT
taxlaw-2830	75	47	2013	2013	NUM
taxlaw-2830	75	48	tax	tax	NOUN
taxlaw-2830	75	49	notes	note	NOUN
taxlaw-2830	75	50	today	today	NOUN
taxlaw-2830	75	51	111	111	NUM
taxlaw-2830	75	52	-	-	SYM
taxlaw-2830	75	53	4	4	NUM
taxlaw-2830	75	54	(	(	PUNCT
taxlaw-2830	75	55	jun	jun	PROPN
taxlaw-2830	75	56	.	.	PROPN
taxlaw-2830	75	57	10	10	NUM
taxlaw-2830	75	58	,	,	PUNCT
taxlaw-2830	75	59	2013	2013	NUM
taxlaw-2830	75	60	)	)	PUNCT
taxlaw-2830	75	61	.	.	PUNCT
taxlaw-2830	76	1	9	9	NUM
taxlaw-2830	76	2	see	see	VERB
taxlaw-2830	76	3	,	,	PUNCT
taxlaw-2830	76	4	e.g.	e.g.	ADV
taxlaw-2830	76	5	,	,	PUNCT
taxlaw-2830	76	6	tax	tax	NOUN
taxlaw-2830	76	7	analysts	analyst	NOUN
taxlaw-2830	76	8	,	,	PUNCT
taxlaw-2830	76	9	irs	irs	PROPN
taxlaw-2830	76	10	has	have	AUX
taxlaw-2830	76	11	stopped	stop	VERB
taxlaw-2830	76	12	ruling	rule	VERB
taxlaw-2830	76	13	on	on	ADP
taxlaw-2830	76	14	publicly	publicly	ADV
taxlaw-2830	76	15	traded	trade	VERB
taxlaw-2830	76	16	partnership	partnership	NOUN
taxlaw-2830	76	17	qualifying	qualifying	NOUN
taxlaw-2830	76	18	income	income	NOUN
taxlaw-2830	76	19	,	,	PUNCT
taxlaw-2830	76	20	2014	2014	NUM
taxlaw-2830	76	21	tax	tax	NOUN
taxlaw-2830	76	22	notes	note	NOUN
taxlaw-2830	76	23	today	today	NOUN
taxlaw-2830	76	24	61	61	NUM
taxlaw-2830	76	25	-	-	SYM
taxlaw-2830	76	26	4	4	NUM
taxlaw-2830	76	27	(	(	PUNCT
taxlaw-2830	76	28	mar	mar	PROPN
taxlaw-2830	76	29	.	.	PROPN
taxlaw-2830	76	30	31	31	NUM
taxlaw-2830	76	31	,	,	PUNCT
taxlaw-2830	76	32	2014	2014	NUM
taxlaw-2830	76	33	)	)	PUNCT
taxlaw-2830	76	34	.	.	PUNCT
taxlaw-2830	77	1	10	10	NUM
taxlaw-2830	77	2	reg-150760	reg-150760	NOUN
taxlaw-2830	77	3	-	-	PUNCT
taxlaw-2830	77	4	13	13	NUM
taxlaw-2830	77	5	.	.	PUNCT
taxlaw-2830	78	1	for	for	ADP
taxlaw-2830	78	2	further	further	ADJ
taxlaw-2830	78	3	discussion	discussion	NOUN
taxlaw-2830	78	4	,	,	PUNCT
taxlaw-2830	78	5	see	see	VERB
taxlaw-2830	78	6	willard	willard	PROPN
taxlaw-2830	78	7	b.	b.	PROPN
taxlaw-2830	78	8	taylor	taylor	PROPN
taxlaw-2830	78	9	,	,	PUNCT
taxlaw-2830	78	10	closing	close	VERB
taxlaw-2830	78	11	the	the	DET
taxlaw-2830	78	12	gap	gap	NOUN
taxlaw-2830	78	13	between	between	ADP
taxlaw-2830	78	14	private	private	ADJ
taxlaw-2830	78	15	letter	letter	NOUN
taxlaw-2830	78	16	rulings	ruling	NOUN
taxlaw-2830	78	17	and	and	CCONJ
taxlaw-2830	78	18	regulations	regulation	NOUN
taxlaw-2830	78	19	,	,	PUNCT
taxlaw-2830	78	20	144	144	NUM
taxlaw-2830	78	21	tax	tax	NOUN
taxlaw-2830	78	22	notes	note	NOUN
taxlaw-2830	78	23	597	597	NUM
taxlaw-2830	78	24	(	(	PUNCT
taxlaw-2830	78	25	aug	aug	PROPN
taxlaw-2830	78	26	.	.	PROPN
taxlaw-2830	78	27	4	4	NUM
taxlaw-2830	78	28	,	,	PUNCT
taxlaw-2830	78	29	2014	2014	NUM
taxlaw-2830	78	30	)	)	PUNCT
taxlaw-2830	78	31	.	.	PUNCT
taxlaw-2830	79	1	11	11	NUM
taxlaw-2830	79	2	committee	committee	NOUN
taxlaw-2830	79	3	on	on	ADP
taxlaw-2830	79	4	ways	way	NOUN
taxlaw-2830	79	5	and	and	CCONJ
taxlaw-2830	79	6	means	mean	NOUN
taxlaw-2830	79	7	,	,	PUNCT
taxlaw-2830	79	8	tax	tax	NOUN
taxlaw-2830	79	9	reform	reform	NOUN
taxlaw-2830	79	10	act	act	NOUN
taxlaw-2830	79	11	of	of	ADP
taxlaw-2830	79	12	2014	2014	NUM
taxlaw-2830	79	13	,	,	PUNCT
taxlaw-2830	79	14	discussion	discussion	NOUN
taxlaw-2830	79	15	draft	draft	NOUN
taxlaw-2830	79	16	,	,	PUNCT
taxlaw-2830	79	17	section	section	NOUN
taxlaw-2830	79	18	-	-	PUNCT
taxlaw-2830	79	19	by	by	ADP
taxlaw-2830	79	20	-	-	PUNCT
taxlaw-2830	79	21	section	section	NOUN
taxlaw-2830	79	22	summary	summary	NOUN
taxlaw-2830	79	23	,	,	PUNCT
taxlaw-2830	79	24	section	section	NOUN
taxlaw-2830	79	25	3620	3620	NUM
taxlaw-2830	79	26	,	,	PUNCT
taxlaw-2830	79	27	available	available	ADJ
taxlaw-2830	79	28	at	at	ADP
taxlaw-2830	79	29	http://waysandmeans.house.gov/uploadedfiles/ways_and_means_section_by_section_summary_final_022614	http://waysandmeans.house.gov/uploadedfiles/ways_and_means_section_by_section_summary_final_022614	NUM
taxlaw-2830	79	30	.pdf	.pdf	NOUN
taxlaw-2830	79	31	.	.	PUNCT
taxlaw-2830	80	1	12	12	NUM
taxlaw-2830	80	2	for	for	ADP
taxlaw-2830	80	3	instance	instance	NOUN
taxlaw-2830	80	4	,	,	PUNCT
taxlaw-2830	80	5	senators	senators	PROPN
taxlaw-2830	80	6	max	max	PROPN
taxlaw-2830	80	7	baucus	baucus	PROPN
taxlaw-2830	80	8	and	and	CCONJ
taxlaw-2830	80	9	charles	charles	PROPN
taxlaw-2830	80	10	grassley	grassley	PROPN
taxlaw-2830	80	11	proposed	propose	VERB
taxlaw-2830	80	12	legislation	legislation	NOUN
taxlaw-2830	80	13	in	in	ADP
taxlaw-2830	80	14	2007	2007	NUM
taxlaw-2830	80	15	that	that	PRON
taxlaw-2830	80	16	would	would	AUX
taxlaw-2830	80	17	have	have	AUX
taxlaw-2830	80	18	limited	limit	VERB
taxlaw-2830	80	19	the	the	DET
taxlaw-2830	80	20	scope	scope	NOUN
taxlaw-2830	80	21	of	of	ADP
taxlaw-2830	80	22	the	the	DET
taxlaw-2830	80	23	exempt	exempt	ADJ
taxlaw-2830	80	24	publicly	publicly	ADV
taxlaw-2830	80	25	traded	trade	VERB
taxlaw-2830	80	26	partnership	partnership	NOUN
taxlaw-2830	80	27	rules	rule	NOUN
taxlaw-2830	80	28	.	.	PUNCT
taxlaw-2830	81	1	s.	s.	PROPN
taxlaw-2830	81	2	1624	1624	NUM
taxlaw-2830	81	3	,	,	PUNCT
taxlaw-2830	81	4	110th	110th	ADJ
taxlaw-2830	81	5	cong	cong	NOUN
taxlaw-2830	81	6	.	.	PUNCT
taxlaw-2830	82	1	(	(	PUNCT
taxlaw-2830	82	2	2007	2007	NUM
taxlaw-2830	82	3	)	)	PUNCT
taxlaw-2830	82	4	.	.	PUNCT
taxlaw-2830	83	1	for	for	ADP
taxlaw-2830	83	2	further	further	ADJ
taxlaw-2830	83	3	discussion	discussion	NOUN
taxlaw-2830	83	4	of	of	ADP
taxlaw-2830	83	5	the	the	DET
taxlaw-2830	83	6	legislation	legislation	NOUN
taxlaw-2830	83	7	,	,	PUNCT
taxlaw-2830	83	8	see	see	VERB
taxlaw-2830	83	9	victor	victor	NOUN
taxlaw-2830	83	10	fleischer	fleischer	PROPN
taxlaw-2830	83	11	,	,	PUNCT
taxlaw-2830	83	12	taxing	tax	VERB
taxlaw-2830	83	13	blackstone	blackstone	NOUN
taxlaw-2830	83	14	,	,	PUNCT
taxlaw-2830	83	15	61	61	NUM
taxlaw-2830	83	16	tax	tax	NOUN
taxlaw-2830	83	17	l.	l.	PROPN
taxlaw-2830	83	18	rev	rev	PROPN
taxlaw-2830	83	19	.	.	PROPN
taxlaw-2830	83	20	89	89	NUM
taxlaw-2830	83	21	,	,	PUNCT
taxlaw-2830	83	22	104	104	NUM
taxlaw-2830	83	23	-	-	SYM
taxlaw-2830	83	24	20	20	NUM
taxlaw-2830	83	25	(	(	PUNCT
taxlaw-2830	83	26	2008	2008	NUM
taxlaw-2830	83	27	)	)	PUNCT
taxlaw-2830	83	28	.	.	PUNCT
taxlaw-2830	84	1	for	for	ADP
taxlaw-2830	84	2	further	further	ADJ
taxlaw-2830	84	3	discussion	discussion	NOUN
taxlaw-2830	84	4	of	of	ADP
taxlaw-2830	84	5	lawmakers	lawmaker	NOUN
taxlaw-2830	84	6	‘	'	PUNCT
taxlaw-2830	84	7	consideration	consideration	NOUN
taxlaw-2830	84	8	of	of	ADP
taxlaw-2830	84	9	reform	reform	NOUN
taxlaw-2830	84	10	to	to	ADP
taxlaw-2830	84	11	the	the	DET
taxlaw-2830	84	12	tax	tax	NOUN
taxlaw-2830	84	13	treatment	treatment	NOUN
taxlaw-2830	84	14	of	of	ADP
taxlaw-2830	84	15	large	large	ADJ
taxlaw-2830	84	16	partnerships	partnership	NOUN
taxlaw-2830	84	17	,	,	PUNCT
taxlaw-2830	84	18	see	see	VERB
taxlaw-2830	84	19	,	,	PUNCT
taxlaw-2830	84	20	e.g.	e.g.	ADV
taxlaw-2830	84	21	,	,	PUNCT
taxlaw-2830	84	22	martin	martin	PROPN
taxlaw-2830	84	23	a.	a.	PROPN
taxlaw-2830	84	24	sullivan	sullivan	PROPN
taxlaw-2830	84	25	,	,	PUNCT
taxlaw-2830	84	26	economic	economic	ADJ
taxlaw-2830	84	27	analysis	analysis	NOUN
taxlaw-2830	84	28	:	:	PUNCT
taxlaw-2830	84	29	why	why	SCONJ
taxlaw-2830	84	30	not	not	PART
taxlaw-2830	84	31	tax	tax	VERB
taxlaw-2830	84	32	large	large	ADJ
taxlaw-2830	84	33	passthroughs	passthrough	NOUN
taxlaw-2830	84	34	as	as	ADP
taxlaw-2830	84	35	corporations	corporation	NOUN
taxlaw-2830	84	36	,	,	PUNCT
taxlaw-2830	84	37	131	131	NUM
taxlaw-2830	84	38	tax	tax	NOUN
taxlaw-2830	84	39	notes	note	NOUN
taxlaw-2830	84	40	1015	1015	NUM
taxlaw-2830	84	41	(	(	PUNCT
taxlaw-2830	84	42	2011	2011	NUM
taxlaw-2830	84	43	)	)	PUNCT
taxlaw-2830	84	44	.	.	PUNCT
taxlaw-2830	85	1	13	13	NUM
taxlaw-2830	85	2	committee	committee	NOUN
taxlaw-2830	85	3	on	on	ADP
taxlaw-2830	85	4	ways	way	NOUN
taxlaw-2830	85	5	and	and	CCONJ
taxlaw-2830	85	6	means	mean	NOUN
taxlaw-2830	85	7	,	,	PUNCT
taxlaw-2830	85	8	tax	tax	NOUN
taxlaw-2830	85	9	reform	reform	NOUN
taxlaw-2830	85	10	act	act	NOUN
taxlaw-2830	85	11	of	of	ADP
taxlaw-2830	85	12	2014	2014	NUM
taxlaw-2830	85	13	,	,	PUNCT
taxlaw-2830	85	14	discussion	discussion	NOUN
taxlaw-2830	85	15	draft	draft	NOUN
taxlaw-2830	85	16	,	,	PUNCT
taxlaw-2830	85	17	section	section	NOUN
taxlaw-2830	85	18	-	-	PUNCT
taxlaw-2830	85	19	by	by	ADP
taxlaw-2830	85	20	-	-	PUNCT
taxlaw-2830	85	21	section	section	NOUN
taxlaw-2830	85	22	summary	summary	NOUN
taxlaw-2830	85	23	,	,	PUNCT
taxlaw-2830	85	24	sections	section	NOUN
taxlaw-2830	85	25	3631	3631	NUM
taxlaw-2830	85	26	,	,	PUNCT
taxlaw-2830	85	27	3635	3635	NUM
taxlaw-2830	85	28	available	available	ADJ
taxlaw-2830	85	29	at	at	ADP
taxlaw-2830	85	30	http://waysandmeans.house.gov/uploadedfiles/ways_and_means_section_by_section_summary_final_022614	http://waysandmeans.house.gov/uploadedfiles/ways_and_means_section_by_section_summary_final_022614	NUM
taxlaw-2830	85	31	.pdf	.pdf	NOUN
taxlaw-2830	85	32	.	.	PUNCT
taxlaw-2830	86	1	14	14	NUM
taxlaw-2830	86	2	see	see	VERB
taxlaw-2830	86	3	infra	infra	NOUN
taxlaw-2830	86	4	part	part	NOUN
taxlaw-2830	86	5	iii.b	iii.b	NOUN
taxlaw-2830	86	6	.	.	NOUN
taxlaw-2830	86	7	2015	2015	NUM
taxlaw-2830	86	8	]	]	PUNCT
taxlaw-2830	86	9	taxing	tax	VERB
taxlaw-2830	86	10	publicly	publicly	ADV
taxlaw-2830	86	11	traded	trade	VERB
taxlaw-2830	86	12	entities	entity	NOUN
taxlaw-2830	86	13	151	151	NUM
taxlaw-2830	86	14	owners	owner	NOUN
taxlaw-2830	86	15	of	of	ADP
taxlaw-2830	86	16	a	a	DET
taxlaw-2830	86	17	publicly	publicly	ADV
taxlaw-2830	86	18	traded	trade	VERB
taxlaw-2830	86	19	entity	entity	NOUN
taxlaw-2830	86	20	could	could	AUX
taxlaw-2830	86	21	not	not	PART
taxlaw-2830	86	22	earn	earn	AUX
taxlaw-2830	86	23	directly	directly	ADV
taxlaw-2830	86	24	are	be	AUX
taxlaw-2830	86	25	classified	classify	VERB
taxlaw-2830	86	26	as	as	ADP
taxlaw-2830	86	27	qualifying	qualify	VERB
taxlaw-2830	86	28	income	income	NOUN
taxlaw-2830	86	29	.	.	PUNCT
taxlaw-2830	87	1	therefore	therefore	ADV
taxlaw-2830	87	2	,	,	PUNCT
taxlaw-2830	87	3	reform	reform	NOUN
taxlaw-2830	87	4	is	be	AUX
taxlaw-2830	87	5	warranted	warrant	VERB
taxlaw-2830	87	6	.	.	PUNCT
taxlaw-2830	88	1	to	to	PART
taxlaw-2830	88	2	reform	reform	VERB
taxlaw-2830	88	3	the	the	DET
taxlaw-2830	88	4	current	current	ADJ
taxlaw-2830	88	5	system	system	NOUN
taxlaw-2830	88	6	,	,	PUNCT
taxlaw-2830	88	7	this	this	DET
taxlaw-2830	88	8	article	article	NOUN
taxlaw-2830	88	9	proposes	propose	VERB
taxlaw-2830	88	10	narrowing	narrow	VERB
taxlaw-2830	88	11	the	the	DET
taxlaw-2830	88	12	scope	scope	NOUN
taxlaw-2830	88	13	of	of	ADP
taxlaw-2830	88	14	what	what	PRON
taxlaw-2830	88	15	may	may	AUX
taxlaw-2830	88	16	be	be	AUX
taxlaw-2830	88	17	classified	classify	VERB
taxlaw-2830	88	18	as	as	ADP
taxlaw-2830	88	19	qualifying	qualify	VERB
taxlaw-2830	88	20	income	income	NOUN
taxlaw-2830	88	21	so	so	SCONJ
taxlaw-2830	88	22	that	that	SCONJ
taxlaw-2830	88	23	special	special	ADJ
taxlaw-2830	88	24	tax	tax	NOUN
taxlaw-2830	88	25	treatment	treatment	NOUN
taxlaw-2830	88	26	is	be	AUX
taxlaw-2830	88	27	bestowed	bestow	VERB
taxlaw-2830	88	28	upon	upon	SCONJ
taxlaw-2830	88	29	publicly	publicly	ADV
taxlaw-2830	88	30	traded	trade	VERB
taxlaw-2830	88	31	entities	entity	NOUN
taxlaw-2830	88	32	only	only	ADV
taxlaw-2830	88	33	when	when	SCONJ
taxlaw-2830	88	34	warranted	warrant	VERB
taxlaw-2830	88	35	by	by	ADP
taxlaw-2830	88	36	underlying	underlie	VERB
taxlaw-2830	88	37	policy	policy	NOUN
taxlaw-2830	88	38	justifications	justification	NOUN
taxlaw-2830	88	39	.	.	PUNCT
taxlaw-2830	89	1	specifically	specifically	ADV
taxlaw-2830	89	2	,	,	PUNCT
taxlaw-2830	89	3	this	this	DET
taxlaw-2830	89	4	article	article	NOUN
taxlaw-2830	89	5	proposes	propose	VERB
taxlaw-2830	89	6	that	that	DET
taxlaw-2830	89	7	income	income	NOUN
taxlaw-2830	89	8	that	that	PRON
taxlaw-2830	89	9	is	be	AUX
taxlaw-2830	89	10	classified	classify	VERB
taxlaw-2830	89	11	as	as	ADP
taxlaw-2830	89	12	qualifying	qualify	VERB
taxlaw-2830	89	13	income	income	NOUN
taxlaw-2830	89	14	under	under	ADP
taxlaw-2830	89	15	current	current	ADJ
taxlaw-2830	89	16	law	law	NOUN
taxlaw-2830	89	17	should	should	AUX
taxlaw-2830	89	18	not	not	PART
taxlaw-2830	89	19	be	be	AUX
taxlaw-2830	89	20	classified	classify	VERB
taxlaw-2830	89	21	in	in	ADP
taxlaw-2830	89	22	that	that	DET
taxlaw-2830	89	23	manner	manner	NOUN
taxlaw-2830	89	24	unless	unless	SCONJ
taxlaw-2830	89	25	it	it	PRON
taxlaw-2830	89	26	is	be	AUX
taxlaw-2830	89	27	earned	earn	VERB
taxlaw-2830	89	28	by	by	ADP
taxlaw-2830	89	29	holding	hold	VERB
taxlaw-2830	89	30	a	a	DET
taxlaw-2830	89	31	publicly	publicly	ADV
taxlaw-2830	89	32	traded	trade	VERB
taxlaw-2830	89	33	asset	asset	NOUN
taxlaw-2830	89	34	.	.	PUNCT
taxlaw-2830	90	1	15	15	NUM
taxlaw-2830	90	2	furthermore	furthermore	ADV
taxlaw-2830	90	3	,	,	PUNCT
taxlaw-2830	90	4	income	income	NOUN
taxlaw-2830	90	5	earned	earn	VERB
taxlaw-2830	90	6	by	by	ADP
taxlaw-2830	90	7	a	a	DET
taxlaw-2830	90	8	publicly	publicly	ADV
taxlaw-2830	90	9	traded	trade	VERB
taxlaw-2830	90	10	entity	entity	NOUN
taxlaw-2830	90	11	that	that	PRON
taxlaw-2830	90	12	is	be	AUX
taxlaw-2830	90	13	―carried	―carrie	VERB
taxlaw-2830	90	14	interest‖	interest‖	PRON
taxlaw-2830	90	15	should	should	AUX
taxlaw-2830	90	16	never	never	ADV
taxlaw-2830	90	17	constitute	constitute	VERB
taxlaw-2830	90	18	qualifying	qualify	VERB
taxlaw-2830	90	19	income	income	NOUN
taxlaw-2830	90	20	.	.	PUNCT
taxlaw-2830	91	1	16	16	NUM
taxlaw-2830	91	2	as	as	SCONJ
taxlaw-2830	91	3	discussed	discuss	VERB
taxlaw-2830	91	4	below	below	ADV
taxlaw-2830	91	5	,	,	PUNCT
taxlaw-2830	91	6	―carried	―carrie	VERB
taxlaw-2830	91	7	interest‖	interest‖	PRON
taxlaw-2830	91	8	is	be	AUX
taxlaw-2830	91	9	a	a	DET
taxlaw-2830	91	10	percentage	percentage	NOUN
taxlaw-2830	91	11	of	of	ADP
taxlaw-2830	91	12	the	the	DET
taxlaw-2830	91	13	profits	profit	NOUN
taxlaw-2830	91	14	generated	generate	VERB
taxlaw-2830	91	15	by	by	ADP
taxlaw-2830	91	16	a	a	DET
taxlaw-2830	91	17	private	private	ADJ
taxlaw-2830	91	18	equity	equity	NOUN
taxlaw-2830	91	19	fund	fund	NOUN
taxlaw-2830	91	20	,	,	PUNCT
taxlaw-2830	91	21	real	real	ADJ
taxlaw-2830	91	22	estate	estate	NOUN
taxlaw-2830	91	23	fund	fund	NOUN
taxlaw-2830	91	24	,	,	PUNCT
taxlaw-2830	91	25	or	or	CCONJ
taxlaw-2830	91	26	hedge	hedge	NOUN
taxlaw-2830	91	27	fund	fund	NOUN
taxlaw-2830	91	28	that	that	PRON
taxlaw-2830	91	29	is	be	AUX
taxlaw-2830	91	30	earned	earn	VERB
taxlaw-2830	91	31	by	by	ADP
taxlaw-2830	91	32	the	the	DET
taxlaw-2830	91	33	fund‘s	fund‘s	PROPN
taxlaw-2830	91	34	sponsor	sponsor	NOUN
taxlaw-2830	91	35	.	.	PUNCT
taxlaw-2830	92	1	in	in	ADP
taxlaw-2830	92	2	addition	addition	NOUN
taxlaw-2830	92	3	to	to	ADP
taxlaw-2830	92	4	containing	contain	VERB
taxlaw-2830	92	5	an	an	DET
taxlaw-2830	92	6	overly	overly	ADV
taxlaw-2830	92	7	broad	broad	ADJ
taxlaw-2830	92	8	definition	definition	NOUN
taxlaw-2830	92	9	of	of	ADP
taxlaw-2830	92	10	―qualifying	―qualifye	VERB
taxlaw-2830	92	11	income,‖	income,‖	PROPN
taxlaw-2830	92	12	current	current	ADJ
taxlaw-2830	92	13	law	law	NOUN
taxlaw-2830	92	14	grants	grant	VERB
taxlaw-2830	92	15	favorable	favorable	ADJ
taxlaw-2830	92	16	treatment	treatment	NOUN
taxlaw-2830	92	17	to	to	ADP
taxlaw-2830	92	18	all	all	DET
taxlaw-2830	92	19	income	income	NOUN
taxlaw-2830	92	20	earned	earn	VERB
taxlaw-2830	92	21	by	by	ADP
taxlaw-2830	92	22	a	a	DET
taxlaw-2830	92	23	publicly	publicly	ADV
taxlaw-2830	92	24	traded	trade	VERB
taxlaw-2830	92	25	entity	entity	NOUN
taxlaw-2830	92	26	if	if	SCONJ
taxlaw-2830	92	27	and	and	CCONJ
taxlaw-2830	92	28	only	only	ADV
taxlaw-2830	92	29	if	if	SCONJ
taxlaw-2830	92	30	the	the	DET
taxlaw-2830	92	31	entity	entity	NOUN
taxlaw-2830	92	32	predominately	predominately	ADV
taxlaw-2830	92	33	earns	earn	VERB
taxlaw-2830	92	34	qualifying	qualify	VERB
taxlaw-2830	92	35	income	income	NOUN
taxlaw-2830	92	36	.	.	PUNCT
taxlaw-2830	93	1	this	this	DET
taxlaw-2830	93	2	article	article	NOUN
taxlaw-2830	93	3	assesses	assess	VERB
taxlaw-2830	93	4	whether	whether	SCONJ
taxlaw-2830	93	5	tax	tax	NOUN
taxlaw-2830	93	6	law	law	NOUN
taxlaw-2830	93	7	should	should	AUX
taxlaw-2830	93	8	,	,	PUNCT
taxlaw-2830	93	9	instead	instead	ADV
taxlaw-2830	93	10	,	,	PUNCT
taxlaw-2830	93	11	grant	grant	VERB
taxlaw-2830	93	12	special	special	ADJ
taxlaw-2830	93	13	tax	tax	NOUN
taxlaw-2830	93	14	treatment	treatment	NOUN
taxlaw-2830	93	15	to	to	ADP
taxlaw-2830	93	16	only	only	ADV
taxlaw-2830	93	17	qualifying	qualify	VERB
taxlaw-2830	93	18	income	income	NOUN
taxlaw-2830	93	19	earned	earn	VERB
taxlaw-2830	93	20	by	by	ADP
taxlaw-2830	93	21	a	a	DET
taxlaw-2830	93	22	publicly	publicly	ADV
taxlaw-2830	93	23	traded	trade	VERB
taxlaw-2830	93	24	entity	entity	NOUN
taxlaw-2830	93	25	,	,	PUNCT
taxlaw-2830	93	26	but	but	CCONJ
taxlaw-2830	93	27	with	with	ADP
taxlaw-2830	93	28	the	the	DET
taxlaw-2830	93	29	special	special	ADJ
taxlaw-2830	93	30	treatment	treatment	NOUN
taxlaw-2830	93	31	applying	apply	VERB
taxlaw-2830	93	32	regardless	regardless	ADV
taxlaw-2830	93	33	of	of	ADP
taxlaw-2830	93	34	whether	whether	SCONJ
taxlaw-2830	93	35	the	the	DET
taxlaw-2830	93	36	entity	entity	NOUN
taxlaw-2830	93	37	earns	earn	VERB
taxlaw-2830	93	38	predominately	predominately	ADV
taxlaw-2830	93	39	qualifying	qualify	VERB
taxlaw-2830	93	40	income	income	NOUN
taxlaw-2830	93	41	.	.	PUNCT
taxlaw-2830	94	1	17	17	NUM
taxlaw-2830	95	1	ultimately	ultimately	ADV
taxlaw-2830	95	2	,	,	PUNCT
taxlaw-2830	95	3	the	the	DET
taxlaw-2830	95	4	article	article	NOUN
taxlaw-2830	95	5	concludes	conclude	VERB
taxlaw-2830	95	6	that	that	SCONJ
taxlaw-2830	95	7	,	,	PUNCT
taxlaw-2830	95	8	on	on	ADP
taxlaw-2830	95	9	balance	balance	NOUN
taxlaw-2830	95	10	,	,	PUNCT
taxlaw-2830	95	11	concerns	concern	NOUN
taxlaw-2830	95	12	about	about	ADP
taxlaw-2830	95	13	complexity	complexity	NOUN
taxlaw-2830	95	14	justify	justify	VERB
taxlaw-2830	95	15	continuation	continuation	NOUN
taxlaw-2830	95	16	of	of	ADP
taxlaw-2830	95	17	a	a	DET
taxlaw-2830	95	18	regime	regime	NOUN
taxlaw-2830	95	19	under	under	ADP
taxlaw-2830	95	20	which	which	PRON
taxlaw-2830	95	21	beneficial	beneficial	ADJ
taxlaw-2830	95	22	treatment	treatment	NOUN
taxlaw-2830	95	23	applies	apply	VERB
taxlaw-2830	95	24	to	to	ADP
taxlaw-2830	95	25	all	all	DET
taxlaw-2830	95	26	income	income	NOUN
taxlaw-2830	95	27	earned	earn	VERB
taxlaw-2830	95	28	by	by	ADP
taxlaw-2830	95	29	a	a	DET
taxlaw-2830	95	30	publicly	publicly	ADV
taxlaw-2830	95	31	traded	trade	VERB
taxlaw-2830	95	32	entity	entity	NOUN
taxlaw-2830	95	33	if	if	SCONJ
taxlaw-2830	95	34	and	and	CCONJ
taxlaw-2830	95	35	only	only	ADV
taxlaw-2830	95	36	if	if	SCONJ
taxlaw-2830	95	37	the	the	DET
taxlaw-2830	95	38	entity	entity	NOUN
taxlaw-2830	95	39	predominately	predominately	ADV
taxlaw-2830	95	40	earns	earn	VERB
taxlaw-2830	95	41	qualifying	qualify	VERB
taxlaw-2830	95	42	income	income	NOUN
taxlaw-2830	95	43	,	,	PUNCT
taxlaw-2830	95	44	provided	provide	VERB
taxlaw-2830	95	45	that	that	SCONJ
taxlaw-2830	95	46	the	the	DET
taxlaw-2830	95	47	scope	scope	NOUN
taxlaw-2830	95	48	of	of	ADP
taxlaw-2830	95	49	what	what	PRON
taxlaw-2830	95	50	may	may	AUX
taxlaw-2830	95	51	be	be	AUX
taxlaw-2830	95	52	classified	classify	VERB
taxlaw-2830	95	53	as	as	ADP
taxlaw-2830	95	54	qualifying	qualify	VERB
taxlaw-2830	95	55	income	income	NOUN
taxlaw-2830	95	56	is	be	AUX
taxlaw-2830	95	57	narrowed	narrow	VERB
taxlaw-2830	95	58	in	in	ADP
taxlaw-2830	95	59	the	the	DET
taxlaw-2830	95	60	manner	manner	NOUN
taxlaw-2830	95	61	proposed	propose	VERB
taxlaw-2830	95	62	by	by	ADP
taxlaw-2830	95	63	this	this	DET
taxlaw-2830	95	64	article	article	NOUN
taxlaw-2830	95	65	.	.	PUNCT
taxlaw-2830	96	1	the	the	DET
taxlaw-2830	96	2	reforms	reform	NOUN
taxlaw-2830	96	3	proposed	propose	VERB
taxlaw-2830	96	4	by	by	ADP
taxlaw-2830	96	5	this	this	DET
taxlaw-2830	96	6	article	article	NOUN
taxlaw-2830	96	7	would	would	AUX
taxlaw-2830	96	8	create	create	VERB
taxlaw-2830	96	9	a	a	DET
taxlaw-2830	96	10	more	more	ADV
taxlaw-2830	96	11	rational	rational	ADJ
taxlaw-2830	96	12	system	system	NOUN
taxlaw-2830	96	13	than	than	ADP
taxlaw-2830	96	14	what	what	PRON
taxlaw-2830	96	15	currently	currently	ADV
taxlaw-2830	96	16	exists	exist	VERB
taxlaw-2830	96	17	.	.	PUNCT
taxlaw-2830	97	1	furthermore	furthermore	ADV
taxlaw-2830	97	2	,	,	PUNCT
taxlaw-2830	97	3	these	these	DET
taxlaw-2830	97	4	reforms	reform	NOUN
taxlaw-2830	97	5	would	would	AUX
taxlaw-2830	97	6	have	have	VERB
taxlaw-2830	97	7	the	the	DET
taxlaw-2830	97	8	additional	additional	ADJ
taxlaw-2830	97	9	benefit	benefit	NOUN
taxlaw-2830	97	10	of	of	ADP
taxlaw-2830	97	11	eliminating	eliminate	VERB
taxlaw-2830	97	12	the	the	DET
taxlaw-2830	97	13	effectiveness	effectiveness	NOUN
taxlaw-2830	97	14	of	of	ADP
taxlaw-2830	97	15	the	the	DET
taxlaw-2830	97	16	wasteful	wasteful	ADJ
taxlaw-2830	97	17	,	,	PUNCT
taxlaw-2830	97	18	elaborate	elaborate	ADJ
taxlaw-2830	97	19	tax	tax	NOUN
taxlaw-2830	97	20	structuring	structuring	NOUN
taxlaw-2830	97	21	techniques	technique	NOUN
taxlaw-2830	97	22	employed	employ	VERB
taxlaw-2830	97	23	by	by	ADP
taxlaw-2830	97	24	the	the	DET
taxlaw-2830	97	25	new	new	ADJ
taxlaw-2830	97	26	generation	generation	NOUN
taxlaw-2830	97	27	of	of	ADP
taxlaw-2830	97	28	reits	reit	NOUN
taxlaw-2830	97	29	and	and	CCONJ
taxlaw-2830	97	30	publicly	publicly	ADV
taxlaw-2830	97	31	traded	trade	VERB
taxlaw-2830	97	32	partnerships	partnership	NOUN
taxlaw-2830	97	33	recently	recently	ADV
taxlaw-2830	97	34	featured	feature	VERB
taxlaw-2830	97	35	in	in	ADP
taxlaw-2830	97	36	the	the	DET
taxlaw-2830	97	37	popular	popular	ADJ
taxlaw-2830	97	38	press	press	NOUN
taxlaw-2830	97	39	.	.	PUNCT
taxlaw-2830	98	1	this	this	DET
taxlaw-2830	98	2	article	article	NOUN
taxlaw-2830	98	3	proceeds	proceed	VERB
taxlaw-2830	98	4	as	as	SCONJ
taxlaw-2830	98	5	follows	follow	VERB
taxlaw-2830	98	6	.	.	PUNCT
taxlaw-2830	99	1	part	part	PROPN
taxlaw-2830	99	2	ii	ii	PROPN
taxlaw-2830	99	3	describes	describe	VERB
taxlaw-2830	99	4	the	the	DET
taxlaw-2830	99	5	current	current	ADJ
taxlaw-2830	99	6	state	state	NOUN
taxlaw-2830	99	7	of	of	ADP
taxlaw-2830	99	8	law	law	NOUN
taxlaw-2830	99	9	.	.	PUNCT
taxlaw-2830	100	1	it	it	PRON
taxlaw-2830	100	2	discusses	discuss	VERB
taxlaw-2830	100	3	how	how	SCONJ
taxlaw-2830	100	4	publicly	publicly	ADV
taxlaw-2830	100	5	traded	trade	VERB
taxlaw-2830	100	6	entities	entity	NOUN
taxlaw-2830	100	7	are	be	AUX
taxlaw-2830	100	8	treated	treat	VERB
taxlaw-2830	100	9	for	for	ADP
taxlaw-2830	100	10	tax	tax	NOUN
taxlaw-2830	100	11	purposes	purpose	NOUN
taxlaw-2830	100	12	,	,	PUNCT
taxlaw-2830	100	13	it	it	PRON
taxlaw-2830	100	14	describes	describe	VERB
taxlaw-2830	100	15	the	the	DET
taxlaw-2830	100	16	special	special	ADJ
taxlaw-2830	100	17	tax	tax	NOUN
taxlaw-2830	100	18	treatment	treatment	NOUN
taxlaw-2830	100	19	granted	grant	VERB
taxlaw-2830	100	20	to	to	ADP
taxlaw-2830	100	21	certain	certain	ADJ
taxlaw-2830	100	22	publicly	publicly	ADV
taxlaw-2830	100	23	traded	trade	VERB
taxlaw-2830	100	24	entities	entity	NOUN
taxlaw-2830	100	25	,	,	PUNCT
taxlaw-2830	100	26	and	and	CCONJ
taxlaw-2830	100	27	it	it	PRON
taxlaw-2830	100	28	explains	explain	VERB
taxlaw-2830	100	29	the	the	DET
taxlaw-2830	100	30	new	new	ADJ
taxlaw-2830	100	31	tax	tax	NOUN
taxlaw-2830	100	32	structuring	structuring	NOUN
taxlaw-2830	100	33	techniques	technique	NOUN
taxlaw-2830	100	34	used	use	VERB
taxlaw-2830	100	35	by	by	ADP
taxlaw-2830	100	36	entities	entity	NOUN
taxlaw-2830	100	37	to	to	PART
taxlaw-2830	100	38	qualify	qualify	VERB
taxlaw-2830	100	39	for	for	ADP
taxlaw-2830	100	40	special	special	ADJ
taxlaw-2830	100	41	tax	tax	NOUN
taxlaw-2830	100	42	treatment	treatment	NOUN
taxlaw-2830	100	43	.	.	PUNCT
taxlaw-2830	101	1	part	part	NOUN
taxlaw-2830	101	2	iii	iii	NUM
taxlaw-2830	101	3	explores	explore	NOUN
taxlaw-2830	101	4	potential	potential	ADJ
taxlaw-2830	101	5	justifications	justification	NOUN
taxlaw-2830	101	6	for	for	ADP
taxlaw-2830	101	7	current	current	ADJ
taxlaw-2830	101	8	law	law	NOUN
taxlaw-2830	101	9	.	.	PUNCT
taxlaw-2830	102	1	part	part	NOUN
taxlaw-2830	102	2	iv	iv	NUM
taxlaw-2830	102	3	highlights	highlight	NOUN
taxlaw-2830	102	4	some	some	DET
taxlaw-2830	102	5	troubling	troubling	ADJ
taxlaw-2830	102	6	15	15	NUM
taxlaw-2830	102	7	for	for	ADP
taxlaw-2830	102	8	discussion	discussion	NOUN
taxlaw-2830	102	9	of	of	ADP
taxlaw-2830	102	10	this	this	DET
taxlaw-2830	102	11	proposal	proposal	NOUN
taxlaw-2830	102	12	in	in	ADP
taxlaw-2830	102	13	the	the	DET
taxlaw-2830	102	14	context	context	NOUN
taxlaw-2830	102	15	of	of	ADP
taxlaw-2830	102	16	the	the	DET
taxlaw-2830	102	17	publicly	publicly	ADV
taxlaw-2830	102	18	traded	trade	VERB
taxlaw-2830	102	19	partnership	partnership	NOUN
taxlaw-2830	102	20	rules	rule	NOUN
taxlaw-2830	102	21	,	,	PUNCT
taxlaw-2830	102	22	see	see	VERB
taxlaw-2830	102	23	emily	emily	PROPN
taxlaw-2830	102	24	cauble	cauble	NOUN
taxlaw-2830	102	25	,	,	PUNCT
taxlaw-2830	102	26	redefining	redefine	VERB
taxlaw-2830	102	27	qualifying	qualify	VERB
taxlaw-2830	102	28	income	income	NOUN
taxlaw-2830	102	29	for	for	ADP
taxlaw-2830	102	30	publicly	publicly	ADV
taxlaw-2830	102	31	traded	trade	VERB
taxlaw-2830	102	32	partnerships	partnership	NOUN
taxlaw-2830	102	33	,	,	PUNCT
taxlaw-2830	102	34	145	145	NUM
taxlaw-2830	102	35	tax	tax	NOUN
taxlaw-2830	102	36	notes	note	NOUN
taxlaw-2830	102	37	107	107	NUM
taxlaw-2830	102	38	(	(	PUNCT
taxlaw-2830	102	39	2014	2014	NUM
taxlaw-2830	102	40	)	)	PUNCT
taxlaw-2830	102	41	.	.	PUNCT
taxlaw-2830	103	1	16	16	NUM
taxlaw-2830	103	2	for	for	ADP
taxlaw-2830	103	3	discussion	discussion	NOUN
taxlaw-2830	103	4	of	of	ADP
taxlaw-2830	103	5	this	this	DET
taxlaw-2830	103	6	proposal	proposal	NOUN
taxlaw-2830	103	7	in	in	ADP
taxlaw-2830	103	8	the	the	DET
taxlaw-2830	103	9	context	context	NOUN
taxlaw-2830	103	10	of	of	ADP
taxlaw-2830	103	11	the	the	DET
taxlaw-2830	103	12	publicly	publicly	ADV
taxlaw-2830	103	13	traded	trade	VERB
taxlaw-2830	103	14	partnership	partnership	NOUN
taxlaw-2830	103	15	rules	rule	NOUN
taxlaw-2830	103	16	,	,	PUNCT
taxlaw-2830	103	17	see	see	VERB
taxlaw-2830	103	18	cauble	cauble	NOUN
taxlaw-2830	103	19	,	,	PUNCT
taxlaw-2830	103	20	supra	supra	PROPN
taxlaw-2830	103	21	note	note	NOUN
taxlaw-2830	103	22	15	15	NUM
taxlaw-2830	103	23	,	,	PUNCT
taxlaw-2830	103	24	at	at	ADP
taxlaw-2830	103	25	46	46	NUM
taxlaw-2830	103	26	.	.	PUNCT
taxlaw-2830	103	27	17	17	NUM
taxlaw-2830	104	1	this	this	DET
taxlaw-2830	104	2	question	question	NOUN
taxlaw-2830	104	3	has	have	AUX
taxlaw-2830	104	4	been	be	AUX
taxlaw-2830	104	5	raised	raise	VERB
taxlaw-2830	104	6	briefly	briefly	ADV
taxlaw-2830	104	7	in	in	ADP
taxlaw-2830	104	8	earlier	early	ADJ
taxlaw-2830	104	9	work	work	NOUN
taxlaw-2830	104	10	.	.	PUNCT
taxlaw-2830	105	1	see	see	VERB
taxlaw-2830	105	2	emily	emily	PROPN
taxlaw-2830	105	3	cauble	cauble	PROPN
taxlaw-2830	105	4	&	&	CCONJ
taxlaw-2830	105	5	gregg	gregg	PROPN
taxlaw-2830	105	6	d.	d.	PROPN
taxlaw-2830	105	7	polsky	polsky	PROPN
taxlaw-2830	105	8	,	,	PUNCT
taxlaw-2830	105	9	the	the	DET
taxlaw-2830	105	10	problem	problem	NOUN
taxlaw-2830	105	11	of	of	ADP
taxlaw-2830	105	12	abusive	abusive	ADJ
taxlaw-2830	105	13	related	relate	VERB
taxlaw-2830	105	14	-	-	PUNCT
taxlaw-2830	105	15	partner	partner	NOUN
taxlaw-2830	105	16	allocations	allocation	NOUN
taxlaw-2830	105	17	16	16	NUM
taxlaw-2830	105	18	fla	fla	NOUN
taxlaw-2830	105	19	.	.	PUNCT
taxlaw-2830	106	1	tax	tax	PROPN
taxlaw-2830	106	2	rev	rev	PROPN
taxlaw-2830	106	3	.	.	PROPN
taxlaw-2830	106	4	479	479	NUM
taxlaw-2830	106	5	,	,	PUNCT
taxlaw-2830	106	6	518	518	NUM
taxlaw-2830	106	7	(	(	PUNCT
taxlaw-2830	106	8	2014	2014	NUM
taxlaw-2830	106	9	)	)	PUNCT
taxlaw-2830	106	10	(	(	PUNCT
taxlaw-2830	106	11	―while	―while	NOUN
taxlaw-2830	106	12	a	a	DET
taxlaw-2830	106	13	full	full	ADJ
taxlaw-2830	106	14	ventilation	ventilation	NOUN
taxlaw-2830	106	15	of	of	ADP
taxlaw-2830	106	16	this	this	DET
taxlaw-2830	106	17	broader	broad	ADJ
taxlaw-2830	106	18	concern	concern	NOUN
taxlaw-2830	106	19	is	be	AUX
taxlaw-2830	106	20	left	leave	VERB
taxlaw-2830	106	21	for	for	ADP
taxlaw-2830	106	22	another	another	DET
taxlaw-2830	106	23	day	day	NOUN
taxlaw-2830	106	24	,	,	PUNCT
taxlaw-2830	106	25	it	it	PRON
taxlaw-2830	106	26	is	be	AUX
taxlaw-2830	106	27	worth	worth	ADJ
taxlaw-2830	106	28	noting	note	VERB
taxlaw-2830	106	29	that	that	SCONJ
taxlaw-2830	106	30	the	the	DET
taxlaw-2830	106	31	critical	critical	ADJ
taxlaw-2830	106	32	issue	issue	NOUN
taxlaw-2830	106	33	appears	appear	VERB
taxlaw-2830	106	34	to	to	PART
taxlaw-2830	106	35	be	be	AUX
taxlaw-2830	106	36	whether	whether	SCONJ
taxlaw-2830	106	37	the	the	DET
taxlaw-2830	106	38	tax	tax	NOUN
taxlaw-2830	106	39	system	system	NOUN
taxlaw-2830	106	40	should	should	AUX
taxlaw-2830	106	41	,	,	PUNCT
taxlaw-2830	106	42	in	in	ADP
taxlaw-2830	106	43	the	the	DET
taxlaw-2830	106	44	context	context	NOUN
taxlaw-2830	106	45	of	of	ADP
taxlaw-2830	106	46	publicly	publicly	ADV
taxlaw-2830	106	47	traded	trade	VERB
taxlaw-2830	106	48	entities	entity	NOUN
taxlaw-2830	106	49	(	(	PUNCT
taxlaw-2830	106	50	1	1	X
taxlaw-2830	106	51	)	)	PUNCT
taxlaw-2830	106	52	always	always	ADV
taxlaw-2830	106	53	tax	tax	NOUN
taxlaw-2830	106	54	qualifying	qualifying	NOUN
taxlaw-2830	106	55	income	income	NOUN
taxlaw-2830	106	56	at	at	ADP
taxlaw-2830	106	57	the	the	DET
taxlaw-2830	106	58	entity	entity	NOUN
taxlaw-2830	106	59	level	level	NOUN
taxlaw-2830	106	60	,	,	PUNCT
taxlaw-2830	106	61	(	(	PUNCT
taxlaw-2830	106	62	2	2	X
taxlaw-2830	106	63	)	)	PUNCT
taxlaw-2830	106	64	never	never	ADV
taxlaw-2830	106	65	tax	tax	VERB
taxlaw-2830	106	66	qualifying	qualifying	NOUN
taxlaw-2830	106	67	income	income	NOUN
taxlaw-2830	106	68	at	at	ADP
taxlaw-2830	106	69	the	the	DET
taxlaw-2830	106	70	entity	entity	NOUN
taxlaw-2830	106	71	level	level	NOUN
taxlaw-2830	106	72	,	,	PUNCT
taxlaw-2830	106	73	or	or	CCONJ
taxlaw-2830	106	74	(	(	PUNCT
taxlaw-2830	106	75	3	3	X
taxlaw-2830	106	76	)	)	PUNCT
taxlaw-2830	106	77	sometimes	sometimes	ADV
taxlaw-2830	106	78	tax	tax	NOUN
taxlaw-2830	106	79	qualifying	qualifying	NOUN
taxlaw-2830	106	80	income	income	NOUN
taxlaw-2830	106	81	at	at	ADP
taxlaw-2830	106	82	the	the	DET
taxlaw-2830	106	83	entity	entity	NOUN
taxlaw-2830	106	84	level	level	NOUN
taxlaw-2830	106	85	depending	depend	VERB
taxlaw-2830	106	86	on	on	ADP
taxlaw-2830	106	87	the	the	DET
taxlaw-2830	106	88	amount	amount	NOUN
taxlaw-2830	106	89	of	of	ADP
taxlaw-2830	106	90	non	non	ADJ
taxlaw-2830	106	91	-	-	ADJ
taxlaw-2830	106	92	qualifying	qualifying	ADJ
taxlaw-2830	106	93	income	income	NOUN
taxlaw-2830	106	94	earned	earn	VERB
taxlaw-2830	106	95	by	by	ADP
taxlaw-2830	106	96	the	the	DET
taxlaw-2830	106	97	entity	entity	NOUN
taxlaw-2830	106	98	—	—	PUNCT
taxlaw-2830	106	99	a	a	DET
taxlaw-2830	106	100	factor	factor	NOUN
taxlaw-2830	106	101	that	that	PRON
taxlaw-2830	106	102	is	be	AUX
taxlaw-2830	106	103	sometimes	sometimes	ADV
taxlaw-2830	106	104	within	within	ADP
taxlaw-2830	106	105	the	the	DET
taxlaw-2830	106	106	entity‘s	entity‘s	PROPN
taxlaw-2830	106	107	control	control	NOUN
taxlaw-2830	106	108	if	if	SCONJ
taxlaw-2830	106	109	it	it	PRON
taxlaw-2830	106	110	avails	avail	VERB
taxlaw-2830	106	111	itself	itself	PRON
taxlaw-2830	106	112	of	of	ADP
taxlaw-2830	106	113	sophisticated	sophisticated	ADJ
taxlaw-2830	106	114	tax	tax	NOUN
taxlaw-2830	106	115	planning	planning	NOUN
taxlaw-2830	106	116	.	.	PUNCT
taxlaw-2830	107	1	our	our	PRON
taxlaw-2830	107	2	current	current	ADJ
taxlaw-2830	107	3	system	system	NOUN
taxlaw-2830	107	4	can	can	AUX
taxlaw-2830	107	5	be	be	AUX
taxlaw-2830	107	6	described	describe	VERB
taxlaw-2830	107	7	as	as	ADP
taxlaw-2830	107	8	using	use	VERB
taxlaw-2830	107	9	the	the	DET
taxlaw-2830	107	10	third	third	ADJ
taxlaw-2830	107	11	approach	approach	NOUN
taxlaw-2830	107	12	,	,	PUNCT
taxlaw-2830	107	13	which	which	PRON
taxlaw-2830	107	14	seems	seem	VERB
taxlaw-2830	107	15	to	to	PART
taxlaw-2830	107	16	be	be	AUX
taxlaw-2830	107	17	the	the	DET
taxlaw-2830	107	18	worst	bad	ADJ
taxlaw-2830	107	19	of	of	ADP
taxlaw-2830	107	20	the	the	DET
taxlaw-2830	107	21	three	three	NUM
taxlaw-2830	107	22	options‖	options‖	NUM
taxlaw-2830	107	23	)	)	PUNCT
taxlaw-2830	107	24	;	;	PUNCT
taxlaw-2830	107	25	emily	emily	PROPN
taxlaw-2830	107	26	cauble	cauble	PROPN
taxlaw-2830	107	27	,	,	PUNCT
taxlaw-2830	107	28	was	be	AUX
taxlaw-2830	107	29	blackstone	blackstone	NOUN
taxlaw-2830	107	30	’s	’s	PART
taxlaw-2830	107	31	initial	initial	ADJ
taxlaw-2830	107	32	public	public	ADJ
taxlaw-2830	107	33	offering	offering	NOUN
taxlaw-2830	107	34	too	too	ADV
taxlaw-2830	107	35	good	good	ADJ
taxlaw-2830	107	36	to	to	PART
taxlaw-2830	107	37	be	be	AUX
taxlaw-2830	107	38	true	true	ADJ
taxlaw-2830	107	39	?	?	PUNCT
taxlaw-2830	107	40	:	:	PUNCT
taxlaw-2830	107	41	a	a	DET
taxlaw-2830	107	42	case	case	NOUN
taxlaw-2830	107	43	study	study	NOUN
taxlaw-2830	107	44	in	in	ADP
taxlaw-2830	107	45	closing	closing	NOUN
taxlaw-2830	107	46	loopholes	loophole	NOUN
taxlaw-2830	107	47	in	in	ADP
taxlaw-2830	107	48	the	the	DET
taxlaw-2830	107	49	partnership	partnership	NOUN
taxlaw-2830	107	50	tax	tax	NOUN
taxlaw-2830	107	51	allocation	allocation	NOUN
taxlaw-2830	107	52	rules	rule	NOUN
taxlaw-2830	107	53	,	,	PUNCT
taxlaw-2830	107	54	14	14	NUM
taxlaw-2830	107	55	fla	fla	NOUN
taxlaw-2830	107	56	.	.	PUNCT
taxlaw-2830	108	1	tax	tax	PROPN
taxlaw-2830	108	2	rev	rev	PROPN
taxlaw-2830	108	3	.	.	PROPN
taxlaw-2830	108	4	153	153	NUM
taxlaw-2830	108	5	,	,	PUNCT
taxlaw-2830	108	6	202	202	NUM
taxlaw-2830	108	7	-	-	SYM
taxlaw-2830	108	8	203	203	NUM
taxlaw-2830	108	9	(	(	PUNCT
taxlaw-2830	108	10	2013	2013	NUM
taxlaw-2830	108	11	)	)	PUNCT
taxlaw-2830	109	1	(	(	PUNCT
taxlaw-2830	109	2	mentioning	mention	VERB
taxlaw-2830	109	3	the	the	DET
taxlaw-2830	109	4	possibility	possibility	NOUN
taxlaw-2830	109	5	that	that	SCONJ
taxlaw-2830	109	6	congress	congress	PROPN
taxlaw-2830	109	7	could	could	AUX
taxlaw-2830	109	8	enact	enact	VERB
taxlaw-2830	109	9	a	a	DET
taxlaw-2830	109	10	rule	rule	NOUN
taxlaw-2830	109	11	for	for	ADP
taxlaw-2830	109	12	publicly	publicly	ADV
taxlaw-2830	109	13	traded	trade	VERB
taxlaw-2830	109	14	partnerships	partnership	NOUN
taxlaw-2830	109	15	that	that	PRON
taxlaw-2830	109	16	would	would	AUX
taxlaw-2830	109	17	,	,	PUNCT
taxlaw-2830	109	18	in	in	ADP
taxlaw-2830	109	19	all	all	DET
taxlaw-2830	109	20	cases	case	NOUN
taxlaw-2830	109	21	,	,	PUNCT
taxlaw-2830	109	22	subject	subject	ADJ
taxlaw-2830	109	23	only	only	ADV
taxlaw-2830	109	24	nonqualifying	nonqualifye	VERB
taxlaw-2830	109	25	income	income	NOUN
taxlaw-2830	109	26	to	to	ADP
taxlaw-2830	109	27	corporate	corporate	ADJ
taxlaw-2830	109	28	-	-	PUNCT
taxlaw-2830	109	29	level	level	NOUN
taxlaw-2830	109	30	tax	tax	NOUN
taxlaw-2830	109	31	)	)	PUNCT
taxlaw-2830	109	32	.	.	PUNCT
taxlaw-2830	110	1	this	this	DET
taxlaw-2830	110	2	article	article	NOUN
taxlaw-2830	110	3	builds	build	VERB
taxlaw-2830	110	4	upon	upon	SCONJ
taxlaw-2830	110	5	that	that	SCONJ
taxlaw-2830	110	6	earlier	early	ADV
taxlaw-2830	110	7	work	work	NOUN
taxlaw-2830	110	8	by	by	ADP
taxlaw-2830	110	9	undertaking	undertake	VERB
taxlaw-2830	110	10	a	a	DET
taxlaw-2830	110	11	thorough	thorough	ADJ
taxlaw-2830	110	12	analysis	analysis	NOUN
taxlaw-2830	110	13	of	of	ADP
taxlaw-2830	110	14	this	this	DET
taxlaw-2830	110	15	question	question	NOUN
taxlaw-2830	110	16	in	in	ADP
taxlaw-2830	110	17	the	the	DET
taxlaw-2830	110	18	context	context	NOUN
taxlaw-2830	110	19	of	of	ADP
taxlaw-2830	110	20	considering	consider	VERB
taxlaw-2830	110	21	rationales	rationale	NOUN
taxlaw-2830	110	22	for	for	ADP
taxlaw-2830	110	23	granting	grant	VERB
taxlaw-2830	110	24	special	special	ADJ
taxlaw-2830	110	25	tax	tax	NOUN
taxlaw-2830	110	26	treatment	treatment	NOUN
taxlaw-2830	110	27	to	to	ADP
taxlaw-2830	110	28	certain	certain	ADJ
taxlaw-2830	110	29	entities	entity	NOUN
taxlaw-2830	110	30	.	.	PUNCT
taxlaw-2830	111	1	columbia	columbia	PROPN
taxlaw-2830	111	2	journal	journal	PROPN
taxlaw-2830	111	3	of	of	ADP
taxlaw-2830	111	4	tax	tax	NOUN
taxlaw-2830	111	5	law	law	NOUN
taxlaw-2830	112	1	[	[	X
taxlaw-2830	112	2	vol.6:147	vol.6:147	NOUN
taxlaw-2830	112	3	152	152	NUM
taxlaw-2830	112	4	aspects	aspect	NOUN
taxlaw-2830	112	5	of	of	ADP
taxlaw-2830	112	6	the	the	DET
taxlaw-2830	112	7	current	current	ADJ
taxlaw-2830	112	8	taxation	taxation	NOUN
taxlaw-2830	112	9	of	of	ADP
taxlaw-2830	112	10	publicly	publicly	ADV
taxlaw-2830	112	11	traded	trade	VERB
taxlaw-2830	112	12	entities	entity	NOUN
taxlaw-2830	112	13	,	,	PUNCT
taxlaw-2830	112	14	illustrating	illustrate	VERB
taxlaw-2830	112	15	how	how	SCONJ
taxlaw-2830	112	16	current	current	ADJ
taxlaw-2830	112	17	law	law	NOUN
taxlaw-2830	112	18	is	be	AUX
taxlaw-2830	112	19	not	not	PART
taxlaw-2830	112	20	well	well	ADV
taxlaw-2830	112	21	suited	suited	ADJ
taxlaw-2830	112	22	to	to	PART
taxlaw-2830	112	23	achieve	achieve	VERB
taxlaw-2830	112	24	any	any	PRON
taxlaw-2830	112	25	of	of	ADP
taxlaw-2830	112	26	the	the	DET
taxlaw-2830	112	27	conceivable	conceivable	ADJ
taxlaw-2830	112	28	rationales	rationale	NOUN
taxlaw-2830	112	29	for	for	ADP
taxlaw-2830	112	30	granting	grant	VERB
taxlaw-2830	112	31	special	special	ADJ
taxlaw-2830	112	32	treatment	treatment	NOUN
taxlaw-2830	112	33	to	to	ADP
taxlaw-2830	112	34	certain	certain	ADJ
taxlaw-2830	112	35	publicly	publicly	ADV
taxlaw-2830	112	36	traded	trade	VERB
taxlaw-2830	112	37	entities	entity	NOUN
taxlaw-2830	112	38	.	.	PUNCT
taxlaw-2830	113	1	part	part	NOUN
taxlaw-2830	113	2	v	v	ADP
taxlaw-2830	113	3	describes	describe	NOUN
taxlaw-2830	113	4	and	and	CCONJ
taxlaw-2830	113	5	evaluates	evaluate	VERB
taxlaw-2830	113	6	the	the	DET
taxlaw-2830	113	7	reforms	reform	NOUN
taxlaw-2830	113	8	proposed	propose	VERB
taxlaw-2830	113	9	by	by	ADP
taxlaw-2830	113	10	this	this	DET
taxlaw-2830	113	11	article	article	NOUN
taxlaw-2830	113	12	.	.	PUNCT
taxlaw-2830	114	1	ii	ii	PROPN
taxlaw-2830	114	2	.	.	PUNCT
taxlaw-2830	115	1	current	current	ADJ
taxlaw-2830	115	2	taxation	taxation	NOUN
taxlaw-2830	115	3	of	of	ADP
taxlaw-2830	115	4	publicly	publicly	ADV
taxlaw-2830	115	5	traded	trade	VERB
taxlaw-2830	115	6	entities	entity	NOUN
taxlaw-2830	115	7	although	although	SCONJ
taxlaw-2830	115	8	many	many	ADJ
taxlaw-2830	115	9	business	business	NOUN
taxlaw-2830	115	10	entities	entity	NOUN
taxlaw-2830	115	11	can	can	AUX
taxlaw-2830	115	12	elect	elect	VERB
taxlaw-2830	115	13	to	to	PART
taxlaw-2830	115	14	be	be	AUX
taxlaw-2830	115	15	treated	treat	VERB
taxlaw-2830	115	16	as	as	ADP
taxlaw-2830	115	17	partnerships	partnership	NOUN
taxlaw-2830	115	18	or	or	CCONJ
taxlaw-2830	115	19	corporations	corporation	NOUN
taxlaw-2830	115	20	for	for	ADP
taxlaw-2830	115	21	tax	tax	NOUN
taxlaw-2830	115	22	purposes	purpose	NOUN
taxlaw-2830	115	23	,	,	PUNCT
taxlaw-2830	115	24	certain	certain	ADJ
taxlaw-2830	115	25	entities	entity	NOUN
taxlaw-2830	115	26	must	must	AUX
taxlaw-2830	115	27	be	be	AUX
taxlaw-2830	115	28	treated	treat	VERB
taxlaw-2830	115	29	as	as	ADP
taxlaw-2830	115	30	corporations	corporation	NOUN
taxlaw-2830	115	31	.	.	PUNCT
taxlaw-2830	116	1	18	18	NUM
taxlaw-2830	116	2	for	for	ADP
taxlaw-2830	116	3	example	example	NOUN
taxlaw-2830	116	4	,	,	PUNCT
taxlaw-2830	116	5	entities	entity	NOUN
taxlaw-2830	116	6	that	that	PRON
taxlaw-2830	116	7	are	be	AUX
taxlaw-2830	116	8	publicly	publicly	ADV
taxlaw-2830	116	9	traded	trade	VERB
taxlaw-2830	116	10	typically	typically	ADV
taxlaw-2830	116	11	must	must	AUX
taxlaw-2830	116	12	be	be	AUX
taxlaw-2830	116	13	treated	treat	VERB
taxlaw-2830	116	14	as	as	ADP
taxlaw-2830	116	15	corporations	corporation	NOUN
taxlaw-2830	116	16	for	for	ADP
taxlaw-2830	116	17	tax	tax	NOUN
taxlaw-2830	116	18	purposes	purpose	NOUN
taxlaw-2830	116	19	.	.	PUNCT
taxlaw-2830	117	1	19	19	NUM
taxlaw-2830	117	2	an	an	DET
taxlaw-2830	117	3	entity	entity	NOUN
taxlaw-2830	117	4	that	that	PRON
taxlaw-2830	117	5	is	be	AUX
taxlaw-2830	117	6	listed	list	VERB
taxlaw-2830	117	7	on	on	ADP
taxlaw-2830	117	8	an	an	DET
taxlaw-2830	117	9	established	establish	VERB
taxlaw-2830	117	10	securities	security	NOUN
taxlaw-2830	117	11	exchange	exchange	NOUN
taxlaw-2830	117	12	,	,	PUNCT
taxlaw-2830	117	13	like	like	ADP
taxlaw-2830	117	14	the	the	DET
taxlaw-2830	117	15	new	new	PROPN
taxlaw-2830	117	16	york	york	PROPN
taxlaw-2830	117	17	stock	stock	PROPN
taxlaw-2830	117	18	exchange	exchange	PROPN
taxlaw-2830	117	19	,	,	PUNCT
taxlaw-2830	117	20	is	be	AUX
taxlaw-2830	117	21	publicly	publicly	ADV
taxlaw-2830	117	22	traded	trade	VERB
taxlaw-2830	117	23	.	.	PUNCT
taxlaw-2830	118	1	20	20	NUM
taxlaw-2830	118	2	in	in	ADP
taxlaw-2830	118	3	addition	addition	NOUN
taxlaw-2830	118	4	,	,	PUNCT
taxlaw-2830	118	5	even	even	ADV
taxlaw-2830	118	6	if	if	SCONJ
taxlaw-2830	118	7	interests	interest	NOUN
taxlaw-2830	118	8	in	in	ADP
taxlaw-2830	118	9	an	an	DET
taxlaw-2830	118	10	entity	entity	NOUN
taxlaw-2830	118	11	are	be	AUX
taxlaw-2830	118	12	not	not	PART
taxlaw-2830	118	13	traded	trade	VERB
taxlaw-2830	118	14	on	on	ADP
taxlaw-2830	118	15	an	an	DET
taxlaw-2830	118	16	exchange	exchange	NOUN
taxlaw-2830	118	17	,	,	PUNCT
taxlaw-2830	118	18	if	if	SCONJ
taxlaw-2830	118	19	,	,	PUNCT
taxlaw-2830	118	20	given	give	VERB
taxlaw-2830	118	21	all	all	DET
taxlaw-2830	118	22	the	the	DET
taxlaw-2830	118	23	facts	fact	NOUN
taxlaw-2830	118	24	and	and	CCONJ
taxlaw-2830	118	25	circumstances	circumstance	NOUN
taxlaw-2830	118	26	,	,	PUNCT
taxlaw-2830	118	27	owners	owner	NOUN
taxlaw-2830	118	28	are	be	AUX
taxlaw-2830	118	29	readily	readily	ADV
taxlaw-2830	118	30	able	able	ADJ
taxlaw-2830	118	31	to	to	PART
taxlaw-2830	118	32	buy	buy	VERB
taxlaw-2830	118	33	,	,	PUNCT
taxlaw-2830	118	34	sell	sell	VERB
taxlaw-2830	118	35	,	,	PUNCT
taxlaw-2830	118	36	or	or	CCONJ
taxlaw-2830	118	37	exchange	exchange	VERB
taxlaw-2830	118	38	their	their	PRON
taxlaw-2830	118	39	interests	interest	NOUN
taxlaw-2830	118	40	in	in	ADP
taxlaw-2830	118	41	a	a	DET
taxlaw-2830	118	42	manner	manner	NOUN
taxlaw-2830	118	43	that	that	PRON
taxlaw-2830	118	44	is	be	AUX
taxlaw-2830	118	45	economically	economically	ADV
taxlaw-2830	118	46	comparable	comparable	ADJ
taxlaw-2830	118	47	to	to	ADP
taxlaw-2830	118	48	trading	trade	VERB
taxlaw-2830	118	49	on	on	ADP
taxlaw-2830	118	50	an	an	DET
taxlaw-2830	118	51	established	establish	VERB
taxlaw-2830	118	52	securities	security	NOUN
taxlaw-2830	118	53	market	market	NOUN
taxlaw-2830	118	54	,	,	PUNCT
taxlaw-2830	118	55	the	the	DET
taxlaw-2830	118	56	entity	entity	NOUN
taxlaw-2830	118	57	generally	generally	ADV
taxlaw-2830	118	58	will	will	AUX
taxlaw-2830	118	59	be	be	AUX
taxlaw-2830	118	60	treated	treat	VERB
taxlaw-2830	118	61	as	as	ADP
taxlaw-2830	118	62	a	a	DET
taxlaw-2830	118	63	corporation	corporation	NOUN
taxlaw-2830	118	64	for	for	ADP
taxlaw-2830	118	65	tax	tax	NOUN
taxlaw-2830	118	66	purposes	purpose	NOUN
taxlaw-2830	118	67	.	.	PUNCT
taxlaw-2830	119	1	21	21	NUM
taxlaw-2830	119	2	if	if	SCONJ
taxlaw-2830	119	3	an	an	DET
taxlaw-2830	119	4	entity	entity	NOUN
taxlaw-2830	119	5	is	be	AUX
taxlaw-2830	119	6	treated	treat	VERB
taxlaw-2830	119	7	as	as	ADP
taxlaw-2830	119	8	a	a	DET
taxlaw-2830	119	9	corporation	corporation	NOUN
taxlaw-2830	119	10	for	for	ADP
taxlaw-2830	119	11	tax	tax	NOUN
taxlaw-2830	119	12	purposes	purpose	NOUN
taxlaw-2830	119	13	,	,	PUNCT
taxlaw-2830	119	14	generally	generally	ADV
taxlaw-2830	119	15	the	the	DET
taxlaw-2830	119	16	entity	entity	NOUN
taxlaw-2830	119	17	itself	itself	PRON
taxlaw-2830	119	18	will	will	AUX
taxlaw-2830	119	19	be	be	AUX
taxlaw-2830	119	20	subject	subject	ADJ
taxlaw-2830	119	21	to	to	ADP
taxlaw-2830	119	22	tax	tax	NOUN
taxlaw-2830	119	23	(	(	PUNCT
taxlaw-2830	119	24	―entity	―entity	NOUN
taxlaw-2830	119	25	-	-	PUNCT
taxlaw-2830	119	26	level	level	NOUN
taxlaw-2830	119	27	tax‖	tax‖	NUM
taxlaw-2830	119	28	)	)	PUNCT
taxlaw-2830	119	29	.	.	PUNCT
taxlaw-2830	120	1	22	22	NUM
taxlaw-2830	120	2	furthermore	furthermore	ADV
taxlaw-2830	120	3	,	,	PUNCT
taxlaw-2830	120	4	owners	owner	NOUN
taxlaw-2830	120	5	of	of	ADP
taxlaw-2830	120	6	the	the	DET
taxlaw-2830	120	7	entity	entity	NOUN
taxlaw-2830	120	8	may	may	AUX
taxlaw-2830	120	9	be	be	AUX
taxlaw-2830	120	10	subject	subject	ADJ
taxlaw-2830	120	11	to	to	ADP
taxlaw-2830	120	12	tax	tax	NOUN
taxlaw-2830	120	13	when	when	SCONJ
taxlaw-2830	120	14	they	they	PRON
taxlaw-2830	120	15	sell	sell	VERB
taxlaw-2830	120	16	ownership	ownership	NOUN
taxlaw-2830	120	17	interests	interest	NOUN
taxlaw-2830	120	18	in	in	ADP
taxlaw-2830	120	19	the	the	DET
taxlaw-2830	120	20	entity	entity	NOUN
taxlaw-2830	120	21	or	or	CCONJ
taxlaw-2830	120	22	receive	receive	VERB
taxlaw-2830	120	23	certain	certain	ADJ
taxlaw-2830	120	24	distributions	distribution	NOUN
taxlaw-2830	120	25	from	from	ADP
taxlaw-2830	120	26	the	the	DET
taxlaw-2830	120	27	entity	entity	NOUN
taxlaw-2830	120	28	.	.	PUNCT
taxlaw-2830	121	1	23	23	NUM
taxlaw-2830	122	1	if	if	SCONJ
taxlaw-2830	122	2	an	an	DET
taxlaw-2830	122	3	entity	entity	NOUN
taxlaw-2830	122	4	is	be	AUX
taxlaw-2830	122	5	treated	treat	VERB
taxlaw-2830	122	6	as	as	ADP
taxlaw-2830	122	7	a	a	DET
taxlaw-2830	122	8	partnership	partnership	NOUN
taxlaw-2830	122	9	for	for	ADP
taxlaw-2830	122	10	tax	tax	NOUN
taxlaw-2830	122	11	purposes	purpose	NOUN
taxlaw-2830	122	12	,	,	PUNCT
taxlaw-2830	122	13	the	the	DET
taxlaw-2830	122	14	entity	entity	NOUN
taxlaw-2830	122	15	will	will	AUX
taxlaw-2830	122	16	not	not	PART
taxlaw-2830	122	17	be	be	AUX
taxlaw-2830	122	18	subject	subject	ADJ
taxlaw-2830	122	19	to	to	ADP
taxlaw-2830	122	20	tax	tax	NOUN
taxlaw-2830	122	21	.	.	PUNCT
taxlaw-2830	123	1	instead	instead	ADV
taxlaw-2830	123	2	,	,	PUNCT
taxlaw-2830	123	3	any	any	DET
taxlaw-2830	123	4	items	item	NOUN
taxlaw-2830	123	5	of	of	ADP
taxlaw-2830	123	6	tax	tax	NOUN
taxlaw-2830	123	7	income	income	NOUN
taxlaw-2830	123	8	,	,	PUNCT
taxlaw-2830	123	9	gain	gain	NOUN
taxlaw-2830	123	10	,	,	PUNCT
taxlaw-2830	123	11	loss	loss	NOUN
taxlaw-2830	123	12	,	,	PUNCT
taxlaw-2830	123	13	or	or	CCONJ
taxlaw-2830	123	14	deduction	deduction	NOUN
taxlaw-2830	123	15	recognized	recognize	VERB
taxlaw-2830	123	16	by	by	ADP
taxlaw-2830	123	17	the	the	DET
taxlaw-2830	123	18	entity	entity	NOUN
taxlaw-2830	123	19	will	will	AUX
taxlaw-2830	123	20	be	be	AUX
taxlaw-2830	123	21	passed	pass	VERB
taxlaw-2830	123	22	through	through	ADP
taxlaw-2830	123	23	to	to	ADP
taxlaw-2830	123	24	the	the	DET
taxlaw-2830	123	25	entity‘s	entity‘s	PROPN
taxlaw-2830	123	26	owners	owner	NOUN
taxlaw-2830	123	27	for	for	ADP
taxlaw-2830	123	28	the	the	DET
taxlaw-2830	123	29	owners	owner	NOUN
taxlaw-2830	123	30	to	to	ADP
taxlaw-2830	123	31	18	18	NUM
taxlaw-2830	123	32	treas	trea	NOUN
taxlaw-2830	123	33	.	.	PUNCT
taxlaw-2830	124	1	regs	regs	PROPN
taxlaw-2830	124	2	.	.	PUNCT
taxlaw-2830	125	1	§	§	PROPN
taxlaw-2830	125	2	§	§	ADJ
taxlaw-2830	125	3	301.7701	301.7701	NUM
taxlaw-2830	125	4	-	-	SYM
taxlaw-2830	125	5	3(a	3(a	NUM
taxlaw-2830	125	6	)	)	PUNCT
taxlaw-2830	125	7	(	(	PUNCT
taxlaw-2830	125	8	providing	provide	VERB
taxlaw-2830	125	9	ability	ability	NOUN
taxlaw-2830	125	10	to	to	PART
taxlaw-2830	125	11	elect	elect	VERB
taxlaw-2830	125	12	tax	tax	NOUN
taxlaw-2830	125	13	classification	classification	NOUN
taxlaw-2830	125	14	to	to	ADP
taxlaw-2830	125	15	many	many	ADJ
taxlaw-2830	125	16	entities	entity	NOUN
taxlaw-2830	125	17	)	)	PUNCT
taxlaw-2830	125	18	;	;	PUNCT
taxlaw-2830	125	19	301.7701	301.7701	NUM
taxlaw-2830	125	20	-	-	SYM
taxlaw-2830	125	21	2(b)(1	2(b)(1	NUM
taxlaw-2830	125	22	)	)	PUNCT
taxlaw-2830	125	23	,	,	PUNCT
taxlaw-2830	125	24	(	(	PUNCT
taxlaw-2830	125	25	3)–(8	3)–(8	NUM
taxlaw-2830	125	26	)	)	PUNCT
taxlaw-2830	125	27	(	(	PUNCT
taxlaw-2830	125	28	describing	describe	VERB
taxlaw-2830	125	29	entities	entity	NOUN
taxlaw-2830	125	30	that	that	PRON
taxlaw-2830	125	31	must	must	AUX
taxlaw-2830	125	32	be	be	AUX
taxlaw-2830	125	33	treated	treat	VERB
taxlaw-2830	125	34	as	as	ADP
taxlaw-2830	125	35	corporations	corporation	NOUN
taxlaw-2830	125	36	)	)	PUNCT
taxlaw-2830	125	37	.	.	PUNCT
taxlaw-2830	126	1	because	because	SCONJ
taxlaw-2830	126	2	this	this	DET
taxlaw-2830	126	3	article	article	NOUN
taxlaw-2830	126	4	is	be	AUX
taxlaw-2830	126	5	focused	focus	VERB
taxlaw-2830	126	6	on	on	ADP
taxlaw-2830	126	7	publicly	publicly	ADV
taxlaw-2830	126	8	traded	trade	VERB
taxlaw-2830	126	9	entities	entity	NOUN
taxlaw-2830	126	10	,	,	PUNCT
taxlaw-2830	126	11	it	it	PRON
taxlaw-2830	126	12	uses	use	VERB
taxlaw-2830	126	13	the	the	DET
taxlaw-2830	126	14	term	term	NOUN
taxlaw-2830	126	15	―corporation‖	―corporation‖	PROPN
taxlaw-2830	126	16	to	to	PART
taxlaw-2830	126	17	refer	refer	VERB
taxlaw-2830	126	18	to	to	ADP
taxlaw-2830	126	19	an	an	DET
taxlaw-2830	126	20	entity	entity	NOUN
taxlaw-2830	126	21	that	that	PRON
taxlaw-2830	126	22	is	be	AUX
taxlaw-2830	126	23	treated	treat	VERB
taxlaw-2830	126	24	as	as	ADP
taxlaw-2830	126	25	a	a	DET
taxlaw-2830	126	26	c	c	NOUN
taxlaw-2830	126	27	corporation	corporation	NOUN
taxlaw-2830	126	28	for	for	ADP
taxlaw-2830	126	29	tax	tax	NOUN
taxlaw-2830	126	30	purposes	purpose	NOUN
taxlaw-2830	126	31	.	.	PUNCT
taxlaw-2830	127	1	certain	certain	ADJ
taxlaw-2830	127	2	closely	closely	ADV
taxlaw-2830	127	3	held	hold	VERB
taxlaw-2830	127	4	entities	entity	NOUN
taxlaw-2830	127	5	can	can	AUX
taxlaw-2830	127	6	opt	opt	VERB
taxlaw-2830	127	7	for	for	ADP
taxlaw-2830	127	8	treatment	treatment	NOUN
taxlaw-2830	127	9	as	as	ADP
taxlaw-2830	127	10	s	s	PART
taxlaw-2830	127	11	corporations	corporation	NOUN
taxlaw-2830	127	12	,	,	PUNCT
taxlaw-2830	127	13	which	which	PRON
taxlaw-2830	127	14	would	would	AUX
taxlaw-2830	127	15	lead	lead	VERB
taxlaw-2830	127	16	to	to	ADP
taxlaw-2830	127	17	tax	tax	NOUN
taxlaw-2830	127	18	treatment	treatment	NOUN
taxlaw-2830	127	19	different	different	ADJ
taxlaw-2830	127	20	from	from	ADP
taxlaw-2830	127	21	the	the	DET
taxlaw-2830	127	22	treatment	treatment	NOUN
taxlaw-2830	127	23	of	of	ADP
taxlaw-2830	127	24	corporations	corporation	NOUN
taxlaw-2830	127	25	described	describe	VERB
taxlaw-2830	127	26	in	in	ADP
taxlaw-2830	127	27	this	this	DET
taxlaw-2830	127	28	article	article	NOUN
taxlaw-2830	127	29	.	.	PUNCT
taxlaw-2830	128	1	19	19	NUM
taxlaw-2830	128	2	i.r.c	i.r.c	NOUN
taxlaw-2830	128	3	.	.	PUNCT
taxlaw-2830	129	1	§	§	PROPN
taxlaw-2830	129	2	7704	7704	NUM
taxlaw-2830	129	3	.	.	PUNCT
taxlaw-2830	129	4	20	20	NUM
taxlaw-2830	129	5	i.r.c	i.r.c	NOUN
taxlaw-2830	129	6	.	.	PUNCT
taxlaw-2830	130	1	§	§	PROPN
taxlaw-2830	130	2	7704(b)(1	7704(b)(1	NOUN
taxlaw-2830	130	3	)	)	PUNCT
taxlaw-2830	130	4	.	.	PUNCT
taxlaw-2830	131	1	21	21	NUM
taxlaw-2830	131	2	i.r.c	i.r.c	NOUN
taxlaw-2830	131	3	.	.	PUNCT
taxlaw-2830	132	1	§	§	PROPN
taxlaw-2830	132	2	7704(b)(2	7704(b)(2	NOUN
taxlaw-2830	132	3	)	)	PUNCT
taxlaw-2830	132	4	;	;	PUNCT
taxlaw-2830	133	1	treas	treas	PROPN
taxlaw-2830	133	2	.	.	PUNCT
taxlaw-2830	134	1	reg	reg	PROPN
taxlaw-2830	134	2	.	.	PUNCT
taxlaw-2830	135	1	§	§	PROPN
taxlaw-2830	135	2	1.7704	1.7704	NUM
taxlaw-2830	135	3	-	-	SYM
taxlaw-2830	135	4	1(c	1(c	NUM
taxlaw-2830	135	5	)	)	PUNCT
taxlaw-2830	135	6	.	.	PUNCT
taxlaw-2830	136	1	transfers	transfer	NOUN
taxlaw-2830	136	2	that	that	PRON
taxlaw-2830	136	3	are	be	AUX
taxlaw-2830	136	4	not	not	PART
taxlaw-2830	136	5	recognized	recognize	VERB
taxlaw-2830	136	6	by	by	ADP
taxlaw-2830	136	7	the	the	DET
taxlaw-2830	136	8	entity	entity	NOUN
taxlaw-2830	136	9	and	and	CCONJ
taxlaw-2830	136	10	certain	certain	ADJ
taxlaw-2830	136	11	other	other	ADJ
taxlaw-2830	136	12	transfers	transfer	NOUN
taxlaw-2830	136	13	will	will	AUX
taxlaw-2830	136	14	be	be	AUX
taxlaw-2830	136	15	disregarded	disregard	VERB
taxlaw-2830	136	16	when	when	SCONJ
taxlaw-2830	136	17	determining	determine	VERB
taxlaw-2830	136	18	whether	whether	SCONJ
taxlaw-2830	136	19	the	the	DET
taxlaw-2830	136	20	entity	entity	NOUN
taxlaw-2830	136	21	is	be	AUX
taxlaw-2830	136	22	publicly	publicly	ADV
taxlaw-2830	136	23	traded	trade	VERB
taxlaw-2830	136	24	.	.	PUNCT
taxlaw-2830	137	1	see	see	VERB
taxlaw-2830	137	2	treas	treas	PROPN
taxlaw-2830	137	3	.	.	PUNCT
taxlaw-2830	138	1	reg	reg	PROPN
taxlaw-2830	138	2	.	.	PUNCT
taxlaw-2830	139	1	§	§	PROPN
taxlaw-2830	139	2	§	§	PROPN
taxlaw-2830	139	3	1.7704	1.7704	NUM
taxlaw-2830	139	4	-	-	SYM
taxlaw-2830	139	5	1(d	1(d	NUM
taxlaw-2830	139	6	)	)	PUNCT
taxlaw-2830	139	7	,	,	PUNCT
taxlaw-2830	139	8	1.7704	1.7704	NUM
taxlaw-2830	139	9	-	-	SYM
taxlaw-2830	139	10	1(e	1(e	NUM
taxlaw-2830	139	11	)	)	PUNCT
taxlaw-2830	139	12	.	.	PUNCT
taxlaw-2830	140	1	furthermore	furthermore	ADV
taxlaw-2830	140	2	,	,	PUNCT
taxlaw-2830	140	3	the	the	DET
taxlaw-2830	140	4	treasury	treasury	PROPN
taxlaw-2830	140	5	regulations	regulation	NOUN
taxlaw-2830	140	6	provide	provide	VERB
taxlaw-2830	140	7	safe	safe	ADJ
taxlaw-2830	140	8	harbors	harbor	NOUN
taxlaw-2830	140	9	,	,	PUNCT
taxlaw-2830	140	10	and	and	CCONJ
taxlaw-2830	140	11	an	an	DET
taxlaw-2830	140	12	entity	entity	NOUN
taxlaw-2830	140	13	that	that	PRON
taxlaw-2830	140	14	is	be	AUX
taxlaw-2830	140	15	not	not	PART
taxlaw-2830	140	16	traded	trade	VERB
taxlaw-2830	140	17	on	on	ADP
taxlaw-2830	140	18	an	an	DET
taxlaw-2830	140	19	established	establish	VERB
taxlaw-2830	140	20	securities	security	NOUN
taxlaw-2830	140	21	market	market	NOUN
taxlaw-2830	140	22	and	and	CCONJ
taxlaw-2830	140	23	that	that	PRON
taxlaw-2830	140	24	qualifies	qualify	VERB
taxlaw-2830	140	25	for	for	ADP
taxlaw-2830	140	26	a	a	DET
taxlaw-2830	140	27	safe	safe	ADJ
taxlaw-2830	140	28	harbor	harbor	NOUN
taxlaw-2830	140	29	will	will	AUX
taxlaw-2830	140	30	be	be	AUX
taxlaw-2830	140	31	deemed	deem	VERB
taxlaw-2830	140	32	to	to	PART
taxlaw-2830	140	33	not	not	PART
taxlaw-2830	140	34	be	be	AUX
taxlaw-2830	140	35	publicly	publicly	ADV
taxlaw-2830	140	36	traded	trade	VERB
taxlaw-2830	140	37	.	.	PUNCT
taxlaw-2830	141	1	the	the	DET
taxlaw-2830	141	2	safe	safe	ADJ
taxlaw-2830	141	3	harbors	harbor	NOUN
taxlaw-2830	141	4	include	include	VERB
taxlaw-2830	141	5	the	the	DET
taxlaw-2830	141	6	private	private	ADJ
taxlaw-2830	141	7	placement	placement	NOUN
taxlaw-2830	141	8	safe	safe	ADJ
taxlaw-2830	141	9	harbor	harbor	NOUN
taxlaw-2830	141	10	and	and	CCONJ
taxlaw-2830	141	11	the	the	DET
taxlaw-2830	141	12	lack	lack	NOUN
taxlaw-2830	141	13	of	of	ADP
taxlaw-2830	141	14	actual	actual	ADJ
taxlaw-2830	141	15	trading	trade	VERB
taxlaw-2830	141	16	safe	safe	ADJ
taxlaw-2830	141	17	harbor	harbor	NOUN
taxlaw-2830	141	18	.	.	PUNCT
taxlaw-2830	142	1	the	the	DET
taxlaw-2830	142	2	private	private	ADJ
taxlaw-2830	142	3	placement	placement	NOUN
taxlaw-2830	142	4	safe	safe	ADJ
taxlaw-2830	142	5	harbor	harbor	NOUN
taxlaw-2830	142	6	applies	apply	VERB
taxlaw-2830	142	7	to	to	ADP
taxlaw-2830	142	8	an	an	DET
taxlaw-2830	142	9	entity	entity	NOUN
taxlaw-2830	142	10	if	if	SCONJ
taxlaw-2830	142	11	interests	interest	NOUN
taxlaw-2830	142	12	in	in	ADP
taxlaw-2830	142	13	it	it	PRON
taxlaw-2830	142	14	are	be	AUX
taxlaw-2830	142	15	issued	issue	VERB
taxlaw-2830	142	16	in	in	ADP
taxlaw-2830	142	17	a	a	DET
taxlaw-2830	142	18	transaction	transaction	NOUN
taxlaw-2830	142	19	that	that	PRON
taxlaw-2830	142	20	need	need	AUX
taxlaw-2830	142	21	not	not	PART
taxlaw-2830	142	22	be	be	AUX
taxlaw-2830	142	23	registered	register	VERB
taxlaw-2830	142	24	under	under	ADP
taxlaw-2830	142	25	the	the	DET
taxlaw-2830	142	26	securities	security	NOUN
taxlaw-2830	142	27	act	act	NOUN
taxlaw-2830	142	28	of	of	ADP
taxlaw-2830	142	29	1933	1933	NUM
taxlaw-2830	142	30	and	and	CCONJ
taxlaw-2830	142	31	the	the	DET
taxlaw-2830	142	32	entity	entity	NOUN
taxlaw-2830	142	33	does	do	AUX
taxlaw-2830	142	34	not	not	PART
taxlaw-2830	142	35	have	have	VERB
taxlaw-2830	142	36	more	more	ADJ
taxlaw-2830	142	37	than	than	ADP
taxlaw-2830	142	38	100	100	NUM
taxlaw-2830	142	39	owners	owner	NOUN
taxlaw-2830	142	40	at	at	ADP
taxlaw-2830	142	41	any	any	DET
taxlaw-2830	142	42	time	time	NOUN
taxlaw-2830	142	43	.	.	PUNCT
taxlaw-2830	143	1	see	see	VERB
taxlaw-2830	143	2	treas	treas	PROPN
taxlaw-2830	143	3	.	.	PUNCT
taxlaw-2830	144	1	reg	reg	PROPN
taxlaw-2830	144	2	.	.	PUNCT
taxlaw-2830	145	1	§	§	PROPN
taxlaw-2830	145	2	1.7704	1.7704	NUM
taxlaw-2830	145	3	-	-	PUNCT
taxlaw-2830	145	4	1(h	1(h	NUM
taxlaw-2830	145	5	)	)	PUNCT
taxlaw-2830	145	6	.	.	PUNCT
taxlaw-2830	146	1	an	an	DET
taxlaw-2830	146	2	entity	entity	NOUN
taxlaw-2830	146	3	resides	reside	VERB
taxlaw-2830	146	4	within	within	ADP
taxlaw-2830	146	5	the	the	DET
taxlaw-2830	146	6	lack	lack	NOUN
taxlaw-2830	146	7	of	of	ADP
taxlaw-2830	146	8	actual	actual	ADJ
taxlaw-2830	146	9	trading	trading	NOUN
taxlaw-2830	146	10	safe	safe	ADJ
taxlaw-2830	146	11	harbor	harbor	NOUN
taxlaw-2830	146	12	if	if	SCONJ
taxlaw-2830	146	13	not	not	PART
taxlaw-2830	146	14	more	more	ADJ
taxlaw-2830	146	15	than	than	ADP
taxlaw-2830	146	16	two	two	NUM
taxlaw-2830	146	17	percent	percent	NOUN
taxlaw-2830	146	18	of	of	ADP
taxlaw-2830	146	19	the	the	DET
taxlaw-2830	146	20	total	total	ADJ
taxlaw-2830	146	21	interests	interest	NOUN
taxlaw-2830	146	22	in	in	ADP
taxlaw-2830	146	23	the	the	DET
taxlaw-2830	146	24	entity	entity	NOUN
taxlaw-2830	146	25	are	be	AUX
taxlaw-2830	146	26	transferred	transfer	VERB
taxlaw-2830	146	27	during	during	ADP
taxlaw-2830	146	28	any	any	DET
taxlaw-2830	146	29	given	give	VERB
taxlaw-2830	146	30	year	year	NOUN
taxlaw-2830	146	31	.	.	PUNCT
taxlaw-2830	147	1	see	see	VERB
taxlaw-2830	147	2	treas	treas	PROPN
taxlaw-2830	147	3	.	.	PUNCT
taxlaw-2830	148	1	reg	reg	PROPN
taxlaw-2830	148	2	.	.	PUNCT
taxlaw-2830	149	1	§	§	PROPN
taxlaw-2830	149	2	1.7704	1.7704	NUM
taxlaw-2830	149	3	-	-	SYM
taxlaw-2830	149	4	1(j	1(j	NUM
taxlaw-2830	149	5	)	)	PUNCT
taxlaw-2830	149	6	.	.	PUNCT
taxlaw-2830	150	1	22	22	NUM
taxlaw-2830	150	2	see	see	VERB
taxlaw-2830	150	3	i.r.c	i.r.c	NOUN
taxlaw-2830	150	4	.	.	PUNCT
taxlaw-2830	151	1	§	§	PROPN
taxlaw-2830	151	2	11	11	NUM
taxlaw-2830	151	3	.	.	PUNCT
taxlaw-2830	152	1	this	this	DET
taxlaw-2830	152	2	discussion	discussion	NOUN
taxlaw-2830	152	3	assumes	assume	VERB
taxlaw-2830	152	4	that	that	SCONJ
taxlaw-2830	152	5	the	the	DET
taxlaw-2830	152	6	entity	entity	NOUN
taxlaw-2830	152	7	is	be	AUX
taxlaw-2830	152	8	not	not	PART
taxlaw-2830	152	9	an	an	DET
taxlaw-2830	152	10	s	s	NOUN
taxlaw-2830	152	11	corporation	corporation	NOUN
taxlaw-2830	152	12	,	,	PUNCT
taxlaw-2830	152	13	a	a	DET
taxlaw-2830	152	14	justifiable	justifiable	ADJ
taxlaw-2830	152	15	assumption	assumption	NOUN
taxlaw-2830	152	16	within	within	ADP
taxlaw-2830	152	17	the	the	DET
taxlaw-2830	152	18	realm	realm	NOUN
taxlaw-2830	152	19	of	of	ADP
taxlaw-2830	152	20	publicly	publicly	ADV
taxlaw-2830	152	21	traded	trade	VERB
taxlaw-2830	152	22	entities	entity	NOUN
taxlaw-2830	152	23	because	because	SCONJ
taxlaw-2830	152	24	an	an	DET
taxlaw-2830	152	25	entity	entity	NOUN
taxlaw-2830	152	26	with	with	ADP
taxlaw-2830	152	27	more	more	ADJ
taxlaw-2830	152	28	than	than	ADP
taxlaw-2830	152	29	100	100	NUM
taxlaw-2830	152	30	owners	owner	NOUN
taxlaw-2830	152	31	can	can	AUX
taxlaw-2830	152	32	not	not	PART
taxlaw-2830	152	33	qualify	qualify	VERB
taxlaw-2830	152	34	as	as	ADP
taxlaw-2830	152	35	an	an	DET
taxlaw-2830	152	36	s	s	NOUN
taxlaw-2830	152	37	corporation	corporation	NOUN
taxlaw-2830	152	38	.	.	PUNCT
taxlaw-2830	153	1	i.r.c	i.r.c	NOUN
taxlaw-2830	153	2	.	.	PUNCT
taxlaw-2830	154	1	§	§	PROPN
taxlaw-2830	154	2	1361(b)(1)(a	1361(b)(1)(a	NUM
taxlaw-2830	154	3	)	)	PUNCT
taxlaw-2830	154	4	.	.	PUNCT
taxlaw-2830	155	1	23	23	NUM
taxlaw-2830	155	2	see	see	VERB
taxlaw-2830	155	3	i.r.c	i.r.c	NOUN
taxlaw-2830	155	4	.	.	PUNCT
taxlaw-2830	156	1	§	§	PROPN
taxlaw-2830	156	2	301	301	NUM
taxlaw-2830	156	3	(	(	PUNCT
taxlaw-2830	156	4	addressing	address	VERB
taxlaw-2830	156	5	distributions	distribution	NOUN
taxlaw-2830	156	6	from	from	ADP
taxlaw-2830	156	7	corporations	corporation	NOUN
taxlaw-2830	156	8	)	)	PUNCT
taxlaw-2830	156	9	;	;	PUNCT
taxlaw-2830	156	10	i.r.c	i.r.c	NOUN
taxlaw-2830	156	11	.	.	PUNCT
taxlaw-2830	157	1	§	§	PROPN
taxlaw-2830	157	2	1001	1001	NUM
taxlaw-2830	157	3	(	(	PUNCT
taxlaw-2830	157	4	regarding	regard	VERB
taxlaw-2830	157	5	gain	gain	NOUN
taxlaw-2830	157	6	from	from	ADP
taxlaw-2830	157	7	sale	sale	NOUN
taxlaw-2830	157	8	of	of	ADP
taxlaw-2830	157	9	ownership	ownership	NOUN
taxlaw-2830	157	10	interests	interest	NOUN
taxlaw-2830	157	11	)	)	PUNCT
taxlaw-2830	157	12	.	.	PUNCT
taxlaw-2830	158	1	certain	certain	ADJ
taxlaw-2830	158	2	owners	owner	NOUN
taxlaw-2830	158	3	may	may	AUX
taxlaw-2830	158	4	not	not	PART
taxlaw-2830	158	5	be	be	AUX
taxlaw-2830	158	6	subject	subject	ADJ
taxlaw-2830	158	7	to	to	ADP
taxlaw-2830	158	8	tax	tax	NOUN
taxlaw-2830	158	9	as	as	ADP
taxlaw-2830	158	10	a	a	DET
taxlaw-2830	158	11	result	result	NOUN
taxlaw-2830	158	12	of	of	ADP
taxlaw-2830	158	13	distributions	distribution	NOUN
taxlaw-2830	158	14	or	or	CCONJ
taxlaw-2830	158	15	sale	sale	NOUN
taxlaw-2830	158	16	of	of	ADP
taxlaw-2830	158	17	interests	interest	NOUN
taxlaw-2830	158	18	in	in	ADP
taxlaw-2830	158	19	the	the	DET
taxlaw-2830	158	20	entity	entity	NOUN
taxlaw-2830	158	21	.	.	PUNCT
taxlaw-2830	159	1	for	for	ADP
taxlaw-2830	159	2	instance	instance	NOUN
taxlaw-2830	159	3	,	,	PUNCT
taxlaw-2830	159	4	assuming	assume	VERB
taxlaw-2830	159	5	the	the	DET
taxlaw-2830	159	6	ownership	ownership	NOUN
taxlaw-2830	159	7	interest	interest	NOUN
taxlaw-2830	159	8	held	hold	VERB
taxlaw-2830	159	9	is	be	AUX
taxlaw-2830	159	10	not	not	PART
taxlaw-2830	159	11	debt	debt	NOUN
taxlaw-2830	159	12	-financed	-finance	VERB
taxlaw-2830	159	13	,	,	PUNCT
taxlaw-2830	159	14	tax	tax	NOUN
taxlaw-2830	159	15	-	-	PUNCT
taxlaw-2830	159	16	exempt	exempt	ADJ
taxlaw-2830	159	17	owners	owner	NOUN
taxlaw-2830	159	18	generally	generally	ADV
taxlaw-2830	159	19	would	would	AUX
taxlaw-2830	159	20	be	be	AUX
taxlaw-2830	159	21	exempt	exempt	ADJ
taxlaw-2830	159	22	from	from	ADP
taxlaw-2830	159	23	tax	tax	NOUN
taxlaw-2830	159	24	on	on	ADP
taxlaw-2830	159	25	any	any	DET
taxlaw-2830	159	26	dividend	dividend	NOUN
taxlaw-2830	159	27	income	income	NOUN
taxlaw-2830	159	28	and	and	CCONJ
taxlaw-2830	159	29	capital	capital	NOUN
taxlaw-2830	159	30	gain	gain	NOUN
taxlaw-2830	159	31	income	income	NOUN
taxlaw-2830	159	32	resulting	result	VERB
taxlaw-2830	159	33	from	from	ADP
taxlaw-2830	159	34	distributions	distribution	NOUN
taxlaw-2830	159	35	or	or	CCONJ
taxlaw-2830	159	36	sale	sale	NOUN
taxlaw-2830	159	37	of	of	ADP
taxlaw-2830	159	38	interests	interest	NOUN
taxlaw-2830	159	39	in	in	ADP
taxlaw-2830	159	40	the	the	DET
taxlaw-2830	159	41	entity	entity	NOUN
taxlaw-2830	159	42	.	.	PUNCT
taxlaw-2830	160	1	i.r.c	i.r.c	NOUN
taxlaw-2830	160	2	.	.	PUNCT
taxlaw-2830	161	1	§	§	PROPN
taxlaw-2830	161	2	§	§	PROPN
taxlaw-2830	161	3	512(b)(1	512(b)(1	NOUN
taxlaw-2830	161	4	)	)	PUNCT
taxlaw-2830	161	5	,	,	PUNCT
taxlaw-2830	161	6	512(b)(5	512(b)(5	NUM
taxlaw-2830	161	7	)	)	PUNCT
taxlaw-2830	161	8	,	,	PUNCT
taxlaw-2830	161	9	514	514	NUM
taxlaw-2830	161	10	.	.	PUNCT
taxlaw-2830	162	1	in	in	ADP
taxlaw-2830	162	2	addition	addition	NOUN
taxlaw-2830	162	3	,	,	PUNCT
taxlaw-2830	162	4	in	in	ADP
taxlaw-2830	162	5	most	most	ADJ
taxlaw-2830	162	6	cases	case	NOUN
taxlaw-2830	162	7	,	,	PUNCT
taxlaw-2830	162	8	non	non	ADJ
taxlaw-2830	162	9	-	-	ADJ
taxlaw-2830	162	10	u.s	u.s	PROPN
taxlaw-2830	162	11	.	.	PROPN
taxlaw-2830	162	12	owners	owner	NOUN
taxlaw-2830	162	13	would	would	AUX
taxlaw-2830	162	14	generally	generally	ADV
taxlaw-2830	162	15	be	be	AUX
taxlaw-2830	162	16	exempt	exempt	ADJ
taxlaw-2830	162	17	from	from	ADP
taxlaw-2830	162	18	u.s	u.s	PROPN
taxlaw-2830	162	19	.	.	PROPN
taxlaw-2830	162	20	tax	tax	NOUN
taxlaw-2830	162	21	on	on	ADP
taxlaw-2830	162	22	any	any	DET
taxlaw-2830	162	23	capital	capital	NOUN
taxlaw-2830	162	24	gain	gain	NOUN
taxlaw-2830	162	25	income	income	NOUN
taxlaw-2830	162	26	resulting	result	VERB
taxlaw-2830	162	27	from	from	ADP
taxlaw-2830	162	28	distributions	distribution	NOUN
taxlaw-2830	162	29	or	or	CCONJ
taxlaw-2830	162	30	sale	sale	NOUN
taxlaw-2830	162	31	of	of	ADP
taxlaw-2830	162	32	interests	interest	NOUN
taxlaw-2830	162	33	in	in	ADP
taxlaw-2830	162	34	the	the	DET
taxlaw-2830	162	35	entity	entity	NOUN
taxlaw-2830	162	36	.	.	PUNCT
taxlaw-2830	163	1	a	a	DET
taxlaw-2830	163	2	non	non	ADJ
taxlaw-2830	163	3	-	-	ADJ
taxlaw-2830	163	4	u.s	u.s	ADJ
taxlaw-2830	163	5	.	.	PROPN
taxlaw-2830	163	6	individual	individual	NOUN
taxlaw-2830	163	7	or	or	CCONJ
taxlaw-2830	163	8	corporation	corporation	NOUN
taxlaw-2830	163	9	is	be	AUX
taxlaw-2830	163	10	generally	generally	ADV
taxlaw-2830	163	11	only	only	ADV
taxlaw-2830	163	12	subject	subject	ADJ
taxlaw-2830	163	13	to	to	ADP
taxlaw-2830	163	14	u.s	u.s	PROPN
taxlaw-2830	163	15	.	.	PROPN
taxlaw-2830	163	16	tax	tax	NOUN
taxlaw-2830	163	17	on	on	ADP
taxlaw-2830	163	18	capital	capital	NOUN
taxlaw-2830	163	19	gain	gain	NOUN
taxlaw-2830	163	20	income	income	NOUN
taxlaw-2830	163	21	if	if	SCONJ
taxlaw-2830	163	22	the	the	DET
taxlaw-2830	163	23	income	income	NOUN
taxlaw-2830	163	24	is	be	AUX
taxlaw-2830	163	25	effectively	effectively	ADV
taxlaw-2830	163	26	connected	connect	VERB
taxlaw-2830	163	27	with	with	ADP
taxlaw-2830	163	28	a	a	DET
taxlaw-2830	163	29	u.s	u.s	PROPN
taxlaw-2830	163	30	.	.	PROPN
taxlaw-2830	163	31	trade	trade	NOUN
taxlaw-2830	163	32	or	or	CCONJ
taxlaw-2830	163	33	business	business	NOUN
taxlaw-2830	163	34	.	.	PUNCT
taxlaw-2830	164	1	i.r.c	i.r.c	NOUN
taxlaw-2830	164	2	.	.	PUNCT
taxlaw-2830	165	1	§	§	PROPN
taxlaw-2830	165	2	§	§	PROPN
taxlaw-2830	165	3	871(b)(1	871(b)(1	NOUN
taxlaw-2830	165	4	)	)	PUNCT
taxlaw-2830	165	5	,	,	PUNCT
taxlaw-2830	165	6	882(a)(1	882(a)(1	NUM
taxlaw-2830	165	7	)	)	PUNCT
taxlaw-2830	165	8	.	.	PUNCT
taxlaw-2830	166	1	income	income	NOUN
taxlaw-2830	166	2	from	from	ADP
taxlaw-2830	166	3	trading	trade	VERB
taxlaw-2830	166	4	in	in	ADP
taxlaw-2830	166	5	stocks	stock	NOUN
taxlaw-2830	166	6	and	and	CCONJ
taxlaw-2830	166	7	securities	security	NOUN
taxlaw-2830	166	8	for	for	ADP
taxlaw-2830	166	9	a	a	DET
taxlaw-2830	166	10	taxpayer‘s	taxpayer‘s	PROPN
taxlaw-2830	166	11	own	own	ADJ
taxlaw-2830	166	12	account	account	NOUN
taxlaw-2830	166	13	is	be	AUX
taxlaw-2830	166	14	generally	generally	ADV
taxlaw-2830	166	15	not	not	PART
taxlaw-2830	166	16	treated	treat	VERB
taxlaw-2830	166	17	as	as	ADV
taxlaw-2830	166	18	effectively	effectively	ADV
taxlaw-2830	166	19	connected	connect	VERB
taxlaw-2830	166	20	to	to	ADP
taxlaw-2830	166	21	a	a	DET
taxlaw-2830	166	22	u.s	u.s	PROPN
taxlaw-2830	166	23	.	.	PROPN
taxlaw-2830	166	24	trade	trade	NOUN
taxlaw-2830	166	25	or	or	CCONJ
taxlaw-2830	166	26	business	business	NOUN
taxlaw-2830	166	27	.	.	PUNCT
taxlaw-2830	167	1	i.r.c	i.r.c	NOUN
taxlaw-2830	167	2	.	.	PUNCT
taxlaw-2830	168	1	§	§	PROPN
taxlaw-2830	168	2	864(b)(2)(a)(ii	864(b)(2)(a)(ii	PROPN
taxlaw-2830	168	3	)	)	PUNCT
taxlaw-2830	168	4	.	.	PUNCT
taxlaw-2830	169	1	u.s	u.s	PROPN
taxlaw-2830	169	2	.	.	PROPN
taxlaw-2830	169	3	withholding	withholding	NOUN
taxlaw-2830	169	4	tax	tax	NOUN
taxlaw-2830	169	5	might	might	AUX
taxlaw-2830	169	6	apply	apply	VERB
taxlaw-2830	169	7	to	to	ADP
taxlaw-2830	169	8	dividend	dividend	NOUN
taxlaw-2830	169	9	income	income	NOUN
taxlaw-2830	169	10	paid	pay	VERB
taxlaw-2830	169	11	to	to	ADP
taxlaw-2830	169	12	non	non	ADJ
taxlaw-2830	169	13	-	-	ADJ
taxlaw-2830	169	14	u.s	u.s	ADJ
taxlaw-2830	169	15	.	.	PROPN
taxlaw-2830	169	16	owners	owner	NOUN
taxlaw-2830	169	17	,	,	PUNCT
taxlaw-2830	169	18	but	but	CCONJ
taxlaw-2830	169	19	,	,	PUNCT
taxlaw-2830	169	20	depending	depend	VERB
taxlaw-2830	169	21	on	on	ADP
taxlaw-2830	169	22	the	the	DET
taxlaw-2830	169	23	facts	fact	NOUN
taxlaw-2830	169	24	,	,	PUNCT
taxlaw-2830	169	25	the	the	DET
taxlaw-2830	169	26	rate	rate	NOUN
taxlaw-2830	169	27	of	of	ADP
taxlaw-2830	169	28	tax	tax	NOUN
taxlaw-2830	169	29	may	may	AUX
taxlaw-2830	169	30	be	be	AUX
taxlaw-2830	169	31	reduced	reduce	VERB
taxlaw-2830	169	32	by	by	ADP
taxlaw-2830	169	33	treaty	treaty	NOUN
taxlaw-2830	169	34	.	.	PUNCT
taxlaw-2830	170	1	http://web2.westlaw.com/find/default.wl?mt=208&db=1016188&docname=26cfrs1.7704-1&rp=%2ffind%2fdefault.wl&findtype=l&ordoc=0354920277&tc=-1&vr=2.0&fn=_top&sv=split&tf=-1&referencepositiontype=t&pbc=4e7f8f5b&referenceposition=sp%3b4b24000003ba5&rs=wlw13.01	http://web2.westlaw.com/find/default.wl?mt=208&db=1016188&docname=26cfrs1.7704-1&rp=%2ffind%2fdefault.wl&findtype=l&ordoc=0354920277&tc=-1&vr=2.0&fn=_top&sv=split&tf=-1&referencepositiontype=t&pbc=4e7f8f5b&referenceposition=sp%3b4b24000003ba5&rs=wlw13.01	PROPN
taxlaw-2830	170	2	http://web2.westlaw.com/find/default.wl?mt=208&db=1016188&docname=26cfrs1.7704-1&rp=%2ffind%2fdefault.wl&findtype=l&ordoc=0354920277&tc=-1&vr=2.0&fn=_top&sv=split&tf=-1&referencepositiontype=t&pbc=4e7f8f5b&referenceposition=sp%3b4b24000003ba5&rs=wlw13.01	http://web2.westlaw.com/find/default.wl?mt=208&db=1016188&docname=26cfrs1.7704-1&rp=%2ffind%2fdefault.wl&findtype=l&ordoc=0354920277&tc=-1&vr=2.0&fn=_top&sv=split&tf=-1&referencepositiontype=t&pbc=4e7f8f5b&referenceposition=sp%3b4b24000003ba5&rs=wlw13.01	PROPN
taxlaw-2830	170	3	http://web2.westlaw.com/find/default.wl?mt=208&db=1016188&docname=26cfrs1.7704-1&rp=%2ffind%2fdefault.wl&findtype=l&ordoc=0354920277&tc=-1&vr=2.0&fn=_top&sv=split&tf=-1&referencepositiontype=t&pbc=4e7f8f5b&referenceposition=sp%3ba83b000018c76&rs=wlw13.01	http://web2.westlaw.com/find/default.wl?mt=208&db=1016188&docname=26cfrs1.7704-1&rp=%2ffind%2fdefault.wl&findtype=l&ordoc=0354920277&tc=-1&vr=2.0&fn=_top&sv=split&tf=-1&referencepositiontype=t&pbc=4e7f8f5b&referenceposition=sp%3ba83b000018c76&rs=wlw13.01	PROPN
taxlaw-2830	170	4	http://web2.westlaw.com/find/default.wl?mt=208&db=1016188&docname=26cfrs1.7704-1&rp=%2ffind%2fdefault.wl&findtype=l&ordoc=0354920277&tc=-1&vr=2.0&fn=_top&sv=split&tf=-1&referencepositiontype=t&pbc=4e7f8f5b&referenceposition=sp%3ba83b000018c76&rs=wlw13.01	http://web2.westlaw.com/find/default.wl?mt=208&db=1016188&docname=26cfrs1.7704-1&rp=%2ffind%2fdefault.wl&findtype=l&ordoc=0354920277&tc=-1&vr=2.0&fn=_top&sv=split&tf=-1&referencepositiontype=t&pbc=4e7f8f5b&referenceposition=sp%3ba83b000018c76&rs=wlw13.01	ADJ
taxlaw-2830	170	5	2015	2015	NUM
taxlaw-2830	170	6	]	]	PUNCT
taxlaw-2830	170	7	taxing	tax	VERB
taxlaw-2830	170	8	publicly	publicly	ADV
taxlaw-2830	170	9	traded	trade	VERB
taxlaw-2830	170	10	entities	entity	NOUN
taxlaw-2830	170	11	153	153	NUM
taxlaw-2830	170	12	take	take	NOUN
taxlaw-2830	170	13	into	into	ADP
taxlaw-2830	170	14	account	account	NOUN
taxlaw-2830	170	15	directly	directly	ADV
taxlaw-2830	170	16	when	when	SCONJ
taxlaw-2830	170	17	computing	compute	VERB
taxlaw-2830	170	18	their	their	PRON
taxlaw-2830	170	19	own	own	ADJ
taxlaw-2830	170	20	taxable	taxable	ADJ
taxlaw-2830	170	21	income	income	NOUN
taxlaw-2830	170	22	.	.	PUNCT
taxlaw-2830	171	1	24	24	NUM
taxlaw-2830	171	2	thus	thus	ADV
taxlaw-2830	171	3	,	,	PUNCT
taxlaw-2830	171	4	treatment	treatment	NOUN
taxlaw-2830	171	5	as	as	ADP
taxlaw-2830	171	6	a	a	DET
taxlaw-2830	171	7	corporation	corporation	NOUN
taxlaw-2830	171	8	generally	generally	ADV
taxlaw-2830	171	9	involves	involve	VERB
taxlaw-2830	171	10	two	two	NUM
taxlaw-2830	171	11	levels	level	NOUN
taxlaw-2830	171	12	of	of	ADP
taxlaw-2830	171	13	tax	tax	NOUN
taxlaw-2830	171	14	--	--	PUNCT
taxlaw-2830	171	15	both	both	CCONJ
taxlaw-2830	171	16	an	an	DET
taxlaw-2830	171	17	entity	entity	NOUN
taxlaw-2830	171	18	-	-	PUNCT
taxlaw-2830	171	19	level	level	NOUN
taxlaw-2830	171	20	tax	tax	NOUN
taxlaw-2830	171	21	and	and	CCONJ
taxlaw-2830	171	22	an	an	DET
taxlaw-2830	171	23	owner	owner	NOUN
taxlaw-2830	171	24	-	-	PUNCT
taxlaw-2830	171	25	level	level	NOUN
taxlaw-2830	171	26	tax	tax	NOUN
taxlaw-2830	171	27	.	.	PUNCT
taxlaw-2830	172	1	25	25	NUM
taxlaw-2830	172	2	by	by	ADP
taxlaw-2830	172	3	contrast	contrast	NOUN
taxlaw-2830	172	4	,	,	PUNCT
taxlaw-2830	172	5	treatment	treatment	NOUN
taxlaw-2830	172	6	as	as	ADP
taxlaw-2830	172	7	a	a	DET
taxlaw-2830	172	8	partnership	partnership	NOUN
taxlaw-2830	172	9	involves	involve	VERB
taxlaw-2830	172	10	only	only	ADV
taxlaw-2830	172	11	one	one	NUM
taxlaw-2830	172	12	level	level	NOUN
taxlaw-2830	172	13	of	of	ADP
taxlaw-2830	172	14	tax	tax	NOUN
taxlaw-2830	172	15	,	,	PUNCT
taxlaw-2830	172	16	the	the	DET
taxlaw-2830	172	17	tax	tax	NOUN
taxlaw-2830	172	18	imposed	impose	VERB
taxlaw-2830	172	19	at	at	ADP
taxlaw-2830	172	20	the	the	DET
taxlaw-2830	172	21	owner	owner	NOUN
taxlaw-2830	172	22	level	level	NOUN
taxlaw-2830	172	23	.	.	PUNCT
taxlaw-2830	173	1	26	26	NUM
taxlaw-2830	173	2	for	for	ADP
taxlaw-2830	173	3	example	example	NOUN
taxlaw-2830	173	4	,	,	PUNCT
taxlaw-2830	173	5	assume	assume	VERB
taxlaw-2830	173	6	a	a	DET
taxlaw-2830	173	7	business	business	NOUN
taxlaw-2830	173	8	earns	earn	VERB
taxlaw-2830	173	9	$	$	SYM
taxlaw-2830	173	10	100	100	NUM
taxlaw-2830	173	11	of	of	ADP
taxlaw-2830	173	12	pretax	pretax	ADJ
taxlaw-2830	173	13	income	income	NOUN
taxlaw-2830	173	14	.	.	PUNCT
taxlaw-2830	174	1	27	27	NUM
taxlaw-2830	174	2	if	if	SCONJ
taxlaw-2830	174	3	the	the	DET
taxlaw-2830	174	4	business	business	NOUN
taxlaw-2830	174	5	were	be	AUX
taxlaw-2830	174	6	conducted	conduct	VERB
taxlaw-2830	174	7	through	through	ADP
taxlaw-2830	174	8	an	an	DET
taxlaw-2830	174	9	entity	entity	NOUN
taxlaw-2830	174	10	treated	treat	VERB
taxlaw-2830	174	11	as	as	ADP
taxlaw-2830	174	12	a	a	DET
taxlaw-2830	174	13	partnership	partnership	NOUN
taxlaw-2830	174	14	for	for	ADP
taxlaw-2830	174	15	tax	tax	NOUN
taxlaw-2830	174	16	purposes	purpose	NOUN
taxlaw-2830	174	17	,	,	PUNCT
taxlaw-2830	174	18	the	the	DET
taxlaw-2830	174	19	entity	entity	NOUN
taxlaw-2830	174	20	would	would	AUX
taxlaw-2830	174	21	bear	bear	VERB
taxlaw-2830	174	22	no	no	DET
taxlaw-2830	174	23	entity	entity	NOUN
taxlaw-2830	174	24	-	-	PUNCT
taxlaw-2830	174	25	level	level	NOUN
taxlaw-2830	174	26	tax	tax	NOUN
taxlaw-2830	174	27	,	,	PUNCT
taxlaw-2830	174	28	and	and	CCONJ
taxlaw-2830	174	29	the	the	DET
taxlaw-2830	174	30	individual	individual	ADJ
taxlaw-2830	174	31	owners	owner	NOUN
taxlaw-2830	174	32	of	of	ADP
taxlaw-2830	174	33	the	the	DET
taxlaw-2830	174	34	business	business	NOUN
taxlaw-2830	174	35	could	could	AUX
taxlaw-2830	174	36	bear	bear	VERB
taxlaw-2830	174	37	total	total	ADJ
taxlaw-2830	174	38	tax	tax	NOUN
taxlaw-2830	174	39	liability	liability	NOUN
taxlaw-2830	174	40	of	of	ADP
taxlaw-2830	174	41	40	40	NUM
taxlaw-2830	174	42	%	%	NOUN
taxlaw-2830	174	43	of	of	ADP
taxlaw-2830	174	44	$	$	SYM
taxlaw-2830	174	45	100	100	NUM
taxlaw-2830	174	46	,	,	PUNCT
taxlaw-2830	174	47	or	or	CCONJ
taxlaw-2830	174	48	$	$	SYM
taxlaw-2830	174	49	40	40	NUM
taxlaw-2830	174	50	.	.	PUNCT
taxlaw-2830	175	1	thus	thus	ADV
taxlaw-2830	175	2	,	,	PUNCT
taxlaw-2830	175	3	after	after	ADP
taxlaw-2830	175	4	tax	tax	NOUN
taxlaw-2830	175	5	,	,	PUNCT
taxlaw-2830	175	6	$	$	SYM
taxlaw-2830	175	7	60	60	NUM
taxlaw-2830	175	8	of	of	ADP
taxlaw-2830	175	9	income	income	NOUN
taxlaw-2830	175	10	would	would	AUX
taxlaw-2830	175	11	remain	remain	VERB
taxlaw-2830	175	12	.	.	PUNCT
taxlaw-2830	176	1	if	if	SCONJ
taxlaw-2830	176	2	,	,	PUNCT
taxlaw-2830	176	3	instead	instead	ADV
taxlaw-2830	176	4	,	,	PUNCT
taxlaw-2830	176	5	the	the	DET
taxlaw-2830	176	6	business	business	NOUN
taxlaw-2830	176	7	were	be	AUX
taxlaw-2830	176	8	conducted	conduct	VERB
taxlaw-2830	176	9	through	through	ADP
taxlaw-2830	176	10	an	an	DET
taxlaw-2830	176	11	entity	entity	NOUN
taxlaw-2830	176	12	treated	treat	VERB
taxlaw-2830	176	13	as	as	ADP
taxlaw-2830	176	14	a	a	DET
taxlaw-2830	176	15	corporation	corporation	NOUN
taxlaw-2830	176	16	for	for	ADP
taxlaw-2830	176	17	tax	tax	NOUN
taxlaw-2830	176	18	purposes	purpose	NOUN
taxlaw-2830	176	19	,	,	PUNCT
taxlaw-2830	176	20	the	the	DET
taxlaw-2830	176	21	entity	entity	NOUN
taxlaw-2830	176	22	would	would	AUX
taxlaw-2830	176	23	incur	incur	VERB
taxlaw-2830	176	24	tax	tax	NOUN
taxlaw-2830	176	25	liability	liability	NOUN
taxlaw-2830	176	26	of	of	ADP
taxlaw-2830	176	27	35	35	NUM
taxlaw-2830	176	28	%	%	NOUN
taxlaw-2830	176	29	of	of	ADP
taxlaw-2830	176	30	$	$	SYM
taxlaw-2830	176	31	100	100	NUM
taxlaw-2830	176	32	,	,	PUNCT
taxlaw-2830	176	33	or	or	CCONJ
taxlaw-2830	176	34	$	$	SYM
taxlaw-2830	176	35	35	35	NUM
taxlaw-2830	176	36	.	.	PUNCT
taxlaw-2830	177	1	when	when	SCONJ
taxlaw-2830	177	2	the	the	DET
taxlaw-2830	177	3	entity	entity	NOUN
taxlaw-2830	177	4	distributed	distribute	VERB
taxlaw-2830	177	5	the	the	DET
taxlaw-2830	177	6	remaining	remain	VERB
taxlaw-2830	177	7	$	$	SYM
taxlaw-2830	177	8	65	65	NUM
taxlaw-2830	177	9	,	,	PUNCT
taxlaw-2830	177	10	the	the	DET
taxlaw-2830	177	11	individual	individual	ADJ
taxlaw-2830	177	12	owners	owner	NOUN
taxlaw-2830	177	13	would	would	AUX
taxlaw-2830	177	14	incur	incur	VERB
taxlaw-2830	177	15	total	total	ADJ
taxlaw-2830	177	16	tax	tax	NOUN
taxlaw-2830	177	17	liability	liability	NOUN
taxlaw-2830	177	18	of	of	ADP
taxlaw-2830	177	19	20	20	NUM
taxlaw-2830	177	20	%	%	NOUN
taxlaw-2830	177	21	of	of	ADP
taxlaw-2830	177	22	$	$	SYM
taxlaw-2830	177	23	65	65	NUM
taxlaw-2830	177	24	,	,	PUNCT
taxlaw-2830	177	25	or	or	CCONJ
taxlaw-2830	177	26	$	$	SYM
taxlaw-2830	177	27	13	13	NUM
taxlaw-2830	177	28	,	,	PUNCT
taxlaw-2830	177	29	leaving	leave	VERB
taxlaw-2830	177	30	only	only	ADV
taxlaw-2830	177	31	$	$	SYM
taxlaw-2830	177	32	52	52	NUM
taxlaw-2830	177	33	of	of	ADP
taxlaw-2830	177	34	after	after	ADP
taxlaw-2830	177	35	-	-	PUNCT
taxlaw-2830	177	36	tax	tax	NOUN
taxlaw-2830	177	37	income	income	NOUN
taxlaw-2830	177	38	(	(	PUNCT
taxlaw-2830	177	39	less	less	ADJ
taxlaw-2830	177	40	than	than	ADP
taxlaw-2830	177	41	the	the	DET
taxlaw-2830	177	42	$	$	SYM
taxlaw-2830	177	43	60	60	NUM
taxlaw-2830	177	44	amount	amount	NOUN
taxlaw-2830	177	45	that	that	PRON
taxlaw-2830	177	46	remained	remain	VERB
taxlaw-2830	177	47	in	in	ADP
taxlaw-2830	177	48	the	the	DET
taxlaw-2830	177	49	case	case	NOUN
taxlaw-2830	177	50	of	of	ADP
taxlaw-2830	177	51	the	the	DET
taxlaw-2830	177	52	partnership	partnership	NOUN
taxlaw-2830	177	53	)	)	PUNCT
taxlaw-2830	177	54	.	.	PUNCT
taxlaw-2830	178	1	a.	a.	PROPN
taxlaw-2830	178	2	exempt	exempt	ADJ
taxlaw-2830	178	3	publicly	publicly	ADV
taxlaw-2830	178	4	traded	trade	VERB
taxlaw-2830	178	5	partnerships	partnership	NOUN
taxlaw-2830	178	6	as	as	SCONJ
taxlaw-2830	178	7	discussed	discuss	VERB
taxlaw-2830	178	8	above	above	ADV
taxlaw-2830	178	9	,	,	PUNCT
taxlaw-2830	178	10	typically	typically	ADV
taxlaw-2830	178	11	a	a	DET
taxlaw-2830	178	12	publicly	publicly	ADV
taxlaw-2830	178	13	traded	trade	VERB
taxlaw-2830	178	14	entity	entity	NOUN
taxlaw-2830	178	15	must	must	AUX
taxlaw-2830	178	16	be	be	AUX
taxlaw-2830	178	17	treated	treat	VERB
taxlaw-2830	178	18	as	as	ADP
taxlaw-2830	178	19	a	a	DET
taxlaw-2830	178	20	corporation	corporation	NOUN
taxlaw-2830	178	21	for	for	ADP
taxlaw-2830	178	22	tax	tax	NOUN
taxlaw-2830	178	23	purposes	purpose	NOUN
taxlaw-2830	178	24	,	,	PUNCT
taxlaw-2830	178	25	treatment	treatment	NOUN
taxlaw-2830	178	26	that	that	PRON
taxlaw-2830	178	27	subjects	subject	VERB
taxlaw-2830	178	28	its	its	PRON
taxlaw-2830	178	29	income	income	NOUN
taxlaw-2830	178	30	to	to	ADP
taxlaw-2830	178	31	two	two	NUM
taxlaw-2830	178	32	levels	level	NOUN
taxlaw-2830	178	33	of	of	ADP
taxlaw-2830	178	34	tax	tax	NOUN
taxlaw-2830	178	35	.	.	PUNCT
taxlaw-2830	179	1	however	however	ADV
taxlaw-2830	179	2	,	,	PUNCT
taxlaw-2830	179	3	certain	certain	ADJ
taxlaw-2830	179	4	entities	entity	NOUN
taxlaw-2830	179	5	(	(	PUNCT
taxlaw-2830	179	6	―exempt	―exempt	ADV
taxlaw-2830	179	7	publicly	publicly	ADV
taxlaw-2830	179	8	traded	trade	VERB
taxlaw-2830	179	9	partnerships‖	partnerships‖	NOUN
taxlaw-2830	179	10	)	)	PUNCT
taxlaw-2830	179	11	can	can	AUX
taxlaw-2830	179	12	be	be	AUX
taxlaw-2830	179	13	treated	treat	VERB
taxlaw-2830	179	14	as	as	ADP
taxlaw-2830	179	15	partnerships	partnership	NOUN
taxlaw-2830	179	16	for	for	ADP
taxlaw-2830	179	17	tax	tax	NOUN
taxlaw-2830	179	18	purposes	purpose	NOUN
taxlaw-2830	179	19	notwithstanding	notwithstanding	ADP
taxlaw-2830	179	20	the	the	DET
taxlaw-2830	179	21	fact	fact	NOUN
taxlaw-2830	179	22	that	that	SCONJ
taxlaw-2830	179	23	the	the	DET
taxlaw-2830	179	24	entities	entity	NOUN
taxlaw-2830	179	25	are	be	AUX
taxlaw-2830	179	26	publicly	publicly	ADV
taxlaw-2830	179	27	traded	trade	VERB
taxlaw-2830	179	28	.	.	PUNCT
taxlaw-2830	180	1	in	in	ADP
taxlaw-2830	180	2	order	order	NOUN
taxlaw-2830	180	3	to	to	PART
taxlaw-2830	180	4	constitute	constitute	VERB
taxlaw-2830	180	5	an	an	DET
taxlaw-2830	180	6	exempt	exempt	ADJ
taxlaw-2830	180	7	publicly	publicly	ADV
taxlaw-2830	180	8	traded	trade	VERB
taxlaw-2830	180	9	partnership	partnership	NOUN
taxlaw-2830	180	10	,	,	PUNCT
taxlaw-2830	180	11	the	the	DET
taxlaw-2830	180	12	entity	entity	NOUN
taxlaw-2830	180	13	must	must	AUX
taxlaw-2830	180	14	predominately	predominately	ADV
taxlaw-2830	180	15	earn	earn	VERB
taxlaw-2830	180	16	certain	certain	ADJ
taxlaw-2830	180	17	types	type	NOUN
taxlaw-2830	180	18	of	of	ADP
taxlaw-2830	180	19	―qualifying	―qualifye	VERB
taxlaw-2830	180	20	income.‖	income.‖	NOUN
taxlaw-2830	180	21	28	28	NUM
taxlaw-2830	180	22	in	in	ADP
taxlaw-2830	180	23	particular	particular	ADJ
taxlaw-2830	180	24	,	,	PUNCT
taxlaw-2830	180	25	at	at	ADV
taxlaw-2830	180	26	least	least	ADV
taxlaw-2830	180	27	90	90	NUM
taxlaw-2830	180	28	percent	percent	NOUN
taxlaw-2830	180	29	of	of	ADP
taxlaw-2830	180	30	the	the	DET
taxlaw-2830	180	31	entity‘s	entity‘s	PROPN
taxlaw-2830	180	32	gross	gross	ADJ
taxlaw-2830	180	33	income	income	NOUN
taxlaw-2830	180	34	must	must	AUX
taxlaw-2830	180	35	be	be	AUX
taxlaw-2830	180	36	―qualifying	―qualifye	VERB
taxlaw-2830	180	37	income.‖	income.‖	NOUN
taxlaw-2830	180	38	29	29	NUM
taxlaw-2830	180	39	―qualifying	―qualifying	NUM
taxlaw-2830	180	40	income‖	income‖	NUM
taxlaw-2830	180	41	includes	include	VERB
taxlaw-2830	180	42	dividend	dividend	NOUN
taxlaw-2830	180	43	income	income	NOUN
taxlaw-2830	180	44	,	,	PUNCT
taxlaw-2830	180	45	interest	interest	NOUN
taxlaw-2830	180	46	income	income	NOUN
taxlaw-2830	180	47	,	,	PUNCT
taxlaw-2830	180	48	capital	capital	NOUN
taxlaw-2830	180	49	gain	gain	NOUN
taxlaw-2830	180	50	income	income	NOUN
taxlaw-2830	180	51	,	,	PUNCT
taxlaw-2830	180	52	and	and	CCONJ
taxlaw-2830	180	53	certain	certain	ADJ
taxlaw-2830	180	54	other	other	ADJ
taxlaw-2830	180	55	types	type	NOUN
taxlaw-2830	180	56	of	of	ADP
taxlaw-2830	180	57	investment	investment	NOUN
taxlaw-2830	180	58	income	income	NOUN
taxlaw-2830	180	59	.	.	PUNCT
taxlaw-2830	181	1	30	30	NUM
taxlaw-2830	181	2	in	in	ADP
taxlaw-2830	181	3	addition	addition	NOUN
taxlaw-2830	181	4	,	,	PUNCT
taxlaw-2830	181	5	―qualifying	―qualifye	VERB
taxlaw-2830	181	6	income‖	income‖	NUM
taxlaw-2830	181	7	includes	include	VERB
taxlaw-2830	181	8	income	income	NOUN
taxlaw-2830	181	9	from	from	ADP
taxlaw-2830	181	10	activities	activity	NOUN
taxlaw-2830	181	11	related	relate	VERB
taxlaw-2830	181	12	to	to	ADP
taxlaw-2830	181	13	mining	mining	NOUN
taxlaw-2830	181	14	and	and	CCONJ
taxlaw-2830	181	15	natural	natural	ADJ
taxlaw-2830	181	16	resources	resource	NOUN
taxlaw-2830	181	17	.	.	PUNCT
taxlaw-2830	182	1	31	31	NUM
taxlaw-2830	182	2	certain	certain	ADJ
taxlaw-2830	182	3	types	type	NOUN
taxlaw-2830	182	4	of	of	ADP
taxlaw-2830	182	5	income	income	NOUN
taxlaw-2830	182	6	are	be	AUX
taxlaw-2830	182	7	excluded	exclude	VERB
taxlaw-2830	182	8	from	from	ADP
taxlaw-2830	182	9	the	the	DET
taxlaw-2830	182	10	definition	definition	NOUN
taxlaw-2830	182	11	of	of	ADP
taxlaw-2830	182	12	―qualifying	―qualifye	VERB
taxlaw-2830	182	13	income‖	income‖	PUNCT
taxlaw-2830	182	14	if	if	SCONJ
taxlaw-2830	182	15	they	they	PRON
taxlaw-2830	182	16	are	be	AUX
taxlaw-2830	182	17	earned	earn	VERB
taxlaw-2830	182	18	in	in	ADP
taxlaw-2830	182	19	particular	particular	ADJ
taxlaw-2830	182	20	ways	way	NOUN
taxlaw-2830	182	21	.	.	PUNCT
taxlaw-2830	183	1	for	for	ADP
taxlaw-2830	183	2	instance	instance	NOUN
taxlaw-2830	183	3	,	,	PUNCT
taxlaw-2830	183	4	interest	interest	NOUN
taxlaw-2830	183	5	is	be	AUX
taxlaw-2830	183	6	not	not	PART
taxlaw-2830	183	7	qualifying	qualify	VERB
taxlaw-2830	183	8	income	income	NOUN
taxlaw-2830	183	9	if	if	SCONJ
taxlaw-2830	183	10	it	it	PRON
taxlaw-2830	183	11	is	be	AUX
taxlaw-2830	183	12	derived	derive	VERB
taxlaw-2830	183	13	in	in	ADP
taxlaw-2830	183	14	the	the	DET
taxlaw-2830	183	15	conduct	conduct	NOUN
taxlaw-2830	183	16	of	of	ADP
taxlaw-2830	183	17	a	a	PRON
taxlaw-2830	183	18	financial	financial	ADJ
taxlaw-2830	183	19	or	or	CCONJ
taxlaw-2830	183	20	insurance	insurance	NOUN
taxlaw-2830	183	21	24	24	NUM
taxlaw-2830	183	22	see	see	NOUN
taxlaw-2830	183	23	i.r.c	i.r.c	NOUN
taxlaw-2830	183	24	.	.	PUNCT
taxlaw-2830	184	1	§	§	PROPN
taxlaw-2830	184	2	701	701	NUM
taxlaw-2830	184	3	.	.	PUNCT
taxlaw-2830	184	4	tax	tax	NOUN
taxlaw-2830	184	5	-	-	PUNCT
taxlaw-2830	184	6	exempt	exempt	ADJ
taxlaw-2830	184	7	owners	owner	NOUN
taxlaw-2830	184	8	generally	generally	ADV
taxlaw-2830	184	9	would	would	AUX
taxlaw-2830	184	10	be	be	AUX
taxlaw-2830	184	11	subject	subject	ADJ
taxlaw-2830	184	12	to	to	ADP
taxlaw-2830	184	13	tax	tax	NOUN
taxlaw-2830	184	14	on	on	ADP
taxlaw-2830	184	15	the	the	DET
taxlaw-2830	184	16	income	income	NOUN
taxlaw-2830	184	17	only	only	ADV
taxlaw-2830	184	18	if	if	SCONJ
taxlaw-2830	184	19	the	the	DET
taxlaw-2830	184	20	underlying	underlie	VERB
taxlaw-2830	184	21	income	income	NOUN
taxlaw-2830	184	22	earned	earn	VERB
taxlaw-2830	184	23	by	by	ADP
taxlaw-2830	184	24	the	the	DET
taxlaw-2830	184	25	partnership	partnership	NOUN
taxlaw-2830	184	26	is	be	AUX
taxlaw-2830	184	27	unrelated	unrelated	ADJ
taxlaw-2830	184	28	business	business	NOUN
taxlaw-2830	184	29	taxable	taxable	ADJ
taxlaw-2830	184	30	income	income	NOUN
taxlaw-2830	184	31	.	.	PUNCT
taxlaw-2830	185	1	see	see	VERB
taxlaw-2830	185	2	i.r.c	i.r.c	NOUN
taxlaw-2830	185	3	.	.	PUNCT
taxlaw-2830	186	1	§	§	PROPN
taxlaw-2830	186	2	512(c	512(c	PROPN
taxlaw-2830	186	3	)	)	PUNCT
taxlaw-2830	186	4	.	.	PUNCT
taxlaw-2830	187	1	nonu.s	nonu.s	PROPN
taxlaw-2830	187	2	.	.	PUNCT
taxlaw-2830	188	1	investors	investor	NOUN
taxlaw-2830	188	2	would	would	AUX
taxlaw-2830	188	3	be	be	AUX
taxlaw-2830	188	4	subject	subject	ADJ
taxlaw-2830	188	5	to	to	ADP
taxlaw-2830	188	6	u.s	u.s	PROPN
taxlaw-2830	188	7	.	.	PROPN
taxlaw-2830	188	8	tax	tax	NOUN
taxlaw-2830	188	9	if	if	SCONJ
taxlaw-2830	188	10	the	the	DET
taxlaw-2830	188	11	underlying	underlie	VERB
taxlaw-2830	188	12	income	income	NOUN
taxlaw-2830	188	13	earned	earn	VERB
taxlaw-2830	188	14	by	by	ADP
taxlaw-2830	188	15	the	the	DET
taxlaw-2830	188	16	partnership	partnership	NOUN
taxlaw-2830	188	17	was	be	AUX
taxlaw-2830	188	18	effectively	effectively	ADV
taxlaw-2830	188	19	connected	connect	VERB
taxlaw-2830	188	20	with	with	ADP
taxlaw-2830	188	21	a	a	DET
taxlaw-2830	188	22	u.s	u.s	PROPN
taxlaw-2830	188	23	.	.	PROPN
taxlaw-2830	188	24	trade	trade	NOUN
taxlaw-2830	188	25	or	or	CCONJ
taxlaw-2830	188	26	business	business	NOUN
taxlaw-2830	188	27	or	or	CCONJ
taxlaw-2830	188	28	was	be	AUX
taxlaw-2830	188	29	u.s	u.s	PROPN
taxlaw-2830	188	30	.	.	PROPN
taxlaw-2830	188	31	source	source	NOUN
taxlaw-2830	188	32	income	income	NOUN
taxlaw-2830	188	33	of	of	ADP
taxlaw-2830	188	34	certain	certain	ADJ
taxlaw-2830	188	35	types	type	NOUN
taxlaw-2830	188	36	,	,	PUNCT
taxlaw-2830	188	37	but	but	CCONJ
taxlaw-2830	188	38	,	,	PUNCT
taxlaw-2830	188	39	in	in	ADP
taxlaw-2830	188	40	other	other	ADJ
taxlaw-2830	188	41	cases	case	NOUN
taxlaw-2830	188	42	,	,	PUNCT
taxlaw-2830	188	43	non	non	ADJ
taxlaw-2830	188	44	-	-	ADJ
taxlaw-2830	188	45	u.s	u.s	PROPN
taxlaw-2830	188	46	.	.	PROPN
taxlaw-2830	188	47	investors	investor	NOUN
taxlaw-2830	188	48	would	would	AUX
taxlaw-2830	188	49	generally	generally	ADV
taxlaw-2830	188	50	be	be	AUX
taxlaw-2830	188	51	exempt	exempt	ADJ
taxlaw-2830	188	52	from	from	ADP
taxlaw-2830	188	53	u.s	u.s	PROPN
taxlaw-2830	188	54	.	.	PROPN
taxlaw-2830	188	55	tax	tax	NOUN
taxlaw-2830	188	56	.	.	PUNCT
taxlaw-2830	189	1	25	25	NUM
taxlaw-2830	189	2	see	see	VERB
taxlaw-2830	189	3	supra	supra	PROPN
taxlaw-2830	189	4	notes	note	VERB
taxlaw-2830	189	5	22	22	NUM
taxlaw-2830	189	6	-	-	SYM
taxlaw-2830	189	7	23	23	NUM
taxlaw-2830	189	8	and	and	CCONJ
taxlaw-2830	189	9	accompanying	accompany	VERB
taxlaw-2830	189	10	text	text	NOUN
taxlaw-2830	189	11	.	.	PUNCT
taxlaw-2830	190	1	26	26	NUM
taxlaw-2830	190	2	see	see	VERB
taxlaw-2830	190	3	supra	supra	PROPN
taxlaw-2830	190	4	note	note	PROPN
taxlaw-2830	190	5	24	24	NUM
taxlaw-2830	190	6	and	and	CCONJ
taxlaw-2830	190	7	accompanying	accompany	VERB
taxlaw-2830	190	8	text	text	NOUN
taxlaw-2830	190	9	.	.	PUNCT
taxlaw-2830	191	1	27	27	NUM
taxlaw-2830	191	2	this	this	DET
taxlaw-2830	191	3	example	example	NOUN
taxlaw-2830	191	4	also	also	ADV
taxlaw-2830	191	5	assumes	assume	VERB
taxlaw-2830	191	6	that	that	SCONJ
taxlaw-2830	191	7	the	the	DET
taxlaw-2830	191	8	underlying	underlie	VERB
taxlaw-2830	191	9	income	income	NOUN
taxlaw-2830	191	10	earned	earn	VERB
taxlaw-2830	191	11	by	by	ADP
taxlaw-2830	191	12	the	the	DET
taxlaw-2830	191	13	business	business	NOUN
taxlaw-2830	191	14	is	be	AUX
taxlaw-2830	191	15	ordinary	ordinary	ADJ
taxlaw-2830	191	16	income	income	NOUN
taxlaw-2830	191	17	,	,	PUNCT
taxlaw-2830	191	18	all	all	DET
taxlaw-2830	191	19	the	the	DET
taxlaw-2830	191	20	individual	individual	ADJ
taxlaw-2830	191	21	owners	owner	NOUN
taxlaw-2830	191	22	of	of	ADP
taxlaw-2830	191	23	the	the	DET
taxlaw-2830	191	24	business	business	NOUN
taxlaw-2830	191	25	are	be	AUX
taxlaw-2830	191	26	subject	subject	ADJ
taxlaw-2830	191	27	to	to	ADP
taxlaw-2830	191	28	a	a	DET
taxlaw-2830	191	29	tax	tax	NOUN
taxlaw-2830	191	30	rate	rate	NOUN
taxlaw-2830	191	31	of	of	ADP
taxlaw-2830	191	32	40	40	NUM
taxlaw-2830	191	33	percent	percent	NOUN
taxlaw-2830	191	34	on	on	ADP
taxlaw-2830	191	35	ordinary	ordinary	ADJ
taxlaw-2830	191	36	income	income	NOUN
taxlaw-2830	191	37	,	,	PUNCT
taxlaw-2830	191	38	all	all	DET
taxlaw-2830	191	39	the	the	DET
taxlaw-2830	191	40	individual	individual	ADJ
taxlaw-2830	191	41	owners	owner	NOUN
taxlaw-2830	191	42	of	of	ADP
taxlaw-2830	191	43	the	the	DET
taxlaw-2830	191	44	business	business	NOUN
taxlaw-2830	191	45	are	be	AUX
taxlaw-2830	191	46	subject	subject	ADJ
taxlaw-2830	191	47	to	to	ADP
taxlaw-2830	191	48	a	a	DET
taxlaw-2830	191	49	tax	tax	NOUN
taxlaw-2830	191	50	rate	rate	NOUN
taxlaw-2830	191	51	of	of	ADP
taxlaw-2830	191	52	20	20	NUM
taxlaw-2830	191	53	percent	percent	NOUN
taxlaw-2830	191	54	on	on	ADP
taxlaw-2830	191	55	dividend	dividend	NOUN
taxlaw-2830	191	56	income	income	NOUN
taxlaw-2830	191	57	,	,	PUNCT
taxlaw-2830	191	58	and	and	CCONJ
taxlaw-2830	191	59	the	the	DET
taxlaw-2830	191	60	corporate	corporate	ADJ
taxlaw-2830	191	61	tax	tax	NOUN
taxlaw-2830	191	62	rate	rate	NOUN
taxlaw-2830	191	63	is	be	AUX
taxlaw-2830	191	64	35	35	NUM
taxlaw-2830	191	65	percent	percent	NOUN
taxlaw-2830	191	66	.	.	PUNCT
taxlaw-2830	192	1	28	28	NUM
taxlaw-2830	192	2	see	see	VERB
taxlaw-2830	192	3	i.r.c	i.r.c	NOUN
taxlaw-2830	192	4	.	.	PUNCT
taxlaw-2830	193	1	§	§	PROPN
taxlaw-2830	193	2	7704(c	7704(c	NOUN
taxlaw-2830	193	3	)	)	PUNCT
taxlaw-2830	193	4	.	.	PUNCT
taxlaw-2830	194	1	in	in	ADP
taxlaw-2830	194	2	order	order	NOUN
taxlaw-2830	194	3	to	to	PART
taxlaw-2830	194	4	obtain	obtain	VERB
taxlaw-2830	194	5	partnership	partnership	NOUN
taxlaw-2830	194	6	classification	classification	NOUN
taxlaw-2830	194	7	,	,	PUNCT
taxlaw-2830	194	8	the	the	DET
taxlaw-2830	194	9	entity	entity	NOUN
taxlaw-2830	194	10	also	also	ADV
taxlaw-2830	194	11	must	must	AUX
taxlaw-2830	194	12	not	not	PART
taxlaw-2830	194	13	be	be	AUX
taxlaw-2830	194	14	automatically	automatically	ADV
taxlaw-2830	194	15	classified	classify	VERB
taxlaw-2830	194	16	as	as	ADP
taxlaw-2830	194	17	a	a	DET
taxlaw-2830	194	18	corporation	corporation	NOUN
taxlaw-2830	194	19	under	under	ADP
taxlaw-2830	194	20	certain	certain	ADJ
taxlaw-2830	194	21	other	other	ADJ
taxlaw-2830	194	22	provisions	provision	NOUN
taxlaw-2830	194	23	.	.	PUNCT
taxlaw-2830	195	1	see	see	VERB
taxlaw-2830	195	2	treas	treas	PROPN
taxlaw-2830	195	3	.	.	PUNCT
taxlaw-2830	196	1	regs	regs	PROPN
taxlaw-2830	196	2	.	.	PUNCT
taxlaw-2830	197	1	§	§	PROPN
taxlaw-2830	197	2	§	§	ADJ
taxlaw-2830	197	3	301.7701	301.7701	NUM
taxlaw-2830	197	4	-	-	SYM
taxlaw-2830	197	5	2(b)(1	2(b)(1	NUM
taxlaw-2830	197	6	)	)	PUNCT
taxlaw-2830	197	7	,	,	PUNCT
taxlaw-2830	197	8	(	(	PUNCT
taxlaw-2830	197	9	3)–(8	3)–(8	NUM
taxlaw-2830	197	10	)	)	PUNCT
taxlaw-2830	197	11	(	(	PUNCT
taxlaw-2830	197	12	describing	describe	VERB
taxlaw-2830	197	13	entities	entity	NOUN
taxlaw-2830	197	14	that	that	PRON
taxlaw-2830	197	15	must	must	AUX
taxlaw-2830	197	16	be	be	AUX
taxlaw-2830	197	17	treated	treat	VERB
taxlaw-2830	197	18	as	as	ADP
taxlaw-2830	197	19	corporations	corporation	NOUN
taxlaw-2830	197	20	)	)	PUNCT
taxlaw-2830	197	21	.	.	PUNCT
taxlaw-2830	198	1	29	29	NUM
taxlaw-2830	198	2	i.r.c	i.r.c	NOUN
taxlaw-2830	198	3	.	.	PUNCT
taxlaw-2830	199	1	§	§	PROPN
taxlaw-2830	199	2	7704(c	7704(c	NOUN
taxlaw-2830	199	3	)	)	PUNCT
taxlaw-2830	199	4	.	.	PUNCT
taxlaw-2830	200	1	30	30	NUM
taxlaw-2830	200	2	i.r.c	i.r.c	NOUN
taxlaw-2830	200	3	.	.	PUNCT
taxlaw-2830	201	1	§	§	PROPN
taxlaw-2830	201	2	7704(d	7704(d	PROPN
taxlaw-2830	201	3	)	)	PUNCT
taxlaw-2830	201	4	.	.	PUNCT
taxlaw-2830	202	1	31	31	NUM
taxlaw-2830	202	2	specifically	specifically	ADV
taxlaw-2830	202	3	,	,	PUNCT
taxlaw-2830	202	4	the	the	DET
taxlaw-2830	202	5	term	term	NOUN
taxlaw-2830	202	6	―qualifying	―qualifye	VERB
taxlaw-2830	202	7	income‖	income‖	PUNCT
taxlaw-2830	202	8	also	also	ADV
taxlaw-2830	202	9	includes	include	VERB
taxlaw-2830	202	10	―income	―income	PROPN
taxlaw-2830	202	11	and	and	CCONJ
taxlaw-2830	202	12	gains	gain	NOUN
taxlaw-2830	202	13	derived	derive	VERB
taxlaw-2830	202	14	from	from	ADP
taxlaw-2830	202	15	the	the	DET
taxlaw-2830	202	16	exploration	exploration	NOUN
taxlaw-2830	202	17	,	,	PUNCT
taxlaw-2830	202	18	development	development	NOUN
taxlaw-2830	202	19	,	,	PUNCT
taxlaw-2830	202	20	mining	mining	NOUN
taxlaw-2830	202	21	or	or	CCONJ
taxlaw-2830	202	22	production	production	NOUN
taxlaw-2830	202	23	,	,	PUNCT
taxlaw-2830	202	24	processing	processing	NOUN
taxlaw-2830	202	25	,	,	PUNCT
taxlaw-2830	202	26	refining	refining	NOUN
taxlaw-2830	202	27	,	,	PUNCT
taxlaw-2830	202	28	transportation	transportation	NOUN
taxlaw-2830	202	29	.	.	PUNCT
taxlaw-2830	202	30	.	.	PUNCT
taxlaw-2830	203	1	.	.	PUNCT
taxlaw-2830	204	1	,	,	PUNCT
taxlaw-2830	204	2	or	or	CCONJ
taxlaw-2830	204	3	the	the	DET
taxlaw-2830	204	4	marketing	marketing	NOUN
taxlaw-2830	204	5	of	of	ADP
taxlaw-2830	204	6	any	any	DET
taxlaw-2830	204	7	mineral	mineral	NOUN
taxlaw-2830	204	8	or	or	CCONJ
taxlaw-2830	204	9	natural	natural	ADJ
taxlaw-2830	204	10	resource	resource	NOUN
taxlaw-2830	204	11	.	.	PUNCT
taxlaw-2830	204	12	.	.	PUNCT
taxlaw-2830	205	1	.‖	.‖	NOUN
taxlaw-2830	205	2	i.r.c	i.r.c	NOUN
taxlaw-2830	205	3	.	.	PUNCT
taxlaw-2830	206	1	§	§	PROPN
taxlaw-2830	206	2	7704(d)(1)(e	7704(d)(1)(e	PROPN
taxlaw-2830	206	3	)	)	PUNCT
taxlaw-2830	206	4	.	.	PUNCT
taxlaw-2830	207	1	columbia	columbia	PROPN
taxlaw-2830	207	2	journal	journal	PROPN
taxlaw-2830	207	3	of	of	ADP
taxlaw-2830	207	4	tax	tax	NOUN
taxlaw-2830	207	5	law	law	NOUN
taxlaw-2830	208	1	[	[	X
taxlaw-2830	208	2	vol.6:147	vol.6:147	PROPN
taxlaw-2830	208	3	154	154	NUM
taxlaw-2830	208	4	business	business	NOUN
taxlaw-2830	208	5	.	.	PUNCT
taxlaw-2830	209	1	32	32	NUM
taxlaw-2830	210	1	in	in	ADP
taxlaw-2830	210	2	addition	addition	NOUN
taxlaw-2830	210	3	,	,	PUNCT
taxlaw-2830	210	4	interest	interest	NOUN
taxlaw-2830	210	5	and	and	CCONJ
taxlaw-2830	210	6	rent	rent	NOUN
taxlaw-2830	210	7	that	that	PRON
taxlaw-2830	210	8	are	be	AUX
taxlaw-2830	210	9	contingent	contingent	ADJ
taxlaw-2830	210	10	upon	upon	SCONJ
taxlaw-2830	210	11	profits	profit	NOUN
taxlaw-2830	210	12	do	do	AUX
taxlaw-2830	210	13	not	not	PART
taxlaw-2830	210	14	constitute	constitute	VERB
taxlaw-2830	210	15	qualifying	qualify	VERB
taxlaw-2830	210	16	income	income	NOUN
taxlaw-2830	210	17	,	,	PUNCT
taxlaw-2830	210	18	subject	subject	ADJ
taxlaw-2830	210	19	to	to	ADP
taxlaw-2830	210	20	certain	certain	ADJ
taxlaw-2830	210	21	exceptions	exception	NOUN
taxlaw-2830	210	22	.	.	PUNCT
taxlaw-2830	211	1	33	33	NUM
taxlaw-2830	211	2	because	because	SCONJ
taxlaw-2830	211	3	an	an	DET
taxlaw-2830	211	4	exempt	exempt	ADJ
taxlaw-2830	211	5	publicly	publicly	ADV
taxlaw-2830	211	6	traded	trade	VERB
taxlaw-2830	211	7	partnership	partnership	NOUN
taxlaw-2830	211	8	is	be	AUX
taxlaw-2830	211	9	treated	treat	VERB
taxlaw-2830	211	10	like	like	ADP
taxlaw-2830	211	11	a	a	DET
taxlaw-2830	211	12	partnership	partnership	NOUN
taxlaw-2830	211	13	for	for	ADP
taxlaw-2830	211	14	tax	tax	NOUN
taxlaw-2830	211	15	purposes	purpose	NOUN
taxlaw-2830	211	16	,	,	PUNCT
taxlaw-2830	211	17	it	it	PRON
taxlaw-2830	211	18	avoids	avoid	VERB
taxlaw-2830	211	19	entity	entity	NOUN
taxlaw-2830	211	20	-	-	PUNCT
taxlaw-2830	211	21	level	level	NOUN
taxlaw-2830	211	22	tax	tax	NOUN
taxlaw-2830	211	23	.	.	PUNCT
taxlaw-2830	212	1	instead	instead	ADV
taxlaw-2830	212	2	of	of	ADP
taxlaw-2830	212	3	subjecting	subject	VERB
taxlaw-2830	212	4	income	income	NOUN
taxlaw-2830	212	5	to	to	ADP
taxlaw-2830	212	6	tax	tax	NOUN
taxlaw-2830	212	7	at	at	ADP
taxlaw-2830	212	8	the	the	DET
taxlaw-2830	212	9	entity	entity	NOUN
taxlaw-2830	212	10	level	level	NOUN
taxlaw-2830	212	11	,	,	PUNCT
taxlaw-2830	212	12	any	any	DET
taxlaw-2830	212	13	items	item	NOUN
taxlaw-2830	212	14	of	of	ADP
taxlaw-2830	212	15	tax	tax	NOUN
taxlaw-2830	212	16	income	income	NOUN
taxlaw-2830	212	17	,	,	PUNCT
taxlaw-2830	212	18	gain	gain	NOUN
taxlaw-2830	212	19	,	,	PUNCT
taxlaw-2830	212	20	loss	loss	NOUN
taxlaw-2830	212	21	,	,	PUNCT
taxlaw-2830	212	22	or	or	CCONJ
taxlaw-2830	212	23	deduction	deduction	NOUN
taxlaw-2830	212	24	recognized	recognize	VERB
taxlaw-2830	212	25	by	by	ADP
taxlaw-2830	212	26	the	the	DET
taxlaw-2830	212	27	entity	entity	NOUN
taxlaw-2830	212	28	will	will	AUX
taxlaw-2830	212	29	be	be	AUX
taxlaw-2830	212	30	passed	pass	VERB
taxlaw-2830	212	31	through	through	ADP
taxlaw-2830	212	32	to	to	ADP
taxlaw-2830	212	33	the	the	DET
taxlaw-2830	212	34	entity‘s	entity‘s	PROPN
taxlaw-2830	212	35	owners	owner	NOUN
taxlaw-2830	212	36	for	for	ADP
taxlaw-2830	212	37	the	the	DET
taxlaw-2830	212	38	owners	owner	NOUN
taxlaw-2830	212	39	to	to	PART
taxlaw-2830	212	40	take	take	VERB
taxlaw-2830	212	41	into	into	ADP
taxlaw-2830	212	42	account	account	NOUN
taxlaw-2830	212	43	directly	directly	ADV
taxlaw-2830	212	44	when	when	SCONJ
taxlaw-2830	212	45	computing	compute	VERB
taxlaw-2830	212	46	their	their	PRON
taxlaw-2830	212	47	own	own	ADJ
taxlaw-2830	212	48	taxable	taxable	ADJ
taxlaw-2830	212	49	income	income	NOUN
taxlaw-2830	212	50	.	.	PUNCT
taxlaw-2830	213	1	34	34	NUM
taxlaw-2830	213	2	b.	b.	PROPN
taxlaw-2830	213	3	real	real	ADJ
taxlaw-2830	213	4	estate	estate	NOUN
taxlaw-2830	213	5	investment	investment	NOUN
taxlaw-2830	213	6	trusts	trust	VERB
taxlaw-2830	213	7	a	a	DET
taxlaw-2830	213	8	publicly	publicly	ADV
taxlaw-2830	213	9	traded	trade	VERB
taxlaw-2830	213	10	entity	entity	NOUN
taxlaw-2830	213	11	can	can	AUX
taxlaw-2830	213	12	also	also	ADV
taxlaw-2830	213	13	avoid	avoid	VERB
taxlaw-2830	213	14	subjecting	subject	VERB
taxlaw-2830	213	15	its	its	PRON
taxlaw-2830	213	16	income	income	NOUN
taxlaw-2830	213	17	to	to	ADP
taxlaw-2830	213	18	two	two	NUM
taxlaw-2830	213	19	levels	level	NOUN
taxlaw-2830	213	20	of	of	ADP
taxlaw-2830	213	21	tax	tax	NOUN
taxlaw-2830	213	22	if	if	SCONJ
taxlaw-2830	213	23	the	the	DET
taxlaw-2830	213	24	entity	entity	NOUN
taxlaw-2830	213	25	achieves	achieve	VERB
taxlaw-2830	213	26	classification	classification	NOUN
taxlaw-2830	213	27	as	as	ADP
taxlaw-2830	213	28	a	a	DET
taxlaw-2830	213	29	real	real	ADJ
taxlaw-2830	213	30	estate	estate	NOUN
taxlaw-2830	213	31	investment	investment	NOUN
taxlaw-2830	213	32	trust	trust	NOUN
taxlaw-2830	213	33	(	(	PUNCT
taxlaw-2830	213	34	a	a	DET
taxlaw-2830	213	35	―reit‖	―reit‖	PROPN
taxlaw-2830	213	36	)	)	PUNCT
taxlaw-2830	213	37	.	.	PUNCT
taxlaw-2830	214	1	a	a	DET
taxlaw-2830	214	2	reit	reit	NOUN
taxlaw-2830	214	3	is	be	AUX
taxlaw-2830	214	4	generally	generally	ADV
taxlaw-2830	214	5	treated	treat	VERB
taxlaw-2830	214	6	as	as	ADP
taxlaw-2830	214	7	a	a	DET
taxlaw-2830	214	8	corporation	corporation	NOUN
taxlaw-2830	214	9	for	for	ADP
taxlaw-2830	214	10	tax	tax	NOUN
taxlaw-2830	214	11	purposes	purpose	NOUN
taxlaw-2830	214	12	.	.	PUNCT
taxlaw-2830	215	1	however	however	ADV
taxlaw-2830	215	2	,	,	PUNCT
taxlaw-2830	215	3	unlike	unlike	ADP
taxlaw-2830	215	4	an	an	DET
taxlaw-2830	215	5	ordinary	ordinary	ADJ
taxlaw-2830	215	6	corporation	corporation	NOUN
taxlaw-2830	215	7	,	,	PUNCT
taxlaw-2830	215	8	a	a	DET
taxlaw-2830	215	9	reit	reit	NOUN
taxlaw-2830	215	10	is	be	AUX
taxlaw-2830	215	11	entitled	entitle	VERB
taxlaw-2830	215	12	to	to	PART
taxlaw-2830	215	13	deduct	deduct	VERB
taxlaw-2830	215	14	dividends	dividend	NOUN
taxlaw-2830	215	15	that	that	PRON
taxlaw-2830	215	16	it	it	PRON
taxlaw-2830	215	17	pays	pay	VERB
taxlaw-2830	215	18	to	to	ADP
taxlaw-2830	215	19	its	its	PRON
taxlaw-2830	215	20	shareholders	shareholder	NOUN
taxlaw-2830	215	21	for	for	ADP
taxlaw-2830	215	22	purposes	purpose	NOUN
taxlaw-2830	215	23	of	of	ADP
taxlaw-2830	215	24	computing	compute	VERB
taxlaw-2830	215	25	the	the	DET
taxlaw-2830	215	26	reit	reit	NOUN
taxlaw-2830	215	27	's	's	PART
taxlaw-2830	215	28	income	income	NOUN
taxlaw-2830	215	29	that	that	PRON
taxlaw-2830	215	30	is	be	AUX
taxlaw-2830	215	31	subject	subject	ADJ
taxlaw-2830	215	32	to	to	ADP
taxlaw-2830	215	33	tax	tax	NOUN
taxlaw-2830	215	34	at	at	ADP
taxlaw-2830	215	35	the	the	DET
taxlaw-2830	215	36	reit	reit	NOUN
taxlaw-2830	215	37	level	level	NOUN
taxlaw-2830	215	38	.	.	PUNCT
taxlaw-2830	216	1	35	35	NUM
taxlaw-2830	216	2	therefore	therefore	ADV
taxlaw-2830	216	3	,	,	PUNCT
taxlaw-2830	216	4	unlike	unlike	ADP
taxlaw-2830	216	5	an	an	DET
taxlaw-2830	216	6	ordinary	ordinary	ADJ
taxlaw-2830	216	7	corporation	corporation	NOUN
taxlaw-2830	216	8	,	,	PUNCT
taxlaw-2830	216	9	a	a	DET
taxlaw-2830	216	10	reit	reit	NOUN
taxlaw-2830	216	11	can	can	AUX
taxlaw-2830	216	12	avoid	avoid	VERB
taxlaw-2830	216	13	entity	entity	NOUN
taxlaw-2830	216	14	-	-	PUNCT
taxlaw-2830	216	15	level	level	NOUN
taxlaw-2830	216	16	tax	tax	NOUN
taxlaw-2830	216	17	by	by	ADP
taxlaw-2830	216	18	distributing	distribute	VERB
taxlaw-2830	216	19	all	all	PRON
taxlaw-2830	216	20	of	of	ADP
taxlaw-2830	216	21	its	its	PRON
taxlaw-2830	216	22	income	income	NOUN
taxlaw-2830	216	23	to	to	ADP
taxlaw-2830	216	24	its	its	PRON
taxlaw-2830	216	25	owners	owner	NOUN
taxlaw-2830	216	26	.	.	PUNCT
taxlaw-2830	217	1	36	36	NUM
taxlaw-2830	217	2	32	32	NUM
taxlaw-2830	217	3	see	see	NOUN
taxlaw-2830	217	4	i.r.c	i.r.c	NOUN
taxlaw-2830	217	5	.	.	PUNCT
taxlaw-2830	218	1	§	§	PROPN
taxlaw-2830	218	2	7704(d)(2)(a	7704(d)(2)(a	NUM
taxlaw-2830	218	3	)	)	PUNCT
taxlaw-2830	218	4	.	.	PUNCT
taxlaw-2830	219	1	regarding	regard	VERB
taxlaw-2830	219	2	this	this	DET
taxlaw-2830	219	3	carve	carve	NOUN
taxlaw-2830	219	4	-	-	PUNCT
taxlaw-2830	219	5	out	out	NOUN
taxlaw-2830	219	6	,	,	PUNCT
taxlaw-2830	219	7	legislative	legislative	ADJ
taxlaw-2830	219	8	history	history	NOUN
taxlaw-2830	219	9	accompanying	accompany	VERB
taxlaw-2830	219	10	the	the	DET
taxlaw-2830	219	11	adoption	adoption	NOUN
taxlaw-2830	219	12	of	of	ADP
taxlaw-2830	219	13	the	the	DET
taxlaw-2830	219	14	publicly	publicly	ADV
taxlaw-2830	219	15	traded	trade	VERB
taxlaw-2830	219	16	partnership	partnership	NOUN
taxlaw-2830	219	17	rules	rule	VERB
taxlaw-2830	219	18	states	state	VERB
taxlaw-2830	219	19	that	that	SCONJ
taxlaw-2830	219	20	―interest	―inter	ADJ
taxlaw-2830	219	21	is	be	AUX
taxlaw-2830	219	22	not	not	PART
taxlaw-2830	219	23	treated	treat	VERB
taxlaw-2830	219	24	as	as	ADP
taxlaw-2830	219	25	passive	passive	ADJ
taxlaw-2830	219	26	-	-	PUNCT
taxlaw-2830	219	27	type	type	NOUN
taxlaw-2830	219	28	income	income	NOUN
taxlaw-2830	219	29	if	if	SCONJ
taxlaw-2830	219	30	it	it	PRON
taxlaw-2830	219	31	is	be	AUX
taxlaw-2830	219	32	derived	derive	VERB
taxlaw-2830	219	33	in	in	ADP
taxlaw-2830	219	34	the	the	DET
taxlaw-2830	219	35	conduct	conduct	NOUN
taxlaw-2830	219	36	of	of	ADP
taxlaw-2830	219	37	a	a	DET
taxlaw-2830	219	38	financial	financial	ADJ
taxlaw-2830	219	39	or	or	CCONJ
taxlaw-2830	219	40	insurance	insurance	NOUN
taxlaw-2830	219	41	business	business	NOUN
taxlaw-2830	219	42	.	.	PUNCT
taxlaw-2830	220	1	thus	thus	ADV
taxlaw-2830	220	2	,	,	PUNCT
taxlaw-2830	220	3	for	for	ADP
taxlaw-2830	220	4	example	example	NOUN
taxlaw-2830	220	5	,	,	PUNCT
taxlaw-2830	220	6	interest	interest	NOUN
taxlaw-2830	220	7	income	income	NOUN
taxlaw-2830	220	8	from	from	ADP
taxlaw-2830	220	9	the	the	DET
taxlaw-2830	220	10	conduct	conduct	NOUN
taxlaw-2830	220	11	of	of	ADP
taxlaw-2830	220	12	a	a	DET
taxlaw-2830	220	13	banking	banking	NOUN
taxlaw-2830	220	14	business	business	NOUN
taxlaw-2830	220	15	is	be	AUX
taxlaw-2830	220	16	not	not	PART
taxlaw-2830	220	17	treated	treat	VERB
taxlaw-2830	220	18	as	as	ADP
taxlaw-2830	220	19	passive	passive	ADJ
taxlaw-2830	220	20	-	-	PUNCT
taxlaw-2830	220	21	type	type	NOUN
taxlaw-2830	220	22	income	income	NOUN
taxlaw-2830	220	23	,	,	PUNCT
taxlaw-2830	220	24	as	as	SCONJ
taxlaw-2830	220	25	deriving	derive	VERB
taxlaw-2830	220	26	interest	interest	NOUN
taxlaw-2830	220	27	is	be	AUX
taxlaw-2830	220	28	an	an	DET
taxlaw-2830	220	29	integral	integral	ADJ
taxlaw-2830	220	30	part	part	NOUN
taxlaw-2830	220	31	of	of	ADP
taxlaw-2830	220	32	the	the	DET
taxlaw-2830	220	33	active	active	ADJ
taxlaw-2830	220	34	conduct	conduct	NOUN
taxlaw-2830	220	35	of	of	ADP
taxlaw-2830	220	36	the	the	DET
taxlaw-2830	220	37	business.‖	business.‖	PROPN
taxlaw-2830	220	38	h.r	h.r	PROPN
taxlaw-2830	220	39	.	.	PROPN
taxlaw-2830	220	40	rep	rep	PROPN
taxlaw-2830	220	41	.	.	PUNCT
taxlaw-2830	221	1	no	no	INTJ
taxlaw-2830	221	2	.	.	NOUN
taxlaw-2830	221	3	100	100	NUM
taxlaw-2830	221	4	-	-	SYM
taxlaw-2830	221	5	391	391	NUM
taxlaw-2830	221	6	(	(	PUNCT
taxlaw-2830	221	7	1987	1987	NUM
taxlaw-2830	221	8	)	)	PUNCT
taxlaw-2830	221	9	.	.	PUNCT
taxlaw-2830	222	1	33	33	NUM
taxlaw-2830	222	2	see	see	VERB
taxlaw-2830	222	3	i.r.c	i.r.c	NOUN
taxlaw-2830	222	4	.	.	PUNCT
taxlaw-2830	223	1	§	§	PROPN
taxlaw-2830	223	2	§	§	PROPN
taxlaw-2830	223	3	7704(d)(2)(b	7704(d)(2)(b	NUM
taxlaw-2830	223	4	)	)	PUNCT
taxlaw-2830	223	5	,	,	PUNCT
taxlaw-2830	223	6	7704(d)(3	7704(d)(3	NUM
taxlaw-2830	223	7	)	)	PUNCT
taxlaw-2830	223	8	.	.	PUNCT
taxlaw-2830	224	1	regarding	regard	VERB
taxlaw-2830	224	2	these	these	DET
taxlaw-2830	224	3	limitations	limitation	NOUN
taxlaw-2830	224	4	on	on	ADP
taxlaw-2830	224	5	the	the	DET
taxlaw-2830	224	6	definition	definition	NOUN
taxlaw-2830	224	7	of	of	ADP
taxlaw-2830	224	8	―qualifying	―qualifye	VERB
taxlaw-2830	224	9	income,‖	income,‖	PROPN
taxlaw-2830	224	10	legislative	legislative	ADJ
taxlaw-2830	224	11	history	history	NOUN
taxlaw-2830	224	12	accompanying	accompany	VERB
taxlaw-2830	224	13	the	the	DET
taxlaw-2830	224	14	adoption	adoption	NOUN
taxlaw-2830	224	15	of	of	ADP
taxlaw-2830	224	16	the	the	DET
taxlaw-2830	224	17	publicly	publicly	ADV
taxlaw-2830	224	18	traded	trade	VERB
taxlaw-2830	224	19	partnership	partnership	NOUN
taxlaw-2830	224	20	rules	rule	VERB
taxlaw-2830	224	21	states	state	VERB
taxlaw-2830	224	22	that	that	SCONJ
taxlaw-2830	224	23	―[i]nterest	―[i]nter	ADJ
taxlaw-2830	224	24	or	or	CCONJ
taxlaw-2830	224	25	rent	rent	VERB
taxlaw-2830	224	26	(	(	PUNCT
taxlaw-2830	224	27	or	or	CCONJ
taxlaw-2830	224	28	other	other	ADJ
taxlaw-2830	224	29	amounts	amount	NOUN
taxlaw-2830	224	30	)	)	PUNCT
taxlaw-2830	224	31	contingent	contingent	NOUN
taxlaw-2830	224	32	on	on	ADP
taxlaw-2830	224	33	profits	profit	NOUN
taxlaw-2830	224	34	involves	involve	VERB
taxlaw-2830	224	35	a	a	DET
taxlaw-2830	224	36	greater	great	ADJ
taxlaw-2830	224	37	degree	degree	NOUN
taxlaw-2830	224	38	of	of	ADP
taxlaw-2830	224	39	risk	risk	NOUN
taxlaw-2830	224	40	,	,	PUNCT
taxlaw-2830	224	41	and	and	CCONJ
taxlaw-2830	224	42	also	also	ADV
taxlaw-2830	224	43	a	a	DET
taxlaw-2830	224	44	greater	great	ADJ
taxlaw-2830	224	45	potential	potential	NOUN
taxlaw-2830	224	46	for	for	ADP
taxlaw-2830	224	47	economic	economic	ADJ
taxlaw-2830	224	48	gain	gain	NOUN
taxlaw-2830	224	49	,	,	PUNCT
taxlaw-2830	224	50	than	than	SCONJ
taxlaw-2830	224	51	fixed	fix	VERB
taxlaw-2830	224	52	(	(	PUNCT
taxlaw-2830	224	53	or	or	CCONJ
taxlaw-2830	224	54	even	even	ADV
taxlaw-2830	224	55	a	a	DET
taxlaw-2830	224	56	market	market	NOUN
taxlaw-2830	224	57	-	-	PUNCT
taxlaw-2830	224	58	indexed	index	VERB
taxlaw-2830	224	59	)	)	PUNCT
taxlaw-2830	224	60	rate	rate	NOUN
taxlaw-2830	224	61	of	of	ADP
taxlaw-2830	224	62	interest	interest	NOUN
taxlaw-2830	224	63	or	or	CCONJ
taxlaw-2830	224	64	rent	rent	NOUN
taxlaw-2830	224	65	,	,	PUNCT
taxlaw-2830	224	66	and	and	CCONJ
taxlaw-2830	224	67	thus	thus	ADV
taxlaw-2830	224	68	is	be	AUX
taxlaw-2830	224	69	more	more	ADV
taxlaw-2830	224	70	properly	properly	ADV
taxlaw-2830	224	71	regarded	regard	VERB
taxlaw-2830	224	72	as	as	ADP
taxlaw-2830	224	73	from	from	ADP
taxlaw-2830	224	74	an	an	DET
taxlaw-2830	224	75	underlying	underlie	VERB
taxlaw-2830	224	76	active	active	ADJ
taxlaw-2830	224	77	business	business	NOUN
taxlaw-2830	224	78	activity.‖	activity.‖	VERB
taxlaw-2830	224	79	h.r	h.r	PROPN
taxlaw-2830	224	80	.	.	PROPN
taxlaw-2830	224	81	rep	rep	PROPN
taxlaw-2830	224	82	.	.	PUNCT
taxlaw-2830	225	1	no	no	INTJ
taxlaw-2830	225	2	.	.	NOUN
taxlaw-2830	225	3	100	100	NUM
taxlaw-2830	225	4	-	-	SYM
taxlaw-2830	225	5	391	391	NUM
taxlaw-2830	225	6	(	(	PUNCT
taxlaw-2830	225	7	1987	1987	NUM
taxlaw-2830	225	8	)	)	PUNCT
taxlaw-2830	225	9	.	.	PUNCT
taxlaw-2830	226	1	34	34	NUM
taxlaw-2830	226	2	see	see	VERB
taxlaw-2830	226	3	i.r.c	i.r.c	NOUN
taxlaw-2830	226	4	.	.	PUNCT
taxlaw-2830	227	1	§	§	PROPN
taxlaw-2830	227	2	701	701	NUM
taxlaw-2830	227	3	.	.	PUNCT
taxlaw-2830	228	1	certain	certain	ADJ
taxlaw-2830	228	2	owners	owner	NOUN
taxlaw-2830	228	3	may	may	AUX
taxlaw-2830	228	4	not	not	PART
taxlaw-2830	228	5	be	be	AUX
taxlaw-2830	228	6	subject	subject	ADJ
taxlaw-2830	228	7	to	to	ADP
taxlaw-2830	228	8	tax	tax	NOUN
taxlaw-2830	228	9	on	on	ADP
taxlaw-2830	228	10	the	the	DET
taxlaw-2830	228	11	income	income	NOUN
taxlaw-2830	228	12	allocated	allocate	VERB
taxlaw-2830	228	13	to	to	ADP
taxlaw-2830	228	14	them	they	PRON
taxlaw-2830	228	15	.	.	PUNCT
taxlaw-2830	229	1	tax	tax	NOUN
taxlaw-2830	229	2	-	-	PUNCT
taxlaw-2830	229	3	exempt	exempt	ADJ
taxlaw-2830	229	4	owners	owner	NOUN
taxlaw-2830	229	5	would	would	AUX
taxlaw-2830	229	6	not	not	PART
taxlaw-2830	229	7	be	be	AUX
taxlaw-2830	229	8	subject	subject	ADJ
taxlaw-2830	229	9	to	to	ADP
taxlaw-2830	229	10	tax	tax	NOUN
taxlaw-2830	229	11	if	if	SCONJ
taxlaw-2830	229	12	the	the	DET
taxlaw-2830	229	13	underlying	underlie	VERB
taxlaw-2830	229	14	income	income	NOUN
taxlaw-2830	229	15	earned	earn	VERB
taxlaw-2830	229	16	by	by	ADP
taxlaw-2830	229	17	the	the	DET
taxlaw-2830	229	18	partnership	partnership	NOUN
taxlaw-2830	229	19	is	be	AUX
taxlaw-2830	229	20	not	not	PART
taxlaw-2830	229	21	debt	debt	NOUN
taxlaw-2830	229	22	-	-	PUNCT
taxlaw-2830	229	23	financed	finance	VERB
taxlaw-2830	229	24	and	and	CCONJ
taxlaw-2830	229	25	constituted	constitute	VERB
taxlaw-2830	229	26	dividend	dividend	NOUN
taxlaw-2830	229	27	income	income	NOUN
taxlaw-2830	229	28	,	,	PUNCT
taxlaw-2830	229	29	interest	interest	NOUN
taxlaw-2830	229	30	income	income	NOUN
taxlaw-2830	229	31	,	,	PUNCT
taxlaw-2830	229	32	capital	capital	NOUN
taxlaw-2830	229	33	gain	gain	NOUN
taxlaw-2830	229	34	income	income	NOUN
taxlaw-2830	229	35	,	,	PUNCT
taxlaw-2830	229	36	or	or	CCONJ
taxlaw-2830	229	37	other	other	ADJ
taxlaw-2830	229	38	types	type	NOUN
taxlaw-2830	229	39	of	of	ADP
taxlaw-2830	229	40	income	income	NOUN
taxlaw-2830	229	41	generally	generally	ADV
taxlaw-2830	229	42	excluded	exclude	VERB
taxlaw-2830	229	43	from	from	ADP
taxlaw-2830	229	44	the	the	DET
taxlaw-2830	229	45	scope	scope	NOUN
taxlaw-2830	229	46	of	of	ADP
taxlaw-2830	229	47	unrelated	unrelated	ADJ
taxlaw-2830	229	48	business	business	NOUN
taxlaw-2830	229	49	taxable	taxable	ADJ
taxlaw-2830	229	50	income	income	NOUN
taxlaw-2830	229	51	.	.	PUNCT
taxlaw-2830	230	1	in	in	ADP
taxlaw-2830	230	2	1993	1993	NUM
taxlaw-2830	230	3	,	,	PUNCT
taxlaw-2830	230	4	congress	congress	PROPN
taxlaw-2830	230	5	repealed	repeal	VERB
taxlaw-2830	230	6	a	a	DET
taxlaw-2830	230	7	rule	rule	NOUN
taxlaw-2830	230	8	under	under	ADP
taxlaw-2830	230	9	which	which	PRON
taxlaw-2830	230	10	income	income	NOUN
taxlaw-2830	230	11	allocated	allocate	VERB
taxlaw-2830	230	12	to	to	ADP
taxlaw-2830	230	13	a	a	DET
taxlaw-2830	230	14	tax	tax	NOUN
taxlaw-2830	230	15	-	-	PUNCT
taxlaw-2830	230	16	exempt	exempt	ADJ
taxlaw-2830	230	17	partner	partner	NOUN
taxlaw-2830	230	18	from	from	ADP
taxlaw-2830	230	19	a	a	DET
taxlaw-2830	230	20	publicly	publicly	ADV
taxlaw-2830	230	21	traded	trade	VERB
taxlaw-2830	230	22	partnership	partnership	NOUN
taxlaw-2830	230	23	was	be	AUX
taxlaw-2830	230	24	always	always	ADV
taxlaw-2830	230	25	unrelated	unrelated	ADJ
taxlaw-2830	230	26	business	business	NOUN
taxlaw-2830	230	27	taxable	taxable	ADJ
taxlaw-2830	230	28	income	income	NOUN
taxlaw-2830	230	29	.	.	PUNCT
taxlaw-2830	231	1	following	follow	VERB
taxlaw-2830	231	2	the	the	DET
taxlaw-2830	231	3	repeal	repeal	NOUN
taxlaw-2830	231	4	,	,	PUNCT
taxlaw-2830	231	5	it	it	PRON
taxlaw-2830	231	6	appears	appear	VERB
taxlaw-2830	231	7	that	that	SCONJ
taxlaw-2830	231	8	publicly	publicly	ADV
taxlaw-2830	231	9	traded	trade	VERB
taxlaw-2830	231	10	partnerships	partnership	NOUN
taxlaw-2830	231	11	that	that	PRON
taxlaw-2830	231	12	are	be	AUX
taxlaw-2830	231	13	treated	treat	VERB
taxlaw-2830	231	14	as	as	ADP
taxlaw-2830	231	15	partnerships	partnership	NOUN
taxlaw-2830	231	16	for	for	ADP
taxlaw-2830	231	17	tax	tax	NOUN
taxlaw-2830	231	18	purposes	purpose	NOUN
taxlaw-2830	231	19	receive	receive	VERB
taxlaw-2830	231	20	the	the	DET
taxlaw-2830	231	21	same	same	ADJ
taxlaw-2830	231	22	treatment	treatment	NOUN
taxlaw-2830	231	23	as	as	ADP
taxlaw-2830	231	24	other	other	ADJ
taxlaw-2830	231	25	partnerships	partnership	NOUN
taxlaw-2830	231	26	.	.	PUNCT
taxlaw-2830	232	1	in	in	ADP
taxlaw-2830	232	2	general	general	ADJ
taxlaw-2830	232	3	,	,	PUNCT
taxlaw-2830	232	4	income	income	NOUN
taxlaw-2830	232	5	allocated	allocate	VERB
taxlaw-2830	232	6	to	to	ADP
taxlaw-2830	232	7	a	a	DET
taxlaw-2830	232	8	tax	tax	NOUN
taxlaw-2830	232	9	-	-	PUNCT
taxlaw-2830	232	10	exempt	exempt	ADJ
taxlaw-2830	232	11	partner	partner	NOUN
taxlaw-2830	232	12	by	by	ADP
taxlaw-2830	232	13	a	a	DET
taxlaw-2830	232	14	partnership	partnership	NOUN
taxlaw-2830	232	15	is	be	AUX
taxlaw-2830	232	16	unrelated	unrelated	ADJ
taxlaw-2830	232	17	business	business	NOUN
taxlaw-2830	232	18	taxable	taxable	ADJ
taxlaw-2830	232	19	income	income	NOUN
taxlaw-2830	232	20	only	only	ADV
taxlaw-2830	232	21	if	if	SCONJ
taxlaw-2830	232	22	the	the	DET
taxlaw-2830	232	23	underlying	underlie	VERB
taxlaw-2830	232	24	income	income	NOUN
taxlaw-2830	232	25	earned	earn	VERB
taxlaw-2830	232	26	by	by	ADP
taxlaw-2830	232	27	the	the	DET
taxlaw-2830	232	28	partnership	partnership	NOUN
taxlaw-2830	232	29	is	be	AUX
taxlaw-2830	232	30	unrelated	unrelated	ADJ
taxlaw-2830	232	31	business	business	NOUN
taxlaw-2830	232	32	taxable	taxable	ADJ
taxlaw-2830	232	33	income	income	NOUN
taxlaw-2830	232	34	.	.	PUNCT
taxlaw-2830	233	1	see	see	VERB
taxlaw-2830	233	2	i.r.c	i.r.c	NOUN
taxlaw-2830	233	3	.	.	PUNCT
taxlaw-2830	234	1	§	§	PROPN
taxlaw-2830	234	2	512(c	512(c	PROPN
taxlaw-2830	234	3	)	)	PUNCT
taxlaw-2830	234	4	.	.	PUNCT
taxlaw-2830	235	1	non	non	ADJ
taxlaw-2830	235	2	-	-	ADJ
taxlaw-2830	235	3	u.s	u.s	PROPN
taxlaw-2830	235	4	.	.	PROPN
taxlaw-2830	235	5	investors	investor	NOUN
taxlaw-2830	235	6	would	would	AUX
taxlaw-2830	235	7	be	be	AUX
taxlaw-2830	235	8	subject	subject	ADJ
taxlaw-2830	235	9	to	to	ADP
taxlaw-2830	235	10	u.s	u.s	PROPN
taxlaw-2830	235	11	.	.	PROPN
taxlaw-2830	235	12	tax	tax	NOUN
taxlaw-2830	235	13	if	if	SCONJ
taxlaw-2830	235	14	the	the	DET
taxlaw-2830	235	15	underlying	underlie	VERB
taxlaw-2830	235	16	income	income	NOUN
taxlaw-2830	235	17	earned	earn	VERB
taxlaw-2830	235	18	by	by	ADP
taxlaw-2830	235	19	the	the	DET
taxlaw-2830	235	20	partnership	partnership	NOUN
taxlaw-2830	235	21	was	be	AUX
taxlaw-2830	235	22	effectively	effectively	ADV
taxlaw-2830	235	23	connected	connect	VERB
taxlaw-2830	235	24	with	with	ADP
taxlaw-2830	235	25	a	a	DET
taxlaw-2830	235	26	u.s	u.s	PROPN
taxlaw-2830	235	27	.	.	PROPN
taxlaw-2830	235	28	trade	trade	NOUN
taxlaw-2830	235	29	or	or	CCONJ
taxlaw-2830	235	30	business	business	NOUN
taxlaw-2830	235	31	or	or	CCONJ
taxlaw-2830	235	32	was	be	AUX
taxlaw-2830	235	33	u.s	u.s	PROPN
taxlaw-2830	235	34	.	.	PROPN
taxlaw-2830	235	35	source	source	NOUN
taxlaw-2830	235	36	income	income	NOUN
taxlaw-2830	235	37	of	of	ADP
taxlaw-2830	235	38	certain	certain	ADJ
taxlaw-2830	235	39	types	type	NOUN
taxlaw-2830	235	40	,	,	PUNCT
taxlaw-2830	235	41	but	but	CCONJ
taxlaw-2830	235	42	,	,	PUNCT
taxlaw-2830	235	43	in	in	ADP
taxlaw-2830	235	44	other	other	ADJ
taxlaw-2830	235	45	cases	case	NOUN
taxlaw-2830	235	46	,	,	PUNCT
taxlaw-2830	235	47	nonu.s	nonu.s	PROPN
taxlaw-2830	235	48	.	.	PUNCT
taxlaw-2830	236	1	investors	investor	NOUN
taxlaw-2830	236	2	would	would	AUX
taxlaw-2830	236	3	generally	generally	ADV
taxlaw-2830	236	4	be	be	AUX
taxlaw-2830	236	5	exempt	exempt	ADJ
taxlaw-2830	236	6	from	from	ADP
taxlaw-2830	236	7	u.s	u.s	PROPN
taxlaw-2830	236	8	.	.	PROPN
taxlaw-2830	236	9	tax	tax	NOUN
taxlaw-2830	236	10	.	.	PUNCT
taxlaw-2830	237	1	35	35	NUM
taxlaw-2830	237	2	see	see	VERB
taxlaw-2830	237	3	i.r.c	i.r.c	NOUN
taxlaw-2830	237	4	.	.	PUNCT
taxlaw-2830	238	1	§	§	PROPN
taxlaw-2830	238	2	857(b	857(b	PROPN
taxlaw-2830	238	3	)	)	PUNCT
taxlaw-2830	238	4	.	.	PUNCT
taxlaw-2830	239	1	36	36	NUM
taxlaw-2830	239	2	u.s	u.s	PROPN
taxlaw-2830	239	3	.	.	PROPN
taxlaw-2830	239	4	owners	owner	NOUN
taxlaw-2830	239	5	of	of	ADP
taxlaw-2830	239	6	the	the	DET
taxlaw-2830	239	7	reit	reit	NOUN
taxlaw-2830	239	8	that	that	PRON
taxlaw-2830	239	9	are	be	AUX
taxlaw-2830	239	10	not	not	PART
taxlaw-2830	239	11	tax	tax	NOUN
taxlaw-2830	239	12	-	-	PUNCT
taxlaw-2830	239	13	exempt	exempt	ADJ
taxlaw-2830	239	14	will	will	AUX
taxlaw-2830	239	15	generally	generally	ADV
taxlaw-2830	239	16	be	be	AUX
taxlaw-2830	239	17	subject	subject	ADJ
taxlaw-2830	239	18	to	to	ADP
taxlaw-2830	239	19	tax	tax	NOUN
taxlaw-2830	239	20	on	on	ADP
taxlaw-2830	239	21	the	the	DET
taxlaw-2830	239	22	dividend	dividend	NOUN
taxlaw-2830	239	23	income	income	NOUN
taxlaw-2830	239	24	.	.	PUNCT
taxlaw-2830	240	1	tax	tax	NOUN
taxlaw-2830	240	2	-	-	PUNCT
taxlaw-2830	240	3	exempt	exempt	ADJ
taxlaw-2830	240	4	owners	owner	NOUN
taxlaw-2830	240	5	of	of	ADP
taxlaw-2830	240	6	the	the	DET
taxlaw-2830	240	7	reit	reit	NOUN
taxlaw-2830	240	8	,	,	PUNCT
taxlaw-2830	240	9	however	however	ADV
taxlaw-2830	240	10	,	,	PUNCT
taxlaw-2830	240	11	will	will	AUX
taxlaw-2830	240	12	generally	generally	ADV
taxlaw-2830	240	13	be	be	AUX
taxlaw-2830	240	14	exempt	exempt	ADJ
taxlaw-2830	240	15	from	from	ADP
taxlaw-2830	240	16	tax	tax	NOUN
taxlaw-2830	240	17	on	on	ADP
taxlaw-2830	240	18	the	the	DET
taxlaw-2830	240	19	resulting	result	VERB
taxlaw-2830	240	20	dividend	dividend	NOUN
taxlaw-2830	240	21	income	income	NOUN
taxlaw-2830	240	22	as	as	ADV
taxlaw-2830	240	23	long	long	ADV
taxlaw-2830	240	24	as	as	SCONJ
taxlaw-2830	240	25	their	their	PRON
taxlaw-2830	240	26	ownerships	ownership	NOUN
taxlaw-2830	240	27	interests	interest	NOUN
taxlaw-2830	240	28	in	in	ADP
taxlaw-2830	240	29	the	the	DET
taxlaw-2830	240	30	reit	reit	NOUN
taxlaw-2830	240	31	are	be	AUX
taxlaw-2830	240	32	not	not	PART
taxlaw-2830	240	33	debt	debt	NOUN
taxlaw-2830	240	34	-	-	PUNCT
taxlaw-2830	240	35	financed	finance	VERB
taxlaw-2830	240	36	.	.	PUNCT
taxlaw-2830	241	1	see	see	VERB
taxlaw-2830	241	2	rev	rev	PROPN
taxlaw-2830	241	3	.	.	PROPN
taxlaw-2830	241	4	rul	rul	PROPN
taxlaw-2830	241	5	.	.	PUNCT
taxlaw-2830	242	1	66	66	NUM
taxlaw-2830	242	2	-	-	SYM
taxlaw-2830	242	3	106	106	NUM
taxlaw-2830	242	4	,	,	PUNCT
taxlaw-2830	242	5	1966	1966	NUM
taxlaw-2830	242	6	-	-	SYM
taxlaw-2830	242	7	1	1	NUM
taxlaw-2830	242	8	c.b	c.b	PROPN
taxlaw-2830	242	9	.	.	PROPN
taxlaw-2830	242	10	151	151	NUM
taxlaw-2830	242	11	.	.	PUNCT
taxlaw-2830	243	1	notwithstanding	notwithstanding	ADP
taxlaw-2830	243	2	the	the	DET
taxlaw-2830	243	3	fact	fact	NOUN
taxlaw-2830	243	4	that	that	SCONJ
taxlaw-2830	243	5	tax	tax	NOUN
taxlaw-2830	243	6	-	-	PUNCT
taxlaw-2830	243	7	exempt	exempt	ADJ
taxlaw-2830	243	8	owners	owner	NOUN
taxlaw-2830	243	9	would	would	AUX
taxlaw-2830	243	10	generally	generally	ADV
taxlaw-2830	243	11	be	be	AUX
taxlaw-2830	243	12	exempt	exempt	ADJ
taxlaw-2830	243	13	from	from	ADP
taxlaw-2830	243	14	tax	tax	NOUN
taxlaw-2830	243	15	,	,	PUNCT
taxlaw-2830	243	16	a	a	DET
taxlaw-2830	243	17	pension	pension	NOUN
taxlaw-2830	243	18	plan	plan	NOUN
taxlaw-2830	243	19	that	that	PRON
taxlaw-2830	243	20	owned	own	VERB
taxlaw-2830	243	21	a	a	DET
taxlaw-2830	243	22	large	large	ADJ
taxlaw-2830	243	23	stake	stake	NOUN
taxlaw-2830	243	24	in	in	ADP
taxlaw-2830	243	25	a	a	DET
taxlaw-2830	243	26	reit	reit	NOUN
taxlaw-2830	243	27	whose	whose	DET
taxlaw-2830	243	28	stock	stock	NOUN
taxlaw-2830	243	29	was	be	AUX
taxlaw-2830	243	30	overly	overly	ADV
taxlaw-2830	243	31	concentrated	concentrate	VERB
taxlaw-2830	243	32	in	in	ADP
taxlaw-2830	243	33	the	the	DET
taxlaw-2830	243	34	hands	hand	NOUN
taxlaw-2830	243	35	of	of	ADP
taxlaw-2830	243	36	pension	pension	NOUN
taxlaw-2830	243	37	plans	plan	NOUN
taxlaw-2830	243	38	would	would	AUX
taxlaw-2830	243	39	be	be	AUX
taxlaw-2830	243	40	subject	subject	ADJ
taxlaw-2830	243	41	to	to	ADP
taxlaw-2830	243	42	tax	tax	NOUN
taxlaw-2830	243	43	on	on	ADP
taxlaw-2830	243	44	distributions	distribution	NOUN
taxlaw-2830	243	45	to	to	ADP
taxlaw-2830	243	46	the	the	DET
taxlaw-2830	243	47	extent	extent	NOUN
taxlaw-2830	243	48	that	that	SCONJ
taxlaw-2830	243	49	the	the	DET
taxlaw-2830	243	50	reit‘s	reit‘s	NOUN
taxlaw-2830	243	51	underlying	underlie	VERB
taxlaw-2830	243	52	income	income	NOUN
taxlaw-2830	243	53	would	would	AUX
taxlaw-2830	243	54	be	be	AUX
taxlaw-2830	243	55	unrelated	unrelated	ADJ
taxlaw-2830	243	56	business	business	NOUN
taxlaw-2830	243	57	taxable	taxable	ADJ
taxlaw-2830	243	58	income	income	NOUN
taxlaw-2830	243	59	if	if	SCONJ
taxlaw-2830	243	60	earned	earn	VERB
taxlaw-2830	243	61	directly	directly	ADV
taxlaw-2830	243	62	by	by	ADP
taxlaw-2830	243	63	the	the	DET
taxlaw-2830	243	64	pension	pension	NOUN
taxlaw-2830	243	65	plan	plan	NOUN
taxlaw-2830	243	66	.	.	PUNCT
taxlaw-2830	244	1	see	see	VERB
taxlaw-2830	244	2	i.r.c	i.r.c	NOUN
taxlaw-2830	244	3	.	.	PUNCT
taxlaw-2830	245	1	§	§	PROPN
taxlaw-2830	245	2	856(h	856(h	PROPN
taxlaw-2830	245	3	)	)	PUNCT
taxlaw-2830	245	4	.	.	PUNCT
taxlaw-2830	246	1	a	a	DET
taxlaw-2830	246	2	public	public	ADJ
taxlaw-2830	246	3	reit	reit	NOUN
taxlaw-2830	246	4	is	be	AUX
taxlaw-2830	246	5	not	not	PART
taxlaw-2830	246	6	likely	likely	ADJ
taxlaw-2830	246	7	to	to	PART
taxlaw-2830	246	8	be	be	AUX
taxlaw-2830	246	9	pension	pension	NOUN
taxlaw-2830	246	10	-	-	PUNCT
taxlaw-2830	246	11	held	hold	VERB
taxlaw-2830	246	12	.	.	PUNCT
taxlaw-2830	247	1	non	non	ADJ
taxlaw-2830	247	2	-	-	ADJ
taxlaw-2830	247	3	u.s	u.s	PROPN
taxlaw-2830	247	4	.	.	PROPN
taxlaw-2830	247	5	owners	owner	NOUN
taxlaw-2830	247	6	will	will	AUX
taxlaw-2830	247	7	not	not	PART
taxlaw-2830	247	8	be	be	AUX
taxlaw-2830	247	9	subject	subject	ADJ
taxlaw-2830	247	10	to	to	ADP
taxlaw-2830	247	11	u.s	u.s	PROPN
taxlaw-2830	247	12	.	.	PROPN
taxlaw-2830	247	13	tax	tax	NOUN
taxlaw-2830	247	14	on	on	ADP
taxlaw-2830	247	15	gain	gain	NOUN
taxlaw-2830	247	16	recognized	recognize	VERB
taxlaw-2830	247	17	from	from	ADP
taxlaw-2830	247	18	selling	sell	VERB
taxlaw-2830	247	19	interests	interest	NOUN
taxlaw-2830	247	20	in	in	ADP
taxlaw-2830	247	21	a	a	DET
taxlaw-2830	247	22	reit	reit	NOUN
taxlaw-2830	247	23	as	as	ADV
taxlaw-2830	247	24	long	long	ADV
taxlaw-2830	247	25	as	as	ADP
taxlaw-2830	247	26	either	either	ADV
taxlaw-2830	247	27	:	:	PUNCT
taxlaw-2830	247	28	(	(	PUNCT
taxlaw-2830	247	29	1	1	X
taxlaw-2830	247	30	)	)	PUNCT
taxlaw-2830	247	31	ownership	ownership	NOUN
taxlaw-2830	247	32	of	of	ADP
taxlaw-2830	247	33	the	the	DET
taxlaw-2830	247	34	reit	reit	NOUN
taxlaw-2830	247	35	is	be	AUX
taxlaw-2830	247	36	sufficiently	sufficiently	ADV
taxlaw-2830	247	37	concentrated	concentrate	VERB
taxlaw-2830	247	38	in	in	ADP
taxlaw-2830	247	39	the	the	DET
taxlaw-2830	247	40	hands	hand	NOUN
taxlaw-2830	247	41	of	of	ADP
taxlaw-2830	247	42	u.s	u.s	PROPN
taxlaw-2830	247	43	.	.	PROPN
taxlaw-2830	247	44	persons	person	NOUN
taxlaw-2830	247	45	to	to	PART
taxlaw-2830	247	46	make	make	VERB
taxlaw-2830	247	47	the	the	DET
taxlaw-2830	247	48	reit	reit	NOUN
taxlaw-2830	247	49	domestically	domestically	ADV
taxlaw-2830	247	50	controlled	control	VERB
taxlaw-2830	247	51	or	or	CCONJ
taxlaw-2830	248	1	(	(	PUNCT
taxlaw-2830	248	2	2	2	X
taxlaw-2830	248	3	)	)	PUNCT
taxlaw-2830	248	4	the	the	DET
taxlaw-2830	248	5	reit	reit	NOUN
taxlaw-2830	248	6	is	be	AUX
taxlaw-2830	248	7	publicly	publicly	ADV
taxlaw-2830	248	8	traded	trade	VERB
taxlaw-2830	248	9	and	and	CCONJ
taxlaw-2830	248	10	the	the	DET
taxlaw-2830	248	11	non	non	ADJ
taxlaw-2830	248	12	-	-	ADJ
taxlaw-2830	248	13	u.s	u.s	PROPN
taxlaw-2830	248	14	.	.	PROPN
taxlaw-2830	248	15	owner	owner	NOUN
taxlaw-2830	248	16	owns	own	VERB
taxlaw-2830	248	17	5	5	NUM
taxlaw-2830	248	18	percent	percent	NOUN
taxlaw-2830	248	19	or	or	CCONJ
taxlaw-2830	248	20	less	less	ADJ
taxlaw-2830	248	21	of	of	ADP
taxlaw-2830	248	22	the	the	DET
taxlaw-2830	248	23	reit	reit	NOUN
taxlaw-2830	248	24	.	.	PUNCT
taxlaw-2830	249	1	see	see	VERB
taxlaw-2830	249	2	i.r.c	i.r.c	NOUN
taxlaw-2830	249	3	.	.	PUNCT
taxlaw-2830	250	1	§	§	PROPN
taxlaw-2830	250	2	897(h)(2	897(h)(2	NUM
taxlaw-2830	250	3	)	)	PUNCT
taxlaw-2830	250	4	,	,	PUNCT
taxlaw-2830	250	5	(	(	PUNCT
taxlaw-2830	250	6	c)(3	c)(3	NOUN
taxlaw-2830	250	7	)	)	PUNCT
taxlaw-2830	250	8	.	.	PUNCT
taxlaw-2830	251	1	u.s	u.s	PROPN
taxlaw-2830	251	2	.	.	PROPN
taxlaw-2830	251	3	withholding	withholding	NOUN
taxlaw-2830	251	4	tax	tax	NOUN
taxlaw-2830	251	5	could	could	AUX
taxlaw-2830	251	6	apply	apply	VERB
taxlaw-2830	251	7	to	to	ADP
taxlaw-2830	251	8	dividend	dividend	NOUN
taxlaw-2830	251	9	distributions	distribution	NOUN
taxlaw-2830	251	10	by	by	ADP
taxlaw-2830	251	11	the	the	DET
taxlaw-2830	251	12	reit	reit	PROPN
taxlaw-2830	251	13	to	to	ADP
taxlaw-2830	251	14	non	non	ADJ
taxlaw-2830	251	15	-	-	ADJ
taxlaw-2830	251	16	u.s	u.s	PROPN
taxlaw-2830	251	17	.	.	PROPN
taxlaw-2830	251	18	owners	owner	NOUN
taxlaw-2830	251	19	,	,	PUNCT
taxlaw-2830	251	20	but	but	CCONJ
taxlaw-2830	251	21	the	the	DET
taxlaw-2830	251	22	rate	rate	NOUN
taxlaw-2830	251	23	of	of	ADP
taxlaw-2830	251	24	tax	tax	NOUN
taxlaw-2830	251	25	may	may	AUX
taxlaw-2830	251	26	be	be	AUX
taxlaw-2830	251	27	reduced	reduce	VERB
taxlaw-2830	251	28	by	by	ADP
taxlaw-2830	251	29	treaty	treaty	NOUN
taxlaw-2830	251	30	.	.	PUNCT
taxlaw-2830	252	1	2015	2015	NUM
taxlaw-2830	252	2	]	]	PUNCT
taxlaw-2830	252	3	taxing	tax	VERB
taxlaw-2830	252	4	publicly	publicly	ADV
taxlaw-2830	252	5	traded	trade	VERB
taxlaw-2830	252	6	entities	entity	NOUN
taxlaw-2830	252	7	155	155	NUM
taxlaw-2830	252	8	in	in	ADP
taxlaw-2830	252	9	order	order	NOUN
taxlaw-2830	252	10	to	to	PART
taxlaw-2830	252	11	obtain	obtain	VERB
taxlaw-2830	252	12	reit	reit	PROPN
taxlaw-2830	252	13	status	status	NOUN
taxlaw-2830	252	14	,	,	PUNCT
taxlaw-2830	252	15	an	an	DET
taxlaw-2830	252	16	entity	entity	NOUN
taxlaw-2830	252	17	must	must	AUX
taxlaw-2830	252	18	pass	pass	VERB
taxlaw-2830	252	19	two	two	NUM
taxlaw-2830	252	20	income	income	NOUN
taxlaw-2830	252	21	tests	test	NOUN
taxlaw-2830	252	22	and	and	CCONJ
taxlaw-2830	252	23	an	an	DET
taxlaw-2830	252	24	asset	asset	NOUN
taxlaw-2830	252	25	test	test	NOUN
taxlaw-2830	252	26	,	,	PUNCT
taxlaw-2830	252	27	in	in	ADP
taxlaw-2830	252	28	addition	addition	NOUN
taxlaw-2830	252	29	to	to	ADP
taxlaw-2830	252	30	complying	comply	VERB
taxlaw-2830	252	31	with	with	ADP
taxlaw-2830	252	32	other	other	ADJ
taxlaw-2830	252	33	requirements	requirement	NOUN
taxlaw-2830	252	34	.	.	PUNCT
taxlaw-2830	253	1	37	37	NUM
taxlaw-2830	253	2	the	the	DET
taxlaw-2830	253	3	first	first	ADJ
taxlaw-2830	253	4	income	income	NOUN
taxlaw-2830	253	5	test	test	NOUN
taxlaw-2830	253	6	requires	require	VERB
taxlaw-2830	253	7	that	that	SCONJ
taxlaw-2830	253	8	at	at	ADV
taxlaw-2830	253	9	least	least	ADV
taxlaw-2830	253	10	75	75	NUM
taxlaw-2830	253	11	percent	percent	NOUN
taxlaw-2830	253	12	of	of	ADP
taxlaw-2830	253	13	the	the	DET
taxlaw-2830	253	14	entity‘s	entity‘s	PROPN
taxlaw-2830	253	15	gross	gross	ADJ
taxlaw-2830	253	16	income	income	NOUN
taxlaw-2830	253	17	must	must	AUX
taxlaw-2830	253	18	consist	consist	VERB
taxlaw-2830	253	19	of	of	ADP
taxlaw-2830	253	20	rent	rent	NOUN
taxlaw-2830	253	21	from	from	ADP
taxlaw-2830	253	22	real	real	ADJ
taxlaw-2830	253	23	property	property	NOUN
taxlaw-2830	253	24	,	,	PUNCT
taxlaw-2830	253	25	interest	interest	NOUN
taxlaw-2830	253	26	on	on	ADP
taxlaw-2830	253	27	obligations	obligation	NOUN
taxlaw-2830	253	28	secured	secure	VERB
taxlaw-2830	253	29	by	by	ADP
taxlaw-2830	253	30	mortgages	mortgage	NOUN
taxlaw-2830	253	31	on	on	ADP
taxlaw-2830	253	32	real	real	ADJ
taxlaw-2830	253	33	property	property	NOUN
taxlaw-2830	253	34	or	or	CCONJ
taxlaw-2830	253	35	on	on	ADP
taxlaw-2830	253	36	interests	interest	NOUN
taxlaw-2830	253	37	in	in	ADP
taxlaw-2830	253	38	real	real	ADJ
taxlaw-2830	253	39	property	property	NOUN
taxlaw-2830	253	40	,	,	PUNCT
taxlaw-2830	253	41	and	and	CCONJ
taxlaw-2830	253	42	other	other	ADJ
taxlaw-2830	253	43	enumerated	enumerate	VERB
taxlaw-2830	253	44	types	type	NOUN
taxlaw-2830	253	45	of	of	ADP
taxlaw-2830	253	46	income	income	NOUN
taxlaw-2830	253	47	related	relate	VERB
taxlaw-2830	253	48	to	to	ADP
taxlaw-2830	253	49	real	real	ADJ
taxlaw-2830	253	50	estate	estate	NOUN
taxlaw-2830	253	51	.	.	PUNCT
taxlaw-2830	254	1	38	38	NUM
taxlaw-2830	254	2	the	the	DET
taxlaw-2830	254	3	second	second	ADJ
taxlaw-2830	254	4	income	income	NOUN
taxlaw-2830	254	5	test	test	NOUN
taxlaw-2830	254	6	requires	require	VERB
taxlaw-2830	254	7	that	that	SCONJ
taxlaw-2830	254	8	the	the	DET
taxlaw-2830	254	9	entity	entity	NOUN
taxlaw-2830	254	10	derive	derive	VERB
taxlaw-2830	254	11	at	at	ADV
taxlaw-2830	254	12	least	least	ADV
taxlaw-2830	254	13	95	95	NUM
taxlaw-2830	254	14	percent	percent	NOUN
taxlaw-2830	254	15	of	of	ADP
taxlaw-2830	254	16	its	its	PRON
taxlaw-2830	254	17	gross	gross	ADJ
taxlaw-2830	254	18	income	income	NOUN
taxlaw-2830	254	19	from	from	ADP
taxlaw-2830	254	20	dividends	dividend	NOUN
taxlaw-2830	254	21	,	,	PUNCT
taxlaw-2830	254	22	interest	interest	NOUN
taxlaw-2830	254	23	,	,	PUNCT
taxlaw-2830	254	24	rents	rent	NOUN
taxlaw-2830	254	25	from	from	ADP
taxlaw-2830	254	26	real	real	ADJ
taxlaw-2830	254	27	property	property	NOUN
taxlaw-2830	254	28	,	,	PUNCT
taxlaw-2830	254	29	and	and	CCONJ
taxlaw-2830	254	30	other	other	ADJ
taxlaw-2830	254	31	specified	specify	VERB
taxlaw-2830	254	32	types	type	NOUN
taxlaw-2830	254	33	of	of	ADP
taxlaw-2830	254	34	investment	investment	NOUN
taxlaw-2830	254	35	income	income	NOUN
taxlaw-2830	254	36	.	.	PUNCT
taxlaw-2830	255	1	39	39	NUM
taxlaw-2830	256	1	an	an	DET
taxlaw-2830	256	2	entity	entity	NOUN
taxlaw-2830	256	3	passes	pass	VERB
taxlaw-2830	256	4	the	the	DET
taxlaw-2830	256	5	asset	asset	NOUN
taxlaw-2830	256	6	test	test	NOUN
taxlaw-2830	256	7	if	if	SCONJ
taxlaw-2830	256	8	at	at	ADV
taxlaw-2830	256	9	least	least	ADV
taxlaw-2830	256	10	75	75	NUM
taxlaw-2830	256	11	percent	percent	NOUN
taxlaw-2830	256	12	of	of	ADP
taxlaw-2830	256	13	the	the	DET
taxlaw-2830	256	14	value	value	NOUN
taxlaw-2830	256	15	of	of	ADP
taxlaw-2830	256	16	its	its	PRON
taxlaw-2830	256	17	assets	asset	NOUN
taxlaw-2830	256	18	is	be	AUX
taxlaw-2830	256	19	represented	represent	VERB
taxlaw-2830	256	20	by	by	ADP
taxlaw-2830	256	21	real	real	ADJ
taxlaw-2830	256	22	estate	estate	NOUN
taxlaw-2830	256	23	assets	asset	NOUN
taxlaw-2830	256	24	,	,	PUNCT
taxlaw-2830	256	25	cash	cash	NOUN
taxlaw-2830	256	26	and	and	CCONJ
taxlaw-2830	256	27	cash	cash	NOUN
taxlaw-2830	256	28	items	item	NOUN
taxlaw-2830	256	29	(	(	PUNCT
taxlaw-2830	256	30	including	include	VERB
taxlaw-2830	256	31	receivables	receivable	NOUN
taxlaw-2830	256	32	)	)	PUNCT
taxlaw-2830	256	33	,	,	PUNCT
taxlaw-2830	256	34	and	and	CCONJ
taxlaw-2830	256	35	government	government	NOUN
taxlaw-2830	256	36	securities	security	NOUN
taxlaw-2830	256	37	.	.	PUNCT
taxlaw-2830	257	1	40	40	NUM
taxlaw-2830	257	2	c.	c.	PROPN
taxlaw-2830	257	3	recent	recent	ADJ
taxlaw-2830	257	4	expansion	expansion	NOUN
taxlaw-2830	257	5	of	of	ADP
taxlaw-2830	257	6	exempt	exempt	ADJ
taxlaw-2830	257	7	publicly	publicly	ADV
taxlaw-2830	257	8	traded	trade	VERB
taxlaw-2830	257	9	partnerships	partnership	NOUN
taxlaw-2830	257	10	and	and	CCONJ
taxlaw-2830	257	11	real	real	ADJ
taxlaw-2830	257	12	estate	estate	NOUN
taxlaw-2830	257	13	investment	investment	NOUN
taxlaw-2830	257	14	trusts	trust	NOUN
taxlaw-2830	257	15	as	as	SCONJ
taxlaw-2830	257	16	described	describe	VERB
taxlaw-2830	257	17	above	above	ADV
taxlaw-2830	257	18	,	,	PUNCT
taxlaw-2830	257	19	while	while	SCONJ
taxlaw-2830	257	20	most	most	ADJ
taxlaw-2830	257	21	publicly	publicly	ADV
taxlaw-2830	257	22	traded	trade	VERB
taxlaw-2830	257	23	entities	entity	NOUN
taxlaw-2830	257	24	are	be	AUX
taxlaw-2830	257	25	subjected	subject	VERB
taxlaw-2830	257	26	to	to	ADP
taxlaw-2830	257	27	corporate	corporate	ADJ
taxlaw-2830	257	28	tax	tax	NOUN
taxlaw-2830	257	29	treatment	treatment	NOUN
taxlaw-2830	257	30	,	,	PUNCT
taxlaw-2830	257	31	publicly	publicly	ADV
taxlaw-2830	257	32	traded	trade	VERB
taxlaw-2830	257	33	entities	entity	NOUN
taxlaw-2830	257	34	that	that	PRON
taxlaw-2830	257	35	earn	earn	VERB
taxlaw-2830	257	36	predominately	predominately	ADV
taxlaw-2830	257	37	specified	specify	VERB
taxlaw-2830	257	38	types	type	NOUN
taxlaw-2830	257	39	of	of	ADP
taxlaw-2830	257	40	qualifying	qualify	VERB
taxlaw-2830	257	41	income	income	NOUN
taxlaw-2830	257	42	benefit	benefit	NOUN
taxlaw-2830	257	43	from	from	ADP
taxlaw-2830	257	44	potentially	potentially	ADV
taxlaw-2830	257	45	more	more	ADV
taxlaw-2830	257	46	favorable	favorable	ADJ
taxlaw-2830	257	47	tax	tax	NOUN
taxlaw-2830	257	48	treatment	treatment	NOUN
taxlaw-2830	257	49	.	.	PUNCT
taxlaw-2830	258	1	in	in	ADP
taxlaw-2830	258	2	particular	particular	ADJ
taxlaw-2830	258	3	,	,	PUNCT
taxlaw-2830	258	4	special	special	ADJ
taxlaw-2830	258	5	treatment	treatment	NOUN
taxlaw-2830	258	6	is	be	AUX
taxlaw-2830	258	7	bestowed	bestow	VERB
taxlaw-2830	258	8	upon	upon	SCONJ
taxlaw-2830	258	9	exempt	exempt	ADJ
taxlaw-2830	258	10	publicly	publicly	ADV
taxlaw-2830	258	11	traded	trade	VERB
taxlaw-2830	258	12	partnerships	partnership	NOUN
taxlaw-2830	258	13	and	and	CCONJ
taxlaw-2830	258	14	reits	reit	NOUN
taxlaw-2830	258	15	.	.	PUNCT
taxlaw-2830	259	1	41	41	NUM
taxlaw-2830	260	1	although	although	SCONJ
taxlaw-2830	260	2	publicly	publicly	ADV
taxlaw-2830	260	3	traded	trade	VERB
taxlaw-2830	260	4	entities	entity	NOUN
taxlaw-2830	260	5	that	that	PRON
taxlaw-2830	260	6	predominately	predominately	ADV
taxlaw-2830	260	7	earn	earn	VERB
taxlaw-2830	260	8	qualifying	qualifying	NOUN
taxlaw-2830	260	9	income	income	NOUN
taxlaw-2830	260	10	have	have	AUX
taxlaw-2830	260	11	long	long	ADV
taxlaw-2830	260	12	availed	avail	VERB
taxlaw-2830	260	13	themselves	themselves	PRON
taxlaw-2830	260	14	of	of	ADP
taxlaw-2830	260	15	the	the	DET
taxlaw-2830	260	16	ability	ability	NOUN
taxlaw-2830	260	17	to	to	PART
taxlaw-2830	260	18	achieve	achieve	VERB
taxlaw-2830	260	19	exempt	exempt	ADJ
taxlaw-2830	260	20	publicly	publicly	ADV
taxlaw-2830	260	21	traded	trade	VERB
taxlaw-2830	260	22	partnership	partnership	NOUN
taxlaw-2830	260	23	status	status	NOUN
taxlaw-2830	260	24	,	,	PUNCT
taxlaw-2830	260	25	entities	entity	NOUN
taxlaw-2830	260	26	that	that	PRON
taxlaw-2830	260	27	earn	earn	VERB
taxlaw-2830	260	28	substantial	substantial	ADJ
taxlaw-2830	260	29	amounts	amount	NOUN
taxlaw-2830	260	30	of	of	ADP
taxlaw-2830	260	31	non	non	ADJ
taxlaw-2830	260	32	-	-	ADJ
taxlaw-2830	260	33	qualifying	qualifying	ADJ
taxlaw-2830	260	34	income	income	NOUN
taxlaw-2830	260	35	increasingly	increasingly	ADV
taxlaw-2830	260	36	utilize	utilize	VERB
taxlaw-2830	260	37	sophisticated	sophisticated	ADJ
taxlaw-2830	260	38	tax	tax	NOUN
taxlaw-2830	260	39	structuring	structuring	NOUN
taxlaw-2830	260	40	techniques	technique	NOUN
taxlaw-2830	260	41	to	to	PART
taxlaw-2830	260	42	achieve	achieve	VERB
taxlaw-2830	260	43	the	the	DET
taxlaw-2830	260	44	same	same	ADJ
taxlaw-2830	260	45	status	status	NOUN
taxlaw-2830	260	46	.	.	PUNCT
taxlaw-2830	261	1	likewise	likewise	ADV
taxlaw-2830	261	2	,	,	PUNCT
taxlaw-2830	261	3	entities	entity	NOUN
taxlaw-2830	261	4	that	that	PRON
taxlaw-2830	261	5	earn	earn	VERB
taxlaw-2830	261	6	more	more	ADJ
taxlaw-2830	261	7	than	than	ADP
taxlaw-2830	261	8	traditional	traditional	ADJ
taxlaw-2830	261	9	real	real	ADJ
taxlaw-2830	261	10	estate	estate	NOUN
taxlaw-2830	261	11	related	relate	VERB
taxlaw-2830	261	12	income	income	NOUN
taxlaw-2830	261	13	are	be	AUX
taxlaw-2830	261	14	increasingly	increasingly	ADV
taxlaw-2830	261	15	achieving	achieve	VERB
taxlaw-2830	261	16	reit	reit	NOUN
taxlaw-2830	261	17	classification	classification	NOUN
taxlaw-2830	261	18	through	through	ADP
taxlaw-2830	261	19	use	use	NOUN
taxlaw-2830	261	20	of	of	ADP
taxlaw-2830	261	21	similar	similar	ADJ
taxlaw-2830	261	22	techniques	technique	NOUN
taxlaw-2830	261	23	.	.	PUNCT
taxlaw-2830	262	1	figure	figure	NOUN
taxlaw-2830	262	2	1	1	NUM
taxlaw-2830	262	3	below	below	ADV
taxlaw-2830	262	4	illustrates	illustrate	VERB
taxlaw-2830	262	5	the	the	DET
taxlaw-2830	262	6	structure	structure	NOUN
taxlaw-2830	262	7	increasingly	increasingly	ADV
taxlaw-2830	262	8	used	use	VERB
taxlaw-2830	262	9	by	by	ADP
taxlaw-2830	262	10	publicly	publicly	ADV
taxlaw-2830	262	11	traded	trade	VERB
taxlaw-2830	262	12	entities	entity	NOUN
taxlaw-2830	262	13	to	to	PART
taxlaw-2830	262	14	maintain	maintain	VERB
taxlaw-2830	262	15	exempt	exempt	ADJ
taxlaw-2830	262	16	publicly	publicly	ADV
taxlaw-2830	262	17	traded	trade	VERB
taxlaw-2830	262	18	partnership	partnership	NOUN
taxlaw-2830	262	19	status	status	NOUN
taxlaw-2830	262	20	despite	despite	SCONJ
taxlaw-2830	262	21	earning	earn	VERB
taxlaw-2830	262	22	significant	significant	ADJ
taxlaw-2830	262	23	amounts	amount	NOUN
taxlaw-2830	262	24	of	of	ADP
taxlaw-2830	262	25	non	non	ADJ
taxlaw-2830	262	26	-	-	ADJ
taxlaw-2830	262	27	qualifying	qualifying	ADJ
taxlaw-2830	262	28	income	income	NOUN
taxlaw-2830	262	29	.	.	PUNCT
taxlaw-2830	263	1	42	42	NUM
taxlaw-2830	263	2	37	37	NUM
taxlaw-2830	263	3	for	for	ADP
taxlaw-2830	263	4	other	other	ADJ
taxlaw-2830	263	5	requirements	requirement	NOUN
taxlaw-2830	263	6	,	,	PUNCT
taxlaw-2830	263	7	see	see	VERB
taxlaw-2830	263	8	i.r.c	i.r.c	NOUN
taxlaw-2830	263	9	.	.	PUNCT
taxlaw-2830	264	1	§	§	PROPN
taxlaw-2830	264	2	§	§	PROPN
taxlaw-2830	264	3	856	856	NUM
taxlaw-2830	264	4	-	-	SYM
taxlaw-2830	264	5	57	57	NUM
taxlaw-2830	264	6	.	.	PUNCT
taxlaw-2830	265	1	38	38	NUM
taxlaw-2830	265	2	i.r.c	i.r.c	NOUN
taxlaw-2830	265	3	.	.	PUNCT
taxlaw-2830	266	1	§	§	PROPN
taxlaw-2830	266	2	856(c)(3	856(c)(3	NUM
taxlaw-2830	266	3	)	)	PUNCT
taxlaw-2830	266	4	.	.	PUNCT
taxlaw-2830	267	1	39	39	NUM
taxlaw-2830	267	2	i.r.c	i.r.c	NOUN
taxlaw-2830	267	3	.	.	PUNCT
taxlaw-2830	268	1	§	§	PROPN
taxlaw-2830	268	2	856(c)(2	856(c)(2	NUM
taxlaw-2830	268	3	)	)	PUNCT
taxlaw-2830	268	4	.	.	PUNCT
taxlaw-2830	269	1	40	40	NUM
taxlaw-2830	269	2	i.r.c	i.r.c	NOUN
taxlaw-2830	269	3	.	.	PUNCT
taxlaw-2830	270	1	§	§	PROPN
taxlaw-2830	270	2	856(c)(4)(a	856(c)(4)(a	PROPN
taxlaw-2830	270	3	)	)	PUNCT
taxlaw-2830	270	4	.	.	PUNCT
taxlaw-2830	271	1	41	41	NUM
taxlaw-2830	271	2	special	special	ADJ
taxlaw-2830	271	3	treatment	treatment	NOUN
taxlaw-2830	271	4	is	be	AUX
taxlaw-2830	271	5	also	also	ADV
taxlaw-2830	271	6	bestowed	bestow	VERB
taxlaw-2830	271	7	upon	upon	SCONJ
taxlaw-2830	271	8	other	other	ADJ
taxlaw-2830	271	9	specialized	specialized	ADJ
taxlaw-2830	271	10	types	type	NOUN
taxlaw-2830	271	11	of	of	ADP
taxlaw-2830	271	12	entities	entity	NOUN
taxlaw-2830	271	13	.	.	PUNCT
taxlaw-2830	272	1	for	for	ADP
taxlaw-2830	272	2	instance	instance	NOUN
taxlaw-2830	272	3	,	,	PUNCT
taxlaw-2830	272	4	entities	entity	NOUN
taxlaw-2830	272	5	that	that	PRON
taxlaw-2830	272	6	meet	meet	VERB
taxlaw-2830	272	7	certain	certain	ADJ
taxlaw-2830	272	8	requirements	requirement	NOUN
taxlaw-2830	272	9	can	can	AUX
taxlaw-2830	272	10	elect	elect	VERB
taxlaw-2830	272	11	to	to	PART
taxlaw-2830	272	12	be	be	AUX
taxlaw-2830	272	13	treated	treat	VERB
taxlaw-2830	272	14	as	as	ADP
taxlaw-2830	272	15	regulated	regulate	VERB
taxlaw-2830	272	16	investment	investment	NOUN
taxlaw-2830	272	17	companies	company	NOUN
taxlaw-2830	272	18	(	(	PUNCT
taxlaw-2830	272	19	―rics‖	―rics‖	PROPN
taxlaw-2830	272	20	)	)	PUNCT
taxlaw-2830	272	21	for	for	ADP
taxlaw-2830	272	22	tax	tax	NOUN
taxlaw-2830	272	23	purposes	purpose	NOUN
taxlaw-2830	272	24	.	.	PUNCT
taxlaw-2830	273	1	i.r.c	i.r.c	NOUN
taxlaw-2830	273	2	.	.	PUNCT
taxlaw-2830	274	1	§	§	PROPN
taxlaw-2830	274	2	851	851	NUM
taxlaw-2830	274	3	.	.	PUNCT
taxlaw-2830	274	4	similar	similar	ADJ
taxlaw-2830	274	5	to	to	ADP
taxlaw-2830	274	6	a	a	DET
taxlaw-2830	274	7	reit	reit	NOUN
taxlaw-2830	274	8	,	,	PUNCT
taxlaw-2830	274	9	a	a	DET
taxlaw-2830	274	10	ric	ric	PROPN
taxlaw-2830	274	11	can	can	AUX
taxlaw-2830	274	12	deduct	deduct	VERB
taxlaw-2830	274	13	the	the	DET
taxlaw-2830	274	14	dividends	dividend	NOUN
taxlaw-2830	274	15	that	that	PRON
taxlaw-2830	274	16	it	it	PRON
taxlaw-2830	274	17	pays	pay	VERB
taxlaw-2830	274	18	to	to	ADP
taxlaw-2830	274	19	its	its	PRON
taxlaw-2830	274	20	shareholders	shareholder	NOUN
taxlaw-2830	274	21	.	.	PUNCT
taxlaw-2830	275	1	i.r.c	i.r.c	NOUN
taxlaw-2830	275	2	.	.	PUNCT
taxlaw-2830	276	1	§	§	PROPN
taxlaw-2830	276	2	852(b)(2	852(b)(2	NUM
taxlaw-2830	276	3	)	)	PUNCT
taxlaw-2830	276	4	.	.	PUNCT
taxlaw-2830	277	1	full	full	ADJ
taxlaw-2830	277	2	discussion	discussion	NOUN
taxlaw-2830	277	3	of	of	ADP
taxlaw-2830	277	4	rics	rics	NOUN
taxlaw-2830	277	5	is	be	AUX
taxlaw-2830	277	6	beyond	beyond	ADP
taxlaw-2830	277	7	the	the	DET
taxlaw-2830	277	8	scope	scope	NOUN
taxlaw-2830	277	9	of	of	ADP
taxlaw-2830	277	10	this	this	DET
taxlaw-2830	277	11	article	article	NOUN
taxlaw-2830	277	12	.	.	PUNCT
taxlaw-2830	278	1	however	however	ADV
taxlaw-2830	278	2	,	,	PUNCT
taxlaw-2830	278	3	it	it	PRON
taxlaw-2830	278	4	should	should	AUX
taxlaw-2830	278	5	be	be	AUX
taxlaw-2830	278	6	noted	note	VERB
taxlaw-2830	278	7	that	that	SCONJ
taxlaw-2830	278	8	,	,	PUNCT
taxlaw-2830	278	9	at	at	ADP
taxlaw-2830	278	10	least	least	ADJ
taxlaw-2830	278	11	in	in	ADP
taxlaw-2830	278	12	the	the	DET
taxlaw-2830	278	13	case	case	NOUN
taxlaw-2830	278	14	of	of	ADP
taxlaw-2830	278	15	rics	ric	NOUN
taxlaw-2830	278	16	that	that	PRON
taxlaw-2830	278	17	earn	earn	VERB
taxlaw-2830	278	18	much	much	ADJ
taxlaw-2830	278	19	of	of	ADP
taxlaw-2830	278	20	their	their	PRON
taxlaw-2830	278	21	income	income	NOUN
taxlaw-2830	278	22	from	from	ADP
taxlaw-2830	278	23	investing	invest	VERB
taxlaw-2830	278	24	in	in	ADP
taxlaw-2830	278	25	publicly	publicly	ADV
taxlaw-2830	278	26	traded	trade	VERB
taxlaw-2830	278	27	assets	asset	NOUN
taxlaw-2830	278	28	,	,	PUNCT
taxlaw-2830	278	29	the	the	DET
taxlaw-2830	278	30	proposal	proposal	NOUN
taxlaw-2830	278	31	made	make	VERB
taxlaw-2830	278	32	by	by	ADP
taxlaw-2830	278	33	this	this	DET
taxlaw-2830	278	34	article	article	NOUN
taxlaw-2830	278	35	is	be	AUX
taxlaw-2830	278	36	not	not	PART
taxlaw-2830	278	37	inconsistent	inconsistent	ADJ
taxlaw-2830	278	38	with	with	ADP
taxlaw-2830	278	39	the	the	DET
taxlaw-2830	278	40	fact	fact	NOUN
taxlaw-2830	278	41	that	that	SCONJ
taxlaw-2830	278	42	special	special	ADJ
taxlaw-2830	278	43	tax	tax	NOUN
taxlaw-2830	278	44	treatment	treatment	NOUN
taxlaw-2830	278	45	is	be	AUX
taxlaw-2830	278	46	granted	grant	VERB
taxlaw-2830	278	47	to	to	ADP
taxlaw-2830	278	48	those	those	DET
taxlaw-2830	278	49	rics	ric	NOUN
taxlaw-2830	278	50	.	.	PUNCT
taxlaw-2830	279	1	42	42	NUM
taxlaw-2830	279	2	for	for	ADP
taxlaw-2830	279	3	further	further	ADJ
taxlaw-2830	279	4	discussion	discussion	NOUN
taxlaw-2830	279	5	of	of	ADP
taxlaw-2830	279	6	this	this	DET
taxlaw-2830	279	7	structure	structure	NOUN
taxlaw-2830	279	8	,	,	PUNCT
taxlaw-2830	279	9	see	see	VERB
taxlaw-2830	279	10	,	,	PUNCT
taxlaw-2830	279	11	e.g.	e.g.	ADV
taxlaw-2830	279	12	,	,	PUNCT
taxlaw-2830	279	13	cauble	cauble	NOUN
taxlaw-2830	279	14	,	,	PUNCT
taxlaw-2830	279	15	supra	supra	PROPN
taxlaw-2830	279	16	note	note	NOUN
taxlaw-2830	279	17	17	17	NUM
taxlaw-2830	279	18	at	at	ADP
taxlaw-2830	279	19	159	159	NUM
taxlaw-2830	279	20	-	-	SYM
taxlaw-2830	279	21	69	69	NUM
taxlaw-2830	279	22	;	;	PUNCT
taxlaw-2830	279	23	cauble	cauble	NOUN
taxlaw-2830	279	24	&	&	CCONJ
taxlaw-2830	279	25	polsky	polsky	PROPN
taxlaw-2830	279	26	,	,	PUNCT
taxlaw-2830	279	27	supra	supra	PROPN
taxlaw-2830	279	28	note	note	PROPN
taxlaw-2830	279	29	17	17	NUM
taxlaw-2830	279	30	;	;	PUNCT
taxlaw-2830	279	31	fleischer	fleischer	PROPN
taxlaw-2830	279	32	,	,	PUNCT
taxlaw-2830	279	33	supra	supra	PROPN
taxlaw-2830	279	34	note	note	NOUN
taxlaw-2830	279	35	12	12	NUM
taxlaw-2830	279	36	at	at	ADP
taxlaw-2830	279	37	101	101	NUM
taxlaw-2830	279	38	-	-	SYM
taxlaw-2830	279	39	03	03	NUM
taxlaw-2830	279	40	.	.	PUNCT
taxlaw-2830	280	1	columbia	columbia	PROPN
taxlaw-2830	280	2	journal	journal	PROPN
taxlaw-2830	280	3	of	of	ADP
taxlaw-2830	280	4	tax	tax	NOUN
taxlaw-2830	280	5	law	law	NOUN
taxlaw-2830	281	1	[	[	X
taxlaw-2830	281	2	vol.6:147	vol.6:147	PROPN
taxlaw-2830	281	3	156	156	NUM
taxlaw-2830	281	4	figure	figure	NOUN
taxlaw-2830	281	5	1	1	NUM
taxlaw-2830	281	6	:	:	PUNCT
taxlaw-2830	281	7	exempt	exempt	ADJ
taxlaw-2830	281	8	publicly	publicly	ADV
taxlaw-2830	281	9	traded	trade	VERB
taxlaw-2830	281	10	partnerships	partnership	NOUN
taxlaw-2830	281	11	in	in	ADP
taxlaw-2830	281	12	this	this	DET
taxlaw-2830	281	13	structure	structure	NOUN
taxlaw-2830	281	14	,	,	PUNCT
taxlaw-2830	281	15	the	the	DET
taxlaw-2830	281	16	publicly	publicly	ADV
taxlaw-2830	281	17	traded	trade	VERB
taxlaw-2830	281	18	partnership	partnership	NOUN
taxlaw-2830	281	19	is	be	AUX
taxlaw-2830	281	20	an	an	DET
taxlaw-2830	281	21	entity	entity	NOUN
taxlaw-2830	281	22	that	that	PRON
taxlaw-2830	281	23	is	be	AUX
taxlaw-2830	281	24	traded	trade	VERB
taxlaw-2830	281	25	on	on	ADP
taxlaw-2830	281	26	an	an	DET
taxlaw-2830	281	27	established	establish	VERB
taxlaw-2830	281	28	securities	security	NOUN
taxlaw-2830	281	29	market	market	NOUN
taxlaw-2830	281	30	.	.	PUNCT
taxlaw-2830	282	1	in	in	ADP
taxlaw-2830	282	2	order	order	NOUN
taxlaw-2830	282	3	to	to	PART
taxlaw-2830	282	4	maintain	maintain	VERB
taxlaw-2830	282	5	classification	classification	NOUN
taxlaw-2830	282	6	as	as	ADP
taxlaw-2830	282	7	an	an	DET
taxlaw-2830	282	8	exempt	exempt	ADJ
taxlaw-2830	282	9	publicly	publicly	ADV
taxlaw-2830	282	10	traded	trade	VERB
taxlaw-2830	282	11	partnership	partnership	NOUN
taxlaw-2830	282	12	,	,	PUNCT
taxlaw-2830	282	13	at	at	ADV
taxlaw-2830	282	14	least	least	ADV
taxlaw-2830	282	15	90	90	NUM
taxlaw-2830	282	16	percent	percent	NOUN
taxlaw-2830	282	17	of	of	ADP
taxlaw-2830	282	18	the	the	DET
taxlaw-2830	282	19	publicly	publicly	ADV
taxlaw-2830	282	20	traded	trade	VERB
taxlaw-2830	282	21	partnership‘s	partnership‘s	PROPN
taxlaw-2830	282	22	gross	gross	ADJ
taxlaw-2830	282	23	income	income	NOUN
taxlaw-2830	282	24	must	must	AUX
taxlaw-2830	282	25	be	be	AUX
taxlaw-2830	282	26	qualifying	qualify	VERB
taxlaw-2830	282	27	income	income	NOUN
taxlaw-2830	282	28	.	.	PUNCT
taxlaw-2830	283	1	43	43	NUM
taxlaw-2830	284	1	in	in	ADP
taxlaw-2830	284	2	order	order	NOUN
taxlaw-2830	284	3	to	to	PART
taxlaw-2830	284	4	ensure	ensure	VERB
taxlaw-2830	284	5	that	that	SCONJ
taxlaw-2830	284	6	the	the	DET
taxlaw-2830	284	7	publicly	publicly	ADV
taxlaw-2830	284	8	traded	trade	VERB
taxlaw-2830	284	9	partnership	partnership	NOUN
taxlaw-2830	284	10	meets	meet	VERB
taxlaw-2830	284	11	this	this	DET
taxlaw-2830	284	12	test	test	NOUN
taxlaw-2830	284	13	,	,	PUNCT
taxlaw-2830	284	14	only	only	ADV
taxlaw-2830	284	15	qualifying	qualify	VERB
taxlaw-2830	284	16	income	income	NOUN
taxlaw-2830	284	17	is	be	AUX
taxlaw-2830	284	18	earned	earn	VERB
taxlaw-2830	284	19	directly	directly	ADV
taxlaw-2830	284	20	by	by	ADP
taxlaw-2830	284	21	the	the	DET
taxlaw-2830	284	22	publicly	publicly	ADV
taxlaw-2830	284	23	traded	trade	VERB
taxlaw-2830	284	24	partnership	partnership	NOUN
taxlaw-2830	284	25	or	or	CCONJ
taxlaw-2830	284	26	allocated	allocate	VERB
taxlaw-2830	284	27	directly	directly	ADV
taxlaw-2830	284	28	to	to	ADP
taxlaw-2830	284	29	the	the	DET
taxlaw-2830	284	30	publicly	publicly	ADV
taxlaw-2830	284	31	traded	trade	VERB
taxlaw-2830	284	32	partnership	partnership	NOUN
taxlaw-2830	284	33	by	by	ADP
taxlaw-2830	284	34	subsidiary	subsidiary	NOUN
taxlaw-2830	284	35	partnerships	partnership	NOUN
taxlaw-2830	284	36	.	.	PUNCT
taxlaw-2830	285	1	44	44	NUM
taxlaw-2830	285	2	because	because	SCONJ
taxlaw-2830	285	3	this	this	DET
taxlaw-2830	285	4	income	income	NOUN
taxlaw-2830	285	5	is	be	AUX
taxlaw-2830	285	6	allocated	allocate	VERB
taxlaw-2830	285	7	directly	directly	ADV
taxlaw-2830	285	8	to	to	ADP
taxlaw-2830	285	9	or	or	CCONJ
taxlaw-2830	285	10	earned	earn	VERB
taxlaw-2830	285	11	directly	directly	ADV
taxlaw-2830	285	12	by	by	ADP
taxlaw-2830	285	13	the	the	DET
taxlaw-2830	285	14	publicly	publicly	ADV
taxlaw-2830	285	15	traded	trade	VERB
taxlaw-2830	285	16	partnership	partnership	NOUN
taxlaw-2830	285	17	,	,	PUNCT
taxlaw-2830	285	18	it	it	PRON
taxlaw-2830	285	19	retains	retain	VERB
taxlaw-2830	285	20	its	its	PRON
taxlaw-2830	285	21	original	original	ADJ
taxlaw-2830	285	22	character	character	NOUN
taxlaw-2830	285	23	,	,	PUNCT
taxlaw-2830	285	24	and	and	CCONJ
taxlaw-2830	285	25	thus	thus	ADV
taxlaw-2830	285	26	,	,	PUNCT
taxlaw-2830	285	27	all	all	PRON
taxlaw-2830	285	28	income	income	VERB
taxlaw-2830	285	29	the	the	DET
taxlaw-2830	285	30	publicly	publicly	ADV
taxlaw-2830	285	31	traded	trade	VERB
taxlaw-2830	285	32	partnership	partnership	NOUN
taxlaw-2830	285	33	directly	directly	ADV
taxlaw-2830	285	34	receives	receive	VERB
taxlaw-2830	285	35	is	be	AUX
taxlaw-2830	285	36	qualifying	qualify	VERB
taxlaw-2830	285	37	income	income	NOUN
taxlaw-2830	285	38	.	.	PUNCT
taxlaw-2830	286	1	45	45	NUM
taxlaw-2830	286	2	any	any	DET
taxlaw-2830	286	3	non	non	ADJ
taxlaw-2830	286	4	-	-	ADJ
taxlaw-2830	286	5	qualifying	qualifying	ADJ
taxlaw-2830	286	6	income	income	NOUN
taxlaw-2830	286	7	is	be	AUX
taxlaw-2830	286	8	earned	earn	VERB
taxlaw-2830	286	9	by	by	ADP
taxlaw-2830	286	10	either	either	DET
taxlaw-2830	286	11	―u.s	―u.s	PROPN
taxlaw-2830	286	12	.	.	PROPN
taxlaw-2830	286	13	subsidiary‖	subsidiary‖	PROPN
taxlaw-2830	286	14	(	(	PUNCT
taxlaw-2830	286	15	an	an	DET
taxlaw-2830	286	16	entity	entity	NOUN
taxlaw-2830	286	17	formed	form	VERB
taxlaw-2830	286	18	in	in	ADP
taxlaw-2830	286	19	the	the	DET
taxlaw-2830	286	20	united	united	PROPN
taxlaw-2830	286	21	states	states	PROPN
taxlaw-2830	286	22	)	)	PUNCT
taxlaw-2830	286	23	or	or	CCONJ
taxlaw-2830	286	24	―non	―non	PROPN
taxlaw-2830	286	25	-	-	ADJ
taxlaw-2830	286	26	u.s	u.s	PROPN
taxlaw-2830	286	27	.	.	PROPN
taxlaw-2830	286	28	subsidiary‖	subsidiary‖	PROPN
taxlaw-2830	286	29	(	(	PUNCT
taxlaw-2830	286	30	an	an	DET
taxlaw-2830	286	31	entity	entity	NOUN
taxlaw-2830	286	32	formed	form	VERB
taxlaw-2830	286	33	outside	outside	ADP
taxlaw-2830	286	34	of	of	ADP
taxlaw-2830	286	35	the	the	DET
taxlaw-2830	286	36	united	united	PROPN
taxlaw-2830	286	37	states	states	PROPN
taxlaw-2830	286	38	)	)	PUNCT
taxlaw-2830	286	39	.	.	PUNCT
taxlaw-2830	287	1	46	46	NUM
taxlaw-2830	287	2	both	both	PRON
taxlaw-2830	287	3	of	of	ADP
taxlaw-2830	287	4	these	these	DET
taxlaw-2830	287	5	entities	entity	NOUN
taxlaw-2830	287	6	are	be	AUX
taxlaw-2830	287	7	treated	treat	VERB
taxlaw-2830	287	8	as	as	ADP
taxlaw-2830	287	9	corporations	corporation	NOUN
taxlaw-2830	287	10	for	for	ADP
taxlaw-2830	287	11	u.s	u.s	PROPN
taxlaw-2830	287	12	.	.	PROPN
taxlaw-2830	287	13	tax	tax	NOUN
taxlaw-2830	287	14	purposes	purpose	NOUN
taxlaw-2830	287	15	,	,	PUNCT
taxlaw-2830	287	16	and	and	CCONJ
taxlaw-2830	287	17	each	each	PRON
taxlaw-2830	287	18	of	of	ADP
taxlaw-2830	287	19	these	these	DET
taxlaw-2830	287	20	entities	entity	NOUN
taxlaw-2830	287	21	is	be	AUX
taxlaw-2830	287	22	wholly	wholly	ADV
taxlaw-2830	287	23	owned	own	VERB
taxlaw-2830	287	24	by	by	ADP
taxlaw-2830	287	25	the	the	DET
taxlaw-2830	287	26	publicly	publicly	ADV
taxlaw-2830	287	27	traded	trade	VERB
taxlaw-2830	287	28	partnership	partnership	NOUN
taxlaw-2830	287	29	.	.	PUNCT
taxlaw-2830	288	1	because	because	SCONJ
taxlaw-2830	288	2	they	they	PRON
taxlaw-2830	288	3	are	be	AUX
taxlaw-2830	288	4	corporations	corporation	NOUN
taxlaw-2830	288	5	,	,	PUNCT
taxlaw-2830	288	6	when	when	SCONJ
taxlaw-2830	288	7	these	these	DET
taxlaw-2830	288	8	entities	entity	NOUN
taxlaw-2830	288	9	distribute	distribute	VERB
taxlaw-2830	288	10	cash	cash	NOUN
taxlaw-2830	288	11	,	,	PUNCT
taxlaw-2830	288	12	the	the	DET
taxlaw-2830	288	13	publicly	publicly	ADV
taxlaw-2830	288	14	traded	trade	VERB
taxlaw-2830	288	15	partnership	partnership	NOUN
taxlaw-2830	288	16	43	43	NUM
taxlaw-2830	288	17	see	see	VERB
taxlaw-2830	288	18	supra	supra	PROPN
taxlaw-2830	288	19	part	part	PROPN
taxlaw-2830	288	20	ii.a	ii.a	PROPN
taxlaw-2830	288	21	.	.	PROPN
taxlaw-2830	288	22	44	44	NUM
taxlaw-2830	288	23	for	for	ADP
taxlaw-2830	288	24	further	further	ADJ
taxlaw-2830	288	25	discussion	discussion	NOUN
taxlaw-2830	288	26	of	of	ADP
taxlaw-2830	288	27	this	this	DET
taxlaw-2830	288	28	structure	structure	NOUN
taxlaw-2830	288	29	,	,	PUNCT
taxlaw-2830	288	30	see	see	VERB
taxlaw-2830	288	31	,	,	PUNCT
taxlaw-2830	288	32	e.g.	e.g.	ADV
taxlaw-2830	288	33	,	,	PUNCT
taxlaw-2830	288	34	cauble	cauble	NOUN
taxlaw-2830	288	35	,	,	PUNCT
taxlaw-2830	288	36	supra	supra	PROPN
taxlaw-2830	288	37	note	note	NOUN
taxlaw-2830	288	38	17	17	NUM
taxlaw-2830	288	39	at	at	ADP
taxlaw-2830	288	40	159	159	NUM
taxlaw-2830	288	41	-	-	SYM
taxlaw-2830	288	42	69	69	NUM
taxlaw-2830	288	43	;	;	PUNCT
taxlaw-2830	288	44	cauble	cauble	NOUN
taxlaw-2830	288	45	&	&	CCONJ
taxlaw-2830	288	46	polsky	polsky	PROPN
taxlaw-2830	288	47	,	,	PUNCT
taxlaw-2830	288	48	supra	supra	PROPN
taxlaw-2830	288	49	note	note	PROPN
taxlaw-2830	288	50	17	17	NUM
taxlaw-2830	288	51	;	;	PUNCT
taxlaw-2830	288	52	fleischer	fleischer	PROPN
taxlaw-2830	288	53	,	,	PUNCT
taxlaw-2830	288	54	supra	supra	PROPN
taxlaw-2830	288	55	note	note	NOUN
taxlaw-2830	288	56	12	12	NUM
taxlaw-2830	288	57	at	at	ADP
taxlaw-2830	288	58	101	101	NUM
taxlaw-2830	288	59	-	-	SYM
taxlaw-2830	288	60	03	03	NUM
taxlaw-2830	288	61	.	.	PUNCT
taxlaw-2830	289	1	45	45	NUM
taxlaw-2830	289	2	―character‖	―character‖	PROPN
taxlaw-2830	289	3	of	of	ADP
taxlaw-2830	289	4	income	income	NOUN
taxlaw-2830	289	5	refers	refer	VERB
taxlaw-2830	289	6	to	to	ADP
taxlaw-2830	289	7	the	the	DET
taxlaw-2830	289	8	type	type	NOUN
taxlaw-2830	289	9	of	of	ADP
taxlaw-2830	289	10	income	income	NOUN
taxlaw-2830	289	11	.	.	PUNCT
taxlaw-2830	290	1	for	for	ADP
taxlaw-2830	290	2	instance	instance	NOUN
taxlaw-2830	290	3	,	,	PUNCT
taxlaw-2830	290	4	if	if	SCONJ
taxlaw-2830	290	5	a	a	DET
taxlaw-2830	290	6	subsidiary	subsidiary	NOUN
taxlaw-2830	290	7	partnership	partnership	NOUN
taxlaw-2830	290	8	earned	earn	VERB
taxlaw-2830	290	9	dividend	dividend	NOUN
taxlaw-2830	290	10	income	income	NOUN
taxlaw-2830	290	11	and	and	CCONJ
taxlaw-2830	290	12	allocated	allocate	VERB
taxlaw-2830	290	13	such	such	ADJ
taxlaw-2830	290	14	income	income	NOUN
taxlaw-2830	290	15	to	to	ADP
taxlaw-2830	290	16	the	the	DET
taxlaw-2830	290	17	publicly	publicly	ADV
taxlaw-2830	290	18	traded	trade	VERB
taxlaw-2830	290	19	partnership	partnership	NOUN
taxlaw-2830	290	20	,	,	PUNCT
taxlaw-2830	290	21	the	the	DET
taxlaw-2830	290	22	publicly	publicly	ADV
taxlaw-2830	290	23	traded	trade	VERB
taxlaw-2830	290	24	partnership	partnership	NOUN
taxlaw-2830	290	25	would	would	AUX
taxlaw-2830	290	26	recognize	recognize	VERB
taxlaw-2830	290	27	dividend	dividend	NOUN
taxlaw-2830	290	28	income	income	NOUN
taxlaw-2830	290	29	.	.	PUNCT
taxlaw-2830	291	1	46	46	NUM
taxlaw-2830	291	2	for	for	ADP
taxlaw-2830	291	3	further	further	ADJ
taxlaw-2830	291	4	discussion	discussion	NOUN
taxlaw-2830	291	5	of	of	ADP
taxlaw-2830	291	6	this	this	DET
taxlaw-2830	291	7	structure	structure	NOUN
taxlaw-2830	291	8	,	,	PUNCT
taxlaw-2830	291	9	see	see	VERB
taxlaw-2830	291	10	,	,	PUNCT
taxlaw-2830	291	11	e.g.	e.g.	ADV
taxlaw-2830	291	12	,	,	PUNCT
taxlaw-2830	291	13	cauble	cauble	NOUN
taxlaw-2830	291	14	,	,	PUNCT
taxlaw-2830	291	15	supra	supra	PROPN
taxlaw-2830	291	16	note	note	NOUN
taxlaw-2830	291	17	17	17	NUM
taxlaw-2830	291	18	at	at	ADP
taxlaw-2830	291	19	159	159	NUM
taxlaw-2830	291	20	-	-	SYM
taxlaw-2830	291	21	69	69	NUM
taxlaw-2830	291	22	;	;	PUNCT
taxlaw-2830	291	23	cauble	cauble	NOUN
taxlaw-2830	291	24	&	&	CCONJ
taxlaw-2830	291	25	polsky	polsky	PROPN
taxlaw-2830	291	26	,	,	PUNCT
taxlaw-2830	291	27	supra	supra	PROPN
taxlaw-2830	291	28	note	note	PROPN
taxlaw-2830	291	29	17	17	NUM
taxlaw-2830	291	30	;	;	PUNCT
taxlaw-2830	291	31	fleischer	fleischer	PROPN
taxlaw-2830	291	32	,	,	PUNCT
taxlaw-2830	291	33	supra	supra	PROPN
taxlaw-2830	291	34	note	note	NOUN
taxlaw-2830	291	35	12	12	NUM
taxlaw-2830	291	36	at	at	ADP
taxlaw-2830	291	37	101	101	NUM
taxlaw-2830	291	38	-	-	SYM
taxlaw-2830	291	39	103	103	NUM
taxlaw-2830	291	40	.	.	PUNCT
taxlaw-2830	292	1	qualifying	qualify	VERB
taxlaw-2830	292	2	income	income	NOUN
taxlaw-2830	292	3	u.s	u.s	PROPN
taxlaw-2830	292	4	.	.	PROPN
taxlaw-2830	292	5	subsidiary	subsidiary	NOUN
taxlaw-2830	292	6	publicly	publicly	ADV
taxlaw-2830	292	7	traded	trade	VERB
taxlaw-2830	292	8	partnership	partnership	NOUN
taxlaw-2830	292	9	non	non	ADJ
taxlaw-2830	292	10	-	-	ADJ
taxlaw-2830	292	11	qualifying	qualifying	ADJ
taxlaw-2830	292	12	income	income	NOUN
taxlaw-2830	292	13	non	non	ADJ
taxlaw-2830	292	14	-	-	ADJ
taxlaw-2830	292	15	u.s	u.s	PROPN
taxlaw-2830	292	16	.	.	PROPN
taxlaw-2830	292	17	subsidiary	subsidiary	NOUN
taxlaw-2830	292	18	non	non	ADJ
taxlaw-2830	292	19	-	-	ADJ
taxlaw-2830	292	20	qualifying	qualifying	ADJ
taxlaw-2830	292	21	income	income	NOUN
taxlaw-2830	292	22	2015	2015	NUM
taxlaw-2830	292	23	]	]	PUNCT
taxlaw-2830	292	24	taxing	tax	VERB
taxlaw-2830	292	25	publicly	publicly	ADV
taxlaw-2830	292	26	traded	trade	VERB
taxlaw-2830	292	27	entities	entity	NOUN
taxlaw-2830	292	28	157	157	NUM
taxlaw-2830	292	29	recognizes	recognize	VERB
taxlaw-2830	292	30	dividend	dividend	NOUN
taxlaw-2830	292	31	income	income	NOUN
taxlaw-2830	292	32	or	or	CCONJ
taxlaw-2830	292	33	capital	capital	NOUN
taxlaw-2830	292	34	gain	gain	NOUN
taxlaw-2830	292	35	income	income	NOUN
taxlaw-2830	292	36	.	.	PUNCT
taxlaw-2830	293	1	47	47	NUM
taxlaw-2830	293	2	dividend	dividend	NOUN
taxlaw-2830	293	3	income	income	NOUN
taxlaw-2830	293	4	and	and	CCONJ
taxlaw-2830	293	5	capital	capital	NOUN
taxlaw-2830	293	6	gain	gain	NOUN
taxlaw-2830	293	7	income	income	NOUN
taxlaw-2830	293	8	are	be	AUX
taxlaw-2830	293	9	types	type	NOUN
taxlaw-2830	293	10	of	of	ADP
taxlaw-2830	293	11	qualifying	qualify	VERB
taxlaw-2830	293	12	income	income	NOUN
taxlaw-2830	293	13	.	.	PUNCT
taxlaw-2830	294	1	48	48	NUM
taxlaw-2830	295	1	thus	thus	ADV
taxlaw-2830	295	2	,	,	PUNCT
taxlaw-2830	295	3	non	non	ADJ
taxlaw-2830	295	4	-	-	ADJ
taxlaw-2830	295	5	qualifying	qualifying	ADJ
taxlaw-2830	295	6	income	income	NOUN
taxlaw-2830	295	7	earned	earn	VERB
taxlaw-2830	295	8	by	by	ADP
taxlaw-2830	295	9	u.s	u.s	PROPN
taxlaw-2830	295	10	.	.	PROPN
taxlaw-2830	295	11	subsidiary	subsidiary	NOUN
taxlaw-2830	295	12	and	and	CCONJ
taxlaw-2830	295	13	non	non	ADJ
taxlaw-2830	295	14	-	-	ADJ
taxlaw-2830	295	15	u.s	u.s	PROPN
taxlaw-2830	295	16	.	.	PROPN
taxlaw-2830	295	17	subsidiary	subsidiary	NOUN
taxlaw-2830	295	18	is	be	AUX
taxlaw-2830	295	19	converted	convert	VERB
taxlaw-2830	295	20	into	into	ADP
taxlaw-2830	295	21	qualifying	qualify	VERB
taxlaw-2830	295	22	income	income	NOUN
taxlaw-2830	295	23	before	before	SCONJ
taxlaw-2830	295	24	it	it	PRON
taxlaw-2830	295	25	reaches	reach	VERB
taxlaw-2830	295	26	the	the	DET
taxlaw-2830	295	27	publicly	publicly	ADV
taxlaw-2830	295	28	traded	trade	VERB
taxlaw-2830	295	29	partnership	partnership	NOUN
taxlaw-2830	295	30	,	,	PUNCT
taxlaw-2830	295	31	and	and	CCONJ
taxlaw-2830	295	32	u.s	u.s	PROPN
taxlaw-2830	295	33	.	.	PROPN
taxlaw-2830	295	34	subsidiary	subsidiary	NOUN
taxlaw-2830	295	35	and	and	CCONJ
taxlaw-2830	295	36	non	non	ADJ
taxlaw-2830	295	37	-	-	ADJ
taxlaw-2830	295	38	u.s	u.s	PROPN
taxlaw-2830	295	39	.	.	PROPN
taxlaw-2830	295	40	subsidiary	subsidiary	NOUN
taxlaw-2830	295	41	are	be	AUX
taxlaw-2830	295	42	interposed	interpose	VERB
taxlaw-2830	295	43	in	in	ADP
taxlaw-2830	295	44	the	the	DET
taxlaw-2830	295	45	structure	structure	NOUN
taxlaw-2830	295	46	solely	solely	ADV
taxlaw-2830	295	47	to	to	PART
taxlaw-2830	295	48	achieve	achieve	VERB
taxlaw-2830	295	49	the	the	DET
taxlaw-2830	295	50	result	result	NOUN
taxlaw-2830	295	51	of	of	ADP
taxlaw-2830	295	52	converting	convert	VERB
taxlaw-2830	295	53	non	non	ADJ
taxlaw-2830	295	54	-	-	ADJ
taxlaw-2830	295	55	qualifying	qualifying	ADJ
taxlaw-2830	295	56	income	income	NOUN
taxlaw-2830	295	57	into	into	ADP
taxlaw-2830	295	58	qualifying	qualify	VERB
taxlaw-2830	295	59	income	income	NOUN
taxlaw-2830	295	60	.	.	PUNCT
taxlaw-2830	296	1	49	49	NUM
taxlaw-2830	296	2	as	as	ADP
taxlaw-2830	296	3	a	a	DET
taxlaw-2830	296	4	result	result	NOUN
taxlaw-2830	296	5	,	,	PUNCT
taxlaw-2830	296	6	the	the	DET
taxlaw-2830	296	7	publicly	publicly	ADV
taxlaw-2830	296	8	traded	trade	VERB
taxlaw-2830	296	9	partnership	partnership	NOUN
taxlaw-2830	296	10	earns	earn	VERB
taxlaw-2830	296	11	100	100	NUM
taxlaw-2830	296	12	percent	percent	NOUN
taxlaw-2830	296	13	qualifying	qualify	VERB
taxlaw-2830	296	14	income	income	NOUN
taxlaw-2830	296	15	because	because	SCONJ
taxlaw-2830	296	16	its	its	PRON
taxlaw-2830	296	17	income	income	NOUN
taxlaw-2830	296	18	consists	consist	VERB
taxlaw-2830	296	19	of	of	ADP
taxlaw-2830	296	20	qualifying	qualify	VERB
taxlaw-2830	296	21	income	income	NOUN
taxlaw-2830	296	22	earned	earn	VERB
taxlaw-2830	296	23	directly	directly	ADV
taxlaw-2830	296	24	(	(	PUNCT
taxlaw-2830	296	25	or	or	CCONJ
taxlaw-2830	296	26	through	through	ADP
taxlaw-2830	296	27	partnerships	partnership	NOUN
taxlaw-2830	296	28	)	)	PUNCT
taxlaw-2830	296	29	,	,	PUNCT
taxlaw-2830	296	30	dividend	dividend	NOUN
taxlaw-2830	296	31	income	income	NOUN
taxlaw-2830	296	32	received	receive	VERB
taxlaw-2830	296	33	from	from	ADP
taxlaw-2830	296	34	u.s	u.s	PROPN
taxlaw-2830	296	35	.	.	PROPN
taxlaw-2830	296	36	subsidiary	subsidiary	NOUN
taxlaw-2830	296	37	or	or	CCONJ
taxlaw-2830	296	38	non	non	ADJ
taxlaw-2830	296	39	-	-	ADJ
taxlaw-2830	296	40	u.s	u.s	PROPN
taxlaw-2830	296	41	.	.	PROPN
taxlaw-2830	296	42	subsidiary	subsidiary	NOUN
taxlaw-2830	296	43	,	,	PUNCT
taxlaw-2830	296	44	and	and	CCONJ
taxlaw-2830	296	45	capital	capital	NOUN
taxlaw-2830	296	46	gain	gain	NOUN
taxlaw-2830	296	47	income	income	NOUN
taxlaw-2830	296	48	earned	earn	VERB
taxlaw-2830	296	49	as	as	ADP
taxlaw-2830	296	50	a	a	DET
taxlaw-2830	296	51	result	result	NOUN
taxlaw-2830	296	52	of	of	ADP
taxlaw-2830	296	53	owning	own	VERB
taxlaw-2830	296	54	interests	interest	NOUN
taxlaw-2830	296	55	in	in	ADP
taxlaw-2830	296	56	u.s	u.s	PROPN
taxlaw-2830	296	57	.	.	PROPN
taxlaw-2830	296	58	subsidiary	subsidiary	NOUN
taxlaw-2830	296	59	or	or	CCONJ
taxlaw-2830	297	1	nonu.s	nonu.s	PROPN
taxlaw-2830	297	2	.	.	PROPN
taxlaw-2830	297	3	subsidiary	subsidiary	NOUN
taxlaw-2830	297	4	.	.	PUNCT
taxlaw-2830	298	1	50	50	NUM
taxlaw-2830	298	2	consequently	consequently	ADV
taxlaw-2830	298	3	,	,	PUNCT
taxlaw-2830	298	4	regardless	regardless	ADV
taxlaw-2830	298	5	of	of	ADP
taxlaw-2830	298	6	the	the	DET
taxlaw-2830	298	7	mix	mix	NOUN
taxlaw-2830	298	8	of	of	ADP
taxlaw-2830	298	9	qualifying	qualifying	NOUN
taxlaw-2830	298	10	and	and	CCONJ
taxlaw-2830	298	11	non	non	ADJ
taxlaw-2830	298	12	-	-	ADJ
taxlaw-2830	298	13	qualifying	qualifying	ADJ
taxlaw-2830	298	14	income	income	NOUN
taxlaw-2830	298	15	earned	earn	VERB
taxlaw-2830	298	16	in	in	ADP
taxlaw-2830	298	17	any	any	DET
taxlaw-2830	298	18	particular	particular	ADJ
taxlaw-2830	298	19	year	year	NOUN
taxlaw-2830	298	20	,	,	PUNCT
taxlaw-2830	298	21	the	the	DET
taxlaw-2830	298	22	publicly	publicly	ADV
taxlaw-2830	298	23	traded	trade	VERB
taxlaw-2830	298	24	partnership	partnership	NOUN
taxlaw-2830	298	25	will	will	AUX
taxlaw-2830	298	26	always	always	ADV
taxlaw-2830	298	27	qualify	qualify	VERB
taxlaw-2830	298	28	for	for	ADP
taxlaw-2830	298	29	the	the	DET
taxlaw-2830	298	30	exception	exception	NOUN
taxlaw-2830	298	31	from	from	ADP
taxlaw-2830	298	32	corporate	corporate	ADJ
taxlaw-2830	298	33	tax	tax	NOUN
taxlaw-2830	298	34	treatment	treatment	NOUN
taxlaw-2830	298	35	because	because	SCONJ
taxlaw-2830	298	36	at	at	ADV
taxlaw-2830	298	37	least	least	ADV
taxlaw-2830	298	38	90	90	NUM
taxlaw-2830	298	39	percent	percent	NOUN
taxlaw-2830	298	40	of	of	ADP
taxlaw-2830	298	41	its	its	PRON
taxlaw-2830	298	42	income	income	NOUN
taxlaw-2830	298	43	(	(	PUNCT
taxlaw-2830	298	44	in	in	ADP
taxlaw-2830	298	45	this	this	DET
taxlaw-2830	298	46	case	case	NOUN
taxlaw-2830	298	47	,	,	PUNCT
taxlaw-2830	298	48	100	100	NUM
taxlaw-2830	298	49	percent	percent	NOUN
taxlaw-2830	298	50	of	of	ADP
taxlaw-2830	298	51	its	its	PRON
taxlaw-2830	298	52	income	income	NOUN
taxlaw-2830	298	53	)	)	PUNCT
taxlaw-2830	298	54	will	will	AUX
taxlaw-2830	298	55	be	be	AUX
taxlaw-2830	298	56	qualifying	qualify	VERB
taxlaw-2830	298	57	income	income	NOUN
taxlaw-2830	298	58	.	.	PUNCT
taxlaw-2830	299	1	51	51	NUM
taxlaw-2830	299	2	finally	finally	ADV
taxlaw-2830	299	3	,	,	PUNCT
taxlaw-2830	299	4	u.s	u.s	PROPN
taxlaw-2830	299	5	.	.	PROPN
taxlaw-2830	299	6	subsidiary	subsidiary	NOUN
taxlaw-2830	299	7	will	will	AUX
taxlaw-2830	299	8	pay	pay	VERB
taxlaw-2830	299	9	entity	entity	NOUN
taxlaw-2830	299	10	-	-	PUNCT
taxlaw-2830	299	11	level	level	NOUN
taxlaw-2830	299	12	tax	tax	NOUN
taxlaw-2830	299	13	on	on	ADP
taxlaw-2830	299	14	the	the	DET
taxlaw-2830	299	15	income	income	NOUN
taxlaw-2830	299	16	it	it	PRON
taxlaw-2830	299	17	earns	earn	VERB
taxlaw-2830	299	18	(	(	PUNCT
taxlaw-2830	299	19	which	which	PRON
taxlaw-2830	299	20	is	be	AUX
taxlaw-2830	299	21	the	the	DET
taxlaw-2830	299	22	non	non	ADJ
taxlaw-2830	299	23	-	-	ADJ
taxlaw-2830	299	24	qualifying	qualifying	ADJ
taxlaw-2830	299	25	income	income	NOUN
taxlaw-2830	299	26	that	that	PRON
taxlaw-2830	299	27	is	be	AUX
taxlaw-2830	299	28	funneled	funnel	VERB
taxlaw-2830	299	29	through	through	ADP
taxlaw-2830	299	30	u.s	u.s	PROPN
taxlaw-2830	299	31	.	.	PROPN
taxlaw-2830	299	32	subsidiary	subsidiary	NOUN
taxlaw-2830	299	33	)	)	PUNCT
taxlaw-2830	299	34	.	.	PUNCT
taxlaw-2830	300	1	therefore	therefore	ADV
taxlaw-2830	300	2	,	,	PUNCT
taxlaw-2830	300	3	entitylevel	entitylevel	ADJ
taxlaw-2830	300	4	tax	tax	NOUN
taxlaw-2830	300	5	is	be	AUX
taxlaw-2830	300	6	not	not	PART
taxlaw-2830	300	7	completely	completely	ADV
taxlaw-2830	300	8	avoided	avoid	VERB
taxlaw-2830	300	9	.	.	PUNCT
taxlaw-2830	301	1	however	however	ADV
taxlaw-2830	301	2	,	,	PUNCT
taxlaw-2830	301	3	in	in	ADP
taxlaw-2830	301	4	order	order	NOUN
taxlaw-2830	301	5	to	to	PART
taxlaw-2830	301	6	reduce	reduce	VERB
taxlaw-2830	301	7	u.s	u.s	PROPN
taxlaw-2830	301	8	.	.	PROPN
taxlaw-2830	301	9	subsidiary‘s	subsidiary‘s	ADJ
taxlaw-2830	301	10	tax	tax	NOUN
taxlaw-2830	301	11	liability	liability	NOUN
taxlaw-2830	301	12	,	,	PUNCT
taxlaw-2830	301	13	the	the	DET
taxlaw-2830	301	14	publicly	publicly	ADV
taxlaw-2830	301	15	traded	trade	VERB
taxlaw-2830	301	16	partnership	partnership	NOUN
taxlaw-2830	301	17	likely	likely	ADJ
taxlaw-2830	301	18	loans	loan	NOUN
taxlaw-2830	301	19	funds	fund	NOUN
taxlaw-2830	301	20	to	to	ADP
taxlaw-2830	301	21	u.s	u.s	PROPN
taxlaw-2830	301	22	.	.	PROPN
taxlaw-2830	301	23	subsidiary	subsidiary	NOUN
taxlaw-2830	301	24	and	and	CCONJ
taxlaw-2830	301	25	charges	charge	VERB
taxlaw-2830	301	26	u.s	u.s	PROPN
taxlaw-2830	301	27	subsidiary	subsidiary	NOUN
taxlaw-2830	301	28	interest	interest	NOUN
taxlaw-2830	301	29	.	.	PUNCT
taxlaw-2830	302	1	52	52	NUM
taxlaw-2830	302	2	as	as	ADP
taxlaw-2830	302	3	a	a	DET
taxlaw-2830	302	4	result	result	NOUN
taxlaw-2830	302	5	,	,	PUNCT
taxlaw-2830	302	6	u.s	u.s	PROPN
taxlaw-2830	302	7	.	.	PROPN
taxlaw-2830	302	8	subsidiary	subsidiary	NOUN
taxlaw-2830	302	9	can	can	AUX
taxlaw-2830	302	10	deduct	deduct	VERB
taxlaw-2830	302	11	this	this	DET
taxlaw-2830	302	12	interest	interest	NOUN
taxlaw-2830	302	13	expense	expense	NOUN
taxlaw-2830	302	14	,	,	PUNCT
taxlaw-2830	302	15	reducing	reduce	VERB
taxlaw-2830	302	16	its	its	PRON
taxlaw-2830	302	17	taxable	taxable	ADJ
taxlaw-2830	302	18	income	income	NOUN
taxlaw-2830	302	19	.	.	PUNCT
taxlaw-2830	303	1	53	53	NUM
taxlaw-2830	304	1	moreover	moreover	ADV
taxlaw-2830	304	2	,	,	PUNCT
taxlaw-2830	304	3	the	the	DET
taxlaw-2830	304	4	interest	interest	NOUN
taxlaw-2830	304	5	income	income	NOUN
taxlaw-2830	304	6	received	receive	VERB
taxlaw-2830	304	7	by	by	ADP
taxlaw-2830	304	8	the	the	DET
taxlaw-2830	304	9	publicly	publicly	ADV
taxlaw-2830	304	10	traded	trade	VERB
taxlaw-2830	304	11	partnership	partnership	NOUN
taxlaw-2830	304	12	from	from	ADP
taxlaw-2830	304	13	u.s	u.s	PROPN
taxlaw-2830	304	14	.	.	PROPN
taxlaw-2830	304	15	subsidiary	subsidiary	NOUN
taxlaw-2830	304	16	is	be	AUX
taxlaw-2830	304	17	qualifying	qualify	VERB
taxlaw-2830	304	18	income	income	NOUN
taxlaw-2830	304	19	and	and	CCONJ
taxlaw-2830	304	20	,	,	PUNCT
taxlaw-2830	304	21	consequently	consequently	ADV
taxlaw-2830	304	22	,	,	PUNCT
taxlaw-2830	304	23	does	do	AUX
taxlaw-2830	304	24	not	not	PART
taxlaw-2830	304	25	jeopardize	jeopardize	VERB
taxlaw-2830	304	26	its	its	PRON
taxlaw-2830	304	27	ability	ability	NOUN
taxlaw-2830	304	28	to	to	PART
taxlaw-2830	304	29	earn	earn	VERB
taxlaw-2830	304	30	predominately	predominately	ADV
taxlaw-2830	304	31	qualifying	qualify	VERB
taxlaw-2830	304	32	income	income	NOUN
taxlaw-2830	304	33	.	.	PUNCT
taxlaw-2830	305	1	54	54	NUM
taxlaw-2830	305	2	there	there	PRON
taxlaw-2830	305	3	are	be	VERB
taxlaw-2830	305	4	limits	limit	NOUN
taxlaw-2830	305	5	on	on	ADP
taxlaw-2830	305	6	the	the	DET
taxlaw-2830	305	7	extent	extent	NOUN
taxlaw-2830	305	8	to	to	PART
taxlaw-2830	305	9	which	which	PRON
taxlaw-2830	305	10	u.s	u.s	PROPN
taxlaw-2830	305	11	.	.	PROPN
taxlaw-2830	305	12	subsidiary‘s	subsidiary‘s	ADJ
taxlaw-2830	305	13	taxable	taxable	ADJ
taxlaw-2830	305	14	income	income	NOUN
taxlaw-2830	305	15	can	can	AUX
taxlaw-2830	305	16	be	be	AUX
taxlaw-2830	305	17	reduced	reduce	VERB
taxlaw-2830	305	18	by	by	ADP
taxlaw-2830	305	19	interest	interest	NOUN
taxlaw-2830	305	20	deductions	deduction	NOUN
taxlaw-2830	305	21	.	.	PUNCT
taxlaw-2830	306	1	if	if	SCONJ
taxlaw-2830	306	2	the	the	DET
taxlaw-2830	306	3	publicly	publicly	ADV
taxlaw-2830	306	4	traded	trade	VERB
taxlaw-2830	306	5	partnership	partnership	NOUN
taxlaw-2830	306	6	charged	charge	VERB
taxlaw-2830	306	7	an	an	DET
taxlaw-2830	306	8	interest	interest	NOUN
taxlaw-2830	306	9	rate	rate	NOUN
taxlaw-2830	306	10	that	that	PRON
taxlaw-2830	306	11	was	be	AUX
taxlaw-2830	306	12	higher	high	ADJ
taxlaw-2830	306	13	than	than	ADP
taxlaw-2830	306	14	a	a	DET
taxlaw-2830	306	15	market	market	NOUN
taxlaw-2830	306	16	rate	rate	NOUN
taxlaw-2830	306	17	,	,	PUNCT
taxlaw-2830	306	18	for	for	ADP
taxlaw-2830	306	19	instance	instance	NOUN
taxlaw-2830	306	20	,	,	PUNCT
taxlaw-2830	306	21	the	the	DET
taxlaw-2830	306	22	loan	loan	NOUN
taxlaw-2830	306	23	from	from	ADP
taxlaw-2830	306	24	the	the	DET
taxlaw-2830	306	25	publicly	publicly	ADV
taxlaw-2830	306	26	traded	trade	VERB
taxlaw-2830	306	27	partnership	partnership	NOUN
taxlaw-2830	306	28	to	to	ADP
taxlaw-2830	306	29	u.s	u.s	PROPN
taxlaw-2830	306	30	.	.	PROPN
taxlaw-2830	306	31	subsidiary	subsidiary	NOUN
taxlaw-2830	306	32	could	could	AUX
taxlaw-2830	306	33	be	be	AUX
taxlaw-2830	306	34	re	re	VERB
taxlaw-2830	306	35	-	-	VERB
taxlaw-2830	306	36	characterized	characterize	VERB
taxlaw-2830	306	37	,	,	PUNCT
taxlaw-2830	306	38	for	for	ADP
taxlaw-2830	306	39	tax	tax	NOUN
taxlaw-2830	306	40	purposes	purpose	NOUN
taxlaw-2830	306	41	,	,	PUNCT
taxlaw-2830	306	42	as	as	ADP
taxlaw-2830	306	43	an	an	DET
taxlaw-2830	306	44	equity	equity	NOUN
taxlaw-2830	306	45	interest	interest	NOUN
taxlaw-2830	306	46	in	in	ADP
taxlaw-2830	306	47	u.s	u.s	PROPN
taxlaw-2830	306	48	.	.	PROPN
taxlaw-2830	306	49	subsidiary	subsidiary	NOUN
taxlaw-2830	306	50	.	.	PUNCT
taxlaw-2830	307	1	accordingly	accordingly	ADV
taxlaw-2830	307	2	,	,	PUNCT
taxlaw-2830	307	3	the	the	DET
taxlaw-2830	307	4	payments	payment	NOUN
taxlaw-2830	307	5	made	make	VERB
taxlaw-2830	307	6	by	by	ADP
taxlaw-2830	307	7	u.s	u.s	PROPN
taxlaw-2830	307	8	.	.	PROPN
taxlaw-2830	307	9	subsidiary	subsidiary	NOUN
taxlaw-2830	307	10	would	would	AUX
taxlaw-2830	307	11	not	not	PART
taxlaw-2830	307	12	be	be	AUX
taxlaw-2830	307	13	47	47	NUM
taxlaw-2830	307	14	in	in	ADP
taxlaw-2830	307	15	particular	particular	ADJ
taxlaw-2830	307	16	,	,	PUNCT
taxlaw-2830	307	17	to	to	ADP
taxlaw-2830	307	18	the	the	DET
taxlaw-2830	307	19	extent	extent	NOUN
taxlaw-2830	307	20	that	that	SCONJ
taxlaw-2830	307	21	the	the	DET
taxlaw-2830	307	22	distribution	distribution	NOUN
taxlaw-2830	307	23	does	do	AUX
taxlaw-2830	307	24	not	not	PART
taxlaw-2830	307	25	exceed	exceed	VERB
taxlaw-2830	307	26	the	the	DET
taxlaw-2830	307	27	corporation‘s	corporation‘s	NOUN
taxlaw-2830	307	28	available	available	ADJ
taxlaw-2830	307	29	earnings	earning	NOUN
taxlaw-2830	307	30	and	and	CCONJ
taxlaw-2830	307	31	profits	profit	NOUN
taxlaw-2830	307	32	,	,	PUNCT
taxlaw-2830	307	33	the	the	DET
taxlaw-2830	307	34	publicly	publicly	ADV
taxlaw-2830	307	35	traded	trade	VERB
taxlaw-2830	307	36	partnership	partnership	NOUN
taxlaw-2830	307	37	will	will	AUX
taxlaw-2830	307	38	recognize	recognize	VERB
taxlaw-2830	307	39	dividend	dividend	NOUN
taxlaw-2830	307	40	income	income	NOUN
taxlaw-2830	307	41	.	.	PUNCT
taxlaw-2830	308	1	i.r.c	i.r.c	NOUN
taxlaw-2830	308	2	.	.	PUNCT
taxlaw-2830	309	1	§	§	PROPN
taxlaw-2830	309	2	§	§	PROPN
taxlaw-2830	309	3	301(c)(1	301(c)(1	PROPN
taxlaw-2830	309	4	)	)	PUNCT
taxlaw-2830	309	5	,	,	PUNCT
taxlaw-2830	310	1	316	316	NUM
taxlaw-2830	310	2	.	.	PUNCT
taxlaw-2830	311	1	if	if	SCONJ
taxlaw-2830	311	2	the	the	DET
taxlaw-2830	311	3	distribution	distribution	NOUN
taxlaw-2830	311	4	does	do	AUX
taxlaw-2830	311	5	exceed	exceed	VERB
taxlaw-2830	311	6	earnings	earning	NOUN
taxlaw-2830	311	7	and	and	CCONJ
taxlaw-2830	311	8	profits	profit	NOUN
taxlaw-2830	311	9	,	,	PUNCT
taxlaw-2830	311	10	the	the	DET
taxlaw-2830	311	11	publicly	publicly	ADV
taxlaw-2830	311	12	traded	trade	VERB
taxlaw-2830	311	13	partnership	partnership	NOUN
taxlaw-2830	311	14	could	could	AUX
taxlaw-2830	311	15	potentially	potentially	ADV
taxlaw-2830	311	16	recognize	recognize	VERB
taxlaw-2830	311	17	gain	gain	NOUN
taxlaw-2830	311	18	from	from	ADP
taxlaw-2830	311	19	the	the	DET
taxlaw-2830	311	20	sale	sale	NOUN
taxlaw-2830	311	21	of	of	ADP
taxlaw-2830	311	22	stock	stock	NOUN
taxlaw-2830	311	23	in	in	ADP
taxlaw-2830	311	24	the	the	DET
taxlaw-2830	311	25	corporation	corporation	NOUN
taxlaw-2830	311	26	,	,	PUNCT
taxlaw-2830	311	27	which	which	PRON
taxlaw-2830	311	28	would	would	AUX
taxlaw-2830	311	29	be	be	AUX
taxlaw-2830	311	30	capital	capital	NOUN
taxlaw-2830	311	31	gain	gain	NOUN
taxlaw-2830	311	32	income	income	NOUN
taxlaw-2830	311	33	.	.	PUNCT
taxlaw-2830	312	1	i.r.c	i.r.c	NOUN
taxlaw-2830	312	2	.	.	PUNCT
taxlaw-2830	313	1	§	§	PROPN
taxlaw-2830	313	2	301(c)(3)(a	301(c)(3)(a	PROPN
taxlaw-2830	313	3	)	)	PUNCT
taxlaw-2830	313	4	.	.	PUNCT
taxlaw-2830	314	1	the	the	DET
taxlaw-2830	314	2	tax	tax	NOUN
taxlaw-2830	314	3	treatment	treatment	NOUN
taxlaw-2830	314	4	of	of	ADP
taxlaw-2830	314	5	a	a	DET
taxlaw-2830	314	6	shareholder	shareholder	NOUN
taxlaw-2830	314	7	of	of	ADP
taxlaw-2830	314	8	a	a	DET
taxlaw-2830	314	9	non	non	ADJ
taxlaw-2830	314	10	-	-	ADJ
taxlaw-2830	314	11	u.s	u.s	ADJ
taxlaw-2830	314	12	.	.	PROPN
taxlaw-2830	314	13	corporation	corporation	NOUN
taxlaw-2830	314	14	could	could	AUX
taxlaw-2830	314	15	differ	differ	VERB
taxlaw-2830	314	16	from	from	ADP
taxlaw-2830	314	17	what	what	PRON
taxlaw-2830	314	18	is	be	AUX
taxlaw-2830	314	19	described	describe	VERB
taxlaw-2830	314	20	in	in	ADP
taxlaw-2830	314	21	the	the	DET
taxlaw-2830	314	22	text	text	NOUN
taxlaw-2830	314	23	if	if	SCONJ
taxlaw-2830	314	24	the	the	DET
taxlaw-2830	314	25	non	non	ADJ
taxlaw-2830	314	26	-	-	ADJ
taxlaw-2830	314	27	u.s	u.s	PROPN
taxlaw-2830	314	28	.	.	PROPN
taxlaw-2830	314	29	corporation	corporation	NOUN
taxlaw-2830	314	30	earned	earn	VERB
taxlaw-2830	314	31	passive	passive	ADJ
taxlaw-2830	314	32	income	income	NOUN
taxlaw-2830	314	33	.	.	PUNCT
taxlaw-2830	315	1	in	in	ADP
taxlaw-2830	315	2	such	such	DET
taxlaw-2830	315	3	a	a	DET
taxlaw-2830	315	4	case	case	NOUN
taxlaw-2830	315	5	,	,	PUNCT
taxlaw-2830	315	6	special	special	ADJ
taxlaw-2830	315	7	―antideferral‖	―antideferral‖	PROPN
taxlaw-2830	315	8	rules	rule	NOUN
taxlaw-2830	315	9	could	could	AUX
taxlaw-2830	315	10	apply	apply	VERB
taxlaw-2830	315	11	.	.	PUNCT
taxlaw-2830	316	1	however	however	ADV
taxlaw-2830	316	2	,	,	PUNCT
taxlaw-2830	316	3	assuming	assume	VERB
taxlaw-2830	316	4	only	only	ADV
taxlaw-2830	316	5	active	active	ADJ
taxlaw-2830	316	6	income	income	NOUN
taxlaw-2830	316	7	is	be	AUX
taxlaw-2830	316	8	allocated	allocate	VERB
taxlaw-2830	316	9	to	to	ADP
taxlaw-2830	316	10	non	non	ADJ
taxlaw-2830	316	11	-	-	ADJ
taxlaw-2830	316	12	u.s	u.s	PROPN
taxlaw-2830	316	13	.	.	PROPN
taxlaw-2830	316	14	subsidiary	subsidiary	NOUN
taxlaw-2830	316	15	,	,	PUNCT
taxlaw-2830	316	16	the	the	DET
taxlaw-2830	316	17	anti	anti	ADJ
taxlaw-2830	316	18	-	-	ADJ
taxlaw-2830	316	19	deferral	deferral	ADJ
taxlaw-2830	316	20	rules	rule	NOUN
taxlaw-2830	316	21	would	would	AUX
taxlaw-2830	316	22	not	not	PART
taxlaw-2830	316	23	apply	apply	VERB
taxlaw-2830	316	24	to	to	ADP
taxlaw-2830	316	25	the	the	DET
taxlaw-2830	316	26	exempt	exempt	ADJ
taxlaw-2830	316	27	publicly	publicly	ADV
taxlaw-2830	316	28	traded	trade	VERB
taxlaw-2830	316	29	partnership	partnership	NOUN
taxlaw-2830	316	30	structure	structure	NOUN
taxlaw-2830	316	31	.	.	PUNCT
taxlaw-2830	317	1	48	48	NUM
taxlaw-2830	317	2	i.r.c	i.r.c	NOUN
taxlaw-2830	317	3	.	.	PUNCT
taxlaw-2830	318	1	§	§	PROPN
taxlaw-2830	318	2	7704(d	7704(d	PROPN
taxlaw-2830	318	3	)	)	PUNCT
taxlaw-2830	318	4	.	.	PUNCT
taxlaw-2830	319	1	49	49	NUM
taxlaw-2830	319	2	see	see	VERB
taxlaw-2830	319	3	i	i	PRON
taxlaw-2830	319	4	d.	d.	PROPN
taxlaw-2830	319	5	50	50	NUM
taxlaw-2830	319	6	see	see	VERB
taxlaw-2830	319	7	supra	supra	PROPN
taxlaw-2830	319	8	notes	note	VERB
taxlaw-2830	319	9	44	44	NUM
taxlaw-2830	319	10	-	-	SYM
taxlaw-2830	319	11	49	49	NUM
taxlaw-2830	319	12	and	and	CCONJ
taxlaw-2830	319	13	accompanying	accompany	VERB
taxlaw-2830	319	14	text	text	NOUN
taxlaw-2830	319	15	.	.	PUNCT
taxlaw-2830	320	1	51	51	NUM
taxlaw-2830	320	2	for	for	ADP
taxlaw-2830	320	3	further	further	ADJ
taxlaw-2830	320	4	discussion	discussion	NOUN
taxlaw-2830	320	5	of	of	ADP
taxlaw-2830	320	6	this	this	DET
taxlaw-2830	320	7	structure	structure	NOUN
taxlaw-2830	320	8	,	,	PUNCT
taxlaw-2830	320	9	see	see	VERB
taxlaw-2830	320	10	,	,	PUNCT
taxlaw-2830	320	11	e.g.	e.g.	ADV
taxlaw-2830	320	12	,	,	PUNCT
taxlaw-2830	320	13	cauble	cauble	NOUN
taxlaw-2830	320	14	,	,	PUNCT
taxlaw-2830	320	15	supra	supra	PROPN
taxlaw-2830	320	16	note	note	NOUN
taxlaw-2830	320	17	17	17	NUM
taxlaw-2830	320	18	at	at	ADP
taxlaw-2830	320	19	159	159	NUM
taxlaw-2830	320	20	-	-	SYM
taxlaw-2830	320	21	69	69	NUM
taxlaw-2830	320	22	;	;	PUNCT
taxlaw-2830	320	23	cauble	cauble	NOUN
taxlaw-2830	320	24	&	&	CCONJ
taxlaw-2830	320	25	polsky	polsky	PROPN
taxlaw-2830	320	26	,	,	PUNCT
taxlaw-2830	320	27	supra	supra	PROPN
taxlaw-2830	320	28	note	note	PROPN
taxlaw-2830	320	29	17	17	NUM
taxlaw-2830	320	30	;	;	PUNCT
taxlaw-2830	321	1	fleischer	fleischer	PROPN
taxlaw-2830	321	2	,	,	PUNCT
taxlaw-2830	321	3	supra	supra	PROPN
taxlaw-2830	321	4	note	note	NOUN
taxlaw-2830	321	5	12	12	NUM
taxlaw-2830	321	6	at	at	ADP
taxlaw-2830	321	7	101	101	NUM
taxlaw-2830	321	8	-	-	SYM
taxlaw-2830	321	9	03	03	NUM
taxlaw-2830	321	10	.	.	PUNCT
taxlaw-2830	321	11	52	52	NUM
taxlaw-2830	321	12	for	for	ADP
taxlaw-2830	321	13	further	further	ADJ
taxlaw-2830	321	14	discussion	discussion	NOUN
taxlaw-2830	321	15	,	,	PUNCT
taxlaw-2830	321	16	see	see	VERB
taxlaw-2830	321	17	,	,	PUNCT
taxlaw-2830	321	18	e.g.	e.g.	ADV
taxlaw-2830	321	19	,	,	PUNCT
taxlaw-2830	321	20	cauble	cauble	NOUN
taxlaw-2830	321	21	,	,	PUNCT
taxlaw-2830	321	22	supra	supra	PROPN
taxlaw-2830	321	23	note	note	NOUN
taxlaw-2830	321	24	17	17	NUM
taxlaw-2830	321	25	at	at	ADP
taxlaw-2830	321	26	165	165	NUM
taxlaw-2830	321	27	;	;	PUNCT
taxlaw-2830	321	28	cauble	cauble	NOUN
taxlaw-2830	321	29	&	&	CCONJ
taxlaw-2830	321	30	polsky	polsky	PROPN
taxlaw-2830	321	31	,	,	PUNCT
taxlaw-2830	321	32	supra	supra	PROPN
taxlaw-2830	321	33	note	note	PROPN
taxlaw-2830	321	34	17	17	NUM
taxlaw-2830	321	35	;	;	PUNCT
taxlaw-2830	321	36	fleischer	fleischer	PROPN
taxlaw-2830	321	37	,	,	PUNCT
taxlaw-2830	321	38	supra	supra	PROPN
taxlaw-2830	321	39	note	note	NOUN
taxlaw-2830	321	40	12	12	NUM
taxlaw-2830	321	41	at	at	ADP
taxlaw-2830	321	42	102	102	NUM
taxlaw-2830	321	43	.	.	PUNCT
taxlaw-2830	322	1	53	53	NUM
taxlaw-2830	322	2	see	see	NOUN
taxlaw-2830	322	3	i.r.c	i.r.c	NOUN
taxlaw-2830	322	4	.	.	PUNCT
taxlaw-2830	323	1	§	§	PROPN
taxlaw-2830	323	2	163	163	NUM
taxlaw-2830	323	3	(	(	PUNCT
taxlaw-2830	323	4	providing	provide	VERB
taxlaw-2830	323	5	for	for	ADP
taxlaw-2830	323	6	an	an	DET
taxlaw-2830	323	7	interest	interest	NOUN
taxlaw-2830	323	8	deduction	deduction	NOUN
taxlaw-2830	323	9	)	)	PUNCT
taxlaw-2830	323	10	.	.	PUNCT
taxlaw-2830	324	1	54	54	NUM
taxlaw-2830	324	2	see	see	VERB
taxlaw-2830	324	3	i.r.c	i.r.c	NOUN
taxlaw-2830	324	4	.	.	PUNCT
taxlaw-2830	325	1	§	§	PROPN
taxlaw-2830	325	2	7704(d)(1)(a	7704(d)(1)(a	NUM
taxlaw-2830	325	3	)	)	PUNCT
taxlaw-2830	325	4	.	.	PUNCT
taxlaw-2830	326	1	it	it	PRON
taxlaw-2830	326	2	is	be	AUX
taxlaw-2830	326	3	worth	worth	ADJ
taxlaw-2830	326	4	noting	note	VERB
taxlaw-2830	326	5	that	that	SCONJ
taxlaw-2830	326	6	certain	certain	ADJ
taxlaw-2830	326	7	other	other	ADJ
taxlaw-2830	326	8	payments	payment	NOUN
taxlaw-2830	326	9	that	that	PRON
taxlaw-2830	326	10	would	would	AUX
taxlaw-2830	326	11	be	be	AUX
taxlaw-2830	326	12	deductible	deductible	ADJ
taxlaw-2830	326	13	by	by	ADP
taxlaw-2830	326	14	the	the	DET
taxlaw-2830	326	15	u.s	u.s	PROPN
taxlaw-2830	326	16	.	.	PROPN
taxlaw-2830	326	17	subsidiary	subsidiary	NOUN
taxlaw-2830	326	18	would	would	AUX
taxlaw-2830	326	19	not	not	PART
taxlaw-2830	326	20	be	be	AUX
taxlaw-2830	326	21	treated	treat	VERB
taxlaw-2830	326	22	as	as	ADP
taxlaw-2830	326	23	qualifying	qualify	VERB
taxlaw-2830	326	24	income	income	NOUN
taxlaw-2830	326	25	if	if	SCONJ
taxlaw-2830	326	26	paid	pay	VERB
taxlaw-2830	326	27	to	to	ADP
taxlaw-2830	326	28	the	the	DET
taxlaw-2830	326	29	publicly	publicly	ADV
taxlaw-2830	326	30	traded	trade	VERB
taxlaw-2830	326	31	partnership	partnership	NOUN
taxlaw-2830	326	32	.	.	PUNCT
taxlaw-2830	327	1	specifically	specifically	ADV
taxlaw-2830	327	2	,	,	PUNCT
taxlaw-2830	327	3	rent	rent	NOUN
taxlaw-2830	327	4	received	receive	VERB
taxlaw-2830	327	5	from	from	ADP
taxlaw-2830	327	6	a	a	DET
taxlaw-2830	327	7	related	related	ADJ
taxlaw-2830	327	8	taxpayer	taxpayer	NOUN
taxlaw-2830	327	9	is	be	AUX
taxlaw-2830	327	10	treated	treat	VERB
taxlaw-2830	327	11	as	as	ADP
taxlaw-2830	327	12	non	non	ADJ
taxlaw-2830	327	13	-	-	ADJ
taxlaw-2830	327	14	qualifying	qualifying	ADJ
taxlaw-2830	327	15	income	income	NOUN
taxlaw-2830	327	16	except	except	SCONJ
taxlaw-2830	327	17	in	in	ADP
taxlaw-2830	327	18	certain	certain	ADJ
taxlaw-2830	327	19	circumstances	circumstance	NOUN
taxlaw-2830	327	20	.	.	PUNCT
taxlaw-2830	328	1	i.r.c	i.r.c	NOUN
taxlaw-2830	328	2	.	.	PUNCT
taxlaw-2830	329	1	§	§	PROPN
taxlaw-2830	329	2	7704(d)(3	7704(d)(3	PROPN
taxlaw-2830	329	3	)	)	PUNCT
taxlaw-2830	329	4	(	(	PUNCT
taxlaw-2830	329	5	defining	define	VERB
taxlaw-2830	329	6	rent	rent	NOUN
taxlaw-2830	329	7	by	by	ADP
taxlaw-2830	329	8	reference	reference	NOUN
taxlaw-2830	329	9	to	to	ADP
taxlaw-2830	329	10	section	section	NOUN
taxlaw-2830	329	11	856(d	856(d	PROPN
taxlaw-2830	329	12	)	)	PUNCT
taxlaw-2830	329	13	with	with	ADP
taxlaw-2830	329	14	certain	certain	ADJ
taxlaw-2830	329	15	modifications	modification	NOUN
taxlaw-2830	329	16	)	)	PUNCT
taxlaw-2830	329	17	and	and	CCONJ
taxlaw-2830	329	18	i.r.c	i.r.c	NOUN
taxlaw-2830	329	19	.	.	PUNCT
taxlaw-2830	330	1	§	§	PROPN
taxlaw-2830	330	2	856(d)(2)(b	856(d)(2)(b	PROPN
taxlaw-2830	330	3	)	)	PUNCT
taxlaw-2830	330	4	(	(	PUNCT
taxlaw-2830	330	5	providing	provide	VERB
taxlaw-2830	330	6	that	that	SCONJ
taxlaw-2830	330	7	rent	rent	NOUN
taxlaw-2830	330	8	excludes	exclude	NOUN
taxlaw-2830	330	9	amounts	amount	NOUN
taxlaw-2830	330	10	received	receive	VERB
taxlaw-2830	330	11	from	from	ADP
taxlaw-2830	330	12	related	related	ADJ
taxlaw-2830	330	13	taxpayers	taxpayer	NOUN
taxlaw-2830	330	14	except	except	SCONJ
taxlaw-2830	330	15	in	in	ADP
taxlaw-2830	330	16	certain	certain	ADJ
taxlaw-2830	330	17	circumstances	circumstance	NOUN
taxlaw-2830	330	18	)	)	PUNCT
taxlaw-2830	330	19	.	.	PUNCT
taxlaw-2830	331	1	columbia	columbia	PROPN
taxlaw-2830	331	2	journal	journal	PROPN
taxlaw-2830	331	3	of	of	ADP
taxlaw-2830	331	4	tax	tax	NOUN
taxlaw-2830	331	5	law	law	NOUN
taxlaw-2830	331	6	[	[	X
taxlaw-2830	331	7	vol.6:147	vol.6:147	NOUN
taxlaw-2830	331	8	158	158	NUM
taxlaw-2830	331	9	respected	respect	VERB
taxlaw-2830	331	10	as	as	ADP
taxlaw-2830	331	11	deductible	deductible	ADJ
taxlaw-2830	331	12	interest	interest	NOUN
taxlaw-2830	331	13	payments	payment	NOUN
taxlaw-2830	331	14	for	for	ADP
taxlaw-2830	331	15	tax	tax	NOUN
taxlaw-2830	331	16	purposes	purpose	NOUN
taxlaw-2830	331	17	.	.	PUNCT
taxlaw-2830	332	1	55	55	NUM
taxlaw-2830	332	2	nevertheless	nevertheless	ADV
taxlaw-2830	332	3	,	,	PUNCT
taxlaw-2830	332	4	subject	subject	ADJ
taxlaw-2830	332	5	to	to	ADP
taxlaw-2830	332	6	certain	certain	ADJ
taxlaw-2830	332	7	restrictions	restriction	NOUN
taxlaw-2830	332	8	,	,	PUNCT
taxlaw-2830	332	9	interest	interest	NOUN
taxlaw-2830	332	10	deductions	deduction	NOUN
taxlaw-2830	332	11	can	can	AUX
taxlaw-2830	332	12	reduce	reduce	VERB
taxlaw-2830	332	13	u.s	u.s	PROPN
taxlaw-2830	332	14	.	.	PROPN
taxlaw-2830	332	15	subsidiary‘s	subsidiary‘s	ADJ
taxlaw-2830	332	16	tax	tax	NOUN
taxlaw-2830	332	17	liability	liability	NOUN
taxlaw-2830	332	18	.	.	PUNCT
taxlaw-2830	333	1	non	non	ADJ
taxlaw-2830	333	2	-	-	ADJ
taxlaw-2830	333	3	u.s	u.s	PROPN
taxlaw-2830	333	4	.	.	PROPN
taxlaw-2830	333	5	subsidiary	subsidiary	NOUN
taxlaw-2830	333	6	pays	pay	VERB
taxlaw-2830	333	7	no	no	DET
taxlaw-2830	333	8	entity	entity	NOUN
taxlaw-2830	333	9	-	-	PUNCT
taxlaw-2830	333	10	level	level	NOUN
taxlaw-2830	333	11	tax	tax	NOUN
taxlaw-2830	333	12	on	on	ADP
taxlaw-2830	333	13	the	the	DET
taxlaw-2830	333	14	non	non	ADJ
taxlaw-2830	333	15	-	-	ADJ
taxlaw-2830	333	16	qualifying	qualifying	ADJ
taxlaw-2830	333	17	income	income	NOUN
taxlaw-2830	333	18	it	it	PRON
taxlaw-2830	333	19	earns	earn	VERB
taxlaw-2830	333	20	.	.	PUNCT
taxlaw-2830	334	1	non	non	ADJ
taxlaw-2830	334	2	-	-	ADJ
taxlaw-2830	334	3	u.s	u.s	PROPN
taxlaw-2830	334	4	.	.	PROPN
taxlaw-2830	334	5	subsidiary	subsidiary	NOUN
taxlaw-2830	334	6	,	,	PUNCT
taxlaw-2830	334	7	as	as	ADP
taxlaw-2830	334	8	a	a	DET
taxlaw-2830	334	9	non	non	ADJ
taxlaw-2830	334	10	-	-	ADJ
taxlaw-2830	334	11	u.s	u.s	ADJ
taxlaw-2830	334	12	.	.	PROPN
taxlaw-2830	334	13	corporation	corporation	NOUN
taxlaw-2830	334	14	,	,	PUNCT
taxlaw-2830	334	15	is	be	AUX
taxlaw-2830	334	16	subject	subject	ADJ
taxlaw-2830	334	17	to	to	ADP
taxlaw-2830	334	18	u.s	u.s	PROPN
taxlaw-2830	334	19	.	.	PROPN
taxlaw-2830	334	20	tax	tax	NOUN
taxlaw-2830	334	21	only	only	ADV
taxlaw-2830	334	22	on	on	ADP
taxlaw-2830	334	23	u.s	u.s	PROPN
taxlaw-2830	334	24	.	.	PROPN
taxlaw-2830	334	25	source	source	NOUN
taxlaw-2830	334	26	-	-	PUNCT
taxlaw-2830	334	27	income	income	NOUN
taxlaw-2830	334	28	and	and	CCONJ
taxlaw-2830	334	29	income	income	NOUN
taxlaw-2830	334	30	effectively	effectively	ADV
taxlaw-2830	334	31	connected	connect	VERB
taxlaw-2830	334	32	with	with	ADP
taxlaw-2830	334	33	a	a	DET
taxlaw-2830	334	34	u.s	u.s	PROPN
taxlaw-2830	334	35	.	.	PROPN
taxlaw-2830	334	36	trade	trade	NOUN
taxlaw-2830	334	37	or	or	CCONJ
taxlaw-2830	334	38	business	business	NOUN
taxlaw-2830	334	39	.	.	PUNCT
taxlaw-2830	335	1	56	56	NUM
taxlaw-2830	335	2	non	non	ADJ
taxlaw-2830	335	3	-	-	ADJ
taxlaw-2830	335	4	u.s	u.s	PROPN
taxlaw-2830	335	5	.	.	PROPN
taxlaw-2830	335	6	subsidiary	subsidiary	NOUN
taxlaw-2830	335	7	only	only	ADV
taxlaw-2830	335	8	earns	earn	VERB
taxlaw-2830	335	9	income	income	NOUN
taxlaw-2830	335	10	that	that	PRON
taxlaw-2830	335	11	is	be	AUX
taxlaw-2830	335	12	neither	neither	PRON
taxlaw-2830	335	13	u.s	u.s	PROPN
taxlaw-2830	335	14	.	.	PROPN
taxlaw-2830	335	15	source	source	NOUN
taxlaw-2830	335	16	nor	nor	CCONJ
taxlaw-2830	335	17	effectively	effectively	ADV
taxlaw-2830	335	18	connected	connect	VERB
taxlaw-2830	335	19	with	with	ADP
taxlaw-2830	335	20	a	a	DET
taxlaw-2830	335	21	u.s	u.s	PROPN
taxlaw-2830	335	22	.	.	PROPN
taxlaw-2830	335	23	trade	trade	NOUN
taxlaw-2830	335	24	or	or	CCONJ
taxlaw-2830	335	25	business	business	NOUN
taxlaw-2830	335	26	.	.	PUNCT
taxlaw-2830	336	1	57	57	NUM
taxlaw-2830	336	2	as	as	ADP
taxlaw-2830	336	3	a	a	DET
taxlaw-2830	336	4	result	result	NOUN
taxlaw-2830	336	5	,	,	PUNCT
taxlaw-2830	336	6	non	non	ADJ
taxlaw-2830	336	7	-	-	ADJ
taxlaw-2830	336	8	u.s	u.s	PROPN
taxlaw-2830	336	9	.	.	PROPN
taxlaw-2830	336	10	subsidiary	subsidiary	NOUN
taxlaw-2830	336	11	incurs	incur	VERB
taxlaw-2830	336	12	no	no	DET
taxlaw-2830	336	13	u.s	u.s	PROPN
taxlaw-2830	336	14	.	.	PROPN
taxlaw-2830	336	15	tax	tax	NOUN
taxlaw-2830	336	16	liability	liability	NOUN
taxlaw-2830	336	17	.	.	PUNCT
taxlaw-2830	337	1	thus	thus	ADV
taxlaw-2830	337	2	,	,	PUNCT
taxlaw-2830	337	3	although	although	SCONJ
taxlaw-2830	337	4	u.s	u.s	PROPN
taxlaw-2830	337	5	.	.	PROPN
taxlaw-2830	337	6	subsidiary	subsidiary	NOUN
taxlaw-2830	337	7	pays	pay	VERB
taxlaw-2830	337	8	entity	entity	NOUN
taxlaw-2830	337	9	-	-	PUNCT
taxlaw-2830	337	10	level	level	NOUN
taxlaw-2830	337	11	tax	tax	NOUN
taxlaw-2830	337	12	on	on	ADP
taxlaw-2830	337	13	the	the	DET
taxlaw-2830	337	14	nonqualifying	nonqualifying	NOUN
taxlaw-2830	337	15	income	income	NOUN
taxlaw-2830	337	16	it	it	PRON
taxlaw-2830	337	17	earns	earn	VERB
taxlaw-2830	337	18	after	after	ADP
taxlaw-2830	337	19	reducing	reduce	VERB
taxlaw-2830	337	20	the	the	DET
taxlaw-2830	337	21	amount	amount	NOUN
taxlaw-2830	337	22	of	of	ADP
taxlaw-2830	337	23	that	that	DET
taxlaw-2830	337	24	income	income	NOUN
taxlaw-2830	337	25	by	by	ADP
taxlaw-2830	337	26	allowable	allowable	ADJ
taxlaw-2830	337	27	interest	interest	NOUN
taxlaw-2830	337	28	deductions	deduction	NOUN
taxlaw-2830	337	29	,	,	PUNCT
taxlaw-2830	337	30	no	no	DET
taxlaw-2830	337	31	entity	entity	NOUN
taxlaw-2830	337	32	in	in	ADP
taxlaw-2830	337	33	the	the	DET
taxlaw-2830	337	34	structure	structure	NOUN
taxlaw-2830	337	35	pays	pay	VERB
taxlaw-2830	337	36	entity	entity	NOUN
taxlaw-2830	337	37	-	-	PUNCT
taxlaw-2830	337	38	level	level	NOUN
taxlaw-2830	337	39	tax	tax	NOUN
taxlaw-2830	337	40	on	on	ADP
taxlaw-2830	337	41	the	the	DET
taxlaw-2830	337	42	qualifying	qualify	VERB
taxlaw-2830	337	43	income	income	NOUN
taxlaw-2830	337	44	earned	earn	VERB
taxlaw-2830	337	45	directly	directly	ADV
taxlaw-2830	337	46	by	by	ADP
taxlaw-2830	337	47	the	the	DET
taxlaw-2830	337	48	publicly	publicly	ADV
taxlaw-2830	337	49	traded	trade	VERB
taxlaw-2830	337	50	partnership	partnership	NOUN
taxlaw-2830	337	51	,	,	PUNCT
taxlaw-2830	337	52	and	and	CCONJ
taxlaw-2830	337	53	non	non	ADJ
taxlaw-2830	337	54	-	-	ADJ
taxlaw-2830	337	55	u.s	u.s	PROPN
taxlaw-2830	337	56	.	.	PROPN
taxlaw-2830	337	57	subsidiary	subsidiary	NOUN
taxlaw-2830	337	58	pays	pay	VERB
taxlaw-2830	337	59	no	no	DET
taxlaw-2830	337	60	entity	entity	NOUN
taxlaw-2830	337	61	-	-	PUNCT
taxlaw-2830	337	62	level	level	NOUN
taxlaw-2830	337	63	tax	tax	NOUN
taxlaw-2830	337	64	on	on	ADP
taxlaw-2830	337	65	the	the	DET
taxlaw-2830	337	66	non	non	ADJ
taxlaw-2830	337	67	-	-	ADJ
taxlaw-2830	337	68	qualifying	qualifying	ADJ
taxlaw-2830	337	69	income	income	NOUN
taxlaw-2830	337	70	it	it	PRON
taxlaw-2830	337	71	earns	earn	VERB
taxlaw-2830	337	72	.	.	PUNCT
taxlaw-2830	338	1	by	by	ADP
taxlaw-2830	338	2	contrast	contrast	NOUN
taxlaw-2830	338	3	,	,	PUNCT
taxlaw-2830	338	4	if	if	SCONJ
taxlaw-2830	338	5	the	the	DET
taxlaw-2830	338	6	publicly	publicly	ADV
taxlaw-2830	338	7	traded	trade	VERB
taxlaw-2830	338	8	partnership	partnership	NOUN
taxlaw-2830	338	9	did	do	AUX
taxlaw-2830	338	10	not	not	PART
taxlaw-2830	338	11	employ	employ	VERB
taxlaw-2830	338	12	this	this	DET
taxlaw-2830	338	13	structure	structure	NOUN
taxlaw-2830	338	14	,	,	PUNCT
taxlaw-2830	338	15	less	less	ADJ
taxlaw-2830	338	16	than	than	ADP
taxlaw-2830	338	17	90	90	NUM
taxlaw-2830	338	18	percent	percent	NOUN
taxlaw-2830	338	19	of	of	ADP
taxlaw-2830	338	20	its	its	PRON
taxlaw-2830	338	21	gross	gross	ADJ
taxlaw-2830	338	22	income	income	NOUN
taxlaw-2830	338	23	would	would	AUX
taxlaw-2830	338	24	be	be	AUX
taxlaw-2830	338	25	qualifying	qualify	VERB
taxlaw-2830	338	26	income	income	NOUN
taxlaw-2830	338	27	,	,	PUNCT
taxlaw-2830	338	28	and	and	CCONJ
taxlaw-2830	338	29	it	it	PRON
taxlaw-2830	338	30	would	would	AUX
taxlaw-2830	338	31	be	be	AUX
taxlaw-2830	338	32	treated	treat	VERB
taxlaw-2830	338	33	as	as	ADP
taxlaw-2830	338	34	a	a	DET
taxlaw-2830	338	35	corporation	corporation	NOUN
taxlaw-2830	338	36	for	for	ADP
taxlaw-2830	338	37	tax	tax	NOUN
taxlaw-2830	338	38	purposes	purpose	NOUN
taxlaw-2830	338	39	.	.	PUNCT
taxlaw-2830	339	1	58	58	NUM
taxlaw-2830	339	2	as	as	ADP
taxlaw-2830	339	3	a	a	DET
taxlaw-2830	339	4	result	result	NOUN
taxlaw-2830	339	5	,	,	PUNCT
taxlaw-2830	339	6	all	all	PRON
taxlaw-2830	339	7	of	of	ADP
taxlaw-2830	339	8	its	its	PRON
taxlaw-2830	339	9	income	income	NOUN
taxlaw-2830	339	10	(	(	PUNCT
taxlaw-2830	339	11	qualifying	qualifying	NOUN
taxlaw-2830	339	12	and	and	CCONJ
taxlaw-2830	339	13	non	non	ADJ
taxlaw-2830	339	14	-	-	ADJ
taxlaw-2830	339	15	qualifying	qualifying	NOUN
taxlaw-2830	339	16	)	)	PUNCT
taxlaw-2830	339	17	would	would	AUX
taxlaw-2830	339	18	be	be	AUX
taxlaw-2830	339	19	subject	subject	ADJ
taxlaw-2830	339	20	to	to	ADP
taxlaw-2830	339	21	entity	entity	NOUN
taxlaw-2830	339	22	-	-	PUNCT
taxlaw-2830	339	23	level	level	NOUN
taxlaw-2830	339	24	tax	tax	NOUN
taxlaw-2830	339	25	.	.	PUNCT
taxlaw-2830	340	1	for	for	ADP
taxlaw-2830	340	2	one	one	NUM
taxlaw-2830	340	3	concrete	concrete	ADJ
taxlaw-2830	340	4	example	example	NOUN
taxlaw-2830	340	5	of	of	ADP
taxlaw-2830	340	6	the	the	DET
taxlaw-2830	340	7	use	use	NOUN
taxlaw-2830	340	8	of	of	ADP
taxlaw-2830	340	9	this	this	DET
taxlaw-2830	340	10	technique	technique	NOUN
taxlaw-2830	340	11	,	,	PUNCT
taxlaw-2830	340	12	consider	consider	VERB
taxlaw-2830	340	13	the	the	DET
taxlaw-2830	340	14	structure	structure	NOUN
taxlaw-2830	340	15	utilized	utilize	VERB
taxlaw-2830	340	16	by	by	ADP
taxlaw-2830	340	17	blackstone	blackstone	PROPN
taxlaw-2830	340	18	group	group	PROPN
taxlaw-2830	340	19	l.p	l.p	PROPN
taxlaw-2830	340	20	.	.	PROPN
taxlaw-2830	340	21	blackstone	blackstone	PROPN
taxlaw-2830	340	22	is	be	AUX
taxlaw-2830	340	23	a	a	DET
taxlaw-2830	340	24	private	private	ADJ
taxlaw-2830	340	25	equity	equity	NOUN
taxlaw-2830	340	26	firm	firm	NOUN
taxlaw-2830	340	27	that	that	PRON
taxlaw-2830	340	28	sponsors	sponsor	VERB
taxlaw-2830	340	29	various	various	ADJ
taxlaw-2830	340	30	real	real	ADJ
taxlaw-2830	340	31	estate	estate	NOUN
taxlaw-2830	340	32	funds	fund	NOUN
taxlaw-2830	340	33	,	,	PUNCT
taxlaw-2830	340	34	hedge	hedge	NOUN
taxlaw-2830	340	35	funds	fund	NOUN
taxlaw-2830	340	36	,	,	PUNCT
taxlaw-2830	340	37	and	and	CCONJ
taxlaw-2830	340	38	private	private	ADJ
taxlaw-2830	340	39	equity	equity	NOUN
taxlaw-2830	340	40	funds	fund	NOUN
taxlaw-2830	340	41	(	(	PUNCT
taxlaw-2830	340	42	blackstone	blackstone	NOUN
taxlaw-2830	340	43	,	,	PUNCT
taxlaw-2830	340	44	the	the	DET
taxlaw-2830	340	45	fund	fund	NOUN
taxlaw-2830	340	46	sponsor	sponsor	NOUN
taxlaw-2830	340	47	,	,	PUNCT
taxlaw-2830	340	48	is	be	AUX
taxlaw-2830	340	49	referred	refer	VERB
taxlaw-2830	340	50	to	to	ADP
taxlaw-2830	340	51	below	below	ADV
taxlaw-2830	340	52	as	as	ADP
taxlaw-2830	340	53	―the	―the	DET
taxlaw-2830	340	54	blackstone	blackstone	NOUN
taxlaw-2830	340	55	firm‖	firm‖	PROPN
taxlaw-2830	340	56	)	)	PUNCT
taxlaw-2830	340	57	.	.	PUNCT
taxlaw-2830	341	1	59	59	NUM
taxlaw-2830	341	2	as	as	ADP
taxlaw-2830	341	3	a	a	DET
taxlaw-2830	341	4	fund	fund	NOUN
taxlaw-2830	341	5	sponsor	sponsor	NOUN
taxlaw-2830	342	1	,	,	PUNCT
taxlaw-2830	342	2	the	the	DET
taxlaw-2830	342	3	blackstone	blackstone	NOUN
taxlaw-2830	342	4	firm	firm	NOUN
taxlaw-2830	342	5	receives	receive	VERB
taxlaw-2830	342	6	management	management	NOUN
taxlaw-2830	342	7	fees	fee	NOUN
taxlaw-2830	342	8	and	and	CCONJ
taxlaw-2830	342	9	a	a	DET
taxlaw-2830	342	10	percentage	percentage	NOUN
taxlaw-2830	342	11	of	of	ADP
taxlaw-2830	342	12	the	the	DET
taxlaw-2830	342	13	profits	profit	NOUN
taxlaw-2830	342	14	generated	generate	VERB
taxlaw-2830	342	15	by	by	ADP
taxlaw-2830	342	16	each	each	DET
taxlaw-2830	342	17	fund	fund	NOUN
taxlaw-2830	342	18	(	(	PUNCT
taxlaw-2830	342	19	referred	refer	VERB
taxlaw-2830	342	20	to	to	ADP
taxlaw-2830	342	21	as	as	ADP
taxlaw-2830	342	22	―carried	―carrie	VERB
taxlaw-2830	342	23	interest‖	interest‖	PROPN
taxlaw-2830	342	24	)	)	PUNCT
taxlaw-2830	342	25	.	.	PUNCT
taxlaw-2830	343	1	blackstone	blackstone	NOUN
taxlaw-2830	343	2	group	group	PROPN
taxlaw-2830	343	3	l.p	l.p	PROPN
taxlaw-2830	343	4	.	.	PROPN
taxlaw-2830	343	5	is	be	AUX
taxlaw-2830	343	6	entitled	entitle	VERB
taxlaw-2830	343	7	to	to	PART
taxlaw-2830	343	8	receive	receive	VERB
taxlaw-2830	343	9	a	a	DET
taxlaw-2830	343	10	share	share	NOUN
taxlaw-2830	343	11	of	of	ADP
taxlaw-2830	343	12	whatever	whatever	PRON
taxlaw-2830	343	13	the	the	DET
taxlaw-2830	343	14	blackstone	blackstone	NOUN
taxlaw-2830	343	15	firm	firm	NOUN
taxlaw-2830	343	16	receives	receive	VERB
taxlaw-2830	343	17	—	—	PUNCT
taxlaw-2830	343	18	by	by	ADP
taxlaw-2830	343	19	way	way	NOUN
taxlaw-2830	343	20	of	of	ADP
taxlaw-2830	343	21	management	management	NOUN
taxlaw-2830	343	22	fees	fee	NOUN
taxlaw-2830	343	23	or	or	CCONJ
taxlaw-2830	343	24	carried	carry	VERB
taxlaw-2830	343	25	interest	interest	NOUN
taxlaw-2830	343	26	—	—	PUNCT
taxlaw-2830	343	27	from	from	ADP
taxlaw-2830	343	28	the	the	DET
taxlaw-2830	343	29	various	various	ADJ
taxlaw-2830	343	30	funds	fund	NOUN
taxlaw-2830	343	31	that	that	PRON
taxlaw-2830	343	32	it	it	PRON
taxlaw-2830	343	33	sponsors	sponsor	VERB
taxlaw-2830	343	34	.	.	PUNCT
taxlaw-2830	344	1	60	60	NUM
taxlaw-2830	344	2	blackstone	blackstone	NOUN
taxlaw-2830	344	3	group	group	NOUN
taxlaw-2830	344	4	l.p	l.p	PROPN
taxlaw-2830	344	5	.	.	PROPN
taxlaw-2830	344	6	is	be	AUX
taxlaw-2830	344	7	a	a	DET
taxlaw-2830	344	8	publicly	publicly	ADV
taxlaw-2830	344	9	traded	trade	VERB
taxlaw-2830	344	10	partnership	partnership	NOUN
taxlaw-2830	344	11	listed	list	VERB
taxlaw-2830	344	12	on	on	ADP
taxlaw-2830	344	13	the	the	DET
taxlaw-2830	344	14	new	new	PROPN
taxlaw-2830	344	15	york	york	PROPN
taxlaw-2830	344	16	stock	stock	PROPN
taxlaw-2830	344	17	exchange	exchange	PROPN
taxlaw-2830	344	18	.	.	PUNCT
taxlaw-2830	345	1	61	61	NUM
taxlaw-2830	345	2	blackstone	blackstone	NOUN
taxlaw-2830	345	3	group	group	NOUN
taxlaw-2830	345	4	l.p	l.p	PROPN
taxlaw-2830	345	5	.	.	PROPN
taxlaw-2830	345	6	utilizes	utilize	VERB
taxlaw-2830	345	7	a	a	DET
taxlaw-2830	345	8	structure	structure	NOUN
taxlaw-2830	345	9	similar	similar	ADJ
taxlaw-2830	345	10	to	to	ADP
taxlaw-2830	345	11	the	the	DET
taxlaw-2830	345	12	one	one	NOUN
taxlaw-2830	345	13	shown	show	VERB
taxlaw-2830	345	14	in	in	ADP
taxlaw-2830	345	15	figure	figure	NOUN
taxlaw-2830	345	16	1	1	NUM
taxlaw-2830	345	17	to	to	PART
taxlaw-2830	345	18	ensure	ensure	VERB
taxlaw-2830	345	19	that	that	SCONJ
taxlaw-2830	345	20	at	at	ADV
taxlaw-2830	345	21	least	least	ADV
taxlaw-2830	345	22	90	90	NUM
taxlaw-2830	345	23	percent	percent	NOUN
taxlaw-2830	345	24	of	of	ADP
taxlaw-2830	345	25	its	its	PRON
taxlaw-2830	345	26	gross	gross	ADJ
taxlaw-2830	345	27	income	income	NOUN
taxlaw-2830	345	28	constitutes	constitute	VERB
taxlaw-2830	345	29	qualifying	qualify	VERB
taxlaw-2830	345	30	income	income	NOUN
taxlaw-2830	345	31	so	so	SCONJ
taxlaw-2830	345	32	that	that	SCONJ
taxlaw-2830	345	33	it	it	PRON
taxlaw-2830	345	34	obtains	obtain	VERB
taxlaw-2830	345	35	exemption	exemption	NOUN
taxlaw-2830	345	36	from	from	ADP
taxlaw-2830	345	37	mandatory	mandatory	ADJ
taxlaw-2830	345	38	corporate	corporate	ADJ
taxlaw-2830	345	39	tax	tax	NOUN
taxlaw-2830	345	40	treatment	treatment	NOUN
taxlaw-2830	345	41	.	.	PUNCT
taxlaw-2830	346	1	62	62	NUM
taxlaw-2830	346	2	some	some	PRON
taxlaw-2830	346	3	of	of	ADP
taxlaw-2830	346	4	the	the	DET
taxlaw-2830	346	5	carried	carry	VERB
taxlaw-2830	346	6	interest	interest	NOUN
taxlaw-2830	346	7	earned	earn	VERB
taxlaw-2830	346	8	by	by	ADP
taxlaw-2830	346	9	blackstone	blackstone	NOUN
taxlaw-2830	346	10	group	group	PROPN
taxlaw-2830	346	11	l.p	l.p	PROPN
taxlaw-2830	346	12	.	.	PROPN
taxlaw-2830	346	13	currently	currently	ADV
taxlaw-2830	346	14	constitutes	constitute	VERB
taxlaw-2830	346	15	qualifying	qualify	VERB
taxlaw-2830	346	16	income	income	NOUN
taxlaw-2830	346	17	.	.	PUNCT
taxlaw-2830	347	1	for	for	ADP
taxlaw-2830	347	2	instance	instance	NOUN
taxlaw-2830	347	3	,	,	PUNCT
taxlaw-2830	347	4	assume	assume	VERB
taxlaw-2830	347	5	the	the	DET
taxlaw-2830	347	6	blackstone	blackstone	NOUN
taxlaw-2830	347	7	firm	firm	NOUN
taxlaw-2830	347	8	sponsors	sponsor	VERB
taxlaw-2830	347	9	a	a	DET
taxlaw-2830	347	10	private	private	ADJ
taxlaw-2830	347	11	equity	equity	NOUN
taxlaw-2830	347	12	fund	fund	NOUN
taxlaw-2830	347	13	that	that	PRON
taxlaw-2830	347	14	sells	sell	VERB
taxlaw-2830	347	15	stock	stock	NOUN
taxlaw-2830	347	16	in	in	ADP
taxlaw-2830	347	17	a	a	DET
taxlaw-2830	347	18	portfolio	portfolio	NOUN
taxlaw-2830	347	19	company	company	NOUN
taxlaw-2830	347	20	,	,	PUNCT
taxlaw-2830	347	21	generating	generate	VERB
taxlaw-2830	347	22	gain	gain	NOUN
taxlaw-2830	347	23	that	that	PRON
taxlaw-2830	347	24	is	be	AUX
taxlaw-2830	347	25	55	55	NUM
taxlaw-2830	347	26	likewise	likewise	ADV
taxlaw-2830	347	27	,	,	PUNCT
taxlaw-2830	347	28	if	if	SCONJ
taxlaw-2830	347	29	u.s	u.s	PROPN
taxlaw-2830	347	30	.	.	PROPN
taxlaw-2830	347	31	subsidiary	subsidiary	NOUN
taxlaw-2830	347	32	were	be	AUX
taxlaw-2830	347	33	too	too	ADV
taxlaw-2830	347	34	thinly	thinly	ADV
taxlaw-2830	347	35	capitalized	capitalize	VERB
taxlaw-2830	347	36	,	,	PUNCT
taxlaw-2830	347	37	some	some	PRON
taxlaw-2830	347	38	of	of	ADP
taxlaw-2830	347	39	the	the	DET
taxlaw-2830	347	40	debt	debt	NOUN
taxlaw-2830	347	41	could	could	AUX
taxlaw-2830	347	42	be	be	AUX
taxlaw-2830	347	43	recast	recast	VERB
taxlaw-2830	347	44	as	as	ADP
taxlaw-2830	347	45	equity	equity	NOUN
taxlaw-2830	347	46	for	for	ADP
taxlaw-2830	347	47	tax	tax	NOUN
taxlaw-2830	347	48	purposes	purpose	NOUN
taxlaw-2830	347	49	.	.	PUNCT
taxlaw-2830	348	1	furthermore	furthermore	ADV
taxlaw-2830	348	2	,	,	PUNCT
taxlaw-2830	348	3	section	section	NOUN
taxlaw-2830	348	4	163(j	163(j	PROPN
taxlaw-2830	348	5	)	)	PUNCT
taxlaw-2830	348	6	could	could	AUX
taxlaw-2830	348	7	limit	limit	VERB
taxlaw-2830	348	8	the	the	DET
taxlaw-2830	348	9	amount	amount	NOUN
taxlaw-2830	348	10	of	of	ADP
taxlaw-2830	348	11	interest	interest	NOUN
taxlaw-2830	348	12	deductible	deductible	ADJ
taxlaw-2830	348	13	by	by	ADP
taxlaw-2830	348	14	u.s	u.s	PROPN
taxlaw-2830	348	15	.	.	PROPN
taxlaw-2830	348	16	subsidiary	subsidiary	NOUN
taxlaw-2830	348	17	if	if	SCONJ
taxlaw-2830	348	18	the	the	DET
taxlaw-2830	348	19	owners	owner	NOUN
taxlaw-2830	348	20	of	of	ADP
taxlaw-2830	348	21	the	the	DET
taxlaw-2830	348	22	publicly	publicly	ADV
taxlaw-2830	348	23	traded	trade	VERB
taxlaw-2830	348	24	partnership	partnership	NOUN
taxlaw-2830	348	25	are	be	AUX
taxlaw-2830	348	26	not	not	PART
taxlaw-2830	348	27	subject	subject	ADJ
taxlaw-2830	348	28	to	to	ADP
taxlaw-2830	348	29	tax	tax	NOUN
taxlaw-2830	348	30	on	on	ADP
taxlaw-2830	348	31	the	the	DET
taxlaw-2830	348	32	interest	interest	NOUN
taxlaw-2830	348	33	.	.	PUNCT
taxlaw-2830	349	1	56	56	NUM
taxlaw-2830	349	2	i.r.c	i.r.c	NOUN
taxlaw-2830	349	3	.	.	PUNCT
taxlaw-2830	350	1	§	§	PROPN
taxlaw-2830	350	2	§	§	PROPN
taxlaw-2830	350	3	881–882	881–882	NUM
taxlaw-2830	350	4	.	.	PROPN
taxlaw-2830	350	5	57	57	NUM
taxlaw-2830	350	6	for	for	ADP
taxlaw-2830	350	7	further	further	ADJ
taxlaw-2830	350	8	discussion	discussion	NOUN
taxlaw-2830	350	9	,	,	PUNCT
taxlaw-2830	350	10	see	see	VERB
taxlaw-2830	350	11	,	,	PUNCT
taxlaw-2830	350	12	e.g.	e.g.	ADV
taxlaw-2830	350	13	,	,	PUNCT
taxlaw-2830	350	14	cauble	cauble	NOUN
taxlaw-2830	350	15	,	,	PUNCT
taxlaw-2830	350	16	supra	supra	PROPN
taxlaw-2830	350	17	note	note	NOUN
taxlaw-2830	350	18	17	17	NUM
taxlaw-2830	350	19	at	at	ADP
taxlaw-2830	350	20	165	165	NUM
taxlaw-2830	350	21	-	-	SYM
taxlaw-2830	350	22	66	66	NUM
taxlaw-2830	350	23	;	;	PUNCT
taxlaw-2830	350	24	cauble	cauble	NOUN
taxlaw-2830	350	25	&	&	CCONJ
taxlaw-2830	350	26	polsky	polsky	PROPN
taxlaw-2830	350	27	,	,	PUNCT
taxlaw-2830	350	28	supra	supra	PROPN
taxlaw-2830	350	29	note	note	NOUN
taxlaw-2830	350	30	17	17	NUM
taxlaw-2830	350	31	.	.	PUNCT
taxlaw-2830	351	1	58	58	NUM
taxlaw-2830	351	2	see	see	VERB
taxlaw-2830	351	3	supra	supra	PROPN
taxlaw-2830	351	4	part	part	PROPN
taxlaw-2830	351	5	ii.a	ii.a	PROPN
taxlaw-2830	351	6	.	.	PROPN
taxlaw-2830	352	1	59	59	NUM
taxlaw-2830	352	2	the	the	DET
taxlaw-2830	352	3	blackstone	blackstone	NOUN
taxlaw-2830	352	4	group	group	NOUN
taxlaw-2830	352	5	l.p	l.p	PROPN
taxlaw-2830	352	6	.	.	PROPN
taxlaw-2830	352	7	,	,	PUNCT
taxlaw-2830	352	8	registration	registration	NOUN
taxlaw-2830	352	9	statement	statement	NOUN
taxlaw-2830	352	10	(	(	PUNCT
taxlaw-2830	352	11	form	form	NOUN
taxlaw-2830	352	12	s-1	s-1	NOUN
taxlaw-2830	352	13	)	)	PUNCT
taxlaw-2830	352	14	at	at	ADP
taxlaw-2830	352	15	1	1	NUM
taxlaw-2830	352	16	(	(	PUNCT
taxlaw-2830	352	17	mar	mar	PROPN
taxlaw-2830	352	18	.	.	PROPN
taxlaw-2830	352	19	22	22	NUM
taxlaw-2830	352	20	,	,	PUNCT
taxlaw-2830	352	21	2007	2007	NUM
taxlaw-2830	352	22	)	)	PUNCT
taxlaw-2830	352	23	,	,	PUNCT
taxlaw-2830	352	24	http://www.sec.gov/archives/edgar/data/1393818/000104746907002068/a2176832zs-1.htm	http://www.sec.gov/archives/edgar/data/1393818/000104746907002068/a2176832zs-1.htm	PROPN
taxlaw-2830	352	25	(	(	PUNCT
taxlaw-2830	352	26	hereinafter	hereinafter	NOUN
taxlaw-2830	352	27	blackstone	blackstone	NOUN
taxlaw-2830	352	28	s-1	s-1	PROPN
taxlaw-2830	352	29	)	)	PUNCT
taxlaw-2830	352	30	.	.	PUNCT
taxlaw-2830	353	1	60	60	NUM
taxlaw-2830	354	1	i	i	PRON
taxlaw-2830	354	2	d.	d.	PROPN
taxlaw-2830	354	3	at	at	ADP
taxlaw-2830	354	4	10	10	NUM
taxlaw-2830	354	5	.	.	PUNCT
taxlaw-2830	355	1	61	61	NUM
taxlaw-2830	356	1	i	i	PRON
taxlaw-2830	356	2	d.	d.	PROPN
taxlaw-2830	356	3	at	at	ADP
taxlaw-2830	356	4	17	17	NUM
taxlaw-2830	356	5	.	.	PUNCT
taxlaw-2830	357	1	62	62	NUM
taxlaw-2830	358	1	i	i	PRON
taxlaw-2830	358	2	d.	d.	VERB
taxlaw-2830	358	3	at	at	ADP
taxlaw-2830	358	4	202	202	NUM
taxlaw-2830	358	5	(	(	PUNCT
taxlaw-2830	358	6	―we	―we	X
taxlaw-2830	358	7	intend	intend	VERB
taxlaw-2830	358	8	to	to	PART
taxlaw-2830	358	9	manage	manage	VERB
taxlaw-2830	358	10	our	our	PRON
taxlaw-2830	358	11	affairs	affair	NOUN
taxlaw-2830	358	12	so	so	SCONJ
taxlaw-2830	358	13	that	that	SCONJ
taxlaw-2830	358	14	we	we	PRON
taxlaw-2830	358	15	will	will	AUX
taxlaw-2830	358	16	meet	meet	VERB
taxlaw-2830	358	17	the	the	DET
taxlaw-2830	358	18	qualifying	qualify	VERB
taxlaw-2830	358	19	income	income	NOUN
taxlaw-2830	358	20	exception	exception	NOUN
taxlaw-2830	358	21	in	in	ADP
taxlaw-2830	358	22	each	each	DET
taxlaw-2830	358	23	taxable	taxable	ADJ
taxlaw-2830	358	24	year	year	NOUN
taxlaw-2830	358	25	.	.	PUNCT
taxlaw-2830	359	1	we	we	PRON
taxlaw-2830	359	2	believe	believe	VERB
taxlaw-2830	359	3	we	we	PRON
taxlaw-2830	359	4	will	will	AUX
taxlaw-2830	359	5	be	be	AUX
taxlaw-2830	359	6	treated	treat	VERB
taxlaw-2830	359	7	as	as	ADP
taxlaw-2830	359	8	a	a	DET
taxlaw-2830	359	9	partnership	partnership	NOUN
taxlaw-2830	359	10	and	and	CCONJ
taxlaw-2830	359	11	not	not	PART
taxlaw-2830	359	12	as	as	ADP
taxlaw-2830	359	13	a	a	DET
taxlaw-2830	359	14	corporation	corporation	NOUN
taxlaw-2830	359	15	for	for	ADP
taxlaw-2830	359	16	u.s	u.s	PROPN
taxlaw-2830	359	17	.	.	PROPN
taxlaw-2830	359	18	federal	federal	ADJ
taxlaw-2830	359	19	income	income	NOUN
taxlaw-2830	359	20	tax	tax	NOUN
taxlaw-2830	359	21	purposes	purpose	NOUN
taxlaw-2830	359	22	.	.	PUNCT
taxlaw-2830	360	1	simpson	simpson	PROPN
taxlaw-2830	360	2	thacher	thacher	PROPN
taxlaw-2830	360	3	&	&	CCONJ
taxlaw-2830	360	4	bartlett	bartlett	PROPN
taxlaw-2830	360	5	llp	llp	PROPN
taxlaw-2830	360	6	will	will	AUX
taxlaw-2830	360	7	provide	provide	VERB
taxlaw-2830	360	8	an	an	DET
taxlaw-2830	360	9	opinion	opinion	NOUN
taxlaw-2830	360	10	to	to	ADP
taxlaw-2830	360	11	us	we	PRON
taxlaw-2830	360	12	based	base	VERB
taxlaw-2830	360	13	on	on	ADP
taxlaw-2830	360	14	factual	factual	ADJ
taxlaw-2830	360	15	statements	statement	NOUN
taxlaw-2830	360	16	and	and	CCONJ
taxlaw-2830	360	17	representations	representation	NOUN
taxlaw-2830	360	18	made	make	VERB
taxlaw-2830	360	19	by	by	ADP
taxlaw-2830	360	20	us	we	PRON
taxlaw-2830	360	21	,	,	PUNCT
taxlaw-2830	360	22	including	include	VERB
taxlaw-2830	360	23	statements	statement	NOUN
taxlaw-2830	360	24	and	and	CCONJ
taxlaw-2830	360	25	representations	representation	NOUN
taxlaw-2830	360	26	as	as	ADP
taxlaw-2830	360	27	to	to	ADP
taxlaw-2830	360	28	the	the	DET
taxlaw-2830	360	29	manner	manner	NOUN
taxlaw-2830	360	30	in	in	ADP
taxlaw-2830	360	31	which	which	PRON
taxlaw-2830	360	32	we	we	PRON
taxlaw-2830	360	33	intend	intend	VERB
taxlaw-2830	360	34	to	to	PART
taxlaw-2830	360	35	manage	manage	VERB
taxlaw-2830	360	36	our	our	PRON
taxlaw-2830	360	37	affairs	affair	NOUN
taxlaw-2830	360	38	and	and	CCONJ
taxlaw-2830	360	39	the	the	DET
taxlaw-2830	360	40	composition	composition	NOUN
taxlaw-2830	360	41	of	of	ADP
taxlaw-2830	360	42	our	our	PRON
taxlaw-2830	360	43	income	income	NOUN
taxlaw-2830	360	44	,	,	PUNCT
taxlaw-2830	360	45	that	that	SCONJ
taxlaw-2830	360	46	we	we	PRON
taxlaw-2830	360	47	will	will	AUX
taxlaw-2830	360	48	be	be	AUX
taxlaw-2830	360	49	treated	treat	VERB
taxlaw-2830	360	50	as	as	ADP
taxlaw-2830	360	51	a	a	DET
taxlaw-2830	360	52	partnership	partnership	NOUN
taxlaw-2830	360	53	and	and	CCONJ
taxlaw-2830	360	54	not	not	PART
taxlaw-2830	360	55	as	as	ADP
taxlaw-2830	360	56	an	an	DET
taxlaw-2830	360	57	association	association	NOUN
taxlaw-2830	360	58	or	or	CCONJ
taxlaw-2830	360	59	publicly	publicly	ADV
taxlaw-2830	360	60	traded	trade	VERB
taxlaw-2830	360	61	partnership	partnership	NOUN
taxlaw-2830	360	62	(	(	PUNCT
taxlaw-2830	360	63	within	within	ADP
taxlaw-2830	360	64	the	the	DET
taxlaw-2830	360	65	meaning	meaning	NOUN
taxlaw-2830	360	66	of	of	ADP
taxlaw-2830	360	67	section	section	NOUN
taxlaw-2830	360	68	7704	7704	NUM
taxlaw-2830	360	69	of	of	ADP
taxlaw-2830	360	70	the	the	DET
taxlaw-2830	360	71	code	code	NOUN
taxlaw-2830	360	72	)	)	PUNCT
taxlaw-2830	360	73	subject	subject	NOUN
taxlaw-2830	360	74	to	to	ADP
taxlaw-2830	360	75	tax	tax	NOUN
taxlaw-2830	360	76	as	as	ADP
taxlaw-2830	360	77	a	a	DET
taxlaw-2830	360	78	corporation	corporation	NOUN
taxlaw-2830	360	79	for	for	ADP
taxlaw-2830	360	80	u.s	u.s	PROPN
taxlaw-2830	360	81	.	.	PROPN
taxlaw-2830	360	82	federal	federal	ADJ
taxlaw-2830	360	83	income	income	NOUN
taxlaw-2830	360	84	tax	tax	NOUN
taxlaw-2830	360	85	purposes.‖	purposes.‖	NOUN
taxlaw-2830	360	86	)	)	PUNCT
taxlaw-2830	360	87	.	.	PUNCT
taxlaw-2830	361	1	2015	2015	NUM
taxlaw-2830	361	2	]	]	PUNCT
taxlaw-2830	361	3	taxing	tax	VERB
taxlaw-2830	361	4	publicly	publicly	ADV
taxlaw-2830	361	5	traded	trade	VERB
taxlaw-2830	361	6	entities	entity	NOUN
taxlaw-2830	361	7	159	159	NUM
taxlaw-2830	361	8	classified	classify	VERB
taxlaw-2830	361	9	as	as	ADP
taxlaw-2830	361	10	capital	capital	NOUN
taxlaw-2830	361	11	gain	gain	NOUN
taxlaw-2830	361	12	.	.	PUNCT
taxlaw-2830	362	1	as	as	ADP
taxlaw-2830	362	2	a	a	DET
taxlaw-2830	362	3	result	result	NOUN
taxlaw-2830	362	4	of	of	ADP
taxlaw-2830	362	5	this	this	DET
taxlaw-2830	362	6	transaction	transaction	NOUN
taxlaw-2830	362	7	,	,	PUNCT
taxlaw-2830	362	8	some	some	PRON
taxlaw-2830	362	9	of	of	ADP
taxlaw-2830	362	10	the	the	DET
taxlaw-2830	362	11	carried	carry	VERB
taxlaw-2830	362	12	interest	interest	NOUN
taxlaw-2830	362	13	allocated	allocate	VERB
taxlaw-2830	362	14	to	to	ADP
taxlaw-2830	362	15	the	the	DET
taxlaw-2830	362	16	blackstone	blackstone	NOUN
taxlaw-2830	362	17	firm	firm	NOUN
taxlaw-2830	362	18	will	will	AUX
taxlaw-2830	362	19	receive	receive	VERB
taxlaw-2830	362	20	capital	capital	NOUN
taxlaw-2830	362	21	gain	gain	NOUN
taxlaw-2830	362	22	treatment	treatment	NOUN
taxlaw-2830	362	23	.	.	PUNCT
taxlaw-2830	363	1	63	63	NUM
taxlaw-2830	363	2	therefore	therefore	ADV
taxlaw-2830	363	3	,	,	PUNCT
taxlaw-2830	363	4	some	some	PRON
taxlaw-2830	363	5	of	of	ADP
taxlaw-2830	363	6	the	the	DET
taxlaw-2830	363	7	income	income	NOUN
taxlaw-2830	363	8	earned	earn	VERB
taxlaw-2830	363	9	by	by	ADP
taxlaw-2830	363	10	blackstone	blackstone	NOUN
taxlaw-2830	363	11	group	group	PROPN
taxlaw-2830	363	12	l.p	l.p	PROPN
taxlaw-2830	363	13	.	.	PROPN
taxlaw-2830	363	14	will	will	AUX
taxlaw-2830	363	15	be	be	AUX
taxlaw-2830	363	16	classified	classify	VERB
taxlaw-2830	363	17	as	as	ADP
taxlaw-2830	363	18	capital	capital	NOUN
taxlaw-2830	363	19	gain	gain	NOUN
taxlaw-2830	363	20	and	and	CCONJ
taxlaw-2830	363	21	thus	thus	ADV
taxlaw-2830	363	22	constitutes	constitute	VERB
taxlaw-2830	363	23	qualifying	qualify	VERB
taxlaw-2830	363	24	income	income	NOUN
taxlaw-2830	363	25	.	.	PUNCT
taxlaw-2830	364	1	64	64	NUM
taxlaw-2830	364	2	any	any	DET
taxlaw-2830	364	3	carried	carry	VERB
taxlaw-2830	364	4	interest	interest	NOUN
taxlaw-2830	364	5	to	to	PART
taxlaw-2830	364	6	which	which	PRON
taxlaw-2830	364	7	blackstone	blackstone	NOUN
taxlaw-2830	364	8	group	group	NOUN
taxlaw-2830	364	9	l.p	l.p	PROPN
taxlaw-2830	364	10	.	.	PROPN
taxlaw-2830	364	11	is	be	AUX
taxlaw-2830	364	12	entitled	entitle	VERB
taxlaw-2830	364	13	that	that	PRON
taxlaw-2830	364	14	is	be	AUX
taxlaw-2830	364	15	already	already	ADV
taxlaw-2830	364	16	qualifying	qualify	VERB
taxlaw-2830	364	17	income	income	NOUN
taxlaw-2830	364	18	will	will	AUX
taxlaw-2830	364	19	be	be	AUX
taxlaw-2830	364	20	earned	earn	VERB
taxlaw-2830	364	21	by	by	ADP
taxlaw-2830	364	22	blackstone	blackstone	NOUN
taxlaw-2830	364	23	group	group	PROPN
taxlaw-2830	364	24	l.p	l.p	PROPN
taxlaw-2830	364	25	.	.	PROPN
taxlaw-2830	364	26	through	through	ADP
taxlaw-2830	364	27	pass	pass	VERB
taxlaw-2830	364	28	-	-	PUNCT
taxlaw-2830	364	29	through	through	ADP
taxlaw-2830	364	30	entities	entity	NOUN
taxlaw-2830	364	31	so	so	SCONJ
taxlaw-2830	364	32	that	that	SCONJ
taxlaw-2830	364	33	the	the	DET
taxlaw-2830	364	34	income	income	NOUN
taxlaw-2830	364	35	retains	retain	VERB
taxlaw-2830	364	36	its	its	PRON
taxlaw-2830	364	37	classification	classification	NOUN
taxlaw-2830	364	38	as	as	ADP
taxlaw-2830	364	39	qualifying	qualify	VERB
taxlaw-2830	364	40	income	income	NOUN
taxlaw-2830	364	41	(	(	PUNCT
taxlaw-2830	364	42	just	just	ADV
taxlaw-2830	364	43	as	as	SCONJ
taxlaw-2830	364	44	qualifying	qualify	VERB
taxlaw-2830	364	45	income	income	NOUN
taxlaw-2830	364	46	is	be	AUX
taxlaw-2830	364	47	earned	earn	VERB
taxlaw-2830	364	48	directly	directly	ADV
taxlaw-2830	364	49	by	by	ADP
taxlaw-2830	364	50	the	the	DET
taxlaw-2830	364	51	publicly	publicly	ADV
taxlaw-2830	364	52	traded	trade	VERB
taxlaw-2830	364	53	partnership	partnership	NOUN
taxlaw-2830	364	54	in	in	ADP
taxlaw-2830	364	55	figure	figure	NOUN
taxlaw-2830	364	56	1	1	NUM
taxlaw-2830	364	57	)	)	PUNCT
taxlaw-2830	364	58	.	.	PUNCT
taxlaw-2830	365	1	65	65	NUM
taxlaw-2830	365	2	blackstone	blackstone	NOUN
taxlaw-2830	365	3	group	group	NOUN
taxlaw-2830	365	4	l.p	l.p	PROPN
taxlaw-2830	365	5	.	.	PROPN
taxlaw-2830	365	6	is	be	AUX
taxlaw-2830	365	7	entitled	entitle	VERB
taxlaw-2830	365	8	to	to	PART
taxlaw-2830	365	9	receive	receive	VERB
taxlaw-2830	365	10	some	some	DET
taxlaw-2830	365	11	non	non	ADJ
taxlaw-2830	365	12	-	-	ADJ
taxlaw-2830	365	13	qualifying	qualifying	ADJ
taxlaw-2830	365	14	income	income	NOUN
taxlaw-2830	365	15	.	.	PUNCT
taxlaw-2830	366	1	for	for	ADP
taxlaw-2830	366	2	instance	instance	NOUN
taxlaw-2830	366	3	,	,	PUNCT
taxlaw-2830	366	4	management	management	NOUN
taxlaw-2830	366	5	fees	fee	NOUN
taxlaw-2830	366	6	are	be	AUX
taxlaw-2830	366	7	non	non	ADJ
taxlaw-2830	366	8	-	-	ADJ
taxlaw-2830	366	9	qualifying	qualifying	ADJ
taxlaw-2830	366	10	income	income	NOUN
taxlaw-2830	366	11	.	.	PUNCT
taxlaw-2830	367	1	in	in	ADP
taxlaw-2830	367	2	addition	addition	NOUN
taxlaw-2830	367	3	,	,	PUNCT
taxlaw-2830	367	4	some	some	DET
taxlaw-2830	367	5	carried	carry	VERB
taxlaw-2830	367	6	interest	interest	NOUN
taxlaw-2830	367	7	earned	earn	VERB
taxlaw-2830	367	8	by	by	ADP
taxlaw-2830	367	9	blackstone	blackstone	NOUN
taxlaw-2830	367	10	group	group	PROPN
taxlaw-2830	367	11	l.p	l.p	PROPN
taxlaw-2830	367	12	.	.	PROPN
taxlaw-2830	367	13	is	be	AUX
taxlaw-2830	367	14	non	non	ADJ
taxlaw-2830	367	15	-	-	ADJ
taxlaw-2830	367	16	qualifying	qualifying	ADJ
taxlaw-2830	367	17	income	income	NOUN
taxlaw-2830	367	18	if	if	SCONJ
taxlaw-2830	367	19	,	,	PUNCT
taxlaw-2830	367	20	for	for	ADP
taxlaw-2830	367	21	instance	instance	NOUN
taxlaw-2830	367	22	,	,	PUNCT
taxlaw-2830	367	23	the	the	DET
taxlaw-2830	367	24	blackstone	blackstone	NOUN
taxlaw-2830	367	25	firm	firm	NOUN
taxlaw-2830	367	26	sponsors	sponsor	VERB
taxlaw-2830	367	27	a	a	DET
taxlaw-2830	367	28	fund	fund	NOUN
taxlaw-2830	367	29	that	that	PRON
taxlaw-2830	367	30	earns	earn	VERB
taxlaw-2830	367	31	income	income	NOUN
taxlaw-2830	367	32	from	from	ADP
taxlaw-2830	367	33	providing	provide	VERB
taxlaw-2830	367	34	services	service	NOUN
taxlaw-2830	367	35	and	and	CCONJ
taxlaw-2830	367	36	allocates	allocate	VERB
taxlaw-2830	367	37	some	some	PRON
taxlaw-2830	367	38	of	of	ADP
taxlaw-2830	367	39	that	that	DET
taxlaw-2830	367	40	income	income	NOUN
taxlaw-2830	367	41	to	to	ADP
taxlaw-2830	367	42	the	the	DET
taxlaw-2830	367	43	blackstone	blackstone	NOUN
taxlaw-2830	367	44	firm	firm	NOUN
taxlaw-2830	367	45	as	as	SCONJ
taxlaw-2830	367	46	carried	carry	VERB
taxlaw-2830	367	47	interest	interest	NOUN
taxlaw-2830	367	48	.	.	PUNCT
taxlaw-2830	368	1	rather	rather	ADV
taxlaw-2830	368	2	than	than	ADP
taxlaw-2830	368	3	earning	earn	VERB
taxlaw-2830	368	4	nonqualifying	nonqualifye	VERB
taxlaw-2830	368	5	income	income	NOUN
taxlaw-2830	368	6	directly	directly	ADV
taxlaw-2830	368	7	or	or	CCONJ
taxlaw-2830	368	8	through	through	ADP
taxlaw-2830	368	9	pass	pass	VERB
taxlaw-2830	368	10	-	-	PUNCT
taxlaw-2830	368	11	through	through	ADP
taxlaw-2830	368	12	entities	entity	NOUN
taxlaw-2830	368	13	,	,	PUNCT
taxlaw-2830	368	14	blackstone	blackstone	NOUN
taxlaw-2830	368	15	group	group	PROPN
taxlaw-2830	368	16	l.p	l.p	PROPN
taxlaw-2830	368	17	.	.	PROPN
taxlaw-2830	368	18	earns	earn	VERB
taxlaw-2830	368	19	any	any	DET
taxlaw-2830	368	20	non	non	ADJ
taxlaw-2830	368	21	-	-	ADJ
taxlaw-2830	368	22	qualifying	qualifying	ADJ
taxlaw-2830	368	23	income	income	NOUN
taxlaw-2830	368	24	through	through	ADP
taxlaw-2830	368	25	subsidiaries	subsidiary	NOUN
taxlaw-2830	368	26	that	that	PRON
taxlaw-2830	368	27	are	be	AUX
taxlaw-2830	368	28	treated	treat	VERB
taxlaw-2830	368	29	as	as	ADP
taxlaw-2830	368	30	corporations	corporation	NOUN
taxlaw-2830	368	31	for	for	ADP
taxlaw-2830	368	32	u.s	u.s	PROPN
taxlaw-2830	368	33	.	.	PROPN
taxlaw-2830	368	34	tax	tax	NOUN
taxlaw-2830	368	35	purposes	purpose	NOUN
taxlaw-2830	368	36	(	(	PUNCT
taxlaw-2830	368	37	just	just	ADV
taxlaw-2830	368	38	as	as	SCONJ
taxlaw-2830	368	39	the	the	DET
taxlaw-2830	368	40	publicly	publicly	ADV
taxlaw-2830	368	41	traded	trade	VERB
taxlaw-2830	368	42	partnership	partnership	NOUN
taxlaw-2830	368	43	in	in	ADP
taxlaw-2830	368	44	figure	figure	NOUN
taxlaw-2830	368	45	1	1	NUM
taxlaw-2830	368	46	earns	earn	VERB
taxlaw-2830	368	47	any	any	DET
taxlaw-2830	368	48	non	non	ADJ
taxlaw-2830	368	49	-	-	ADJ
taxlaw-2830	368	50	qualifying	qualifying	ADJ
taxlaw-2830	368	51	income	income	NOUN
taxlaw-2830	368	52	through	through	ADP
taxlaw-2830	368	53	u.s	u.s	PROPN
taxlaw-2830	368	54	.	.	PROPN
taxlaw-2830	368	55	subsidiary	subsidiary	PROPN
taxlaw-2830	368	56	and	and	CCONJ
taxlaw-2830	368	57	non	non	ADJ
taxlaw-2830	368	58	-	-	ADJ
taxlaw-2830	368	59	u.s	u.s	PROPN
taxlaw-2830	368	60	.	.	PROPN
taxlaw-2830	368	61	subsidiary	subsidiary	NOUN
taxlaw-2830	368	62	)	)	PUNCT
taxlaw-2830	368	63	.	.	PUNCT
taxlaw-2830	369	1	66	66	NUM
taxlaw-2830	369	2	because	because	SCONJ
taxlaw-2830	369	3	these	these	DET
taxlaw-2830	369	4	subsidiaries	subsidiary	NOUN
taxlaw-2830	369	5	are	be	AUX
taxlaw-2830	369	6	corporations	corporation	NOUN
taxlaw-2830	369	7	for	for	ADP
taxlaw-2830	369	8	u.s	u.s	PROPN
taxlaw-2830	369	9	.	.	PROPN
taxlaw-2830	369	10	tax	tax	NOUN
taxlaw-2830	369	11	purposes	purpose	NOUN
taxlaw-2830	369	12	,	,	PUNCT
taxlaw-2830	369	13	when	when	SCONJ
taxlaw-2830	369	14	blackstone	blackstone	PROPN
taxlaw-2830	369	15	group	group	PROPN
taxlaw-2830	369	16	l.p	l.p	PROPN
taxlaw-2830	369	17	.	.	PROPN
taxlaw-2830	369	18	receives	receive	VERB
taxlaw-2830	369	19	distributions	distribution	NOUN
taxlaw-2830	369	20	from	from	ADP
taxlaw-2830	369	21	the	the	DET
taxlaw-2830	369	22	subsidiaries	subsidiary	NOUN
taxlaw-2830	369	23	,	,	PUNCT
taxlaw-2830	369	24	blackstone	blackstone	NOUN
taxlaw-2830	369	25	group	group	PROPN
taxlaw-2830	369	26	l.p	l.p	PROPN
taxlaw-2830	369	27	.	.	PROPN
taxlaw-2830	369	28	recognizes	recognize	VERB
taxlaw-2830	369	29	qualifying	qualify	VERB
taxlaw-2830	369	30	income	income	NOUN
taxlaw-2830	369	31	in	in	ADP
taxlaw-2830	369	32	the	the	DET
taxlaw-2830	369	33	form	form	NOUN
taxlaw-2830	369	34	of	of	ADP
taxlaw-2830	369	35	dividend	dividend	NOUN
taxlaw-2830	369	36	income	income	NOUN
taxlaw-2830	369	37	or	or	CCONJ
taxlaw-2830	369	38	capital	capital	NOUN
taxlaw-2830	369	39	gain	gain	NOUN
taxlaw-2830	369	40	.	.	PUNCT
taxlaw-2830	370	1	67	67	NUM
taxlaw-2830	371	1	thus	thus	ADV
taxlaw-2830	371	2	,	,	PUNCT
taxlaw-2830	371	3	by	by	ADP
taxlaw-2830	371	4	funneling	funnel	VERB
taxlaw-2830	371	5	any	any	DET
taxlaw-2830	371	6	non	non	ADJ
taxlaw-2830	371	7	-	-	ADJ
taxlaw-2830	371	8	qualifying	qualifying	ADJ
taxlaw-2830	371	9	income	income	NOUN
taxlaw-2830	371	10	through	through	ADP
taxlaw-2830	371	11	these	these	DET
taxlaw-2830	371	12	subsidiaries	subsidiary	NOUN
taxlaw-2830	371	13	,	,	PUNCT
taxlaw-2830	371	14	blackstone	blackstone	NOUN
taxlaw-2830	371	15	group	group	PROPN
taxlaw-2830	371	16	l.p	l.p	PROPN
taxlaw-2830	371	17	.	.	PROPN
taxlaw-2830	371	18	effectively	effectively	ADV
taxlaw-2830	371	19	converts	convert	VERB
taxlaw-2830	371	20	what	what	PRON
taxlaw-2830	371	21	would	would	AUX
taxlaw-2830	371	22	otherwise	otherwise	ADV
taxlaw-2830	371	23	be	be	AUX
taxlaw-2830	371	24	non	non	ADJ
taxlaw-2830	371	25	-	-	ADJ
taxlaw-2830	371	26	qualifying	qualifying	ADJ
taxlaw-2830	371	27	income	income	NOUN
taxlaw-2830	371	28	into	into	ADP
taxlaw-2830	371	29	qualifying	qualify	VERB
taxlaw-2830	371	30	income	income	NOUN
taxlaw-2830	371	31	.	.	PUNCT
taxlaw-2830	372	1	some	some	PRON
taxlaw-2830	372	2	of	of	ADP
taxlaw-2830	372	3	the	the	DET
taxlaw-2830	372	4	corporate	corporate	ADJ
taxlaw-2830	372	5	subsidiaries	subsidiary	NOUN
taxlaw-2830	372	6	are	be	AUX
taxlaw-2830	372	7	formed	form	VERB
taxlaw-2830	372	8	in	in	ADP
taxlaw-2830	372	9	the	the	DET
taxlaw-2830	372	10	united	united	PROPN
taxlaw-2830	372	11	states	states	PROPN
taxlaw-2830	372	12	and	and	CCONJ
taxlaw-2830	372	13	,	,	PUNCT
taxlaw-2830	372	14	thus	thus	ADV
taxlaw-2830	372	15	,	,	PUNCT
taxlaw-2830	372	16	are	be	AUX
taxlaw-2830	372	17	treated	treat	VERB
taxlaw-2830	372	18	as	as	ADP
taxlaw-2830	372	19	u.s	u.s	PROPN
taxlaw-2830	372	20	.	.	PROPN
taxlaw-2830	372	21	corporations	corporation	NOUN
taxlaw-2830	372	22	for	for	ADP
taxlaw-2830	372	23	tax	tax	NOUN
taxlaw-2830	372	24	purposes	purpose	NOUN
taxlaw-2830	372	25	(	(	PUNCT
taxlaw-2830	372	26	like	like	ADP
taxlaw-2830	372	27	u.s	u.s	PROPN
taxlaw-2830	372	28	.	.	PROPN
taxlaw-2830	372	29	subsidiary	subsidiary	NOUN
taxlaw-2830	372	30	in	in	ADP
taxlaw-2830	372	31	figure	figure	NOUN
taxlaw-2830	372	32	1	1	NUM
taxlaw-2830	372	33	)	)	PUNCT
taxlaw-2830	372	34	.	.	PUNCT
taxlaw-2830	373	1	68	68	NUM
taxlaw-2830	373	2	these	these	DET
taxlaw-2830	373	3	subsidiaries	subsidiary	NOUN
taxlaw-2830	373	4	are	be	AUX
taxlaw-2830	373	5	subject	subject	ADJ
taxlaw-2830	373	6	to	to	ADP
taxlaw-2830	373	7	corporate	corporate	ADJ
taxlaw-2830	373	8	-	-	PUNCT
taxlaw-2830	373	9	level	level	NOUN
taxlaw-2830	373	10	tax	tax	NOUN
taxlaw-2830	373	11	on	on	ADP
taxlaw-2830	373	12	the	the	DET
taxlaw-2830	373	13	income	income	NOUN
taxlaw-2830	373	14	they	they	PRON
taxlaw-2830	373	15	earn	earn	VERB
taxlaw-2830	373	16	.	.	PUNCT
taxlaw-2830	374	1	however	however	ADV
taxlaw-2830	374	2	,	,	PUNCT
taxlaw-2830	374	3	blackstone	blackstone	NOUN
taxlaw-2830	374	4	group	group	PROPN
taxlaw-2830	374	5	l.p	l.p	PROPN
taxlaw-2830	374	6	.	.	PROPN
taxlaw-2830	374	7	‘s	‘	NOUN
taxlaw-2830	374	8	offering	offer	VERB
taxlaw-2830	374	9	documents	document	NOUN
taxlaw-2830	374	10	leave	leave	VERB
taxlaw-2830	374	11	open	open	ADJ
taxlaw-2830	374	12	the	the	DET
taxlaw-2830	374	13	possibility	possibility	NOUN
taxlaw-2830	374	14	that	that	SCONJ
taxlaw-2830	374	15	blackstone	blackstone	NOUN
taxlaw-2830	374	16	group	group	NOUN
taxlaw-2830	374	17	l.p	l.p	PROPN
taxlaw-2830	374	18	.	.	PROPN
taxlaw-2830	374	19	could	could	AUX
taxlaw-2830	374	20	loan	loan	VERB
taxlaw-2830	374	21	funds	fund	NOUN
taxlaw-2830	374	22	to	to	ADP
taxlaw-2830	374	23	these	these	DET
taxlaw-2830	374	24	subsidiaries	subsidiary	NOUN
taxlaw-2830	374	25	and	and	CCONJ
taxlaw-2830	374	26	charge	charge	VERB
taxlaw-2830	374	27	them	they	PRON
taxlaw-2830	374	28	interest	interest	NOUN
taxlaw-2830	374	29	.	.	PUNCT
taxlaw-2830	375	1	69	69	NUM
taxlaw-2830	376	1	the	the	DET
taxlaw-2830	376	2	interest	interest	NOUN
taxlaw-2830	376	3	63	63	NUM
taxlaw-2830	376	4	carried	carry	VERB
taxlaw-2830	376	5	interest	interest	NOUN
taxlaw-2830	376	6	is	be	AUX
taxlaw-2830	376	7	structured	structure	VERB
taxlaw-2830	376	8	as	as	ADP
taxlaw-2830	376	9	a	a	DET
taxlaw-2830	376	10	partnership	partnership	NOUN
taxlaw-2830	376	11	interest	interest	NOUN
taxlaw-2830	376	12	that	that	PRON
taxlaw-2830	376	13	entitles	entitle	VERB
taxlaw-2830	376	14	its	its	PRON
taxlaw-2830	376	15	holder	holder	NOUN
taxlaw-2830	376	16	to	to	PART
taxlaw-2830	376	17	receive	receive	VERB
taxlaw-2830	376	18	profits	profit	NOUN
taxlaw-2830	376	19	earned	earn	VERB
taxlaw-2830	376	20	by	by	ADP
taxlaw-2830	376	21	a	a	DET
taxlaw-2830	376	22	partnership	partnership	NOUN
taxlaw-2830	376	23	.	.	PUNCT
taxlaw-2830	377	1	consequently	consequently	ADV
taxlaw-2830	377	2	,	,	PUNCT
taxlaw-2830	377	3	the	the	DET
taxlaw-2830	377	4	person	person	NOUN
taxlaw-2830	377	5	or	or	CCONJ
taxlaw-2830	377	6	entity	entity	NOUN
taxlaw-2830	377	7	that	that	PRON
taxlaw-2830	377	8	holds	hold	VERB
taxlaw-2830	377	9	the	the	DET
taxlaw-2830	377	10	right	right	NOUN
taxlaw-2830	377	11	to	to	PART
taxlaw-2830	377	12	carried	carry	VERB
taxlaw-2830	377	13	interest	interest	NOUN
taxlaw-2830	377	14	will	will	AUX
taxlaw-2830	377	15	be	be	AUX
taxlaw-2830	377	16	allocated	allocate	VERB
taxlaw-2830	377	17	a	a	DET
taxlaw-2830	377	18	share	share	NOUN
taxlaw-2830	377	19	of	of	ADP
taxlaw-2830	377	20	income	income	NOUN
taxlaw-2830	377	21	earned	earn	VERB
taxlaw-2830	377	22	by	by	ADP
taxlaw-2830	377	23	the	the	DET
taxlaw-2830	377	24	partnership	partnership	NOUN
taxlaw-2830	377	25	.	.	PUNCT
taxlaw-2830	378	1	moreover	moreover	ADV
taxlaw-2830	378	2	,	,	PUNCT
taxlaw-2830	378	3	because	because	SCONJ
taxlaw-2830	378	4	the	the	DET
taxlaw-2830	378	5	character	character	NOUN
taxlaw-2830	378	6	of	of	ADP
taxlaw-2830	378	7	income	income	NOUN
taxlaw-2830	378	8	allocated	allocate	VERB
taxlaw-2830	378	9	to	to	ADP
taxlaw-2830	378	10	a	a	DET
taxlaw-2830	378	11	partner	partner	NOUN
taxlaw-2830	378	12	depends	depend	VERB
taxlaw-2830	378	13	on	on	ADP
taxlaw-2830	378	14	the	the	DET
taxlaw-2830	378	15	character	character	NOUN
taxlaw-2830	378	16	of	of	ADP
taxlaw-2830	378	17	income	income	NOUN
taxlaw-2830	378	18	earned	earn	VERB
taxlaw-2830	378	19	by	by	ADP
taxlaw-2830	378	20	the	the	DET
taxlaw-2830	378	21	partnership	partnership	NOUN
taxlaw-2830	378	22	,	,	PUNCT
taxlaw-2830	378	23	the	the	DET
taxlaw-2830	378	24	character	character	NOUN
taxlaw-2830	378	25	of	of	ADP
taxlaw-2830	378	26	carried	carry	VERB
taxlaw-2830	378	27	interest	interest	NOUN
taxlaw-2830	378	28	depends	depend	VERB
taxlaw-2830	378	29	on	on	ADP
taxlaw-2830	378	30	the	the	DET
taxlaw-2830	378	31	type	type	NOUN
taxlaw-2830	378	32	of	of	ADP
taxlaw-2830	378	33	underlying	underlie	VERB
taxlaw-2830	378	34	partnership	partnership	NOUN
taxlaw-2830	378	35	income	income	NOUN
taxlaw-2830	378	36	allocated	allocate	VERB
taxlaw-2830	378	37	to	to	ADP
taxlaw-2830	378	38	the	the	DET
taxlaw-2830	378	39	person	person	NOUN
taxlaw-2830	378	40	or	or	CCONJ
taxlaw-2830	378	41	entity	entity	NOUN
taxlaw-2830	378	42	that	that	PRON
taxlaw-2830	378	43	receives	receive	VERB
taxlaw-2830	378	44	carried	carry	VERB
taxlaw-2830	378	45	interest	interest	NOUN
taxlaw-2830	378	46	.	.	PUNCT
taxlaw-2830	379	1	i.r.c	i.r.c	NOUN
taxlaw-2830	379	2	.	.	PUNCT
taxlaw-2830	380	1	§	§	PROPN
taxlaw-2830	380	2	702(b	702(b	PROPN
taxlaw-2830	380	3	)	)	PUNCT
taxlaw-2830	380	4	.	.	PUNCT
taxlaw-2830	381	1	64	64	NUM
taxlaw-2830	381	2	i.r.c	i.r.c	NOUN
taxlaw-2830	381	3	.	.	PUNCT
taxlaw-2830	382	1	§	§	PROPN
taxlaw-2830	382	2	7704(d)(1)(f	7704(d)(1)(f	PROPN
taxlaw-2830	382	3	)	)	PUNCT
taxlaw-2830	382	4	(	(	PUNCT
taxlaw-2830	382	5	defining	define	VERB
taxlaw-2830	382	6	qualifying	qualify	VERB
taxlaw-2830	382	7	income	income	NOUN
taxlaw-2830	382	8	to	to	PART
taxlaw-2830	382	9	generally	generally	ADV
taxlaw-2830	382	10	include	include	VERB
taxlaw-2830	382	11	capital	capital	NOUN
taxlaw-2830	382	12	gain	gain	NOUN
taxlaw-2830	382	13	)	)	PUNCT
taxlaw-2830	382	14	.	.	PUNCT
taxlaw-2830	383	1	65	65	NUM
taxlaw-2830	383	2	blackstone	blackstone	NOUN
taxlaw-2830	383	3	s-1	s-1	PROPN
taxlaw-2830	383	4	,	,	PUNCT
taxlaw-2830	383	5	supra	supra	PROPN
taxlaw-2830	383	6	note	note	NOUN
taxlaw-2830	383	7	59	59	NUM
taxlaw-2830	383	8	at	at	ADP
taxlaw-2830	383	9	203	203	NUM
taxlaw-2830	383	10	(	(	PUNCT
taxlaw-2830	383	11	stating	state	VERB
taxlaw-2830	383	12	that	that	SCONJ
taxlaw-2830	383	13	the	the	DET
taxlaw-2830	383	14	subsidiaries	subsidiary	NOUN
taxlaw-2830	383	15	of	of	ADP
taxlaw-2830	383	16	blackstone	blackstone	NOUN
taxlaw-2830	383	17	group	group	PROPN
taxlaw-2830	383	18	l.p	l.p	PROPN
taxlaw-2830	383	19	.	.	PROPN
taxlaw-2830	383	20	that	that	PRON
taxlaw-2830	383	21	are	be	AUX
taxlaw-2830	383	22	treated	treat	VERB
taxlaw-2830	383	23	as	as	ADP
taxlaw-2830	383	24	disregarded	disregard	VERB
taxlaw-2830	383	25	entities	entity	NOUN
taxlaw-2830	383	26	for	for	ADP
taxlaw-2830	383	27	tax	tax	NOUN
taxlaw-2830	383	28	purposes	purpose	NOUN
taxlaw-2830	383	29	–	–	PUNCT
taxlaw-2830	383	30	blackstone	blackstone	NOUN
taxlaw-2830	383	31	holdings	holding	NOUN
taxlaw-2830	383	32	iii	iii	PROPN
taxlaw-2830	383	33	gp	gp	NOUN
taxlaw-2830	383	34	l.p	l.p	PROPN
taxlaw-2830	383	35	.	.	PROPN
taxlaw-2830	383	36	and	and	CCONJ
taxlaw-2830	383	37	blackstone	blackstone	NOUN
taxlaw-2830	383	38	holdings	holding	NOUN
taxlaw-2830	383	39	iv	iv	X
taxlaw-2830	383	40	gp	gp	NOUN
taxlaw-2830	383	41	l.p	l.p	PROPN
taxlaw-2830	383	42	.	.	PROPN
taxlaw-2830	383	43	–	–	PUNCT
taxlaw-2830	383	44	―will	―will	PRON
taxlaw-2830	383	45	invest	invest	VERB
taxlaw-2830	383	46	directly	directly	ADV
taxlaw-2830	383	47	or	or	CCONJ
taxlaw-2830	383	48	indirectly	indirectly	ADV
taxlaw-2830	383	49	in	in	ADP
taxlaw-2830	383	50	a	a	DET
taxlaw-2830	383	51	variety	variety	NOUN
taxlaw-2830	383	52	of	of	ADP
taxlaw-2830	383	53	assets	asset	NOUN
taxlaw-2830	383	54	and	and	CCONJ
taxlaw-2830	383	55	otherwise	otherwise	ADV
taxlaw-2830	383	56	engage	engage	VERB
taxlaw-2830	383	57	in	in	ADP
taxlaw-2830	383	58	activities	activity	NOUN
taxlaw-2830	383	59	and	and	CCONJ
taxlaw-2830	383	60	derive	derive	ADJ
taxlaw-2830	383	61	income	income	NOUN
taxlaw-2830	383	62	that	that	PRON
taxlaw-2830	383	63	is	be	AUX
taxlaw-2830	383	64	consistent	consistent	ADJ
taxlaw-2830	383	65	with	with	ADP
taxlaw-2830	383	66	the	the	DET
taxlaw-2830	383	67	qualifying	qualify	VERB
taxlaw-2830	383	68	income	income	NOUN
taxlaw-2830	383	69	exception‖	exception‖	PROPN
taxlaw-2830	383	70	)	)	PUNCT
taxlaw-2830	383	71	.	.	PUNCT
taxlaw-2830	384	1	66	66	NUM
taxlaw-2830	385	1	i	i	PRON
taxlaw-2830	385	2	d.	d.	PROPN
taxlaw-2830	385	3	at	at	ADP
taxlaw-2830	385	4	202–04	202–04	PROPN
taxlaw-2830	385	5	(	(	PUNCT
taxlaw-2830	385	6	stating	state	VERB
taxlaw-2830	385	7	that	that	SCONJ
taxlaw-2830	385	8	blackstone	blackstone	NOUN
taxlaw-2830	385	9	group	group	NOUN
taxlaw-2830	385	10	l.p	l.p	PROPN
taxlaw-2830	385	11	.	.	PROPN
taxlaw-2830	385	12	intends	intend	VERB
taxlaw-2830	385	13	to	to	PART
taxlaw-2830	385	14	meet	meet	VERB
taxlaw-2830	385	15	the	the	DET
taxlaw-2830	385	16	qualifying	qualify	VERB
taxlaw-2830	385	17	income	income	NOUN
taxlaw-2830	385	18	exception	exception	NOUN
taxlaw-2830	385	19	in	in	ADP
taxlaw-2830	385	20	each	each	DET
taxlaw-2830	385	21	taxable	taxable	ADJ
taxlaw-2830	385	22	year	year	NOUN
taxlaw-2830	385	23	,	,	PUNCT
taxlaw-2830	385	24	and	and	CCONJ
taxlaw-2830	385	25	that	that	SCONJ
taxlaw-2830	385	26	blackstone	blackstone	NOUN
taxlaw-2830	385	27	group	group	NOUN
taxlaw-2830	385	28	l.p	l.p	PROPN
taxlaw-2830	385	29	.	.	PROPN
taxlaw-2830	385	30	owns	own	VERB
taxlaw-2830	385	31	interests	interest	NOUN
taxlaw-2830	385	32	in	in	ADP
taxlaw-2830	385	33	certain	certain	ADJ
taxlaw-2830	385	34	subsidiaries	subsidiary	NOUN
taxlaw-2830	385	35	that	that	PRON
taxlaw-2830	385	36	are	be	AUX
taxlaw-2830	385	37	treated	treat	VERB
taxlaw-2830	385	38	as	as	ADP
taxlaw-2830	385	39	u.s	u.s	PROPN
taxlaw-2830	385	40	.	.	PROPN
taxlaw-2830	385	41	corporations	corporation	NOUN
taxlaw-2830	385	42	for	for	ADP
taxlaw-2830	385	43	tax	tax	NOUN
taxlaw-2830	385	44	purposes	purpose	NOUN
taxlaw-2830	385	45	--	--	PUNCT
taxlaw-2830	385	46	such	such	ADJ
taxlaw-2830	385	47	as	as	ADP
taxlaw-2830	385	48	blackstone	blackstone	NOUN
taxlaw-2830	385	49	holdings	holding	NOUN
taxlaw-2830	385	50	i	i	PROPN
taxlaw-2830	385	51	gp	gp	PROPN
taxlaw-2830	385	52	inc	inc	PROPN
taxlaw-2830	385	53	.	.	PROPN
taxlaw-2830	385	54	however	however	ADV
taxlaw-2830	385	55	,	,	PUNCT
taxlaw-2830	385	56	blackstone	blackstone	PROPN
taxlaw-2830	385	57	group	group	PROPN
taxlaw-2830	385	58	l.p	l.p	PROPN
taxlaw-2830	385	59	.	.	PROPN
taxlaw-2830	385	60	,	,	PUNCT
taxlaw-2830	385	61	as	as	SCONJ
taxlaw-2830	385	62	the	the	DET
taxlaw-2830	385	63	holder	holder	NOUN
taxlaw-2830	385	64	of	of	ADP
taxlaw-2830	385	65	blackstone	blackstone	NOUN
taxlaw-2830	385	66	holdings	holding	NOUN
taxlaw-2830	385	67	i	i	PROPN
taxlaw-2830	385	68	gp	gp	PROPN
taxlaw-2830	385	69	inc	inc	PROPN
taxlaw-2830	385	70	.	.	PROPN
taxlaw-2830	385	71	‘s	‘s	PROPN
taxlaw-2830	385	72	common	common	ADJ
taxlaw-2830	385	73	stock	stock	NOUN
taxlaw-2830	385	74	,	,	PUNCT
taxlaw-2830	385	75	―will	―will	VERB
taxlaw-2830	385	76	not	not	PART
taxlaw-2830	385	77	be	be	AUX
taxlaw-2830	385	78	taxed	tax	VERB
taxlaw-2830	385	79	directly	directly	ADV
taxlaw-2830	385	80	on	on	ADP
taxlaw-2830	385	81	earnings	earning	NOUN
taxlaw-2830	385	82	of	of	ADP
taxlaw-2830	385	83	entities	entity	NOUN
taxlaw-2830	385	84	[	[	X
taxlaw-2830	385	85	it	it	PRON
taxlaw-2830	385	86	]	]	PUNCT
taxlaw-2830	385	87	hold[s	hold[s	VERB
taxlaw-2830	385	88	]	]	PUNCT
taxlaw-2830	385	89	through	through	ADP
taxlaw-2830	385	90	blackstone	blackstone	NOUN
taxlaw-2830	385	91	holdings	holding	NOUN
taxlaw-2830	385	92	i	i	PRON
taxlaw-2830	385	93	gp	gp	PROPN
taxlaw-2830	385	94	inc.‖	inc.‖	PROPN
taxlaw-2830	386	1	rather	rather	ADV
taxlaw-2830	386	2	,	,	PUNCT
taxlaw-2830	386	3	when	when	SCONJ
taxlaw-2830	386	4	blackstone	blackstone	NOUN
taxlaw-2830	386	5	holdings	holding	NOUN
taxlaw-2830	386	6	i	i	PROPN
taxlaw-2830	386	7	gp	gp	PROPN
taxlaw-2830	386	8	inc	inc	PROPN
taxlaw-2830	386	9	.	.	PROPN
taxlaw-2830	386	10	makes	make	VERB
taxlaw-2830	386	11	distributions	distribution	NOUN
taxlaw-2830	386	12	,	,	PUNCT
taxlaw-2830	386	13	blackstone	blackstone	NOUN
taxlaw-2830	386	14	group	group	PROPN
taxlaw-2830	386	15	l.p	l.p	PROPN
taxlaw-2830	386	16	.	.	PROPN
taxlaw-2830	386	17	will	will	AUX
taxlaw-2830	386	18	recognize	recognize	VERB
taxlaw-2830	386	19	dividend	dividend	NOUN
taxlaw-2830	386	20	income	income	NOUN
taxlaw-2830	386	21	and	and	CCONJ
taxlaw-2830	386	22	,	,	PUNCT
taxlaw-2830	386	23	potentially	potentially	ADV
taxlaw-2830	386	24	,	,	PUNCT
taxlaw-2830	386	25	capital	capital	NOUN
taxlaw-2830	386	26	gain	gain	NOUN
taxlaw-2830	386	27	.	.	PUNCT
taxlaw-2830	386	28	)	)	PUNCT
taxlaw-2830	386	29	.	.	PUNCT
taxlaw-2830	387	1	67	67	NUM
taxlaw-2830	388	1	i	i	PRON
taxlaw-2830	388	2	d.	d.	PROPN
taxlaw-2830	388	3	also	also	ADV
taxlaw-2830	388	4	,	,	PUNCT
taxlaw-2830	388	5	as	as	ADV
taxlaw-2830	388	6	long	long	ADV
taxlaw-2830	388	7	as	as	SCONJ
taxlaw-2830	388	8	the	the	DET
taxlaw-2830	388	9	subsidiary	subsidiary	NOUN
taxlaw-2830	388	10	that	that	PRON
taxlaw-2830	388	11	is	be	AUX
taxlaw-2830	388	12	formed	form	VERB
taxlaw-2830	388	13	outside	outside	ADP
taxlaw-2830	388	14	the	the	DET
taxlaw-2830	388	15	united	united	PROPN
taxlaw-2830	388	16	states	states	PROPN
taxlaw-2830	388	17	does	do	AUX
taxlaw-2830	388	18	not	not	PART
taxlaw-2830	388	19	earn	earn	VERB
taxlaw-2830	388	20	income	income	NOUN
taxlaw-2830	388	21	that	that	PRON
taxlaw-2830	388	22	would	would	AUX
taxlaw-2830	388	23	constitute	constitute	VERB
taxlaw-2830	388	24	subpart	subpart	NOUN
taxlaw-2830	388	25	f	f	PROPN
taxlaw-2830	388	26	income	income	NOUN
taxlaw-2830	388	27	,	,	PUNCT
taxlaw-2830	388	28	the	the	DET
taxlaw-2830	388	29	subpart	subpart	NOUN
taxlaw-2830	388	30	f	f	PROPN
taxlaw-2830	388	31	regime	regime	NOUN
taxlaw-2830	388	32	will	will	AUX
taxlaw-2830	388	33	not	not	PART
taxlaw-2830	388	34	apply	apply	VERB
taxlaw-2830	388	35	to	to	ADP
taxlaw-2830	388	36	income	income	NOUN
taxlaw-2830	388	37	earned	earn	VERB
taxlaw-2830	388	38	through	through	ADP
taxlaw-2830	388	39	the	the	DET
taxlaw-2830	388	40	non	non	PROPN
taxlaw-2830	388	41	-	-	ADJ
taxlaw-2830	388	42	u.s	u.s	ADJ
taxlaw-2830	388	43	.	.	PROPN
taxlaw-2830	388	44	corporate	corporate	ADJ
taxlaw-2830	388	45	subsidiary	subsidiary	NOUN
taxlaw-2830	388	46	.	.	PUNCT
taxlaw-2830	389	1	68	68	NUM
taxlaw-2830	390	1	i	i	PRON
taxlaw-2830	390	2	d.	d.	VERB
taxlaw-2830	390	3	at	at	ADP
taxlaw-2830	390	4	202	202	NUM
taxlaw-2830	390	5	-	-	SYM
taxlaw-2830	390	6	03	03	NUM
taxlaw-2830	390	7	(	(	PUNCT
taxlaw-2830	390	8	describing	describe	VERB
taxlaw-2830	390	9	two	two	NUM
taxlaw-2830	390	10	corporate	corporate	ADJ
taxlaw-2830	390	11	subsidiaries	subsidiary	NOUN
taxlaw-2830	390	12	that	that	PRON
taxlaw-2830	390	13	are	be	AUX
taxlaw-2830	390	14	formed	form	VERB
taxlaw-2830	390	15	in	in	ADP
taxlaw-2830	390	16	the	the	DET
taxlaw-2830	390	17	united	united	PROPN
taxlaw-2830	390	18	states	states	PROPN
taxlaw-2830	390	19	-	-	PUNCT
taxlaw-2830	390	20	blackstone	blackstone	NOUN
taxlaw-2830	390	21	holdings	holding	NOUN
taxlaw-2830	390	22	i	i	PROPN
taxlaw-2830	390	23	gp	gp	PROPN
taxlaw-2830	390	24	inc	inc	PROPN
taxlaw-2830	390	25	.	.	PROPN
taxlaw-2830	391	1	and	and	CCONJ
taxlaw-2830	391	2	blackstone	blackstone	PROPN
taxlaw-2830	391	3	holdings	holdings	PROPN
taxlaw-2830	391	4	ii	ii	PROPN
taxlaw-2830	391	5	gp	gp	PROPN
taxlaw-2830	391	6	inc	inc	PROPN
taxlaw-2830	391	7	.	.	PROPN
taxlaw-2830	391	8	)	)	PUNCT
taxlaw-2830	391	9	.	.	PUNCT
taxlaw-2830	392	1	69	69	NUM
taxlaw-2830	392	2	or	or	CCONJ
taxlaw-2830	392	3	,	,	PUNCT
taxlaw-2830	392	4	perhaps	perhaps	ADV
taxlaw-2830	392	5	a	a	DET
taxlaw-2830	392	6	disregarded	disregarded	ADJ
taxlaw-2830	392	7	entity	entity	NOUN
taxlaw-2830	392	8	owned	own	VERB
taxlaw-2830	392	9	by	by	ADP
taxlaw-2830	392	10	blackstone	blackstone	NOUN
taxlaw-2830	392	11	group	group	PROPN
taxlaw-2830	392	12	l.p	l.p	PROPN
taxlaw-2830	392	13	.	.	PROPN
taxlaw-2830	392	14	could	could	AUX
taxlaw-2830	392	15	loan	loan	VERB
taxlaw-2830	392	16	money	money	NOUN
taxlaw-2830	392	17	to	to	ADP
taxlaw-2830	392	18	a	a	DET
taxlaw-2830	392	19	corporate	corporate	ADJ
taxlaw-2830	392	20	subsidiary	subsidiary	NOUN
taxlaw-2830	392	21	,	,	PUNCT
taxlaw-2830	392	22	with	with	ADP
taxlaw-2830	392	23	the	the	DET
taxlaw-2830	392	24	same	same	ADJ
taxlaw-2830	392	25	tax	tax	NOUN
taxlaw-2830	392	26	effect	effect	NOUN
taxlaw-2830	392	27	as	as	ADP
taxlaw-2830	392	28	a	a	DET
taxlaw-2830	392	29	direct	direct	ADJ
taxlaw-2830	392	30	loan	loan	NOUN
taxlaw-2830	392	31	from	from	ADP
taxlaw-2830	392	32	blackstone	blackstone	PROPN
taxlaw-2830	392	33	group	group	PROPN
taxlaw-2830	392	34	l.p	l.p	PROPN
taxlaw-2830	392	35	.	.	PROPN
taxlaw-2830	392	36	see	see	VERB
taxlaw-2830	393	1	i	i	PRON
taxlaw-2830	393	2	d.	d.	PROPN
taxlaw-2830	393	3	at	at	ADP
taxlaw-2830	393	4	61	61	NUM
taxlaw-2830	393	5	columbia	columbia	PROPN
taxlaw-2830	393	6	journal	journal	NOUN
taxlaw-2830	393	7	of	of	ADP
taxlaw-2830	393	8	tax	tax	NOUN
taxlaw-2830	393	9	law	law	NOUN
taxlaw-2830	393	10	[	[	X
taxlaw-2830	393	11	vol.6:147	vol.6:147	PROPN
taxlaw-2830	393	12	160	160	NUM
taxlaw-2830	393	13	received	receive	VERB
taxlaw-2830	393	14	by	by	ADP
taxlaw-2830	393	15	blackstone	blackstone	NOUN
taxlaw-2830	393	16	group	group	PROPN
taxlaw-2830	393	17	l.p	l.p	PROPN
taxlaw-2830	393	18	.	.	PROPN
taxlaw-2830	393	19	would	would	AUX
taxlaw-2830	393	20	be	be	AUX
taxlaw-2830	393	21	qualifying	qualify	VERB
taxlaw-2830	393	22	income	income	NOUN
taxlaw-2830	393	23	and	and	CCONJ
taxlaw-2830	393	24	thus	thus	ADV
taxlaw-2830	393	25	,	,	PUNCT
taxlaw-2830	393	26	would	would	AUX
taxlaw-2830	393	27	not	not	PART
taxlaw-2830	393	28	jeopardize	jeopardize	VERB
taxlaw-2830	393	29	its	its	PRON
taxlaw-2830	393	30	ability	ability	NOUN
taxlaw-2830	393	31	to	to	PART
taxlaw-2830	393	32	qualify	qualify	VERB
taxlaw-2830	393	33	for	for	ADP
taxlaw-2830	393	34	exemption	exemption	NOUN
taxlaw-2830	393	35	from	from	ADP
taxlaw-2830	393	36	corporate	corporate	ADJ
taxlaw-2830	393	37	tax	tax	NOUN
taxlaw-2830	393	38	treatment	treatment	NOUN
taxlaw-2830	393	39	.	.	PUNCT
taxlaw-2830	394	1	70	70	NUM
taxlaw-2830	394	2	at	at	ADP
taxlaw-2830	394	3	the	the	DET
taxlaw-2830	394	4	same	same	ADJ
taxlaw-2830	394	5	time	time	NOUN
taxlaw-2830	394	6	,	,	PUNCT
taxlaw-2830	394	7	the	the	DET
taxlaw-2830	394	8	subsidiaries	subsidiary	NOUN
taxlaw-2830	394	9	can	can	AUX
taxlaw-2830	394	10	deduct	deduct	VERB
taxlaw-2830	394	11	the	the	DET
taxlaw-2830	394	12	interest	interest	NOUN
taxlaw-2830	394	13	when	when	SCONJ
taxlaw-2830	394	14	computing	compute	VERB
taxlaw-2830	394	15	their	their	PRON
taxlaw-2830	394	16	taxable	taxable	ADJ
taxlaw-2830	394	17	income	income	NOUN
taxlaw-2830	394	18	,	,	PUNCT
taxlaw-2830	394	19	reducing	reduce	VERB
taxlaw-2830	394	20	the	the	DET
taxlaw-2830	394	21	amount	amount	NOUN
taxlaw-2830	394	22	of	of	ADP
taxlaw-2830	394	23	non	non	ADJ
taxlaw-2830	394	24	-	-	ADJ
taxlaw-2830	394	25	qualifying	qualifying	ADJ
taxlaw-2830	394	26	income	income	NOUN
taxlaw-2830	394	27	earned	earn	VERB
taxlaw-2830	394	28	by	by	ADP
taxlaw-2830	394	29	the	the	DET
taxlaw-2830	394	30	subsidiaries	subsidiary	NOUN
taxlaw-2830	394	31	that	that	PRON
taxlaw-2830	394	32	is	be	AUX
taxlaw-2830	394	33	subject	subject	ADJ
taxlaw-2830	394	34	to	to	ADP
taxlaw-2830	394	35	corporate	corporate	ADJ
taxlaw-2830	394	36	-	-	PUNCT
taxlaw-2830	394	37	level	level	NOUN
taxlaw-2830	394	38	tax	tax	NOUN
taxlaw-2830	394	39	.	.	PUNCT
taxlaw-2830	395	1	71	71	NUM
taxlaw-2830	395	2	one	one	NUM
taxlaw-2830	395	3	of	of	ADP
taxlaw-2830	395	4	the	the	DET
taxlaw-2830	395	5	corporate	corporate	ADJ
taxlaw-2830	395	6	subsidiaries	subsidiary	NOUN
taxlaw-2830	395	7	is	be	AUX
taxlaw-2830	395	8	formed	form	VERB
taxlaw-2830	395	9	outside	outside	ADP
taxlaw-2830	395	10	of	of	ADP
taxlaw-2830	395	11	the	the	DET
taxlaw-2830	395	12	united	united	PROPN
taxlaw-2830	395	13	states	states	PROPN
taxlaw-2830	395	14	and	and	CCONJ
taxlaw-2830	395	15	thus	thus	ADV
taxlaw-2830	395	16	,	,	PUNCT
taxlaw-2830	395	17	is	be	AUX
taxlaw-2830	395	18	treated	treat	VERB
taxlaw-2830	395	19	as	as	ADP
taxlaw-2830	395	20	a	a	DET
taxlaw-2830	395	21	foreign	foreign	ADJ
taxlaw-2830	395	22	corporation	corporation	NOUN
taxlaw-2830	395	23	for	for	ADP
taxlaw-2830	395	24	u.s	u.s	PROPN
taxlaw-2830	395	25	.	.	PROPN
taxlaw-2830	395	26	tax	tax	NOUN
taxlaw-2830	395	27	purposes	purpose	NOUN
taxlaw-2830	395	28	(	(	PUNCT
taxlaw-2830	395	29	like	like	ADP
taxlaw-2830	395	30	non	non	ADJ
taxlaw-2830	395	31	-	-	ADJ
taxlaw-2830	395	32	u.s	u.s	PROPN
taxlaw-2830	395	33	.	.	PROPN
taxlaw-2830	395	34	subsidiary	subsidiary	NOUN
taxlaw-2830	395	35	in	in	ADP
taxlaw-2830	395	36	figure	figure	NOUN
taxlaw-2830	395	37	1	1	NUM
taxlaw-2830	395	38	)	)	PUNCT
taxlaw-2830	395	39	.	.	PUNCT
taxlaw-2830	396	1	72	72	NUM
taxlaw-2830	397	1	it	it	PRON
taxlaw-2830	397	2	appears	appear	VERB
taxlaw-2830	397	3	that	that	SCONJ
taxlaw-2830	397	4	this	this	DET
taxlaw-2830	397	5	subsidiary	subsidiary	NOUN
taxlaw-2830	397	6	earns	earn	VERB
taxlaw-2830	397	7	any	any	DET
taxlaw-2830	397	8	non	non	ADJ
taxlaw-2830	397	9	-	-	ADJ
taxlaw-2830	397	10	qualifying	qualifying	ADJ
taxlaw-2830	397	11	income	income	NOUN
taxlaw-2830	397	12	that	that	PRON
taxlaw-2830	397	13	is	be	AUX
taxlaw-2830	397	14	not	not	PART
taxlaw-2830	397	15	u.s	u.s	PROPN
taxlaw-2830	397	16	.	.	PROPN
taxlaw-2830	397	17	source	source	NOUN
taxlaw-2830	397	18	income	income	NOUN
taxlaw-2830	397	19	and	and	CCONJ
taxlaw-2830	397	20	is	be	AUX
taxlaw-2830	397	21	not	not	PART
taxlaw-2830	397	22	effectively	effectively	ADV
taxlaw-2830	397	23	connected	connect	VERB
taxlaw-2830	397	24	with	with	ADP
taxlaw-2830	397	25	a	a	DET
taxlaw-2830	397	26	u.s	u.s	PROPN
taxlaw-2830	397	27	.	.	PROPN
taxlaw-2830	397	28	trade	trade	NOUN
taxlaw-2830	397	29	or	or	CCONJ
taxlaw-2830	397	30	business	business	NOUN
taxlaw-2830	397	31	.	.	PUNCT
taxlaw-2830	398	1	73	73	NUM
taxlaw-2830	398	2	as	as	ADP
taxlaw-2830	398	3	a	a	DET
taxlaw-2830	398	4	result	result	NOUN
taxlaw-2830	398	5	,	,	PUNCT
taxlaw-2830	398	6	the	the	DET
taxlaw-2830	398	7	non	non	PROPN
taxlaw-2830	398	8	-	-	ADJ
taxlaw-2830	398	9	u.s	u.s	PROPN
taxlaw-2830	398	10	.	.	PROPN
taxlaw-2830	398	11	subsidiary	subsidiary	NOUN
taxlaw-2830	398	12	is	be	AUX
taxlaw-2830	398	13	not	not	PART
taxlaw-2830	398	14	subject	subject	ADJ
taxlaw-2830	398	15	to	to	ADP
taxlaw-2830	398	16	u.s	u.s	PROPN
taxlaw-2830	398	17	.	.	PROPN
taxlaw-2830	398	18	corporate	corporate	ADJ
taxlaw-2830	398	19	-	-	PUNCT
taxlaw-2830	398	20	level	level	NOUN
taxlaw-2830	398	21	tax	tax	NOUN
taxlaw-2830	398	22	on	on	ADP
taxlaw-2830	398	23	any	any	PRON
taxlaw-2830	398	24	of	of	ADP
taxlaw-2830	398	25	the	the	DET
taxlaw-2830	398	26	income	income	NOUN
taxlaw-2830	398	27	that	that	PRON
taxlaw-2830	398	28	it	it	PRON
taxlaw-2830	398	29	earns	earn	VERB
taxlaw-2830	398	30	.	.	PUNCT
taxlaw-2830	399	1	74	74	NUM
taxlaw-2830	399	2	figures	figure	NOUN
taxlaw-2830	399	3	2	2	NUM
taxlaw-2830	399	4	and	and	CCONJ
taxlaw-2830	399	5	3	3	NUM
taxlaw-2830	399	6	below	below	ADP
taxlaw-2830	399	7	illustrate	illustrate	ADJ
taxlaw-2830	399	8	structures	structure	NOUN
taxlaw-2830	399	9	increasingly	increasingly	ADV
taxlaw-2830	399	10	used	use	VERB
taxlaw-2830	399	11	by	by	ADP
taxlaw-2830	399	12	entities	entity	NOUN
taxlaw-2830	399	13	seeking	seek	VERB
taxlaw-2830	399	14	reit	reit	NOUN
taxlaw-2830	399	15	classification	classification	NOUN
taxlaw-2830	399	16	.	.	PUNCT
taxlaw-2830	400	1	in	in	ADP
taxlaw-2830	400	2	particular	particular	ADJ
taxlaw-2830	400	3	,	,	PUNCT
taxlaw-2830	400	4	figure	figure	NOUN
taxlaw-2830	400	5	2	2	NUM
taxlaw-2830	400	6	depicts	depict	VERB
taxlaw-2830	400	7	a	a	DET
taxlaw-2830	400	8	structure	structure	NOUN
taxlaw-2830	400	9	used	use	VERB
taxlaw-2830	400	10	by	by	ADP
taxlaw-2830	400	11	reits	reit	NOUN
taxlaw-2830	400	12	that	that	PRON
taxlaw-2830	400	13	own	own	VERB
taxlaw-2830	400	14	and	and	CCONJ
taxlaw-2830	400	15	operate	operate	VERB
taxlaw-2830	400	16	prisons	prison	NOUN
taxlaw-2830	400	17	,	,	PUNCT
taxlaw-2830	400	18	and	and	CCONJ
taxlaw-2830	400	19	figure	figure	VERB
taxlaw-2830	400	20	3	3	NUM
taxlaw-2830	400	21	portrays	portray	VERB
taxlaw-2830	400	22	a	a	DET
taxlaw-2830	400	23	structure	structure	NOUN
taxlaw-2830	400	24	used	use	VERB
taxlaw-2830	400	25	by	by	ADP
taxlaw-2830	400	26	reits	reit	NOUN
taxlaw-2830	400	27	that	that	PRON
taxlaw-2830	400	28	own	own	VERB
taxlaw-2830	400	29	casinos	casino	NOUN
taxlaw-2830	400	30	.	.	PUNCT
taxlaw-2830	401	1	75	75	NUM
taxlaw-2830	401	2	figure	figure	NOUN
taxlaw-2830	401	3	2	2	NUM
taxlaw-2830	401	4	in	in	ADP
taxlaw-2830	401	5	the	the	DET
taxlaw-2830	401	6	structure	structure	NOUN
taxlaw-2830	401	7	depicted	depict	VERB
taxlaw-2830	401	8	in	in	ADP
taxlaw-2830	401	9	figure	figure	NOUN
taxlaw-2830	401	10	2	2	NUM
taxlaw-2830	401	11	,	,	PUNCT
taxlaw-2830	401	12	the	the	DET
taxlaw-2830	401	13	reit	reit	NOUN
taxlaw-2830	401	14	owns	own	VERB
taxlaw-2830	401	15	prison	prison	NOUN
taxlaw-2830	401	16	buildings	building	NOUN
taxlaw-2830	401	17	and	and	CCONJ
taxlaw-2830	401	18	grants	grant	NOUN
taxlaw-2830	401	19	to	to	ADP
taxlaw-2830	401	20	government	government	NOUN
taxlaw-2830	401	21	entities	entity	NOUN
taxlaw-2830	401	22	the	the	DET
taxlaw-2830	401	23	right	right	NOUN
taxlaw-2830	401	24	to	to	PART
taxlaw-2830	401	25	use	use	VERB
taxlaw-2830	401	26	the	the	DET
taxlaw-2830	401	27	prison	prison	NOUN
taxlaw-2830	401	28	buildings	building	NOUN
taxlaw-2830	401	29	to	to	ADP
taxlaw-2830	401	30	house	house	NOUN
taxlaw-2830	401	31	inmates	inmate	NOUN
taxlaw-2830	401	32	.	.	PUNCT
taxlaw-2830	402	1	76	76	NUM
taxlaw-2830	402	2	in	in	ADP
taxlaw-2830	402	3	exchange	exchange	NOUN
taxlaw-2830	402	4	,	,	PUNCT
taxlaw-2830	402	5	the	the	DET
taxlaw-2830	402	6	government	government	NOUN
taxlaw-2830	402	7	entities	entity	NOUN
taxlaw-2830	402	8	pay	pay	VERB
taxlaw-2830	402	9	the	the	DET
taxlaw-2830	402	10	reit	reit	PROPN
taxlaw-2830	402	11	a	a	DET
taxlaw-2830	402	12	fee	fee	NOUN
taxlaw-2830	402	13	calculated	calculate	VERB
taxlaw-2830	402	14	on	on	ADP
taxlaw-2830	402	15	a	a	DET
taxlaw-2830	402	16	per	per	ADP
taxlaw-2830	402	17	-	-	PUNCT
taxlaw-2830	402	18	day	day	NOUN
taxlaw-2830	402	19	,	,	PUNCT
taxlaw-2830	402	20	per	per	ADP
taxlaw-2830	402	21	-	-	PUNCT
taxlaw-2830	402	22	inmate	inmate	NOUN
taxlaw-2830	402	23	basis	basis	NOUN
taxlaw-2830	402	24	.	.	PUNCT
taxlaw-2830	403	1	77	77	NUM
taxlaw-2830	403	2	in	in	ADP
taxlaw-2830	403	3	private	private	ADJ
taxlaw-2830	403	4	letter	letter	NOUN
taxlaw-2830	403	5	rulings	ruling	NOUN
taxlaw-2830	403	6	,	,	PUNCT
taxlaw-2830	403	7	the	the	DET
taxlaw-2830	403	8	irs	irs	PROPN
taxlaw-2830	403	9	has	have	AUX
taxlaw-2830	403	10	ruled	rule	VERB
taxlaw-2830	403	11	that	that	SCONJ
taxlaw-2830	403	12	this	this	DET
taxlaw-2830	403	13	fee	fee	NOUN
taxlaw-2830	403	14	will	will	AUX
taxlaw-2830	403	15	be	be	AUX
taxlaw-2830	403	16	treated	treat	VERB
taxlaw-2830	403	17	as	as	ADP
taxlaw-2830	403	18	rent	rent	NOUN
taxlaw-2830	403	19	from	from	ADP
taxlaw-2830	403	20	real	real	ADJ
taxlaw-2830	403	21	property	property	NOUN
taxlaw-2830	403	22	and	and	CCONJ
taxlaw-2830	403	23	,	,	PUNCT
taxlaw-2830	403	24	therefore	therefore	ADV
taxlaw-2830	403	25	,	,	PUNCT
taxlaw-2830	403	26	is	be	AUX
taxlaw-2830	403	27	qualifying	qualify	VERB
taxlaw-2830	403	28	income	income	NOUN
taxlaw-2830	403	29	for	for	ADP
taxlaw-2830	403	30	purposes	purpose	NOUN
taxlaw-2830	403	31	of	of	ADP
taxlaw-2830	403	32	both	both	DET
taxlaw-2830	403	33	reit	reit	NOUN
taxlaw-2830	403	34	income	income	NOUN
taxlaw-2830	403	35	tests	test	NOUN
taxlaw-2830	403	36	.	.	PUNCT
taxlaw-2830	404	1	78	78	NUM
taxlaw-2830	404	2	in	in	ADP
taxlaw-2830	404	3	exchange	exchange	NOUN
taxlaw-2830	404	4	for	for	ADP
taxlaw-2830	404	5	a	a	DET
taxlaw-2830	404	6	fee	fee	NOUN
taxlaw-2830	404	7	paid	pay	VERB
taxlaw-2830	404	8	by	by	ADP
taxlaw-2830	404	9	the	the	DET
taxlaw-2830	404	10	government	government	NOUN
taxlaw-2830	404	11	entities	entity	NOUN
taxlaw-2830	404	12	,	,	PUNCT
taxlaw-2830	404	13	the	the	DET
taxlaw-2830	404	14	taxable	taxable	ADJ
taxlaw-2830	404	15	reit	reit	NOUN
taxlaw-2830	404	16	(	(	PUNCT
taxlaw-2830	404	17	―the	―the	DET
taxlaw-2830	404	18	wholly	wholly	ADV
taxlaw-2830	404	19	-	-	PUNCT
taxlaw-2830	404	20	owned	own	VERB
taxlaw-2830	404	21	subsidiaries	subsidiary	NOUN
taxlaw-2830	404	22	of	of	ADP
taxlaw-2830	404	23	the	the	DET
taxlaw-2830	404	24	blackstone	blackstone	NOUN
taxlaw-2830	404	25	group	group	NOUN
taxlaw-2830	404	26	l.p	l.p	PROPN
taxlaw-2830	404	27	.	.	PROPN
taxlaw-2830	404	28	will	will	AUX
taxlaw-2830	404	29	concurrently	concurrently	ADV
taxlaw-2830	404	30	with	with	ADP
taxlaw-2830	404	31	the	the	DET
taxlaw-2830	404	32	reorganization	reorganization	NOUN
taxlaw-2830	404	33	and	and	CCONJ
taxlaw-2830	404	34	may	may	AUX
taxlaw-2830	404	35	from	from	ADP
taxlaw-2830	404	36	time	time	NOUN
taxlaw-2830	404	37	to	to	ADP
taxlaw-2830	404	38	time	time	NOUN
taxlaw-2830	404	39	thereafter	thereafter	ADV
taxlaw-2830	404	40	enter	enter	VERB
taxlaw-2830	404	41	into	into	ADP
taxlaw-2830	404	42	intracompany	intracompany	ADJ
taxlaw-2830	404	43	lending	lending	NOUN
taxlaw-2830	404	44	arrangements	arrangement	NOUN
taxlaw-2830	404	45	with	with	ADP
taxlaw-2830	404	46	one	one	NUM
taxlaw-2830	404	47	another.‖	another.‖	NOUN
taxlaw-2830	404	48	)	)	PUNCT
taxlaw-2830	404	49	.	.	PUNCT
taxlaw-2830	405	1	this	this	DET
taxlaw-2830	405	2	statement	statement	NOUN
taxlaw-2830	405	3	may	may	AUX
taxlaw-2830	405	4	or	or	CCONJ
taxlaw-2830	405	5	may	may	AUX
taxlaw-2830	405	6	not	not	PART
taxlaw-2830	405	7	refer	refer	VERB
taxlaw-2830	405	8	to	to	ADP
taxlaw-2830	405	9	using	use	VERB
taxlaw-2830	405	10	debt	debt	NOUN
taxlaw-2830	405	11	to	to	PART
taxlaw-2830	405	12	reduce	reduce	VERB
taxlaw-2830	405	13	corporate	corporate	ADJ
taxlaw-2830	405	14	-	-	PUNCT
taxlaw-2830	405	15	level	level	NOUN
taxlaw-2830	405	16	tax	tax	NOUN
taxlaw-2830	405	17	paid	pay	VERB
taxlaw-2830	405	18	by	by	ADP
taxlaw-2830	405	19	the	the	DET
taxlaw-2830	405	20	u.s	u.s	PROPN
taxlaw-2830	405	21	.	.	PROPN
taxlaw-2830	405	22	corporate	corporate	ADJ
taxlaw-2830	405	23	subsidiaries	subsidiary	NOUN
taxlaw-2830	405	24	.	.	PUNCT
taxlaw-2830	406	1	70	70	NUM
taxlaw-2830	406	2	i.r.c	i.r.c	NOUN
taxlaw-2830	406	3	.	.	PUNCT
taxlaw-2830	407	1	§	§	PROPN
taxlaw-2830	407	2	7704(d)(1)(a	7704(d)(1)(a	NUM
taxlaw-2830	407	3	)	)	PUNCT
taxlaw-2830	407	4	(	(	PUNCT
taxlaw-2830	407	5	defining	define	VERB
taxlaw-2830	407	6	qualifying	qualify	VERB
taxlaw-2830	407	7	income	income	NOUN
taxlaw-2830	407	8	to	to	PART
taxlaw-2830	407	9	generally	generally	ADV
taxlaw-2830	407	10	include	include	VERB
taxlaw-2830	407	11	interest	interest	NOUN
taxlaw-2830	407	12	)	)	PUNCT
taxlaw-2830	407	13	.	.	PUNCT
taxlaw-2830	408	1	71	71	NUM
taxlaw-2830	408	2	see	see	NOUN
taxlaw-2830	408	3	i.r.c	i.r.c	NOUN
taxlaw-2830	408	4	.	.	PUNCT
taxlaw-2830	409	1	§	§	PROPN
taxlaw-2830	409	2	163	163	NUM
taxlaw-2830	409	3	(	(	PUNCT
taxlaw-2830	409	4	providing	provide	VERB
taxlaw-2830	409	5	for	for	ADP
taxlaw-2830	409	6	an	an	DET
taxlaw-2830	409	7	interest	interest	NOUN
taxlaw-2830	409	8	deduction	deduction	NOUN
taxlaw-2830	409	9	)	)	PUNCT
taxlaw-2830	409	10	.	.	PUNCT
taxlaw-2830	410	1	the	the	DET
taxlaw-2830	410	2	ability	ability	NOUN
taxlaw-2830	410	3	to	to	PART
taxlaw-2830	410	4	deduct	deduct	VERB
taxlaw-2830	410	5	interest	interest	NOUN
taxlaw-2830	410	6	would	would	AUX
taxlaw-2830	410	7	be	be	AUX
taxlaw-2830	410	8	subject	subject	ADJ
taxlaw-2830	410	9	to	to	ADP
taxlaw-2830	410	10	certain	certain	ADJ
taxlaw-2830	410	11	limitations	limitation	NOUN
taxlaw-2830	410	12	.	.	PUNCT
taxlaw-2830	411	1	for	for	ADP
taxlaw-2830	411	2	example	example	NOUN
taxlaw-2830	411	3	,	,	PUNCT
taxlaw-2830	411	4	if	if	SCONJ
taxlaw-2830	411	5	a	a	DET
taxlaw-2830	411	6	corporate	corporate	ADJ
taxlaw-2830	411	7	subsidiary	subsidiary	NOUN
taxlaw-2830	411	8	were	be	AUX
taxlaw-2830	411	9	too	too	ADV
taxlaw-2830	411	10	thinly	thinly	ADV
taxlaw-2830	411	11	capitalized	capitalize	VERB
taxlaw-2830	411	12	,	,	PUNCT
taxlaw-2830	411	13	some	some	PRON
taxlaw-2830	411	14	of	of	ADP
taxlaw-2830	411	15	the	the	DET
taxlaw-2830	411	16	debt	debt	NOUN
taxlaw-2830	411	17	could	could	AUX
taxlaw-2830	411	18	be	be	AUX
taxlaw-2830	411	19	recast	recast	VERB
taxlaw-2830	411	20	as	as	ADP
taxlaw-2830	411	21	equity	equity	NOUN
taxlaw-2830	411	22	for	for	ADP
taxlaw-2830	411	23	tax	tax	NOUN
taxlaw-2830	411	24	purposes	purpose	NOUN
taxlaw-2830	411	25	.	.	PUNCT
taxlaw-2830	412	1	likewise	likewise	ADV
taxlaw-2830	412	2	,	,	PUNCT
taxlaw-2830	412	3	if	if	SCONJ
taxlaw-2830	412	4	blackstone	blackstone	NOUN
taxlaw-2830	412	5	group	group	NOUN
taxlaw-2830	412	6	l.p	l.p	PROPN
taxlaw-2830	412	7	.	.	PROPN
taxlaw-2830	412	8	charged	charge	VERB
taxlaw-2830	412	9	an	an	DET
taxlaw-2830	412	10	interest	interest	NOUN
taxlaw-2830	412	11	rate	rate	NOUN
taxlaw-2830	412	12	that	that	PRON
taxlaw-2830	412	13	was	be	AUX
taxlaw-2830	412	14	higher	high	ADJ
taxlaw-2830	412	15	than	than	ADP
taxlaw-2830	412	16	a	a	DET
taxlaw-2830	412	17	market	market	NOUN
taxlaw-2830	412	18	rate	rate	NOUN
taxlaw-2830	412	19	,	,	PUNCT
taxlaw-2830	412	20	the	the	DET
taxlaw-2830	412	21	debt	debt	NOUN
taxlaw-2830	412	22	could	could	AUX
taxlaw-2830	412	23	be	be	AUX
taxlaw-2830	412	24	recast	recast	VERB
taxlaw-2830	412	25	as	as	ADP
taxlaw-2830	412	26	equity	equity	NOUN
taxlaw-2830	412	27	for	for	ADP
taxlaw-2830	412	28	tax	tax	NOUN
taxlaw-2830	412	29	purposes	purpose	NOUN
taxlaw-2830	412	30	.	.	PUNCT
taxlaw-2830	413	1	furthermore	furthermore	ADV
taxlaw-2830	413	2	,	,	PUNCT
taxlaw-2830	413	3	section	section	NOUN
taxlaw-2830	413	4	163(j	163(j	PROPN
taxlaw-2830	413	5	)	)	PUNCT
taxlaw-2830	413	6	could	could	AUX
taxlaw-2830	413	7	limit	limit	VERB
taxlaw-2830	413	8	the	the	DET
taxlaw-2830	413	9	amount	amount	NOUN
taxlaw-2830	413	10	of	of	ADP
taxlaw-2830	413	11	interest	interest	NOUN
taxlaw-2830	413	12	deductible	deductible	ADJ
taxlaw-2830	413	13	by	by	ADP
taxlaw-2830	413	14	the	the	DET
taxlaw-2830	413	15	corporate	corporate	ADJ
taxlaw-2830	413	16	subsidiary	subsidiary	NOUN
taxlaw-2830	413	17	if	if	SCONJ
taxlaw-2830	413	18	the	the	DET
taxlaw-2830	413	19	owners	owner	NOUN
taxlaw-2830	413	20	of	of	ADP
taxlaw-2830	413	21	the	the	DET
taxlaw-2830	413	22	blackstone	blackstone	NOUN
taxlaw-2830	413	23	group	group	NOUN
taxlaw-2830	413	24	l.p	l.p	PROPN
taxlaw-2830	413	25	.	.	PROPN
taxlaw-2830	413	26	are	be	AUX
taxlaw-2830	413	27	not	not	PART
taxlaw-2830	413	28	subject	subject	ADJ
taxlaw-2830	413	29	to	to	ADP
taxlaw-2830	413	30	tax	tax	NOUN
taxlaw-2830	413	31	on	on	ADP
taxlaw-2830	413	32	the	the	DET
taxlaw-2830	413	33	interest	interest	NOUN
taxlaw-2830	413	34	.	.	PUNCT
taxlaw-2830	414	1	72	72	NUM
taxlaw-2830	414	2	blackstone	blackstone	NOUN
taxlaw-2830	414	3	s-1	s-1	PROPN
taxlaw-2830	414	4	,	,	PUNCT
taxlaw-2830	414	5	supra	supra	PROPN
taxlaw-2830	414	6	note	note	NOUN
taxlaw-2830	414	7	59	59	NUM
taxlaw-2830	414	8	at	at	ADP
taxlaw-2830	414	9	204	204	NUM
taxlaw-2830	414	10	.	.	PUNCT
taxlaw-2830	415	1	73	73	NUM
taxlaw-2830	416	1	i	i	PRON
taxlaw-2830	416	2	d.	d.	NOUN
taxlaw-2830	416	3	at	at	ADP
taxlaw-2830	416	4	204	204	NUM
taxlaw-2830	416	5	(	(	PUNCT
taxlaw-2830	416	6	―blackstone	―blackstone	NOUN
taxlaw-2830	416	7	holdings	holding	NOUN
taxlaw-2830	416	8	v	v	NOUN
taxlaw-2830	416	9	gp	gp	NOUN
taxlaw-2830	417	1	l.p	l.p	PROPN
taxlaw-2830	417	2	.	.	PROPN
taxlaw-2830	417	3	is	be	AUX
taxlaw-2830	417	4	taxable	taxable	ADJ
taxlaw-2830	417	5	as	as	ADP
taxlaw-2830	417	6	a	a	DET
taxlaw-2830	417	7	foreign	foreign	ADJ
taxlaw-2830	417	8	corporation	corporation	NOUN
taxlaw-2830	417	9	for	for	ADP
taxlaw-2830	417	10	u.s	u.s	PROPN
taxlaw-2830	417	11	.	.	PROPN
taxlaw-2830	417	12	federal	federal	ADJ
taxlaw-2830	417	13	income	income	NOUN
taxlaw-2830	417	14	tax	tax	NOUN
taxlaw-2830	417	15	purposes	purpose	NOUN
taxlaw-2830	417	16	.	.	PUNCT
taxlaw-2830	418	1	blackstone	blackstone	NOUN
taxlaw-2830	418	2	holdings	holding	NOUN
taxlaw-2830	418	3	v	v	X
taxlaw-2830	418	4	gp	gp	NOUN
taxlaw-2830	419	1	l.p	l.p	PROPN
taxlaw-2830	419	2	.	.	PROPN
taxlaw-2830	419	3	is	be	AUX
taxlaw-2830	419	4	expected	expect	VERB
taxlaw-2830	419	5	to	to	PART
taxlaw-2830	419	6	be	be	AUX
taxlaw-2830	419	7	operated	operate	VERB
taxlaw-2830	419	8	so	so	ADV
taxlaw-2830	419	9	as	as	SCONJ
taxlaw-2830	419	10	not	not	PART
taxlaw-2830	419	11	to	to	PART
taxlaw-2830	419	12	produce	produce	VERB
taxlaw-2830	419	13	eci	eci	PROPN
taxlaw-2830	419	14	.	.	PUNCT
taxlaw-2830	420	1	its	its	PRON
taxlaw-2830	420	2	income	income	NOUN
taxlaw-2830	420	3	will	will	AUX
taxlaw-2830	420	4	not	not	PART
taxlaw-2830	420	5	be	be	AUX
taxlaw-2830	420	6	subject	subject	ADJ
taxlaw-2830	420	7	to	to	ADP
taxlaw-2830	420	8	u.s	u.s	PROPN
taxlaw-2830	420	9	.	.	PROPN
taxlaw-2830	420	10	federal	federal	ADJ
taxlaw-2830	420	11	income	income	NOUN
taxlaw-2830	420	12	tax	tax	NOUN
taxlaw-2830	420	13	to	to	ADP
taxlaw-2830	420	14	the	the	DET
taxlaw-2830	420	15	extent	extent	NOUN
taxlaw-2830	420	16	it	it	PRON
taxlaw-2830	420	17	has	have	VERB
taxlaw-2830	420	18	a	a	DET
taxlaw-2830	420	19	foreign	foreign	ADJ
taxlaw-2830	420	20	source	source	NOUN
taxlaw-2830	420	21	and	and	CCONJ
taxlaw-2830	420	22	is	be	AUX
taxlaw-2830	420	23	not	not	PART
taxlaw-2830	420	24	treated	treat	VERB
taxlaw-2830	420	25	as	as	ADP
taxlaw-2830	420	26	eci.‖	eci.‖	NOUN
taxlaw-2830	420	27	)	)	PUNCT
taxlaw-2830	420	28	.	.	PUNCT
taxlaw-2830	421	1	74	74	NUM
taxlaw-2830	422	1	i	i	PRON
taxlaw-2830	422	2	d.	d.	PROPN
taxlaw-2830	422	3	75	75	NUM
taxlaw-2830	422	4	for	for	ADP
taxlaw-2830	422	5	additional	additional	ADJ
taxlaw-2830	422	6	discussion	discussion	NOUN
taxlaw-2830	422	7	of	of	ADP
taxlaw-2830	422	8	these	these	DET
taxlaw-2830	422	9	structures	structure	NOUN
taxlaw-2830	422	10	,	,	PUNCT
taxlaw-2830	422	11	see	see	VERB
taxlaw-2830	422	12	cauble	cauble	NOUN
taxlaw-2830	422	13	&	&	CCONJ
taxlaw-2830	422	14	polsky	polsky	PROPN
taxlaw-2830	422	15	,	,	PUNCT
taxlaw-2830	422	16	supra	supra	PROPN
taxlaw-2830	422	17	note	note	PROPN
taxlaw-2830	422	18	17	17	NUM
taxlaw-2830	422	19	.	.	PUNCT
taxlaw-2830	423	1	76	76	NUM
taxlaw-2830	423	2	plr	plr	NOUN
taxlaw-2830	423	3	201320007	201320007	NUM
taxlaw-2830	423	4	.	.	PUNCT
taxlaw-2830	424	1	77	77	NUM
taxlaw-2830	425	1	i	i	PRON
taxlaw-2830	425	2	d.	d.	PROPN
taxlaw-2830	425	3	78	78	NUM
taxlaw-2830	425	4	see	see	VERB
taxlaw-2830	425	5	,	,	PUNCT
taxlaw-2830	425	6	e.g.	e.g.	ADV
taxlaw-2830	425	7	,	,	PUNCT
taxlaw-2830	425	8	plr	plr	NOUN
taxlaw-2830	425	9	201320007	201320007	NUM
taxlaw-2830	425	10	.	.	PUNCT
taxlaw-2830	426	1	reit	reit	PROPN
taxlaw-2830	426	2	taxable	taxable	ADJ
taxlaw-2830	426	3	reit	reit	PROPN
taxlaw-2830	426	4	subsidiary	subsidiary	NOUN
taxlaw-2830	426	5	prison	prison	NOUN
taxlaw-2830	426	6	2015	2015	NUM
taxlaw-2830	426	7	]	]	PUNCT
taxlaw-2830	426	8	taxing	tax	VERB
taxlaw-2830	426	9	publicly	publicly	ADV
taxlaw-2830	426	10	traded	trade	VERB
taxlaw-2830	426	11	entities	entity	NOUN
taxlaw-2830	426	12	161	161	NUM
taxlaw-2830	426	13	subsidiary	subsidiary	NOUN
taxlaw-2830	426	14	(	(	PUNCT
taxlaw-2830	426	15	the	the	DET
taxlaw-2830	426	16	―trs‖	―trs‖	NOUN
taxlaw-2830	426	17	)	)	PUNCT
taxlaw-2830	426	18	provides	provide	VERB
taxlaw-2830	426	19	various	various	ADJ
taxlaw-2830	426	20	services	service	NOUN
taxlaw-2830	426	21	such	such	ADJ
taxlaw-2830	426	22	as	as	ADP
taxlaw-2830	426	23	security	security	NOUN
taxlaw-2830	426	24	,	,	PUNCT
taxlaw-2830	426	25	food	food	NOUN
taxlaw-2830	426	26	services	service	NOUN
taxlaw-2830	426	27	for	for	ADP
taxlaw-2830	426	28	inmates	inmate	NOUN
taxlaw-2830	426	29	,	,	PUNCT
taxlaw-2830	426	30	medical	medical	ADJ
taxlaw-2830	426	31	and	and	CCONJ
taxlaw-2830	426	32	dental	dental	ADJ
taxlaw-2830	426	33	care	care	NOUN
taxlaw-2830	426	34	for	for	ADP
taxlaw-2830	426	35	inmates	inmate	NOUN
taxlaw-2830	426	36	,	,	PUNCT
taxlaw-2830	426	37	and	and	CCONJ
taxlaw-2830	426	38	inmate	inmate	NOUN
taxlaw-2830	426	39	transportation	transportation	NOUN
taxlaw-2830	426	40	.	.	PUNCT
taxlaw-2830	427	1	79	79	NUM
taxlaw-2830	428	1	the	the	DET
taxlaw-2830	428	2	trs	trs	PROPN
taxlaw-2830	428	3	is	be	AUX
taxlaw-2830	428	4	taxed	tax	VERB
taxlaw-2830	428	5	at	at	ADP
taxlaw-2830	428	6	an	an	DET
taxlaw-2830	428	7	entity	entity	NOUN
taxlaw-2830	428	8	level	level	NOUN
taxlaw-2830	428	9	on	on	ADP
taxlaw-2830	428	10	the	the	DET
taxlaw-2830	428	11	income	income	NOUN
taxlaw-2830	428	12	it	it	PRON
taxlaw-2830	428	13	earns	earn	VERB
taxlaw-2830	428	14	,	,	PUNCT
taxlaw-2830	428	15	but	but	CCONJ
taxlaw-2830	428	16	it	it	PRON
taxlaw-2830	428	17	can	can	AUX
taxlaw-2830	428	18	earn	earn	VERB
taxlaw-2830	428	19	income	income	NOUN
taxlaw-2830	428	20	that	that	PRON
taxlaw-2830	428	21	would	would	AUX
taxlaw-2830	428	22	be	be	AUX
taxlaw-2830	428	23	nonqualifying	nonqualifye	VERB
taxlaw-2830	428	24	income	income	NOUN
taxlaw-2830	428	25	if	if	SCONJ
taxlaw-2830	428	26	earned	earn	VERB
taxlaw-2830	428	27	directly	directly	ADV
taxlaw-2830	428	28	by	by	ADP
taxlaw-2830	428	29	the	the	DET
taxlaw-2830	428	30	reit	reit	NOUN
taxlaw-2830	428	31	without	without	ADP
taxlaw-2830	428	32	jeopardizing	jeopardize	VERB
taxlaw-2830	428	33	the	the	DET
taxlaw-2830	428	34	reit‘s	reit‘s	NOUN
taxlaw-2830	428	35	ability	ability	NOUN
taxlaw-2830	428	36	to	to	PART
taxlaw-2830	428	37	pass	pass	VERB
taxlaw-2830	428	38	the	the	DET
taxlaw-2830	428	39	income	income	NOUN
taxlaw-2830	428	40	tests	test	NOUN
taxlaw-2830	428	41	.	.	PUNCT
taxlaw-2830	429	1	in	in	ADP
taxlaw-2830	429	2	order	order	NOUN
taxlaw-2830	429	3	to	to	PART
taxlaw-2830	429	4	ensure	ensure	VERB
taxlaw-2830	429	5	compliance	compliance	NOUN
taxlaw-2830	429	6	with	with	ADP
taxlaw-2830	429	7	the	the	DET
taxlaw-2830	429	8	reit	reit	PROPN
taxlaw-2830	429	9	qualification	qualification	NOUN
taxlaw-2830	429	10	tests	test	NOUN
taxlaw-2830	429	11	,	,	PUNCT
taxlaw-2830	429	12	the	the	DET
taxlaw-2830	429	13	reit‘s	reit‘s	NOUN
taxlaw-2830	429	14	interest	interest	NOUN
taxlaw-2830	429	15	in	in	ADP
taxlaw-2830	429	16	the	the	DET
taxlaw-2830	429	17	trs	trs	PROPN
taxlaw-2830	429	18	can	can	AUX
taxlaw-2830	429	19	not	not	PART
taxlaw-2830	429	20	exceed	exceed	VERB
taxlaw-2830	429	21	25	25	NUM
taxlaw-2830	429	22	percent	percent	NOUN
taxlaw-2830	429	23	of	of	ADP
taxlaw-2830	429	24	the	the	DET
taxlaw-2830	429	25	value	value	NOUN
taxlaw-2830	429	26	of	of	ADP
taxlaw-2830	429	27	the	the	DET
taxlaw-2830	429	28	reit‘s	reit‘s	NOUN
taxlaw-2830	429	29	assets	asset	NOUN
taxlaw-2830	429	30	.	.	PUNCT
taxlaw-2830	430	1	80	80	NUM
taxlaw-2830	430	2	figure	figure	NOUN
taxlaw-2830	430	3	3	3	NUM
taxlaw-2830	430	4	in	in	ADP
taxlaw-2830	430	5	the	the	DET
taxlaw-2830	430	6	case	case	NOUN
taxlaw-2830	430	7	of	of	ADP
taxlaw-2830	430	8	a	a	DET
taxlaw-2830	430	9	reit	reit	NOUN
taxlaw-2830	430	10	that	that	PRON
taxlaw-2830	430	11	owns	own	VERB
taxlaw-2830	430	12	a	a	DET
taxlaw-2830	430	13	casino	casino	NOUN
taxlaw-2830	430	14	,	,	PUNCT
taxlaw-2830	430	15	as	as	SCONJ
taxlaw-2830	430	16	portrayed	portray	VERB
taxlaw-2830	430	17	in	in	ADP
taxlaw-2830	430	18	figure	figure	NOUN
taxlaw-2830	430	19	3	3	NUM
taxlaw-2830	430	20	,	,	PUNCT
taxlaw-2830	430	21	the	the	DET
taxlaw-2830	430	22	reit	reit	NOUN
taxlaw-2830	430	23	owns	own	VERB
taxlaw-2830	430	24	a	a	DET
taxlaw-2830	430	25	casino	casino	NOUN
taxlaw-2830	430	26	building	building	NOUN
taxlaw-2830	430	27	and	and	CCONJ
taxlaw-2830	430	28	leases	lease	VERB
taxlaw-2830	430	29	the	the	DET
taxlaw-2830	430	30	building	building	NOUN
taxlaw-2830	430	31	to	to	ADP
taxlaw-2830	430	32	a	a	DET
taxlaw-2830	430	33	non	non	ADJ
taxlaw-2830	430	34	-	-	NOUN
taxlaw-2830	430	35	reit	reit	ADJ
taxlaw-2830	430	36	(	(	PUNCT
taxlaw-2830	430	37	an	an	DET
taxlaw-2830	430	38	unrelated	unrelated	ADJ
taxlaw-2830	430	39	company	company	NOUN
taxlaw-2830	430	40	)	)	PUNCT
taxlaw-2830	430	41	.	.	PUNCT
taxlaw-2830	431	1	81	81	NUM
taxlaw-2830	431	2	the	the	DET
taxlaw-2830	431	3	non	non	ADJ
taxlaw-2830	431	4	-	-	ADJ
taxlaw-2830	431	5	reit	reit	ADJ
taxlaw-2830	431	6	operates	operate	VERB
taxlaw-2830	431	7	the	the	DET
taxlaw-2830	431	8	casino	casino	NOUN
taxlaw-2830	431	9	and	and	CCONJ
taxlaw-2830	431	10	pays	pay	VERB
taxlaw-2830	431	11	the	the	DET
taxlaw-2830	431	12	reit	reit	NOUN
taxlaw-2830	431	13	rent	rent	NOUN
taxlaw-2830	431	14	that	that	PRON
taxlaw-2830	431	15	is	be	AUX
taxlaw-2830	431	16	in	in	ADP
taxlaw-2830	431	17	part	part	NOUN
taxlaw-2830	431	18	fixed	fix	VERB
taxlaw-2830	431	19	and	and	CCONJ
taxlaw-2830	431	20	in	in	ADP
taxlaw-2830	431	21	part	part	NOUN
taxlaw-2830	431	22	based	base	VERB
taxlaw-2830	431	23	on	on	ADP
taxlaw-2830	431	24	revenues	revenue	NOUN
taxlaw-2830	431	25	earned	earn	VERB
taxlaw-2830	431	26	from	from	ADP
taxlaw-2830	431	27	operating	operate	VERB
taxlaw-2830	431	28	the	the	DET
taxlaw-2830	431	29	casino	casino	NOUN
taxlaw-2830	431	30	.	.	PUNCT
taxlaw-2830	432	1	the	the	DET
taxlaw-2830	432	2	rent	rent	NOUN
taxlaw-2830	432	3	received	receive	VERB
taxlaw-2830	432	4	by	by	ADP
taxlaw-2830	432	5	the	the	DET
taxlaw-2830	432	6	reit	reit	NOUN
taxlaw-2830	432	7	is	be	AUX
taxlaw-2830	432	8	qualifying	qualify	VERB
taxlaw-2830	432	9	income	income	NOUN
taxlaw-2830	432	10	.	.	PUNCT
taxlaw-2830	433	1	82	82	NUM
taxlaw-2830	434	1	leasing	lease	VERB
taxlaw-2830	434	2	the	the	DET
taxlaw-2830	434	3	casino	casino	NOUN
taxlaw-2830	434	4	to	to	ADP
taxlaw-2830	434	5	an	an	DET
taxlaw-2830	434	6	entity	entity	NOUN
taxlaw-2830	434	7	that	that	PRON
taxlaw-2830	434	8	is	be	AUX
taxlaw-2830	434	9	unrelated	unrelated	ADJ
taxlaw-2830	434	10	to	to	ADP
taxlaw-2830	434	11	the	the	DET
taxlaw-2830	434	12	reit	reit	NOUN
taxlaw-2830	434	13	ensures	ensure	VERB
taxlaw-2830	434	14	that	that	SCONJ
taxlaw-2830	434	15	the	the	DET
taxlaw-2830	434	16	payments	payment	NOUN
taxlaw-2830	434	17	under	under	ADP
taxlaw-2830	434	18	the	the	DET
taxlaw-2830	434	19	lease	lease	NOUN
taxlaw-2830	434	20	are	be	AUX
taxlaw-2830	434	21	treated	treat	VERB
taxlaw-2830	434	22	as	as	ADP
taxlaw-2830	434	23	rent	rent	NOUN
taxlaw-2830	434	24	for	for	ADP
taxlaw-2830	434	25	purposes	purpose	NOUN
taxlaw-2830	434	26	of	of	ADP
taxlaw-2830	434	27	the	the	DET
taxlaw-2830	434	28	reit	reit	NOUN
taxlaw-2830	434	29	income	income	NOUN
taxlaw-2830	434	30	tests	test	NOUN
taxlaw-2830	434	31	,	,	PUNCT
taxlaw-2830	434	32	because	because	SCONJ
taxlaw-2830	434	33	amounts	amount	NOUN
taxlaw-2830	434	34	paid	pay	VERB
taxlaw-2830	434	35	by	by	ADP
taxlaw-2830	434	36	lessees	lessee	NOUN
taxlaw-2830	434	37	that	that	PRON
taxlaw-2830	434	38	are	be	AUX
taxlaw-2830	434	39	related	relate	VERB
taxlaw-2830	434	40	to	to	ADP
taxlaw-2830	434	41	a	a	DET
taxlaw-2830	434	42	reit	reit	NOUN
taxlaw-2830	434	43	are	be	AUX
taxlaw-2830	434	44	not	not	PART
taxlaw-2830	434	45	treated	treat	VERB
taxlaw-2830	434	46	as	as	ADP
taxlaw-2830	434	47	rent	rent	NOUN
taxlaw-2830	434	48	,	,	PUNCT
taxlaw-2830	434	49	unless	unless	SCONJ
taxlaw-2830	434	50	certain	certain	ADJ
taxlaw-2830	434	51	requirements	requirement	NOUN
taxlaw-2830	434	52	are	be	AUX
taxlaw-2830	434	53	met	meet	VERB
taxlaw-2830	434	54	.	.	PUNCT
taxlaw-2830	435	1	83	83	NUM
taxlaw-2830	435	2	following	follow	VERB
taxlaw-2830	435	3	a	a	DET
taxlaw-2830	435	4	spin	spin	NOUN
taxlaw-2830	435	5	-	-	PUNCT
taxlaw-2830	435	6	off	off	NOUN
taxlaw-2830	435	7	of	of	ADP
taxlaw-2830	435	8	its	its	PRON
taxlaw-2830	435	9	copper	copper	NOUN
taxlaw-2830	435	10	and	and	CCONJ
taxlaw-2830	435	11	fiber	fiber	NOUN
taxlaw-2830	435	12	-	-	PUNCT
taxlaw-2830	435	13	optic	optic	NOUN
taxlaw-2830	435	14	lines	line	NOUN
taxlaw-2830	435	15	into	into	ADP
taxlaw-2830	435	16	a	a	DET
taxlaw-2830	435	17	separate	separate	ADJ
taxlaw-2830	435	18	,	,	PUNCT
taxlaw-2830	435	19	publicly	publicly	ADV
taxlaw-2830	435	20	traded	trade	VERB
taxlaw-2830	435	21	reit	reit	NOUN
taxlaw-2830	435	22	,	,	PUNCT
taxlaw-2830	435	23	a	a	DET
taxlaw-2830	435	24	structure	structure	NOUN
taxlaw-2830	435	25	similar	similar	ADJ
taxlaw-2830	435	26	to	to	ADP
taxlaw-2830	435	27	that	that	PRON
taxlaw-2830	435	28	shown	show	VERB
taxlaw-2830	435	29	in	in	ADP
taxlaw-2830	435	30	figure	figure	NOUN
taxlaw-2830	435	31	3	3	NUM
taxlaw-2830	435	32	will	will	AUX
taxlaw-2830	435	33	be	be	AUX
taxlaw-2830	435	34	used	use	VERB
taxlaw-2830	435	35	by	by	ADP
taxlaw-2830	435	36	windstream	windstream	NOUN
taxlaw-2830	435	37	holdings	holdings	PROPN
taxlaw-2830	435	38	,	,	PUNCT
taxlaw-2830	435	39	inc	inc	PROPN
taxlaw-2830	435	40	.	.	PROPN
taxlaw-2830	436	1	(	(	PUNCT
taxlaw-2830	436	2	a	a	DET
taxlaw-2830	436	3	publicly	publicly	ADV
taxlaw-2830	436	4	traded	trade	VERB
taxlaw-2830	436	5	telecom	telecom	NOUN
taxlaw-2830	436	6	company	company	NOUN
taxlaw-2830	436	7	)	)	PUNCT
taxlaw-2830	436	8	.	.	PUNCT
taxlaw-2830	437	1	84	84	NUM
taxlaw-2830	437	2	the	the	DET
taxlaw-2830	437	3	reit	reit	NOUN
taxlaw-2830	437	4	will	will	AUX
taxlaw-2830	437	5	lease	lease	VERB
taxlaw-2830	437	6	the	the	DET
taxlaw-2830	437	7	assets	asset	NOUN
taxlaw-2830	437	8	back	back	ADV
taxlaw-2830	437	9	to	to	ADP
taxlaw-2830	437	10	windstream	windstream	NOUN
taxlaw-2830	437	11	so	so	SCONJ
taxlaw-2830	437	12	that	that	SCONJ
taxlaw-2830	437	13	it	it	PRON
taxlaw-2830	437	14	can	can	AUX
taxlaw-2830	437	15	continue	continue	VERB
taxlaw-2830	437	16	to	to	PART
taxlaw-2830	437	17	use	use	VERB
taxlaw-2830	437	18	them	they	PRON
taxlaw-2830	437	19	in	in	ADP
taxlaw-2830	437	20	its	its	PRON
taxlaw-2830	437	21	operations	operation	NOUN
taxlaw-2830	437	22	.	.	PUNCT
taxlaw-2830	438	1	virtually	virtually	ADV
taxlaw-2830	438	2	any	any	DET
taxlaw-2830	438	3	company	company	NOUN
taxlaw-2830	438	4	that	that	PRON
taxlaw-2830	438	5	holds	hold	VERB
taxlaw-2830	438	6	significant	significant	ADJ
taxlaw-2830	438	7	real	real	ADJ
taxlaw-2830	438	8	estate	estate	NOUN
taxlaw-2830	438	9	assets	asset	NOUN
taxlaw-2830	438	10	could	could	AUX
taxlaw-2830	438	11	use	use	VERB
taxlaw-2830	438	12	a	a	DET
taxlaw-2830	438	13	similar	similar	ADJ
taxlaw-2830	438	14	approach	approach	NOUN
taxlaw-2830	438	15	.	.	PUNCT
taxlaw-2830	439	1	in	in	ADP
taxlaw-2830	439	2	summary	summary	NOUN
taxlaw-2830	439	3	,	,	PUNCT
taxlaw-2830	439	4	publicly	publicly	ADV
taxlaw-2830	439	5	traded	trade	VERB
taxlaw-2830	439	6	entities	entity	NOUN
taxlaw-2830	439	7	increasingly	increasingly	ADV
taxlaw-2830	439	8	use	use	VERB
taxlaw-2830	439	9	elaborate	elaborate	ADJ
taxlaw-2830	439	10	tax	tax	NOUN
taxlaw-2830	439	11	structuring	structuring	NOUN
taxlaw-2830	439	12	techniques	technique	NOUN
taxlaw-2830	439	13	to	to	PART
taxlaw-2830	439	14	obtain	obtain	VERB
taxlaw-2830	439	15	classification	classification	NOUN
taxlaw-2830	439	16	as	as	ADP
taxlaw-2830	439	17	exempt	exempt	ADJ
taxlaw-2830	439	18	publicly	publicly	ADV
taxlaw-2830	439	19	traded	trade	VERB
taxlaw-2830	439	20	partnerships	partnership	NOUN
taxlaw-2830	439	21	or	or	CCONJ
taxlaw-2830	439	22	reits	reit	NOUN
taxlaw-2830	439	23	.	.	PUNCT
taxlaw-2830	440	1	79	79	NUM
taxlaw-2830	441	1	i	i	PRON
taxlaw-2830	441	2	d.	d.	NOUN
taxlaw-2830	441	3	in	in	ADP
taxlaw-2830	441	4	some	some	DET
taxlaw-2830	441	5	cases	case	NOUN
taxlaw-2830	441	6	,	,	PUNCT
taxlaw-2830	441	7	the	the	DET
taxlaw-2830	441	8	charge	charge	NOUN
taxlaw-2830	441	9	for	for	ADP
taxlaw-2830	441	10	services	service	NOUN
taxlaw-2830	441	11	is	be	AUX
taxlaw-2830	441	12	not	not	PART
taxlaw-2830	441	13	separately	separately	ADV
taxlaw-2830	441	14	stated	state	VERB
taxlaw-2830	441	15	,	,	PUNCT
taxlaw-2830	441	16	so	so	ADV
taxlaw-2830	441	17	the	the	DET
taxlaw-2830	441	18	government	government	NOUN
taxlaw-2830	441	19	pays	pay	VERB
taxlaw-2830	441	20	the	the	DET
taxlaw-2830	441	21	entire	entire	ADJ
taxlaw-2830	441	22	amount	amount	NOUN
taxlaw-2830	441	23	to	to	ADP
taxlaw-2830	441	24	the	the	DET
taxlaw-2830	441	25	reit	reit	NOUN
taxlaw-2830	441	26	,	,	PUNCT
taxlaw-2830	441	27	and	and	CCONJ
taxlaw-2830	441	28	the	the	DET
taxlaw-2830	441	29	reit	reit	NOUN
taxlaw-2830	441	30	pays	pay	VERB
taxlaw-2830	441	31	the	the	DET
taxlaw-2830	441	32	trs	trs	PROPN
taxlaw-2830	441	33	a	a	DET
taxlaw-2830	441	34	fee	fee	NOUN
taxlaw-2830	441	35	for	for	ADP
taxlaw-2830	441	36	providing	provide	VERB
taxlaw-2830	441	37	the	the	DET
taxlaw-2830	441	38	services	service	NOUN
taxlaw-2830	441	39	.	.	PUNCT
taxlaw-2830	442	1	80	80	NUM
taxlaw-2830	442	2	i.r.c	i.r.c	NOUN
taxlaw-2830	442	3	.	.	PUNCT
taxlaw-2830	443	1	§	§	PROPN
taxlaw-2830	443	2	856(c)(4)(b)(ii	856(c)(4)(b)(ii	NUM
taxlaw-2830	443	3	)	)	PUNCT
taxlaw-2830	443	4	.	.	PUNCT
taxlaw-2830	444	1	81	81	NUM
taxlaw-2830	444	2	this	this	DET
taxlaw-2830	444	3	structure	structure	NOUN
taxlaw-2830	444	4	is	be	AUX
taxlaw-2830	444	5	similar	similar	ADJ
taxlaw-2830	444	6	to	to	ADP
taxlaw-2830	444	7	the	the	DET
taxlaw-2830	444	8	structure	structure	NOUN
taxlaw-2830	444	9	used	use	VERB
taxlaw-2830	444	10	by	by	ADP
taxlaw-2830	444	11	penn	penn	PROPN
taxlaw-2830	444	12	national	national	PROPN
taxlaw-2830	444	13	gaming	gaming	PROPN
taxlaw-2830	444	14	inc	inc	PROPN
taxlaw-2830	444	15	.	.	PROPN
taxlaw-2830	445	1	after	after	ADP
taxlaw-2830	445	2	engaging	engage	VERB
taxlaw-2830	445	3	in	in	ADP
taxlaw-2830	445	4	a	a	DET
taxlaw-2830	445	5	spin	spin	NOUN
taxlaw-2830	445	6	-	-	PUNCT
taxlaw-2830	445	7	off	off	NOUN
taxlaw-2830	445	8	.	.	PUNCT
taxlaw-2830	446	1	for	for	ADP
taxlaw-2830	446	2	a	a	DET
taxlaw-2830	446	3	description	description	NOUN
taxlaw-2830	446	4	of	of	ADP
taxlaw-2830	446	5	the	the	DET
taxlaw-2830	446	6	spin	spin	NOUN
taxlaw-2830	446	7	-	-	PUNCT
taxlaw-2830	446	8	off	off	NOUN
taxlaw-2830	446	9	and	and	CCONJ
taxlaw-2830	446	10	the	the	DET
taxlaw-2830	446	11	private	private	ADJ
taxlaw-2830	446	12	letter	letter	NOUN
taxlaw-2830	446	13	ruling	ruling	NOUN
taxlaw-2830	446	14	obtained	obtain	VERB
taxlaw-2830	446	15	by	by	ADP
taxlaw-2830	446	16	penn	penn	PROPN
taxlaw-2830	446	17	national	national	PROPN
taxlaw-2830	446	18	gaming	gaming	PROPN
taxlaw-2830	446	19	inc	inc	PROPN
taxlaw-2830	446	20	.	.	PROPN
taxlaw-2830	446	21	,	,	PUNCT
taxlaw-2830	446	22	see	see	VERB
taxlaw-2830	446	23	robert	robert	PROPN
taxlaw-2830	446	24	willens	willens	PROPN
taxlaw-2830	446	25	,	,	PUNCT
taxlaw-2830	446	26	analyzing	analyze	VERB
taxlaw-2830	446	27	penn	penn	PROPN
taxlaw-2830	446	28	national	national	PROPN
taxlaw-2830	446	29	gaming	gaming	PROPN
taxlaw-2830	446	30	’s	’s	PART
taxlaw-2830	446	31	groundbreaking	groundbreake	VERB
taxlaw-2830	446	32	irs	irs	PROPN
taxlaw-2830	446	33	ruling	ruling	NOUN
taxlaw-2830	446	34	,	,	PUNCT
taxlaw-2830	446	35	2013	2013	NUM
taxlaw-2830	446	36	tax	tax	NOUN
taxlaw-2830	446	37	notes	note	NOUN
taxlaw-2830	446	38	today	today	NOUN
taxlaw-2830	446	39	239	239	NUM
taxlaw-2830	446	40	-	-	SYM
taxlaw-2830	446	41	10	10	NUM
taxlaw-2830	446	42	(	(	PUNCT
taxlaw-2830	446	43	sept	sept	PROPN
taxlaw-2830	446	44	.	.	PROPN
taxlaw-2830	446	45	16	16	NUM
taxlaw-2830	446	46	,	,	PUNCT
taxlaw-2830	446	47	2013	2013	NUM
taxlaw-2830	446	48	)	)	PUNCT
taxlaw-2830	446	49	.	.	PUNCT
taxlaw-2830	447	1	82	82	NUM
taxlaw-2830	447	2	rent	rent	NOUN
taxlaw-2830	447	3	from	from	ADP
taxlaw-2830	447	4	real	real	ADJ
taxlaw-2830	447	5	property	property	NOUN
taxlaw-2830	447	6	does	do	AUX
taxlaw-2830	447	7	not	not	PART
taxlaw-2830	447	8	include	include	VERB
taxlaw-2830	447	9	an	an	DET
taxlaw-2830	447	10	amount	amount	NOUN
taxlaw-2830	447	11	that	that	PRON
taxlaw-2830	447	12	depends	depend	VERB
taxlaw-2830	447	13	on	on	ADP
taxlaw-2830	447	14	the	the	DET
taxlaw-2830	447	15	income	income	NOUN
taxlaw-2830	447	16	or	or	CCONJ
taxlaw-2830	447	17	profit	profit	NOUN
taxlaw-2830	447	18	derived	derive	VERB
taxlaw-2830	447	19	from	from	ADP
taxlaw-2830	447	20	property	property	NOUN
taxlaw-2830	447	21	by	by	ADP
taxlaw-2830	447	22	any	any	DET
taxlaw-2830	447	23	person	person	NOUN
taxlaw-2830	447	24	;	;	PUNCT
taxlaw-2830	447	25	however	however	ADV
taxlaw-2830	447	26	,	,	PUNCT
taxlaw-2830	447	27	an	an	DET
taxlaw-2830	447	28	amount	amount	NOUN
taxlaw-2830	447	29	will	will	AUX
taxlaw-2830	447	30	not	not	PART
taxlaw-2830	447	31	be	be	AUX
taxlaw-2830	447	32	excluded	exclude	VERB
taxlaw-2830	447	33	from	from	ADP
taxlaw-2830	447	34	rent	rent	NOUN
taxlaw-2830	447	35	solely	solely	ADV
taxlaw-2830	447	36	because	because	SCONJ
taxlaw-2830	447	37	it	it	PRON
taxlaw-2830	447	38	is	be	AUX
taxlaw-2830	447	39	based	base	VERB
taxlaw-2830	447	40	on	on	ADP
taxlaw-2830	447	41	a	a	DET
taxlaw-2830	447	42	fixed	fix	VERB
taxlaw-2830	447	43	percentage	percentage	NOUN
taxlaw-2830	447	44	or	or	CCONJ
taxlaw-2830	447	45	percentages	percentage	NOUN
taxlaw-2830	447	46	of	of	ADP
taxlaw-2830	447	47	receipts	receipt	NOUN
taxlaw-2830	447	48	or	or	CCONJ
taxlaw-2830	447	49	sales	sale	NOUN
taxlaw-2830	447	50	.	.	PUNCT
taxlaw-2830	448	1	i.r.c	i.r.c	NOUN
taxlaw-2830	448	2	.	.	PUNCT
taxlaw-2830	449	1	§	§	PROPN
taxlaw-2830	449	2	856(d)(2)(a	856(d)(2)(a	NUM
taxlaw-2830	449	3	)	)	PUNCT
taxlaw-2830	449	4	.	.	PUNCT
taxlaw-2830	450	1	furthermore	furthermore	ADV
taxlaw-2830	450	2	,	,	PUNCT
taxlaw-2830	450	3	penn	penn	PROPN
taxlaw-2830	450	4	national	national	PROPN
taxlaw-2830	450	5	gaming	gaming	PROPN
taxlaw-2830	450	6	received	receive	VERB
taxlaw-2830	450	7	a	a	DET
taxlaw-2830	450	8	private	private	ADJ
taxlaw-2830	450	9	letter	letter	NOUN
taxlaw-2830	450	10	ruling	ruling	NOUN
taxlaw-2830	450	11	stating	state	VERB
taxlaw-2830	450	12	that	that	SCONJ
taxlaw-2830	450	13	the	the	DET
taxlaw-2830	450	14	amount	amount	NOUN
taxlaw-2830	450	15	paid	pay	VERB
taxlaw-2830	450	16	by	by	ADP
taxlaw-2830	450	17	the	the	DET
taxlaw-2830	450	18	non	non	PROPN
taxlaw-2830	450	19	-	-	NOUN
taxlaw-2830	450	20	reit	reit	NOUN
taxlaw-2830	450	21	would	would	AUX
taxlaw-2830	450	22	be	be	AUX
taxlaw-2830	450	23	treated	treat	VERB
taxlaw-2830	450	24	as	as	ADP
taxlaw-2830	450	25	rent	rent	NOUN
taxlaw-2830	450	26	from	from	ADP
taxlaw-2830	450	27	real	real	ADJ
taxlaw-2830	450	28	property	property	NOUN
taxlaw-2830	450	29	.	.	PUNCT
taxlaw-2830	451	1	see	see	VERB
taxlaw-2830	451	2	willens	willen	NOUN
taxlaw-2830	451	3	,	,	PUNCT
taxlaw-2830	451	4	supra	supra	PROPN
taxlaw-2830	451	5	note	note	NOUN
taxlaw-2830	451	6	81	81	NUM
taxlaw-2830	451	7	.	.	SYM
taxlaw-2830	451	8	83	83	NUM
taxlaw-2830	451	9	see	see	ADJ
taxlaw-2830	451	10	i.r.c	i.r.c	NOUN
taxlaw-2830	451	11	.	.	PUNCT
taxlaw-2830	452	1	§	§	PROPN
taxlaw-2830	452	2	856(d)(2)(b	856(d)(2)(b	PROPN
taxlaw-2830	452	3	)	)	PUNCT
taxlaw-2830	452	4	(	(	PUNCT
taxlaw-2830	452	5	setting	set	VERB
taxlaw-2830	452	6	forth	forth	ADP
taxlaw-2830	452	7	the	the	DET
taxlaw-2830	452	8	general	general	ADJ
taxlaw-2830	452	9	rule	rule	NOUN
taxlaw-2830	452	10	that	that	SCONJ
taxlaw-2830	452	11	payments	payment	NOUN
taxlaw-2830	452	12	from	from	ADP
taxlaw-2830	452	13	related	related	ADJ
taxlaw-2830	452	14	persons	person	NOUN
taxlaw-2830	452	15	are	be	AUX
taxlaw-2830	452	16	not	not	PART
taxlaw-2830	452	17	treated	treat	VERB
taxlaw-2830	452	18	as	as	ADP
taxlaw-2830	452	19	rent	rent	NOUN
taxlaw-2830	452	20	)	)	PUNCT
taxlaw-2830	452	21	;	;	PUNCT
taxlaw-2830	452	22	i.r.c	i.r.c	NOUN
taxlaw-2830	452	23	.	.	PUNCT
taxlaw-2830	453	1	§	§	PROPN
taxlaw-2830	453	2	856(d)(5	856(d)(5	NUM
taxlaw-2830	453	3	)	)	PUNCT
taxlaw-2830	453	4	(	(	PUNCT
taxlaw-2830	453	5	providing	provide	VERB
taxlaw-2830	453	6	that	that	DET
taxlaw-2830	453	7	constructive	constructive	ADJ
taxlaw-2830	453	8	ownership	ownership	NOUN
taxlaw-2830	453	9	rules	rule	NOUN
taxlaw-2830	453	10	will	will	AUX
taxlaw-2830	453	11	apply	apply	VERB
taxlaw-2830	453	12	when	when	SCONJ
taxlaw-2830	453	13	determining	determine	VERB
taxlaw-2830	453	14	whether	whether	SCONJ
taxlaw-2830	453	15	a	a	DET
taxlaw-2830	453	16	person	person	NOUN
taxlaw-2830	453	17	is	be	AUX
taxlaw-2830	453	18	related	relate	VERB
taxlaw-2830	453	19	to	to	ADP
taxlaw-2830	453	20	a	a	DET
taxlaw-2830	453	21	reit	reit	NOUN
taxlaw-2830	453	22	)	)	PUNCT
taxlaw-2830	453	23	;	;	PUNCT
taxlaw-2830	453	24	i.r.c	i.r.c	NOUN
taxlaw-2830	453	25	.	.	PUNCT
taxlaw-2830	454	1	§	§	PROPN
taxlaw-2830	454	2	856(d)(8	856(d)(8	NUM
taxlaw-2830	454	3	)	)	PUNCT
taxlaw-2830	454	4	(	(	PUNCT
taxlaw-2830	454	5	describing	describe	VERB
taxlaw-2830	454	6	limited	limited	ADJ
taxlaw-2830	454	7	circumstances	circumstance	NOUN
taxlaw-2830	454	8	in	in	ADP
taxlaw-2830	454	9	which	which	PRON
taxlaw-2830	454	10	amounts	amount	NOUN
taxlaw-2830	454	11	received	receive	VERB
taxlaw-2830	454	12	from	from	ADP
taxlaw-2830	454	13	a	a	DET
taxlaw-2830	454	14	related	relate	VERB
taxlaw-2830	454	15	person	person	NOUN
taxlaw-2830	454	16	can	can	AUX
taxlaw-2830	454	17	be	be	AUX
taxlaw-2830	454	18	treated	treat	VERB
taxlaw-2830	454	19	as	as	ADP
taxlaw-2830	454	20	rent	rent	NOUN
taxlaw-2830	454	21	)	)	PUNCT
taxlaw-2830	454	22	.	.	PUNCT
taxlaw-2830	455	1	84	84	NUM
taxlaw-2830	455	2	for	for	ADP
taxlaw-2830	455	3	additional	additional	ADJ
taxlaw-2830	455	4	discussion	discussion	NOUN
taxlaw-2830	455	5	of	of	ADP
taxlaw-2830	455	6	this	this	DET
taxlaw-2830	455	7	transaction	transaction	NOUN
taxlaw-2830	455	8	,	,	PUNCT
taxlaw-2830	455	9	see	see	VERB
taxlaw-2830	455	10	,	,	PUNCT
taxlaw-2830	455	11	e.g.	e.g.	ADV
taxlaw-2830	455	12	,	,	PUNCT
taxlaw-2830	455	13	thomas	thomas	PROPN
taxlaw-2830	455	14	gryta	gryta	PROPN
taxlaw-2830	455	15	&	&	CCONJ
taxlaw-2830	455	16	ryan	ryan	PROPN
taxlaw-2830	455	17	knutson	knutson	PROPN
taxlaw-2830	455	18	,	,	PUNCT
taxlaw-2830	455	19	windstream	windstream	PROPN
taxlaw-2830	455	20	cleared	clear	VERB
taxlaw-2830	455	21	to	to	PART
taxlaw-2830	455	22	cut	cut	VERB
taxlaw-2830	455	23	taxes	taxis	NOUN
taxlaw-2830	455	24	by	by	ADP
taxlaw-2830	455	25	forming	form	VERB
taxlaw-2830	455	26	a	a	DET
taxlaw-2830	455	27	reit	reit	NOUN
taxlaw-2830	455	28	;	;	PUNCT
taxlaw-2830	455	29	irs	irs	PROPN
taxlaw-2830	455	30	allows	allow	VERB
taxlaw-2830	455	31	firm	firm	ADJ
taxlaw-2830	455	32	to	to	PART
taxlaw-2830	455	33	classify	classify	VERB
taxlaw-2830	455	34	its	its	PRON
taxlaw-2830	455	35	phone	phone	NOUN
taxlaw-2830	455	36	lines	line	NOUN
taxlaw-2830	455	37	as	as	ADP
taxlaw-2830	455	38	real	real	ADJ
taxlaw-2830	455	39	estate	estate	NOUN
taxlaw-2830	455	40	,	,	PUNCT
taxlaw-2830	455	41	wall	wall	PROPN
taxlaw-2830	455	42	street	street	PROPN
taxlaw-2830	455	43	journal	journal	PROPN
taxlaw-2830	455	44	online	online	ADV
taxlaw-2830	455	45	(	(	PUNCT
taxlaw-2830	455	46	july	july	PROPN
taxlaw-2830	455	47	30	30	NUM
taxlaw-2830	455	48	,	,	PUNCT
taxlaw-2830	455	49	2014	2014	NUM
taxlaw-2830	455	50	)	)	PUNCT
taxlaw-2830	455	51	.	.	PUNCT
taxlaw-2830	456	1	reit	reit	PROPN
taxlaw-2830	456	2	unrelated	unrelated	ADJ
taxlaw-2830	456	3	non	non	ADJ
taxlaw-2830	456	4	-	-	ADJ
taxlaw-2830	456	5	reit	reit	ADJ
taxlaw-2830	456	6	casino	casino	NOUN
taxlaw-2830	456	7	building	building	NOUN
taxlaw-2830	456	8	rent	rent	NOUN
taxlaw-2830	456	9	lease	lease	PROPN
taxlaw-2830	456	10	columbia	columbia	PROPN
taxlaw-2830	456	11	journal	journal	PROPN
taxlaw-2830	456	12	of	of	ADP
taxlaw-2830	456	13	tax	tax	NOUN
taxlaw-2830	456	14	law	law	NOUN
taxlaw-2830	457	1	[	[	X
taxlaw-2830	457	2	vol.6:147	vol.6:147	NOUN
taxlaw-2830	457	3	162	162	NUM
taxlaw-2830	457	4	although	although	SCONJ
taxlaw-2830	457	5	the	the	DET
taxlaw-2830	457	6	structuring	structuring	NOUN
taxlaw-2830	457	7	techniques	technique	NOUN
taxlaw-2830	457	8	used	use	VERB
taxlaw-2830	457	9	vary	vary	VERB
taxlaw-2830	457	10	from	from	ADP
taxlaw-2830	457	11	case	case	NOUN
taxlaw-2830	457	12	to	to	PART
taxlaw-2830	457	13	case	case	VERB
taxlaw-2830	457	14	,	,	PUNCT
taxlaw-2830	457	15	they	they	PRON
taxlaw-2830	457	16	have	have	VERB
taxlaw-2830	457	17	a	a	DET
taxlaw-2830	457	18	common	common	ADJ
taxlaw-2830	457	19	theme	theme	NOUN
taxlaw-2830	457	20	.	.	PUNCT
taxlaw-2830	458	1	in	in	ADP
taxlaw-2830	458	2	order	order	NOUN
taxlaw-2830	458	3	to	to	PART
taxlaw-2830	458	4	maintain	maintain	VERB
taxlaw-2830	458	5	the	the	DET
taxlaw-2830	458	6	entity‘s	entity‘s	PROPN
taxlaw-2830	458	7	desired	desire	VERB
taxlaw-2830	458	8	classification	classification	NOUN
taxlaw-2830	458	9	,	,	PUNCT
taxlaw-2830	458	10	the	the	DET
taxlaw-2830	458	11	entity	entity	NOUN
taxlaw-2830	458	12	does	do	AUX
taxlaw-2830	458	13	not	not	PART
taxlaw-2830	458	14	directly	directly	ADV
taxlaw-2830	458	15	earn	earn	VERB
taxlaw-2830	458	16	any	any	DET
taxlaw-2830	458	17	non	non	ADJ
taxlaw-2830	458	18	-	-	ADJ
taxlaw-2830	458	19	qualifying	qualifying	ADJ
taxlaw-2830	458	20	income	income	NOUN
taxlaw-2830	458	21	,	,	PUNCT
taxlaw-2830	458	22	but	but	CCONJ
taxlaw-2830	458	23	instead	instead	ADV
taxlaw-2830	458	24	this	this	DET
taxlaw-2830	458	25	income	income	NOUN
taxlaw-2830	458	26	is	be	AUX
taxlaw-2830	458	27	earned	earn	VERB
taxlaw-2830	458	28	by	by	ADP
taxlaw-2830	458	29	a	a	DET
taxlaw-2830	458	30	corporate	corporate	ADJ
taxlaw-2830	458	31	subsidiary	subsidiary	NOUN
taxlaw-2830	458	32	or	or	CCONJ
taxlaw-2830	458	33	by	by	ADP
taxlaw-2830	458	34	an	an	DET
taxlaw-2830	458	35	unrelated	unrelated	ADJ
taxlaw-2830	458	36	corporation	corporation	NOUN
taxlaw-2830	458	37	.	.	PUNCT
taxlaw-2830	459	1	iii	iii	X
taxlaw-2830	459	2	.	.	PUNCT
taxlaw-2830	459	3	potential	potential	ADJ
taxlaw-2830	459	4	justifications	justification	NOUN
taxlaw-2830	459	5	for	for	ADP
taxlaw-2830	459	6	current	current	ADJ
taxlaw-2830	459	7	taxation	taxation	NOUN
taxlaw-2830	459	8	of	of	ADP
taxlaw-2830	459	9	publicly	publicly	ADV
taxlaw-2830	459	10	traded	trade	VERB
taxlaw-2830	459	11	entities	entity	NOUN
taxlaw-2830	459	12	as	as	SCONJ
taxlaw-2830	459	13	described	describe	VERB
taxlaw-2830	459	14	above	above	ADV
taxlaw-2830	459	15	,	,	PUNCT
taxlaw-2830	459	16	recent	recent	ADJ
taxlaw-2830	459	17	years	year	NOUN
taxlaw-2830	459	18	have	have	AUX
taxlaw-2830	459	19	witnessed	witness	VERB
taxlaw-2830	459	20	an	an	DET
taxlaw-2830	459	21	expansion	expansion	NOUN
taxlaw-2830	459	22	of	of	ADP
taxlaw-2830	459	23	the	the	DET
taxlaw-2830	459	24	universe	universe	NOUN
taxlaw-2830	459	25	of	of	ADP
taxlaw-2830	459	26	publicly	publicly	ADV
taxlaw-2830	459	27	traded	trade	VERB
taxlaw-2830	459	28	entities	entity	NOUN
taxlaw-2830	459	29	that	that	PRON
taxlaw-2830	459	30	employ	employ	VERB
taxlaw-2830	459	31	tax	tax	NOUN
taxlaw-2830	459	32	structuring	structuring	NOUN
taxlaw-2830	459	33	techniques	technique	NOUN
taxlaw-2830	459	34	in	in	ADP
taxlaw-2830	459	35	order	order	NOUN
taxlaw-2830	459	36	to	to	PART
taxlaw-2830	459	37	benefit	benefit	VERB
taxlaw-2830	459	38	from	from	ADP
taxlaw-2830	459	39	special	special	ADJ
taxlaw-2830	459	40	tax	tax	NOUN
taxlaw-2830	459	41	treatment	treatment	NOUN
taxlaw-2830	459	42	traditionally	traditionally	ADV
taxlaw-2830	459	43	reserved	reserve	VERB
taxlaw-2830	459	44	for	for	ADP
taxlaw-2830	459	45	entities	entity	NOUN
taxlaw-2830	459	46	that	that	PRON
taxlaw-2830	459	47	earn	earn	AUX
taxlaw-2830	459	48	predominately	predominately	ADV
taxlaw-2830	459	49	qualifying	qualify	VERB
taxlaw-2830	459	50	income	income	NOUN
taxlaw-2830	459	51	.	.	PUNCT
taxlaw-2830	460	1	this	this	DET
taxlaw-2830	460	2	trend	trend	NOUN
taxlaw-2830	460	3	has	have	AUX
taxlaw-2830	460	4	not	not	PART
taxlaw-2830	460	5	gone	go	VERB
taxlaw-2830	460	6	unnoticed	unnoticed	ADJ
taxlaw-2830	460	7	.	.	PUNCT
taxlaw-2830	461	1	the	the	DET
taxlaw-2830	461	2	popular	popular	ADJ
taxlaw-2830	461	3	press	press	NOUN
taxlaw-2830	461	4	,	,	PUNCT
taxlaw-2830	461	5	the	the	DET
taxlaw-2830	461	6	irs	irs	PROPN
taxlaw-2830	461	7	,	,	PUNCT
taxlaw-2830	461	8	and	and	CCONJ
taxlaw-2830	461	9	members	member	NOUN
taxlaw-2830	461	10	of	of	ADP
taxlaw-2830	461	11	congress	congress	PROPN
taxlaw-2830	461	12	have	have	AUX
taxlaw-2830	461	13	each	each	PRON
taxlaw-2830	461	14	given	give	VERB
taxlaw-2830	461	15	the	the	DET
taxlaw-2830	461	16	matter	matter	NOUN
taxlaw-2830	461	17	attention	attention	NOUN
taxlaw-2830	461	18	,	,	PUNCT
taxlaw-2830	461	19	sometimes	sometimes	ADV
taxlaw-2830	461	20	calling	call	VERB
taxlaw-2830	461	21	for	for	ADP
taxlaw-2830	461	22	reforms	reform	NOUN
taxlaw-2830	461	23	that	that	PRON
taxlaw-2830	461	24	would	would	AUX
taxlaw-2830	461	25	halt	halt	VERB
taxlaw-2830	461	26	the	the	DET
taxlaw-2830	461	27	current	current	ADJ
taxlaw-2830	461	28	expansion	expansion	NOUN
taxlaw-2830	461	29	or	or	CCONJ
taxlaw-2830	461	30	otherwise	otherwise	ADV
taxlaw-2830	461	31	limit	limit	VERB
taxlaw-2830	461	32	the	the	DET
taxlaw-2830	461	33	ability	ability	NOUN
taxlaw-2830	461	34	of	of	ADP
taxlaw-2830	461	35	publicly	publicly	ADV
taxlaw-2830	461	36	traded	trade	VERB
taxlaw-2830	461	37	entities	entity	NOUN
taxlaw-2830	461	38	to	to	PART
taxlaw-2830	461	39	escape	escape	VERB
taxlaw-2830	461	40	corporate	corporate	ADJ
taxlaw-2830	461	41	tax	tax	NOUN
taxlaw-2830	461	42	treatment	treatment	NOUN
taxlaw-2830	461	43	.	.	PUNCT
taxlaw-2830	461	44	85	85	NUM
taxlaw-2830	461	45	in	in	ADP
taxlaw-2830	461	46	order	order	NOUN
taxlaw-2830	461	47	to	to	PART
taxlaw-2830	461	48	place	place	VERB
taxlaw-2830	461	49	the	the	DET
taxlaw-2830	461	50	recent	recent	ADJ
taxlaw-2830	461	51	trends	trend	NOUN
taxlaw-2830	461	52	in	in	ADP
taxlaw-2830	461	53	context	context	NOUN
taxlaw-2830	461	54	and	and	CCONJ
taxlaw-2830	461	55	evaluate	evaluate	VERB
taxlaw-2830	461	56	the	the	DET
taxlaw-2830	461	57	wisdom	wisdom	NOUN
taxlaw-2830	461	58	of	of	ADP
taxlaw-2830	461	59	enacting	enact	VERB
taxlaw-2830	461	60	reform	reform	NOUN
taxlaw-2830	461	61	,	,	PUNCT
taxlaw-2830	461	62	this	this	DET
taxlaw-2830	461	63	section	section	NOUN
taxlaw-2830	461	64	will	will	AUX
taxlaw-2830	461	65	examine	examine	VERB
taxlaw-2830	461	66	potential	potential	ADJ
taxlaw-2830	461	67	rationales	rationale	NOUN
taxlaw-2830	461	68	for	for	ADP
taxlaw-2830	461	69	the	the	DET
taxlaw-2830	461	70	current	current	ADJ
taxlaw-2830	461	71	state	state	NOUN
taxlaw-2830	461	72	of	of	ADP
taxlaw-2830	461	73	the	the	DET
taxlaw-2830	461	74	law	law	NOUN
taxlaw-2830	461	75	.	.	PUNCT
taxlaw-2830	462	1	in	in	ADP
taxlaw-2830	462	2	particular	particular	ADJ
taxlaw-2830	462	3	,	,	PUNCT
taxlaw-2830	462	4	this	this	DET
taxlaw-2830	462	5	section	section	NOUN
taxlaw-2830	462	6	will	will	AUX
taxlaw-2830	462	7	first	first	ADV
taxlaw-2830	462	8	address	address	VERB
taxlaw-2830	462	9	the	the	DET
taxlaw-2830	462	10	question	question	NOUN
taxlaw-2830	462	11	of	of	ADP
taxlaw-2830	462	12	why	why	SCONJ
taxlaw-2830	462	13	publicly	publicly	ADV
taxlaw-2830	462	14	traded	trade	VERB
taxlaw-2830	462	15	entities	entity	NOUN
taxlaw-2830	462	16	are	be	AUX
taxlaw-2830	462	17	generally	generally	ADV
taxlaw-2830	462	18	subject	subject	ADJ
taxlaw-2830	462	19	to	to	ADP
taxlaw-2830	462	20	corporate	corporate	ADJ
taxlaw-2830	462	21	tax	tax	NOUN
taxlaw-2830	462	22	treatment	treatment	NOUN
taxlaw-2830	462	23	.	.	PUNCT
taxlaw-2830	463	1	next	next	ADV
taxlaw-2830	463	2	,	,	PUNCT
taxlaw-2830	463	3	this	this	DET
taxlaw-2830	463	4	section	section	NOUN
taxlaw-2830	463	5	will	will	AUX
taxlaw-2830	463	6	discuss	discuss	VERB
taxlaw-2830	463	7	rationales	rationale	NOUN
taxlaw-2830	463	8	that	that	PRON
taxlaw-2830	463	9	might	might	AUX
taxlaw-2830	463	10	justify	justify	VERB
taxlaw-2830	463	11	granting	grant	VERB
taxlaw-2830	463	12	special	special	ADJ
taxlaw-2830	463	13	tax	tax	NOUN
taxlaw-2830	463	14	treatment	treatment	NOUN
taxlaw-2830	463	15	to	to	PART
taxlaw-2830	463	16	publicly	publicly	ADV
taxlaw-2830	463	17	traded	trade	VERB
taxlaw-2830	463	18	entities	entity	NOUN
taxlaw-2830	463	19	that	that	PRON
taxlaw-2830	463	20	earn	earn	AUX
taxlaw-2830	463	21	predominately	predominately	ADV
taxlaw-2830	463	22	qualifying	qualify	VERB
taxlaw-2830	463	23	income	income	NOUN
taxlaw-2830	463	24	.	.	PUNCT
taxlaw-2830	464	1	a.	a.	NOUN
taxlaw-2830	465	1	why	why	SCONJ
taxlaw-2830	465	2	public	public	ADJ
taxlaw-2830	465	3	trading	trading	NOUN
taxlaw-2830	465	4	?	?	PUNCT
taxlaw-2830	466	1	fundamentally	fundamentally	ADV
taxlaw-2830	466	2	,	,	PUNCT
taxlaw-2830	466	3	explaining	explain	VERB
taxlaw-2830	466	4	why	why	SCONJ
taxlaw-2830	466	5	publicly	publicly	ADV
taxlaw-2830	466	6	traded	trade	VERB
taxlaw-2830	466	7	entities	entity	NOUN
taxlaw-2830	466	8	are	be	AUX
taxlaw-2830	466	9	generally	generally	ADV
taxlaw-2830	466	10	subject	subject	ADJ
taxlaw-2830	466	11	to	to	ADP
taxlaw-2830	466	12	corporate	corporate	ADJ
taxlaw-2830	466	13	level	level	NOUN
taxlaw-2830	466	14	tax	tax	NOUN
taxlaw-2830	466	15	is	be	AUX
taxlaw-2830	466	16	a	a	DET
taxlaw-2830	466	17	difficult	difficult	ADJ
taxlaw-2830	466	18	task	task	NOUN
taxlaw-2830	466	19	because	because	SCONJ
taxlaw-2830	466	20	there	there	PRON
taxlaw-2830	466	21	is	be	VERB
taxlaw-2830	466	22	no	no	DET
taxlaw-2830	466	23	consensus	consensus	NOUN
taxlaw-2830	466	24	regarding	regard	VERB
taxlaw-2830	466	25	why	why	SCONJ
taxlaw-2830	466	26	the	the	DET
taxlaw-2830	466	27	corporate	corporate	ADJ
taxlaw-2830	466	28	tax	tax	NOUN
taxlaw-2830	466	29	system	system	NOUN
taxlaw-2830	466	30	exists	exist	VERB
taxlaw-2830	466	31	at	at	ADV
taxlaw-2830	466	32	all	all	ADV
taxlaw-2830	466	33	or	or	CCONJ
taxlaw-2830	466	34	why	why	SCONJ
taxlaw-2830	466	35	only	only	ADV
taxlaw-2830	466	36	some	some	DET
taxlaw-2830	466	37	business	business	NOUN
taxlaw-2830	466	38	entities	entity	NOUN
taxlaw-2830	466	39	are	be	AUX
taxlaw-2830	466	40	subject	subject	ADJ
taxlaw-2830	466	41	to	to	ADP
taxlaw-2830	466	42	it	it	PRON
taxlaw-2830	466	43	.	.	PUNCT
taxlaw-2830	467	1	86	86	NUM
taxlaw-2830	467	2	indeed	indeed	ADV
taxlaw-2830	467	3	,	,	PUNCT
taxlaw-2830	467	4	legal	legal	ADJ
taxlaw-2830	467	5	scholars	scholar	NOUN
taxlaw-2830	467	6	,	,	PUNCT
taxlaw-2830	467	7	economists	economist	NOUN
taxlaw-2830	467	8	,	,	PUNCT
taxlaw-2830	467	9	and	and	CCONJ
taxlaw-2830	467	10	others	other	NOUN
taxlaw-2830	467	11	have	have	AUX
taxlaw-2830	467	12	long	long	ADV
taxlaw-2830	467	13	advocated	advocate	VERB
taxlaw-2830	467	14	for	for	ADP
taxlaw-2830	467	15	reform	reform	NOUN
taxlaw-2830	467	16	to	to	ADP
taxlaw-2830	467	17	the	the	DET
taxlaw-2830	467	18	corporate	corporate	ADJ
taxlaw-2830	467	19	tax	tax	NOUN
taxlaw-2830	467	20	system	system	NOUN
taxlaw-2830	467	21	that	that	PRON
taxlaw-2830	467	22	would	would	AUX
taxlaw-2830	467	23	integrate	integrate	VERB
taxlaw-2830	467	24	the	the	DET
taxlaw-2830	467	25	entity	entity	NOUN
taxlaw-2830	467	26	-	-	PUNCT
taxlaw-2830	467	27	level	level	NOUN
taxlaw-2830	467	28	tax	tax	NOUN
taxlaw-2830	467	29	and	and	CCONJ
taxlaw-2830	467	30	the	the	DET
taxlaw-2830	467	31	tax	tax	NOUN
taxlaw-2830	467	32	that	that	PRON
taxlaw-2830	467	33	applies	apply	VERB
taxlaw-2830	467	34	to	to	ADP
taxlaw-2830	467	35	shareholders	shareholder	NOUN
taxlaw-2830	467	36	,	,	PUNCT
taxlaw-2830	467	37	eliminating	eliminate	VERB
taxlaw-2830	467	38	the	the	DET
taxlaw-2830	467	39	double	double	ADJ
taxlaw-2830	467	40	tax	tax	NOUN
taxlaw-2830	467	41	system	system	NOUN
taxlaw-2830	467	42	.	.	PUNCT
taxlaw-2830	468	1	87	87	NUM
taxlaw-2830	468	2	however	however	ADV
taxlaw-2830	468	3	,	,	PUNCT
taxlaw-2830	468	4	starting	start	VERB
taxlaw-2830	468	5	with	with	ADP
taxlaw-2830	468	6	the	the	DET
taxlaw-2830	468	7	premise	premise	NOUN
taxlaw-2830	468	8	that	that	SCONJ
taxlaw-2830	468	9	,	,	PUNCT
taxlaw-2830	468	10	as	as	ADP
taxlaw-2830	468	11	a	a	DET
taxlaw-2830	468	12	practical	practical	ADJ
taxlaw-2830	468	13	matter	matter	NOUN
taxlaw-2830	468	14	,	,	PUNCT
taxlaw-2830	468	15	the	the	DET
taxlaw-2830	468	16	corporate	corporate	ADJ
taxlaw-2830	468	17	tax	tax	NOUN
taxlaw-2830	468	18	system	system	NOUN
taxlaw-2830	468	19	will	will	AUX
taxlaw-2830	468	20	continue	continue	VERB
taxlaw-2830	468	21	to	to	PART
taxlaw-2830	468	22	exist	exist	VERB
taxlaw-2830	468	23	and	and	CCONJ
taxlaw-2830	468	24	that	that	SCONJ
taxlaw-2830	468	25	only	only	ADV
taxlaw-2830	468	26	some	some	DET
taxlaw-2830	468	27	business	business	NOUN
taxlaw-2830	468	28	entities	entity	NOUN
taxlaw-2830	468	29	will	will	AUX
taxlaw-2830	468	30	be	be	AUX
taxlaw-2830	468	31	subject	subject	ADJ
taxlaw-2830	468	32	to	to	ADP
taxlaw-2830	468	33	it	it	PRON
taxlaw-2830	468	34	,	,	PUNCT
taxlaw-2830	468	35	some	some	DET
taxlaw-2830	468	36	scholars	scholar	NOUN
taxlaw-2830	468	37	have	have	AUX
taxlaw-2830	468	38	explained	explain	VERB
taxlaw-2830	468	39	the	the	DET
taxlaw-2830	468	40	establishment	establishment	NOUN
taxlaw-2830	468	41	of	of	ADP
taxlaw-2830	468	42	public	public	ADJ
taxlaw-2830	468	43	trading	trading	NOUN
taxlaw-2830	468	44	as	as	ADP
taxlaw-2830	468	45	the	the	DET
taxlaw-2830	468	46	boundary	boundary	NOUN
taxlaw-2830	468	47	between	between	ADP
taxlaw-2830	468	48	business	business	NOUN
taxlaw-2830	468	49	entities	entity	NOUN
taxlaw-2830	468	50	that	that	PRON
taxlaw-2830	468	51	must	must	AUX
taxlaw-2830	468	52	be	be	AUX
taxlaw-2830	468	53	subject	subject	ADJ
taxlaw-2830	468	54	to	to	ADP
taxlaw-2830	468	55	the	the	DET
taxlaw-2830	468	56	corporate	corporate	ADJ
taxlaw-2830	468	57	tax	tax	NOUN
taxlaw-2830	468	58	system	system	NOUN
taxlaw-2830	468	59	and	and	CCONJ
taxlaw-2830	468	60	other	other	ADJ
taxlaw-2830	468	61	business	business	NOUN
taxlaw-2830	468	62	entities	entity	NOUN
taxlaw-2830	468	63	by	by	ADP
taxlaw-2830	468	64	noting	note	VERB
taxlaw-2830	468	65	that	that	SCONJ
taxlaw-2830	468	66	taxpayers	taxpayer	NOUN
taxlaw-2830	468	67	have	have	VERB
taxlaw-2830	468	68	a	a	DET
taxlaw-2830	468	69	difficult	difficult	ADJ
taxlaw-2830	468	70	time	time	NOUN
taxlaw-2830	468	71	avoiding	avoid	VERB
taxlaw-2830	468	72	the	the	DET
taxlaw-2830	468	73	public	public	ADJ
taxlaw-2830	468	74	trading	trading	NOUN
taxlaw-2830	468	75	boundary	boundary	NOUN
taxlaw-2830	468	76	.	.	PUNCT
taxlaw-2830	469	1	88	88	NUM
taxlaw-2830	469	2	85	85	NUM
taxlaw-2830	469	3	see	see	VERB
taxlaw-2830	469	4	supra	supra	PROPN
taxlaw-2830	469	5	notes	note	VERB
taxlaw-2830	469	6	3	3	NUM
taxlaw-2830	469	7	-	-	SYM
taxlaw-2830	469	8	12	12	NUM
taxlaw-2830	469	9	and	and	CCONJ
taxlaw-2830	469	10	accompanying	accompany	VERB
taxlaw-2830	469	11	text	text	NOUN
taxlaw-2830	469	12	.	.	PUNCT
taxlaw-2830	470	1	86	86	NUM
taxlaw-2830	470	2	see	see	VERB
taxlaw-2830	470	3	,	,	PUNCT
taxlaw-2830	470	4	e.g.	e.g.	ADV
taxlaw-2830	470	5	,	,	PUNCT
taxlaw-2830	470	6	sullivan	sullivan	PROPN
taxlaw-2830	470	7	,	,	PUNCT
taxlaw-2830	470	8	supra	supra	PROPN
taxlaw-2830	470	9	note	note	NOUN
taxlaw-2830	470	10	12	12	NUM
taxlaw-2830	470	11	(	(	PUNCT
taxlaw-2830	470	12	―what	―what	ADV
taxlaw-2830	470	13	should	should	AUX
taxlaw-2830	470	14	be	be	AUX
taxlaw-2830	470	15	the	the	DET
taxlaw-2830	470	16	dividing	dividing	NOUN
taxlaw-2830	470	17	line	line	NOUN
taxlaw-2830	470	18	between	between	ADP
taxlaw-2830	470	19	businesses	business	NOUN
taxlaw-2830	470	20	subject	subject	ADJ
taxlaw-2830	470	21	to	to	ADP
taxlaw-2830	470	22	corporate	corporate	ADJ
taxlaw-2830	470	23	tax	tax	NOUN
taxlaw-2830	470	24	and	and	CCONJ
taxlaw-2830	470	25	those	those	PRON
taxlaw-2830	470	26	that	that	PRON
taxlaw-2830	470	27	should	should	AUX
taxlaw-2830	470	28	be	be	AUX
taxlaw-2830	470	29	exempt	exempt	ADJ
taxlaw-2830	470	30	?	?	PUNCT
taxlaw-2830	471	1	that	that	PRON
taxlaw-2830	471	2	's	be	AUX
taxlaw-2830	471	3	not	not	PART
taxlaw-2830	471	4	an	an	DET
taxlaw-2830	471	5	easy	easy	ADJ
taxlaw-2830	471	6	question	question	NOUN
taxlaw-2830	471	7	given	give	VERB
taxlaw-2830	471	8	that	that	SCONJ
taxlaw-2830	471	9	there	there	PRON
taxlaw-2830	471	10	is	be	VERB
taxlaw-2830	471	11	no	no	DET
taxlaw-2830	471	12	economic	economic	ADJ
taxlaw-2830	471	13	justification	justification	NOUN
taxlaw-2830	471	14	for	for	ADP
taxlaw-2830	471	15	the	the	DET
taxlaw-2830	471	16	corporate	corporate	ADJ
taxlaw-2830	471	17	tax	tax	NOUN
taxlaw-2830	471	18	in	in	ADP
taxlaw-2830	471	19	the	the	DET
taxlaw-2830	471	20	first	first	ADJ
taxlaw-2830	471	21	place.‖	place.‖	NOUN
taxlaw-2830	471	22	)	)	PUNCT
taxlaw-2830	471	23	.	.	PUNCT
taxlaw-2830	472	1	87	87	NUM
taxlaw-2830	472	2	a	a	DET
taxlaw-2830	472	3	discussion	discussion	NOUN
taxlaw-2830	472	4	of	of	ADP
taxlaw-2830	472	5	the	the	DET
taxlaw-2830	472	6	arguments	argument	NOUN
taxlaw-2830	472	7	in	in	ADP
taxlaw-2830	472	8	favor	favor	NOUN
taxlaw-2830	472	9	of	of	ADP
taxlaw-2830	472	10	corporate	corporate	ADJ
taxlaw-2830	472	11	tax	tax	NOUN
taxlaw-2830	472	12	integration	integration	NOUN
taxlaw-2830	472	13	is	be	AUX
taxlaw-2830	472	14	beyond	beyond	ADP
taxlaw-2830	472	15	the	the	DET
taxlaw-2830	472	16	scope	scope	NOUN
taxlaw-2830	472	17	of	of	ADP
taxlaw-2830	472	18	this	this	DET
taxlaw-2830	472	19	article	article	NOUN
taxlaw-2830	472	20	.	.	PUNCT
taxlaw-2830	473	1	for	for	ADP
taxlaw-2830	473	2	some	some	DET
taxlaw-2830	473	3	discussion	discussion	NOUN
taxlaw-2830	473	4	of	of	ADP
taxlaw-2830	473	5	this	this	DET
taxlaw-2830	473	6	topic	topic	NOUN
taxlaw-2830	473	7	,	,	PUNCT
taxlaw-2830	473	8	see	see	VERB
taxlaw-2830	473	9	,	,	PUNCT
taxlaw-2830	473	10	e.g.	e.g.	ADV
taxlaw-2830	473	11	,	,	PUNCT
taxlaw-2830	473	12	joseph	joseph	PROPN
taxlaw-2830	473	13	m.	m.	PROPN
taxlaw-2830	473	14	dodge	dodge	PROPN
taxlaw-2830	473	15	,	,	PUNCT
taxlaw-2830	473	16	a	a	DET
taxlaw-2830	473	17	combined	combine	VERB
taxlaw-2830	473	18	mark	mark	NOUN
taxlaw-2830	473	19	-	-	PUNCT
taxlaw-2830	473	20	to	to	ADP
taxlaw-2830	473	21	-	-	PUNCT
taxlaw-2830	473	22	market	market	NOUN
taxlaw-2830	473	23	and	and	CCONJ
taxlaw-2830	473	24	pass	pass	VERB
taxlaw-2830	473	25	-	-	PUNCT
taxlaw-2830	473	26	through	through	ADP
taxlaw-2830	473	27	corporate	corporate	ADJ
taxlaw-2830	473	28	-	-	PUNCT
taxlaw-2830	473	29	shareholder	shareholder	NOUN
taxlaw-2830	473	30	integration	integration	NOUN
taxlaw-2830	473	31	proposal	proposal	NOUN
taxlaw-2830	473	32	,	,	PUNCT
taxlaw-2830	473	33	50	50	NUM
taxlaw-2830	473	34	tax	tax	NOUN
taxlaw-2830	473	35	l.	l.	PROPN
taxlaw-2830	473	36	rev	rev	PROPN
taxlaw-2830	473	37	.	.	PROPN
taxlaw-2830	473	38	265	265	NUM
taxlaw-2830	473	39	,	,	PUNCT
taxlaw-2830	473	40	269	269	NUM
taxlaw-2830	473	41	(	(	PUNCT
taxlaw-2830	473	42	1995	1995	NUM
taxlaw-2830	473	43	)	)	PUNCT
taxlaw-2830	473	44	;	;	PUNCT
taxlaw-2830	473	45	r.	r.	PROPN
taxlaw-2830	473	46	glenn	glenn	PROPN
taxlaw-2830	473	47	hubbard	hubbard	PROPN
taxlaw-2830	473	48	,	,	PUNCT
taxlaw-2830	473	49	corporate	corporate	ADJ
taxlaw-2830	473	50	tax	tax	NOUN
taxlaw-2830	473	51	integration	integration	NOUN
taxlaw-2830	473	52	:	:	PUNCT
taxlaw-2830	473	53	a	a	DET
taxlaw-2830	473	54	view	view	NOUN
taxlaw-2830	473	55	from	from	ADP
taxlaw-2830	473	56	the	the	DET
taxlaw-2830	473	57	treasury	treasury	PROPN
taxlaw-2830	473	58	department	department	NOUN
taxlaw-2830	473	59	,	,	PUNCT
taxlaw-2830	473	60	7	7	NUM
taxlaw-2830	473	61	j.	j.	PROPN
taxlaw-2830	473	62	econ	econ	PROPN
taxlaw-2830	473	63	.	.	PUNCT
taxlaw-2830	474	1	persp	persp	PROPN
taxlaw-2830	474	2	.	.	PUNCT
taxlaw-2830	475	1	115	115	NUM
taxlaw-2830	475	2	,	,	PUNCT
taxlaw-2830	475	3	117	117	NUM
taxlaw-2830	475	4	-	-	SYM
taxlaw-2830	475	5	19	19	NUM
taxlaw-2830	475	6	(	(	PUNCT
taxlaw-2830	475	7	1993	1993	NUM
taxlaw-2830	475	8	)	)	PUNCT
taxlaw-2830	475	9	;	;	PUNCT
taxlaw-2830	475	10	charles	charles	PROPN
taxlaw-2830	475	11	e.	e.	PROPN
taxlaw-2830	475	12	mclure	mclure	PROPN
taxlaw-2830	475	13	,	,	PUNCT
taxlaw-2830	475	14	integration	integration	NOUN
taxlaw-2830	475	15	of	of	ADP
taxlaw-2830	475	16	the	the	DET
taxlaw-2830	475	17	personal	personal	ADJ
taxlaw-2830	475	18	and	and	CCONJ
taxlaw-2830	475	19	corporate	corporate	ADJ
taxlaw-2830	475	20	income	income	NOUN
taxlaw-2830	475	21	taxes	taxis	NOUN
taxlaw-2830	475	22	:	:	PUNCT
taxlaw-2830	475	23	the	the	DET
taxlaw-2830	475	24	missing	missing	ADJ
taxlaw-2830	475	25	element	element	NOUN
taxlaw-2830	475	26	in	in	ADP
taxlaw-2830	475	27	recent	recent	ADJ
taxlaw-2830	475	28	tax	tax	NOUN
taxlaw-2830	475	29	reform	reform	NOUN
taxlaw-2830	475	30	proposals	proposal	NOUN
taxlaw-2830	475	31	,	,	PUNCT
taxlaw-2830	475	32	88	88	NUM
taxlaw-2830	475	33	harv	harv	NOUN
taxlaw-2830	475	34	.	.	PUNCT
taxlaw-2830	476	1	l.	l.	PROPN
taxlaw-2830	476	2	rev	rev	PROPN
taxlaw-2830	476	3	.	.	PROPN
taxlaw-2830	476	4	532	532	NUM
taxlaw-2830	476	5	,	,	PUNCT
taxlaw-2830	476	6	540	540	NUM
taxlaw-2830	476	7	-	-	SYM
taxlaw-2830	476	8	41	41	NUM
taxlaw-2830	476	9	(	(	PUNCT
taxlaw-2830	476	10	1975	1975	NUM
taxlaw-2830	476	11	)	)	PUNCT
taxlaw-2830	476	12	;	;	PUNCT
taxlaw-2830	476	13	alvin	alvin	PROPN
taxlaw-2830	476	14	warren	warren	PROPN
taxlaw-2830	476	15	,	,	PUNCT
taxlaw-2830	476	16	the	the	DET
taxlaw-2830	476	17	relation	relation	NOUN
taxlaw-2830	476	18	and	and	CCONJ
taxlaw-2830	476	19	integration	integration	NOUN
taxlaw-2830	476	20	of	of	ADP
taxlaw-2830	476	21	individual	individual	ADJ
taxlaw-2830	476	22	and	and	CCONJ
taxlaw-2830	476	23	corporate	corporate	ADJ
taxlaw-2830	476	24	income	income	NOUN
taxlaw-2830	476	25	taxes	taxis	NOUN
taxlaw-2830	476	26	,	,	PUNCT
taxlaw-2830	476	27	94	94	NUM
taxlaw-2830	476	28	harv	harv	NOUN
taxlaw-2830	476	29	.	.	PUNCT
taxlaw-2830	477	1	l.	l.	PROPN
taxlaw-2830	477	2	rev	rev	PROPN
taxlaw-2830	477	3	.	.	PROPN
taxlaw-2830	477	4	719	719	NUM
taxlaw-2830	477	5	,	,	PUNCT
taxlaw-2830	477	6	725	725	NUM
taxlaw-2830	477	7	(	(	PUNCT
taxlaw-2830	477	8	1981	1981	NUM
taxlaw-2830	477	9	)	)	PUNCT
taxlaw-2830	477	10	.	.	PUNCT
taxlaw-2830	478	1	88	88	NUM
taxlaw-2830	478	2	see	see	VERB
taxlaw-2830	478	3	,	,	PUNCT
taxlaw-2830	478	4	e.g.	e.g.	ADV
taxlaw-2830	478	5	,	,	PUNCT
taxlaw-2830	478	6	calvin	calvin	PROPN
taxlaw-2830	478	7	h.	h.	PROPN
taxlaw-2830	478	8	johnson	johnson	PROPN
taxlaw-2830	478	9	,	,	PUNCT
taxlaw-2830	478	10	replace	replace	VERB
taxlaw-2830	478	11	the	the	DET
taxlaw-2830	478	12	corporate	corporate	ADJ
taxlaw-2830	478	13	tax	tax	NOUN
taxlaw-2830	478	14	with	with	ADP
taxlaw-2830	478	15	a	a	DET
taxlaw-2830	478	16	market	market	NOUN
taxlaw-2830	478	17	capitalization	capitalization	NOUN
taxlaw-2830	478	18	tax	tax	NOUN
taxlaw-2830	478	19	,	,	PUNCT
taxlaw-2830	478	20	117	117	NUM
taxlaw-2830	478	21	tax	tax	NOUN
taxlaw-2830	478	22	notes	note	NOUN
taxlaw-2830	478	23	1082	1082	NUM
taxlaw-2830	478	24	,	,	PUNCT
taxlaw-2830	478	25	1084	1084	NUM
taxlaw-2830	478	26	(	(	PUNCT
taxlaw-2830	478	27	2007	2007	NUM
taxlaw-2830	478	28	)	)	PUNCT
taxlaw-2830	478	29	;	;	PUNCT
taxlaw-2830	478	30	fleischer	fleischer	PROPN
taxlaw-2830	478	31	,	,	PUNCT
taxlaw-2830	478	32	supra	supra	PROPN
taxlaw-2830	478	33	note	note	NOUN
taxlaw-2830	478	34	12	12	NUM
taxlaw-2830	478	35	at	at	ADP
taxlaw-2830	478	36	107	107	NUM
taxlaw-2830	478	37	(	(	PUNCT
taxlaw-2830	478	38	―searching	―searche	VERB
taxlaw-2830	478	39	for	for	ADP
taxlaw-2830	478	40	a	a	DET
taxlaw-2830	478	41	coherent	coherent	ADJ
taxlaw-2830	478	42	normative	normative	ADJ
taxlaw-2830	478	43	justification	justification	NOUN
taxlaw-2830	478	44	for	for	ADP
taxlaw-2830	478	45	taxing	tax	VERB
taxlaw-2830	478	46	publicly	publicly	ADV
taxlaw-2830	478	47	traded	trade	VERB
taxlaw-2830	478	48	entities	entity	NOUN
taxlaw-2830	478	49	as	as	SCONJ
taxlaw-2830	478	50	corporations	corporation	NOUN
taxlaw-2830	478	51	is	be	AUX
taxlaw-2830	478	52	not	not	PART
taxlaw-2830	478	53	a	a	DET
taxlaw-2830	478	54	satisfying	satisfying	ADJ
taxlaw-2830	478	55	endeavor	endeavor	NOUN
taxlaw-2830	478	56	.	.	PUNCT
taxlaw-2830	478	57	.	.	PUNCT
taxlaw-2830	478	58	.	.	PUNCT
taxlaw-2830	479	1	.	.	PUNCT
taxlaw-2830	480	1	when	when	SCONJ
taxlaw-2830	480	2	congress	congress	PROPN
taxlaw-2830	480	3	enacted	enact	VERB
taxlaw-2830	480	4	the	the	DET
taxlaw-2830	480	5	ptp	ptp	PROPN
taxlaw-2830	480	6	rules	rule	NOUN
taxlaw-2830	480	7	in	in	ADP
taxlaw-2830	480	8	1987	1987	NUM
taxlaw-2830	480	9	,	,	PUNCT
taxlaw-2830	480	10	it	it	PRON
taxlaw-2830	480	11	concluded	conclude	VERB
taxlaw-2830	480	12	that	that	SCONJ
taxlaw-2830	480	13	ptps	ptps	NOUN
taxlaw-2830	480	14	that	that	PRON
taxlaw-2830	480	15	conduct	conduct	VERB
taxlaw-2830	480	16	an	an	DET
taxlaw-2830	480	17	active	active	ADJ
taxlaw-2830	480	18	business	business	NOUN
taxlaw-2830	480	19	look	look	VERB
taxlaw-2830	480	20	enough	enough	ADV
taxlaw-2830	480	21	like	like	SCONJ
taxlaw-2830	480	22	corporations	corporation	NOUN
taxlaw-2830	480	23	to	to	PART
taxlaw-2830	480	24	be	be	AUX
taxlaw-2830	480	25	treated	treat	VERB
taxlaw-2830	480	26	as	as	ADP
taxlaw-2830	480	27	such	such	ADJ
taxlaw-2830	480	28	for	for	ADP
taxlaw-2830	480	29	tax	tax	NOUN
taxlaw-2830	480	30	purposes	purpose	NOUN
taxlaw-2830	480	31	.	.	PUNCT
taxlaw-2830	481	1	broadly	broadly	ADV
taxlaw-2830	481	2	speaking	speak	VERB
taxlaw-2830	481	3	,	,	PUNCT
taxlaw-2830	481	4	the	the	DET
taxlaw-2830	481	5	rules	rule	NOUN
taxlaw-2830	481	6	tend	tend	VERB
taxlaw-2830	481	7	to	to	PART
taxlaw-2830	481	8	operate	operate	VERB
taxlaw-2830	481	9	under	under	ADP
taxlaw-2830	481	10	a	a	DET
taxlaw-2830	481	11	benefit	benefit	NOUN
taxlaw-2830	481	12	theory	theory	NOUN
taxlaw-2830	481	13	:	:	PUNCT
taxlaw-2830	481	14	in	in	ADP
taxlaw-2830	481	15	exchange	exchange	NOUN
taxlaw-2830	481	16	for	for	ADP
taxlaw-2830	481	17	accessing	access	VERB
taxlaw-2830	481	18	public	public	ADJ
taxlaw-2830	481	19	equity	equity	NOUN
taxlaw-2830	481	20	markets	market	NOUN
taxlaw-2830	481	21	,	,	PUNCT
taxlaw-2830	481	22	one	one	PRON
taxlaw-2830	481	23	must	must	AUX
taxlaw-2830	481	24	pay	pay	VERB
taxlaw-2830	481	25	a	a	DET
taxlaw-2830	481	26	corporate	corporate	ADJ
taxlaw-2830	481	27	-	-	PUNCT
taxlaw-2830	481	28	level	level	NOUN
taxlaw-2830	481	29	tax	tax	NOUN
taxlaw-2830	481	30	on	on	ADP
taxlaw-2830	481	31	profits	profit	NOUN
taxlaw-2830	481	32	.	.	PUNCT
taxlaw-2830	482	1	because	because	SCONJ
taxlaw-2830	482	2	the	the	DET
taxlaw-2830	482	3	normative	normative	ADJ
taxlaw-2830	482	4	case	case	NOUN
taxlaw-2830	482	5	for	for	ADP
taxlaw-2830	482	6	having	have	VERB
taxlaw-2830	482	7	a	a	DET
taxlaw-2830	482	8	corporate	corporate	ADJ
taxlaw-2830	482	9	tax	tax	NOUN
taxlaw-2830	482	10	at	at	ADV
taxlaw-2830	482	11	all	all	ADV
taxlaw-2830	482	12	is	be	AUX
taxlaw-2830	482	13	rather	rather	ADV
taxlaw-2830	482	14	weak	weak	ADJ
taxlaw-2830	482	15	,	,	PUNCT
taxlaw-2830	482	16	the	the	DET
taxlaw-2830	482	17	line	line	NOUN
taxlaw-2830	482	18	drawing	draw	VERB
taxlaw-2830	482	19	in	in	ADP
taxlaw-2830	482	20	this	this	DET
taxlaw-2830	482	21	2015	2015	NUM
taxlaw-2830	482	22	]	]	PUNCT
taxlaw-2830	482	23	taxing	tax	VERB
taxlaw-2830	482	24	publicly	publicly	ADV
taxlaw-2830	482	25	traded	trade	VERB
taxlaw-2830	482	26	entities	entity	NOUN
taxlaw-2830	482	27	163	163	NUM
taxlaw-2830	482	28	taxpayers	taxpayer	NOUN
taxlaw-2830	482	29	can	can	AUX
taxlaw-2830	482	30	not	not	PART
taxlaw-2830	482	31	easily	easily	ADV
taxlaw-2830	482	32	avoid	avoid	VERB
taxlaw-2830	482	33	the	the	DET
taxlaw-2830	482	34	public	public	ADJ
taxlaw-2830	482	35	trading	trading	NOUN
taxlaw-2830	482	36	boundary	boundary	NOUN
taxlaw-2830	482	37	because	because	SCONJ
taxlaw-2830	482	38	the	the	DET
taxlaw-2830	482	39	demand	demand	NOUN
taxlaw-2830	482	40	for	for	ADP
taxlaw-2830	482	41	public	public	ADJ
taxlaw-2830	482	42	trading	trading	NOUN
taxlaw-2830	482	43	is	be	AUX
taxlaw-2830	482	44	based	base	VERB
taxlaw-2830	482	45	on	on	ADP
taxlaw-2830	482	46	strong	strong	ADJ
taxlaw-2830	482	47	non	non	ADJ
taxlaw-2830	482	48	-	-	ADJ
taxlaw-2830	482	49	tax	tax	ADJ
taxlaw-2830	482	50	considerations	consideration	NOUN
taxlaw-2830	482	51	.	.	PUNCT
taxlaw-2830	483	1	thus	thus	ADV
taxlaw-2830	483	2	,	,	PUNCT
taxlaw-2830	483	3	entities	entity	NOUN
taxlaw-2830	483	4	may	may	AUX
taxlaw-2830	483	5	be	be	AUX
taxlaw-2830	483	6	unlikely	unlikely	ADJ
taxlaw-2830	483	7	to	to	PART
taxlaw-2830	483	8	forgo	forgo	VERB
taxlaw-2830	483	9	public	public	ADJ
taxlaw-2830	483	10	trading	trading	NOUN
taxlaw-2830	483	11	in	in	ADP
taxlaw-2830	483	12	order	order	NOUN
taxlaw-2830	483	13	to	to	PART
taxlaw-2830	483	14	avoid	avoid	VERB
taxlaw-2830	483	15	entity	entity	NOUN
taxlaw-2830	483	16	-	-	PUNCT
taxlaw-2830	483	17	level	level	NOUN
taxlaw-2830	483	18	tax	tax	NOUN
taxlaw-2830	483	19	.	.	PUNCT
taxlaw-2830	484	1	89	89	NUM
taxlaw-2830	484	2	entities	entity	NOUN
taxlaw-2830	484	3	that	that	PRON
taxlaw-2830	484	4	are	be	AUX
taxlaw-2830	484	5	publicly	publicly	ADV
taxlaw-2830	484	6	traded	trade	VERB
taxlaw-2830	484	7	tend	tend	VERB
taxlaw-2830	484	8	to	to	PART
taxlaw-2830	484	9	be	be	AUX
taxlaw-2830	484	10	businesses	business	NOUN
taxlaw-2830	484	11	that	that	PRON
taxlaw-2830	484	12	benefit	benefit	VERB
taxlaw-2830	484	13	from	from	ADP
taxlaw-2830	484	14	economies	economy	NOUN
taxlaw-2830	484	15	of	of	ADP
taxlaw-2830	484	16	scale	scale	NOUN
taxlaw-2830	484	17	,	,	PUNCT
taxlaw-2830	484	18	so	so	SCONJ
taxlaw-2830	484	19	that	that	SCONJ
taxlaw-2830	484	20	large	large	ADJ
taxlaw-2830	484	21	businesses	business	NOUN
taxlaw-2830	484	22	have	have	VERB
taxlaw-2830	484	23	an	an	DET
taxlaw-2830	484	24	advantage	advantage	NOUN
taxlaw-2830	484	25	over	over	ADP
taxlaw-2830	484	26	small	small	ADJ
taxlaw-2830	484	27	businesses	business	NOUN
taxlaw-2830	484	28	.	.	PUNCT
taxlaw-2830	485	1	90	90	NUM
taxlaw-2830	485	2	large	large	ADJ
taxlaw-2830	485	3	businesses	business	NOUN
taxlaw-2830	485	4	benefit	benefit	VERB
taxlaw-2830	485	5	from	from	ADP
taxlaw-2830	485	6	widely	widely	ADV
taxlaw-2830	485	7	dispersed	disperse	VERB
taxlaw-2830	485	8	equity	equity	NOUN
taxlaw-2830	485	9	ownership	ownership	NOUN
taxlaw-2830	485	10	,	,	PUNCT
taxlaw-2830	485	11	and	and	CCONJ
taxlaw-2830	485	12	widely	widely	ADV
taxlaw-2830	485	13	dispersed	disperse	VERB
taxlaw-2830	485	14	equity	equity	NOUN
taxlaw-2830	485	15	owners	owner	NOUN
taxlaw-2830	485	16	of	of	ADP
taxlaw-2830	485	17	large	large	ADJ
taxlaw-2830	485	18	businesses	business	NOUN
taxlaw-2830	485	19	benefit	benefit	VERB
taxlaw-2830	485	20	from	from	ADP
taxlaw-2830	485	21	liquidity	liquidity	NOUN
taxlaw-2830	485	22	.	.	PUNCT
taxlaw-2830	486	1	widely	widely	ADV
taxlaw-2830	486	2	dispersed	disperse	VERB
taxlaw-2830	486	3	equity	equity	NOUN
taxlaw-2830	486	4	ownership	ownership	NOUN
taxlaw-2830	486	5	is	be	AUX
taxlaw-2830	486	6	necessary	necessary	ADJ
taxlaw-2830	486	7	to	to	PART
taxlaw-2830	486	8	raise	raise	VERB
taxlaw-2830	486	9	the	the	DET
taxlaw-2830	486	10	amount	amount	NOUN
taxlaw-2830	486	11	of	of	ADP
taxlaw-2830	486	12	capital	capital	NOUN
taxlaw-2830	486	13	required	require	VERB
taxlaw-2830	486	14	by	by	ADP
taxlaw-2830	486	15	a	a	DET
taxlaw-2830	486	16	large	large	ADJ
taxlaw-2830	486	17	business	business	NOUN
taxlaw-2830	486	18	,	,	PUNCT
taxlaw-2830	486	19	assuming	assume	VERB
taxlaw-2830	486	20	that	that	SCONJ
taxlaw-2830	486	21	any	any	DET
taxlaw-2830	486	22	given	give	VERB
taxlaw-2830	486	23	shareholder	shareholder	NOUN
taxlaw-2830	486	24	does	do	AUX
taxlaw-2830	486	25	not	not	PART
taxlaw-2830	486	26	want	want	VERB
taxlaw-2830	486	27	to	to	PART
taxlaw-2830	486	28	invest	invest	VERB
taxlaw-2830	486	29	a	a	DET
taxlaw-2830	486	30	large	large	ADJ
taxlaw-2830	486	31	amount	amount	NOUN
taxlaw-2830	486	32	.	.	PUNCT
taxlaw-2830	487	1	any	any	DET
taxlaw-2830	487	2	given	give	VERB
taxlaw-2830	487	3	shareholder	shareholder	NOUN
taxlaw-2830	487	4	will	will	AUX
taxlaw-2830	487	5	want	want	VERB
taxlaw-2830	487	6	to	to	PART
taxlaw-2830	487	7	hold	hold	VERB
taxlaw-2830	487	8	a	a	DET
taxlaw-2830	487	9	diverse	diverse	ADJ
taxlaw-2830	487	10	pool	pool	NOUN
taxlaw-2830	487	11	of	of	ADP
taxlaw-2830	487	12	investments	investment	NOUN
taxlaw-2830	487	13	and	and	CCONJ
taxlaw-2830	487	14	therefore	therefore	ADV
taxlaw-2830	487	15	will	will	AUX
taxlaw-2830	487	16	not	not	PART
taxlaw-2830	487	17	want	want	VERB
taxlaw-2830	487	18	to	to	PART
taxlaw-2830	487	19	invest	invest	VERB
taxlaw-2830	487	20	a	a	DET
taxlaw-2830	487	21	large	large	ADJ
taxlaw-2830	487	22	amount	amount	NOUN
taxlaw-2830	487	23	in	in	ADP
taxlaw-2830	487	24	any	any	DET
taxlaw-2830	487	25	given	give	VERB
taxlaw-2830	487	26	company	company	NOUN
taxlaw-2830	487	27	.	.	PUNCT
taxlaw-2830	488	1	91	91	NUM
taxlaw-2830	488	2	further	far	ADV
taxlaw-2830	488	3	,	,	PUNCT
taxlaw-2830	488	4	widely	widely	ADV
taxlaw-2830	488	5	dispersed	disperse	VERB
taxlaw-2830	488	6	equity	equity	NOUN
taxlaw-2830	488	7	owners	owner	NOUN
taxlaw-2830	488	8	of	of	ADP
taxlaw-2830	488	9	large	large	ADJ
taxlaw-2830	488	10	businesses	business	NOUN
taxlaw-2830	488	11	benefit	benefit	VERB
taxlaw-2830	488	12	from	from	ADP
taxlaw-2830	488	13	liquidity	liquidity	NOUN
taxlaw-2830	488	14	because	because	SCONJ
taxlaw-2830	488	15	,	,	PUNCT
taxlaw-2830	488	16	being	be	AUX
taxlaw-2830	488	17	unable	unable	ADJ
taxlaw-2830	488	18	to	to	PART
taxlaw-2830	488	19	effectively	effectively	ADV
taxlaw-2830	488	20	monitor	monitor	VERB
taxlaw-2830	488	21	business	business	NOUN
taxlaw-2830	488	22	decisions	decision	NOUN
taxlaw-2830	488	23	made	make	VERB
taxlaw-2830	488	24	by	by	ADP
taxlaw-2830	488	25	a	a	DET
taxlaw-2830	488	26	large	large	ADJ
taxlaw-2830	488	27	business	business	NOUN
taxlaw-2830	488	28	in	in	ADP
taxlaw-2830	488	29	which	which	PRON
taxlaw-2830	488	30	they	they	PRON
taxlaw-2830	488	31	own	own	VERB
taxlaw-2830	488	32	a	a	DET
taxlaw-2830	488	33	small	small	ADJ
taxlaw-2830	488	34	stake	stake	NOUN
taxlaw-2830	488	35	,	,	PUNCT
taxlaw-2830	488	36	equity	equity	NOUN
taxlaw-2830	488	37	owners	owner	NOUN
taxlaw-2830	488	38	demand	demand	VERB
taxlaw-2830	488	39	the	the	DET
taxlaw-2830	488	40	security	security	NOUN
taxlaw-2830	488	41	afforded	afford	VERB
taxlaw-2830	488	42	by	by	ADP
taxlaw-2830	488	43	the	the	DET
taxlaw-2830	488	44	ability	ability	NOUN
taxlaw-2830	488	45	to	to	PART
taxlaw-2830	488	46	easily	easily	ADV
taxlaw-2830	488	47	exit	exit	VERB
taxlaw-2830	488	48	the	the	DET
taxlaw-2830	488	49	business	business	NOUN
taxlaw-2830	488	50	by	by	ADP
taxlaw-2830	488	51	selling	sell	VERB
taxlaw-2830	488	52	their	their	PRON
taxlaw-2830	488	53	shares	share	NOUN
taxlaw-2830	488	54	.	.	PUNCT
taxlaw-2830	489	1	92	92	NUM
taxlaw-2830	489	2	in	in	ADP
taxlaw-2830	489	3	addition	addition	NOUN
taxlaw-2830	489	4	,	,	PUNCT
taxlaw-2830	489	5	liquidity	liquidity	NOUN
taxlaw-2830	489	6	helps	help	VERB
taxlaw-2830	489	7	equity	equity	NOUN
taxlaw-2830	489	8	holders	holder	NOUN
taxlaw-2830	489	9	maintain	maintain	VERB
taxlaw-2830	489	10	a	a	DET
taxlaw-2830	489	11	diverse	diverse	ADJ
taxlaw-2830	489	12	portfolio	portfolio	NOUN
taxlaw-2830	489	13	,	,	PUNCT
taxlaw-2830	489	14	because	because	SCONJ
taxlaw-2830	489	15	liquidity	liquidity	NOUN
taxlaw-2830	489	16	allows	allow	VERB
taxlaw-2830	489	17	an	an	DET
taxlaw-2830	489	18	equity	equity	NOUN
taxlaw-2830	489	19	holder	holder	NOUN
taxlaw-2830	489	20	to	to	PART
taxlaw-2830	489	21	easily	easily	ADV
taxlaw-2830	489	22	rebalance	rebalance	VERB
taxlaw-2830	489	23	his	his	PRON
taxlaw-2830	489	24	or	or	CCONJ
taxlaw-2830	489	25	her	her	PRON
taxlaw-2830	489	26	portfolio	portfolio	NOUN
taxlaw-2830	489	27	if	if	SCONJ
taxlaw-2830	489	28	changes	change	NOUN
taxlaw-2830	489	29	in	in	ADP
taxlaw-2830	489	30	the	the	DET
taxlaw-2830	489	31	share	share	NOUN
taxlaw-2830	489	32	price	price	NOUN
taxlaw-2830	489	33	of	of	ADP
taxlaw-2830	489	34	one	one	NUM
taxlaw-2830	489	35	corporation	corporation	NOUN
taxlaw-2830	489	36	results	result	VERB
taxlaw-2830	489	37	in	in	ADP
taxlaw-2830	489	38	the	the	DET
taxlaw-2830	489	39	company	company	NOUN
taxlaw-2830	489	40	representing	represent	VERB
taxlaw-2830	489	41	an	an	DET
taxlaw-2830	489	42	undesirably	undesirably	ADV
taxlaw-2830	489	43	large	large	ADJ
taxlaw-2830	489	44	portion	portion	NOUN
taxlaw-2830	489	45	of	of	ADP
taxlaw-2830	489	46	the	the	DET
taxlaw-2830	489	47	equity	equity	NOUN
taxlaw-2830	489	48	holder	holder	NOUN
taxlaw-2830	489	49	's	's	PART
taxlaw-2830	489	50	overall	overall	ADJ
taxlaw-2830	489	51	portfolio	portfolio	NOUN
taxlaw-2830	489	52	.	.	PUNCT
taxlaw-2830	490	1	93	93	NUM
taxlaw-2830	490	2	because	because	SCONJ
taxlaw-2830	490	3	equity	equity	NOUN
taxlaw-2830	490	4	holders	holder	NOUN
taxlaw-2830	490	5	have	have	VERB
taxlaw-2830	490	6	strong	strong	ADJ
taxlaw-2830	490	7	non	non	ADJ
taxlaw-2830	490	8	-	-	ADJ
taxlaw-2830	490	9	tax	tax	ADJ
taxlaw-2830	490	10	reasons	reason	NOUN
taxlaw-2830	490	11	to	to	PART
taxlaw-2830	490	12	demand	demand	VERB
taxlaw-2830	490	13	liquidity	liquidity	NOUN
taxlaw-2830	490	14	,	,	PUNCT
taxlaw-2830	490	15	entities	entity	NOUN
taxlaw-2830	490	16	can	can	AUX
taxlaw-2830	490	17	not	not	PART
taxlaw-2830	490	18	easily	easily	ADV
taxlaw-2830	490	19	abandon	abandon	VERB
taxlaw-2830	490	20	public	public	ADJ
taxlaw-2830	490	21	trading	trading	NOUN
taxlaw-2830	490	22	in	in	ADP
taxlaw-2830	490	23	order	order	NOUN
taxlaw-2830	490	24	to	to	PART
taxlaw-2830	490	25	avoid	avoid	VERB
taxlaw-2830	490	26	corporate	corporate	ADJ
taxlaw-2830	490	27	tax	tax	NOUN
taxlaw-2830	490	28	treatment	treatment	NOUN
taxlaw-2830	490	29	.	.	PUNCT
taxlaw-2830	491	1	selecting	select	VERB
taxlaw-2830	491	2	a	a	DET
taxlaw-2830	491	3	feature	feature	NOUN
taxlaw-2830	491	4	as	as	ADP
taxlaw-2830	491	5	a	a	DET
taxlaw-2830	491	6	trigger	trigger	NOUN
taxlaw-2830	491	7	for	for	ADP
taxlaw-2830	491	8	imposing	impose	VERB
taxlaw-2830	491	9	corporate	corporate	ADJ
taxlaw-2830	491	10	tax	tax	NOUN
taxlaw-2830	491	11	,	,	PUNCT
taxlaw-2830	491	12	like	like	ADP
taxlaw-2830	491	13	public	public	ADJ
taxlaw-2830	491	14	trading	trading	NOUN
taxlaw-2830	491	15	,	,	PUNCT
taxlaw-2830	491	16	which	which	PRON
taxlaw-2830	491	17	is	be	AUX
taxlaw-2830	491	18	difficult	difficult	ADJ
taxlaw-2830	491	19	to	to	PART
taxlaw-2830	491	20	forgo	forgo	AUX
taxlaw-2830	491	21	potentially	potentially	ADV
taxlaw-2830	491	22	serves	serve	VERB
taxlaw-2830	491	23	two	two	NUM
taxlaw-2830	491	24	underlying	underlying	ADJ
taxlaw-2830	491	25	goals	goal	NOUN
taxlaw-2830	491	26	.	.	PUNCT
taxlaw-2830	492	1	first	first	ADV
taxlaw-2830	492	2	,	,	PUNCT
taxlaw-2830	492	3	the	the	DET
taxlaw-2830	492	4	corporate	corporate	ADJ
taxlaw-2830	492	5	tax	tax	NOUN
taxlaw-2830	492	6	system	system	NOUN
taxlaw-2830	492	7	will	will	AUX
taxlaw-2830	492	8	raise	raise	VERB
taxlaw-2830	492	9	more	more	ADJ
taxlaw-2830	492	10	tax	tax	NOUN
taxlaw-2830	492	11	revenue	revenue	NOUN
taxlaw-2830	492	12	if	if	SCONJ
taxlaw-2830	492	13	taxpayers	taxpayer	NOUN
taxlaw-2830	492	14	can	can	AUX
taxlaw-2830	492	15	not	not	PART
taxlaw-2830	492	16	easily	easily	ADV
taxlaw-2830	492	17	avoid	avoid	VERB
taxlaw-2830	492	18	it	it	PRON
taxlaw-2830	492	19	.	.	PUNCT
taxlaw-2830	493	1	indeed	indeed	ADV
taxlaw-2830	493	2	,	,	PUNCT
taxlaw-2830	493	3	fear	fear	VERB
taxlaw-2830	493	4	that	that	SCONJ
taxlaw-2830	493	5	taxpayers	taxpayer	NOUN
taxlaw-2830	493	6	would	would	AUX
taxlaw-2830	493	7	conduct	conduct	VERB
taxlaw-2830	493	8	businesses	business	NOUN
taxlaw-2830	493	9	through	through	ADP
taxlaw-2830	493	10	entities	entity	NOUN
taxlaw-2830	493	11	treated	treat	VERB
taxlaw-2830	493	12	as	as	ADP
taxlaw-2830	493	13	partnerships	partnership	NOUN
taxlaw-2830	493	14	for	for	ADP
taxlaw-2830	493	15	tax	tax	NOUN
taxlaw-2830	493	16	purposes	purpose	NOUN
taxlaw-2830	493	17	rather	rather	ADV
taxlaw-2830	493	18	than	than	ADP
taxlaw-2830	493	19	corporations	corporation	NOUN
taxlaw-2830	493	20	,	,	PUNCT
taxlaw-2830	493	21	leading	lead	VERB
taxlaw-2830	493	22	to	to	ADP
taxlaw-2830	493	23	erosion	erosion	NOUN
taxlaw-2830	493	24	of	of	ADP
taxlaw-2830	493	25	the	the	DET
taxlaw-2830	493	26	corporate	corporate	ADJ
taxlaw-2830	493	27	tax	tax	NOUN
taxlaw-2830	493	28	base	base	NOUN
taxlaw-2830	493	29	,	,	PUNCT
taxlaw-2830	493	30	was	be	AUX
taxlaw-2830	493	31	the	the	DET
taxlaw-2830	493	32	primary	primary	ADJ
taxlaw-2830	493	33	reason	reason	NOUN
taxlaw-2830	493	34	why	why	SCONJ
taxlaw-2830	493	35	congress	congress	PROPN
taxlaw-2830	493	36	enacted	enact	VERB
taxlaw-2830	493	37	legislation	legislation	NOUN
taxlaw-2830	493	38	providing	provide	VERB
taxlaw-2830	493	39	that	that	DET
taxlaw-2830	493	40	publicly	publicly	ADV
taxlaw-2830	493	41	traded	trade	VERB
taxlaw-2830	493	42	partnerships	partnership	NOUN
taxlaw-2830	493	43	are	be	AUX
taxlaw-2830	493	44	generally	generally	ADV
taxlaw-2830	493	45	area	area	NOUN
taxlaw-2830	493	46	tends	tend	VERB
taxlaw-2830	493	47	to	to	PART
taxlaw-2830	493	48	be	be	AUX
taxlaw-2830	493	49	pragmatic	pragmatic	ADJ
taxlaw-2830	493	50	,	,	PUNCT
taxlaw-2830	493	51	not	not	PART
taxlaw-2830	493	52	principled.‖	principled.‖	ADJ
taxlaw-2830	493	53	)	)	PUNCT
taxlaw-2830	493	54	;	;	PUNCT
taxlaw-2830	493	55	david	david	PROPN
taxlaw-2830	493	56	a.	a.	PROPN
taxlaw-2830	493	57	weisbach	weisbach	PROPN
taxlaw-2830	493	58	,	,	PUNCT
taxlaw-2830	493	59	line	line	NOUN
taxlaw-2830	493	60	drawing	drawing	NOUN
taxlaw-2830	493	61	,	,	PUNCT
taxlaw-2830	493	62	doctrine	doctrine	NOUN
taxlaw-2830	493	63	,	,	PUNCT
taxlaw-2830	493	64	and	and	CCONJ
taxlaw-2830	493	65	efficiency	efficiency	NOUN
taxlaw-2830	493	66	in	in	ADP
taxlaw-2830	493	67	the	the	DET
taxlaw-2830	493	68	tax	tax	NOUN
taxlaw-2830	493	69	law	law	NOUN
taxlaw-2830	493	70	,	,	PUNCT
taxlaw-2830	493	71	84	84	NUM
taxlaw-2830	493	72	cornell	cornell	PROPN
taxlaw-2830	493	73	l.	l.	PROPN
taxlaw-2830	493	74	rev	rev	PROPN
taxlaw-2830	493	75	.	.	PROPN
taxlaw-2830	493	76	1627	1627	NUM
taxlaw-2830	493	77	,	,	PUNCT
taxlaw-2830	493	78	1629	1629	NUM
taxlaw-2830	493	79	-	-	SYM
taxlaw-2830	493	80	30	30	NUM
taxlaw-2830	493	81	(	(	PUNCT
taxlaw-2830	493	82	1999	1999	NUM
taxlaw-2830	493	83	)	)	PUNCT
taxlaw-2830	493	84	(	(	PUNCT
taxlaw-2830	493	85	―the	―the	DET
taxlaw-2830	493	86	check	check	VERB
taxlaw-2830	493	87	-	-	PUNCT
taxlaw-2830	493	88	the	the	DET
taxlaw-2830	493	89	-	-	PUNCT
taxlaw-2830	493	90	box	box	NOUN
taxlaw-2830	493	91	regulations	regulation	NOUN
taxlaw-2830	493	92	eliminated	eliminate	VERB
taxlaw-2830	493	93	the	the	DET
taxlaw-2830	493	94	four	four	NUM
taxlaw-2830	493	95	-	-	PUNCT
taxlaw-2830	493	96	factor	factor	NOUN
taxlaw-2830	493	97	test	test	NOUN
taxlaw-2830	493	98	and	and	CCONJ
taxlaw-2830	493	99	moved	move	VERB
taxlaw-2830	493	100	the	the	DET
taxlaw-2830	493	101	line	line	NOUN
taxlaw-2830	493	102	between	between	ADP
taxlaw-2830	493	103	partnerships	partnership	NOUN
taxlaw-2830	493	104	and	and	CCONJ
taxlaw-2830	493	105	corporations	corporation	NOUN
taxlaw-2830	493	106	to	to	ADP
taxlaw-2830	493	107	public	public	ADJ
taxlaw-2830	493	108	trading	trading	NOUN
taxlaw-2830	493	109	.	.	PUNCT
taxlaw-2830	493	110	.	.	PUNCT
taxlaw-2830	493	111	.	.	PUNCT
taxlaw-2830	493	112	.	.	PUNCT
taxlaw-2830	494	1	the	the	DET
taxlaw-2830	494	2	argument	argument	NOUN
taxlaw-2830	494	3	for	for	ADP
taxlaw-2830	494	4	abandoning	abandon	VERB
taxlaw-2830	494	5	the	the	DET
taxlaw-2830	494	6	four	four	NUM
taxlaw-2830	494	7	-	-	PUNCT
taxlaw-2830	494	8	factor	factor	NOUN
taxlaw-2830	494	9	test	test	NOUN
taxlaw-2830	494	10	is	be	AUX
taxlaw-2830	494	11	that	that	SCONJ
taxlaw-2830	494	12	it	it	PRON
taxlaw-2830	494	13	was	be	AUX
taxlaw-2830	494	14	enormously	enormously	ADV
taxlaw-2830	494	15	inefficient	inefficient	ADJ
taxlaw-2830	494	16	.	.	PUNCT
taxlaw-2830	495	1	it	it	PRON
taxlaw-2830	495	2	merely	merely	ADV
taxlaw-2830	495	3	caused	cause	VERB
taxlaw-2830	495	4	people	people	NOUN
taxlaw-2830	495	5	to	to	PART
taxlaw-2830	495	6	shift	shift	VERB
taxlaw-2830	495	7	their	their	PRON
taxlaw-2830	495	8	organizational	organizational	ADJ
taxlaw-2830	495	9	structures	structure	NOUN
taxlaw-2830	495	10	without	without	ADP
taxlaw-2830	495	11	collecting	collect	VERB
taxlaw-2830	495	12	any	any	DET
taxlaw-2830	495	13	tax	tax	NOUN
taxlaw-2830	495	14	.	.	PUNCT
taxlaw-2830	496	1	the	the	DET
taxlaw-2830	496	2	check	check	VERB
taxlaw-2830	496	3	-	-	PUNCT
taxlaw-2830	496	4	the	the	DET
taxlaw-2830	496	5	-	-	PUNCT
taxlaw-2830	496	6	box	box	NOUN
taxlaw-2830	496	7	regulations	regulation	NOUN
taxlaw-2830	496	8	try	try	VERB
taxlaw-2830	496	9	to	to	PART
taxlaw-2830	496	10	draw	draw	VERB
taxlaw-2830	496	11	a	a	DET
taxlaw-2830	496	12	line	line	NOUN
taxlaw-2830	496	13	--	--	PUNCT
taxlaw-2830	496	14	public	public	ADJ
taxlaw-2830	496	15	trading	trading	NOUN
taxlaw-2830	496	16	--	--	PUNCT
taxlaw-2830	496	17	that	that	PRON
taxlaw-2830	496	18	is	be	AUX
taxlaw-2830	496	19	more	more	ADV
taxlaw-2830	496	20	difficult	difficult	ADJ
taxlaw-2830	496	21	to	to	PART
taxlaw-2830	496	22	avoid	avoid	VERB
taxlaw-2830	496	23	.	.	PUNCT
taxlaw-2830	497	1	because	because	SCONJ
taxlaw-2830	497	2	fewer	few	ADJ
taxlaw-2830	497	3	taxpayers	taxpayer	NOUN
taxlaw-2830	497	4	will	will	AUX
taxlaw-2830	497	5	change	change	VERB
taxlaw-2830	497	6	their	their	PRON
taxlaw-2830	497	7	behavior	behavior	NOUN
taxlaw-2830	497	8	to	to	PART
taxlaw-2830	497	9	avoid	avoid	VERB
taxlaw-2830	497	10	the	the	DET
taxlaw-2830	497	11	new	new	ADJ
taxlaw-2830	497	12	line	line	NOUN
taxlaw-2830	497	13	,	,	PUNCT
taxlaw-2830	497	14	it	it	PRON
taxlaw-2830	497	15	is	be	AUX
taxlaw-2830	497	16	potentially	potentially	ADV
taxlaw-2830	497	17	more	more	ADV
taxlaw-2830	497	18	efficient	efficient	ADJ
taxlaw-2830	497	19	.	.	PUNCT
taxlaw-2830	497	20	.	.	PUNCT
taxlaw-2830	497	21	.	.	PUNCT
taxlaw-2830	497	22	.	.	PUNCT
taxlaw-2830	498	1	regardless	regardless	ADV
taxlaw-2830	498	2	of	of	ADP
taxlaw-2830	498	3	the	the	DET
taxlaw-2830	498	4	merits	merit	NOUN
taxlaw-2830	498	5	of	of	ADP
taxlaw-2830	498	6	this	this	DET
taxlaw-2830	498	7	argument	argument	NOUN
taxlaw-2830	498	8	(	(	PUNCT
taxlaw-2830	498	9	a	a	DET
taxlaw-2830	498	10	subject	subject	NOUN
taxlaw-2830	498	11	that	that	PRON
taxlaw-2830	498	12	will	will	AUX
taxlaw-2830	498	13	be	be	AUX
taxlaw-2830	498	14	explored	explore	VERB
taxlaw-2830	498	15	in	in	ADP
taxlaw-2830	498	16	greater	great	ADJ
taxlaw-2830	498	17	depth	depth	NOUN
taxlaw-2830	498	18	below	below	ADV
taxlaw-2830	498	19	)	)	PUNCT
taxlaw-2830	498	20	,	,	PUNCT
taxlaw-2830	498	21	what	what	PRON
taxlaw-2830	498	22	is	be	AUX
taxlaw-2830	498	23	important	important	ADJ
taxlaw-2830	498	24	about	about	ADP
taxlaw-2830	498	25	the	the	DET
taxlaw-2830	498	26	check	check	VERB
taxlaw-2830	498	27	-	-	PUNCT
taxlaw-2830	498	28	the	the	DET
taxlaw-2830	498	29	-	-	PUNCT
taxlaw-2830	498	30	box	box	NOUN
taxlaw-2830	498	31	regulations	regulation	NOUN
taxlaw-2830	498	32	is	be	AUX
taxlaw-2830	498	33	that	that	SCONJ
taxlaw-2830	498	34	they	they	PRON
taxlaw-2830	498	35	drop	drop	VERB
taxlaw-2830	498	36	traditional	traditional	ADJ
taxlaw-2830	498	37	doctrinal	doctrinal	ADJ
taxlaw-2830	498	38	concerns	concern	NOUN
taxlaw-2830	498	39	and	and	CCONJ
taxlaw-2830	498	40	instead	instead	ADV
taxlaw-2830	498	41	focus	focus	VERB
taxlaw-2830	498	42	on	on	ADP
taxlaw-2830	498	43	efficiency.‖	efficiency.‖	NOUN
taxlaw-2830	498	44	)	)	PUNCT
taxlaw-2830	498	45	.	.	PUNCT
taxlaw-2830	499	1	89	89	NUM
taxlaw-2830	499	2	see	see	VERB
taxlaw-2830	499	3	,	,	PUNCT
taxlaw-2830	499	4	e.g.	e.g.	ADV
taxlaw-2830	499	5	,	,	PUNCT
taxlaw-2830	499	6	rebecca	rebecca	PROPN
taxlaw-2830	499	7	s.	s.	PROPN
taxlaw-2830	499	8	rudnick	rudnick	PROPN
taxlaw-2830	499	9	,	,	PUNCT
taxlaw-2830	499	10	who	who	PRON
taxlaw-2830	499	11	should	should	AUX
taxlaw-2830	499	12	pay	pay	VERB
taxlaw-2830	499	13	the	the	DET
taxlaw-2830	499	14	corporate	corporate	ADJ
taxlaw-2830	499	15	tax	tax	NOUN
taxlaw-2830	499	16	in	in	ADP
taxlaw-2830	499	17	a	a	DET
taxlaw-2830	499	18	flat	flat	ADJ
taxlaw-2830	499	19	tax	tax	NOUN
taxlaw-2830	499	20	world	world	NOUN
taxlaw-2830	499	21	?	?	PUNCT
taxlaw-2830	499	22	,	,	PUNCT
taxlaw-2830	499	23	39	39	NUM
taxlaw-2830	499	24	case	case	NOUN
taxlaw-2830	499	25	w.	w.	NOUN
taxlaw-2830	499	26	res	res	PROPN
taxlaw-2830	499	27	.	.	PUNCT
taxlaw-2830	500	1	l.	l.	PROPN
taxlaw-2830	500	2	rev	rev	PROPN
taxlaw-2830	500	3	.	.	PROPN
taxlaw-2830	501	1	965	965	NUM
taxlaw-2830	501	2	,	,	PUNCT
taxlaw-2830	501	3	986	986	NUM
taxlaw-2830	501	4	(	(	PUNCT
taxlaw-2830	501	5	1989	1989	NUM
taxlaw-2830	501	6	)	)	PUNCT
taxlaw-2830	501	7	(	(	PUNCT
taxlaw-2830	501	8	―it	―it	NUM
taxlaw-2830	501	9	is	be	AUX
taxlaw-2830	501	10	the	the	DET
taxlaw-2830	501	11	value	value	NOUN
taxlaw-2830	501	12	of	of	ADP
taxlaw-2830	501	13	liquid	liquid	ADJ
taxlaw-2830	501	14	equity	equity	NOUN
taxlaw-2830	501	15	as	as	SCONJ
taxlaw-2830	501	16	perceived	perceive	VERB
taxlaw-2830	501	17	by	by	ADP
taxlaw-2830	501	18	the	the	DET
taxlaw-2830	501	19	market	market	NOUN
taxlaw-2830	501	20	that	that	PRON
taxlaw-2830	501	21	justifies	justify	VERB
taxlaw-2830	501	22	a	a	DET
taxlaw-2830	501	23	double	double	ADJ
taxlaw-2830	501	24	tax	tax	NOUN
taxlaw-2830	501	25	.	.	PUNCT
taxlaw-2830	502	1	liquidity	liquidity	NOUN
taxlaw-2830	502	2	attracts	attract	VERB
taxlaw-2830	502	3	investors	investor	NOUN
taxlaw-2830	502	4	who	who	PRON
taxlaw-2830	502	5	value	value	VERB
taxlaw-2830	502	6	the	the	DET
taxlaw-2830	502	7	exit	exit	NOUN
taxlaw-2830	502	8	rights	right	NOUN
taxlaw-2830	502	9	or	or	CCONJ
taxlaw-2830	502	10	the	the	DET
taxlaw-2830	502	11	financial	financial	ADJ
taxlaw-2830	502	12	strategies	strategy	NOUN
taxlaw-2830	502	13	that	that	PRON
taxlaw-2830	502	14	can	can	AUX
taxlaw-2830	502	15	be	be	AUX
taxlaw-2830	502	16	pursued	pursue	VERB
taxlaw-2830	502	17	with	with	ADP
taxlaw-2830	502	18	liquid	liquid	ADJ
taxlaw-2830	502	19	equity	equity	NOUN
taxlaw-2830	502	20	ownership.‖	ownership.‖	NOUN
taxlaw-2830	502	21	)	)	PUNCT
taxlaw-2830	502	22	;	;	PUNCT
taxlaw-2830	502	23	i	i	PRON
taxlaw-2830	502	24	d.	d.	PROPN
taxlaw-2830	502	25	at	at	ADP
taxlaw-2830	502	26	1103	1103	NUM
taxlaw-2830	502	27	-	-	SYM
taxlaw-2830	502	28	06	06	NUM
taxlaw-2830	502	29	(	(	PUNCT
taxlaw-2830	502	30	discussing	discuss	VERB
taxlaw-2830	502	31	value	value	NOUN
taxlaw-2830	502	32	of	of	ADP
taxlaw-2830	502	33	liquidity	liquidity	NOUN
taxlaw-2830	502	34	to	to	ADP
taxlaw-2830	502	35	shareholders	shareholder	NOUN
taxlaw-2830	502	36	)	)	PUNCT
taxlaw-2830	502	37	.	.	PUNCT
taxlaw-2830	503	1	90	90	NUM
taxlaw-2830	503	2	see	see	VERB
taxlaw-2830	503	3	,	,	PUNCT
taxlaw-2830	503	4	e.g.	e.g.	ADV
taxlaw-2830	503	5	,	,	PUNCT
taxlaw-2830	503	6	anthony	anthony	PROPN
taxlaw-2830	503	7	p.	p.	PROPN
taxlaw-2830	503	8	polito	polito	PROPN
taxlaw-2830	503	9	,	,	PUNCT
taxlaw-2830	503	10	advancing	advance	VERB
taxlaw-2830	503	11	to	to	ADP
taxlaw-2830	503	12	corporate	corporate	ADJ
taxlaw-2830	503	13	tax	tax	NOUN
taxlaw-2830	503	14	integration	integration	NOUN
taxlaw-2830	503	15	:	:	PUNCT
taxlaw-2830	503	16	a	a	DET
taxlaw-2830	503	17	laissez	laissez	NOUN
taxlaw-2830	503	18	-	-	PUNCT
taxlaw-2830	503	19	faire	faire	NOUN
taxlaw-2830	503	20	approach	approach	NOUN
taxlaw-2830	503	21	,	,	PUNCT
taxlaw-2830	503	22	55	55	NUM
taxlaw-2830	503	23	s.c	s.c	PROPN
taxlaw-2830	503	24	.	.	PROPN
taxlaw-2830	503	25	l.	l.	PROPN
taxlaw-2830	503	26	rev	rev	PROPN
taxlaw-2830	503	27	.	.	PROPN
taxlaw-2830	503	28	1	1	NUM
taxlaw-2830	503	29	,	,	PUNCT
taxlaw-2830	503	30	19	19	NUM
taxlaw-2830	503	31	-	-	SYM
taxlaw-2830	503	32	20	20	NUM
taxlaw-2830	503	33	(	(	PUNCT
taxlaw-2830	503	34	2003	2003	NUM
taxlaw-2830	503	35	)	)	PUNCT
taxlaw-2830	503	36	.	.	PUNCT
taxlaw-2830	504	1	91	91	NUM
taxlaw-2830	504	2	see	see	VERB
taxlaw-2830	504	3	,	,	PUNCT
taxlaw-2830	504	4	e.g.	e.g.	ADV
taxlaw-2830	504	5	,	,	PUNCT
taxlaw-2830	504	6	jane	jane	PROPN
taxlaw-2830	504	7	g.	g.	PROPN
taxlaw-2830	504	8	gravelle	gravelle	PROPN
taxlaw-2830	504	9	&	&	CCONJ
taxlaw-2830	504	10	laurence	laurence	PROPN
taxlaw-2830	504	11	j.	j.	PROPN
taxlaw-2830	504	12	kotlikoff	kotlikoff	PROPN
taxlaw-2830	504	13	,	,	PUNCT
taxlaw-2830	504	14	the	the	DET
taxlaw-2830	504	15	incidence	incidence	NOUN
taxlaw-2830	504	16	and	and	CCONJ
taxlaw-2830	504	17	efficiency	efficiency	NOUN
taxlaw-2830	504	18	costs	cost	NOUN
taxlaw-2830	504	19	of	of	ADP
taxlaw-2830	504	20	corporate	corporate	ADJ
taxlaw-2830	504	21	taxation	taxation	NOUN
taxlaw-2830	504	22	when	when	SCONJ
taxlaw-2830	504	23	corporate	corporate	ADJ
taxlaw-2830	504	24	and	and	CCONJ
taxlaw-2830	504	25	noncorporate	noncorporate	ADJ
taxlaw-2830	504	26	firms	firm	NOUN
taxlaw-2830	504	27	produce	produce	VERB
taxlaw-2830	504	28	the	the	DET
taxlaw-2830	504	29	same	same	ADJ
taxlaw-2830	504	30	good	good	NOUN
taxlaw-2830	504	31	,	,	PUNCT
taxlaw-2830	504	32	97	97	NUM
taxlaw-2830	504	33	j.	j.	PROPN
taxlaw-2830	504	34	pol	pol	PROPN
taxlaw-2830	504	35	.	.	PUNCT
taxlaw-2830	505	1	econ	econ	PROPN
taxlaw-2830	505	2	.	.	PUNCT
taxlaw-2830	506	1	749	749	NUM
taxlaw-2830	506	2	,	,	PUNCT
taxlaw-2830	506	3	757	757	NUM
taxlaw-2830	506	4	(	(	PUNCT
taxlaw-2830	506	5	1989	1989	NUM
taxlaw-2830	506	6	)	)	PUNCT
taxlaw-2830	506	7	(	(	PUNCT
taxlaw-2830	506	8	―[g]iven	―[g]iven	ADV
taxlaw-2830	506	9	that	that	SCONJ
taxlaw-2830	506	10	some	some	DET
taxlaw-2830	506	11	enterprises	enterprise	NOUN
taxlaw-2830	506	12	are	be	AUX
taxlaw-2830	506	13	large	large	ADJ
taxlaw-2830	506	14	,	,	PUNCT
taxlaw-2830	506	15	why	why	SCONJ
taxlaw-2830	506	16	should	should	AUX
taxlaw-2830	506	17	they	they	PRON
taxlaw-2830	506	18	have	have	VERB
taxlaw-2830	506	19	more	more	ADJ
taxlaw-2830	506	20	than	than	ADP
taxlaw-2830	506	21	a	a	DET
taxlaw-2830	506	22	very	very	ADV
taxlaw-2830	506	23	small	small	ADJ
taxlaw-2830	506	24	number	number	NOUN
taxlaw-2830	506	25	of	of	ADP
taxlaw-2830	506	26	owners	owner	NOUN
taxlaw-2830	506	27	?	?	PUNCT
taxlaw-2830	507	1	the	the	DET
taxlaw-2830	507	2	answer	answer	NOUN
taxlaw-2830	507	3	here	here	ADV
taxlaw-2830	507	4	appears	appear	VERB
taxlaw-2830	507	5	to	to	PART
taxlaw-2830	507	6	involve	involve	VERB
taxlaw-2830	507	7	a	a	DET
taxlaw-2830	507	8	number	number	NOUN
taxlaw-2830	507	9	of	of	ADP
taxlaw-2830	507	10	factors	factor	NOUN
taxlaw-2830	507	11	:	:	PUNCT
taxlaw-2830	507	12	diversification	diversification	NOUN
taxlaw-2830	507	13	of	of	ADP
taxlaw-2830	507	14	risk	risk	NOUN
taxlaw-2830	507	15	,	,	PUNCT
taxlaw-2830	507	16	the	the	DET
taxlaw-2830	507	17	desire	desire	NOUN
taxlaw-2830	507	18	to	to	PART
taxlaw-2830	507	19	limit	limit	VERB
taxlaw-2830	507	20	liability	liability	NOUN
taxlaw-2830	507	21	,	,	PUNCT
taxlaw-2830	507	22	information	information	NOUN
taxlaw-2830	507	23	costs	cost	NOUN
taxlaw-2830	507	24	of	of	ADP
taxlaw-2830	507	25	becoming	become	VERB
taxlaw-2830	507	26	fully	fully	ADV
taxlaw-2830	507	27	informed	inform	VERB
taxlaw-2830	507	28	about	about	ADP
taxlaw-2830	507	29	all	all	DET
taxlaw-2830	507	30	the	the	DET
taxlaw-2830	507	31	activities	activity	NOUN
taxlaw-2830	507	32	of	of	ADP
taxlaw-2830	507	33	a	a	DET
taxlaw-2830	507	34	large	large	ADJ
taxlaw-2830	507	35	enterprise	enterprise	NOUN
taxlaw-2830	507	36	,	,	PUNCT
taxlaw-2830	507	37	and	and	CCONJ
taxlaw-2830	507	38	liquidity.‖	liquidity.‖	PROPN
taxlaw-2830	507	39	)	)	PUNCT
taxlaw-2830	507	40	.	.	PUNCT
taxlaw-2830	508	1	92	92	NUM
taxlaw-2830	508	2	see	see	NOUN
taxlaw-2830	508	3	,	,	PUNCT
taxlaw-2830	508	4	e.g.	e.g.	ADV
taxlaw-2830	508	5	,	,	PUNCT
taxlaw-2830	508	6	rudnick	rudnick	NOUN
taxlaw-2830	508	7	,	,	PUNCT
taxlaw-2830	508	8	supra	supra	PROPN
taxlaw-2830	508	9	note	note	NOUN
taxlaw-2830	508	10	89	89	NUM
taxlaw-2830	508	11	at	at	ADP
taxlaw-2830	508	12	1121	1121	NUM
taxlaw-2830	508	13	-	-	SYM
taxlaw-2830	508	14	22	22	NUM
taxlaw-2830	508	15	(	(	PUNCT
taxlaw-2830	508	16	explaining	explain	VERB
taxlaw-2830	508	17	that	that	SCONJ
taxlaw-2830	508	18	a	a	DET
taxlaw-2830	508	19	market	market	NOUN
taxlaw-2830	508	20	for	for	ADP
taxlaw-2830	508	21	liquid	liquid	ADJ
taxlaw-2830	508	22	shares	share	NOUN
taxlaw-2830	508	23	helps	help	VERB
taxlaw-2830	508	24	owners	owner	NOUN
taxlaw-2830	508	25	to	to	PART
taxlaw-2830	508	26	monitor	monitor	VERB
taxlaw-2830	508	27	managers	manager	NOUN
taxlaw-2830	508	28	more	more	ADV
taxlaw-2830	508	29	effectively	effectively	ADV
taxlaw-2830	508	30	)	)	PUNCT
taxlaw-2830	508	31	.	.	PUNCT
taxlaw-2830	509	1	93	93	NUM
taxlaw-2830	509	2	see	see	VERB
taxlaw-2830	509	3	,	,	PUNCT
taxlaw-2830	509	4	e.g.	e.g.	ADV
taxlaw-2830	509	5	,	,	PUNCT
taxlaw-2830	509	6	rudnick	rudnick	NOUN
taxlaw-2830	509	7	,	,	PUNCT
taxlaw-2830	509	8	supra	supra	PROPN
taxlaw-2830	509	9	note	note	NOUN
taxlaw-2830	509	10	89	89	NUM
taxlaw-2830	509	11	at	at	ADP
taxlaw-2830	509	12	986	986	NUM
taxlaw-2830	509	13	,	,	PUNCT
taxlaw-2830	509	14	1103	1103	NUM
taxlaw-2830	509	15	-	-	SYM
taxlaw-2830	509	16	06	06	NUM
taxlaw-2830	509	17	,	,	PUNCT
taxlaw-2830	509	18	1114	1114	NUM
taxlaw-2830	509	19	-	-	SYM
taxlaw-2830	509	20	15	15	NUM
taxlaw-2830	509	21	.	.	PUNCT
taxlaw-2830	510	1	columbia	columbia	PROPN
taxlaw-2830	510	2	journal	journal	PROPN
taxlaw-2830	510	3	of	of	ADP
taxlaw-2830	510	4	tax	tax	NOUN
taxlaw-2830	510	5	law	law	NOUN
taxlaw-2830	510	6	[	[	AUX
taxlaw-2830	510	7	vol.6:147	vol.6:147	PROPN
taxlaw-2830	510	8	164	164	NUM
taxlaw-2830	510	9	treated	treat	VERB
taxlaw-2830	510	10	as	as	ADP
taxlaw-2830	510	11	corporations	corporation	NOUN
taxlaw-2830	510	12	for	for	ADP
taxlaw-2830	510	13	tax	tax	NOUN
taxlaw-2830	510	14	purposes	purpose	NOUN
taxlaw-2830	510	15	.	.	PUNCT
taxlaw-2830	511	1	94	94	NUM
taxlaw-2830	511	2	second	second	ADJ
taxlaw-2830	511	3	,	,	PUNCT
taxlaw-2830	511	4	selecting	select	VERB
taxlaw-2830	511	5	public	public	ADJ
taxlaw-2830	511	6	trading	trading	NOUN
taxlaw-2830	511	7	as	as	ADP
taxlaw-2830	511	8	the	the	DET
taxlaw-2830	511	9	boundary	boundary	NOUN
taxlaw-2830	511	10	for	for	ADP
taxlaw-2830	511	11	the	the	DET
taxlaw-2830	511	12	corporate	corporate	ADJ
taxlaw-2830	511	13	tax	tax	NOUN
taxlaw-2830	511	14	system	system	NOUN
taxlaw-2830	511	15	may	may	AUX
taxlaw-2830	511	16	distort	distort	VERB
taxlaw-2830	511	17	taxpayers	taxpayer	NOUN
taxlaw-2830	511	18	‘	‘	PART
taxlaw-2830	511	19	decisions	decision	NOUN
taxlaw-2830	511	20	less	less	ADV
taxlaw-2830	511	21	significantly	significantly	ADV
taxlaw-2830	511	22	than	than	ADP
taxlaw-2830	511	23	selecting	select	VERB
taxlaw-2830	511	24	a	a	DET
taxlaw-2830	511	25	boundary	boundary	NOUN
taxlaw-2830	511	26	that	that	PRON
taxlaw-2830	511	27	is	be	AUX
taxlaw-2830	511	28	easier	easy	ADJ
taxlaw-2830	511	29	to	to	PART
taxlaw-2830	511	30	avoid	avoid	VERB
taxlaw-2830	511	31	,	,	PUNCT
taxlaw-2830	511	32	which	which	PRON
taxlaw-2830	511	33	could	could	AUX
taxlaw-2830	511	34	improve	improve	VERB
taxlaw-2830	511	35	the	the	DET
taxlaw-2830	511	36	efficiency	efficiency	NOUN
taxlaw-2830	511	37	of	of	ADP
taxlaw-2830	511	38	the	the	DET
taxlaw-2830	511	39	tax	tax	NOUN
taxlaw-2830	511	40	system	system	NOUN
taxlaw-2830	511	41	.	.	PUNCT
taxlaw-2830	512	1	95	95	NUM
taxlaw-2830	512	2	however	however	ADV
taxlaw-2830	512	3	,	,	PUNCT
taxlaw-2830	512	4	selecting	select	VERB
taxlaw-2830	512	5	public	public	ADJ
taxlaw-2830	512	6	trading	trading	NOUN
taxlaw-2830	512	7	as	as	SCONJ
taxlaw-2830	512	8	the	the	DET
taxlaw-2830	512	9	boundary	boundary	NOUN
taxlaw-2830	512	10	does	do	AUX
taxlaw-2830	512	11	not	not	PART
taxlaw-2830	512	12	necessarily	necessarily	ADV
taxlaw-2830	512	13	lessen	lessen	VERB
taxlaw-2830	512	14	the	the	DET
taxlaw-2830	512	15	extent	extent	NOUN
taxlaw-2830	512	16	to	to	PART
taxlaw-2830	512	17	which	which	PRON
taxlaw-2830	512	18	the	the	DET
taxlaw-2830	512	19	tax	tax	NOUN
taxlaw-2830	512	20	system	system	NOUN
taxlaw-2830	512	21	distorts	distort	VERB
taxlaw-2830	512	22	taxpayers	taxpayer	NOUN
taxlaw-2830	512	23	‘	‘	PART
taxlaw-2830	512	24	decision	decision	NOUN
taxlaw-2830	512	25	making	making	NOUN
taxlaw-2830	512	26	.	.	PUNCT
taxlaw-2830	513	1	on	on	ADP
taxlaw-2830	513	2	the	the	DET
taxlaw-2830	513	3	one	one	NUM
taxlaw-2830	513	4	hand	hand	NOUN
taxlaw-2830	513	5	,	,	PUNCT
taxlaw-2830	513	6	because	because	SCONJ
taxlaw-2830	513	7	entities	entity	NOUN
taxlaw-2830	513	8	have	have	VERB
taxlaw-2830	513	9	strong	strong	ADJ
taxlaw-2830	513	10	non	non	ADJ
taxlaw-2830	513	11	-	-	ADJ
taxlaw-2830	513	12	tax	tax	ADJ
taxlaw-2830	513	13	reasons	reason	NOUN
taxlaw-2830	513	14	to	to	PART
taxlaw-2830	513	15	maintain	maintain	VERB
taxlaw-2830	513	16	liquidity	liquidity	NOUN
taxlaw-2830	513	17	for	for	ADP
taxlaw-2830	513	18	their	their	PRON
taxlaw-2830	513	19	owners	owner	NOUN
taxlaw-2830	513	20	,	,	PUNCT
taxlaw-2830	513	21	they	they	PRON
taxlaw-2830	513	22	are	be	AUX
taxlaw-2830	513	23	unlikely	unlikely	ADJ
taxlaw-2830	513	24	to	to	PART
taxlaw-2830	513	25	relinquish	relinquish	VERB
taxlaw-2830	513	26	public	public	ADJ
taxlaw-2830	513	27	trading	trading	NOUN
taxlaw-2830	513	28	in	in	ADP
taxlaw-2830	513	29	order	order	NOUN
taxlaw-2830	513	30	to	to	PART
taxlaw-2830	513	31	avoid	avoid	VERB
taxlaw-2830	513	32	corporate	corporate	ADJ
taxlaw-2830	513	33	tax	tax	NOUN
taxlaw-2830	513	34	.	.	PUNCT
taxlaw-2830	514	1	on	on	ADP
taxlaw-2830	514	2	the	the	DET
taxlaw-2830	514	3	other	other	ADJ
taxlaw-2830	514	4	hand	hand	NOUN
taxlaw-2830	514	5	,	,	PUNCT
taxlaw-2830	514	6	if	if	SCONJ
taxlaw-2830	514	7	an	an	DET
taxlaw-2830	514	8	entity	entity	NOUN
taxlaw-2830	514	9	does	do	AUX
taxlaw-2830	514	10	forgo	forgo	VERB
taxlaw-2830	514	11	public	public	ADJ
taxlaw-2830	514	12	trading	trading	NOUN
taxlaw-2830	514	13	,	,	PUNCT
taxlaw-2830	514	14	the	the	DET
taxlaw-2830	514	15	change	change	NOUN
taxlaw-2830	514	16	in	in	ADP
taxlaw-2830	514	17	that	that	DET
taxlaw-2830	514	18	entity‘s	entity‘s	PROPN
taxlaw-2830	514	19	behavior	behavior	NOUN
taxlaw-2830	514	20	will	will	AUX
taxlaw-2830	514	21	be	be	AUX
taxlaw-2830	514	22	quite	quite	ADV
taxlaw-2830	514	23	drastic	drastic	ADJ
taxlaw-2830	514	24	.	.	PUNCT
taxlaw-2830	515	1	thus	thus	ADV
taxlaw-2830	515	2	,	,	PUNCT
taxlaw-2830	515	3	the	the	DET
taxlaw-2830	515	4	public	public	ADJ
taxlaw-2830	515	5	trading	trading	NOUN
taxlaw-2830	515	6	line	line	NOUN
taxlaw-2830	515	7	is	be	AUX
taxlaw-2830	515	8	less	less	ADV
taxlaw-2830	515	9	likely	likely	ADJ
taxlaw-2830	515	10	to	to	PART
taxlaw-2830	515	11	cause	cause	VERB
taxlaw-2830	515	12	distortions	distortion	NOUN
taxlaw-2830	515	13	than	than	ADP
taxlaw-2830	515	14	a	a	DET
taxlaw-2830	515	15	more	more	ADV
taxlaw-2830	515	16	easily	easily	ADV
taxlaw-2830	515	17	avoided	avoided	ADJ
taxlaw-2830	515	18	line	line	NOUN
taxlaw-2830	515	19	,	,	PUNCT
taxlaw-2830	515	20	but	but	CCONJ
taxlaw-2830	515	21	when	when	SCONJ
taxlaw-2830	515	22	it	it	PRON
taxlaw-2830	515	23	does	do	AUX
taxlaw-2830	515	24	cause	cause	VERB
taxlaw-2830	515	25	distortions	distortion	NOUN
taxlaw-2830	515	26	,	,	PUNCT
taxlaw-2830	515	27	those	those	DET
taxlaw-2830	515	28	distortions	distortion	NOUN
taxlaw-2830	515	29	will	will	AUX
taxlaw-2830	515	30	be	be	AUX
taxlaw-2830	515	31	more	more	ADV
taxlaw-2830	515	32	severe	severe	ADJ
taxlaw-2830	515	33	.	.	PUNCT
taxlaw-2830	516	1	96	96	NUM
taxlaw-2830	517	1	in	in	ADP
taxlaw-2830	517	2	summary	summary	NOUN
taxlaw-2830	517	3	,	,	PUNCT
taxlaw-2830	517	4	if	if	SCONJ
taxlaw-2830	517	5	some	some	PRON
taxlaw-2830	517	6	but	but	CCONJ
taxlaw-2830	517	7	not	not	PART
taxlaw-2830	517	8	all	all	DET
taxlaw-2830	517	9	business	business	NOUN
taxlaw-2830	517	10	entities	entity	NOUN
taxlaw-2830	517	11	will	will	AUX
taxlaw-2830	517	12	be	be	AUX
taxlaw-2830	517	13	subject	subject	ADJ
taxlaw-2830	517	14	to	to	ADP
taxlaw-2830	517	15	corporate	corporate	ADJ
taxlaw-2830	517	16	tax	tax	NOUN
taxlaw-2830	517	17	,	,	PUNCT
taxlaw-2830	517	18	some	some	DET
taxlaw-2830	517	19	test	test	NOUN
taxlaw-2830	517	20	must	must	AUX
taxlaw-2830	517	21	be	be	AUX
taxlaw-2830	517	22	selected	select	VERB
taxlaw-2830	517	23	to	to	PART
taxlaw-2830	517	24	sort	sort	VERB
taxlaw-2830	517	25	between	between	ADP
taxlaw-2830	517	26	entities	entity	NOUN
taxlaw-2830	517	27	that	that	PRON
taxlaw-2830	517	28	will	will	AUX
taxlaw-2830	517	29	and	and	CCONJ
taxlaw-2830	517	30	will	will	AUX
taxlaw-2830	517	31	not	not	PART
taxlaw-2830	517	32	be	be	AUX
taxlaw-2830	517	33	subject	subject	ADJ
taxlaw-2830	517	34	to	to	ADP
taxlaw-2830	517	35	corporate	corporate	ADJ
taxlaw-2830	517	36	tax	tax	NOUN
taxlaw-2830	517	37	.	.	PUNCT
taxlaw-2830	518	1	adopting	adopt	VERB
taxlaw-2830	518	2	public	public	ADJ
taxlaw-2830	518	3	trading	trading	NOUN
taxlaw-2830	518	4	as	as	SCONJ
taxlaw-2830	518	5	the	the	DET
taxlaw-2830	518	6	test	test	NOUN
taxlaw-2830	518	7	may	may	AUX
taxlaw-2830	518	8	be	be	AUX
taxlaw-2830	518	9	justified	justify	VERB
taxlaw-2830	518	10	on	on	ADP
taxlaw-2830	518	11	the	the	DET
taxlaw-2830	518	12	grounds	ground	NOUN
taxlaw-2830	518	13	that	that	SCONJ
taxlaw-2830	518	14	taxpayers	taxpayer	NOUN
taxlaw-2830	518	15	have	have	VERB
taxlaw-2830	518	16	strong	strong	ADJ
taxlaw-2830	518	17	non	non	ADJ
taxlaw-2830	518	18	-	-	ADJ
taxlaw-2830	518	19	tax	tax	ADJ
taxlaw-2830	518	20	reasons	reason	NOUN
taxlaw-2830	518	21	to	to	PART
taxlaw-2830	518	22	demand	demand	VERB
taxlaw-2830	518	23	public	public	ADJ
taxlaw-2830	518	24	trading	trading	NOUN
taxlaw-2830	518	25	.	.	PUNCT
taxlaw-2830	519	1	therefore	therefore	ADV
taxlaw-2830	519	2	,	,	PUNCT
taxlaw-2830	519	3	taxpayers	taxpayer	NOUN
taxlaw-2830	519	4	can	can	AUX
taxlaw-2830	519	5	not	not	PART
taxlaw-2830	519	6	easily	easily	ADV
taxlaw-2830	519	7	circumvent	circumvent	VERB
taxlaw-2830	519	8	the	the	DET
taxlaw-2830	519	9	test	test	NOUN
taxlaw-2830	519	10	.	.	PUNCT
taxlaw-2830	520	1	97	97	NUM
taxlaw-2830	520	2	b.	b.	NOUN
taxlaw-2830	520	3	why	why	SCONJ
taxlaw-2830	520	4	qualifying	qualify	VERB
taxlaw-2830	520	5	income	income	NOUN
taxlaw-2830	520	6	?	?	PUNCT
taxlaw-2830	521	1	as	as	SCONJ
taxlaw-2830	521	2	discussed	discuss	VERB
taxlaw-2830	521	3	above	above	ADV
taxlaw-2830	521	4	,	,	PUNCT
taxlaw-2830	521	5	congress	congress	PROPN
taxlaw-2830	521	6	opted	opt	VERB
taxlaw-2830	521	7	to	to	PART
taxlaw-2830	521	8	impose	impose	VERB
taxlaw-2830	521	9	the	the	DET
taxlaw-2830	521	10	corporate	corporate	ADJ
taxlaw-2830	521	11	tax	tax	NOUN
taxlaw-2830	521	12	system	system	NOUN
taxlaw-2830	521	13	on	on	ADP
taxlaw-2830	521	14	publicly	publicly	ADV
taxlaw-2830	521	15	traded	trade	VERB
taxlaw-2830	521	16	entities	entity	NOUN
taxlaw-2830	521	17	;	;	PUNCT
taxlaw-2830	521	18	however	however	ADV
taxlaw-2830	521	19	,	,	PUNCT
taxlaw-2830	521	20	congress	congress	PROPN
taxlaw-2830	521	21	provided	provide	VERB
taxlaw-2830	521	22	exceptions	exception	NOUN
taxlaw-2830	521	23	for	for	ADP
taxlaw-2830	521	24	certain	certain	ADJ
taxlaw-2830	521	25	publicly	publicly	ADV
taxlaw-2830	521	26	traded	trade	VERB
taxlaw-2830	521	27	entities	entity	NOUN
taxlaw-2830	521	28	that	that	PRON
taxlaw-2830	521	29	predominately	predominately	ADV
taxlaw-2830	521	30	earn	earn	VERB
taxlaw-2830	521	31	qualifying	qualify	VERB
taxlaw-2830	521	32	income	income	NOUN
taxlaw-2830	521	33	.	.	PUNCT
taxlaw-2830	522	1	98	98	NUM
taxlaw-2830	522	2	for	for	ADP
taxlaw-2830	522	3	instance	instance	NOUN
taxlaw-2830	522	4	,	,	PUNCT
taxlaw-2830	522	5	special	special	ADJ
taxlaw-2830	522	6	treatment	treatment	NOUN
taxlaw-2830	522	7	is	be	AUX
taxlaw-2830	522	8	bestowed	bestow	VERB
taxlaw-2830	522	9	upon	upon	SCONJ
taxlaw-2830	522	10	exempt	exempt	ADJ
taxlaw-2830	522	11	publicly	publicly	ADV
taxlaw-2830	522	12	traded	trade	VERB
taxlaw-2830	522	13	partnerships	partnership	NOUN
taxlaw-2830	522	14	and	and	CCONJ
taxlaw-2830	522	15	reits	reit	NOUN
taxlaw-2830	522	16	,	,	PUNCT
taxlaw-2830	522	17	and	and	CCONJ
taxlaw-2830	522	18	,	,	PUNCT
taxlaw-2830	522	19	in	in	ADP
taxlaw-2830	522	20	order	order	NOUN
taxlaw-2830	522	21	to	to	PART
taxlaw-2830	522	22	obtain	obtain	VERB
taxlaw-2830	522	23	classification	classification	NOUN
taxlaw-2830	522	24	as	as	ADP
taxlaw-2830	522	25	an	an	DET
taxlaw-2830	522	26	exempt	exempt	ADJ
taxlaw-2830	522	27	publicly	publicly	ADV
taxlaw-2830	522	28	traded	trade	VERB
taxlaw-2830	522	29	partnership	partnership	NOUN
taxlaw-2830	522	30	or	or	CCONJ
taxlaw-2830	522	31	a	a	DET
taxlaw-2830	522	32	reit	reit	NOUN
taxlaw-2830	522	33	,	,	PUNCT
taxlaw-2830	522	34	an	an	DET
taxlaw-2830	522	35	entity	entity	NOUN
taxlaw-2830	522	36	must	must	AUX
taxlaw-2830	522	37	predominately	predominately	ADV
taxlaw-2830	522	38	earn	earn	VERB
taxlaw-2830	522	39	certain	certain	ADJ
taxlaw-2830	522	40	types	type	NOUN
taxlaw-2830	522	41	of	of	ADP
taxlaw-2830	522	42	qualifying	qualify	VERB
taxlaw-2830	522	43	income	income	NOUN
taxlaw-2830	522	44	.	.	PUNCT
taxlaw-2830	523	1	99	99	NUM
taxlaw-2830	523	2	94	94	NUM
taxlaw-2830	523	3	see	see	VERB
taxlaw-2830	523	4	h.r	h.r	PROPN
taxlaw-2830	523	5	.	.	PROPN
taxlaw-2830	523	6	rep	rep	PROPN
taxlaw-2830	523	7	.	.	PUNCT
taxlaw-2830	524	1	no	no	INTJ
taxlaw-2830	524	2	.	.	NOUN
taxlaw-2830	525	1	100	100	NUM
taxlaw-2830	525	2	-	-	SYM
taxlaw-2830	525	3	391	391	NUM
taxlaw-2830	525	4	,	,	PUNCT
taxlaw-2830	525	5	pt	pt	NOUN
taxlaw-2830	525	6	.	.	PROPN
taxlaw-2830	525	7	2	2	NUM
taxlaw-2830	525	8	,	,	PUNCT
taxlaw-2830	525	9	at	at	ADP
taxlaw-2830	525	10	1065	1065	NUM
taxlaw-2830	525	11	(	(	PUNCT
taxlaw-2830	525	12	1987	1987	NUM
taxlaw-2830	525	13	)	)	PUNCT
taxlaw-2830	525	14	(	(	PUNCT
taxlaw-2830	525	15	―the	―the	DET
taxlaw-2830	525	16	recent	recent	ADJ
taxlaw-2830	525	17	proliferation	proliferation	NOUN
taxlaw-2830	525	18	of	of	ADP
taxlaw-2830	525	19	publicly	publicly	ADV
taxlaw-2830	525	20	traded	trade	VERB
taxlaw-2830	525	21	partnerships	partnership	NOUN
taxlaw-2830	525	22	has	have	AUX
taxlaw-2830	525	23	come	come	VERB
taxlaw-2830	525	24	to	to	ADP
taxlaw-2830	525	25	the	the	DET
taxlaw-2830	525	26	committee	committee	NOUN
taxlaw-2830	525	27	's	's	PART
taxlaw-2830	525	28	attention	attention	NOUN
taxlaw-2830	525	29	.	.	PUNCT
taxlaw-2830	526	1	the	the	DET
taxlaw-2830	526	2	growth	growth	NOUN
taxlaw-2830	526	3	in	in	ADP
taxlaw-2830	526	4	such	such	ADJ
taxlaw-2830	526	5	partnerships	partnership	NOUN
taxlaw-2830	526	6	has	have	AUX
taxlaw-2830	526	7	caused	cause	VERB
taxlaw-2830	526	8	concern	concern	NOUN
taxlaw-2830	526	9	about	about	ADP
taxlaw-2830	526	10	long	long	ADJ
taxlaw-2830	526	11	-	-	PUNCT
taxlaw-2830	526	12	term	term	NOUN
taxlaw-2830	526	13	erosion	erosion	NOUN
taxlaw-2830	526	14	of	of	ADP
taxlaw-2830	526	15	the	the	DET
taxlaw-2830	526	16	corporate	corporate	ADJ
taxlaw-2830	526	17	tax	tax	NOUN
taxlaw-2830	526	18	base	base	NOUN
taxlaw-2830	526	19	.	.	PUNCT
taxlaw-2830	527	1	to	to	ADP
taxlaw-2830	527	2	the	the	DET
taxlaw-2830	527	3	extent	extent	NOUN
taxlaw-2830	527	4	that	that	SCONJ
taxlaw-2830	527	5	activities	activity	NOUN
taxlaw-2830	527	6	would	would	AUX
taxlaw-2830	527	7	otherwise	otherwise	ADV
taxlaw-2830	527	8	be	be	AUX
taxlaw-2830	527	9	conducted	conduct	VERB
taxlaw-2830	527	10	in	in	ADP
taxlaw-2830	527	11	corporate	corporate	ADJ
taxlaw-2830	527	12	form	form	NOUN
taxlaw-2830	527	13	,	,	PUNCT
taxlaw-2830	527	14	and	and	CCONJ
taxlaw-2830	527	15	earnings	earning	NOUN
taxlaw-2830	527	16	would	would	AUX
taxlaw-2830	527	17	be	be	AUX
taxlaw-2830	527	18	subject	subject	ADJ
taxlaw-2830	527	19	to	to	ADP
taxlaw-2830	527	20	two	two	NUM
taxlaw-2830	527	21	levels	level	NOUN
taxlaw-2830	527	22	of	of	ADP
taxlaw-2830	527	23	tax	tax	NOUN
taxlaw-2830	527	24	(	(	PUNCT
taxlaw-2830	527	25	at	at	ADP
taxlaw-2830	527	26	the	the	DET
taxlaw-2830	527	27	corporate	corporate	ADJ
taxlaw-2830	527	28	and	and	CCONJ
taxlaw-2830	527	29	shareholder	shareholder	NOUN
taxlaw-2830	527	30	levels	level	NOUN
taxlaw-2830	527	31	)	)	PUNCT
taxlaw-2830	527	32	,	,	PUNCT
taxlaw-2830	527	33	the	the	DET
taxlaw-2830	527	34	growth	growth	NOUN
taxlaw-2830	527	35	of	of	ADP
taxlaw-2830	527	36	publicly	publicly	ADV
taxlaw-2830	527	37	traded	trade	VERB
taxlaw-2830	527	38	partnerships	partnership	NOUN
taxlaw-2830	527	39	engaged	engage	VERB
taxlaw-2830	527	40	in	in	ADP
taxlaw-2830	527	41	such	such	ADJ
taxlaw-2830	527	42	activities	activity	NOUN
taxlaw-2830	527	43	tends	tend	VERB
taxlaw-2830	527	44	to	to	PART
taxlaw-2830	527	45	jeopardize	jeopardize	VERB
taxlaw-2830	527	46	the	the	DET
taxlaw-2830	527	47	corporate	corporate	ADJ
taxlaw-2830	527	48	tax	tax	NOUN
taxlaw-2830	527	49	base.‖	base.‖	NOUN
taxlaw-2830	527	50	)	)	PUNCT
taxlaw-2830	527	51	.	.	PUNCT
taxlaw-2830	528	1	95	95	NUM
taxlaw-2830	528	2	see	see	VERB
taxlaw-2830	528	3	,	,	PUNCT
taxlaw-2830	528	4	e.g.	e.g.	ADV
taxlaw-2830	528	5	,	,	PUNCT
taxlaw-2830	528	6	weisbach	weisbach	NOUN
taxlaw-2830	528	7	,	,	PUNCT
taxlaw-2830	528	8	supra	supra	ADJ
taxlaw-2830	528	9	note	note	NOUN
taxlaw-2830	528	10	88	88	NUM
taxlaw-2830	528	11	at	at	ADP
taxlaw-2830	528	12	1630	1630	NUM
taxlaw-2830	528	13	(	(	PUNCT
taxlaw-2830	528	14	―the	―the	DET
taxlaw-2830	528	15	check	check	VERB
taxlaw-2830	528	16	-	-	PUNCT
taxlaw-2830	528	17	the	the	DET
taxlaw-2830	528	18	-	-	PUNCT
taxlaw-2830	528	19	box	box	NOUN
taxlaw-2830	528	20	regulations	regulation	NOUN
taxlaw-2830	528	21	try	try	VERB
taxlaw-2830	528	22	to	to	PART
taxlaw-2830	528	23	draw	draw	VERB
taxlaw-2830	528	24	a	a	DET
taxlaw-2830	528	25	line	line	NOUN
taxlaw-2830	528	26	-	-	PUNCT
taxlaw-2830	528	27	public	public	ADJ
taxlaw-2830	528	28	trading	trading	NOUN
taxlaw-2830	528	29	--	--	PUNCT
taxlaw-2830	528	30	that	that	PRON
taxlaw-2830	528	31	is	be	AUX
taxlaw-2830	528	32	more	more	ADV
taxlaw-2830	528	33	difficult	difficult	ADJ
taxlaw-2830	528	34	to	to	PART
taxlaw-2830	528	35	avoid	avoid	VERB
taxlaw-2830	528	36	.	.	PUNCT
taxlaw-2830	529	1	because	because	SCONJ
taxlaw-2830	529	2	fewer	few	ADJ
taxlaw-2830	529	3	taxpayers	taxpayer	NOUN
taxlaw-2830	529	4	will	will	AUX
taxlaw-2830	529	5	change	change	VERB
taxlaw-2830	529	6	their	their	PRON
taxlaw-2830	529	7	behavior	behavior	NOUN
taxlaw-2830	529	8	to	to	PART
taxlaw-2830	529	9	avoid	avoid	VERB
taxlaw-2830	529	10	the	the	DET
taxlaw-2830	529	11	new	new	ADJ
taxlaw-2830	529	12	line	line	NOUN
taxlaw-2830	529	13	,	,	PUNCT
taxlaw-2830	529	14	it	it	PRON
taxlaw-2830	529	15	is	be	AUX
taxlaw-2830	529	16	potentially	potentially	ADV
taxlaw-2830	529	17	more	more	ADJ
taxlaw-2830	529	18	efficient.‖	efficient.‖	NOUN
taxlaw-2830	529	19	)	)	PUNCT
taxlaw-2830	529	20	.	.	PUNCT
taxlaw-2830	530	1	96	96	NUM
taxlaw-2830	530	2	see	see	VERB
taxlaw-2830	530	3	,	,	PUNCT
taxlaw-2830	530	4	also	also	ADV
taxlaw-2830	530	5	,	,	PUNCT
taxlaw-2830	530	6	weisbach	weisbach	NOUN
taxlaw-2830	530	7	,	,	PUNCT
taxlaw-2830	530	8	supra	supra	ADJ
taxlaw-2830	530	9	note	note	NOUN
taxlaw-2830	530	10	88	88	NUM
taxlaw-2830	530	11	at	at	ADP
taxlaw-2830	530	12	1669–70	1669–70	NUM
taxlaw-2830	530	13	(	(	PUNCT
taxlaw-2830	530	14	―[w]e	―[w]e	PROPN
taxlaw-2830	530	15	can	can	AUX
taxlaw-2830	530	16	not	not	PART
taxlaw-2830	530	17	simply	simply	ADV
taxlaw-2830	530	18	interpret	interpret	VERB
taxlaw-2830	530	19	the	the	DET
taxlaw-2830	530	20	models	model	NOUN
taxlaw-2830	530	21	as	as	ADP
taxlaw-2830	530	22	suggesting	suggest	VERB
taxlaw-2830	530	23	that	that	SCONJ
taxlaw-2830	530	24	lines	line	NOUN
taxlaw-2830	530	25	in	in	ADP
taxlaw-2830	530	26	the	the	DET
taxlaw-2830	530	27	tax	tax	NOUN
taxlaw-2830	530	28	law	law	NOUN
taxlaw-2830	530	29	should	should	AUX
taxlaw-2830	530	30	be	be	AUX
taxlaw-2830	530	31	made	make	VERB
taxlaw-2830	530	32	harder	hard	ADJ
taxlaw-2830	530	33	to	to	PART
taxlaw-2830	530	34	avoid	avoid	VERB
taxlaw-2830	530	35	.	.	PUNCT
taxlaw-2830	531	1	a	a	DET
taxlaw-2830	531	2	line	line	NOUN
taxlaw-2830	531	3	can	can	AUX
taxlaw-2830	531	4	be	be	AUX
taxlaw-2830	531	5	too	too	ADV
taxlaw-2830	531	6	hard	hard	ADJ
taxlaw-2830	531	7	to	to	PART
taxlaw-2830	531	8	avoid	avoid	VERB
taxlaw-2830	531	9	,	,	PUNCT
taxlaw-2830	531	10	at	at	ADP
taxlaw-2830	531	11	least	least	ADJ
taxlaw-2830	531	12	from	from	ADP
taxlaw-2830	531	13	an	an	DET
taxlaw-2830	531	14	efficiency	efficiency	NOUN
taxlaw-2830	531	15	perspective	perspective	NOUN
taxlaw-2830	531	16	.	.	PUNCT
taxlaw-2830	532	1	this	this	PRON
taxlaw-2830	532	2	can	can	AUX
taxlaw-2830	532	3	happen	happen	VERB
taxlaw-2830	532	4	because	because	SCONJ
taxlaw-2830	532	5	there	there	PRON
taxlaw-2830	532	6	are	be	VERB
taxlaw-2830	532	7	two	two	NUM
taxlaw-2830	532	8	components	component	NOUN
taxlaw-2830	532	9	in	in	ADP
taxlaw-2830	532	10	the	the	DET
taxlaw-2830	532	11	deadweight	deadweight	NOUN
taxlaw-2830	532	12	loss	loss	NOUN
taxlaw-2830	532	13	triangles	triangle	NOUN
taxlaw-2830	532	14	(	(	PUNCT
taxlaw-2830	532	15	or	or	CCONJ
taxlaw-2830	532	16	marginal	marginal	ADJ
taxlaw-2830	532	17	deadweight	deadweight	NOUN
taxlaw-2830	532	18	loss	loss	NOUN
taxlaw-2830	532	19	trapezoids	trapezoid	NOUN
taxlaw-2830	532	20	):	):	PUNCT
taxlaw-2830	532	21	the	the	DET
taxlaw-2830	532	22	width	width	NOUN
taxlaw-2830	532	23	(	(	PUNCT
taxlaw-2830	532	24	reflecting	reflect	VERB
taxlaw-2830	532	25	elasticity	elasticity	NOUN
taxlaw-2830	532	26	)	)	PUNCT
taxlaw-2830	532	27	and	and	CCONJ
taxlaw-2830	532	28	the	the	DET
taxlaw-2830	532	29	height	height	NOUN
taxlaw-2830	532	30	(	(	PUNCT
taxlaw-2830	532	31	reflecting	reflect	VERB
taxlaw-2830	532	32	the	the	DET
taxlaw-2830	532	33	size	size	NOUN
taxlaw-2830	532	34	of	of	ADP
taxlaw-2830	532	35	the	the	DET
taxlaw-2830	532	36	tax	tax	NOUN
taxlaw-2830	532	37	)	)	PUNCT
taxlaw-2830	532	38	.	.	PUNCT
taxlaw-2830	533	1	taxing	tax	VERB
taxlaw-2830	533	2	a	a	DET
taxlaw-2830	533	3	low	low	ADJ
taxlaw-2830	533	4	-	-	PUNCT
taxlaw-2830	533	5	elasticity	elasticity	NOUN
taxlaw-2830	533	6	item	item	NOUN
taxlaw-2830	533	7	too	too	ADV
taxlaw-2830	533	8	high	high	ADJ
taxlaw-2830	533	9	is	be	AUX
taxlaw-2830	533	10	not	not	PART
taxlaw-2830	533	11	optimal	optimal	ADJ
taxlaw-2830	533	12	.	.	PUNCT
taxlaw-2830	534	1	we	we	PRON
taxlaw-2830	534	2	can	can	AUX
taxlaw-2830	534	3	think	think	VERB
taxlaw-2830	534	4	of	of	ADP
taxlaw-2830	534	5	these	these	DET
taxlaw-2830	534	6	dimensions	dimension	NOUN
taxlaw-2830	534	7	as	as	ADP
taxlaw-2830	534	8	the	the	DET
taxlaw-2830	534	9	number	number	NOUN
taxlaw-2830	534	10	of	of	ADP
taxlaw-2830	534	11	taxpayers	taxpayer	NOUN
taxlaw-2830	534	12	that	that	PRON
taxlaw-2830	534	13	shift	shift	VERB
taxlaw-2830	534	14	their	their	PRON
taxlaw-2830	534	15	behavior	behavior	NOUN
taxlaw-2830	534	16	(	(	PUNCT
taxlaw-2830	534	17	the	the	DET
taxlaw-2830	534	18	width	width	NOUN
taxlaw-2830	534	19	)	)	PUNCT
taxlaw-2830	534	20	and	and	CCONJ
taxlaw-2830	534	21	the	the	DET
taxlaw-2830	534	22	social	social	ADJ
taxlaw-2830	534	23	cost	cost	NOUN
taxlaw-2830	534	24	(	(	PUNCT
taxlaw-2830	534	25	loss	loss	NOUN
taxlaw-2830	534	26	of	of	ADP
taxlaw-2830	534	27	consumer	consumer	NOUN
taxlaw-2830	534	28	surplus	surplus	NOUN
taxlaw-2830	534	29	)	)	PUNCT
taxlaw-2830	534	30	for	for	ADP
taxlaw-2830	534	31	each	each	DET
taxlaw-2830	534	32	shift	shift	NOUN
taxlaw-2830	534	33	(	(	PUNCT
taxlaw-2830	534	34	the	the	DET
taxlaw-2830	534	35	height	height	NOUN
taxlaw-2830	534	36	)	)	PUNCT
taxlaw-2830	534	37	.	.	PUNCT
taxlaw-2830	535	1	if	if	SCONJ
taxlaw-2830	535	2	a	a	DET
taxlaw-2830	535	3	line	line	NOUN
taxlaw-2830	535	4	is	be	AUX
taxlaw-2830	535	5	too	too	ADV
taxlaw-2830	535	6	hard	hard	ADJ
taxlaw-2830	535	7	to	to	PART
taxlaw-2830	535	8	avoid	avoid	VERB
taxlaw-2830	535	9	,	,	PUNCT
taxlaw-2830	535	10	there	there	PRON
taxlaw-2830	535	11	may	may	AUX
taxlaw-2830	535	12	be	be	AUX
taxlaw-2830	535	13	few	few	ADJ
taxlaw-2830	535	14	shifts	shift	NOUN
taxlaw-2830	535	15	,	,	PUNCT
taxlaw-2830	535	16	but	but	CCONJ
taxlaw-2830	535	17	each	each	DET
taxlaw-2830	535	18	shift	shift	NOUN
taxlaw-2830	535	19	will	will	AUX
taxlaw-2830	535	20	have	have	VERB
taxlaw-2830	535	21	a	a	DET
taxlaw-2830	535	22	large	large	ADJ
taxlaw-2830	535	23	cost.‖	cost.‖	NOUN
taxlaw-2830	535	24	)	)	PUNCT
taxlaw-2830	535	25	.	.	PUNCT
taxlaw-2830	536	1	97	97	NUM
taxlaw-2830	536	2	imposing	impose	VERB
taxlaw-2830	536	3	the	the	DET
taxlaw-2830	536	4	corporate	corporate	ADJ
taxlaw-2830	536	5	tax	tax	NOUN
taxlaw-2830	536	6	system	system	NOUN
taxlaw-2830	536	7	on	on	ADP
taxlaw-2830	536	8	publicly	publicly	ADV
taxlaw-2830	536	9	traded	trade	VERB
taxlaw-2830	536	10	entities	entity	NOUN
taxlaw-2830	536	11	has	have	AUX
taxlaw-2830	536	12	also	also	ADV
taxlaw-2830	536	13	been	be	AUX
taxlaw-2830	536	14	justified	justify	VERB
taxlaw-2830	536	15	on	on	ADP
taxlaw-2830	536	16	the	the	DET
taxlaw-2830	536	17	grounds	ground	NOUN
taxlaw-2830	536	18	that	that	SCONJ
taxlaw-2830	536	19	applying	apply	VERB
taxlaw-2830	536	20	a	a	DET
taxlaw-2830	536	21	pass	pass	VERB
taxlaw-2830	536	22	-	-	PUNCT
taxlaw-2830	536	23	through	through	ADP
taxlaw-2830	536	24	tax	tax	NOUN
taxlaw-2830	536	25	regime	regime	NOUN
taxlaw-2830	536	26	to	to	PART
taxlaw-2830	536	27	publicly	publicly	ADV
taxlaw-2830	536	28	traded	trade	VERB
taxlaw-2830	536	29	entities	entity	NOUN
taxlaw-2830	536	30	would	would	AUX
taxlaw-2830	536	31	be	be	AUX
taxlaw-2830	536	32	too	too	ADV
taxlaw-2830	536	33	difficult	difficult	ADJ
taxlaw-2830	536	34	.	.	PUNCT
taxlaw-2830	537	1	see	see	VERB
taxlaw-2830	537	2	,	,	PUNCT
taxlaw-2830	537	3	e.g.	e.g.	ADV
taxlaw-2830	537	4	,	,	PUNCT
taxlaw-2830	537	5	h.r	h.r	PROPN
taxlaw-2830	537	6	.	.	PROPN
taxlaw-2830	537	7	rep	rep	PROPN
taxlaw-2830	537	8	.	.	PUNCT
taxlaw-2830	538	1	no	no	INTJ
taxlaw-2830	538	2	.	.	NOUN
taxlaw-2830	539	1	100	100	NUM
taxlaw-2830	539	2	-	-	SYM
taxlaw-2830	539	3	391	391	NUM
taxlaw-2830	539	4	(	(	PUNCT
taxlaw-2830	539	5	1987	1987	NUM
taxlaw-2830	539	6	)	)	PUNCT
taxlaw-2830	539	7	(	(	PUNCT
taxlaw-2830	539	8	―[b]ecause	―[b]ecause	NOUN
taxlaw-2830	539	9	of	of	ADP
taxlaw-2830	539	10	the	the	DET
taxlaw-2830	539	11	trading	trading	NOUN
taxlaw-2830	539	12	in	in	ADP
taxlaw-2830	539	13	interests	interest	NOUN
taxlaw-2830	539	14	,	,	PUNCT
taxlaw-2830	539	15	these	these	DET
taxlaw-2830	539	16	partnerships	partnership	NOUN
taxlaw-2830	539	17	present	present	VERB
taxlaw-2830	539	18	unique	unique	ADJ
taxlaw-2830	539	19	administrative	administrative	ADJ
taxlaw-2830	539	20	difficulties	difficulty	NOUN
taxlaw-2830	539	21	and	and	CCONJ
taxlaw-2830	539	22	enforcement	enforcement	NOUN
taxlaw-2830	539	23	concerns	concern	NOUN
taxlaw-2830	539	24	if	if	SCONJ
taxlaw-2830	539	25	the	the	DET
taxlaw-2830	539	26	tax	tax	NOUN
taxlaw-2830	539	27	law	law	NOUN
taxlaw-2830	539	28	relating	relate	VERB
taxlaw-2830	539	29	to	to	ADP
taxlaw-2830	539	30	partnerships	partnership	NOUN
taxlaw-2830	539	31	is	be	AUX
taxlaw-2830	539	32	applied	apply	VERB
taxlaw-2830	539	33	to	to	ADP
taxlaw-2830	539	34	them	they	PRON
taxlaw-2830	539	35	.	.	PUNCT
taxlaw-2830	540	1	the	the	DET
taxlaw-2830	540	2	partnership	partnership	NOUN
taxlaw-2830	540	3	tax	tax	NOUN
taxlaw-2830	540	4	rules	rule	NOUN
taxlaw-2830	540	5	under	under	ADP
taxlaw-2830	540	6	present	present	ADJ
taxlaw-2830	540	7	law	law	NOUN
taxlaw-2830	540	8	contemplate	contemplate	VERB
taxlaw-2830	540	9	an	an	DET
taxlaw-2830	540	10	entity	entity	NOUN
taxlaw-2830	540	11	in	in	ADP
taxlaw-2830	540	12	which	which	PRON
taxlaw-2830	540	13	the	the	DET
taxlaw-2830	540	14	identity	identity	NOUN
taxlaw-2830	540	15	of	of	ADP
taxlaw-2830	540	16	the	the	DET
taxlaw-2830	540	17	investors	investor	NOUN
taxlaw-2830	540	18	is	be	AUX
taxlaw-2830	540	19	known	know	VERB
taxlaw-2830	540	20	and	and	CCONJ
taxlaw-2830	540	21	transfers	transfer	NOUN
taxlaw-2830	540	22	of	of	ADP
taxlaw-2830	540	23	interests	interest	NOUN
taxlaw-2830	540	24	are	be	AUX
taxlaw-2830	540	25	easily	easily	ADV
taxlaw-2830	540	26	identifiable	identifiable	ADJ
taxlaw-2830	540	27	,	,	PUNCT
taxlaw-2830	540	28	and	and	CCONJ
taxlaw-2830	540	29	public	public	ADJ
taxlaw-2830	540	30	trading	trading	NOUN
taxlaw-2830	540	31	in	in	ADP
taxlaw-2830	540	32	partnership	partnership	NOUN
taxlaw-2830	540	33	interests	interest	NOUN
taxlaw-2830	540	34	does	do	AUX
taxlaw-2830	540	35	not	not	PART
taxlaw-2830	540	36	conform	conform	VERB
taxlaw-2830	540	37	to	to	ADP
taxlaw-2830	540	38	this	this	DET
taxlaw-2830	540	39	model.‖	model.‖	NOUN
taxlaw-2830	540	40	)	)	PUNCT
taxlaw-2830	540	41	.	.	PUNCT
taxlaw-2830	541	1	for	for	ADP
taxlaw-2830	541	2	further	further	ADJ
taxlaw-2830	541	3	discussion	discussion	NOUN
taxlaw-2830	541	4	of	of	ADP
taxlaw-2830	541	5	this	this	DET
taxlaw-2830	541	6	concern	concern	NOUN
taxlaw-2830	541	7	,	,	PUNCT
taxlaw-2830	541	8	see	see	VERB
taxlaw-2830	541	9	,	,	PUNCT
taxlaw-2830	541	10	e.g.	e.g.	ADV
taxlaw-2830	541	11	,	,	PUNCT
taxlaw-2830	541	12	karen	karen	PROPN
taxlaw-2830	541	13	c.	c.	PROPN
taxlaw-2830	541	14	burke	burke	PROPN
taxlaw-2830	541	15	,	,	PUNCT
taxlaw-2830	541	16	passthrough	passthrough	NOUN
taxlaw-2830	541	17	entities	entity	NOUN
taxlaw-2830	541	18	:	:	PUNCT
taxlaw-2830	541	19	the	the	DET
taxlaw-2830	541	20	missing	miss	VERB
taxlaw-2830	541	21	element	element	NOUN
taxlaw-2830	541	22	in	in	ADP
taxlaw-2830	541	23	business	business	NOUN
taxlaw-2830	541	24	tax	tax	NOUN
taxlaw-2830	541	25	reform	reform	NOUN
taxlaw-2830	541	26	,	,	PUNCT
taxlaw-2830	541	27	40	40	NUM
taxlaw-2830	541	28	pepp	pepp	PROPN
taxlaw-2830	541	29	.	.	PUNCT
taxlaw-2830	542	1	l.	l.	PROPN
taxlaw-2830	542	2	rev	rev	PROPN
taxlaw-2830	542	3	.	.	PROPN
taxlaw-2830	542	4	1329	1329	NUM
taxlaw-2830	542	5	,	,	PUNCT
taxlaw-2830	542	6	1342–43	1342–43	NUM
taxlaw-2830	542	7	(	(	PUNCT
taxlaw-2830	542	8	2013	2013	NUM
taxlaw-2830	542	9	)	)	PUNCT
taxlaw-2830	542	10	.	.	PUNCT
taxlaw-2830	543	1	98	98	NUM
taxlaw-2830	543	2	see	see	VERB
taxlaw-2830	543	3	supra	supra	PROPN
taxlaw-2830	543	4	parts	part	NOUN
taxlaw-2830	543	5	ii.a	ii.a	PROPN
taxlaw-2830	543	6	.	.	PUNCT
taxlaw-2830	543	7	and	and	CCONJ
taxlaw-2830	543	8	ii.b	ii.b	PROPN
taxlaw-2830	543	9	.	.	PUNCT
taxlaw-2830	544	1	99	99	NUM
taxlaw-2830	544	2	see	see	VERB
taxlaw-2830	544	3	supra	supra	PROPN
taxlaw-2830	544	4	parts	part	NOUN
taxlaw-2830	544	5	ii.a	ii.a	PROPN
taxlaw-2830	544	6	.	.	PUNCT
taxlaw-2830	544	7	and	and	CCONJ
taxlaw-2830	544	8	ii.b	ii.b	PROPN
taxlaw-2830	544	9	.	.	PROPN
taxlaw-2830	544	10	2015	2015	NUM
taxlaw-2830	544	11	]	]	PUNCT
taxlaw-2830	544	12	taxing	tax	VERB
taxlaw-2830	544	13	publicly	publicly	ADV
taxlaw-2830	544	14	traded	trade	VERB
taxlaw-2830	544	15	entities	entity	NOUN
taxlaw-2830	544	16	165	165	NUM
taxlaw-2830	544	17	justifying	justify	VERB
taxlaw-2830	544	18	the	the	DET
taxlaw-2830	544	19	special	special	ADJ
taxlaw-2830	544	20	treatment	treatment	NOUN
taxlaw-2830	544	21	afforded	afford	VERB
taxlaw-2830	544	22	to	to	ADP
taxlaw-2830	544	23	entities	entity	NOUN
taxlaw-2830	544	24	that	that	PRON
taxlaw-2830	544	25	predominately	predominately	ADV
taxlaw-2830	544	26	earn	earn	VERB
taxlaw-2830	544	27	qualifying	qualifying	NOUN
taxlaw-2830	544	28	income	income	NOUN
taxlaw-2830	544	29	is	be	AUX
taxlaw-2830	544	30	a	a	DET
taxlaw-2830	544	31	challenging	challenging	ADJ
taxlaw-2830	544	32	exercise	exercise	NOUN
taxlaw-2830	544	33	.	.	PUNCT
taxlaw-2830	545	1	as	as	SCONJ
taxlaw-2830	545	2	others	other	NOUN
taxlaw-2830	545	3	have	have	AUX
taxlaw-2830	545	4	observed	observe	VERB
taxlaw-2830	545	5	,	,	PUNCT
taxlaw-2830	545	6	given	give	VERB
taxlaw-2830	545	7	the	the	DET
taxlaw-2830	545	8	lack	lack	NOUN
taxlaw-2830	545	9	of	of	ADP
taxlaw-2830	545	10	a	a	DET
taxlaw-2830	545	11	convincing	convincing	ADJ
taxlaw-2830	545	12	justification	justification	NOUN
taxlaw-2830	545	13	for	for	ADP
taxlaw-2830	545	14	the	the	DET
taxlaw-2830	545	15	corporate	corporate	ADJ
taxlaw-2830	545	16	tax	tax	NOUN
taxlaw-2830	545	17	system	system	NOUN
taxlaw-2830	545	18	,	,	PUNCT
taxlaw-2830	545	19	we	we	PRON
taxlaw-2830	545	20	should	should	AUX
taxlaw-2830	545	21	not	not	PART
taxlaw-2830	545	22	be	be	AUX
taxlaw-2830	545	23	particularly	particularly	ADV
taxlaw-2830	545	24	surprised	surprise	VERB
taxlaw-2830	545	25	by	by	ADP
taxlaw-2830	545	26	the	the	DET
taxlaw-2830	545	27	lack	lack	NOUN
taxlaw-2830	545	28	of	of	ADP
taxlaw-2830	545	29	a	a	DET
taxlaw-2830	545	30	clear	clear	ADJ
taxlaw-2830	545	31	rationale	rationale	NOUN
taxlaw-2830	545	32	for	for	ADP
taxlaw-2830	545	33	the	the	DET
taxlaw-2830	545	34	rules	rule	NOUN
taxlaw-2830	545	35	governing	govern	VERB
taxlaw-2830	545	36	when	when	SCONJ
taxlaw-2830	545	37	it	it	PRON
taxlaw-2830	545	38	applies	apply	VERB
taxlaw-2830	545	39	.	.	PUNCT
taxlaw-2830	546	1	100	100	NUM
taxlaw-2830	546	2	the	the	DET
taxlaw-2830	546	3	difficulty	difficulty	NOUN
taxlaw-2830	546	4	of	of	ADP
taxlaw-2830	546	5	rationalizing	rationalize	VERB
taxlaw-2830	546	6	the	the	DET
taxlaw-2830	546	7	exceptions	exception	NOUN
taxlaw-2830	546	8	for	for	ADP
taxlaw-2830	546	9	entities	entity	NOUN
taxlaw-2830	546	10	that	that	PRON
taxlaw-2830	546	11	mainly	mainly	ADV
taxlaw-2830	546	12	earn	earn	VERB
taxlaw-2830	546	13	qualifying	qualify	VERB
taxlaw-2830	546	14	income	income	NOUN
taxlaw-2830	546	15	is	be	AUX
taxlaw-2830	546	16	further	far	ADV
taxlaw-2830	546	17	exacerbated	exacerbate	VERB
taxlaw-2830	546	18	by	by	ADP
taxlaw-2830	546	19	the	the	DET
taxlaw-2830	546	20	fact	fact	NOUN
taxlaw-2830	546	21	that	that	SCONJ
taxlaw-2830	546	22	there	there	PRON
taxlaw-2830	546	23	is	be	VERB
taxlaw-2830	546	24	no	no	DET
taxlaw-2830	546	25	consistent	consistent	ADJ
taxlaw-2830	546	26	definition	definition	NOUN
taxlaw-2830	546	27	of	of	ADP
taxlaw-2830	546	28	qualifying	qualify	VERB
taxlaw-2830	546	29	income	income	NOUN
taxlaw-2830	546	30	that	that	PRON
taxlaw-2830	546	31	applies	apply	VERB
taxlaw-2830	546	32	for	for	ADP
taxlaw-2830	546	33	all	all	DET
taxlaw-2830	546	34	purposes	purpose	NOUN
taxlaw-2830	546	35	--	--	PUNCT
taxlaw-2830	546	36	for	for	ADP
taxlaw-2830	546	37	instance	instance	NOUN
taxlaw-2830	546	38	,	,	PUNCT
taxlaw-2830	546	39	income	income	NOUN
taxlaw-2830	546	40	that	that	PRON
taxlaw-2830	546	41	is	be	AUX
taxlaw-2830	546	42	qualifying	qualify	VERB
taxlaw-2830	546	43	for	for	ADP
taxlaw-2830	546	44	purposes	purpose	NOUN
taxlaw-2830	546	45	of	of	ADP
taxlaw-2830	546	46	the	the	DET
taxlaw-2830	546	47	exempt	exempt	ADJ
taxlaw-2830	546	48	publicly	publicly	ADV
taxlaw-2830	546	49	traded	trade	VERB
taxlaw-2830	546	50	partnership	partnership	NOUN
taxlaw-2830	546	51	rules	rule	NOUN
taxlaw-2830	546	52	may	may	AUX
taxlaw-2830	546	53	not	not	PART
taxlaw-2830	546	54	be	be	AUX
taxlaw-2830	546	55	qualifying	qualify	VERB
taxlaw-2830	546	56	for	for	ADP
taxlaw-2830	546	57	purposes	purpose	NOUN
taxlaw-2830	546	58	of	of	ADP
taxlaw-2830	546	59	the	the	DET
taxlaw-2830	546	60	reit	reit	NOUN
taxlaw-2830	546	61	rules	rule	NOUN
taxlaw-2830	546	62	and	and	CCONJ
taxlaw-2830	546	63	vice	vice	ADV
taxlaw-2830	546	64	versa	versa	ADV
taxlaw-2830	546	65	.	.	PUNCT
taxlaw-2830	547	1	101	101	NUM
taxlaw-2830	547	2	furthermore	furthermore	ADV
taxlaw-2830	547	3	,	,	PUNCT
taxlaw-2830	547	4	in	in	ADP
taxlaw-2830	547	5	some	some	DET
taxlaw-2830	547	6	cases	case	NOUN
taxlaw-2830	547	7	,	,	PUNCT
taxlaw-2830	547	8	the	the	DET
taxlaw-2830	547	9	special	special	ADJ
taxlaw-2830	547	10	tax	tax	NOUN
taxlaw-2830	547	11	treatment	treatment	NOUN
taxlaw-2830	547	12	granted	grant	VERB
taxlaw-2830	547	13	to	to	ADP
taxlaw-2830	547	14	certain	certain	ADJ
taxlaw-2830	547	15	publicly	publicly	ADV
taxlaw-2830	547	16	traded	trade	VERB
taxlaw-2830	547	17	entities	entity	NOUN
taxlaw-2830	547	18	may	may	AUX
taxlaw-2830	547	19	merely	merely	ADV
taxlaw-2830	547	20	represent	represent	VERB
taxlaw-2830	547	21	unprincipled	unprincipled	ADJ
taxlaw-2830	547	22	giveaways	giveaway	NOUN
taxlaw-2830	547	23	to	to	ADP
taxlaw-2830	547	24	politically	politically	ADV
taxlaw-2830	547	25	powerful	powerful	ADJ
taxlaw-2830	547	26	interest	interest	NOUN
taxlaw-2830	547	27	groups	group	NOUN
taxlaw-2830	547	28	.	.	PUNCT
taxlaw-2830	548	1	for	for	ADP
taxlaw-2830	548	2	instance	instance	NOUN
taxlaw-2830	548	3	,	,	PUNCT
taxlaw-2830	548	4	recently	recently	ADV
taxlaw-2830	548	5	proposed	propose	VERB
taxlaw-2830	548	6	reforms	reform	NOUN
taxlaw-2830	548	7	that	that	PRON
taxlaw-2830	548	8	would	would	AUX
taxlaw-2830	548	9	have	have	AUX
taxlaw-2830	548	10	narrowed	narrow	VERB
taxlaw-2830	548	11	the	the	DET
taxlaw-2830	548	12	scope	scope	NOUN
taxlaw-2830	548	13	of	of	ADP
taxlaw-2830	548	14	the	the	DET
taxlaw-2830	548	15	exempt	exempt	ADJ
taxlaw-2830	548	16	publicly	publicly	ADV
taxlaw-2830	548	17	traded	trade	VERB
taxlaw-2830	548	18	partnership	partnership	NOUN
taxlaw-2830	548	19	rules	rule	NOUN
taxlaw-2830	548	20	nevertheless	nevertheless	ADV
taxlaw-2830	548	21	maintained	maintain	VERB
taxlaw-2830	548	22	an	an	DET
taxlaw-2830	548	23	exception	exception	NOUN
taxlaw-2830	548	24	for	for	ADP
taxlaw-2830	548	25	publicly	publicly	ADV
taxlaw-2830	548	26	traded	trade	VERB
taxlaw-2830	548	27	entities	entity	NOUN
taxlaw-2830	548	28	that	that	PRON
taxlaw-2830	548	29	predominately	predominately	ADV
taxlaw-2830	548	30	earned	earn	VERB
taxlaw-2830	548	31	income	income	NOUN
taxlaw-2830	548	32	related	relate	VERB
taxlaw-2830	548	33	to	to	ADP
taxlaw-2830	548	34	mining	mining	NOUN
taxlaw-2830	548	35	and	and	CCONJ
taxlaw-2830	548	36	natural	natural	ADJ
taxlaw-2830	548	37	resources	resource	NOUN
taxlaw-2830	548	38	.	.	PUNCT
taxlaw-2830	549	1	102	102	NUM
taxlaw-2830	549	2	along	along	ADP
taxlaw-2830	549	3	similar	similar	ADJ
taxlaw-2830	549	4	lines	line	NOUN
taxlaw-2830	549	5	,	,	PUNCT
taxlaw-2830	549	6	perhaps	perhaps	ADV
taxlaw-2830	549	7	reflective	reflective	ADJ
taxlaw-2830	549	8	of	of	ADP
taxlaw-2830	549	9	the	the	DET
taxlaw-2830	549	10	lack	lack	NOUN
taxlaw-2830	549	11	of	of	ADP
taxlaw-2830	549	12	a	a	DET
taxlaw-2830	549	13	principled	principled	ADJ
taxlaw-2830	549	14	policy	policy	NOUN
taxlaw-2830	549	15	justification	justification	NOUN
taxlaw-2830	549	16	,	,	PUNCT
taxlaw-2830	549	17	the	the	DET
taxlaw-2830	549	18	house	house	PROPN
taxlaw-2830	549	19	report	report	NOUN
taxlaw-2830	549	20	that	that	PRON
taxlaw-2830	549	21	accompanied	accompany	VERB
taxlaw-2830	549	22	the	the	DET
taxlaw-2830	549	23	adoption	adoption	NOUN
taxlaw-2830	549	24	of	of	ADP
taxlaw-2830	549	25	the	the	DET
taxlaw-2830	549	26	exempt	exempt	ADJ
taxlaw-2830	549	27	publicly	publicly	ADV
taxlaw-2830	549	28	traded	trade	VERB
taxlaw-2830	549	29	partnership	partnership	NOUN
taxlaw-2830	549	30	rules	rule	NOUN
taxlaw-2830	549	31	explained	explain	VERB
taxlaw-2830	549	32	exceptions	exception	NOUN
taxlaw-2830	549	33	for	for	ADP
taxlaw-2830	549	34	certain	certain	ADJ
taxlaw-2830	549	35	types	type	NOUN
taxlaw-2830	549	36	of	of	ADP
taxlaw-2830	549	37	income	income	NOUN
taxlaw-2830	549	38	as	as	SCONJ
taxlaw-2830	549	39	rooted	root	VERB
taxlaw-2830	549	40	merely	merely	ADV
taxlaw-2830	549	41	in	in	ADP
taxlaw-2830	549	42	tradition	tradition	NOUN
taxlaw-2830	549	43	.	.	PUNCT
taxlaw-2830	550	1	in	in	ADP
taxlaw-2830	550	2	particular	particular	ADJ
taxlaw-2830	550	3	,	,	PUNCT
taxlaw-2830	550	4	the	the	DET
taxlaw-2830	550	5	report	report	NOUN
taxlaw-2830	550	6	stated	state	VERB
taxlaw-2830	550	7	:	:	PUNCT
taxlaw-2830	550	8	[	[	X
taxlaw-2830	550	9	c]ertain	c]ertain	NOUN
taxlaw-2830	550	10	types	type	NOUN
taxlaw-2830	550	11	of	of	ADP
taxlaw-2830	550	12	natural	natural	ADJ
taxlaw-2830	550	13	resources	resource	NOUN
taxlaw-2830	550	14	and	and	CCONJ
taxlaw-2830	550	15	rental	rental	ADJ
taxlaw-2830	550	16	real	real	ADJ
taxlaw-2830	550	17	estate	estate	NOUN
taxlaw-2830	550	18	activities	activity	NOUN
taxlaw-2830	550	19	have	have	AUX
taxlaw-2830	550	20	commonly	commonly	ADV
taxlaw-2830	550	21	or	or	CCONJ
taxlaw-2830	550	22	typically	typically	ADV
taxlaw-2830	550	23	been	be	AUX
taxlaw-2830	550	24	conducted	conduct	VERB
taxlaw-2830	550	25	in	in	ADP
taxlaw-2830	550	26	partnership	partnership	NOUN
taxlaw-2830	550	27	form	form	NOUN
taxlaw-2830	550	28	,	,	PUNCT
taxlaw-2830	550	29	and	and	CCONJ
taxlaw-2830	550	30	the	the	DET
taxlaw-2830	550	31	committee	committee	NOUN
taxlaw-2830	550	32	considers	consider	VERB
taxlaw-2830	550	33	that	that	SCONJ
taxlaw-2830	550	34	disruption	disruption	NOUN
taxlaw-2830	550	35	of	of	ADP
taxlaw-2830	550	36	present	present	ADJ
taxlaw-2830	550	37	practices	practice	NOUN
taxlaw-2830	550	38	in	in	ADP
taxlaw-2830	550	39	such	such	ADJ
taxlaw-2830	550	40	activities	activity	NOUN
taxlaw-2830	550	41	is	be	AUX
taxlaw-2830	550	42	currently	currently	ADV
taxlaw-2830	550	43	inadvisable	inadvisable	ADJ
taxlaw-2830	550	44	due	due	ADJ
taxlaw-2830	550	45	to	to	ADP
taxlaw-2830	550	46	general	general	ADJ
taxlaw-2830	550	47	economic	economic	ADJ
taxlaw-2830	550	48	conditions	condition	NOUN
taxlaw-2830	550	49	in	in	ADP
taxlaw-2830	550	50	these	these	DET
taxlaw-2830	550	51	industries	industry	NOUN
taxlaw-2830	550	52	.	.	PUNCT
taxlaw-2830	551	1	the	the	DET
taxlaw-2830	551	2	committee	committee	NOUN
taxlaw-2830	551	3	does	do	AUX
taxlaw-2830	551	4	not	not	PART
taxlaw-2830	551	5	intend	intend	VERB
taxlaw-2830	551	6	to	to	PART
taxlaw-2830	551	7	treat	treat	VERB
taxlaw-2830	551	8	tax	tax	NOUN
taxlaw-2830	551	9	benefits	benefit	NOUN
taxlaw-2830	551	10	from	from	ADP
taxlaw-2830	551	11	such	such	ADJ
taxlaw-2830	551	12	activities	activity	NOUN
taxlaw-2830	551	13	more	more	ADV
taxlaw-2830	551	14	favorably	favorably	ADV
taxlaw-2830	551	15	than	than	ADP
taxlaw-2830	551	16	under	under	ADP
taxlaw-2830	551	17	present	present	ADJ
taxlaw-2830	551	18	law	law	NOUN
taxlaw-2830	551	19	,	,	PUNCT
taxlaw-2830	551	20	but	but	CCONJ
taxlaw-2830	551	21	at	at	ADP
taxlaw-2830	551	22	the	the	DET
taxlaw-2830	551	23	same	same	ADJ
taxlaw-2830	551	24	time	time	NOUN
taxlaw-2830	551	25	considers	consider	VERB
taxlaw-2830	551	26	it	it	PRON
taxlaw-2830	551	27	inappropriate	inappropriate	ADJ
taxlaw-2830	551	28	to	to	PART
taxlaw-2830	551	29	subject	subject	VERB
taxlaw-2830	551	30	net	net	ADJ
taxlaw-2830	551	31	income	income	NOUN
taxlaw-2830	551	32	from	from	ADP
taxlaw-2830	551	33	such	such	ADJ
taxlaw-2830	551	34	activities	activity	NOUN
taxlaw-2830	551	35	to	to	ADP
taxlaw-2830	551	36	the	the	DET
taxlaw-2830	551	37	two	two	NUM
taxlaw-2830	551	38	-	-	PUNCT
taxlaw-2830	551	39	level	level	NOUN
taxlaw-2830	551	40	corporate	corporate	ADJ
taxlaw-2830	551	41	tax	tax	NOUN
taxlaw-2830	551	42	regime	regime	NOUN
taxlaw-2830	551	43	to	to	ADP
taxlaw-2830	551	44	the	the	DET
taxlaw-2830	551	45	extent	extent	NOUN
taxlaw-2830	551	46	the	the	DET
taxlaw-2830	551	47	activities	activity	NOUN
taxlaw-2830	551	48	are	be	AUX
taxlaw-2830	551	49	conducted	conduct	VERB
taxlaw-2830	551	50	in	in	ADP
taxlaw-2830	551	51	forms	form	NOUN
taxlaw-2830	551	52	that	that	PRON
taxlaw-2830	551	53	permit	permit	VERB
taxlaw-2830	551	54	a	a	DET
taxlaw-2830	551	55	single	single	ADJ
taxlaw-2830	551	56	level	level	NOUN
taxlaw-2830	551	57	of	of	ADP
taxlaw-2830	551	58	tax	tax	NOUN
taxlaw-2830	551	59	under	under	ADP
taxlaw-2830	551	60	present	present	ADJ
taxlaw-2830	551	61	law	law	NOUN
taxlaw-2830	551	62	.	.	PUNCT
taxlaw-2830	552	1	103	103	NUM
taxlaw-2830	552	2	100	100	NUM
taxlaw-2830	552	3	see	see	NOUN
taxlaw-2830	552	4	,	,	PUNCT
taxlaw-2830	552	5	e.g.	e.g.	ADV
taxlaw-2830	552	6	,	,	PUNCT
taxlaw-2830	552	7	fleischer	fleischer	PROPN
taxlaw-2830	552	8	,	,	PUNCT
taxlaw-2830	552	9	supra	supra	PROPN
taxlaw-2830	552	10	note	note	NOUN
taxlaw-2830	552	11	12	12	NUM
taxlaw-2830	552	12	,	,	PUNCT
taxlaw-2830	552	13	at	at	ADP
taxlaw-2830	552	14	111	111	NUM
taxlaw-2830	552	15	(	(	PUNCT
taxlaw-2830	552	16	―blackstone	―blackstone	NOUN
taxlaw-2830	552	17	's	's	PART
taxlaw-2830	552	18	strongest	strong	ADJ
taxlaw-2830	552	19	argument	argument	NOUN
taxlaw-2830	552	20	is	be	AUX
taxlaw-2830	552	21	to	to	PART
taxlaw-2830	552	22	push	push	VERB
taxlaw-2830	552	23	for	for	ADP
taxlaw-2830	552	24	a	a	DET
taxlaw-2830	552	25	principled	principled	ADJ
taxlaw-2830	552	26	distinction	distinction	NOUN
taxlaw-2830	552	27	between	between	ADP
taxlaw-2830	552	28	firms	firm	NOUN
taxlaw-2830	552	29	that	that	PRON
taxlaw-2830	552	30	are	be	AUX
taxlaw-2830	552	31	subject	subject	ADJ
taxlaw-2830	552	32	to	to	ADP
taxlaw-2830	552	33	the	the	DET
taxlaw-2830	552	34	corporate	corporate	ADJ
taxlaw-2830	552	35	tax	tax	NOUN
taxlaw-2830	552	36	and	and	CCONJ
taxlaw-2830	552	37	firms	firm	NOUN
taxlaw-2830	552	38	that	that	PRON
taxlaw-2830	552	39	are	be	AUX
taxlaw-2830	552	40	not	not	PART
taxlaw-2830	552	41	.	.	PUNCT
taxlaw-2830	553	1	it	it	PRON
taxlaw-2830	553	2	can	can	AUX
taxlaw-2830	553	3	argue	argue	VERB
taxlaw-2830	553	4	that	that	SCONJ
taxlaw-2830	553	5	the	the	DET
taxlaw-2830	553	6	exceptions	exception	NOUN
taxlaw-2830	553	7	swallow	swallow	VERB
taxlaw-2830	553	8	the	the	DET
taxlaw-2830	553	9	rule	rule	NOUN
taxlaw-2830	553	10	.	.	PUNCT
taxlaw-2830	554	1	oil	oil	NOUN
taxlaw-2830	554	2	and	and	CCONJ
taxlaw-2830	554	3	gas	gas	NOUN
taxlaw-2830	554	4	and	and	CCONJ
taxlaw-2830	554	5	other	other	ADJ
taxlaw-2830	554	6	natural	natural	ADJ
taxlaw-2830	554	7	resources	resource	NOUN
taxlaw-2830	554	8	firms	firm	NOUN
taxlaw-2830	554	9	often	often	ADV
taxlaw-2830	554	10	qualify	qualify	VERB
taxlaw-2830	554	11	as	as	ADP
taxlaw-2830	554	12	ptps	ptps	ADJ
taxlaw-2830	554	13	despite	despite	SCONJ
taxlaw-2830	554	14	conducting	conduct	VERB
taxlaw-2830	554	15	some	some	DET
taxlaw-2830	554	16	active	active	ADJ
taxlaw-2830	554	17	business	business	NOUN
taxlaw-2830	554	18	activities	activity	NOUN
taxlaw-2830	554	19	.	.	PUNCT
taxlaw-2830	555	1	the	the	DET
taxlaw-2830	555	2	policy	policy	NOUN
taxlaw-2830	555	3	rationale	rationale	NOUN
taxlaw-2830	555	4	is	be	AUX
taxlaw-2830	555	5	unclear	unclear	ADJ
taxlaw-2830	555	6	.	.	PUNCT
taxlaw-2830	555	7	.	.	PUNCT
taxlaw-2830	556	1	.	.	PUNCT
taxlaw-2830	556	2	.	.	PUNCT
taxlaw-2830	557	1	similarly	similarly	ADV
taxlaw-2830	557	2	,	,	PUNCT
taxlaw-2830	557	3	many	many	ADJ
taxlaw-2830	557	4	real	real	ADJ
taxlaw-2830	557	5	estate	estate	NOUN
taxlaw-2830	557	6	firms	firm	NOUN
taxlaw-2830	557	7	operate	operate	VERB
taxlaw-2830	557	8	without	without	ADP
taxlaw-2830	557	9	paying	pay	VERB
taxlaw-2830	557	10	a	a	DET
taxlaw-2830	557	11	corporate	corporate	ADJ
taxlaw-2830	557	12	-	-	PUNCT
taxlaw-2830	557	13	level	level	NOUN
taxlaw-2830	557	14	tax	tax	NOUN
taxlaw-2830	557	15	,	,	PUNCT
taxlaw-2830	557	16	either	either	CCONJ
taxlaw-2830	557	17	through	through	ADP
taxlaw-2830	557	18	the	the	DET
taxlaw-2830	557	19	ptp	ptp	PROPN
taxlaw-2830	557	20	rules	rule	NOUN
taxlaw-2830	557	21	(	(	PUNCT
taxlaw-2830	557	22	which	which	PRON
taxlaw-2830	557	23	allow	allow	VERB
taxlaw-2830	557	24	certain	certain	ADJ
taxlaw-2830	557	25	rental	rental	ADJ
taxlaw-2830	557	26	activities	activity	NOUN
taxlaw-2830	557	27	to	to	PART
taxlaw-2830	557	28	qualify	qualify	VERB
taxlaw-2830	557	29	as	as	ADP
taxlaw-2830	557	30	passive	passive	ADJ
taxlaw-2830	557	31	income	income	NOUN
taxlaw-2830	557	32	)	)	PUNCT
taxlaw-2830	557	33	or	or	CCONJ
taxlaw-2830	557	34	the	the	DET
taxlaw-2830	557	35	reit	reit	NOUN
taxlaw-2830	557	36	rules	rule	NOUN
taxlaw-2830	557	37	.	.	PUNCT
taxlaw-2830	558	1	congress	congress	PROPN
taxlaw-2830	558	2	created	create	VERB
taxlaw-2830	558	3	a	a	DET
taxlaw-2830	558	4	special	special	ADJ
taxlaw-2830	558	5	rule	rule	NOUN
taxlaw-2830	558	6	for	for	ADP
taxlaw-2830	558	7	reits	reit	NOUN
taxlaw-2830	558	8	,	,	PUNCT
taxlaw-2830	558	9	§	§	PROPN
taxlaw-2830	558	10	856(i)(1	856(i)(1	NOUN
taxlaw-2830	558	11	)	)	PUNCT
taxlaw-2830	558	12	,	,	PUNCT
taxlaw-2830	558	13	which	which	PRON
taxlaw-2830	558	14	allows	allow	VERB
taxlaw-2830	558	15	them	they	PRON
taxlaw-2830	558	16	to	to	PART
taxlaw-2830	558	17	‗cleanse	‗cleanse	NOUN
taxlaw-2830	558	18	‘	'	PUNCT
taxlaw-2830	558	19	small	small	ADJ
taxlaw-2830	558	20	amounts	amount	NOUN
taxlaw-2830	558	21	of	of	ADP
taxlaw-2830	558	22	‗bad	‗bad	NOUN
taxlaw-2830	558	23	‘	'	PUNCT
taxlaw-2830	558	24	income	income	NOUN
taxlaw-2830	558	25	through	through	ADP
taxlaw-2830	558	26	a	a	DET
taxlaw-2830	558	27	taxable	taxable	ADJ
taxlaw-2830	558	28	reit	reit	NOUN
taxlaw-2830	558	29	subsidiary	subsidiary	NOUN
taxlaw-2830	558	30	,	,	PUNCT
taxlaw-2830	558	31	much	much	ADV
taxlaw-2830	558	32	like	like	ADP
taxlaw-2830	558	33	the	the	DET
taxlaw-2830	558	34	blocker	blocker	NOUN
taxlaw-2830	558	35	entity	entity	NOUN
taxlaw-2830	558	36	in	in	ADP
taxlaw-2830	558	37	the	the	DET
taxlaw-2830	558	38	flow	flow	NOUN
taxlaw-2830	558	39	-	-	PUNCT
taxlaw-2830	558	40	through	through	ADP
taxlaw-2830	558	41	structure	structure	NOUN
taxlaw-2830	558	42	.	.	PUNCT
taxlaw-2830	559	1	insurance	insurance	NOUN
taxlaw-2830	559	2	companies	company	NOUN
taxlaw-2830	559	3	,	,	PUNCT
taxlaw-2830	559	4	cooperatives	cooperative	NOUN
taxlaw-2830	559	5	,	,	PUNCT
taxlaw-2830	559	6	and	and	CCONJ
taxlaw-2830	559	7	other	other	ADJ
taxlaw-2830	559	8	industry	industry	NOUN
taxlaw-2830	559	9	groups	group	NOUN
taxlaw-2830	559	10	have	have	VERB
taxlaw-2830	559	11	their	their	PRON
taxlaw-2830	559	12	own	own	ADJ
taxlaw-2830	559	13	methods	method	NOUN
taxlaw-2830	559	14	of	of	ADP
taxlaw-2830	559	15	managing	manage	VERB
taxlaw-2830	559	16	corporate	corporate	ADJ
taxlaw-2830	559	17	tax	tax	NOUN
taxlaw-2830	559	18	liability	liability	NOUN
taxlaw-2830	559	19	.	.	PUNCT
taxlaw-2830	560	1	why	why	SCONJ
taxlaw-2830	560	2	not	not	PART
taxlaw-2830	560	3	blackstone	blackstone	NOUN
taxlaw-2830	560	4	?	?	PUNCT
taxlaw-2830	561	1	there	there	PRON
taxlaw-2830	561	2	is	be	VERB
taxlaw-2830	561	3	no	no	DET
taxlaw-2830	561	4	normatively	normatively	ADV
taxlaw-2830	561	5	satisfying	satisfying	ADJ
taxlaw-2830	561	6	answer	answer	NOUN
taxlaw-2830	561	7	to	to	ADP
taxlaw-2830	561	8	this	this	DET
taxlaw-2830	561	9	question.‖	question.‖	NOUN
taxlaw-2830	561	10	)	)	PUNCT
taxlaw-2830	561	11	;	;	PUNCT
taxlaw-2830	561	12	george	george	PROPN
taxlaw-2830	561	13	k.	k.	PROPN
taxlaw-2830	561	14	yin	yin	PROPN
taxlaw-2830	561	15	,	,	PUNCT
taxlaw-2830	561	16	the	the	DET
taxlaw-2830	561	17	future	future	ADJ
taxlaw-2830	561	18	taxation	taxation	NOUN
taxlaw-2830	561	19	of	of	ADP
taxlaw-2830	561	20	private	private	ADJ
taxlaw-2830	561	21	business	business	NOUN
taxlaw-2830	561	22	firms	firm	NOUN
taxlaw-2830	561	23	,	,	PUNCT
taxlaw-2830	561	24	4	4	NUM
taxlaw-2830	561	25	fla	fla	NOUN
taxlaw-2830	561	26	.	.	PUNCT
taxlaw-2830	562	1	tax	tax	PROPN
taxlaw-2830	562	2	rev	rev	PROPN
taxlaw-2830	562	3	.	.	PROPN
taxlaw-2830	562	4	141	141	NUM
taxlaw-2830	562	5	(	(	PUNCT
taxlaw-2830	562	6	1999	1999	NUM
taxlaw-2830	562	7	)	)	PUNCT
taxlaw-2830	562	8	(	(	PUNCT
taxlaw-2830	562	9	―the	―the	DET
taxlaw-2830	562	10	nature	nature	NOUN
taxlaw-2830	562	11	-	-	PUNCT
taxlaw-2830	562	12	of	of	ADP
taxlaw-2830	562	13	-	-	PUNCT
taxlaw-2830	562	14	income	income	NOUN
taxlaw-2830	562	15	limitations	limitation	NOUN
taxlaw-2830	562	16	for	for	ADP
taxlaw-2830	562	17	rics	ric	NOUN
taxlaw-2830	562	18	,	,	PUNCT
taxlaw-2830	562	19	reits	reit	NOUN
taxlaw-2830	562	20	,	,	PUNCT
taxlaw-2830	562	21	remics	remic	NOUN
taxlaw-2830	562	22	,	,	PUNCT
taxlaw-2830	562	23	fasits	fasit	NOUN
taxlaw-2830	562	24	,	,	PUNCT
taxlaw-2830	562	25	and	and	CCONJ
taxlaw-2830	562	26	publicly	publicly	ADV
taxlaw-2830	562	27	traded	trade	VERB
taxlaw-2830	562	28	partnerships	partnership	NOUN
taxlaw-2830	562	29	may	may	AUX
taxlaw-2830	562	30	simply	simply	ADV
taxlaw-2830	562	31	be	be	AUX
taxlaw-2830	562	32	part	part	NOUN
taxlaw-2830	562	33	of	of	ADP
taxlaw-2830	562	34	the	the	DET
taxlaw-2830	562	35	tax	tax	NOUN
taxlaw-2830	562	36	law	law	NOUN
taxlaw-2830	562	37	's	's	PART
taxlaw-2830	562	38	condition	condition	NOUN
taxlaw-2830	562	39	for	for	ADP
taxlaw-2830	562	40	permitting	permit	VERB
taxlaw-2830	562	41	such	such	ADJ
taxlaw-2830	562	42	publicly	publicly	ADV
taxlaw-2830	562	43	traded	trade	VERB
taxlaw-2830	562	44	entities	entity	NOUN
taxlaw-2830	562	45	to	to	PART
taxlaw-2830	562	46	obtain	obtain	VERB
taxlaw-2830	562	47	pass	pass	VERB
taxlaw-2830	562	48	-	-	PUNCT
taxlaw-2830	562	49	through	through	ADP
taxlaw-2830	562	50	treatment	treatment	NOUN
taxlaw-2830	562	51	.	.	PUNCT
taxlaw-2830	562	52	.	.	PUNCT
taxlaw-2830	562	53	.	.	PUNCT
taxlaw-2830	562	54	.	.	PUNCT
taxlaw-2830	563	1	because	because	SCONJ
taxlaw-2830	563	2	there	there	PRON
taxlaw-2830	563	3	is	be	VERB
taxlaw-2830	563	4	no	no	DET
taxlaw-2830	563	5	consensus	consensus	NOUN
taxlaw-2830	563	6	regarding	regard	VERB
taxlaw-2830	563	7	why	why	SCONJ
taxlaw-2830	563	8	the	the	DET
taxlaw-2830	563	9	income	income	NOUN
taxlaw-2830	563	10	of	of	ADP
taxlaw-2830	563	11	public	public	ADJ
taxlaw-2830	563	12	firms	firm	NOUN
taxlaw-2830	563	13	should	should	AUX
taxlaw-2830	563	14	be	be	AUX
taxlaw-2830	563	15	taxed	tax	VERB
taxlaw-2830	563	16	twice	twice	ADV
taxlaw-2830	563	17	,	,	PUNCT
taxlaw-2830	563	18	it	it	PRON
taxlaw-2830	563	19	is	be	AUX
taxlaw-2830	563	20	not	not	PART
taxlaw-2830	563	21	surprising	surprising	ADJ
taxlaw-2830	563	22	that	that	SCONJ
taxlaw-2830	563	23	the	the	DET
taxlaw-2830	563	24	exact	exact	ADJ
taxlaw-2830	563	25	nature	nature	NOUN
taxlaw-2830	563	26	of	of	ADP
taxlaw-2830	563	27	these	these	DET
taxlaw-2830	563	28	restrictions	restriction	NOUN
taxlaw-2830	563	29	can	can	AUX
taxlaw-2830	563	30	not	not	PART
taxlaw-2830	563	31	be	be	AUX
taxlaw-2830	563	32	explained	explain	VERB
taxlaw-2830	563	33	from	from	ADP
taxlaw-2830	563	34	first	first	ADJ
taxlaw-2830	563	35	principles	principle	NOUN
taxlaw-2830	563	36	.	.	PUNCT
taxlaw-2830	564	1	instead	instead	ADV
taxlaw-2830	564	2	,	,	PUNCT
taxlaw-2830	564	3	one	one	PRON
taxlaw-2830	564	4	might	might	AUX
taxlaw-2830	564	5	simply	simply	ADV
taxlaw-2830	564	6	conclude	conclude	VERB
taxlaw-2830	564	7	that	that	SCONJ
taxlaw-2830	564	8	a	a	DET
taxlaw-2830	564	9	limitation	limitation	NOUN
taxlaw-2830	564	10	may	may	AUX
taxlaw-2830	564	11	be	be	AUX
taxlaw-2830	564	12	needed	need	VERB
taxlaw-2830	564	13	in	in	ADP
taxlaw-2830	564	14	order	order	NOUN
taxlaw-2830	564	15	to	to	PART
taxlaw-2830	564	16	maintain	maintain	VERB
taxlaw-2830	564	17	the	the	DET
taxlaw-2830	564	18	integrity	integrity	NOUN
taxlaw-2830	564	19	of	of	ADP
taxlaw-2830	564	20	the	the	DET
taxlaw-2830	564	21	double	double	ADJ
taxlaw-2830	564	22	tax	tax	NOUN
taxlaw-2830	564	23	system	system	NOUN
taxlaw-2830	564	24	as	as	SCONJ
taxlaw-2830	564	25	applied	apply	VERB
taxlaw-2830	564	26	to	to	ADP
taxlaw-2830	564	27	public	public	ADJ
taxlaw-2830	564	28	firms	firm	NOUN
taxlaw-2830	564	29	,	,	PUNCT
taxlaw-2830	564	30	whether	whether	SCONJ
taxlaw-2830	564	31	such	such	DET
taxlaw-2830	564	32	a	a	DET
taxlaw-2830	564	33	system	system	NOUN
taxlaw-2830	564	34	can	can	AUX
taxlaw-2830	564	35	be	be	AUX
taxlaw-2830	564	36	justified	justify	VERB
taxlaw-2830	564	37	or	or	CCONJ
taxlaw-2830	564	38	not.‖	not.‖	NOUN
taxlaw-2830	564	39	)	)	PUNCT
taxlaw-2830	564	40	.	.	PUNCT
taxlaw-2830	565	1	101	101	NUM
taxlaw-2830	565	2	willard	willard	PROPN
taxlaw-2830	565	3	b.	b.	PROPN
taxlaw-2830	565	4	taylor	taylor	PROPN
taxlaw-2830	565	5	,	,	PUNCT
taxlaw-2830	565	6	“	"	PUNCT
taxlaw-2830	565	7	blockers	blocker	NOUN
taxlaw-2830	565	8	,	,	PUNCT
taxlaw-2830	565	9	”	"	PUNCT
taxlaw-2830	565	10	“	"	PUNCT
taxlaw-2830	565	11	stoppers	stopper	NOUN
taxlaw-2830	565	12	,	,	PUNCT
taxlaw-2830	565	13	”	"	PUNCT
taxlaw-2830	565	14	and	and	CCONJ
taxlaw-2830	565	15	the	the	DET
taxlaw-2830	565	16	entity	entity	NOUN
taxlaw-2830	565	17	classifications	classification	NOUN
taxlaw-2830	565	18	rules	rule	NOUN
taxlaw-2830	565	19	,	,	PUNCT
taxlaw-2830	565	20	64	64	NUM
taxlaw-2830	565	21	tax	tax	NOUN
taxlaw-2830	565	22	law	law	NOUN
taxlaw-2830	565	23	.	.	PUNCT
taxlaw-2830	566	1	1	1	NUM
taxlaw-2830	566	2	(	(	PUNCT
taxlaw-2830	566	3	2010	2010	NUM
taxlaw-2830	566	4	)	)	PUNCT
taxlaw-2830	566	5	(	(	PUNCT
taxlaw-2830	566	6	suggesting	suggest	VERB
taxlaw-2830	566	7	the	the	DET
taxlaw-2830	566	8	development	development	NOUN
taxlaw-2830	566	9	of	of	ADP
taxlaw-2830	566	10	a	a	DET
taxlaw-2830	566	11	single	single	ADJ
taxlaw-2830	566	12	definition	definition	NOUN
taxlaw-2830	566	13	of	of	ADP
taxlaw-2830	566	14	qualifying	qualify	VERB
taxlaw-2830	566	15	income	income	NOUN
taxlaw-2830	566	16	for	for	ADP
taxlaw-2830	566	17	reits	reit	NOUN
taxlaw-2830	566	18	,	,	PUNCT
taxlaw-2830	566	19	ptps	ptps	ADJ
taxlaw-2830	566	20	and	and	CCONJ
taxlaw-2830	566	21	other	other	ADJ
taxlaw-2830	566	22	purposes	purpose	NOUN
taxlaw-2830	566	23	)	)	PUNCT
taxlaw-2830	566	24	;	;	PUNCT
taxlaw-2830	566	25	willard	willard	PROPN
taxlaw-2830	566	26	b.	b.	PROPN
taxlaw-2830	566	27	taylor	taylor	PROPN
taxlaw-2830	566	28	&	&	CCONJ
taxlaw-2830	566	29	diana	diana	PROPN
taxlaw-2830	566	30	l.	l.	PROPN
taxlaw-2830	566	31	wollman	wollman	PROPN
taxlaw-2830	566	32	,	,	PUNCT
taxlaw-2830	566	33	why	why	SCONJ
taxlaw-2830	566	34	ca	can	AUX
taxlaw-2830	566	35	n’t	n’t	VERB
taxlaw-2830	566	36	we	we	PRON
taxlaw-2830	566	37	all	all	PRON
taxlaw-2830	566	38	just	just	ADV
taxlaw-2830	566	39	get	get	VERB
taxlaw-2830	566	40	along	along	ADP
taxlaw-2830	566	41	:	:	PUNCT
taxlaw-2830	566	42	finding	find	VERB
taxlaw-2830	566	43	consistent	consistent	ADJ
taxlaw-2830	566	44	solutions	solution	NOUN
taxlaw-2830	566	45	to	to	ADP
taxlaw-2830	566	46	the	the	DET
taxlaw-2830	566	47	treatment	treatment	NOUN
taxlaw-2830	566	48	of	of	ADP
taxlaw-2830	566	49	derivatives	derivative	NOUN
taxlaw-2830	566	50	and	and	CCONJ
taxlaw-2830	566	51	other	other	ADJ
taxlaw-2830	566	52	problems	problem	NOUN
taxlaw-2830	566	53	,	,	PUNCT
taxlaw-2830	566	54	53	53	NUM
taxlaw-2830	566	55	tax	tax	NOUN
taxlaw-2830	566	56	law	law	NOUN
taxlaw-2830	566	57	.	.	PUNCT
taxlaw-2830	567	1	95	95	NUM
taxlaw-2830	567	2	(	(	PUNCT
taxlaw-2830	567	3	1999	1999	NUM
taxlaw-2830	567	4	)	)	PUNCT
taxlaw-2830	567	5	(	(	PUNCT
taxlaw-2830	567	6	containing	contain	VERB
taxlaw-2830	567	7	further	further	ADJ
taxlaw-2830	567	8	discussion	discussion	NOUN
taxlaw-2830	567	9	regarding	regard	VERB
taxlaw-2830	567	10	the	the	DET
taxlaw-2830	567	11	idea	idea	NOUN
taxlaw-2830	567	12	of	of	ADP
taxlaw-2830	567	13	a	a	DET
taxlaw-2830	567	14	unified	unified	ADJ
taxlaw-2830	567	15	definition	definition	NOUN
taxlaw-2830	567	16	of	of	ADP
taxlaw-2830	567	17	qualifying	qualify	VERB
taxlaw-2830	567	18	income	income	NOUN
taxlaw-2830	567	19	)	)	PUNCT
taxlaw-2830	567	20	.	.	PUNCT
taxlaw-2830	568	1	102	102	NUM
taxlaw-2830	568	2	see	see	VERB
taxlaw-2830	568	3	supra	supra	PROPN
taxlaw-2830	568	4	note	note	PROPN
taxlaw-2830	568	5	11	11	NUM
taxlaw-2830	568	6	and	and	CCONJ
taxlaw-2830	568	7	accompanying	accompany	VERB
taxlaw-2830	568	8	text	text	NOUN
taxlaw-2830	568	9	.	.	PUNCT
taxlaw-2830	569	1	103	103	NUM
taxlaw-2830	569	2	h.r	h.r	PROPN
taxlaw-2830	569	3	.	.	PROPN
taxlaw-2830	569	4	rep	rep	PROPN
taxlaw-2830	569	5	.	.	PUNCT
taxlaw-2830	570	1	no	no	INTJ
taxlaw-2830	570	2	.	.	NOUN
taxlaw-2830	571	1	100	100	NUM
taxlaw-2830	571	2	-	-	SYM
taxlaw-2830	571	3	391	391	NUM
taxlaw-2830	571	4	,	,	PUNCT
taxlaw-2830	571	5	pt	pt	NOUN
taxlaw-2830	571	6	.	.	PROPN
taxlaw-2830	571	7	2	2	NUM
taxlaw-2830	571	8	,	,	PUNCT
taxlaw-2830	571	9	at	at	ADP
taxlaw-2830	571	10	1066	1066	NUM
taxlaw-2830	571	11	(	(	PUNCT
taxlaw-2830	571	12	1987	1987	NUM
taxlaw-2830	571	13	)	)	PUNCT
taxlaw-2830	571	14	.	.	PUNCT
taxlaw-2830	572	1	the	the	DET
taxlaw-2830	572	2	report	report	NOUN
taxlaw-2830	572	3	does	do	AUX
taxlaw-2830	572	4	not	not	PART
taxlaw-2830	572	5	articulate	articulate	VERB
taxlaw-2830	572	6	this	this	DET
taxlaw-2830	572	7	concern	concern	NOUN
taxlaw-2830	572	8	in	in	ADP
taxlaw-2830	572	9	terms	term	NOUN
taxlaw-2830	572	10	of	of	ADP
taxlaw-2830	572	11	mere	mere	ADJ
taxlaw-2830	572	12	tradition	tradition	NOUN
taxlaw-2830	572	13	but	but	CCONJ
taxlaw-2830	572	14	instead	instead	ADV
taxlaw-2830	572	15	describes	describe	VERB
taxlaw-2830	572	16	continued	continue	VERB
taxlaw-2830	572	17	favorable	favorable	ADJ
taxlaw-2830	572	18	treatment	treatment	NOUN
taxlaw-2830	572	19	of	of	ADP
taxlaw-2830	572	20	publicly	publicly	ADV
taxlaw-2830	572	21	traded	trade	VERB
taxlaw-2830	572	22	entities	entity	NOUN
taxlaw-2830	572	23	in	in	ADP
taxlaw-2830	572	24	columbia	columbia	PROPN
taxlaw-2830	572	25	journal	journal	PROPN
taxlaw-2830	572	26	of	of	ADP
taxlaw-2830	572	27	tax	tax	NOUN
taxlaw-2830	572	28	law	law	NOUN
taxlaw-2830	573	1	[	[	X
taxlaw-2830	573	2	vol.6:147	vol.6:147	NOUN
taxlaw-2830	573	3	166	166	NUM
taxlaw-2830	573	4	although	although	SCONJ
taxlaw-2830	573	5	many	many	ADJ
taxlaw-2830	573	6	of	of	ADP
taxlaw-2830	573	7	the	the	DET
taxlaw-2830	573	8	exceptionally	exceptionally	ADV
taxlaw-2830	573	9	beneficial	beneficial	ADJ
taxlaw-2830	573	10	tax	tax	NOUN
taxlaw-2830	573	11	rules	rule	NOUN
taxlaw-2830	573	12	governing	govern	VERB
taxlaw-2830	573	13	particular	particular	ADJ
taxlaw-2830	573	14	publicly	publicly	ADV
taxlaw-2830	573	15	traded	trade	VERB
taxlaw-2830	573	16	entities	entity	NOUN
taxlaw-2830	573	17	may	may	AUX
taxlaw-2830	573	18	be	be	AUX
taxlaw-2830	573	19	based	base	VERB
taxlaw-2830	573	20	merely	merely	ADV
taxlaw-2830	573	21	on	on	ADP
taxlaw-2830	573	22	political	political	ADJ
taxlaw-2830	573	23	considerations	consideration	NOUN
taxlaw-2830	573	24	,	,	PUNCT
taxlaw-2830	573	25	legislative	legislative	ADJ
taxlaw-2830	573	26	history	history	NOUN
taxlaw-2830	573	27	also	also	ADV
taxlaw-2830	573	28	suggests	suggest	VERB
taxlaw-2830	573	29	three	three	NUM
taxlaw-2830	573	30	potential	potential	ADJ
taxlaw-2830	573	31	policy	policy	NOUN
taxlaw-2830	573	32	justifications	justification	NOUN
taxlaw-2830	573	33	for	for	ADP
taxlaw-2830	573	34	granting	grant	VERB
taxlaw-2830	573	35	special	special	ADJ
taxlaw-2830	573	36	tax	tax	NOUN
taxlaw-2830	573	37	treatment	treatment	NOUN
taxlaw-2830	573	38	to	to	ADP
taxlaw-2830	573	39	entities	entity	NOUN
taxlaw-2830	573	40	that	that	PRON
taxlaw-2830	573	41	earn	earn	AUX
taxlaw-2830	573	42	predominately	predominately	ADV
taxlaw-2830	573	43	qualifying	qualify	VERB
taxlaw-2830	573	44	income	income	NOUN
taxlaw-2830	573	45	.	.	PUNCT
taxlaw-2830	574	1	ultimately	ultimately	ADV
taxlaw-2830	574	2	,	,	PUNCT
taxlaw-2830	574	3	though	though	SCONJ
taxlaw-2830	574	4	the	the	DET
taxlaw-2830	574	5	existing	exist	VERB
taxlaw-2830	574	6	rules	rule	NOUN
taxlaw-2830	574	7	are	be	AUX
taxlaw-2830	574	8	a	a	DET
taxlaw-2830	574	9	poor	poor	ADJ
taxlaw-2830	574	10	fit	fit	NOUN
taxlaw-2830	574	11	for	for	ADP
taxlaw-2830	574	12	each	each	PRON
taxlaw-2830	574	13	of	of	ADP
taxlaw-2830	574	14	the	the	DET
taxlaw-2830	574	15	three	three	NUM
taxlaw-2830	574	16	justifications	justification	NOUN
taxlaw-2830	574	17	,	,	PUNCT
taxlaw-2830	574	18	and	and	CCONJ
taxlaw-2830	574	19	more	more	ADV
taxlaw-2830	574	20	accurately	accurately	ADV
taxlaw-2830	574	21	targeted	target	VERB
taxlaw-2830	574	22	rules	rule	NOUN
taxlaw-2830	574	23	could	could	AUX
taxlaw-2830	574	24	better	well	ADV
taxlaw-2830	574	25	serve	serve	VERB
taxlaw-2830	574	26	the	the	DET
taxlaw-2830	574	27	goals	goal	NOUN
taxlaw-2830	574	28	articulated	articulate	VERB
taxlaw-2830	574	29	by	by	ADP
taxlaw-2830	574	30	legislative	legislative	ADJ
taxlaw-2830	574	31	history	history	NOUN
taxlaw-2830	574	32	.	.	PUNCT
taxlaw-2830	575	1	regarding	regard	VERB
taxlaw-2830	575	2	the	the	DET
taxlaw-2830	575	3	first	first	ADJ
taxlaw-2830	575	4	justification	justification	NOUN
taxlaw-2830	575	5	,	,	PUNCT
taxlaw-2830	575	6	the	the	DET
taxlaw-2830	575	7	house	house	NOUN
taxlaw-2830	575	8	report	report	NOUN
taxlaw-2830	575	9	that	that	PRON
taxlaw-2830	575	10	accompanied	accompany	VERB
taxlaw-2830	575	11	the	the	DET
taxlaw-2830	575	12	adoption	adoption	NOUN
taxlaw-2830	575	13	of	of	ADP
taxlaw-2830	575	14	the	the	DET
taxlaw-2830	575	15	exempt	exempt	ADJ
taxlaw-2830	575	16	publicly	publicly	ADV
taxlaw-2830	575	17	traded	trade	VERB
taxlaw-2830	575	18	partnership	partnership	NOUN
taxlaw-2830	575	19	rules	rule	NOUN
taxlaw-2830	575	20	mentions	mention	VERB
taxlaw-2830	575	21	that	that	SCONJ
taxlaw-2830	575	22	dividend	dividend	NOUN
taxlaw-2830	575	23	income	income	NOUN
taxlaw-2830	575	24	is	be	AUX
taxlaw-2830	575	25	treated	treat	VERB
taxlaw-2830	575	26	as	as	ADP
taxlaw-2830	575	27	qualifying	qualify	VERB
taxlaw-2830	575	28	income	income	NOUN
taxlaw-2830	575	29	because	because	SCONJ
taxlaw-2830	575	30	dividend	dividend	NOUN
taxlaw-2830	575	31	income	income	NOUN
taxlaw-2830	575	32	is	be	AUX
taxlaw-2830	575	33	received	receive	VERB
taxlaw-2830	575	34	from	from	ADP
taxlaw-2830	575	35	an	an	DET
taxlaw-2830	575	36	entity	entity	NOUN
taxlaw-2830	575	37	treated	treat	VERB
taxlaw-2830	575	38	as	as	ADP
taxlaw-2830	575	39	a	a	DET
taxlaw-2830	575	40	corporation	corporation	NOUN
taxlaw-2830	575	41	for	for	ADP
taxlaw-2830	575	42	tax	tax	NOUN
taxlaw-2830	575	43	purposes	purpose	NOUN
taxlaw-2830	575	44	that	that	PRON
taxlaw-2830	575	45	may	may	AUX
taxlaw-2830	575	46	,	,	PUNCT
taxlaw-2830	575	47	itself	itself	PRON
taxlaw-2830	575	48	,	,	PUNCT
taxlaw-2830	575	49	be	be	AUX
taxlaw-2830	575	50	subject	subject	ADJ
taxlaw-2830	575	51	to	to	ADP
taxlaw-2830	575	52	corporate	corporate	ADJ
taxlaw-2830	575	53	-	-	PUNCT
taxlaw-2830	575	54	level	level	NOUN
taxlaw-2830	575	55	tax	tax	NOUN
taxlaw-2830	575	56	.	.	PUNCT
taxlaw-2830	576	1	104	104	NUM
taxlaw-2830	576	2	thus	thus	ADV
taxlaw-2830	576	3	,	,	PUNCT
taxlaw-2830	576	4	dividend	dividend	NOUN
taxlaw-2830	576	5	income	income	NOUN
taxlaw-2830	576	6	may	may	AUX
taxlaw-2830	576	7	be	be	AUX
taxlaw-2830	576	8	included	include	VERB
taxlaw-2830	576	9	on	on	ADP
taxlaw-2830	576	10	the	the	DET
taxlaw-2830	576	11	list	list	NOUN
taxlaw-2830	576	12	of	of	ADP
taxlaw-2830	576	13	types	type	NOUN
taxlaw-2830	576	14	of	of	ADP
taxlaw-2830	576	15	qualifying	qualify	VERB
taxlaw-2830	576	16	income	income	NOUN
taxlaw-2830	576	17	to	to	PART
taxlaw-2830	576	18	prevent	prevent	VERB
taxlaw-2830	576	19	subjecting	subject	VERB
taxlaw-2830	576	20	the	the	DET
taxlaw-2830	576	21	same	same	ADJ
taxlaw-2830	576	22	income	income	NOUN
taxlaw-2830	576	23	to	to	ADP
taxlaw-2830	576	24	an	an	DET
taxlaw-2830	576	25	additional	additional	ADJ
taxlaw-2830	576	26	level	level	NOUN
taxlaw-2830	576	27	of	of	ADP
taxlaw-2830	576	28	tax	tax	NOUN
taxlaw-2830	576	29	.	.	PUNCT
taxlaw-2830	577	1	this	this	DET
taxlaw-2830	577	2	rationale	rationale	NOUN
taxlaw-2830	577	3	,	,	PUNCT
taxlaw-2830	577	4	however	however	ADV
taxlaw-2830	577	5	,	,	PUNCT
taxlaw-2830	577	6	is	be	AUX
taxlaw-2830	577	7	not	not	PART
taxlaw-2830	577	8	a	a	DET
taxlaw-2830	577	9	convincing	convincing	ADJ
taxlaw-2830	577	10	explanation	explanation	NOUN
taxlaw-2830	577	11	for	for	ADP
taxlaw-2830	577	12	the	the	DET
taxlaw-2830	577	13	special	special	ADJ
taxlaw-2830	577	14	tax	tax	NOUN
taxlaw-2830	577	15	treatment	treatment	NOUN
taxlaw-2830	577	16	granted	grant	VERB
taxlaw-2830	577	17	to	to	PART
taxlaw-2830	577	18	publicly	publicly	ADV
taxlaw-2830	577	19	traded	trade	VERB
taxlaw-2830	577	20	partnerships	partnership	NOUN
taxlaw-2830	577	21	that	that	PRON
taxlaw-2830	577	22	predominately	predominately	ADV
taxlaw-2830	577	23	earn	earn	VERB
taxlaw-2830	577	24	qualifying	qualify	VERB
taxlaw-2830	577	25	income	income	NOUN
taxlaw-2830	577	26	.	.	PUNCT
taxlaw-2830	578	1	if	if	SCONJ
taxlaw-2830	578	2	the	the	DET
taxlaw-2830	578	3	publicly	publicly	ADV
taxlaw-2830	578	4	traded	trade	VERB
taxlaw-2830	578	5	entity	entity	NOUN
taxlaw-2830	578	6	receiving	receive	VERB
taxlaw-2830	578	7	the	the	DET
taxlaw-2830	578	8	dividend	dividend	NOUN
taxlaw-2830	578	9	income	income	NOUN
taxlaw-2830	578	10	were	be	AUX
taxlaw-2830	578	11	treated	treat	VERB
taxlaw-2830	578	12	like	like	ADP
taxlaw-2830	578	13	a	a	DET
taxlaw-2830	578	14	corporation	corporation	NOUN
taxlaw-2830	578	15	for	for	ADP
taxlaw-2830	578	16	tax	tax	NOUN
taxlaw-2830	578	17	purposes	purpose	NOUN
taxlaw-2830	578	18	,	,	PUNCT
taxlaw-2830	578	19	a	a	DET
taxlaw-2830	578	20	more	more	ADV
taxlaw-2830	578	21	narrowly	narrowly	ADV
taxlaw-2830	578	22	crafted	craft	VERB
taxlaw-2830	578	23	rule	rule	NOUN
taxlaw-2830	578	24	could	could	AUX
taxlaw-2830	578	25	exempt	exempt	VERB
taxlaw-2830	578	26	the	the	DET
taxlaw-2830	578	27	dividend	dividend	NOUN
taxlaw-2830	578	28	income	income	NOUN
taxlaw-2830	578	29	from	from	ADP
taxlaw-2830	578	30	an	an	DET
taxlaw-2830	578	31	additional	additional	ADJ
taxlaw-2830	578	32	level	level	NOUN
taxlaw-2830	578	33	of	of	ADP
taxlaw-2830	578	34	tax	tax	NOUN
taxlaw-2830	578	35	.	.	PUNCT
taxlaw-2830	579	1	in	in	ADP
taxlaw-2830	579	2	particular	particular	ADJ
taxlaw-2830	579	3	,	,	PUNCT
taxlaw-2830	579	4	in	in	ADP
taxlaw-2830	579	5	certain	certain	ADJ
taxlaw-2830	579	6	circumstances	circumstance	NOUN
taxlaw-2830	579	7	,	,	PUNCT
taxlaw-2830	579	8	internal	internal	ADJ
taxlaw-2830	579	9	revenue	revenue	NOUN
taxlaw-2830	579	10	code	code	NOUN
taxlaw-2830	579	11	section	section	NOUN
taxlaw-2830	579	12	243	243	NUM
taxlaw-2830	579	13	allows	allow	VERB
taxlaw-2830	579	14	a	a	DET
taxlaw-2830	579	15	corporation	corporation	NOUN
taxlaw-2830	579	16	that	that	PRON
taxlaw-2830	579	17	receives	receive	VERB
taxlaw-2830	579	18	dividend	dividend	NOUN
taxlaw-2830	579	19	income	income	NOUN
taxlaw-2830	579	20	to	to	PART
taxlaw-2830	579	21	deduct	deduct	VERB
taxlaw-2830	579	22	all	all	PRON
taxlaw-2830	579	23	or	or	CCONJ
taxlaw-2830	579	24	a	a	DET
taxlaw-2830	579	25	portion	portion	NOUN
taxlaw-2830	579	26	of	of	ADP
taxlaw-2830	579	27	the	the	DET
taxlaw-2830	579	28	dividend	dividend	NOUN
taxlaw-2830	579	29	income	income	NOUN
taxlaw-2830	579	30	when	when	SCONJ
taxlaw-2830	579	31	computing	compute	VERB
taxlaw-2830	579	32	the	the	DET
taxlaw-2830	579	33	recipient	recipient	NOUN
taxlaw-2830	579	34	corporation‘s	corporation‘s	PROPN
taxlaw-2830	579	35	taxable	taxable	ADJ
taxlaw-2830	579	36	income	income	NOUN
taxlaw-2830	579	37	.	.	PUNCT
taxlaw-2830	580	1	105	105	NUM
taxlaw-2830	580	2	if	if	SCONJ
taxlaw-2830	580	3	congress	congress	PROPN
taxlaw-2830	580	4	wanted	want	VERB
taxlaw-2830	580	5	to	to	PART
taxlaw-2830	580	6	entirely	entirely	ADV
taxlaw-2830	580	7	exempt	exempt	VERB
taxlaw-2830	580	8	dividend	dividend	NOUN
taxlaw-2830	580	9	income	income	NOUN
taxlaw-2830	580	10	from	from	ADP
taxlaw-2830	580	11	an	an	DET
taxlaw-2830	580	12	additional	additional	ADJ
taxlaw-2830	580	13	level	level	NOUN
taxlaw-2830	580	14	of	of	ADP
taxlaw-2830	580	15	tax	tax	NOUN
taxlaw-2830	580	16	,	,	PUNCT
taxlaw-2830	580	17	congress	congress	PROPN
taxlaw-2830	580	18	could	could	AUX
taxlaw-2830	580	19	modify	modify	VERB
taxlaw-2830	580	20	section	section	NOUN
taxlaw-2830	580	21	243	243	NUM
taxlaw-2830	580	22	so	so	SCONJ
taxlaw-2830	580	23	that	that	SCONJ
taxlaw-2830	580	24	,	,	PUNCT
taxlaw-2830	580	25	when	when	SCONJ
taxlaw-2830	580	26	it	it	PRON
taxlaw-2830	580	27	applied	apply	VERB
taxlaw-2830	580	28	,	,	PUNCT
taxlaw-2830	580	29	the	the	DET
taxlaw-2830	580	30	recipient	recipient	NOUN
taxlaw-2830	580	31	corporation	corporation	NOUN
taxlaw-2830	580	32	could	could	AUX
taxlaw-2830	580	33	take	take	VERB
taxlaw-2830	580	34	a	a	DET
taxlaw-2830	580	35	deduction	deduction	NOUN
taxlaw-2830	580	36	equal	equal	ADJ
taxlaw-2830	580	37	to	to	ADP
taxlaw-2830	580	38	the	the	DET
taxlaw-2830	580	39	entire	entire	ADJ
taxlaw-2830	580	40	amount	amount	NOUN
taxlaw-2830	580	41	of	of	ADP
taxlaw-2830	580	42	dividend	dividend	NOUN
taxlaw-2830	580	43	income	income	NOUN
taxlaw-2830	580	44	that	that	PRON
taxlaw-2830	580	45	it	it	PRON
taxlaw-2830	580	46	received	receive	VERB
taxlaw-2830	580	47	.	.	PUNCT
taxlaw-2830	581	1	106	106	NUM
taxlaw-2830	582	1	the	the	DET
taxlaw-2830	582	2	existing	exist	VERB
taxlaw-2830	582	3	rules	rule	NOUN
taxlaw-2830	582	4	regarding	regard	VERB
taxlaw-2830	582	5	qualifying	qualify	VERB
taxlaw-2830	582	6	income	income	NOUN
taxlaw-2830	582	7	,	,	PUNCT
taxlaw-2830	582	8	which	which	PRON
taxlaw-2830	582	9	encompass	encompass	VERB
taxlaw-2830	582	10	much	much	ADV
taxlaw-2830	582	11	more	more	ADJ
taxlaw-2830	582	12	than	than	ADP
taxlaw-2830	582	13	dividend	dividend	NOUN
taxlaw-2830	582	14	income	income	NOUN
taxlaw-2830	582	15	,	,	PUNCT
taxlaw-2830	582	16	are	be	AUX
taxlaw-2830	582	17	an	an	DET
taxlaw-2830	582	18	overly	overly	ADV
taxlaw-2830	582	19	broad	broad	ADJ
taxlaw-2830	582	20	and	and	CCONJ
taxlaw-2830	582	21	,	,	PUNCT
taxlaw-2830	582	22	therefore	therefore	ADV
taxlaw-2830	582	23	,	,	PUNCT
taxlaw-2830	582	24	inaccurate	inaccurate	ADJ
taxlaw-2830	582	25	mechanism	mechanism	NOUN
taxlaw-2830	582	26	for	for	ADP
taxlaw-2830	582	27	achieving	achieve	VERB
taxlaw-2830	582	28	the	the	DET
taxlaw-2830	582	29	objective	objective	NOUN
taxlaw-2830	582	30	of	of	ADP
taxlaw-2830	582	31	exempting	exempt	VERB
taxlaw-2830	582	32	dividend	dividend	NOUN
taxlaw-2830	582	33	income	income	NOUN
taxlaw-2830	582	34	from	from	ADP
taxlaw-2830	582	35	an	an	DET
taxlaw-2830	582	36	additional	additional	ADJ
taxlaw-2830	582	37	level	level	NOUN
taxlaw-2830	582	38	of	of	ADP
taxlaw-2830	582	39	tax	tax	NOUN
taxlaw-2830	582	40	.	.	PUNCT
taxlaw-2830	583	1	regarding	regard	VERB
taxlaw-2830	583	2	the	the	DET
taxlaw-2830	583	3	second	second	ADJ
taxlaw-2830	583	4	justification	justification	NOUN
taxlaw-2830	583	5	,	,	PUNCT
taxlaw-2830	583	6	the	the	DET
taxlaw-2830	583	7	house	house	NOUN
taxlaw-2830	583	8	report	report	NOUN
taxlaw-2830	583	9	that	that	PRON
taxlaw-2830	583	10	accompanied	accompany	VERB
taxlaw-2830	583	11	the	the	DET
taxlaw-2830	583	12	adoption	adoption	NOUN
taxlaw-2830	583	13	of	of	ADP
taxlaw-2830	583	14	the	the	DET
taxlaw-2830	583	15	exempt	exempt	ADJ
taxlaw-2830	583	16	publicly	publicly	ADV
taxlaw-2830	583	17	traded	trade	VERB
taxlaw-2830	583	18	partnership	partnership	NOUN
taxlaw-2830	583	19	rules	rule	VERB
taxlaw-2830	583	20	states	state	NOUN
taxlaw-2830	583	21	:	:	PUNCT
taxlaw-2830	583	22	in	in	ADP
taxlaw-2830	583	23	general	general	ADJ
taxlaw-2830	583	24	,	,	PUNCT
taxlaw-2830	583	25	the	the	DET
taxlaw-2830	583	26	purpose	purpose	NOUN
taxlaw-2830	583	27	of	of	ADP
taxlaw-2830	583	28	distinguishing	distinguish	VERB
taxlaw-2830	583	29	between	between	ADP
taxlaw-2830	583	30	passive	passive	ADJ
taxlaw-2830	583	31	-	-	PUNCT
taxlaw-2830	583	32	type	type	NOUN
taxlaw-2830	583	33	income	income	NOUN
taxlaw-2830	583	34	and	and	CCONJ
taxlaw-2830	583	35	other	other	ADJ
taxlaw-2830	583	36	income	income	NOUN
taxlaw-2830	583	37	is	be	AUX
taxlaw-2830	583	38	to	to	PART
taxlaw-2830	583	39	distinguish	distinguish	VERB
taxlaw-2830	583	40	those	those	DET
taxlaw-2830	583	41	partnerships	partnership	NOUN
taxlaw-2830	583	42	that	that	PRON
taxlaw-2830	583	43	are	be	AUX
taxlaw-2830	583	44	engaged	engage	VERB
taxlaw-2830	583	45	in	in	ADP
taxlaw-2830	583	46	activities	activity	NOUN
taxlaw-2830	583	47	commonly	commonly	ADV
taxlaw-2830	583	48	considered	consider	VERB
taxlaw-2830	583	49	as	as	ADV
taxlaw-2830	583	50	essentially	essentially	ADV
taxlaw-2830	583	51	no	no	PRON
taxlaw-2830	583	52	more	more	ADJ
taxlaw-2830	583	53	than	than	ADP
taxlaw-2830	583	54	investments	investment	NOUN
taxlaw-2830	583	55	,	,	PUNCT
taxlaw-2830	583	56	certain	certain	ADJ
taxlaw-2830	583	57	industries	industry	NOUN
taxlaw-2830	583	58	as	as	ADP
taxlaw-2830	583	59	necessary	necessary	ADJ
taxlaw-2830	583	60	to	to	PART
taxlaw-2830	583	61	avoid	avoid	VERB
taxlaw-2830	583	62	―disruption	―disruption	NOUN
taxlaw-2830	583	63	of	of	ADP
taxlaw-2830	583	64	present	present	ADJ
taxlaw-2830	583	65	practices‖	practices‖	NOUN
taxlaw-2830	583	66	given	give	VERB
taxlaw-2830	583	67	general	general	ADJ
taxlaw-2830	583	68	economic	economic	ADJ
taxlaw-2830	583	69	conditions	condition	NOUN
taxlaw-2830	583	70	.	.	PUNCT
taxlaw-2830	584	1	however	however	ADV
taxlaw-2830	584	2	,	,	PUNCT
taxlaw-2830	584	3	any	any	DET
taxlaw-2830	584	4	change	change	NOUN
taxlaw-2830	584	5	to	to	ADP
taxlaw-2830	584	6	tax	tax	NOUN
taxlaw-2830	584	7	law	law	NOUN
taxlaw-2830	584	8	could	could	AUX
taxlaw-2830	584	9	have	have	VERB
taxlaw-2830	584	10	economic	economic	ADJ
taxlaw-2830	584	11	consequences	consequence	NOUN
taxlaw-2830	584	12	for	for	ADP
taxlaw-2830	584	13	those	those	PRON
taxlaw-2830	584	14	affected	affect	VERB
taxlaw-2830	584	15	by	by	ADP
taxlaw-2830	584	16	the	the	DET
taxlaw-2830	584	17	change	change	NOUN
taxlaw-2830	584	18	.	.	PUNCT
taxlaw-2830	585	1	thus	thus	ADV
taxlaw-2830	585	2	,	,	PUNCT
taxlaw-2830	585	3	this	this	DET
taxlaw-2830	585	4	concern	concern	NOUN
taxlaw-2830	585	5	could	could	AUX
taxlaw-2830	585	6	be	be	AUX
taxlaw-2830	585	7	raised	raise	VERB
taxlaw-2830	585	8	in	in	ADP
taxlaw-2830	585	9	connection	connection	NOUN
taxlaw-2830	585	10	with	with	ADP
taxlaw-2830	585	11	any	any	DET
taxlaw-2830	585	12	tax	tax	NOUN
taxlaw-2830	585	13	reform	reform	NOUN
taxlaw-2830	585	14	proposal	proposal	NOUN
taxlaw-2830	585	15	.	.	PUNCT
taxlaw-2830	586	1	104	104	NUM
taxlaw-2830	587	1	i	i	PRON
taxlaw-2830	587	2	d.	d.	PROPN
taxlaw-2830	587	3	at	at	ADP
taxlaw-2830	587	4	1068	1068	NUM
taxlaw-2830	587	5	(	(	PUNCT
taxlaw-2830	587	6	―[t]he	―[t]he	ADJ
taxlaw-2830	587	7	rationale	rationale	NOUN
taxlaw-2830	587	8	for	for	ADP
taxlaw-2830	587	9	imposing	impose	VERB
taxlaw-2830	587	10	an	an	DET
taxlaw-2830	587	11	additional	additional	ADJ
taxlaw-2830	587	12	corporate	corporate	ADJ
taxlaw-2830	587	13	-	-	PUNCT
taxlaw-2830	587	14	level	level	NOUN
taxlaw-2830	587	15	tax	tax	NOUN
taxlaw-2830	587	16	on	on	ADP
taxlaw-2830	587	17	investments	investment	NOUN
taxlaw-2830	587	18	in	in	ADP
taxlaw-2830	587	19	publicly	publicly	ADV
taxlaw-2830	587	20	traded	trade	VERB
taxlaw-2830	587	21	partnership	partnership	NOUN
taxlaw-2830	587	22	form	form	NOUN
taxlaw-2830	587	23	is	be	AUX
taxlaw-2830	587	24	less	less	ADV
taxlaw-2830	587	25	compelling	compelling	ADJ
taxlaw-2830	587	26	,	,	PUNCT
taxlaw-2830	587	27	because	because	SCONJ
taxlaw-2830	587	28	.	.	PUNCT
taxlaw-2830	587	29	.	.	PUNCT
taxlaw-2830	587	30	.	.	PUNCT
taxlaw-2830	588	1	the	the	DET
taxlaw-2830	588	2	income	income	NOUN
taxlaw-2830	588	3	has	have	AUX
taxlaw-2830	588	4	already	already	ADV
taxlaw-2830	588	5	been	be	AUX
taxlaw-2830	588	6	subject	subject	ADJ
taxlaw-2830	588	7	to	to	ADP
taxlaw-2830	588	8	corporate	corporate	ADJ
taxlaw-2830	588	9	-	-	PUNCT
taxlaw-2830	588	10	level	level	NOUN
taxlaw-2830	588	11	tax	tax	NOUN
taxlaw-2830	588	12	,	,	PUNCT
taxlaw-2830	588	13	in	in	ADP
taxlaw-2830	588	14	the	the	DET
taxlaw-2830	588	15	case	case	NOUN
taxlaw-2830	588	16	of	of	ADP
taxlaw-2830	588	17	dividends	dividend	NOUN
taxlaw-2830	588	18	.	.	PUNCT
taxlaw-2830	588	19	.	.	PUNCT
taxlaw-2830	588	20	.	.	PUNCT
taxlaw-2830	589	1	.‖	.‖	NOUN
taxlaw-2830	589	2	)	)	PUNCT
taxlaw-2830	589	3	.	.	PUNCT
taxlaw-2830	590	1	105	105	NUM
taxlaw-2830	590	2	i.r.c	i.r.c	NOUN
taxlaw-2830	590	3	.	.	PUNCT
taxlaw-2830	591	1	§	§	PROPN
taxlaw-2830	591	2	243	243	NUM
taxlaw-2830	591	3	(	(	PUNCT
taxlaw-2830	591	4	2012	2012	NUM
taxlaw-2830	591	5	)	)	PUNCT
taxlaw-2830	591	6	.	.	PUNCT
taxlaw-2830	592	1	furthermore	furthermore	ADV
taxlaw-2830	592	2	,	,	PUNCT
taxlaw-2830	592	3	by	by	ADP
taxlaw-2830	592	4	contrast	contrast	NOUN
taxlaw-2830	592	5	to	to	ADP
taxlaw-2830	592	6	the	the	DET
taxlaw-2830	592	7	qualifying	qualify	VERB
taxlaw-2830	592	8	income	income	NOUN
taxlaw-2830	592	9	rules	rule	NOUN
taxlaw-2830	592	10	,	,	PUNCT
taxlaw-2830	592	11	section	section	NOUN
taxlaw-2830	592	12	243	243	NUM
taxlaw-2830	592	13	is	be	AUX
taxlaw-2830	592	14	more	more	ADV
taxlaw-2830	592	15	precisely	precisely	ADV
taxlaw-2830	592	16	targeted	target	VERB
taxlaw-2830	592	17	at	at	ADP
taxlaw-2830	592	18	the	the	DET
taxlaw-2830	592	19	objective	objective	NOUN
taxlaw-2830	592	20	of	of	ADP
taxlaw-2830	592	21	preventing	prevent	VERB
taxlaw-2830	592	22	the	the	DET
taxlaw-2830	592	23	imposition	imposition	NOUN
taxlaw-2830	592	24	of	of	ADP
taxlaw-2830	592	25	an	an	DET
taxlaw-2830	592	26	additional	additional	ADJ
taxlaw-2830	592	27	level	level	NOUN
taxlaw-2830	592	28	of	of	ADP
taxlaw-2830	592	29	tax	tax	NOUN
taxlaw-2830	592	30	on	on	ADP
taxlaw-2830	592	31	dividend	dividend	NOUN
taxlaw-2830	592	32	income	income	NOUN
taxlaw-2830	592	33	paid	pay	VERB
taxlaw-2830	592	34	by	by	ADP
taxlaw-2830	592	35	an	an	DET
taxlaw-2830	592	36	entity	entity	NOUN
taxlaw-2830	592	37	that	that	PRON
taxlaw-2830	592	38	is	be	AUX
taxlaw-2830	592	39	subject	subject	ADJ
taxlaw-2830	592	40	to	to	ADP
taxlaw-2830	592	41	entity	entity	NOUN
taxlaw-2830	592	42	-level	-level	NOUN
taxlaw-2830	592	43	tax	tax	NOUN
taxlaw-2830	592	44	.	.	PUNCT
taxlaw-2830	593	1	first	first	ADV
taxlaw-2830	593	2	,	,	PUNCT
taxlaw-2830	593	3	section	section	NOUN
taxlaw-2830	593	4	243	243	NUM
taxlaw-2830	593	5	is	be	AUX
taxlaw-2830	593	6	more	more	ADV
taxlaw-2830	593	7	precise	precise	ADJ
taxlaw-2830	593	8	because	because	SCONJ
taxlaw-2830	593	9	it	it	PRON
taxlaw-2830	593	10	is	be	AUX
taxlaw-2830	593	11	limited	limit	VERB
taxlaw-2830	593	12	to	to	PART
taxlaw-2830	593	13	dividend	dividend	VERB
taxlaw-2830	593	14	income	income	NOUN
taxlaw-2830	593	15	and	and	CCONJ
taxlaw-2830	593	16	does	do	AUX
taxlaw-2830	593	17	not	not	PART
taxlaw-2830	593	18	apply	apply	VERB
taxlaw-2830	593	19	to	to	ADP
taxlaw-2830	593	20	other	other	ADJ
taxlaw-2830	593	21	types	type	NOUN
taxlaw-2830	593	22	of	of	ADP
taxlaw-2830	593	23	income	income	NOUN
taxlaw-2830	593	24	(	(	PUNCT
taxlaw-2830	593	25	such	such	ADJ
taxlaw-2830	593	26	as	as	ADP
taxlaw-2830	593	27	interest	interest	NOUN
taxlaw-2830	593	28	,	,	PUNCT
taxlaw-2830	593	29	rent	rent	NOUN
taxlaw-2830	593	30	,	,	PUNCT
taxlaw-2830	593	31	etc	etc	X
taxlaw-2830	593	32	.	.	X
taxlaw-2830	593	33	)	)	PUNCT
taxlaw-2830	593	34	that	that	PRON
taxlaw-2830	593	35	have	have	AUX
taxlaw-2830	593	36	not	not	PART
taxlaw-2830	593	37	already	already	ADV
taxlaw-2830	593	38	been	be	AUX
taxlaw-2830	593	39	taxed	tax	VERB
taxlaw-2830	593	40	.	.	PUNCT
taxlaw-2830	594	1	second	second	ADJ
taxlaw-2830	594	2	,	,	PUNCT
taxlaw-2830	594	3	not	not	PART
taxlaw-2830	594	4	all	all	DET
taxlaw-2830	594	5	dividend	dividend	NOUN
taxlaw-2830	594	6	income	income	NOUN
taxlaw-2830	594	7	is	be	AUX
taxlaw-2830	594	8	received	receive	VERB
taxlaw-2830	594	9	from	from	ADP
taxlaw-2830	594	10	an	an	DET
taxlaw-2830	594	11	entity	entity	NOUN
taxlaw-2830	594	12	that	that	PRON
taxlaw-2830	594	13	is	be	AUX
taxlaw-2830	594	14	,	,	PUNCT
taxlaw-2830	594	15	itself	itself	PRON
taxlaw-2830	594	16	,	,	PUNCT
taxlaw-2830	594	17	subject	subject	ADJ
taxlaw-2830	594	18	to	to	ADP
taxlaw-2830	594	19	corporate	corporate	ADJ
taxlaw-2830	594	20	-	-	PUNCT
taxlaw-2830	594	21	level	level	NOUN
taxlaw-2830	594	22	tax	tax	NOUN
taxlaw-2830	594	23	,	,	PUNCT
taxlaw-2830	594	24	and	and	CCONJ
taxlaw-2830	594	25	restrictions	restriction	NOUN
taxlaw-2830	594	26	on	on	ADP
taxlaw-2830	594	27	the	the	DET
taxlaw-2830	594	28	dividends	dividend	NOUN
taxlaw-2830	594	29	received	receive	VERB
taxlaw-2830	594	30	deduction	deduction	NOUN
taxlaw-2830	594	31	are	be	AUX
taxlaw-2830	594	32	intended	intend	VERB
taxlaw-2830	594	33	to	to	PART
taxlaw-2830	594	34	limit	limit	VERB
taxlaw-2830	594	35	it	it	PRON
taxlaw-2830	594	36	to	to	PART
taxlaw-2830	594	37	dividend	dividend	VERB
taxlaw-2830	594	38	income	income	NOUN
taxlaw-2830	594	39	paid	pay	VERB
taxlaw-2830	594	40	by	by	ADP
taxlaw-2830	594	41	an	an	DET
taxlaw-2830	594	42	entity	entity	NOUN
taxlaw-2830	594	43	that	that	PRON
taxlaw-2830	594	44	is	be	AUX
taxlaw-2830	594	45	subject	subject	ADJ
taxlaw-2830	594	46	to	to	ADP
taxlaw-2830	594	47	tax	tax	NOUN
taxlaw-2830	594	48	.	.	PUNCT
taxlaw-2830	595	1	see	see	VERB
taxlaw-2830	595	2	,	,	PUNCT
taxlaw-2830	595	3	e.g.	e.g.	ADV
taxlaw-2830	595	4	,	,	PUNCT
taxlaw-2830	595	5	i.r.c	i.r.c	NOUN
taxlaw-2830	595	6	.	.	PUNCT
taxlaw-2830	596	1	§	§	PROPN
taxlaw-2830	596	2	243(a	243(a	PROPN
taxlaw-2830	596	3	)	)	PUNCT
taxlaw-2830	596	4	(	(	PUNCT
taxlaw-2830	596	5	―in	―in	VERB
taxlaw-2830	596	6	the	the	DET
taxlaw-2830	596	7	case	case	NOUN
taxlaw-2830	596	8	of	of	ADP
taxlaw-2830	596	9	a	a	DET
taxlaw-2830	596	10	corporation	corporation	NOUN
taxlaw-2830	596	11	,	,	PUNCT
taxlaw-2830	596	12	there	there	PRON
taxlaw-2830	596	13	shall	shall	AUX
taxlaw-2830	596	14	be	be	AUX
taxlaw-2830	596	15	allowed	allow	VERB
taxlaw-2830	596	16	as	as	ADP
taxlaw-2830	596	17	a	a	DET
taxlaw-2830	596	18	deduction	deduction	NOUN
taxlaw-2830	596	19	an	an	DET
taxlaw-2830	596	20	amount	amount	NOUN
taxlaw-2830	596	21	equal	equal	ADJ
taxlaw-2830	596	22	to	to	ADP
taxlaw-2830	596	23	the	the	DET
taxlaw-2830	596	24	following	follow	VERB
taxlaw-2830	596	25	percentages	percentage	NOUN
taxlaw-2830	596	26	of	of	ADP
taxlaw-2830	596	27	the	the	DET
taxlaw-2830	596	28	amount	amount	NOUN
taxlaw-2830	596	29	received	receive	VERB
taxlaw-2830	596	30	as	as	ADP
taxlaw-2830	596	31	dividends	dividend	NOUN
taxlaw-2830	596	32	from	from	ADP
taxlaw-2830	596	33	a	a	DET
taxlaw-2830	596	34	domestic	domestic	ADJ
taxlaw-2830	596	35	corporation	corporation	NOUN
taxlaw-2830	596	36	which	which	PRON
taxlaw-2830	596	37	is	be	AUX
taxlaw-2830	596	38	subject	subject	ADJ
taxlaw-2830	596	39	to	to	ADP
taxlaw-2830	596	40	taxation	taxation	NOUN
taxlaw-2830	596	41	under	under	ADP
taxlaw-2830	596	42	this	this	DET
taxlaw-2830	596	43	chapter.‖	chapter.‖	NOUN
taxlaw-2830	596	44	)	)	PUNCT
taxlaw-2830	596	45	.	.	PUNCT
taxlaw-2830	597	1	106	106	NUM
taxlaw-2830	597	2	currently	currently	ADV
taxlaw-2830	597	3	,	,	PUNCT
taxlaw-2830	597	4	section	section	NOUN
taxlaw-2830	597	5	243	243	NUM
taxlaw-2830	597	6	allows	allow	VERB
taxlaw-2830	597	7	the	the	DET
taxlaw-2830	597	8	recipient	recipient	NOUN
taxlaw-2830	597	9	corporation	corporation	NOUN
taxlaw-2830	597	10	to	to	PART
taxlaw-2830	597	11	deduct	deduct	VERB
taxlaw-2830	597	12	70	70	NUM
taxlaw-2830	597	13	percent	percent	NOUN
taxlaw-2830	597	14	of	of	ADP
taxlaw-2830	597	15	the	the	DET
taxlaw-2830	597	16	dividend	dividend	NOUN
taxlaw-2830	597	17	income	income	NOUN
taxlaw-2830	597	18	,	,	PUNCT
taxlaw-2830	597	19	unless	unless	SCONJ
taxlaw-2830	597	20	the	the	DET
taxlaw-2830	597	21	recipient	recipient	NOUN
taxlaw-2830	597	22	corporation	corporation	NOUN
taxlaw-2830	597	23	owns	own	VERB
taxlaw-2830	597	24	a	a	DET
taxlaw-2830	597	25	large	large	ADJ
taxlaw-2830	597	26	stake	stake	NOUN
taxlaw-2830	597	27	in	in	ADP
taxlaw-2830	597	28	the	the	DET
taxlaw-2830	597	29	corporation	corporation	NOUN
taxlaw-2830	597	30	from	from	ADP
taxlaw-2830	597	31	which	which	PRON
taxlaw-2830	597	32	the	the	DET
taxlaw-2830	597	33	dividend	dividend	NOUN
taxlaw-2830	597	34	income	income	NOUN
taxlaw-2830	597	35	is	be	AUX
taxlaw-2830	597	36	received	receive	VERB
taxlaw-2830	597	37	,	,	PUNCT
taxlaw-2830	597	38	in	in	ADP
taxlaw-2830	597	39	which	which	DET
taxlaw-2830	597	40	case	case	NOUN
taxlaw-2830	597	41	the	the	DET
taxlaw-2830	597	42	recipient	recipient	NOUN
taxlaw-2830	597	43	corporation	corporation	NOUN
taxlaw-2830	597	44	can	can	AUX
taxlaw-2830	597	45	deduct	deduct	VERB
taxlaw-2830	597	46	a	a	DET
taxlaw-2830	597	47	larger	large	ADJ
taxlaw-2830	597	48	percentage	percentage	NOUN
taxlaw-2830	597	49	of	of	ADP
taxlaw-2830	597	50	the	the	DET
taxlaw-2830	597	51	dividend	dividend	NOUN
taxlaw-2830	597	52	income	income	NOUN
taxlaw-2830	597	53	,	,	PUNCT
taxlaw-2830	597	54	up	up	ADP
taxlaw-2830	597	55	to	to	PART
taxlaw-2830	597	56	100	100	NUM
taxlaw-2830	597	57	percent	percent	NOUN
taxlaw-2830	597	58	in	in	ADP
taxlaw-2830	597	59	some	some	DET
taxlaw-2830	597	60	cases	case	NOUN
taxlaw-2830	597	61	.	.	PUNCT
taxlaw-2830	598	1	i.r.c	i.r.c	NOUN
taxlaw-2830	598	2	.	.	PUNCT
taxlaw-2830	599	1	§	§	PROPN
taxlaw-2830	599	2	243	243	NUM
taxlaw-2830	599	3	(	(	PUNCT
taxlaw-2830	599	4	2012	2012	NUM
taxlaw-2830	599	5	)	)	PUNCT
taxlaw-2830	599	6	.	.	PUNCT
taxlaw-2830	600	1	if	if	SCONJ
taxlaw-2830	600	2	congress	congress	PROPN
taxlaw-2830	600	3	wanted	want	VERB
taxlaw-2830	600	4	to	to	PART
taxlaw-2830	600	5	entirely	entirely	ADV
taxlaw-2830	600	6	exempt	exempt	VERB
taxlaw-2830	600	7	dividend	dividend	NOUN
taxlaw-2830	600	8	income	income	NOUN
taxlaw-2830	600	9	from	from	ADP
taxlaw-2830	600	10	an	an	DET
taxlaw-2830	600	11	additional	additional	ADJ
taxlaw-2830	600	12	level	level	NOUN
taxlaw-2830	600	13	of	of	ADP
taxlaw-2830	600	14	tax	tax	NOUN
taxlaw-2830	600	15	,	,	PUNCT
taxlaw-2830	600	16	section	section	NOUN
taxlaw-2830	600	17	243	243	NUM
taxlaw-2830	600	18	could	could	AUX
taxlaw-2830	600	19	be	be	AUX
taxlaw-2830	600	20	modified	modify	VERB
taxlaw-2830	600	21	to	to	PART
taxlaw-2830	600	22	expand	expand	VERB
taxlaw-2830	600	23	the	the	DET
taxlaw-2830	600	24	circumstances	circumstance	NOUN
taxlaw-2830	600	25	in	in	ADP
taxlaw-2830	600	26	which	which	PRON
taxlaw-2830	600	27	the	the	DET
taxlaw-2830	600	28	recipient	recipient	NOUN
taxlaw-2830	600	29	corporation	corporation	NOUN
taxlaw-2830	600	30	can	can	AUX
taxlaw-2830	600	31	deduct	deduct	VERB
taxlaw-2830	600	32	100	100	NUM
taxlaw-2830	600	33	percent	percent	NOUN
taxlaw-2830	600	34	of	of	ADP
taxlaw-2830	600	35	the	the	DET
taxlaw-2830	600	36	dividend	dividend	NOUN
taxlaw-2830	600	37	income	income	NOUN
taxlaw-2830	600	38	it	it	PRON
taxlaw-2830	600	39	receives	receive	VERB
taxlaw-2830	600	40	.	.	PUNCT
taxlaw-2830	601	1	2015	2015	NUM
taxlaw-2830	601	2	]	]	PUNCT
taxlaw-2830	601	3	taxing	tax	VERB
taxlaw-2830	601	4	publicly	publicly	ADV
taxlaw-2830	601	5	traded	trade	VERB
taxlaw-2830	601	6	entities	entity	NOUN
taxlaw-2830	601	7	167	167	NUM
taxlaw-2830	601	8	and	and	CCONJ
taxlaw-2830	601	9	those	those	DET
taxlaw-2830	601	10	activities	activity	NOUN
taxlaw-2830	601	11	more	more	ADV
taxlaw-2830	601	12	typically	typically	ADV
taxlaw-2830	601	13	conducted	conduct	VERB
taxlaw-2830	601	14	in	in	ADP
taxlaw-2830	601	15	corporate	corporate	ADJ
taxlaw-2830	601	16	form	form	NOUN
taxlaw-2830	601	17	that	that	PRON
taxlaw-2830	601	18	are	be	AUX
taxlaw-2830	601	19	in	in	ADP
taxlaw-2830	601	20	the	the	DET
taxlaw-2830	601	21	nature	nature	NOUN
taxlaw-2830	601	22	of	of	ADP
taxlaw-2830	601	23	active	active	ADJ
taxlaw-2830	601	24	business	business	NOUN
taxlaw-2830	601	25	activities	activity	NOUN
taxlaw-2830	601	26	.	.	PUNCT
taxlaw-2830	602	1	in	in	ADP
taxlaw-2830	602	2	the	the	DET
taxlaw-2830	602	3	former	former	ADJ
taxlaw-2830	602	4	case	case	NOUN
taxlaw-2830	602	5	,	,	PUNCT
taxlaw-2830	602	6	the	the	DET
taxlaw-2830	602	7	rationale	rationale	NOUN
taxlaw-2830	602	8	for	for	ADP
taxlaw-2830	602	9	imposing	impose	VERB
taxlaw-2830	602	10	an	an	DET
taxlaw-2830	602	11	additional	additional	ADJ
taxlaw-2830	602	12	corporate	corporate	ADJ
taxlaw-2830	602	13	-	-	PUNCT
taxlaw-2830	602	14	level	level	NOUN
taxlaw-2830	602	15	tax	tax	NOUN
taxlaw-2830	602	16	on	on	ADP
taxlaw-2830	602	17	investments	investment	NOUN
taxlaw-2830	602	18	in	in	ADP
taxlaw-2830	602	19	publicly	publicly	ADV
taxlaw-2830	602	20	traded	trade	VERB
taxlaw-2830	602	21	partnership	partnership	NOUN
taxlaw-2830	602	22	form	form	NOUN
taxlaw-2830	602	23	is	be	AUX
taxlaw-2830	602	24	less	less	ADV
taxlaw-2830	602	25	compelling	compelling	ADJ
taxlaw-2830	602	26	,	,	PUNCT
taxlaw-2830	602	27	because	because	SCONJ
taxlaw-2830	602	28	purchasers	purchaser	NOUN
taxlaw-2830	602	29	of	of	ADP
taxlaw-2830	602	30	such	such	ADJ
taxlaw-2830	602	31	partnership	partnership	NOUN
taxlaw-2830	602	32	interests	interest	NOUN
taxlaw-2830	602	33	could	could	AUX
taxlaw-2830	602	34	in	in	ADP
taxlaw-2830	602	35	most	most	ADJ
taxlaw-2830	602	36	cases	case	NOUN
taxlaw-2830	602	37	independently	independently	ADV
taxlaw-2830	602	38	acquire	acquire	VERB
taxlaw-2830	602	39	such	such	ADJ
taxlaw-2830	602	40	investments	investment	NOUN
taxlaw-2830	602	41	.	.	PUNCT
taxlaw-2830	603	1	107	107	NUM
taxlaw-2830	603	2	this	this	DET
taxlaw-2830	603	3	statement	statement	NOUN
taxlaw-2830	603	4	suggests	suggest	VERB
taxlaw-2830	603	5	that	that	SCONJ
taxlaw-2830	603	6	qualifying	qualify	VERB
taxlaw-2830	603	7	income	income	NOUN
taxlaw-2830	603	8	ought	ought	AUX
taxlaw-2830	603	9	to	to	PART
taxlaw-2830	603	10	include	include	VERB
taxlaw-2830	603	11	only	only	ADV
taxlaw-2830	603	12	passivetype	passivetype	NOUN
taxlaw-2830	603	13	income	income	NOUN
taxlaw-2830	603	14	that	that	PRON
taxlaw-2830	603	15	owners	owner	NOUN
taxlaw-2830	603	16	of	of	ADP
taxlaw-2830	603	17	the	the	DET
taxlaw-2830	603	18	publicly	publicly	ADV
taxlaw-2830	603	19	traded	trade	VERB
taxlaw-2830	603	20	partnership	partnership	NOUN
taxlaw-2830	603	21	could	could	AUX
taxlaw-2830	603	22	earn	earn	VERB
taxlaw-2830	603	23	directly	directly	ADV
taxlaw-2830	603	24	,	,	PUNCT
taxlaw-2830	603	25	rather	rather	ADV
taxlaw-2830	603	26	than	than	ADP
taxlaw-2830	603	27	indirectly	indirectly	ADV
taxlaw-2830	603	28	by	by	ADP
taxlaw-2830	603	29	purchasing	purchase	VERB
taxlaw-2830	603	30	interests	interest	NOUN
taxlaw-2830	603	31	in	in	ADP
taxlaw-2830	603	32	a	a	DET
taxlaw-2830	603	33	publicly	publicly	ADV
taxlaw-2830	603	34	traded	trade	VERB
taxlaw-2830	603	35	entity	entity	NOUN
taxlaw-2830	603	36	.	.	PUNCT
taxlaw-2830	604	1	granting	grant	VERB
taxlaw-2830	604	2	special	special	ADJ
taxlaw-2830	604	3	tax	tax	NOUN
taxlaw-2830	604	4	treatment	treatment	NOUN
taxlaw-2830	604	5	to	to	ADP
taxlaw-2830	604	6	qualifying	qualify	VERB
taxlaw-2830	604	7	income	income	NOUN
taxlaw-2830	604	8	for	for	ADP
taxlaw-2830	604	9	this	this	DET
taxlaw-2830	604	10	reason	reason	NOUN
taxlaw-2830	604	11	may	may	AUX
taxlaw-2830	604	12	be	be	AUX
taxlaw-2830	604	13	based	base	VERB
taxlaw-2830	604	14	on	on	ADP
taxlaw-2830	604	15	the	the	DET
taxlaw-2830	604	16	notion	notion	NOUN
taxlaw-2830	604	17	that	that	SCONJ
taxlaw-2830	604	18	,	,	PUNCT
taxlaw-2830	604	19	if	if	SCONJ
taxlaw-2830	604	20	the	the	DET
taxlaw-2830	604	21	owners	owner	NOUN
taxlaw-2830	604	22	did	do	AUX
taxlaw-2830	604	23	earn	earn	VERB
taxlaw-2830	604	24	the	the	DET
taxlaw-2830	604	25	income	income	NOUN
taxlaw-2830	604	26	directly	directly	ADV
taxlaw-2830	604	27	,	,	PUNCT
taxlaw-2830	604	28	it	it	PRON
taxlaw-2830	604	29	would	would	AUX
taxlaw-2830	604	30	not	not	PART
taxlaw-2830	604	31	be	be	AUX
taxlaw-2830	604	32	subject	subject	ADJ
taxlaw-2830	604	33	to	to	ADP
taxlaw-2830	604	34	corporate	corporate	ADJ
taxlaw-2830	604	35	-	-	PUNCT
taxlaw-2830	604	36	level	level	NOUN
taxlaw-2830	604	37	tax	tax	NOUN
taxlaw-2830	604	38	.	.	PUNCT
taxlaw-2830	605	1	therefore	therefore	ADV
taxlaw-2830	605	2	,	,	PUNCT
taxlaw-2830	605	3	according	accord	VERB
taxlaw-2830	605	4	to	to	ADP
taxlaw-2830	605	5	this	this	DET
taxlaw-2830	605	6	rationale	rationale	NOUN
taxlaw-2830	605	7	,	,	PUNCT
taxlaw-2830	605	8	it	it	PRON
taxlaw-2830	605	9	should	should	AUX
taxlaw-2830	605	10	not	not	PART
taxlaw-2830	605	11	be	be	AUX
taxlaw-2830	605	12	subject	subject	ADJ
taxlaw-2830	605	13	to	to	ADP
taxlaw-2830	605	14	corporate	corporate	ADJ
taxlaw-2830	605	15	-	-	PUNCT
taxlaw-2830	605	16	level	level	NOUN
taxlaw-2830	605	17	tax	tax	NOUN
taxlaw-2830	605	18	when	when	SCONJ
taxlaw-2830	605	19	the	the	DET
taxlaw-2830	605	20	owners	owner	NOUN
taxlaw-2830	605	21	earn	earn	VERB
taxlaw-2830	605	22	it	it	PRON
taxlaw-2830	605	23	indirectly	indirectly	ADV
taxlaw-2830	605	24	through	through	ADP
taxlaw-2830	605	25	a	a	DET
taxlaw-2830	605	26	publicly	publicly	ADV
taxlaw-2830	605	27	-	-	PUNCT
taxlaw-2830	605	28	traded	trade	VERB
taxlaw-2830	605	29	entity	entity	NOUN
taxlaw-2830	605	30	.	.	PUNCT
taxlaw-2830	606	1	108	108	NUM
taxlaw-2830	606	2	this	this	DET
taxlaw-2830	606	3	rationale	rationale	NOUN
taxlaw-2830	606	4	may	may	AUX
taxlaw-2830	606	5	be	be	AUX
taxlaw-2830	606	6	convincing	convincing	ADJ
taxlaw-2830	606	7	in	in	ADP
taxlaw-2830	606	8	the	the	DET
taxlaw-2830	606	9	case	case	NOUN
taxlaw-2830	606	10	of	of	ADP
taxlaw-2830	606	11	income	income	NOUN
taxlaw-2830	606	12	that	that	PRON
taxlaw-2830	606	13	owners	owner	NOUN
taxlaw-2830	606	14	of	of	ADP
taxlaw-2830	606	15	the	the	DET
taxlaw-2830	606	16	publicly	publicly	ADV
taxlaw-2830	606	17	traded	trade	VERB
taxlaw-2830	606	18	entity	entity	NOUN
taxlaw-2830	606	19	could	could	AUX
taxlaw-2830	606	20	,	,	PUNCT
taxlaw-2830	606	21	in	in	ADP
taxlaw-2830	606	22	fact	fact	NOUN
taxlaw-2830	606	23	,	,	PUNCT
taxlaw-2830	606	24	earn	earn	VERB
taxlaw-2830	606	25	directly	directly	ADV
taxlaw-2830	606	26	.	.	PUNCT
taxlaw-2830	607	1	however	however	ADV
taxlaw-2830	607	2	,	,	PUNCT
taxlaw-2830	607	3	the	the	DET
taxlaw-2830	607	4	current	current	ADJ
taxlaw-2830	607	5	definition	definition	NOUN
taxlaw-2830	607	6	of	of	ADP
taxlaw-2830	607	7	―qualifying	―qualifye	VERB
taxlaw-2830	607	8	income‖	income‖	X
taxlaw-2830	607	9	is	be	AUX
taxlaw-2830	607	10	much	much	ADV
taxlaw-2830	607	11	broader	broad	ADJ
taxlaw-2830	607	12	than	than	ADP
taxlaw-2830	607	13	what	what	PRON
taxlaw-2830	607	14	this	this	DET
taxlaw-2830	607	15	rationale	rationale	NOUN
taxlaw-2830	607	16	warrants	warrant	NOUN
taxlaw-2830	607	17	because	because	SCONJ
taxlaw-2830	607	18	it	it	PRON
taxlaw-2830	607	19	includes	include	VERB
taxlaw-2830	607	20	many	many	ADJ
taxlaw-2830	607	21	types	type	NOUN
taxlaw-2830	607	22	of	of	ADP
taxlaw-2830	607	23	income	income	NOUN
taxlaw-2830	607	24	that	that	PRON
taxlaw-2830	607	25	owners	owner	NOUN
taxlaw-2830	607	26	of	of	ADP
taxlaw-2830	607	27	an	an	DET
taxlaw-2830	607	28	entity	entity	NOUN
taxlaw-2830	607	29	could	could	AUX
taxlaw-2830	607	30	not	not	PART
taxlaw-2830	607	31	earn	earn	VERB
taxlaw-2830	607	32	directly	directly	ADV
taxlaw-2830	607	33	,	,	PUNCT
taxlaw-2830	607	34	as	as	SCONJ
taxlaw-2830	607	35	discussed	discuss	VERB
taxlaw-2830	607	36	in	in	ADP
taxlaw-2830	607	37	more	more	ADJ
taxlaw-2830	607	38	detail	detail	NOUN
taxlaw-2830	607	39	below	below	ADV
taxlaw-2830	607	40	.	.	PUNCT
taxlaw-2830	608	1	109	109	NUM
taxlaw-2830	608	2	the	the	DET
taxlaw-2830	608	3	legislative	legislative	ADJ
taxlaw-2830	608	4	history	history	NOUN
taxlaw-2830	608	5	accompanying	accompany	VERB
taxlaw-2830	608	6	the	the	DET
taxlaw-2830	608	7	adoption	adoption	NOUN
taxlaw-2830	608	8	of	of	ADP
taxlaw-2830	608	9	the	the	DET
taxlaw-2830	608	10	reit	reit	PROPN
taxlaw-2830	608	11	rules	rule	NOUN
taxlaw-2830	608	12	suggests	suggest	VERB
taxlaw-2830	608	13	a	a	DET
taxlaw-2830	608	14	third	third	ADJ
taxlaw-2830	608	15	rationale	rationale	NOUN
taxlaw-2830	608	16	that	that	PRON
taxlaw-2830	608	17	may	may	AUX
taxlaw-2830	608	18	explain	explain	VERB
taxlaw-2830	608	19	granting	grant	VERB
taxlaw-2830	608	20	more	more	ADV
taxlaw-2830	608	21	beneficial	beneficial	ADJ
taxlaw-2830	608	22	tax	tax	NOUN
taxlaw-2830	608	23	treatment	treatment	NOUN
taxlaw-2830	608	24	to	to	ADP
taxlaw-2830	608	25	certain	certain	ADJ
taxlaw-2830	608	26	publicly	publicly	ADV
taxlaw-2830	608	27	traded	trade	VERB
taxlaw-2830	608	28	entities	entity	NOUN
taxlaw-2830	608	29	.	.	PUNCT
taxlaw-2830	609	1	in	in	ADP
taxlaw-2830	609	2	particular	particular	ADJ
taxlaw-2830	609	3	,	,	PUNCT
taxlaw-2830	609	4	the	the	DET
taxlaw-2830	609	5	legislative	legislative	ADJ
taxlaw-2830	609	6	history	history	NOUN
taxlaw-2830	609	7	suggests	suggest	VERB
taxlaw-2830	609	8	that	that	SCONJ
taxlaw-2830	609	9	congress	congress	PROPN
taxlaw-2830	609	10	wanted	want	VERB
taxlaw-2830	609	11	to	to	PART
taxlaw-2830	609	12	provide	provide	VERB
taxlaw-2830	609	13	small	small	ADJ
taxlaw-2830	609	14	investors	investor	NOUN
taxlaw-2830	609	15	with	with	ADP
taxlaw-2830	609	16	an	an	DET
taxlaw-2830	609	17	avenue	avenue	NOUN
taxlaw-2830	609	18	to	to	PART
taxlaw-2830	609	19	invest	invest	VERB
taxlaw-2830	609	20	in	in	ADP
taxlaw-2830	609	21	real	real	ADJ
taxlaw-2830	609	22	estate	estate	NOUN
taxlaw-2830	609	23	without	without	ADP
taxlaw-2830	609	24	holding	hold	VERB
taxlaw-2830	609	25	the	the	DET
taxlaw-2830	609	26	real	real	ADJ
taxlaw-2830	609	27	estate	estate	NOUN
taxlaw-2830	609	28	through	through	ADP
taxlaw-2830	609	29	an	an	DET
taxlaw-2830	609	30	entity	entity	NOUN
taxlaw-2830	609	31	that	that	PRON
taxlaw-2830	609	32	was	be	AUX
taxlaw-2830	609	33	subject	subject	ADJ
taxlaw-2830	609	34	to	to	ADP
taxlaw-2830	609	35	corporate	corporate	ADJ
taxlaw-2830	609	36	-	-	PUNCT
taxlaw-2830	609	37	level	level	NOUN
taxlaw-2830	609	38	tax	tax	NOUN
taxlaw-2830	609	39	.	.	PUNCT
taxlaw-2830	610	1	110	110	NUM
taxlaw-2830	610	2	given	give	VERB
taxlaw-2830	610	3	that	that	SCONJ
taxlaw-2830	610	4	an	an	DET
taxlaw-2830	610	5	individual	individual	NOUN
taxlaw-2830	610	6	who	who	PRON
taxlaw-2830	610	7	is	be	AUX
taxlaw-2830	610	8	not	not	PART
taxlaw-2830	610	9	particularly	particularly	ADV
taxlaw-2830	610	10	wealthy	wealthy	ADJ
taxlaw-2830	610	11	can	can	AUX
taxlaw-2830	610	12	afford	afford	VERB
taxlaw-2830	610	13	to	to	PART
taxlaw-2830	610	14	own	own	VERB
taxlaw-2830	610	15	only	only	ADV
taxlaw-2830	610	16	a	a	DET
taxlaw-2830	610	17	small	small	ADJ
taxlaw-2830	610	18	interest	interest	NOUN
taxlaw-2830	610	19	in	in	ADP
taxlaw-2830	610	20	real	real	ADJ
taxlaw-2830	610	21	estate	estate	NOUN
taxlaw-2830	610	22	,	,	PUNCT
taxlaw-2830	610	23	such	such	DET
taxlaw-2830	610	24	an	an	DET
taxlaw-2830	610	25	individual	individual	NOUN
taxlaw-2830	610	26	can	can	AUX
taxlaw-2830	610	27	only	only	ADV
taxlaw-2830	610	28	invest	invest	VERB
taxlaw-2830	610	29	in	in	ADP
taxlaw-2830	610	30	real	real	ADJ
taxlaw-2830	610	31	estate	estate	NOUN
taxlaw-2830	610	32	through	through	ADP
taxlaw-2830	610	33	a	a	DET
taxlaw-2830	610	34	publicly	publicly	ADV
taxlaw-2830	610	35	traded	trade	VERB
taxlaw-2830	610	36	entity	entity	NOUN
taxlaw-2830	610	37	.	.	PUNCT
taxlaw-2830	611	1	thus	thus	ADV
taxlaw-2830	611	2	,	,	PUNCT
taxlaw-2830	611	3	without	without	ADP
taxlaw-2830	611	4	the	the	DET
taxlaw-2830	611	5	special	special	ADJ
taxlaw-2830	611	6	reit	reit	NOUN
taxlaw-2830	611	7	provisions	provision	NOUN
taxlaw-2830	611	8	,	,	PUNCT
taxlaw-2830	611	9	such	such	DET
taxlaw-2830	611	10	an	an	DET
taxlaw-2830	611	11	individual	individual	NOUN
taxlaw-2830	611	12	could	could	AUX
taxlaw-2830	611	13	only	only	ADV
taxlaw-2830	611	14	invest	invest	VERB
taxlaw-2830	611	15	in	in	ADP
taxlaw-2830	611	16	real	real	ADJ
taxlaw-2830	611	17	estate	estate	NOUN
taxlaw-2830	611	18	through	through	ADP
taxlaw-2830	611	19	an	an	DET
taxlaw-2830	611	20	entity	entity	NOUN
taxlaw-2830	611	21	that	that	PRON
taxlaw-2830	611	22	was	be	AUX
taxlaw-2830	611	23	subject	subject	ADJ
taxlaw-2830	611	24	to	to	ADP
taxlaw-2830	611	25	entity	entity	NOUN
taxlaw-2830	611	26	-	-	PUNCT
taxlaw-2830	611	27	level	level	NOUN
taxlaw-2830	611	28	tax	tax	NOUN
taxlaw-2830	611	29	.	.	PUNCT
taxlaw-2830	612	1	by	by	ADP
taxlaw-2830	612	2	contrast	contrast	NOUN
taxlaw-2830	612	3	,	,	PUNCT
taxlaw-2830	612	4	a	a	DET
taxlaw-2830	612	5	wealthy	wealthy	ADJ
taxlaw-2830	612	6	individual	individual	NOUN
taxlaw-2830	612	7	who	who	PRON
taxlaw-2830	612	8	can	can	AUX
taxlaw-2830	612	9	afford	afford	VERB
taxlaw-2830	612	10	to	to	PART
taxlaw-2830	612	11	own	own	VERB
taxlaw-2830	612	12	a	a	DET
taxlaw-2830	612	13	large	large	ADJ
taxlaw-2830	612	14	stake	stake	NOUN
taxlaw-2830	612	15	in	in	ADP
taxlaw-2830	612	16	real	real	ADJ
taxlaw-2830	612	17	estate	estate	NOUN
taxlaw-2830	612	18	could	could	AUX
taxlaw-2830	612	19	invest	invest	VERB
taxlaw-2830	612	20	,	,	PUNCT
taxlaw-2830	612	21	along	along	ADP
taxlaw-2830	612	22	with	with	ADP
taxlaw-2830	612	23	a	a	DET
taxlaw-2830	612	24	small	small	ADJ
taxlaw-2830	612	25	number	number	NOUN
taxlaw-2830	612	26	of	of	ADP
taxlaw-2830	612	27	other	other	ADJ
taxlaw-2830	612	28	wealthy	wealthy	ADJ
taxlaw-2830	612	29	individuals	individual	NOUN
taxlaw-2830	612	30	,	,	PUNCT
taxlaw-2830	612	31	in	in	ADP
taxlaw-2830	612	32	a	a	DET
taxlaw-2830	612	33	real	real	ADJ
taxlaw-2830	612	34	-	-	PUNCT
taxlaw-2830	612	35	estate	estate	NOUN
taxlaw-2830	612	36	-	-	PUNCT
taxlaw-2830	612	37	owning	own	VERB
taxlaw-2830	612	38	entity	entity	NOUN
taxlaw-2830	612	39	treated	treat	VERB
taxlaw-2830	612	40	as	as	ADP
taxlaw-2830	612	41	a	a	DET
taxlaw-2830	612	42	partnership	partnership	NOUN
taxlaw-2830	612	43	for	for	ADP
taxlaw-2830	612	44	tax	tax	NOUN
taxlaw-2830	612	45	purposes	purpose	NOUN
taxlaw-2830	612	46	.	.	PUNCT
taxlaw-2830	613	1	the	the	DET
taxlaw-2830	613	2	reit	reit	PROPN
taxlaw-2830	613	3	provisions	provision	NOUN
taxlaw-2830	613	4	result	result	VERB
taxlaw-2830	613	5	in	in	ADP
taxlaw-2830	613	6	greater	great	ADJ
taxlaw-2830	613	7	parity	parity	NOUN
taxlaw-2830	613	8	between	between	ADP
taxlaw-2830	613	9	the	the	DET
taxlaw-2830	613	10	tax	tax	NOUN
taxlaw-2830	613	11	treatment	treatment	NOUN
taxlaw-2830	613	12	of	of	ADP
taxlaw-2830	613	13	partnerships	partnership	NOUN
taxlaw-2830	613	14	that	that	PRON
taxlaw-2830	613	15	own	own	VERB
taxlaw-2830	613	16	real	real	ADJ
taxlaw-2830	613	17	estate	estate	NOUN
taxlaw-2830	613	18	(	(	PUNCT
taxlaw-2830	613	19	a	a	DET
taxlaw-2830	613	20	vehicle	vehicle	NOUN
taxlaw-2830	613	21	that	that	PRON
taxlaw-2830	613	22	is	be	AUX
taxlaw-2830	613	23	functionally	functionally	ADV
taxlaw-2830	613	24	available	available	ADJ
taxlaw-2830	613	25	to	to	ADP
taxlaw-2830	613	26	only	only	ADV
taxlaw-2830	613	27	the	the	DET
taxlaw-2830	613	28	very	very	ADV
taxlaw-2830	613	29	wealthy	wealthy	ADJ
taxlaw-2830	613	30	)	)	PUNCT
taxlaw-2830	613	31	and	and	CCONJ
taxlaw-2830	613	32	publicly	publicly	ADV
taxlaw-2830	613	33	traded	trade	VERB
taxlaw-2830	613	34	entities	entity	NOUN
taxlaw-2830	613	35	that	that	PRON
taxlaw-2830	613	36	own	own	VERB
taxlaw-2830	613	37	real	real	ADJ
taxlaw-2830	613	38	estate	estate	NOUN
taxlaw-2830	613	39	(	(	PUNCT
taxlaw-2830	613	40	a	a	DET
taxlaw-2830	613	41	vehicle	vehicle	NOUN
taxlaw-2830	613	42	that	that	PRON
taxlaw-2830	613	43	is	be	AUX
taxlaw-2830	613	44	accessible	accessible	ADJ
taxlaw-2830	613	45	to	to	ADP
taxlaw-2830	613	46	individuals	individual	NOUN
taxlaw-2830	613	47	other	other	ADJ
taxlaw-2830	613	48	than	than	ADP
taxlaw-2830	613	49	the	the	DET
taxlaw-2830	613	50	very	very	ADV
taxlaw-2830	613	51	wealthy	wealthy	ADJ
taxlaw-2830	613	52	)	)	PUNCT
taxlaw-2830	613	53	.	.	PUNCT
taxlaw-2830	614	1	this	this	DET
taxlaw-2830	614	2	rationale	rationale	NOUN
taxlaw-2830	614	3	,	,	PUNCT
taxlaw-2830	614	4	however	however	ADV
taxlaw-2830	614	5	,	,	PUNCT
taxlaw-2830	614	6	is	be	AUX
taxlaw-2830	614	7	only	only	ADV
taxlaw-2830	614	8	convincing	convincing	ADJ
taxlaw-2830	614	9	if	if	SCONJ
taxlaw-2830	614	10	individuals	individual	NOUN
taxlaw-2830	614	11	of	of	ADP
taxlaw-2830	614	12	modest	modest	ADJ
taxlaw-2830	614	13	means	mean	NOUN
taxlaw-2830	614	14	do	do	AUX
taxlaw-2830	614	15	,	,	PUNCT
taxlaw-2830	614	16	in	in	ADP
taxlaw-2830	614	17	fact	fact	NOUN
taxlaw-2830	614	18	,	,	PUNCT
taxlaw-2830	614	19	invest	invest	VERB
taxlaw-2830	614	20	in	in	ADP
taxlaw-2830	614	21	publicly	publicly	ADV
taxlaw-2830	614	22	traded	trade	VERB
taxlaw-2830	614	23	reits	reit	NOUN
taxlaw-2830	614	24	to	to	ADP
taxlaw-2830	614	25	a	a	DET
taxlaw-2830	614	26	significant	significant	ADJ
taxlaw-2830	614	27	extent	extent	NOUN
taxlaw-2830	614	28	,	,	PUNCT
taxlaw-2830	614	29	which	which	PRON
taxlaw-2830	614	30	is	be	AUX
taxlaw-2830	614	31	doubtful	doubtful	ADJ
taxlaw-2830	614	32	.	.	PUNCT
taxlaw-2830	615	1	111	111	NUM
taxlaw-2830	615	2	107	107	NUM
taxlaw-2830	615	3	h.r	h.r	PROPN
taxlaw-2830	615	4	.	.	PROPN
taxlaw-2830	615	5	rep	rep	PROPN
taxlaw-2830	615	6	.	.	PUNCT
taxlaw-2830	616	1	no	no	INTJ
taxlaw-2830	616	2	.	.	NOUN
taxlaw-2830	617	1	100	100	NUM
taxlaw-2830	617	2	-	-	SYM
taxlaw-2830	617	3	391	391	NUM
taxlaw-2830	617	4	,	,	PUNCT
taxlaw-2830	617	5	pt	pt	NOUN
taxlaw-2830	617	6	.	.	PROPN
taxlaw-2830	617	7	2	2	NUM
taxlaw-2830	617	8	,	,	PUNCT
taxlaw-2830	617	9	at	at	ADP
taxlaw-2830	617	10	1068	1068	NUM
taxlaw-2830	617	11	(	(	PUNCT
taxlaw-2830	617	12	1987	1987	NUM
taxlaw-2830	617	13	)	)	PUNCT
taxlaw-2830	617	14	.	.	PUNCT
taxlaw-2830	618	1	108	108	NUM
taxlaw-2830	618	2	more	more	ADV
taxlaw-2830	618	3	precisely	precisely	ADV
taxlaw-2830	618	4	,	,	PUNCT
taxlaw-2830	618	5	given	give	VERB
taxlaw-2830	618	6	the	the	DET
taxlaw-2830	618	7	manner	manner	NOUN
taxlaw-2830	618	8	in	in	ADP
taxlaw-2830	618	9	which	which	PRON
taxlaw-2830	618	10	the	the	DET
taxlaw-2830	618	11	rules	rule	NOUN
taxlaw-2830	618	12	are	be	AUX
taxlaw-2830	618	13	implemented	implement	VERB
taxlaw-2830	618	14	,	,	PUNCT
taxlaw-2830	618	15	the	the	DET
taxlaw-2830	618	16	income	income	NOUN
taxlaw-2830	618	17	is	be	AUX
taxlaw-2830	618	18	not	not	PART
taxlaw-2830	618	19	subject	subject	ADJ
taxlaw-2830	618	20	to	to	ADP
taxlaw-2830	618	21	corporate	corporate	ADJ
taxlaw-2830	618	22	tax	tax	NOUN
taxlaw-2830	618	23	when	when	SCONJ
taxlaw-2830	618	24	earned	earn	VERB
taxlaw-2830	618	25	indirectly	indirectly	ADV
taxlaw-2830	618	26	through	through	ADP
taxlaw-2830	618	27	a	a	DET
taxlaw-2830	618	28	publicly	publicly	ADV
taxlaw-2830	618	29	traded	trade	VERB
taxlaw-2830	618	30	entity	entity	NOUN
taxlaw-2830	618	31	as	as	ADV
taxlaw-2830	618	32	long	long	ADV
taxlaw-2830	618	33	as	as	SCONJ
taxlaw-2830	618	34	the	the	DET
taxlaw-2830	618	35	entity	entity	NOUN
taxlaw-2830	618	36	earns	earn	VERB
taxlaw-2830	618	37	primarily	primarily	ADV
taxlaw-2830	618	38	qualifying	qualify	VERB
taxlaw-2830	618	39	income	income	NOUN
taxlaw-2830	618	40	.	.	PUNCT
taxlaw-2830	619	1	109	109	NUM
taxlaw-2830	619	2	see	see	NOUN
taxlaw-2830	619	3	infra	infra	NOUN
taxlaw-2830	619	4	part	part	NOUN
taxlaw-2830	619	5	iv.a	iv.a	VERB
taxlaw-2830	619	6	.	.	PUNCT
taxlaw-2830	620	1	110	110	NUM
taxlaw-2830	620	2	h.r	h.r	PROPN
taxlaw-2830	620	3	.	.	PROPN
taxlaw-2830	620	4	rep	rep	PROPN
taxlaw-2830	620	5	.	.	PUNCT
taxlaw-2830	621	1	no	no	INTJ
taxlaw-2830	621	2	.	.	NOUN
taxlaw-2830	622	1	2020	2020	NUM
taxlaw-2830	622	2	,	,	PUNCT
taxlaw-2830	622	3	86th	86th	ADJ
taxlaw-2830	622	4	cong	cong	NOUN
taxlaw-2830	622	5	.	.	PROPN
taxlaw-2830	622	6	,	,	PUNCT
taxlaw-2830	622	7	2d	2d	PROPN
taxlaw-2830	622	8	sess	sess	NOUN
taxlaw-2830	622	9	.	.	PUNCT
taxlaw-2830	623	1	3	3	NUM
taxlaw-2830	623	2	(	(	PUNCT
taxlaw-2830	623	3	1960	1960	NUM
taxlaw-2830	623	4	)	)	PUNCT
taxlaw-2830	623	5	(	(	PUNCT
taxlaw-2830	623	6	―[r]eal	―[r]eal	ADJ
taxlaw-2830	623	7	estate	estate	NOUN
taxlaw-2830	623	8	investment	investment	NOUN
taxlaw-2830	623	9	trusts	trust	NOUN
taxlaw-2830	623	10	.	.	PUNCT
taxlaw-2830	623	11	.	.	PUNCT
taxlaw-2830	623	12	.	.	PUNCT
taxlaw-2830	624	1	constitute	constitute	VERB
taxlaw-2830	624	2	pooling	pool	VERB
taxlaw-2830	624	3	arrangements	arrangement	NOUN
taxlaw-2830	624	4	whereby	whereby	SCONJ
taxlaw-2830	624	5	small	small	ADJ
taxlaw-2830	624	6	investors	investor	NOUN
taxlaw-2830	624	7	can	can	AUX
taxlaw-2830	624	8	secure	secure	VERB
taxlaw-2830	624	9	advantages	advantage	NOUN
taxlaw-2830	624	10	normally	normally	ADV
taxlaw-2830	624	11	available	available	ADJ
taxlaw-2830	624	12	only	only	ADV
taxlaw-2830	624	13	to	to	ADP
taxlaw-2830	624	14	those	those	PRON
taxlaw-2830	624	15	with	with	ADP
taxlaw-2830	624	16	larger	large	ADJ
taxlaw-2830	624	17	resources	resource	NOUN
taxlaw-2830	624	18	.	.	PUNCT
taxlaw-2830	625	1	these	these	DET
taxlaw-2830	625	2	advantages	advantage	NOUN
taxlaw-2830	625	3	include	include	VERB
taxlaw-2830	625	4	the	the	DET
taxlaw-2830	625	5	spreading	spreading	NOUN
taxlaw-2830	625	6	of	of	ADP
taxlaw-2830	625	7	the	the	DET
taxlaw-2830	625	8	risk	risk	NOUN
taxlaw-2830	625	9	of	of	ADP
taxlaw-2830	625	10	loss	loss	NOUN
taxlaw-2830	625	11	by	by	ADP
taxlaw-2830	625	12	the	the	DET
taxlaw-2830	625	13	greater	great	ADJ
taxlaw-2830	625	14	diversification	diversification	NOUN
taxlaw-2830	625	15	of	of	ADP
taxlaw-2830	625	16	investment	investment	NOUN
taxlaw-2830	625	17	which	which	PRON
taxlaw-2830	625	18	can	can	AUX
taxlaw-2830	625	19	be	be	AUX
taxlaw-2830	625	20	secured	secure	VERB
taxlaw-2830	625	21	through	through	ADP
taxlaw-2830	625	22	the	the	DET
taxlaw-2830	625	23	pooling	pooling	NOUN
taxlaw-2830	625	24	arrangements	arrangement	NOUN
taxlaw-2830	625	25	;	;	PUNCT
taxlaw-2830	625	26	the	the	DET
taxlaw-2830	625	27	opportunity	opportunity	NOUN
taxlaw-2830	625	28	to	to	PART
taxlaw-2830	625	29	secure	secure	VERB
taxlaw-2830	625	30	the	the	DET
taxlaw-2830	625	31	benefits	benefit	NOUN
taxlaw-2830	625	32	of	of	ADP
taxlaw-2830	625	33	expert	expert	ADJ
taxlaw-2830	625	34	investment	investment	NOUN
taxlaw-2830	625	35	counsel	counsel	NOUN
taxlaw-2830	625	36	;	;	PUNCT
taxlaw-2830	625	37	and	and	CCONJ
taxlaw-2830	625	38	the	the	DET
taxlaw-2830	625	39	means	mean	NOUN
taxlaw-2830	625	40	of	of	ADP
taxlaw-2830	625	41	collectively	collectively	ADV
taxlaw-2830	625	42	financing	financing	NOUN
taxlaw-2830	625	43	projects	project	NOUN
taxlaw-2830	625	44	which	which	PRON
taxlaw-2830	625	45	the	the	DET
taxlaw-2830	625	46	investors	investor	NOUN
taxlaw-2830	625	47	could	could	AUX
taxlaw-2830	625	48	not	not	PART
taxlaw-2830	625	49	undertake	undertake	VERB
taxlaw-2830	625	50	singly.‖	singly.‖	NOUN
taxlaw-2830	625	51	)	)	PUNCT
taxlaw-2830	625	52	.	.	PUNCT
taxlaw-2830	626	1	for	for	ADP
taxlaw-2830	626	2	more	more	ADV
taxlaw-2830	626	3	detailed	detailed	ADJ
taxlaw-2830	626	4	discussion	discussion	NOUN
taxlaw-2830	626	5	of	of	ADP
taxlaw-2830	626	6	the	the	DET
taxlaw-2830	626	7	debate	debate	NOUN
taxlaw-2830	626	8	surrounding	surround	VERB
taxlaw-2830	626	9	the	the	DET
taxlaw-2830	626	10	adoption	adoption	NOUN
taxlaw-2830	626	11	of	of	ADP
taxlaw-2830	626	12	the	the	DET
taxlaw-2830	626	13	reit	reit	NOUN
taxlaw-2830	626	14	rules	rule	NOUN
taxlaw-2830	626	15	,	,	PUNCT
taxlaw-2830	626	16	see	see	VERB
taxlaw-2830	626	17	bradley	bradley	PROPN
taxlaw-2830	626	18	t.	t.	PROPN
taxlaw-2830	626	19	borden	borden	PROPN
taxlaw-2830	626	20	,	,	PUNCT
taxlaw-2830	626	21	reit	reit	PROPN
taxlaw-2830	626	22	reform	reform	NOUN
taxlaw-2830	626	23	alternatives	alternative	NOUN
taxlaw-2830	626	24	.	.	PUNCT
taxlaw-2830	627	1	111	111	NUM
taxlaw-2830	627	2	this	this	PRON
taxlaw-2830	627	3	is	be	AUX
taxlaw-2830	627	4	particularly	particularly	ADV
taxlaw-2830	627	5	doubtful	doubtful	ADJ
taxlaw-2830	627	6	because	because	SCONJ
taxlaw-2830	627	7	,	,	PUNCT
taxlaw-2830	627	8	to	to	ADP
taxlaw-2830	627	9	the	the	DET
taxlaw-2830	627	10	extent	extent	NOUN
taxlaw-2830	627	11	that	that	SCONJ
taxlaw-2830	627	12	ordinary	ordinary	ADJ
taxlaw-2830	627	13	individuals	individual	NOUN
taxlaw-2830	627	14	hold	hold	VERB
taxlaw-2830	627	15	investments	investment	NOUN
taxlaw-2830	627	16	in	in	ADP
taxlaw-2830	627	17	publicly	publicly	ADV
taxlaw-2830	627	18	traded	trade	VERB
taxlaw-2830	627	19	reits	reit	NOUN
taxlaw-2830	627	20	,	,	PUNCT
taxlaw-2830	627	21	they	they	PRON
taxlaw-2830	627	22	likely	likely	ADV
taxlaw-2830	627	23	do	do	VERB
taxlaw-2830	627	24	so	so	ADV
taxlaw-2830	627	25	through	through	ADP
taxlaw-2830	627	26	pension	pension	NOUN
taxlaw-2830	627	27	plans	plan	NOUN
taxlaw-2830	627	28	or	or	CCONJ
taxlaw-2830	627	29	other	other	ADJ
taxlaw-2830	627	30	tax	tax	NOUN
taxlaw-2830	627	31	-	-	PUNCT
taxlaw-2830	627	32	exempt	exempt	ADJ
taxlaw-2830	627	33	vehicles	vehicle	NOUN
taxlaw-2830	627	34	.	.	PUNCT
taxlaw-2830	628	1	thus	thus	ADV
taxlaw-2830	628	2	,	,	PUNCT
taxlaw-2830	628	3	if	if	SCONJ
taxlaw-2830	628	4	the	the	DET
taxlaw-2830	628	5	reit	reit	NOUN
taxlaw-2830	628	6	were	be	AUX
taxlaw-2830	628	7	treated	treat	VERB
taxlaw-2830	628	8	like	like	ADP
taxlaw-2830	628	9	a	a	DET
taxlaw-2830	628	10	regular	regular	ADJ
taxlaw-2830	628	11	corporation	corporation	NOUN
taxlaw-2830	628	12	for	for	ADP
taxlaw-2830	628	13	tax	tax	NOUN
taxlaw-2830	628	14	purposes	purpose	NOUN
taxlaw-2830	628	15	,	,	PUNCT
taxlaw-2830	628	16	only	only	ADV
taxlaw-2830	628	17	one	one	NUM
taxlaw-2830	628	18	level	level	NOUN
taxlaw-2830	628	19	of	of	ADP
taxlaw-2830	628	20	tax	tax	NOUN
taxlaw-2830	628	21	would	would	AUX
taxlaw-2830	628	22	be	be	AUX
taxlaw-2830	628	23	incurred	incur	VERB
taxlaw-2830	628	24	currently	currently	ADV
taxlaw-2830	628	25	--	--	PUNCT
taxlaw-2830	628	26	the	the	DET
taxlaw-2830	628	27	entity	entity	NOUN
taxlaw-2830	628	28	-	-	PUNCT
taxlaw-2830	628	29	level	level	NOUN
taxlaw-2830	628	30	tax	tax	NOUN
taxlaw-2830	628	31	.	.	PUNCT
taxlaw-2830	629	1	a	a	DET
taxlaw-2830	629	2	tax	tax	NOUN
taxlaw-2830	629	3	-	-	PUNCT
taxlaw-2830	629	4	exempt	exempt	ADJ
taxlaw-2830	629	5	investor	investor	NOUN
taxlaw-2830	629	6	,	,	PUNCT
taxlaw-2830	629	7	like	like	ADP
taxlaw-2830	629	8	a	a	DET
taxlaw-2830	629	9	pension	pension	NOUN
taxlaw-2830	629	10	plan	plan	NOUN
taxlaw-2830	629	11	,	,	PUNCT
taxlaw-2830	629	12	would	would	AUX
taxlaw-2830	629	13	generally	generally	ADV
taxlaw-2830	629	14	not	not	PART
taxlaw-2830	629	15	be	be	AUX
taxlaw-2830	629	16	subject	subject	ADJ
taxlaw-2830	629	17	to	to	ADP
taxlaw-2830	629	18	columbia	columbia	PROPN
taxlaw-2830	629	19	journal	journal	PROPN
taxlaw-2830	629	20	of	of	ADP
taxlaw-2830	629	21	tax	tax	NOUN
taxlaw-2830	629	22	law	law	NOUN
taxlaw-2830	630	1	[	[	X
taxlaw-2830	630	2	vol.6:147	vol.6:147	NOUN
taxlaw-2830	630	3	168	168	NUM
taxlaw-2830	630	4	furthermore	furthermore	ADV
taxlaw-2830	630	5	,	,	PUNCT
taxlaw-2830	630	6	the	the	DET
taxlaw-2830	630	7	objective	objective	NOUN
taxlaw-2830	630	8	of	of	ADP
taxlaw-2830	630	9	offering	offer	VERB
taxlaw-2830	630	10	more	more	ADJ
taxlaw-2830	630	11	tax	tax	NOUN
taxlaw-2830	630	12	-	-	PUNCT
taxlaw-2830	630	13	favorable	favorable	ADJ
taxlaw-2830	630	14	investment	investment	NOUN
taxlaw-2830	630	15	opportunities	opportunity	NOUN
taxlaw-2830	630	16	to	to	ADP
taxlaw-2830	630	17	individuals	individual	NOUN
taxlaw-2830	630	18	of	of	ADP
taxlaw-2830	630	19	modest	modest	ADJ
taxlaw-2830	630	20	means	mean	NOUN
taxlaw-2830	630	21	would	would	AUX
taxlaw-2830	630	22	be	be	AUX
taxlaw-2830	630	23	better	well	ADV
taxlaw-2830	630	24	served	serve	VERB
taxlaw-2830	630	25	by	by	ADP
taxlaw-2830	630	26	reform	reform	NOUN
taxlaw-2830	630	27	targeted	target	VERB
taxlaw-2830	630	28	at	at	ADP
taxlaw-2830	630	29	such	such	ADJ
taxlaw-2830	630	30	individuals	individual	NOUN
taxlaw-2830	630	31	.	.	PUNCT
taxlaw-2830	631	1	for	for	ADP
taxlaw-2830	631	2	instance	instance	NOUN
taxlaw-2830	631	3	,	,	PUNCT
taxlaw-2830	631	4	introducing	introduce	VERB
taxlaw-2830	631	5	more	more	ADV
taxlaw-2830	631	6	graduated	graduated	ADJ
taxlaw-2830	631	7	tax	tax	NOUN
taxlaw-2830	631	8	rates	rate	NOUN
taxlaw-2830	631	9	on	on	ADP
taxlaw-2830	631	10	capital	capital	NOUN
taxlaw-2830	631	11	gain	gain	NOUN
taxlaw-2830	631	12	income	income	NOUN
taxlaw-2830	631	13	would	would	AUX
taxlaw-2830	631	14	do	do	VERB
taxlaw-2830	631	15	more	more	ADJ
taxlaw-2830	631	16	to	to	PART
taxlaw-2830	631	17	assist	assist	VERB
taxlaw-2830	631	18	individuals	individual	NOUN
taxlaw-2830	631	19	of	of	ADP
taxlaw-2830	631	20	modest	modest	ADJ
taxlaw-2830	631	21	means	mean	NOUN
taxlaw-2830	631	22	than	than	ADP
taxlaw-2830	631	23	granting	grant	VERB
taxlaw-2830	631	24	special	special	ADJ
taxlaw-2830	631	25	tax	tax	NOUN
taxlaw-2830	631	26	treatment	treatment	NOUN
taxlaw-2830	631	27	to	to	ADP
taxlaw-2830	631	28	reits	reit	NOUN
taxlaw-2830	631	29	,	,	PUNCT
taxlaw-2830	631	30	particularly	particularly	ADV
taxlaw-2830	631	31	given	give	VERB
taxlaw-2830	631	32	that	that	SCONJ
taxlaw-2830	631	33	many	many	ADJ
taxlaw-2830	631	34	wealthy	wealthy	ADJ
taxlaw-2830	631	35	investors	investor	NOUN
taxlaw-2830	631	36	avail	avail	VERB
taxlaw-2830	631	37	themselves	themselves	PRON
taxlaw-2830	631	38	of	of	ADP
taxlaw-2830	631	39	the	the	DET
taxlaw-2830	631	40	tax	tax	NOUN
taxlaw-2830	631	41	benefits	benefit	NOUN
taxlaw-2830	631	42	of	of	ADP
taxlaw-2830	631	43	the	the	DET
taxlaw-2830	631	44	reit	reit	PROPN
taxlaw-2830	631	45	vehicle	vehicle	NOUN
taxlaw-2830	631	46	.	.	PUNCT
taxlaw-2830	632	1	thus	thus	ADV
taxlaw-2830	632	2	,	,	PUNCT
taxlaw-2830	632	3	despite	despite	SCONJ
taxlaw-2830	632	4	statements	statement	NOUN
taxlaw-2830	632	5	in	in	ADP
taxlaw-2830	632	6	the	the	DET
taxlaw-2830	632	7	legislative	legislative	ADJ
taxlaw-2830	632	8	history	history	NOUN
taxlaw-2830	632	9	about	about	ADP
taxlaw-2830	632	10	providing	provide	VERB
taxlaw-2830	632	11	more	more	ADV
taxlaw-2830	632	12	equal	equal	ADJ
taxlaw-2830	632	13	access	access	NOUN
taxlaw-2830	632	14	to	to	ADP
taxlaw-2830	632	15	tax	tax	NOUN
taxlaw-2830	632	16	-	-	PUNCT
taxlaw-2830	632	17	favored	favor	VERB
taxlaw-2830	632	18	investments	investment	NOUN
taxlaw-2830	632	19	in	in	ADP
taxlaw-2830	632	20	real	real	ADJ
taxlaw-2830	632	21	estate	estate	NOUN
taxlaw-2830	632	22	,	,	PUNCT
taxlaw-2830	632	23	the	the	DET
taxlaw-2830	632	24	reit	reit	NOUN
taxlaw-2830	632	25	rules	rule	NOUN
taxlaw-2830	632	26	,	,	PUNCT
taxlaw-2830	632	27	in	in	ADP
taxlaw-2830	632	28	reality	reality	NOUN
taxlaw-2830	632	29	,	,	PUNCT
taxlaw-2830	632	30	seem	seem	VERB
taxlaw-2830	632	31	to	to	PART
taxlaw-2830	632	32	do	do	VERB
taxlaw-2830	632	33	a	a	DET
taxlaw-2830	632	34	poor	poor	ADJ
taxlaw-2830	632	35	job	job	NOUN
taxlaw-2830	632	36	of	of	ADP
taxlaw-2830	632	37	achieving	achieve	VERB
taxlaw-2830	632	38	equality	equality	NOUN
taxlaw-2830	632	39	for	for	ADP
taxlaw-2830	632	40	investors	investor	NOUN
taxlaw-2830	632	41	with	with	ADP
taxlaw-2830	632	42	modest	modest	ADJ
taxlaw-2830	632	43	resources	resource	NOUN
taxlaw-2830	632	44	but	but	CCONJ
taxlaw-2830	632	45	a	a	DET
taxlaw-2830	632	46	much	much	ADV
taxlaw-2830	632	47	better	well	ADJ
taxlaw-2830	632	48	job	job	NOUN
taxlaw-2830	632	49	of	of	ADP
taxlaw-2830	632	50	simply	simply	ADV
taxlaw-2830	632	51	favoring	favor	VERB
taxlaw-2830	632	52	the	the	DET
taxlaw-2830	632	53	real	real	ADJ
taxlaw-2830	632	54	estate	estate	NOUN
taxlaw-2830	632	55	industry	industry	NOUN
taxlaw-2830	632	56	.	.	PUNCT
taxlaw-2830	633	1	112	112	NUM
taxlaw-2830	633	2	in	in	ADP
taxlaw-2830	633	3	summary	summary	NOUN
taxlaw-2830	633	4	,	,	PUNCT
taxlaw-2830	633	5	it	it	PRON
taxlaw-2830	633	6	is	be	AUX
taxlaw-2830	633	7	not	not	PART
taxlaw-2830	633	8	entirely	entirely	ADV
taxlaw-2830	633	9	clear	clear	ADJ
taxlaw-2830	633	10	why	why	SCONJ
taxlaw-2830	633	11	publicly	publicly	ADV
taxlaw-2830	633	12	traded	trade	VERB
taxlaw-2830	633	13	entities	entity	NOUN
taxlaw-2830	633	14	that	that	PRON
taxlaw-2830	633	15	earn	earn	AUX
taxlaw-2830	633	16	predominately	predominately	ADV
taxlaw-2830	633	17	qualifying	qualify	VERB
taxlaw-2830	633	18	income	income	NOUN
taxlaw-2830	633	19	receive	receive	VERB
taxlaw-2830	633	20	more	more	ADV
taxlaw-2830	633	21	favorable	favorable	ADJ
taxlaw-2830	633	22	tax	tax	NOUN
taxlaw-2830	633	23	treatment	treatment	NOUN
taxlaw-2830	633	24	than	than	ADP
taxlaw-2830	633	25	other	other	ADJ
taxlaw-2830	633	26	publicly	publicly	ADV
taxlaw-2830	633	27	traded	trade	VERB
taxlaw-2830	633	28	entities	entity	NOUN
taxlaw-2830	633	29	.	.	PUNCT
taxlaw-2830	634	1	the	the	DET
taxlaw-2830	634	2	political	political	ADJ
taxlaw-2830	634	3	influence	influence	NOUN
taxlaw-2830	634	4	of	of	ADP
taxlaw-2830	634	5	certain	certain	ADJ
taxlaw-2830	634	6	industries	industry	NOUN
taxlaw-2830	634	7	doubtlessly	doubtlessly	ADV
taxlaw-2830	634	8	provides	provide	VERB
taxlaw-2830	634	9	part	part	NOUN
taxlaw-2830	634	10	of	of	ADP
taxlaw-2830	634	11	the	the	DET
taxlaw-2830	634	12	explanation	explanation	NOUN
taxlaw-2830	634	13	.	.	PUNCT
taxlaw-2830	635	1	113	113	NUM
taxlaw-2830	635	2	some	some	DET
taxlaw-2830	635	3	rationales	rationale	NOUN
taxlaw-2830	635	4	offered	offer	VERB
taxlaw-2830	635	5	by	by	ADP
taxlaw-2830	635	6	legislative	legislative	ADJ
taxlaw-2830	635	7	history	history	NOUN
taxlaw-2830	635	8	would	would	AUX
taxlaw-2830	635	9	be	be	AUX
taxlaw-2830	635	10	better	well	ADV
taxlaw-2830	635	11	served	serve	VERB
taxlaw-2830	635	12	by	by	ADP
taxlaw-2830	635	13	more	more	ADV
taxlaw-2830	635	14	precisely	precisely	ADV
taxlaw-2830	635	15	targeted	target	VERB
taxlaw-2830	635	16	measures	measure	NOUN
taxlaw-2830	635	17	.	.	PUNCT
taxlaw-2830	636	1	for	for	ADP
taxlaw-2830	636	2	instance	instance	NOUN
taxlaw-2830	636	3	,	,	PUNCT
taxlaw-2830	636	4	concerns	concern	NOUN
taxlaw-2830	636	5	about	about	ADP
taxlaw-2830	636	6	subjecting	subject	VERB
taxlaw-2830	636	7	dividend	dividend	NOUN
taxlaw-2830	636	8	income	income	NOUN
taxlaw-2830	636	9	to	to	ADP
taxlaw-2830	636	10	an	an	DET
taxlaw-2830	636	11	additional	additional	ADJ
taxlaw-2830	636	12	level	level	NOUN
taxlaw-2830	636	13	of	of	ADP
taxlaw-2830	636	14	tax	tax	NOUN
taxlaw-2830	636	15	could	could	AUX
taxlaw-2830	636	16	be	be	AUX
taxlaw-2830	636	17	addressed	address	VERB
taxlaw-2830	636	18	,	,	PUNCT
taxlaw-2830	636	19	and	and	CCONJ
taxlaw-2830	636	20	to	to	ADP
taxlaw-2830	636	21	some	some	DET
taxlaw-2830	636	22	extent	extent	NOUN
taxlaw-2830	636	23	already	already	ADV
taxlaw-2830	636	24	are	be	AUX
taxlaw-2830	636	25	addressed	address	VERB
taxlaw-2830	636	26	,	,	PUNCT
taxlaw-2830	636	27	by	by	ADP
taxlaw-2830	636	28	provisions	provision	NOUN
taxlaw-2830	636	29	limited	limit	VERB
taxlaw-2830	636	30	to	to	PART
taxlaw-2830	636	31	dividend	dividend	NOUN
taxlaw-2830	636	32	income	income	NOUN
taxlaw-2830	636	33	.	.	PUNCT
taxlaw-2830	637	1	likewise	likewise	ADV
taxlaw-2830	637	2	,	,	PUNCT
taxlaw-2830	637	3	the	the	DET
taxlaw-2830	637	4	reit	reit	NOUN
taxlaw-2830	637	5	rules	rule	NOUN
taxlaw-2830	637	6	are	be	AUX
taxlaw-2830	637	7	a	a	DET
taxlaw-2830	637	8	very	very	ADV
taxlaw-2830	637	9	imprecise	imprecise	ADJ
taxlaw-2830	637	10	mechanism	mechanism	NOUN
taxlaw-2830	637	11	for	for	ADP
taxlaw-2830	637	12	providing	provide	VERB
taxlaw-2830	637	13	tax	tax	NOUN
taxlaw-2830	637	14	-	-	PUNCT
taxlaw-2830	637	15	favored	favor	VERB
taxlaw-2830	637	16	investment	investment	NOUN
taxlaw-2830	637	17	opportunities	opportunity	NOUN
taxlaw-2830	637	18	to	to	ADP
taxlaw-2830	637	19	individuals	individual	NOUN
taxlaw-2830	637	20	of	of	ADP
taxlaw-2830	637	21	modest	modest	ADJ
taxlaw-2830	637	22	means	mean	NOUN
taxlaw-2830	637	23	.	.	PUNCT
taxlaw-2830	638	1	one	one	NUM
taxlaw-2830	638	2	potential	potential	ADJ
taxlaw-2830	638	3	rationale	rationale	NOUN
taxlaw-2830	638	4	remains	remain	VERB
taxlaw-2830	638	5	–	–	PUNCT
taxlaw-2830	638	6	the	the	DET
taxlaw-2830	638	7	notion	notion	NOUN
taxlaw-2830	638	8	that	that	SCONJ
taxlaw-2830	638	9	corporate	corporate	ADJ
taxlaw-2830	638	10	-	-	PUNCT
taxlaw-2830	638	11	level	level	NOUN
taxlaw-2830	638	12	tax	tax	NOUN
taxlaw-2830	638	13	should	should	AUX
taxlaw-2830	638	14	not	not	PART
taxlaw-2830	638	15	be	be	AUX
taxlaw-2830	638	16	imposed	impose	VERB
taxlaw-2830	638	17	upon	upon	SCONJ
taxlaw-2830	638	18	income	income	NOUN
taxlaw-2830	638	19	that	that	PRON
taxlaw-2830	638	20	owners	owner	NOUN
taxlaw-2830	638	21	of	of	ADP
taxlaw-2830	638	22	the	the	DET
taxlaw-2830	638	23	publicly	publicly	ADV
taxlaw-2830	638	24	traded	trade	VERB
taxlaw-2830	638	25	entity	entity	NOUN
taxlaw-2830	638	26	could	could	AUX
taxlaw-2830	638	27	earn	earn	VERB
taxlaw-2830	638	28	directly	directly	ADV
taxlaw-2830	638	29	.	.	PUNCT
taxlaw-2830	639	1	this	this	DET
taxlaw-2830	639	2	rationale	rationale	NOUN
taxlaw-2830	639	3	may	may	AUX
taxlaw-2830	639	4	have	have	VERB
taxlaw-2830	639	5	merit	merit	NOUN
taxlaw-2830	639	6	.	.	PUNCT
taxlaw-2830	640	1	however	however	ADV
taxlaw-2830	640	2	,	,	PUNCT
taxlaw-2830	640	3	it	it	PRON
taxlaw-2830	640	4	would	would	AUX
taxlaw-2830	640	5	be	be	AUX
taxlaw-2830	640	6	better	well	ADV
taxlaw-2830	640	7	served	serve	VERB
taxlaw-2830	640	8	by	by	ADP
taxlaw-2830	640	9	differently	differently	ADV
taxlaw-2830	640	10	designed	design	VERB
taxlaw-2830	640	11	rules	rule	NOUN
taxlaw-2830	640	12	,	,	PUNCT
taxlaw-2830	640	13	as	as	SCONJ
taxlaw-2830	640	14	proposed	propose	VERB
taxlaw-2830	640	15	in	in	ADP
taxlaw-2830	640	16	part	part	NOUN
taxlaw-2830	640	17	v	v	ADP
taxlaw-2830	640	18	below	below	ADV
taxlaw-2830	640	19	.	.	PUNCT
taxlaw-2830	641	1	iv	iv	X
taxlaw-2830	641	2	.	.	PUNCT
taxlaw-2830	641	3	troubling	troubling	ADJ
taxlaw-2830	641	4	aspects	aspect	NOUN
taxlaw-2830	641	5	of	of	ADP
taxlaw-2830	641	6	current	current	ADJ
taxlaw-2830	641	7	taxation	taxation	NOUN
taxlaw-2830	641	8	of	of	ADP
taxlaw-2830	641	9	publicly	publicly	ADV
taxlaw-2830	641	10	traded	trade	VERB
taxlaw-2830	641	11	entities	entity	NOUN
taxlaw-2830	641	12	as	as	SCONJ
taxlaw-2830	641	13	discussed	discuss	VERB
taxlaw-2830	641	14	above	above	ADV
taxlaw-2830	641	15	in	in	ADP
taxlaw-2830	641	16	part	part	PROPN
taxlaw-2830	641	17	ii	ii	PROPN
taxlaw-2830	641	18	,	,	PUNCT
taxlaw-2830	641	19	although	although	SCONJ
taxlaw-2830	641	20	most	most	ADJ
taxlaw-2830	641	21	publicly	publicly	ADV
taxlaw-2830	641	22	traded	trade	VERB
taxlaw-2830	641	23	entities	entity	NOUN
taxlaw-2830	641	24	are	be	AUX
taxlaw-2830	641	25	subject	subject	ADJ
taxlaw-2830	641	26	to	to	ADP
taxlaw-2830	641	27	the	the	DET
taxlaw-2830	641	28	corporate	corporate	ADJ
taxlaw-2830	641	29	tax	tax	NOUN
taxlaw-2830	641	30	system	system	NOUN
taxlaw-2830	641	31	,	,	PUNCT
taxlaw-2830	641	32	current	current	ADJ
taxlaw-2830	641	33	law	law	NOUN
taxlaw-2830	641	34	grants	grant	VERB
taxlaw-2830	641	35	special	special	ADJ
taxlaw-2830	641	36	treatment	treatment	NOUN
taxlaw-2830	641	37	to	to	PART
taxlaw-2830	641	38	publicly	publicly	ADV
taxlaw-2830	641	39	traded	trade	VERB
taxlaw-2830	641	40	entities	entity	NOUN
taxlaw-2830	641	41	that	that	PRON
taxlaw-2830	641	42	earn	earn	AUX
taxlaw-2830	641	43	predominately	predominately	ADV
taxlaw-2830	641	44	qualifying	qualify	VERB
taxlaw-2830	641	45	income	income	NOUN
taxlaw-2830	641	46	.	.	PUNCT
taxlaw-2830	642	1	the	the	DET
taxlaw-2830	642	2	potential	potential	ADJ
taxlaw-2830	642	3	policy	policy	NOUN
taxlaw-2830	642	4	justifications	justification	NOUN
taxlaw-2830	642	5	for	for	ADP
taxlaw-2830	642	6	this	this	DET
taxlaw-2830	642	7	special	special	ADJ
taxlaw-2830	642	8	treatment	treatment	NOUN
taxlaw-2830	642	9	were	be	AUX
taxlaw-2830	642	10	explored	explore	VERB
taxlaw-2830	642	11	in	in	ADP
taxlaw-2830	642	12	part	part	NOUN
taxlaw-2830	642	13	iii	iii	NOUN
taxlaw-2830	642	14	,	,	PUNCT
taxlaw-2830	642	15	leading	lead	VERB
taxlaw-2830	642	16	to	to	ADP
taxlaw-2830	642	17	the	the	DET
taxlaw-2830	642	18	conclusion	conclusion	NOUN
taxlaw-2830	642	19	that	that	SCONJ
taxlaw-2830	642	20	only	only	ADV
taxlaw-2830	642	21	one	one	NUM
taxlaw-2830	642	22	potentially	potentially	ADV
taxlaw-2830	642	23	convincing	convincing	ADJ
taxlaw-2830	642	24	explanation	explanation	NOUN
taxlaw-2830	642	25	exists	exist	VERB
taxlaw-2830	642	26	--	--	PUNCT
taxlaw-2830	642	27	the	the	DET
taxlaw-2830	642	28	idea	idea	NOUN
taxlaw-2830	642	29	that	that	SCONJ
taxlaw-2830	642	30	corporate	corporate	ADJ
taxlaw-2830	642	31	-	-	PUNCT
taxlaw-2830	642	32	level	level	NOUN
taxlaw-2830	642	33	tax	tax	NOUN
taxlaw-2830	642	34	should	should	AUX
taxlaw-2830	642	35	not	not	PART
taxlaw-2830	642	36	be	be	AUX
taxlaw-2830	642	37	imposed	impose	VERB
taxlaw-2830	642	38	on	on	ADP
taxlaw-2830	642	39	income	income	NOUN
taxlaw-2830	642	40	that	that	SCONJ
taxlaw-2830	642	41	owners	owner	NOUN
taxlaw-2830	642	42	of	of	ADP
taxlaw-2830	642	43	the	the	DET
taxlaw-2830	642	44	publicly	publicly	ADV
taxlaw-2830	642	45	traded	trade	VERB
taxlaw-2830	642	46	entity	entity	NOUN
taxlaw-2830	642	47	could	could	AUX
taxlaw-2830	642	48	earn	earn	VERB
taxlaw-2830	642	49	directly	directly	ADV
taxlaw-2830	642	50	.	.	PUNCT
taxlaw-2830	643	1	given	give	VERB
taxlaw-2830	643	2	this	this	DET
taxlaw-2830	643	3	analysis	analysis	NOUN
taxlaw-2830	643	4	,	,	PUNCT
taxlaw-2830	643	5	there	there	PRON
taxlaw-2830	643	6	are	be	VERB
taxlaw-2830	643	7	several	several	ADJ
taxlaw-2830	643	8	troubling	troubling	ADJ
taxlaw-2830	643	9	features	feature	NOUN
taxlaw-2830	643	10	of	of	ADP
taxlaw-2830	643	11	the	the	DET
taxlaw-2830	643	12	current	current	ADJ
taxlaw-2830	643	13	taxation	taxation	NOUN
taxlaw-2830	643	14	regime	regime	NOUN
taxlaw-2830	643	15	applicable	applicable	ADJ
taxlaw-2830	643	16	to	to	PART
taxlaw-2830	643	17	publicly	publicly	ADV
taxlaw-2830	643	18	traded	trade	VERB
taxlaw-2830	643	19	entities	entity	NOUN
taxlaw-2830	643	20	.	.	PUNCT
taxlaw-2830	644	1	first	first	ADV
taxlaw-2830	644	2	,	,	PUNCT
taxlaw-2830	644	3	the	the	DET
taxlaw-2830	644	4	current	current	ADJ
taxlaw-2830	644	5	definition	definition	NOUN
taxlaw-2830	644	6	of	of	ADP
taxlaw-2830	644	7	qualifying	qualify	VERB
taxlaw-2830	644	8	income	income	NOUN
taxlaw-2830	644	9	is	be	AUX
taxlaw-2830	644	10	far	far	ADV
taxlaw-2830	644	11	too	too	ADV
taxlaw-2830	644	12	broad	broad	ADJ
taxlaw-2830	644	13	—	—	PUNCT
taxlaw-2830	644	14	it	it	PRON
taxlaw-2830	644	15	includes	include	VERB
taxlaw-2830	644	16	much	much	ADJ
taxlaw-2830	644	17	income	income	NOUN
taxlaw-2830	644	18	that	that	SCONJ
taxlaw-2830	644	19	owners	owner	NOUN
taxlaw-2830	644	20	of	of	ADP
taxlaw-2830	644	21	a	a	DET
taxlaw-2830	644	22	publicly	publicly	ADV
taxlaw-2830	644	23	traded	trade	VERB
taxlaw-2830	644	24	entity	entity	NOUN
taxlaw-2830	644	25	could	could	AUX
taxlaw-2830	644	26	not	not	PART
taxlaw-2830	644	27	earn	earn	VERB
taxlaw-2830	644	28	directly	directly	ADV
taxlaw-2830	644	29	.	.	PUNCT
taxlaw-2830	645	1	second	second	ADJ
taxlaw-2830	645	2	,	,	PUNCT
taxlaw-2830	645	3	current	current	ADJ
taxlaw-2830	645	4	law	law	NOUN
taxlaw-2830	645	5	grants	grant	VERB
taxlaw-2830	645	6	special	special	ADJ
taxlaw-2830	645	7	treatment	treatment	NOUN
taxlaw-2830	645	8	to	to	ADP
taxlaw-2830	645	9	all	all	DET
taxlaw-2830	645	10	income	income	NOUN
taxlaw-2830	645	11	earned	earn	VERB
taxlaw-2830	645	12	by	by	ADP
taxlaw-2830	645	13	a	a	DET
taxlaw-2830	645	14	publicly	publicly	ADV
taxlaw-2830	645	15	traded	trade	VERB
taxlaw-2830	645	16	entity	entity	NOUN
taxlaw-2830	645	17	if	if	SCONJ
taxlaw-2830	645	18	and	and	CCONJ
taxlaw-2830	645	19	only	only	ADV
taxlaw-2830	645	20	if	if	SCONJ
taxlaw-2830	645	21	the	the	DET
taxlaw-2830	645	22	entity	entity	NOUN
taxlaw-2830	645	23	earns	earn	VERB
taxlaw-2830	645	24	predominately	predominately	ADV
taxlaw-2830	645	25	qualifying	qualify	VERB
taxlaw-2830	645	26	income	income	NOUN
taxlaw-2830	645	27	.	.	PUNCT
taxlaw-2830	646	1	under	under	ADP
taxlaw-2830	646	2	the	the	DET
taxlaw-2830	646	3	publicly	publicly	ADV
taxlaw-2830	646	4	traded	trade	VERB
taxlaw-2830	646	5	partnership	partnership	NOUN
taxlaw-2830	646	6	rules	rule	NOUN
taxlaw-2830	646	7	,	,	PUNCT
taxlaw-2830	646	8	for	for	ADP
taxlaw-2830	646	9	instance	instance	NOUN
taxlaw-2830	646	10	,	,	PUNCT
taxlaw-2830	646	11	if	if	SCONJ
taxlaw-2830	646	12	at	at	ADV
taxlaw-2830	646	13	least	least	ADV
taxlaw-2830	646	14	90	90	NUM
taxlaw-2830	646	15	percent	percent	NOUN
taxlaw-2830	646	16	of	of	ADP
taxlaw-2830	646	17	a	a	DET
taxlaw-2830	646	18	publicly	publicly	ADV
taxlaw-2830	646	19	traded	trade	VERB
taxlaw-2830	646	20	partnership‘s	partnership‘s	PROPN
taxlaw-2830	646	21	gross	gross	ADJ
taxlaw-2830	646	22	income	income	NOUN
taxlaw-2830	646	23	consists	consist	VERB
taxlaw-2830	646	24	of	of	ADP
taxlaw-2830	646	25	qualifying	qualify	VERB
taxlaw-2830	646	26	income	income	NOUN
taxlaw-2830	646	27	,	,	PUNCT
taxlaw-2830	646	28	the	the	DET
taxlaw-2830	646	29	partnership	partnership	NOUN
taxlaw-2830	646	30	may	may	AUX
taxlaw-2830	646	31	obtain	obtain	VERB
taxlaw-2830	646	32	classification	classification	NOUN
taxlaw-2830	646	33	as	as	ADP
taxlaw-2830	646	34	an	an	DET
taxlaw-2830	646	35	exempt	exempt	ADJ
taxlaw-2830	646	36	publicly	publicly	ADV
taxlaw-2830	646	37	traded	trade	VERB
taxlaw-2830	646	38	partnership	partnership	NOUN
taxlaw-2830	646	39	so	so	SCONJ
taxlaw-2830	646	40	that	that	SCONJ
taxlaw-2830	646	41	it	it	PRON
taxlaw-2830	646	42	avoids	avoid	VERB
taxlaw-2830	646	43	entity	entity	NOUN
taxlaw-2830	646	44	-	-	PUNCT
taxlaw-2830	646	45	level	level	NOUN
taxlaw-2830	646	46	tax	tax	NOUN
taxlaw-2830	646	47	on	on	ADP
taxlaw-2830	646	48	all	all	PRON
taxlaw-2830	646	49	of	of	ADP
taxlaw-2830	646	50	its	its	PRON
taxlaw-2830	646	51	income	income	NOUN
taxlaw-2830	646	52	.	.	PUNCT
taxlaw-2830	647	1	by	by	ADP
taxlaw-2830	647	2	contrast	contrast	NOUN
taxlaw-2830	647	3	,	,	PUNCT
taxlaw-2830	647	4	if	if	SCONJ
taxlaw-2830	647	5	only	only	ADV
taxlaw-2830	647	6	89.99	89.99	NUM
taxlaw-2830	647	7	percent	percent	NOUN
taxlaw-2830	647	8	of	of	ADP
taxlaw-2830	647	9	the	the	DET
taxlaw-2830	647	10	publicly	publicly	ADV
taxlaw-2830	647	11	traded	trade	VERB
taxlaw-2830	647	12	partnership‘s	partnership‘s	PROPN
taxlaw-2830	647	13	gross	gross	ADJ
taxlaw-2830	647	14	income	income	NOUN
taxlaw-2830	647	15	was	be	AUX
taxlaw-2830	647	16	qualifying	qualify	VERB
taxlaw-2830	647	17	income	income	NOUN
taxlaw-2830	647	18	,	,	PUNCT
taxlaw-2830	647	19	the	the	DET
taxlaw-2830	647	20	same	same	ADJ
taxlaw-2830	647	21	partnership	partnership	NOUN
taxlaw-2830	647	22	would	would	AUX
taxlaw-2830	647	23	be	be	AUX
taxlaw-2830	647	24	subject	subject	ADJ
taxlaw-2830	647	25	tax	tax	NOUN
taxlaw-2830	647	26	as	as	ADP
taxlaw-2830	647	27	a	a	DET
taxlaw-2830	647	28	result	result	NOUN
taxlaw-2830	647	29	of	of	ADP
taxlaw-2830	647	30	receiving	receive	VERB
taxlaw-2830	647	31	distributions	distribution	NOUN
taxlaw-2830	647	32	from	from	ADP
taxlaw-2830	647	33	the	the	DET
taxlaw-2830	647	34	corporation	corporation	NOUN
taxlaw-2830	647	35	or	or	CCONJ
taxlaw-2830	647	36	selling	sell	VERB
taxlaw-2830	647	37	stock	stock	NOUN
taxlaw-2830	647	38	in	in	ADP
taxlaw-2830	647	39	the	the	DET
taxlaw-2830	647	40	corporation	corporation	NOUN
taxlaw-2830	647	41	.	.	PUNCT
taxlaw-2830	648	1	see	see	VERB
taxlaw-2830	648	2	supra	supra	PROPN
taxlaw-2830	648	3	note	note	PROPN
taxlaw-2830	648	4	23	23	NUM
taxlaw-2830	648	5	.	.	PUNCT
taxlaw-2830	649	1	thus	thus	ADV
taxlaw-2830	649	2	,	,	PUNCT
taxlaw-2830	649	3	at	at	ADP
taxlaw-2830	649	4	the	the	DET
taxlaw-2830	649	5	time	time	NOUN
taxlaw-2830	649	6	the	the	DET
taxlaw-2830	649	7	income	income	NOUN
taxlaw-2830	649	8	is	be	AUX
taxlaw-2830	649	9	earned	earn	VERB
taxlaw-2830	649	10	and	and	CCONJ
taxlaw-2830	649	11	distributed	distribute	VERB
taxlaw-2830	649	12	by	by	ADP
taxlaw-2830	649	13	the	the	DET
taxlaw-2830	649	14	publicly	publicly	ADV
taxlaw-2830	649	15	traded	trade	VERB
taxlaw-2830	649	16	entity	entity	NOUN
taxlaw-2830	649	17	,	,	PUNCT
taxlaw-2830	649	18	the	the	DET
taxlaw-2830	649	19	ordinary	ordinary	ADJ
taxlaw-2830	649	20	individual‘s	individual‘s	NOUN
taxlaw-2830	649	21	investment	investment	NOUN
taxlaw-2830	649	22	through	through	ADP
taxlaw-2830	649	23	a	a	DET
taxlaw-2830	649	24	pension	pension	NOUN
taxlaw-2830	649	25	plan	plan	NOUN
taxlaw-2830	649	26	into	into	ADP
taxlaw-2830	649	27	a	a	DET
taxlaw-2830	649	28	corporation	corporation	NOUN
taxlaw-2830	649	29	leads	lead	VERB
taxlaw-2830	649	30	to	to	ADP
taxlaw-2830	649	31	one	one	NUM
taxlaw-2830	649	32	level	level	NOUN
taxlaw-2830	649	33	of	of	ADP
taxlaw-2830	649	34	tax	tax	NOUN
taxlaw-2830	649	35	,	,	PUNCT
taxlaw-2830	649	36	and	and	CCONJ
taxlaw-2830	649	37	one	one	NUM
taxlaw-2830	649	38	level	level	NOUN
taxlaw-2830	649	39	of	of	ADP
taxlaw-2830	649	40	tax	tax	NOUN
taxlaw-2830	649	41	would	would	AUX
taxlaw-2830	649	42	also	also	ADV
taxlaw-2830	649	43	be	be	AUX
taxlaw-2830	649	44	incurred	incur	VERB
taxlaw-2830	649	45	if	if	SCONJ
taxlaw-2830	649	46	a	a	DET
taxlaw-2830	649	47	wealthy	wealthy	ADJ
taxlaw-2830	649	48	individual	individual	NOUN
taxlaw-2830	649	49	held	hold	VERB
taxlaw-2830	649	50	real	real	ADJ
taxlaw-2830	649	51	estate	estate	NOUN
taxlaw-2830	649	52	through	through	ADP
taxlaw-2830	649	53	a	a	DET
taxlaw-2830	649	54	partnership	partnership	NOUN
taxlaw-2830	649	55	.	.	PUNCT
taxlaw-2830	650	1	112	112	NUM
taxlaw-2830	650	2	see	see	VERB
taxlaw-2830	650	3	also	also	ADV
taxlaw-2830	650	4	,	,	PUNCT
taxlaw-2830	650	5	morgenson	morgenson	PROPN
taxlaw-2830	650	6	,	,	PUNCT
taxlaw-2830	650	7	supra	supra	PROPN
taxlaw-2830	650	8	note	note	NOUN
taxlaw-2830	650	9	2	2	NUM
taxlaw-2830	650	10	(	(	PUNCT
taxlaw-2830	650	11	―an	―an	NOUN
taxlaw-2830	650	12	expanding	expand	VERB
taxlaw-2830	650	13	reit	reit	NOUN
taxlaw-2830	650	14	universe	universe	NOUN
taxlaw-2830	650	15	may	may	AUX
taxlaw-2830	650	16	not	not	PART
taxlaw-2830	650	17	seem	seem	VERB
taxlaw-2830	650	18	that	that	PRON
taxlaw-2830	650	19	troubling	troubling	ADJ
taxlaw-2830	650	20	.	.	PUNCT
taxlaw-2830	651	1	but	but	CCONJ
taxlaw-2830	651	2	it	it	PRON
taxlaw-2830	651	3	is	be	AUX
taxlaw-2830	651	4	a	a	DET
taxlaw-2830	651	5	prime	prime	ADJ
taxlaw-2830	651	6	example	example	NOUN
taxlaw-2830	651	7	of	of	ADP
taxlaw-2830	651	8	what‘s	what‘s	NOUN
taxlaw-2830	651	9	so	so	ADV
taxlaw-2830	651	10	bad	bad	ADJ
taxlaw-2830	651	11	about	about	ADP
taxlaw-2830	651	12	our	our	PRON
taxlaw-2830	651	13	tax	tax	NOUN
taxlaw-2830	651	14	code	code	NOUN
taxlaw-2830	651	15	:	:	PUNCT
taxlaw-2830	651	16	special	special	ADJ
taxlaw-2830	651	17	rules	rule	NOUN
taxlaw-2830	651	18	that	that	PRON
taxlaw-2830	651	19	favor	favor	VERB
taxlaw-2830	651	20	certain	certain	ADJ
taxlaw-2830	651	21	taxpayers	taxpayer	NOUN
taxlaw-2830	651	22	over	over	ADP
taxlaw-2830	651	23	others.‖	others.‖	NOUN
taxlaw-2830	651	24	)	)	PUNCT
taxlaw-2830	651	25	.	.	PUNCT
taxlaw-2830	652	1	113	113	NUM
taxlaw-2830	652	2	see	see	VERB
taxlaw-2830	652	3	supra	supra	PROPN
taxlaw-2830	652	4	notes	note	VERB
taxlaw-2830	652	5	102	102	NUM
taxlaw-2830	652	6	-	-	SYM
taxlaw-2830	652	7	103	103	NUM
taxlaw-2830	652	8	and	and	CCONJ
taxlaw-2830	652	9	accompanying	accompany	VERB
taxlaw-2830	652	10	text	text	NOUN
taxlaw-2830	652	11	.	.	PUNCT
taxlaw-2830	653	1	2015	2015	NUM
taxlaw-2830	653	2	]	]	PUNCT
taxlaw-2830	653	3	taxing	tax	VERB
taxlaw-2830	653	4	publicly	publicly	ADV
taxlaw-2830	653	5	traded	trade	VERB
taxlaw-2830	653	6	entities	entity	NOUN
taxlaw-2830	653	7	169	169	NUM
taxlaw-2830	653	8	to	to	ADP
taxlaw-2830	653	9	entity	entity	NOUN
taxlaw-2830	653	10	-	-	PUNCT
taxlaw-2830	653	11	level	level	NOUN
taxlaw-2830	653	12	tax	tax	NOUN
taxlaw-2830	653	13	on	on	ADP
taxlaw-2830	653	14	all	all	PRON
taxlaw-2830	653	15	of	of	ADP
taxlaw-2830	653	16	its	its	PRON
taxlaw-2830	653	17	income	income	NOUN
taxlaw-2830	653	18	.	.	PUNCT
taxlaw-2830	654	1	thus	thus	ADV
taxlaw-2830	654	2	,	,	PUNCT
taxlaw-2830	654	3	the	the	DET
taxlaw-2830	654	4	current	current	ADJ
taxlaw-2830	654	5	rules	rule	NOUN
taxlaw-2830	654	6	result	result	VERB
taxlaw-2830	654	7	in	in	ADP
taxlaw-2830	654	8	what	what	PRON
taxlaw-2830	654	9	is	be	AUX
taxlaw-2830	654	10	sometimes	sometimes	ADV
taxlaw-2830	654	11	called	call	VERB
taxlaw-2830	654	12	a	a	DET
taxlaw-2830	654	13	―cliff	―cliff	ADJ
taxlaw-2830	654	14	effect‖	effect‖	NUM
taxlaw-2830	654	15	in	in	ADP
taxlaw-2830	654	16	that	that	DET
taxlaw-2830	654	17	small	small	ADJ
taxlaw-2830	654	18	non	non	ADJ
taxlaw-2830	654	19	-	-	ADJ
taxlaw-2830	654	20	tax	tax	ADJ
taxlaw-2830	654	21	changes	change	NOUN
taxlaw-2830	654	22	can	can	AUX
taxlaw-2830	654	23	result	result	VERB
taxlaw-2830	654	24	in	in	ADP
taxlaw-2830	654	25	drastic	drastic	ADJ
taxlaw-2830	654	26	tax	tax	NOUN
taxlaw-2830	654	27	changes	change	NOUN
taxlaw-2830	654	28	.	.	PUNCT
taxlaw-2830	655	1	114	114	NUM
taxlaw-2830	655	2	this	this	DET
taxlaw-2830	655	3	cliff	cliff	NOUN
taxlaw-2830	655	4	effect	effect	NOUN
taxlaw-2830	655	5	is	be	AUX
taxlaw-2830	655	6	problematic	problematic	ADJ
taxlaw-2830	655	7	because	because	SCONJ
taxlaw-2830	655	8	it	it	PRON
taxlaw-2830	655	9	causes	cause	VERB
taxlaw-2830	655	10	the	the	DET
taxlaw-2830	655	11	tax	tax	NOUN
taxlaw-2830	655	12	treatment	treatment	NOUN
taxlaw-2830	655	13	of	of	ADP
taxlaw-2830	655	14	publicly	publicly	ADV
taxlaw-2830	655	15	traded	trade	VERB
taxlaw-2830	655	16	entities	entity	NOUN
taxlaw-2830	655	17	to	to	PART
taxlaw-2830	655	18	be	be	AUX
taxlaw-2830	655	19	somewhat	somewhat	ADV
taxlaw-2830	655	20	arbitrary	arbitrary	ADJ
taxlaw-2830	655	21	,	,	PUNCT
taxlaw-2830	655	22	and	and	CCONJ
taxlaw-2830	655	23	this	this	DET
taxlaw-2830	655	24	arbitrary	arbitrary	ADJ
taxlaw-2830	655	25	treatment	treatment	NOUN
taxlaw-2830	655	26	encourages	encourage	VERB
taxlaw-2830	655	27	wasteful	wasteful	ADJ
taxlaw-2830	655	28	tax	tax	NOUN
taxlaw-2830	655	29	planning	planning	NOUN
taxlaw-2830	655	30	.	.	PUNCT
taxlaw-2830	656	1	third	third	ADJ
taxlaw-2830	656	2	,	,	PUNCT
taxlaw-2830	656	3	as	as	SCONJ
taxlaw-2830	656	4	discussed	discuss	VERB
taxlaw-2830	656	5	above	above	ADV
taxlaw-2830	656	6	,	,	PUNCT
taxlaw-2830	656	7	publicly	publicly	ADV
taxlaw-2830	656	8	traded	trade	VERB
taxlaw-2830	656	9	entities	entity	NOUN
taxlaw-2830	656	10	are	be	AUX
taxlaw-2830	656	11	increasingly	increasingly	ADV
taxlaw-2830	656	12	engaging	engage	VERB
taxlaw-2830	656	13	in	in	ADP
taxlaw-2830	656	14	sophisticated	sophisticated	ADJ
taxlaw-2830	656	15	tax	tax	NOUN
taxlaw-2830	656	16	planning	planning	NOUN
taxlaw-2830	656	17	strategies	strategy	NOUN
taxlaw-2830	656	18	in	in	ADP
taxlaw-2830	656	19	order	order	NOUN
taxlaw-2830	656	20	to	to	PART
taxlaw-2830	656	21	qualify	qualify	VERB
taxlaw-2830	656	22	as	as	ADP
taxlaw-2830	656	23	exempt	exempt	ADJ
taxlaw-2830	656	24	publicly	publicly	ADV
taxlaw-2830	656	25	traded	trade	VERB
taxlaw-2830	656	26	partnerships	partnership	NOUN
taxlaw-2830	656	27	or	or	CCONJ
taxlaw-2830	656	28	reits	reit	NOUN
taxlaw-2830	656	29	.	.	PUNCT
taxlaw-2830	657	1	this	this	PRON
taxlaw-2830	657	2	has	have	AUX
taxlaw-2830	657	3	transpired	transpire	VERB
taxlaw-2830	657	4	because	because	SCONJ
taxlaw-2830	657	5	the	the	DET
taxlaw-2830	657	6	current	current	ADJ
taxlaw-2830	657	7	tax	tax	NOUN
taxlaw-2830	657	8	rules	rule	NOUN
taxlaw-2830	657	9	are	be	AUX
taxlaw-2830	657	10	easily	easily	ADV
taxlaw-2830	657	11	manipulated	manipulate	VERB
taxlaw-2830	657	12	,	,	PUNCT
taxlaw-2830	657	13	and	and	CCONJ
taxlaw-2830	657	14	,	,	PUNCT
taxlaw-2830	657	15	thus	thus	ADV
taxlaw-2830	657	16	,	,	PUNCT
taxlaw-2830	657	17	they	they	PRON
taxlaw-2830	657	18	invite	invite	VERB
taxlaw-2830	657	19	wasteful	wasteful	ADJ
taxlaw-2830	657	20	,	,	PUNCT
taxlaw-2830	657	21	elaborate	elaborate	ADJ
taxlaw-2830	657	22	tax	tax	NOUN
taxlaw-2830	657	23	structuring	structuring	NOUN
taxlaw-2830	657	24	.	.	PUNCT
taxlaw-2830	658	1	each	each	PRON
taxlaw-2830	658	2	of	of	ADP
taxlaw-2830	658	3	these	these	DET
taxlaw-2830	658	4	problematic	problematic	ADJ
taxlaw-2830	658	5	features	feature	NOUN
taxlaw-2830	658	6	of	of	ADP
taxlaw-2830	658	7	current	current	ADJ
taxlaw-2830	658	8	law	law	NOUN
taxlaw-2830	658	9	is	be	AUX
taxlaw-2830	658	10	discussed	discuss	VERB
taxlaw-2830	658	11	in	in	ADP
taxlaw-2830	658	12	more	more	ADJ
taxlaw-2830	658	13	detail	detail	NOUN
taxlaw-2830	658	14	below	below	ADV
taxlaw-2830	658	15	.	.	PUNCT
taxlaw-2830	659	1	a.	a.	NOUN
taxlaw-2830	659	2	overly	overly	ADV
taxlaw-2830	659	3	broad	broad	ADJ
taxlaw-2830	659	4	definition	definition	NOUN
taxlaw-2830	659	5	of	of	ADP
taxlaw-2830	659	6	qualifying	qualify	VERB
taxlaw-2830	659	7	income	income	NOUN
taxlaw-2830	659	8	as	as	SCONJ
taxlaw-2830	659	9	discussed	discuss	VERB
taxlaw-2830	659	10	above	above	ADV
taxlaw-2830	659	11	,	,	PUNCT
taxlaw-2830	659	12	the	the	DET
taxlaw-2830	659	13	only	only	ADJ
taxlaw-2830	659	14	convincing	convincing	ADJ
taxlaw-2830	659	15	justification	justification	NOUN
taxlaw-2830	659	16	articulated	articulate	VERB
taxlaw-2830	659	17	by	by	ADP
taxlaw-2830	659	18	legislative	legislative	ADJ
taxlaw-2830	659	19	history	history	NOUN
taxlaw-2830	659	20	suggests	suggest	VERB
taxlaw-2830	659	21	that	that	SCONJ
taxlaw-2830	659	22	qualifying	qualify	VERB
taxlaw-2830	659	23	income	income	NOUN
taxlaw-2830	659	24	ought	ought	AUX
taxlaw-2830	659	25	to	to	PART
taxlaw-2830	659	26	include	include	VERB
taxlaw-2830	659	27	only	only	ADJ
taxlaw-2830	659	28	income	income	NOUN
taxlaw-2830	659	29	that	that	SCONJ
taxlaw-2830	659	30	owners	owner	NOUN
taxlaw-2830	659	31	of	of	ADP
taxlaw-2830	659	32	the	the	DET
taxlaw-2830	659	33	publicly	publicly	ADV
taxlaw-2830	659	34	traded	trade	VERB
taxlaw-2830	659	35	entity	entity	NOUN
taxlaw-2830	659	36	could	could	AUX
taxlaw-2830	659	37	earn	earn	VERB
taxlaw-2830	659	38	directly	directly	ADV
taxlaw-2830	659	39	.	.	PUNCT
taxlaw-2830	660	1	the	the	DET
taxlaw-2830	660	2	current	current	ADJ
taxlaw-2830	660	3	definition	definition	NOUN
taxlaw-2830	660	4	of	of	ADP
taxlaw-2830	660	5	―qualifying	―qualifye	VERB
taxlaw-2830	660	6	income‖	income‖	X
taxlaw-2830	660	7	is	be	AUX
taxlaw-2830	660	8	much	much	ADV
taxlaw-2830	660	9	more	more	ADV
taxlaw-2830	660	10	expansive	expansive	ADJ
taxlaw-2830	660	11	than	than	ADP
taxlaw-2830	660	12	what	what	PRON
taxlaw-2830	660	13	is	be	AUX
taxlaw-2830	660	14	warranted	warrant	VERB
taxlaw-2830	660	15	by	by	ADP
taxlaw-2830	660	16	this	this	DET
taxlaw-2830	660	17	justification	justification	NOUN
taxlaw-2830	660	18	.	.	PUNCT
taxlaw-2830	661	1	115	115	NUM
taxlaw-2830	662	1	in	in	ADP
taxlaw-2830	662	2	particular	particular	ADJ
taxlaw-2830	662	3	,	,	PUNCT
taxlaw-2830	662	4	in	in	ADP
taxlaw-2830	662	5	many	many	ADJ
taxlaw-2830	662	6	cases	case	NOUN
taxlaw-2830	662	7	,	,	PUNCT
taxlaw-2830	662	8	the	the	DET
taxlaw-2830	662	9	current	current	ADJ
taxlaw-2830	662	10	definition	definition	NOUN
taxlaw-2830	662	11	mischaracterizes	mischaracterize	VERB
taxlaw-2830	662	12	as	as	ADP
taxlaw-2830	662	13	―qualifying	―qualifye	VERB
taxlaw-2830	662	14	income‖	income‖	ADP
taxlaw-2830	662	15	items	item	NOUN
taxlaw-2830	662	16	that	that	PRON
taxlaw-2830	662	17	could	could	AUX
taxlaw-2830	662	18	not	not	PART
taxlaw-2830	662	19	be	be	AUX
taxlaw-2830	662	20	earned	earn	VERB
taxlaw-2830	662	21	by	by	ADP
taxlaw-2830	662	22	the	the	DET
taxlaw-2830	662	23	owners	owner	NOUN
taxlaw-2830	662	24	of	of	ADP
taxlaw-2830	662	25	a	a	DET
taxlaw-2830	662	26	publicly	publicly	ADV
taxlaw-2830	662	27	traded	trade	VERB
taxlaw-2830	662	28	entity	entity	NOUN
taxlaw-2830	662	29	directly	directly	ADV
taxlaw-2830	662	30	.	.	PUNCT
taxlaw-2830	663	1	to	to	PART
taxlaw-2830	663	2	illustrate	illustrate	VERB
taxlaw-2830	663	3	the	the	DET
taxlaw-2830	663	4	overly	overly	ADV
taxlaw-2830	663	5	broad	broad	ADJ
taxlaw-2830	663	6	nature	nature	NOUN
taxlaw-2830	663	7	of	of	ADP
taxlaw-2830	663	8	the	the	DET
taxlaw-2830	663	9	current	current	ADJ
taxlaw-2830	663	10	definition	definition	NOUN
taxlaw-2830	663	11	of	of	ADP
taxlaw-2830	663	12	qualifying	qualify	VERB
taxlaw-2830	663	13	income	income	NOUN
taxlaw-2830	663	14	,	,	PUNCT
taxlaw-2830	663	15	consider	consider	VERB
taxlaw-2830	663	16	the	the	DET
taxlaw-2830	663	17	income	income	NOUN
taxlaw-2830	663	18	earned	earn	VERB
taxlaw-2830	663	19	by	by	ADP
taxlaw-2830	663	20	blackstone	blackstone	NOUN
taxlaw-2830	663	21	group	group	PROPN
taxlaw-2830	663	22	l.p	l.p	PROPN
taxlaw-2830	663	23	.	.	PROPN
taxlaw-2830	664	1	as	as	SCONJ
taxlaw-2830	664	2	discussed	discuss	VERB
taxlaw-2830	664	3	above	above	ADV
taxlaw-2830	664	4	,	,	PUNCT
taxlaw-2830	664	5	the	the	DET
taxlaw-2830	664	6	blackstone	blackstone	NOUN
taxlaw-2830	664	7	firm	firm	NOUN
taxlaw-2830	664	8	is	be	AUX
taxlaw-2830	664	9	a	a	DET
taxlaw-2830	664	10	firm	firm	NOUN
taxlaw-2830	664	11	that	that	PRON
taxlaw-2830	664	12	sponsors	sponsor	VERB
taxlaw-2830	664	13	various	various	ADJ
taxlaw-2830	664	14	hedge	hedge	NOUN
taxlaw-2830	664	15	funds	fund	NOUN
taxlaw-2830	664	16	,	,	PUNCT
taxlaw-2830	664	17	private	private	ADJ
taxlaw-2830	664	18	equity	equity	NOUN
taxlaw-2830	664	19	funds	fund	NOUN
taxlaw-2830	664	20	,	,	PUNCT
taxlaw-2830	664	21	and	and	CCONJ
taxlaw-2830	664	22	real	real	ADJ
taxlaw-2830	664	23	estate	estate	NOUN
taxlaw-2830	664	24	funds	fund	NOUN
taxlaw-2830	664	25	.	.	PUNCT
taxlaw-2830	665	1	116	116	NUM
taxlaw-2830	665	2	in	in	ADP
taxlaw-2830	665	3	exchange	exchange	NOUN
taxlaw-2830	665	4	,	,	PUNCT
taxlaw-2830	665	5	the	the	DET
taxlaw-2830	665	6	blackstone	blackstone	NOUN
taxlaw-2830	665	7	firm	firm	NOUN
taxlaw-2830	665	8	receives	receive	VERB
taxlaw-2830	665	9	management	management	NOUN
taxlaw-2830	665	10	fees	fee	NOUN
taxlaw-2830	665	11	and	and	CCONJ
taxlaw-2830	665	12	carried	carry	VERB
taxlaw-2830	665	13	interest	interest	NOUN
taxlaw-2830	665	14	(	(	PUNCT
taxlaw-2830	665	15	a	a	DET
taxlaw-2830	665	16	percentage	percentage	NOUN
taxlaw-2830	665	17	of	of	ADP
taxlaw-2830	665	18	the	the	DET
taxlaw-2830	665	19	profits	profit	NOUN
taxlaw-2830	665	20	earned	earn	VERB
taxlaw-2830	665	21	by	by	ADP
taxlaw-2830	665	22	each	each	DET
taxlaw-2830	665	23	fund	fund	NOUN
taxlaw-2830	665	24	)	)	PUNCT
taxlaw-2830	665	25	.	.	PUNCT
taxlaw-2830	666	1	blackstone	blackstone	NOUN
taxlaw-2830	666	2	group	group	PROPN
taxlaw-2830	666	3	l.p	l.p	PROPN
taxlaw-2830	666	4	.	.	PROPN
taxlaw-2830	666	5	is	be	AUX
taxlaw-2830	666	6	a	a	DET
taxlaw-2830	666	7	publicly	publicly	ADV
taxlaw-2830	666	8	traded	trade	VERB
taxlaw-2830	666	9	partnership	partnership	NOUN
taxlaw-2830	666	10	that	that	PRON
taxlaw-2830	666	11	is	be	AUX
taxlaw-2830	666	12	entitled	entitle	VERB
taxlaw-2830	666	13	to	to	PART
taxlaw-2830	666	14	receive	receive	VERB
taxlaw-2830	666	15	a	a	DET
taxlaw-2830	666	16	portion	portion	NOUN
taxlaw-2830	666	17	of	of	ADP
taxlaw-2830	666	18	the	the	DET
taxlaw-2830	666	19	management	management	NOUN
taxlaw-2830	666	20	fees	fee	NOUN
taxlaw-2830	666	21	and	and	CCONJ
taxlaw-2830	666	22	carried	carry	VERB
taxlaw-2830	666	23	interest	interest	NOUN
taxlaw-2830	666	24	earned	earn	VERB
taxlaw-2830	666	25	by	by	ADP
taxlaw-2830	666	26	the	the	DET
taxlaw-2830	666	27	blackstone	blackstone	NOUN
taxlaw-2830	666	28	firm	firm	NOUN
taxlaw-2830	666	29	.	.	PUNCT
taxlaw-2830	667	1	117	117	NUM
taxlaw-2830	667	2	some	some	PRON
taxlaw-2830	667	3	of	of	ADP
taxlaw-2830	667	4	the	the	DET
taxlaw-2830	667	5	carried	carry	VERB
taxlaw-2830	667	6	interest	interest	NOUN
taxlaw-2830	667	7	is	be	AUX
taxlaw-2830	667	8	classified	classify	VERB
taxlaw-2830	667	9	as	as	ADP
taxlaw-2830	667	10	qualifying	qualify	VERB
taxlaw-2830	667	11	income	income	NOUN
taxlaw-2830	667	12	under	under	ADP
taxlaw-2830	667	13	the	the	DET
taxlaw-2830	667	14	current	current	ADJ
taxlaw-2830	667	15	,	,	PUNCT
taxlaw-2830	667	16	overly	overly	ADV
taxlaw-2830	667	17	broad	broad	ADJ
taxlaw-2830	667	18	definition	definition	NOUN
taxlaw-2830	667	19	of	of	ADP
taxlaw-2830	667	20	that	that	DET
taxlaw-2830	667	21	term	term	NOUN
taxlaw-2830	667	22	,	,	PUNCT
taxlaw-2830	667	23	despite	despite	SCONJ
taxlaw-2830	667	24	the	the	DET
taxlaw-2830	667	25	fact	fact	NOUN
taxlaw-2830	667	26	that	that	SCONJ
taxlaw-2830	667	27	owners	owner	NOUN
taxlaw-2830	667	28	of	of	ADP
taxlaw-2830	667	29	blackstone	blackstone	NOUN
taxlaw-2830	667	30	group	group	PROPN
taxlaw-2830	667	31	l.p	l.p	PROPN
taxlaw-2830	667	32	.	.	PROPN
taxlaw-2830	667	33	could	could	AUX
taxlaw-2830	667	34	not	not	PART
taxlaw-2830	667	35	earn	earn	VERB
taxlaw-2830	667	36	the	the	DET
taxlaw-2830	667	37	income	income	NOUN
taxlaw-2830	667	38	directly	directly	ADV
taxlaw-2830	667	39	.	.	PUNCT
taxlaw-2830	668	1	118	118	NUM
taxlaw-2830	668	2	when	when	SCONJ
taxlaw-2830	668	3	a	a	DET
taxlaw-2830	668	4	private	private	ADJ
taxlaw-2830	668	5	equity	equity	NOUN
taxlaw-2830	668	6	fund	fund	NOUN
taxlaw-2830	668	7	sponsored	sponsor	VERB
taxlaw-2830	668	8	by	by	ADP
taxlaw-2830	668	9	the	the	DET
taxlaw-2830	668	10	blackstone	blackstone	NOUN
taxlaw-2830	668	11	firm	firm	NOUN
taxlaw-2830	668	12	acquires	acquire	VERB
taxlaw-2830	668	13	a	a	DET
taxlaw-2830	668	14	portfolio	portfolio	NOUN
taxlaw-2830	668	15	company	company	NOUN
taxlaw-2830	668	16	,	,	PUNCT
taxlaw-2830	668	17	the	the	DET
taxlaw-2830	668	18	blackstone	blackstone	PROPN
taxlaw-2830	668	19	firm‘s	firm‘s	PROPN
taxlaw-2830	668	20	management	management	NOUN
taxlaw-2830	668	21	will	will	AUX
taxlaw-2830	668	22	often	often	ADV
taxlaw-2830	668	23	dedicate	dedicate	VERB
taxlaw-2830	668	24	much	much	ADJ
taxlaw-2830	668	25	time	time	NOUN
taxlaw-2830	668	26	and	and	CCONJ
taxlaw-2830	668	27	effort	effort	NOUN
taxlaw-2830	668	28	to	to	ADP
taxlaw-2830	668	29	making	make	VERB
taxlaw-2830	668	30	decisions	decision	NOUN
taxlaw-2830	668	31	about	about	ADP
taxlaw-2830	668	32	how	how	SCONJ
taxlaw-2830	668	33	the	the	DET
taxlaw-2830	668	34	portfolio	portfolio	NOUN
taxlaw-2830	668	35	114	114	NUM
taxlaw-2830	668	36	for	for	ADP
taxlaw-2830	668	37	criticism	criticism	NOUN
taxlaw-2830	668	38	of	of	ADP
taxlaw-2830	668	39	cliff	cliff	NOUN
taxlaw-2830	668	40	effects	effect	NOUN
taxlaw-2830	668	41	in	in	ADP
taxlaw-2830	668	42	tax	tax	NOUN
taxlaw-2830	668	43	generally	generally	ADV
taxlaw-2830	668	44	,	,	PUNCT
taxlaw-2830	668	45	see	see	VERB
taxlaw-2830	668	46	lily	lily	ADJ
taxlaw-2830	668	47	l.	l.	PROPN
taxlaw-2830	668	48	batchelder	batchelder	PROPN
taxlaw-2830	668	49	,	,	PUNCT
taxlaw-2830	668	50	what	what	PRON
taxlaw-2830	668	51	should	should	AUX
taxlaw-2830	668	52	society	society	NOUN
taxlaw-2830	668	53	expect	expect	VERB
taxlaw-2830	668	54	from	from	ADP
taxlaw-2830	668	55	heirs	heir	NOUN
taxlaw-2830	668	56	?	?	PUNCT
taxlaw-2830	669	1	the	the	DET
taxlaw-2830	669	2	case	case	NOUN
taxlaw-2830	669	3	for	for	ADP
taxlaw-2830	669	4	a	a	DET
taxlaw-2830	669	5	comprehensive	comprehensive	ADJ
taxlaw-2830	669	6	inheritance	inheritance	NOUN
taxlaw-2830	669	7	tax	tax	NOUN
taxlaw-2830	669	8	,	,	PUNCT
taxlaw-2830	669	9	63	63	NUM
taxlaw-2830	669	10	tax	tax	NOUN
taxlaw-2830	669	11	l.	l.	PROPN
taxlaw-2830	669	12	rev	rev	PROPN
taxlaw-2830	669	13	.	.	PROPN
taxlaw-2830	669	14	1	1	NUM
taxlaw-2830	669	15	,	,	PUNCT
taxlaw-2830	669	16	91	91	NUM
taxlaw-2830	669	17	n.303	n.303	X
taxlaw-2830	669	18	(	(	PUNCT
taxlaw-2830	669	19	2009	2009	NUM
taxlaw-2830	669	20	)	)	PUNCT
taxlaw-2830	669	21	;	;	PUNCT
taxlaw-2830	669	22	karen	karen	PROPN
taxlaw-2830	669	23	c.	c.	PROPN
taxlaw-2830	669	24	burke	burke	PROPN
taxlaw-2830	669	25	&	&	CCONJ
taxlaw-2830	669	26	grayson	grayson	PROPN
taxlaw-2830	669	27	m.p	m.p	PROPN
taxlaw-2830	669	28	.	.	PROPN
taxlaw-2830	669	29	mccouch	mccouch	PROPN
taxlaw-2830	669	30	,	,	PUNCT
taxlaw-2830	669	31	death	death	NOUN
taxlaw-2830	669	32	without	without	ADP
taxlaw-2830	669	33	taxes	taxis	NOUN
taxlaw-2830	669	34	?	?	PUNCT
taxlaw-2830	669	35	,	,	PUNCT
taxlaw-2830	669	36	20	20	NUM
taxlaw-2830	669	37	va	va	NOUN
taxlaw-2830	669	38	.	.	PUNCT
taxlaw-2830	669	39	tax	tax	PROPN
taxlaw-2830	669	40	rev	rev	PROPN
taxlaw-2830	669	41	.	.	PROPN
taxlaw-2830	669	42	499	499	NUM
taxlaw-2830	669	43	,	,	PUNCT
taxlaw-2830	669	44	531	531	NUM
taxlaw-2830	669	45	(	(	PUNCT
taxlaw-2830	669	46	2001	2001	NUM
taxlaw-2830	669	47	)	)	PUNCT
taxlaw-2830	669	48	;	;	PUNCT
taxlaw-2830	669	49	glenn	glenn	PROPN
taxlaw-2830	669	50	e.	e.	PROPN
taxlaw-2830	669	51	coven	coven	PROPN
taxlaw-2830	669	52	,	,	PUNCT
taxlaw-2830	669	53	taxing	tax	VERB
taxlaw-2830	669	54	corporate	corporate	ADJ
taxlaw-2830	669	55	acquisitions	acquisition	NOUN
taxlaw-2830	669	56	:	:	PUNCT
taxlaw-2830	669	57	a	a	DET
taxlaw-2830	669	58	proposal	proposal	NOUN
taxlaw-2830	669	59	for	for	ADP
taxlaw-2830	669	60	mandatory	mandatory	ADJ
taxlaw-2830	669	61	uniform	uniform	ADJ
taxlaw-2830	669	62	rules	rule	NOUN
taxlaw-2830	669	63	,	,	PUNCT
taxlaw-2830	669	64	44	44	NUM
taxlaw-2830	669	65	tax	tax	NOUN
taxlaw-2830	669	66	l.	l.	PROPN
taxlaw-2830	669	67	rev	rev	PROPN
taxlaw-2830	669	68	.	.	PROPN
taxlaw-2830	669	69	145	145	NUM
taxlaw-2830	669	70	,	,	PUNCT
taxlaw-2830	669	71	174	174	NUM
taxlaw-2830	669	72	-	-	SYM
taxlaw-2830	669	73	75	75	NUM
taxlaw-2830	669	74	(	(	PUNCT
taxlaw-2830	669	75	1989	1989	NUM
taxlaw-2830	669	76	)	)	PUNCT
taxlaw-2830	669	77	;	;	PUNCT
taxlaw-2830	669	78	deborah	deborah	PROPN
taxlaw-2830	669	79	l.	l.	PROPN
taxlaw-2830	669	80	paul	paul	PROPN
taxlaw-2830	669	81	,	,	PUNCT
taxlaw-2830	669	82	the	the	DET
taxlaw-2830	669	83	taxation	taxation	NOUN
taxlaw-2830	669	84	of	of	ADP
taxlaw-2830	669	85	distressed	distressed	ADJ
taxlaw-2830	669	86	debt	debt	NOUN
taxlaw-2830	669	87	investments	investment	NOUN
taxlaw-2830	669	88	:	:	PUNCT
taxlaw-2830	669	89	taking	take	VERB
taxlaw-2830	669	90	stock	stock	NOUN
taxlaw-2830	669	91	,	,	PUNCT
taxlaw-2830	669	92	64	64	NUM
taxlaw-2830	669	93	tax	tax	NOUN
taxlaw-2830	669	94	law	law	NOUN
taxlaw-2830	669	95	.	.	PUNCT
taxlaw-2830	670	1	37	37	NUM
taxlaw-2830	670	2	,	,	PUNCT
taxlaw-2830	670	3	40	40	NUM
taxlaw-2830	670	4	(	(	PUNCT
taxlaw-2830	670	5	2010	2010	NUM
taxlaw-2830	670	6	)	)	PUNCT
taxlaw-2830	670	7	;	;	PUNCT
taxlaw-2830	670	8	clinton	clinton	PROPN
taxlaw-2830	670	9	g.	g.	PROPN
taxlaw-2830	670	10	wallace	wallace	PROPN
taxlaw-2830	670	11	,	,	PUNCT
taxlaw-2830	670	12	the	the	DET
taxlaw-2830	670	13	case	case	NOUN
taxlaw-2830	670	14	for	for	ADP
taxlaw-2830	670	15	tradable	tradable	ADJ
taxlaw-2830	670	16	tax	tax	NOUN
taxlaw-2830	670	17	credits	credit	NOUN
taxlaw-2830	670	18	,	,	PUNCT
taxlaw-2830	670	19	8	8	NUM
taxlaw-2830	670	20	n.y.u	n.y.u	NOUN
taxlaw-2830	670	21	.	.	PUNCT
taxlaw-2830	671	1	j.l	j.l	PROPN
taxlaw-2830	671	2	.	.	PROPN
taxlaw-2830	671	3	&	&	CCONJ
taxlaw-2830	671	4	bus	bus	PROPN
taxlaw-2830	671	5	.	.	PUNCT
taxlaw-2830	672	1	227	227	NUM
taxlaw-2830	672	2	,	,	PUNCT
taxlaw-2830	672	3	234	234	NUM
taxlaw-2830	672	4	(	(	PUNCT
taxlaw-2830	672	5	2011	2011	NUM
taxlaw-2830	672	6	)	)	PUNCT
taxlaw-2830	672	7	;	;	PUNCT
taxlaw-2830	672	8	lawrence	lawrence	PROPN
taxlaw-2830	672	9	zelenak	zelenak	PROPN
taxlaw-2830	672	10	,	,	PUNCT
taxlaw-2830	672	11	doing	do	VERB
taxlaw-2830	672	12	something	something	PRON
taxlaw-2830	672	13	about	about	ADP
taxlaw-2830	672	14	marriage	marriage	NOUN
taxlaw-2830	672	15	penalties	penalty	NOUN
taxlaw-2830	672	16	:	:	PUNCT
taxlaw-2830	672	17	a	a	DET
taxlaw-2830	672	18	guide	guide	NOUN
taxlaw-2830	672	19	for	for	ADP
taxlaw-2830	672	20	the	the	DET
taxlaw-2830	672	21	perplexed	perplexed	ADJ
taxlaw-2830	672	22	,	,	PUNCT
taxlaw-2830	672	23	54	54	NUM
taxlaw-2830	672	24	tax	tax	NOUN
taxlaw-2830	672	25	l.	l.	PROPN
taxlaw-2830	672	26	rev	rev	PROPN
taxlaw-2830	672	27	.	.	PROPN
taxlaw-2830	672	28	1	1	NUM
taxlaw-2830	672	29	,	,	PUNCT
taxlaw-2830	672	30	59	59	NUM
taxlaw-2830	672	31	(	(	PUNCT
taxlaw-2830	672	32	2000	2000	NUM
taxlaw-2830	672	33	)	)	PUNCT
taxlaw-2830	672	34	;	;	PUNCT
taxlaw-2830	672	35	lawrence	lawrence	PROPN
taxlaw-2830	672	36	zelenak	zelenak	PROPN
taxlaw-2830	672	37	,	,	PUNCT
taxlaw-2830	672	38	taxing	tax	VERB
taxlaw-2830	672	39	gains	gain	NOUN
taxlaw-2830	672	40	at	at	ADP
taxlaw-2830	672	41	death	death	NOUN
taxlaw-2830	672	42	,	,	PUNCT
taxlaw-2830	672	43	46	46	NUM
taxlaw-2830	672	44	vand	vand	NOUN
taxlaw-2830	672	45	.	.	PUNCT
taxlaw-2830	673	1	l.	l.	PROPN
taxlaw-2830	673	2	rev	rev	PROPN
taxlaw-2830	673	3	.	.	PROPN
taxlaw-2830	673	4	361	361	NUM
taxlaw-2830	673	5	,	,	PUNCT
taxlaw-2830	673	6	416	416	NUM
taxlaw-2830	673	7	-	-	SYM
taxlaw-2830	673	8	17	17	NUM
taxlaw-2830	673	9	(	(	PUNCT
taxlaw-2830	673	10	1993	1993	NUM
taxlaw-2830	673	11	)	)	PUNCT
taxlaw-2830	673	12	.	.	PUNCT
taxlaw-2830	674	1	for	for	ADP
taxlaw-2830	674	2	further	further	ADJ
taxlaw-2830	674	3	discussion	discussion	NOUN
taxlaw-2830	674	4	of	of	ADP
taxlaw-2830	674	5	gradual	gradual	ADJ
taxlaw-2830	674	6	versus	versus	ADP
taxlaw-2830	674	7	discontinuous	discontinuous	ADJ
taxlaw-2830	674	8	rules	rule	NOUN
taxlaw-2830	674	9	,	,	PUNCT
taxlaw-2830	674	10	see	see	VERB
taxlaw-2830	674	11	,	,	PUNCT
taxlaw-2830	674	12	e.g.	e.g.	ADV
taxlaw-2830	674	13	,	,	PUNCT
taxlaw-2830	674	14	andrew	andrew	PROPN
taxlaw-2830	674	15	blair	blair	PROPN
taxlaw-2830	674	16	-	-	PUNCT
taxlaw-2830	674	17	stanek	stanek	PROPN
taxlaw-2830	674	18	,	,	PUNCT
taxlaw-2830	674	19	tax	tax	NOUN
taxlaw-2830	674	20	in	in	ADP
taxlaw-2830	674	21	the	the	DET
taxlaw-2830	674	22	cathedral	cathedral	NOUN
taxlaw-2830	674	23	:	:	PUNCT
taxlaw-2830	674	24	property	property	NOUN
taxlaw-2830	674	25	rules	rule	NOUN
taxlaw-2830	674	26	,	,	PUNCT
taxlaw-2830	674	27	liability	liability	NOUN
taxlaw-2830	674	28	rules	rule	NOUN
taxlaw-2830	674	29	,	,	PUNCT
taxlaw-2830	674	30	and	and	CCONJ
taxlaw-2830	674	31	tax	tax	NOUN
taxlaw-2830	674	32	,	,	PUNCT
taxlaw-2830	674	33	99	99	NUM
taxlaw-2830	674	34	va	va	NOUN
taxlaw-2830	674	35	.	.	PUNCT
taxlaw-2830	675	1	l.	l.	PROPN
taxlaw-2830	675	2	rev	rev	PROPN
taxlaw-2830	675	3	.	.	PROPN
taxlaw-2830	675	4	1169	1169	NUM
taxlaw-2830	675	5	(	(	PUNCT
taxlaw-2830	675	6	2013	2013	NUM
taxlaw-2830	675	7	)	)	PUNCT
taxlaw-2830	675	8	.	.	PUNCT
taxlaw-2830	676	1	115	115	NUM
taxlaw-2830	677	1	for	for	ADP
taxlaw-2830	677	2	additional	additional	ADJ
taxlaw-2830	677	3	discussion	discussion	NOUN
taxlaw-2830	677	4	of	of	ADP
taxlaw-2830	677	5	the	the	DET
taxlaw-2830	677	6	overly	overly	ADV
taxlaw-2830	677	7	broad	broad	ADJ
taxlaw-2830	677	8	nature	nature	NOUN
taxlaw-2830	677	9	of	of	ADP
taxlaw-2830	677	10	the	the	DET
taxlaw-2830	677	11	definition	definition	NOUN
taxlaw-2830	677	12	of	of	ADP
taxlaw-2830	677	13	―qualifying	―qualifye	VERB
taxlaw-2830	677	14	income‖	income‖	X
taxlaw-2830	677	15	in	in	ADP
taxlaw-2830	677	16	the	the	DET
taxlaw-2830	677	17	publicly	publicly	ADV
taxlaw-2830	677	18	traded	trade	VERB
taxlaw-2830	677	19	partnership	partnership	NOUN
taxlaw-2830	677	20	context	context	NOUN
taxlaw-2830	677	21	,	,	PUNCT
taxlaw-2830	677	22	see	see	VERB
taxlaw-2830	677	23	,	,	PUNCT
taxlaw-2830	677	24	cauble	cauble	NOUN
taxlaw-2830	677	25	,	,	PUNCT
taxlaw-2830	677	26	supra	supra	PROPN
taxlaw-2830	677	27	note	note	NOUN
taxlaw-2830	677	28	15	15	NUM
taxlaw-2830	677	29	.	.	PUNCT
taxlaw-2830	678	1	for	for	ADP
taxlaw-2830	678	2	ease	ease	NOUN
taxlaw-2830	678	3	of	of	ADP
taxlaw-2830	678	4	discussion	discussion	NOUN
taxlaw-2830	678	5	,	,	PUNCT
taxlaw-2830	678	6	i	i	PRON
taxlaw-2830	678	7	refer	refer	VERB
taxlaw-2830	678	8	to	to	ADP
taxlaw-2830	678	9	one	one	NUM
taxlaw-2830	678	10	definition	definition	NOUN
taxlaw-2830	678	11	of	of	ADP
taxlaw-2830	678	12	―qualifying	―qualifye	VERB
taxlaw-2830	678	13	income‖	income‖	PROPN
taxlaw-2830	678	14	in	in	ADP
taxlaw-2830	678	15	the	the	DET
taxlaw-2830	678	16	text	text	NOUN
taxlaw-2830	678	17	.	.	PUNCT
taxlaw-2830	679	1	in	in	ADP
taxlaw-2830	679	2	reality	reality	NOUN
taxlaw-2830	679	3	,	,	PUNCT
taxlaw-2830	679	4	there	there	PRON
taxlaw-2830	679	5	are	be	VERB
taxlaw-2830	679	6	multiple	multiple	ADJ
taxlaw-2830	679	7	definitions	definition	NOUN
taxlaw-2830	679	8	as	as	SCONJ
taxlaw-2830	679	9	the	the	DET
taxlaw-2830	679	10	term	term	NOUN
taxlaw-2830	679	11	is	be	AUX
taxlaw-2830	679	12	defined	define	VERB
taxlaw-2830	679	13	in	in	ADP
taxlaw-2830	679	14	the	the	DET
taxlaw-2830	679	15	publicly	publicly	ADV
taxlaw-2830	679	16	traded	trade	VERB
taxlaw-2830	679	17	partnership	partnership	NOUN
taxlaw-2830	679	18	context	context	NOUN
taxlaw-2830	679	19	in	in	ADP
taxlaw-2830	679	20	a	a	DET
taxlaw-2830	679	21	different	different	ADJ
taxlaw-2830	679	22	way	way	NOUN
taxlaw-2830	679	23	from	from	ADP
taxlaw-2830	679	24	the	the	DET
taxlaw-2830	679	25	manner	manner	NOUN
taxlaw-2830	679	26	in	in	ADP
taxlaw-2830	679	27	which	which	PRON
taxlaw-2830	679	28	it	it	PRON
taxlaw-2830	679	29	is	be	AUX
taxlaw-2830	679	30	defined	define	VERB
taxlaw-2830	679	31	in	in	ADP
taxlaw-2830	679	32	the	the	DET
taxlaw-2830	679	33	reit	reit	NOUN
taxlaw-2830	679	34	context	context	NOUN
taxlaw-2830	679	35	.	.	PUNCT
taxlaw-2830	680	1	116	116	NUM
taxlaw-2830	680	2	see	see	VERB
taxlaw-2830	680	3	supra	supra	PROPN
taxlaw-2830	680	4	note	note	PROPN
taxlaw-2830	680	5	59	59	NUM
taxlaw-2830	680	6	and	and	CCONJ
taxlaw-2830	680	7	accompanying	accompany	VERB
taxlaw-2830	680	8	text	text	NOUN
taxlaw-2830	680	9	.	.	PUNCT
taxlaw-2830	681	1	117	117	NUM
taxlaw-2830	681	2	see	see	VERB
taxlaw-2830	681	3	supra	supra	PROPN
taxlaw-2830	681	4	notes	note	NOUN
taxlaw-2830	681	5	60–61	60–61	NUM
taxlaw-2830	681	6	and	and	CCONJ
taxlaw-2830	681	7	accompanying	accompany	VERB
taxlaw-2830	681	8	text	text	NOUN
taxlaw-2830	681	9	.	.	PUNCT
taxlaw-2830	682	1	118	118	NUM
taxlaw-2830	682	2	see	see	VERB
taxlaw-2830	682	3	also	also	ADV
taxlaw-2830	682	4	fleischer	fleischer	NOUN
taxlaw-2830	682	5	,	,	PUNCT
taxlaw-2830	682	6	supra	supra	PROPN
taxlaw-2830	682	7	note	note	NOUN
taxlaw-2830	682	8	12	12	NUM
taxlaw-2830	682	9	,	,	PUNCT
taxlaw-2830	682	10	at	at	ADP
taxlaw-2830	682	11	109–10	109–10	PROPN
taxlaw-2830	682	12	(	(	PUNCT
taxlaw-2830	682	13	―public	―public	ADJ
taxlaw-2830	682	14	investors	investor	NOUN
taxlaw-2830	682	15	can	can	AUX
taxlaw-2830	682	16	not	not	PART
taxlaw-2830	682	17	independently	independently	ADV
taxlaw-2830	682	18	acquire	acquire	VERB
taxlaw-2830	682	19	a	a	DET
taxlaw-2830	682	20	general	general	ADJ
taxlaw-2830	682	21	partnership	partnership	NOUN
taxlaw-2830	682	22	investment	investment	NOUN
taxlaw-2830	682	23	in	in	ADP
taxlaw-2830	682	24	a	a	DET
taxlaw-2830	682	25	blackstone	blackstone	NOUN
taxlaw-2830	682	26	fund	fund	NOUN
taxlaw-2830	682	27	or	or	CCONJ
taxlaw-2830	682	28	a	a	DET
taxlaw-2830	682	29	share	share	NOUN
taxlaw-2830	682	30	in	in	ADP
taxlaw-2830	682	31	blackstone‘s	blackstone‘s	NOUN
taxlaw-2830	682	32	deal	deal	NOUN
taxlaw-2830	682	33	advisory	advisory	ADJ
taxlaw-2830	682	34	or	or	CCONJ
taxlaw-2830	682	35	restructuring	restructuring	NOUN
taxlaw-2830	682	36	business	business	NOUN
taxlaw-2830	682	37	.	.	PUNCT
taxlaw-2830	683	1	this	this	PRON
taxlaw-2830	683	2	indicates	indicate	VERB
taxlaw-2830	683	3	that	that	SCONJ
taxlaw-2830	683	4	blackstone	blackstone	NOUN
taxlaw-2830	683	5	is	be	AUX
taxlaw-2830	683	6	not	not	PART
taxlaw-2830	683	7	merely	merely	ADV
taxlaw-2830	683	8	acting	act	VERB
taxlaw-2830	683	9	as	as	ADP
taxlaw-2830	683	10	a	a	DET
taxlaw-2830	683	11	conduit	conduit	NOUN
taxlaw-2830	683	12	,	,	PUNCT
taxlaw-2830	683	13	but	but	CCONJ
taxlaw-2830	683	14	rather	rather	ADV
taxlaw-2830	683	15	is	be	AUX
taxlaw-2830	683	16	conducting	conduct	VERB
taxlaw-2830	683	17	active	active	ADJ
taxlaw-2830	683	18	business	business	NOUN
taxlaw-2830	683	19	activities.‖	activities.‖	NOUN
taxlaw-2830	683	20	)	)	PUNCT
taxlaw-2830	683	21	.	.	PUNCT
taxlaw-2830	684	1	columbia	columbia	PROPN
taxlaw-2830	684	2	journal	journal	PROPN
taxlaw-2830	684	3	of	of	ADP
taxlaw-2830	684	4	tax	tax	NOUN
taxlaw-2830	684	5	law	law	NOUN
taxlaw-2830	684	6	[	[	X
taxlaw-2830	684	7	vol.6:147	vol.6:147	PROPN
taxlaw-2830	684	8	170	170	NUM
taxlaw-2830	684	9	company	company	NOUN
taxlaw-2830	684	10	should	should	AUX
taxlaw-2830	684	11	be	be	AUX
taxlaw-2830	684	12	restructured	restructure	VERB
taxlaw-2830	684	13	in	in	ADP
taxlaw-2830	684	14	order	order	NOUN
taxlaw-2830	684	15	to	to	PART
taxlaw-2830	684	16	increase	increase	VERB
taxlaw-2830	684	17	the	the	DET
taxlaw-2830	684	18	return	return	NOUN
taxlaw-2830	684	19	the	the	DET
taxlaw-2830	684	20	fund	fund	NOUN
taxlaw-2830	684	21	can	can	AUX
taxlaw-2830	684	22	earn	earn	VERB
taxlaw-2830	684	23	from	from	ADP
taxlaw-2830	684	24	selling	sell	VERB
taxlaw-2830	684	25	the	the	DET
taxlaw-2830	684	26	company	company	NOUN
taxlaw-2830	684	27	.	.	PUNCT
taxlaw-2830	685	1	119	119	NUM
taxlaw-2830	685	2	there	there	PRON
taxlaw-2830	685	3	is	be	VERB
taxlaw-2830	685	4	no	no	DET
taxlaw-2830	685	5	reason	reason	NOUN
taxlaw-2830	685	6	to	to	PART
taxlaw-2830	685	7	believe	believe	VERB
taxlaw-2830	685	8	that	that	SCONJ
taxlaw-2830	685	9	the	the	DET
taxlaw-2830	685	10	owners	owner	NOUN
taxlaw-2830	685	11	of	of	ADP
taxlaw-2830	685	12	blackstone	blackstone	NOUN
taxlaw-2830	685	13	group	group	PROPN
taxlaw-2830	685	14	l.p	l.p	PROPN
taxlaw-2830	685	15	.	.	PROPN
taxlaw-2830	685	16	would	would	AUX
taxlaw-2830	685	17	have	have	VERB
taxlaw-2830	685	18	the	the	DET
taxlaw-2830	685	19	ability	ability	NOUN
taxlaw-2830	685	20	or	or	CCONJ
taxlaw-2830	685	21	the	the	DET
taxlaw-2830	685	22	inclination	inclination	NOUN
taxlaw-2830	685	23	to	to	PART
taxlaw-2830	685	24	devote	devote	VERB
taxlaw-2830	685	25	similar	similar	ADJ
taxlaw-2830	685	26	time	time	NOUN
taxlaw-2830	685	27	and	and	CCONJ
taxlaw-2830	685	28	efforts	effort	NOUN
taxlaw-2830	685	29	on	on	ADP
taxlaw-2830	685	30	their	their	PRON
taxlaw-2830	685	31	own	own	ADJ
taxlaw-2830	685	32	.	.	PUNCT
taxlaw-2830	686	1	therefore	therefore	ADV
taxlaw-2830	686	2	,	,	PUNCT
taxlaw-2830	686	3	the	the	DET
taxlaw-2830	686	4	owners	owner	NOUN
taxlaw-2830	686	5	of	of	ADP
taxlaw-2830	686	6	blackstone	blackstone	NOUN
taxlaw-2830	686	7	group	group	PROPN
taxlaw-2830	686	8	l.p	l.p	PROPN
taxlaw-2830	686	9	.	.	PROPN
taxlaw-2830	686	10	could	could	AUX
taxlaw-2830	686	11	not	not	PART
taxlaw-2830	686	12	earn	earn	VERB
taxlaw-2830	686	13	,	,	PUNCT
taxlaw-2830	686	14	directly	directly	ADV
taxlaw-2830	686	15	,	,	PUNCT
taxlaw-2830	686	16	the	the	DET
taxlaw-2830	686	17	carried	carry	VERB
taxlaw-2830	686	18	interest	interest	NOUN
taxlaw-2830	686	19	generated	generate	VERB
taxlaw-2830	686	20	from	from	ADP
taxlaw-2830	686	21	sale	sale	NOUN
taxlaw-2830	686	22	of	of	ADP
taxlaw-2830	686	23	the	the	DET
taxlaw-2830	686	24	portfolio	portfolio	NOUN
taxlaw-2830	686	25	company	company	NOUN
taxlaw-2830	686	26	.	.	PUNCT
taxlaw-2830	687	1	even	even	ADV
taxlaw-2830	687	2	if	if	SCONJ
taxlaw-2830	687	3	we	we	PRON
taxlaw-2830	687	4	disregard	disregard	VERB
taxlaw-2830	687	5	the	the	DET
taxlaw-2830	687	6	blackstone	blackstone	NOUN
taxlaw-2830	687	7	firm‘s	firm‘s	PROPN
taxlaw-2830	687	8	management‘s	management‘s	PROPN
taxlaw-2830	687	9	active	active	ADJ
taxlaw-2830	687	10	involvement	involvement	NOUN
taxlaw-2830	687	11	in	in	ADP
taxlaw-2830	687	12	restructuring	restructure	VERB
taxlaw-2830	687	13	a	a	DET
taxlaw-2830	687	14	portfolio	portfolio	NOUN
taxlaw-2830	687	15	company	company	NOUN
taxlaw-2830	687	16	,	,	PUNCT
taxlaw-2830	687	17	it	it	PRON
taxlaw-2830	687	18	is	be	AUX
taxlaw-2830	687	19	also	also	ADV
taxlaw-2830	687	20	true	true	ADJ
taxlaw-2830	687	21	that	that	SCONJ
taxlaw-2830	687	22	funds	fund	NOUN
taxlaw-2830	687	23	sponsored	sponsor	VERB
taxlaw-2830	687	24	by	by	ADP
taxlaw-2830	687	25	the	the	DET
taxlaw-2830	687	26	blackstone	blackstone	NOUN
taxlaw-2830	687	27	firm	firm	NOUN
taxlaw-2830	687	28	can	can	AUX
taxlaw-2830	687	29	acquire	acquire	VERB
taxlaw-2830	687	30	non	non	ADJ
taxlaw-2830	687	31	-	-	ADJ
taxlaw-2830	687	32	publicly	publicly	ADV
taxlaw-2830	687	33	traded	trade	VERB
taxlaw-2830	687	34	assets	asset	NOUN
taxlaw-2830	687	35	that	that	PRON
taxlaw-2830	687	36	require	require	VERB
taxlaw-2830	687	37	large	large	ADJ
taxlaw-2830	687	38	investments	investment	NOUN
taxlaw-2830	687	39	,	,	PUNCT
taxlaw-2830	687	40	such	such	ADJ
taxlaw-2830	687	41	as	as	ADP
taxlaw-2830	687	42	ownership	ownership	NOUN
taxlaw-2830	687	43	interests	interest	NOUN
taxlaw-2830	687	44	in	in	ADP
taxlaw-2830	687	45	privately	privately	ADV
taxlaw-2830	687	46	held	hold	VERB
taxlaw-2830	687	47	portfolio	portfolio	NOUN
taxlaw-2830	687	48	companies	company	NOUN
taxlaw-2830	687	49	.	.	PUNCT
taxlaw-2830	688	1	owners	owner	NOUN
taxlaw-2830	688	2	of	of	ADP
taxlaw-2830	688	3	blackstone	blackstone	PROPN
taxlaw-2830	688	4	group	group	PROPN
taxlaw-2830	688	5	l.p	l.p	PROPN
taxlaw-2830	688	6	.	.	PROPN
taxlaw-2830	688	7	could	could	AUX
taxlaw-2830	688	8	not	not	PART
taxlaw-2830	688	9	have	have	AUX
taxlaw-2830	688	10	acquired	acquire	VERB
taxlaw-2830	688	11	these	these	DET
taxlaw-2830	688	12	non	non	ADJ
taxlaw-2830	688	13	-	-	ADJ
taxlaw-2830	688	14	publicly	publicly	ADV
taxlaw-2830	688	15	traded	trade	VERB
taxlaw-2830	688	16	assets	asset	NOUN
taxlaw-2830	688	17	directly	directly	ADV
taxlaw-2830	688	18	given	give	VERB
taxlaw-2830	688	19	that	that	SCONJ
taxlaw-2830	688	20	they	they	PRON
taxlaw-2830	688	21	,	,	PUNCT
taxlaw-2830	688	22	individually	individually	ADV
taxlaw-2830	688	23	,	,	PUNCT
taxlaw-2830	688	24	invest	invest	VERB
taxlaw-2830	688	25	only	only	ADV
taxlaw-2830	688	26	small	small	ADJ
taxlaw-2830	688	27	amounts	amount	NOUN
taxlaw-2830	688	28	.	.	PUNCT
taxlaw-2830	689	1	therefore	therefore	ADV
taxlaw-2830	689	2	,	,	PUNCT
taxlaw-2830	689	3	owners	owner	NOUN
taxlaw-2830	689	4	of	of	ADP
taxlaw-2830	689	5	blackstone	blackstone	NOUN
taxlaw-2830	689	6	group	group	PROPN
taxlaw-2830	689	7	l.p	l.p	PROPN
taxlaw-2830	689	8	.	.	PROPN
taxlaw-2830	689	9	could	could	AUX
taxlaw-2830	689	10	not	not	PART
taxlaw-2830	689	11	directly	directly	ADV
taxlaw-2830	689	12	earn	earn	VERB
taxlaw-2830	689	13	the	the	DET
taxlaw-2830	689	14	carried	carry	VERB
taxlaw-2830	689	15	interest	interest	NOUN
taxlaw-2830	689	16	attributable	attributable	ADJ
taxlaw-2830	689	17	to	to	ADP
taxlaw-2830	689	18	sale	sale	NOUN
taxlaw-2830	689	19	of	of	ADP
taxlaw-2830	689	20	a	a	DET
taxlaw-2830	689	21	privately	privately	ADV
taxlaw-2830	689	22	held	hold	VERB
taxlaw-2830	689	23	portfolio	portfolio	NOUN
taxlaw-2830	689	24	company	company	NOUN
taxlaw-2830	689	25	.	.	PUNCT
taxlaw-2830	690	1	finally	finally	ADV
taxlaw-2830	690	2	,	,	PUNCT
taxlaw-2830	690	3	even	even	ADV
taxlaw-2830	690	4	in	in	ADP
taxlaw-2830	690	5	the	the	DET
taxlaw-2830	690	6	case	case	NOUN
taxlaw-2830	690	7	of	of	ADP
taxlaw-2830	690	8	any	any	DET
taxlaw-2830	690	9	carried	carry	VERB
taxlaw-2830	690	10	interest	interest	NOUN
taxlaw-2830	690	11	that	that	PRON
taxlaw-2830	690	12	may	may	AUX
taxlaw-2830	690	13	be	be	AUX
taxlaw-2830	690	14	attributable	attributable	ADJ
taxlaw-2830	690	15	to	to	ADP
taxlaw-2830	690	16	a	a	DET
taxlaw-2830	690	17	fund‘s	fund‘s	PROPN
taxlaw-2830	690	18	sale	sale	NOUN
taxlaw-2830	690	19	of	of	ADP
taxlaw-2830	690	20	publicly	publicly	ADV
taxlaw-2830	690	21	traded	trade	VERB
taxlaw-2830	690	22	stock	stock	NOUN
taxlaw-2830	690	23	,	,	PUNCT
taxlaw-2830	690	24	owners	owner	NOUN
taxlaw-2830	690	25	of	of	ADP
taxlaw-2830	690	26	blackstone	blackstone	NOUN
taxlaw-2830	690	27	group	group	PROPN
taxlaw-2830	690	28	l.p	l.p	PROPN
taxlaw-2830	690	29	.	.	PROPN
taxlaw-2830	690	30	could	could	AUX
taxlaw-2830	690	31	not	not	PART
taxlaw-2830	690	32	have	have	AUX
taxlaw-2830	690	33	earned	earn	VERB
taxlaw-2830	690	34	the	the	DET
taxlaw-2830	690	35	carried	carry	VERB
taxlaw-2830	690	36	interest	interest	NOUN
taxlaw-2830	690	37	directly	directly	ADV
taxlaw-2830	690	38	.	.	PUNCT
taxlaw-2830	691	1	if	if	SCONJ
taxlaw-2830	691	2	the	the	DET
taxlaw-2830	691	3	underlying	underlie	VERB
taxlaw-2830	691	4	stock	stock	NOUN
taxlaw-2830	691	5	is	be	AUX
taxlaw-2830	691	6	publicly	publicly	ADV
taxlaw-2830	691	7	traded	trade	VERB
taxlaw-2830	691	8	,	,	PUNCT
taxlaw-2830	691	9	owners	owner	NOUN
taxlaw-2830	691	10	of	of	ADP
taxlaw-2830	691	11	blackstone	blackstone	NOUN
taxlaw-2830	691	12	group	group	PROPN
taxlaw-2830	691	13	l.p	l.p	PROPN
taxlaw-2830	691	14	.	.	PROPN
taxlaw-2830	691	15	could	could	AUX
taxlaw-2830	691	16	acquire	acquire	VERB
taxlaw-2830	691	17	a	a	DET
taxlaw-2830	691	18	direct	direct	ADJ
taxlaw-2830	691	19	interest	interest	NOUN
taxlaw-2830	691	20	in	in	ADP
taxlaw-2830	691	21	the	the	DET
taxlaw-2830	691	22	underlying	underlie	VERB
taxlaw-2830	691	23	stock	stock	NOUN
taxlaw-2830	691	24	.	.	PUNCT
taxlaw-2830	692	1	however	however	ADV
taxlaw-2830	692	2	,	,	PUNCT
taxlaw-2830	692	3	carried	carry	VERB
taxlaw-2830	692	4	interest	interest	NOUN
taxlaw-2830	692	5	represents	represent	VERB
taxlaw-2830	692	6	the	the	DET
taxlaw-2830	692	7	blackstone	blackstone	NOUN
taxlaw-2830	692	8	firm‘s	firm‘s	PROPN
taxlaw-2830	692	9	entitlement	entitlement	NOUN
taxlaw-2830	692	10	to	to	ADP
taxlaw-2830	692	11	profits	profit	NOUN
taxlaw-2830	692	12	earned	earn	VERB
taxlaw-2830	692	13	by	by	ADP
taxlaw-2830	692	14	a	a	DET
taxlaw-2830	692	15	fund	fund	NOUN
taxlaw-2830	692	16	that	that	PRON
taxlaw-2830	692	17	are	be	AUX
taxlaw-2830	692	18	not	not	PART
taxlaw-2830	692	19	attributable	attributable	ADJ
taxlaw-2830	692	20	to	to	ADP
taxlaw-2830	692	21	the	the	DET
taxlaw-2830	692	22	blackstone	blackstone	NOUN
taxlaw-2830	692	23	firm‘s	firm‘s	PROPN
taxlaw-2830	692	24	capital	capital	NOUN
taxlaw-2830	692	25	investment	investment	NOUN
taxlaw-2830	692	26	.	.	PUNCT
taxlaw-2830	693	1	therefore	therefore	ADV
taxlaw-2830	693	2	,	,	PUNCT
taxlaw-2830	693	3	an	an	DET
taxlaw-2830	693	4	owner	owner	NOUN
taxlaw-2830	693	5	of	of	ADP
taxlaw-2830	693	6	blackstone	blackstone	PROPN
taxlaw-2830	693	7	group	group	PROPN
taxlaw-2830	693	8	l.p	l.p	PROPN
taxlaw-2830	693	9	.	.	PROPN
taxlaw-2830	693	10	could	could	AUX
taxlaw-2830	693	11	not	not	PART
taxlaw-2830	693	12	simply	simply	ADV
taxlaw-2830	693	13	purchase	purchase	VERB
taxlaw-2830	693	14	a	a	DET
taxlaw-2830	693	15	small	small	ADJ
taxlaw-2830	693	16	interest	interest	NOUN
taxlaw-2830	693	17	in	in	ADP
taxlaw-2830	693	18	the	the	DET
taxlaw-2830	693	19	underlying	underlie	VERB
taxlaw-2830	693	20	publicly	publicly	ADV
taxlaw-2830	693	21	traded	trade	VERB
taxlaw-2830	693	22	stock	stock	NOUN
taxlaw-2830	693	23	owned	own	VERB
taxlaw-2830	693	24	by	by	ADP
taxlaw-2830	693	25	a	a	DET
taxlaw-2830	693	26	fund	fund	NOUN
taxlaw-2830	693	27	in	in	ADP
taxlaw-2830	693	28	order	order	NOUN
taxlaw-2830	693	29	to	to	PART
taxlaw-2830	693	30	mimic	mimic	VERB
taxlaw-2830	693	31	the	the	DET
taxlaw-2830	693	32	economic	economic	ADJ
taxlaw-2830	693	33	consequences	consequence	NOUN
taxlaw-2830	693	34	of	of	ADP
taxlaw-2830	693	35	holding	hold	VERB
taxlaw-2830	693	36	,	,	PUNCT
taxlaw-2830	693	37	indirectly	indirectly	ADV
taxlaw-2830	693	38	,	,	PUNCT
taxlaw-2830	693	39	a	a	DET
taxlaw-2830	693	40	share	share	NOUN
taxlaw-2830	693	41	of	of	ADP
taxlaw-2830	693	42	a	a	DET
taxlaw-2830	693	43	profit‘s	profit‘s	NOUN
taxlaw-2830	693	44	interest	interest	NOUN
taxlaw-2830	693	45	in	in	ADP
taxlaw-2830	693	46	the	the	DET
taxlaw-2830	693	47	fund	fund	NOUN
taxlaw-2830	693	48	.	.	PUNCT
taxlaw-2830	694	1	purchasing	purchase	VERB
taxlaw-2830	694	2	a	a	DET
taxlaw-2830	694	3	small	small	ADJ
taxlaw-2830	694	4	interest	interest	NOUN
taxlaw-2830	694	5	in	in	ADP
taxlaw-2830	694	6	the	the	DET
taxlaw-2830	694	7	underlying	underlie	VERB
taxlaw-2830	694	8	stock	stock	NOUN
taxlaw-2830	694	9	would	would	AUX
taxlaw-2830	694	10	allow	allow	VERB
taxlaw-2830	694	11	the	the	DET
taxlaw-2830	694	12	individual	individual	NOUN
taxlaw-2830	694	13	to	to	PART
taxlaw-2830	694	14	earn	earn	VERB
taxlaw-2830	694	15	the	the	DET
taxlaw-2830	694	16	profits	profit	NOUN
taxlaw-2830	694	17	generated	generate	VERB
taxlaw-2830	694	18	by	by	ADP
taxlaw-2830	694	19	the	the	DET
taxlaw-2830	694	20	stock	stock	NOUN
taxlaw-2830	694	21	,	,	PUNCT
taxlaw-2830	694	22	but	but	CCONJ
taxlaw-2830	694	23	holding	hold	VERB
taxlaw-2830	694	24	a	a	DET
taxlaw-2830	694	25	direct	direct	ADJ
taxlaw-2830	694	26	interest	interest	NOUN
taxlaw-2830	694	27	in	in	ADP
taxlaw-2830	694	28	the	the	DET
taxlaw-2830	694	29	underlying	underlie	VERB
taxlaw-2830	694	30	stock	stock	NOUN
taxlaw-2830	694	31	would	would	AUX
taxlaw-2830	694	32	also	also	ADV
taxlaw-2830	694	33	expose	expose	VERB
taxlaw-2830	694	34	the	the	DET
taxlaw-2830	694	35	individual	individual	NOUN
taxlaw-2830	694	36	to	to	ADP
taxlaw-2830	694	37	the	the	DET
taxlaw-2830	694	38	risk	risk	NOUN
taxlaw-2830	694	39	of	of	ADP
taxlaw-2830	694	40	losing	lose	VERB
taxlaw-2830	694	41	the	the	DET
taxlaw-2830	694	42	capital	capital	NOUN
taxlaw-2830	694	43	invested	invest	VERB
taxlaw-2830	694	44	unlike	unlike	ADP
taxlaw-2830	694	45	holding	hold	VERB
taxlaw-2830	694	46	a	a	DET
taxlaw-2830	694	47	right	right	NOUN
taxlaw-2830	694	48	to	to	PART
taxlaw-2830	694	49	carried	carry	VERB
taxlaw-2830	694	50	interest	interest	NOUN
taxlaw-2830	694	51	generated	generate	VERB
taxlaw-2830	694	52	from	from	ADP
taxlaw-2830	694	53	sale	sale	NOUN
taxlaw-2830	694	54	of	of	ADP
taxlaw-2830	694	55	the	the	DET
taxlaw-2830	694	56	stock	stock	NOUN
taxlaw-2830	694	57	.	.	PUNCT
taxlaw-2830	695	1	stated	state	VERB
taxlaw-2830	695	2	differently	differently	ADV
taxlaw-2830	695	3	,	,	PUNCT
taxlaw-2830	695	4	although	although	SCONJ
taxlaw-2830	695	5	owners	owner	NOUN
taxlaw-2830	695	6	of	of	ADP
taxlaw-2830	695	7	blackstone	blackstone	NOUN
taxlaw-2830	695	8	group	group	PROPN
taxlaw-2830	695	9	l.p	l.p	PROPN
taxlaw-2830	695	10	.	.	PROPN
taxlaw-2830	695	11	could	could	AUX
taxlaw-2830	695	12	,	,	PUNCT
taxlaw-2830	695	13	directly	directly	ADV
taxlaw-2830	695	14	,	,	PUNCT
taxlaw-2830	695	15	acquire	acquire	VERB
taxlaw-2830	695	16	an	an	DET
taxlaw-2830	695	17	interest	interest	NOUN
taxlaw-2830	695	18	in	in	ADP
taxlaw-2830	695	19	the	the	DET
taxlaw-2830	695	20	underlying	underlie	VERB
taxlaw-2830	695	21	publicly	publicly	ADV
taxlaw-2830	695	22	-	-	PUNCT
taxlaw-2830	695	23	traded	trade	VERB
taxlaw-2830	695	24	stock	stock	NOUN
taxlaw-2830	695	25	owned	own	VERB
taxlaw-2830	695	26	by	by	ADP
taxlaw-2830	695	27	a	a	DET
taxlaw-2830	695	28	fund	fund	NOUN
taxlaw-2830	695	29	sponsored	sponsor	VERB
taxlaw-2830	695	30	by	by	ADP
taxlaw-2830	695	31	the	the	DET
taxlaw-2830	695	32	blackstone	blackstone	NOUN
taxlaw-2830	695	33	firm	firm	NOUN
taxlaw-2830	695	34	,	,	PUNCT
taxlaw-2830	695	35	they	they	PRON
taxlaw-2830	695	36	could	could	AUX
taxlaw-2830	695	37	not	not	PART
taxlaw-2830	695	38	directly	directly	ADV
taxlaw-2830	695	39	acquire	acquire	VERB
taxlaw-2830	695	40	a	a	DET
taxlaw-2830	695	41	share	share	NOUN
taxlaw-2830	695	42	of	of	ADP
taxlaw-2830	695	43	the	the	DET
taxlaw-2830	695	44	blackstone	blackstone	NOUN
taxlaw-2830	695	45	firm‘s	firm‘s	PROPN
taxlaw-2830	696	1	right	right	ADJ
taxlaw-2830	696	2	to	to	PART
taxlaw-2830	696	3	carried	carry	VERB
taxlaw-2830	696	4	interest	interest	NOUN
taxlaw-2830	696	5	,	,	PUNCT
taxlaw-2830	696	6	which	which	PRON
taxlaw-2830	696	7	is	be	AUX
taxlaw-2830	696	8	the	the	DET
taxlaw-2830	696	9	asset	asset	NOUN
taxlaw-2830	696	10	that	that	SCONJ
taxlaw-2830	696	11	they	they	PRON
taxlaw-2830	696	12	,	,	PUNCT
taxlaw-2830	696	13	in	in	ADP
taxlaw-2830	696	14	fact	fact	NOUN
taxlaw-2830	696	15	,	,	PUNCT
taxlaw-2830	696	16	own	own	VERB
taxlaw-2830	696	17	indirectly	indirectly	ADV
taxlaw-2830	696	18	through	through	ADP
taxlaw-2830	696	19	blackstone	blackstone	NOUN
taxlaw-2830	696	20	group	group	PROPN
taxlaw-2830	696	21	l.p	l.p	PROPN
taxlaw-2830	696	22	.	.	PROPN
taxlaw-2830	696	23	120	120	NUM
taxlaw-2830	696	24	blackstone	blackstone	NOUN
taxlaw-2830	696	25	group	group	NOUN
taxlaw-2830	696	26	l.p	l.p	PROPN
taxlaw-2830	696	27	.	.	PROPN
taxlaw-2830	696	28	and	and	CCONJ
taxlaw-2830	696	29	other	other	ADJ
taxlaw-2830	696	30	publicly	publicly	ADV
taxlaw-2830	696	31	traded	trade	VERB
taxlaw-2830	696	32	partnerships	partnership	NOUN
taxlaw-2830	696	33	in	in	ADP
taxlaw-2830	696	34	the	the	DET
taxlaw-2830	696	35	same	same	ADJ
taxlaw-2830	696	36	industry	industry	NOUN
taxlaw-2830	696	37	are	be	AUX
taxlaw-2830	696	38	not	not	PART
taxlaw-2830	696	39	the	the	DET
taxlaw-2830	696	40	only	only	ADJ
taxlaw-2830	696	41	publicly	publicly	ADV
taxlaw-2830	696	42	traded	trade	VERB
taxlaw-2830	696	43	entities	entity	NOUN
taxlaw-2830	696	44	earning	earn	VERB
taxlaw-2830	696	45	income	income	NOUN
taxlaw-2830	696	46	that	that	PRON
taxlaw-2830	696	47	is	be	AUX
taxlaw-2830	696	48	classified	classify	VERB
taxlaw-2830	696	49	as	as	ADP
taxlaw-2830	696	50	qualifying	qualify	VERB
taxlaw-2830	696	51	income	income	NOUN
taxlaw-2830	696	52	despite	despite	SCONJ
taxlaw-2830	696	53	the	the	DET
taxlaw-2830	696	54	fact	fact	NOUN
taxlaw-2830	696	55	that	that	SCONJ
taxlaw-2830	696	56	owners	owner	NOUN
taxlaw-2830	696	57	of	of	ADP
taxlaw-2830	696	58	the	the	DET
taxlaw-2830	696	59	entity	entity	NOUN
taxlaw-2830	696	60	could	could	AUX
taxlaw-2830	696	61	not	not	PART
taxlaw-2830	696	62	earn	earn	VERB
taxlaw-2830	696	63	the	the	DET
taxlaw-2830	696	64	income	income	NOUN
taxlaw-2830	696	65	directly	directly	ADV
taxlaw-2830	696	66	.	.	PUNCT
taxlaw-2830	697	1	rather	rather	ADV
taxlaw-2830	697	2	,	,	PUNCT
taxlaw-2830	697	3	blackstone	blackstone	NOUN
taxlaw-2830	697	4	group	group	PROPN
taxlaw-2830	697	5	l.p	l.p	PROPN
taxlaw-2830	697	6	.	.	PROPN
taxlaw-2830	697	7	and	and	CCONJ
taxlaw-2830	697	8	similar	similar	ADJ
taxlaw-2830	697	9	publicly	publicly	ADV
taxlaw-2830	697	10	traded	trade	VERB
taxlaw-2830	697	11	partnerships	partnership	NOUN
taxlaw-2830	697	12	merely	merely	ADV
taxlaw-2830	697	13	represent	represent	VERB
taxlaw-2830	697	14	the	the	DET
taxlaw-2830	697	15	most	most	ADV
taxlaw-2830	697	16	recent	recent	ADJ
taxlaw-2830	697	17	wave	wave	NOUN
taxlaw-2830	697	18	of	of	ADP
taxlaw-2830	697	19	publicly	publicly	ADV
taxlaw-2830	697	20	traded	trade	VERB
taxlaw-2830	697	21	entities	entity	NOUN
taxlaw-2830	697	22	that	that	PRON
taxlaw-2830	697	23	benefit	benefit	VERB
taxlaw-2830	697	24	from	from	ADP
taxlaw-2830	697	25	the	the	DET
taxlaw-2830	697	26	overly	overly	ADV
taxlaw-2830	697	27	broad	broad	ADJ
taxlaw-2830	697	28	definition	definition	NOUN
taxlaw-2830	697	29	of	of	ADP
taxlaw-2830	697	30	qualifying	qualify	VERB
taxlaw-2830	697	31	income	income	NOUN
taxlaw-2830	697	32	.	.	PUNCT
taxlaw-2830	698	1	many	many	ADJ
taxlaw-2830	698	2	,	,	PUNCT
taxlaw-2830	698	3	more	more	ADV
taxlaw-2830	698	4	traditional	traditional	ADJ
taxlaw-2830	698	5	publicly	publicly	ADV
taxlaw-2830	698	6	traded	trade	VERB
taxlaw-2830	698	7	entities	entity	NOUN
taxlaw-2830	698	8	also	also	ADV
taxlaw-2830	698	9	avail	avail	VERB
taxlaw-2830	698	10	themselves	themselves	PRON
taxlaw-2830	698	11	of	of	ADP
taxlaw-2830	698	12	the	the	DET
taxlaw-2830	698	13	advantages	advantage	NOUN
taxlaw-2830	698	14	of	of	ADP
taxlaw-2830	698	15	the	the	DET
taxlaw-2830	698	16	qualifying	qualify	VERB
taxlaw-2830	698	17	income	income	NOUN
taxlaw-2830	698	18	definition‘s	definition‘s	CCONJ
taxlaw-2830	698	19	excessive	excessive	ADJ
taxlaw-2830	698	20	scope	scope	NOUN
taxlaw-2830	698	21	.	.	PUNCT
taxlaw-2830	699	1	for	for	ADP
taxlaw-2830	699	2	example	example	NOUN
taxlaw-2830	699	3	,	,	PUNCT
taxlaw-2830	699	4	publicly	publicly	ADV
taxlaw-2830	699	5	traded	trade	VERB
taxlaw-2830	699	6	partnerships	partnership	NOUN
taxlaw-2830	699	7	that	that	PRON
taxlaw-2830	699	8	earn	earn	VERB
taxlaw-2830	699	9	income	income	NOUN
taxlaw-2830	699	10	from	from	ADP
taxlaw-2830	699	11	energy	energy	NOUN
taxlaw-2830	699	12	-	-	PUNCT
taxlaw-2830	699	13	related	relate	VERB
taxlaw-2830	699	14	operations	operation	NOUN
taxlaw-2830	699	15	and	and	CCONJ
taxlaw-2830	699	16	mining	mining	NOUN
taxlaw-2830	699	17	engage	engage	NOUN
taxlaw-2830	699	18	in	in	ADP
taxlaw-2830	699	19	activities	activity	NOUN
taxlaw-2830	699	20	characterized	characterize	VERB
taxlaw-2830	699	21	by	by	ADP
taxlaw-2830	699	22	economies	economy	NOUN
taxlaw-2830	699	23	of	of	ADP
taxlaw-2830	699	24	scale	scale	NOUN
taxlaw-2830	699	25	.	.	PUNCT
taxlaw-2830	700	1	thus	thus	ADV
taxlaw-2830	700	2	,	,	PUNCT
taxlaw-2830	700	3	these	these	DET
taxlaw-2830	700	4	publicly	publicly	ADV
taxlaw-2830	700	5	traded	trade	VERB
taxlaw-2830	700	6	partnerships	partnership	NOUN
taxlaw-2830	700	7	invest	invest	VERB
taxlaw-2830	700	8	in	in	ADP
taxlaw-2830	700	9	assets	asset	NOUN
taxlaw-2830	700	10	that	that	PRON
taxlaw-2830	700	11	require	require	VERB
taxlaw-2830	700	12	large	large	ADJ
taxlaw-2830	700	13	capital	capital	NOUN
taxlaw-2830	700	14	outlays	outlay	NOUN
taxlaw-2830	700	15	--	--	PUNCT
taxlaw-2830	700	16	assets	asset	NOUN
taxlaw-2830	700	17	119	119	NUM
taxlaw-2830	700	18	for	for	ADP
taxlaw-2830	700	19	further	further	ADJ
taxlaw-2830	700	20	discussion	discussion	NOUN
taxlaw-2830	700	21	of	of	ADP
taxlaw-2830	700	22	active	active	ADJ
taxlaw-2830	700	23	involvement	involvement	NOUN
taxlaw-2830	700	24	by	by	ADP
taxlaw-2830	700	25	private	private	ADJ
taxlaw-2830	700	26	equity	equity	NOUN
taxlaw-2830	700	27	fund	fund	NOUN
taxlaw-2830	700	28	sponsors	sponsor	NOUN
taxlaw-2830	700	29	,	,	PUNCT
taxlaw-2830	700	30	see	see	VERB
taxlaw-2830	700	31	,	,	PUNCT
taxlaw-2830	700	32	e.g.	e.g.	ADV
taxlaw-2830	700	33	,	,	PUNCT
taxlaw-2830	701	1	steven	steven	PROPN
taxlaw-2830	701	2	m.	m.	PROPN
taxlaw-2830	701	3	rosenthal	rosenthal	PROPN
taxlaw-2830	701	4	,	,	PUNCT
taxlaw-2830	701	5	private	private	ADJ
taxlaw-2830	701	6	equity	equity	NOUN
taxlaw-2830	701	7	is	be	AUX
taxlaw-2830	701	8	a	a	DET
taxlaw-2830	701	9	business	business	NOUN
taxlaw-2830	701	10	:	:	PUNCT
taxlaw-2830	701	11	sun	sun	NOUN
taxlaw-2830	701	12	capital	capital	NOUN
taxlaw-2830	701	13	and	and	CCONJ
taxlaw-2830	701	14	beyond	beyond	ADP
taxlaw-2830	701	15	,	,	PUNCT
taxlaw-2830	701	16	140	140	NUM
taxlaw-2830	701	17	tax	tax	NOUN
taxlaw-2830	701	18	notes	note	NOUN
taxlaw-2830	701	19	1459	1459	NUM
taxlaw-2830	701	20	(	(	PUNCT
taxlaw-2830	701	21	2013	2013	NUM
taxlaw-2830	701	22	)	)	PUNCT
taxlaw-2830	701	23	.	.	PUNCT
taxlaw-2830	702	1	120	120	NUM
taxlaw-2830	702	2	see	see	VERB
taxlaw-2830	702	3	also	also	ADV
taxlaw-2830	702	4	cauble	cauble	ADJ
taxlaw-2830	702	5	,	,	PUNCT
taxlaw-2830	702	6	supra	supra	PROPN
taxlaw-2830	702	7	note	note	NOUN
taxlaw-2830	702	8	15	15	NUM
taxlaw-2830	702	9	,	,	PUNCT
taxlaw-2830	702	10	at	at	ADP
taxlaw-2830	702	11	n.46	n.46	PROPN
taxlaw-2830	702	12	;	;	PUNCT
taxlaw-2830	702	13	fleischer	fleischer	PROPN
taxlaw-2830	702	14	,	,	PUNCT
taxlaw-2830	702	15	supra	supra	PROPN
taxlaw-2830	702	16	note	note	NOUN
taxlaw-2830	702	17	12	12	NUM
taxlaw-2830	702	18	,	,	PUNCT
taxlaw-2830	702	19	at	at	ADP
taxlaw-2830	702	20	109–10	109–10	PROPN
taxlaw-2830	702	21	(	(	PUNCT
taxlaw-2830	702	22	―public	―public	ADJ
taxlaw-2830	702	23	investors	investor	NOUN
taxlaw-2830	702	24	can	can	AUX
taxlaw-2830	702	25	not	not	PART
taxlaw-2830	702	26	independently	independently	ADV
taxlaw-2830	702	27	acquire	acquire	VERB
taxlaw-2830	702	28	a	a	DET
taxlaw-2830	702	29	general	general	ADJ
taxlaw-2830	702	30	partnership	partnership	NOUN
taxlaw-2830	702	31	investment	investment	NOUN
taxlaw-2830	702	32	in	in	ADP
taxlaw-2830	702	33	a	a	DET
taxlaw-2830	702	34	blackstone	blackstone	NOUN
taxlaw-2830	702	35	fund	fund	NOUN
taxlaw-2830	702	36	or	or	CCONJ
taxlaw-2830	702	37	a	a	DET
taxlaw-2830	702	38	share	share	NOUN
taxlaw-2830	702	39	in	in	ADP
taxlaw-2830	702	40	blackstone‘s	blackstone‘s	NOUN
taxlaw-2830	702	41	deal	deal	NOUN
taxlaw-2830	702	42	advisory	advisory	ADJ
taxlaw-2830	702	43	or	or	CCONJ
taxlaw-2830	702	44	restructuring	restructuring	NOUN
taxlaw-2830	702	45	business	business	NOUN
taxlaw-2830	702	46	.	.	PUNCT
taxlaw-2830	703	1	this	this	PRON
taxlaw-2830	703	2	indicates	indicate	VERB
taxlaw-2830	703	3	that	that	SCONJ
taxlaw-2830	703	4	blackstone	blackstone	NOUN
taxlaw-2830	703	5	is	be	AUX
taxlaw-2830	703	6	not	not	PART
taxlaw-2830	703	7	merely	merely	ADV
taxlaw-2830	703	8	acting	act	VERB
taxlaw-2830	703	9	as	as	ADP
taxlaw-2830	703	10	a	a	DET
taxlaw-2830	703	11	conduit	conduit	NOUN
taxlaw-2830	703	12	,	,	PUNCT
taxlaw-2830	703	13	but	but	CCONJ
taxlaw-2830	703	14	rather	rather	ADV
taxlaw-2830	703	15	is	be	AUX
taxlaw-2830	703	16	conducting	conduct	VERB
taxlaw-2830	703	17	active	active	ADJ
taxlaw-2830	703	18	business	business	NOUN
taxlaw-2830	703	19	activities.‖	activities.‖	NOUN
taxlaw-2830	703	20	)	)	PUNCT
taxlaw-2830	703	21	.	.	PUNCT
taxlaw-2830	704	1	2015	2015	NUM
taxlaw-2830	704	2	]	]	PUNCT
taxlaw-2830	704	3	taxing	tax	VERB
taxlaw-2830	704	4	publicly	publicly	ADV
taxlaw-2830	704	5	traded	trade	VERB
taxlaw-2830	704	6	entities	entity	NOUN
taxlaw-2830	704	7	171	171	NUM
taxlaw-2830	704	8	that	that	SCONJ
taxlaw-2830	704	9	owners	owner	NOUN
taxlaw-2830	704	10	of	of	ADP
taxlaw-2830	704	11	the	the	DET
taxlaw-2830	704	12	publicly	publicly	ADV
taxlaw-2830	704	13	traded	trade	VERB
taxlaw-2830	704	14	partnership	partnership	NOUN
taxlaw-2830	704	15	could	could	AUX
taxlaw-2830	704	16	not	not	PART
taxlaw-2830	704	17	acquire	acquire	VERB
taxlaw-2830	704	18	directly	directly	ADV
taxlaw-2830	704	19	.	.	PUNCT
taxlaw-2830	705	1	121	121	NUM
taxlaw-2830	705	2	likewise	likewise	ADV
taxlaw-2830	705	3	,	,	PUNCT
taxlaw-2830	705	4	publicly	publicly	ADV
taxlaw-2830	705	5	traded	trade	VERB
taxlaw-2830	705	6	partnerships	partnership	NOUN
taxlaw-2830	705	7	that	that	PRON
taxlaw-2830	705	8	invest	invest	VERB
taxlaw-2830	705	9	in	in	ADP
taxlaw-2830	705	10	real	real	ADJ
taxlaw-2830	705	11	estate	estate	NOUN
taxlaw-2830	705	12	and	and	CCONJ
taxlaw-2830	705	13	reits	reit	NOUN
taxlaw-2830	705	14	use	use	VERB
taxlaw-2830	705	15	their	their	PRON
taxlaw-2830	705	16	vast	vast	ADJ
taxlaw-2830	705	17	resources	resource	NOUN
taxlaw-2830	705	18	to	to	PART
taxlaw-2830	705	19	acquire	acquire	VERB
taxlaw-2830	705	20	ownership	ownership	NOUN
taxlaw-2830	705	21	interests	interest	NOUN
taxlaw-2830	705	22	in	in	ADP
taxlaw-2830	705	23	real	real	ADJ
taxlaw-2830	705	24	estate	estate	NOUN
taxlaw-2830	705	25	that	that	SCONJ
taxlaw-2830	705	26	owners	owner	NOUN
taxlaw-2830	705	27	of	of	ADP
taxlaw-2830	705	28	the	the	DET
taxlaw-2830	705	29	publicly	publicly	ADV
taxlaw-2830	705	30	traded	trade	VERB
taxlaw-2830	705	31	entity	entity	NOUN
taxlaw-2830	705	32	could	could	AUX
taxlaw-2830	705	33	not	not	PART
taxlaw-2830	705	34	acquire	acquire	VERB
taxlaw-2830	705	35	directly	directly	ADV
taxlaw-2830	705	36	.	.	PUNCT
taxlaw-2830	706	1	b.	b.	PROPN
taxlaw-2830	706	2	arbitrariness	arbitrariness	NOUN
taxlaw-2830	706	3	even	even	ADV
taxlaw-2830	706	4	if	if	SCONJ
taxlaw-2830	706	5	the	the	DET
taxlaw-2830	706	6	definition	definition	NOUN
taxlaw-2830	706	7	of	of	ADP
taxlaw-2830	706	8	qualifying	qualify	VERB
taxlaw-2830	706	9	income	income	NOUN
taxlaw-2830	706	10	were	be	AUX
taxlaw-2830	706	11	properly	properly	ADV
taxlaw-2830	706	12	limited	limit	VERB
taxlaw-2830	706	13	to	to	PART
taxlaw-2830	706	14	include	include	VERB
taxlaw-2830	706	15	only	only	ADV
taxlaw-2830	706	16	the	the	DET
taxlaw-2830	706	17	types	type	NOUN
taxlaw-2830	706	18	of	of	ADP
taxlaw-2830	706	19	income	income	NOUN
taxlaw-2830	706	20	that	that	PRON
taxlaw-2830	706	21	owners	owner	NOUN
taxlaw-2830	706	22	of	of	ADP
taxlaw-2830	706	23	a	a	DET
taxlaw-2830	706	24	publicly	publicly	ADV
taxlaw-2830	706	25	traded	trade	VERB
taxlaw-2830	706	26	entity	entity	NOUN
taxlaw-2830	706	27	could	could	AUX
taxlaw-2830	706	28	earn	earn	VERB
taxlaw-2830	706	29	directly	directly	ADV
taxlaw-2830	706	30	,	,	PUNCT
taxlaw-2830	706	31	the	the	DET
taxlaw-2830	706	32	current	current	ADJ
taxlaw-2830	706	33	rules	rule	NOUN
taxlaw-2830	706	34	are	be	AUX
taxlaw-2830	706	35	flawed	flawed	ADJ
taxlaw-2830	706	36	in	in	ADP
taxlaw-2830	706	37	another	another	DET
taxlaw-2830	706	38	respect	respect	NOUN
taxlaw-2830	706	39	.	.	PUNCT
taxlaw-2830	707	1	in	in	ADP
taxlaw-2830	707	2	particular	particular	ADJ
taxlaw-2830	707	3	,	,	PUNCT
taxlaw-2830	707	4	as	as	SCONJ
taxlaw-2830	707	5	discussed	discuss	VERB
taxlaw-2830	707	6	above	above	ADV
taxlaw-2830	707	7	,	,	PUNCT
taxlaw-2830	707	8	the	the	DET
taxlaw-2830	707	9	current	current	ADJ
taxlaw-2830	707	10	design	design	NOUN
taxlaw-2830	707	11	of	of	ADP
taxlaw-2830	707	12	the	the	DET
taxlaw-2830	707	13	rules	rule	NOUN
taxlaw-2830	707	14	governing	govern	VERB
taxlaw-2830	707	15	publicly	publicly	ADV
taxlaw-2830	707	16	traded	trade	VERB
taxlaw-2830	707	17	entities	entity	NOUN
taxlaw-2830	707	18	results	result	VERB
taxlaw-2830	707	19	in	in	ADP
taxlaw-2830	707	20	a	a	DET
taxlaw-2830	707	21	cliff	cliff	NOUN
taxlaw-2830	707	22	effect	effect	NOUN
taxlaw-2830	707	23	--	--	PUNCT
taxlaw-2830	707	24	a	a	DET
taxlaw-2830	707	25	small	small	ADJ
taxlaw-2830	707	26	change	change	NOUN
taxlaw-2830	707	27	in	in	ADP
taxlaw-2830	707	28	the	the	DET
taxlaw-2830	707	29	amount	amount	NOUN
taxlaw-2830	707	30	of	of	ADP
taxlaw-2830	707	31	non	non	ADJ
taxlaw-2830	707	32	-	-	ADJ
taxlaw-2830	707	33	qualifying	qualifying	ADJ
taxlaw-2830	707	34	income	income	NOUN
taxlaw-2830	707	35	earned	earn	VERB
taxlaw-2830	707	36	by	by	ADP
taxlaw-2830	707	37	a	a	DET
taxlaw-2830	707	38	publicly	publicly	ADV
taxlaw-2830	707	39	traded	trade	VERB
taxlaw-2830	707	40	entity	entity	NOUN
taxlaw-2830	707	41	can	can	AUX
taxlaw-2830	707	42	result	result	VERB
taxlaw-2830	707	43	in	in	ADP
taxlaw-2830	707	44	a	a	DET
taxlaw-2830	707	45	large	large	ADJ
taxlaw-2830	707	46	change	change	NOUN
taxlaw-2830	707	47	to	to	ADP
taxlaw-2830	707	48	the	the	DET
taxlaw-2830	707	49	entity‘s	entity‘s	PROPN
taxlaw-2830	707	50	tax	tax	NOUN
taxlaw-2830	707	51	consequences	consequence	NOUN
taxlaw-2830	707	52	.	.	PUNCT
taxlaw-2830	708	1	thus	thus	ADV
taxlaw-2830	708	2	,	,	PUNCT
taxlaw-2830	708	3	for	for	ADP
taxlaw-2830	708	4	instance	instance	NOUN
taxlaw-2830	708	5	,	,	PUNCT
taxlaw-2830	708	6	if	if	SCONJ
taxlaw-2830	708	7	90	90	NUM
taxlaw-2830	708	8	percent	percent	NOUN
taxlaw-2830	708	9	of	of	ADP
taxlaw-2830	708	10	a	a	DET
taxlaw-2830	708	11	publicly	publicly	ADV
taxlaw-2830	708	12	traded	trade	VERB
taxlaw-2830	708	13	partnership‘s	partnership‘s	PROPN
taxlaw-2830	708	14	gross	gross	ADJ
taxlaw-2830	708	15	income	income	NOUN
taxlaw-2830	708	16	is	be	AUX
taxlaw-2830	708	17	qualifying	qualify	VERB
taxlaw-2830	708	18	income	income	NOUN
taxlaw-2830	708	19	,	,	PUNCT
taxlaw-2830	708	20	the	the	DET
taxlaw-2830	708	21	partnership	partnership	NOUN
taxlaw-2830	708	22	receives	receive	VERB
taxlaw-2830	708	23	very	very	ADV
taxlaw-2830	708	24	different	different	ADJ
taxlaw-2830	708	25	tax	tax	NOUN
taxlaw-2830	708	26	treatment	treatment	NOUN
taxlaw-2830	708	27	than	than	ADP
taxlaw-2830	708	28	an	an	DET
taxlaw-2830	708	29	otherwise	otherwise	ADV
taxlaw-2830	708	30	identical	identical	ADJ
taxlaw-2830	708	31	partnership	partnership	NOUN
taxlaw-2830	708	32	that	that	PRON
taxlaw-2830	708	33	earns	earn	VERB
taxlaw-2830	708	34	slightly	slightly	ADV
taxlaw-2830	708	35	less	less	ADJ
taxlaw-2830	708	36	qualifying	qualifying	NOUN
taxlaw-2830	708	37	income	income	NOUN
taxlaw-2830	708	38	.	.	PUNCT
taxlaw-2830	709	1	if	if	SCONJ
taxlaw-2830	709	2	a	a	DET
taxlaw-2830	709	3	publicly	publicly	ADV
taxlaw-2830	709	4	traded	trade	VERB
taxlaw-2830	709	5	entity	entity	NOUN
taxlaw-2830	709	6	earns	earn	VERB
taxlaw-2830	709	7	$	$	SYM
taxlaw-2830	709	8	100	100	NUM
taxlaw-2830	709	9	million	million	NUM
taxlaw-2830	709	10	in	in	ADP
taxlaw-2830	709	11	taxable	taxable	ADJ
taxlaw-2830	709	12	income	income	NOUN
taxlaw-2830	709	13	,	,	PUNCT
taxlaw-2830	709	14	for	for	ADP
taxlaw-2830	709	15	instance	instance	NOUN
taxlaw-2830	709	16	,	,	PUNCT
taxlaw-2830	709	17	a	a	DET
taxlaw-2830	709	18	slight	slight	ADJ
taxlaw-2830	709	19	change	change	NOUN
taxlaw-2830	709	20	in	in	ADP
taxlaw-2830	709	21	the	the	DET
taxlaw-2830	709	22	percentage	percentage	NOUN
taxlaw-2830	709	23	of	of	ADP
taxlaw-2830	709	24	qualifying	qualify	VERB
taxlaw-2830	709	25	income	income	NOUN
taxlaw-2830	709	26	earned	earn	VERB
taxlaw-2830	709	27	by	by	ADP
taxlaw-2830	709	28	the	the	DET
taxlaw-2830	709	29	entity	entity	NOUN
taxlaw-2830	709	30	could	could	AUX
taxlaw-2830	709	31	make	make	VERB
taxlaw-2830	709	32	the	the	DET
taxlaw-2830	709	33	difference	difference	NOUN
taxlaw-2830	709	34	between	between	ADP
taxlaw-2830	709	35	the	the	DET
taxlaw-2830	709	36	entity	entity	NOUN
taxlaw-2830	709	37	owing	owe	VERB
taxlaw-2830	709	38	$	$	SYM
taxlaw-2830	709	39	35	35	NUM
taxlaw-2830	709	40	million	million	NUM
taxlaw-2830	709	41	or	or	CCONJ
taxlaw-2830	709	42	$	$	SYM
taxlaw-2830	709	43	0	0	NUM
taxlaw-2830	709	44	in	in	ADP
taxlaw-2830	709	45	entity	entity	NOUN
taxlaw-2830	709	46	-	-	PUNCT
taxlaw-2830	709	47	level	level	NOUN
taxlaw-2830	709	48	tax	tax	NOUN
taxlaw-2830	709	49	,	,	PUNCT
taxlaw-2830	709	50	assuming	assume	VERB
taxlaw-2830	709	51	a	a	DET
taxlaw-2830	709	52	35	35	NUM
taxlaw-2830	709	53	%	%	NOUN
taxlaw-2830	709	54	corporate	corporate	ADJ
taxlaw-2830	709	55	tax	tax	NOUN
taxlaw-2830	709	56	rate	rate	NOUN
taxlaw-2830	709	57	.	.	PUNCT
taxlaw-2830	710	1	mandating	mandate	VERB
taxlaw-2830	710	2	that	that	PRON
taxlaw-2830	710	3	extreme	extreme	ADJ
taxlaw-2830	710	4	tax	tax	NOUN
taxlaw-2830	710	5	changes	change	NOUN
taxlaw-2830	710	6	follow	follow	VERB
taxlaw-2830	710	7	from	from	ADP
taxlaw-2830	710	8	minor	minor	ADJ
taxlaw-2830	710	9	non	non	ADJ
taxlaw-2830	710	10	-	-	ADJ
taxlaw-2830	710	11	tax	tax	ADJ
taxlaw-2830	710	12	changes	change	NOUN
taxlaw-2830	710	13	results	result	VERB
taxlaw-2830	710	14	in	in	ADP
taxlaw-2830	710	15	arbitrariness	arbitrariness	NOUN
taxlaw-2830	710	16	,	,	PUNCT
taxlaw-2830	710	17	122	122	NUM
taxlaw-2830	710	18	and	and	CCONJ
taxlaw-2830	710	19	this	this	DET
taxlaw-2830	710	20	arbitrariness	arbitrariness	NOUN
taxlaw-2830	710	21	is	be	AUX
taxlaw-2830	710	22	problematic	problematic	ADJ
taxlaw-2830	710	23	because	because	SCONJ
taxlaw-2830	710	24	it	it	PRON
taxlaw-2830	710	25	undermines	undermine	VERB
taxlaw-2830	710	26	any	any	DET
taxlaw-2830	710	27	underlying	underlying	ADJ
taxlaw-2830	710	28	goals	goal	NOUN
taxlaw-2830	710	29	that	that	PRON
taxlaw-2830	710	30	the	the	DET
taxlaw-2830	710	31	tax	tax	NOUN
taxlaw-2830	710	32	rules	rule	NOUN
taxlaw-2830	710	33	might	might	AUX
taxlaw-2830	710	34	serve	serve	VERB
taxlaw-2830	710	35	.	.	PUNCT
taxlaw-2830	711	1	123	123	NUM
taxlaw-2830	711	2	whatever	whatever	PRON
taxlaw-2830	711	3	policy	policy	NOUN
taxlaw-2830	711	4	goals	goal	NOUN
taxlaw-2830	711	5	might	might	AUX
taxlaw-2830	711	6	have	have	VERB
taxlaw-2830	711	7	121	121	NUM
taxlaw-2830	711	8	the	the	DET
taxlaw-2830	711	9	legislative	legislative	ADJ
taxlaw-2830	711	10	history	history	NOUN
taxlaw-2830	711	11	surrounding	surround	VERB
taxlaw-2830	711	12	the	the	DET
taxlaw-2830	711	13	adoption	adoption	NOUN
taxlaw-2830	711	14	of	of	ADP
taxlaw-2830	711	15	the	the	DET
taxlaw-2830	711	16	publicly	publicly	ADV
taxlaw-2830	711	17	traded	trade	VERB
taxlaw-2830	711	18	partnership	partnership	NOUN
taxlaw-2830	711	19	rules	rule	NOUN
taxlaw-2830	711	20	seems	seem	VERB
taxlaw-2830	711	21	to	to	PART
taxlaw-2830	711	22	acknowledge	acknowledge	VERB
taxlaw-2830	711	23	that	that	SCONJ
taxlaw-2830	711	24	the	the	DET
taxlaw-2830	711	25	special	special	ADJ
taxlaw-2830	711	26	treatment	treatment	NOUN
taxlaw-2830	711	27	granted	grant	VERB
taxlaw-2830	711	28	to	to	ADP
taxlaw-2830	711	29	energy	energy	NOUN
taxlaw-2830	711	30	and	and	CCONJ
taxlaw-2830	711	31	mining	mining	NOUN
taxlaw-2830	711	32	partnerships	partnership	NOUN
taxlaw-2830	711	33	can	can	AUX
taxlaw-2830	711	34	not	not	PART
taxlaw-2830	711	35	be	be	AUX
taxlaw-2830	711	36	justified	justify	VERB
taxlaw-2830	711	37	based	base	VERB
taxlaw-2830	711	38	on	on	ADP
taxlaw-2830	711	39	the	the	DET
taxlaw-2830	711	40	principle	principle	NOUN
taxlaw-2830	711	41	that	that	SCONJ
taxlaw-2830	711	42	owners	owner	NOUN
taxlaw-2830	711	43	could	could	AUX
taxlaw-2830	711	44	earn	earn	VERB
taxlaw-2830	711	45	the	the	DET
taxlaw-2830	711	46	income	income	NOUN
taxlaw-2830	711	47	directly	directly	ADV
taxlaw-2830	711	48	.	.	PUNCT
taxlaw-2830	712	1	the	the	DET
taxlaw-2830	712	2	legislative	legislative	ADJ
taxlaw-2830	712	3	history	history	NOUN
taxlaw-2830	712	4	explains	explain	VERB
taxlaw-2830	712	5	the	the	DET
taxlaw-2830	712	6	treatment	treatment	NOUN
taxlaw-2830	712	7	of	of	ADP
taxlaw-2830	712	8	these	these	DET
taxlaw-2830	712	9	partnerships	partnership	NOUN
taxlaw-2830	712	10	as	as	ADP
taxlaw-2830	712	11	,	,	PUNCT
taxlaw-2830	712	12	instead	instead	ADV
taxlaw-2830	712	13	,	,	PUNCT
taxlaw-2830	712	14	based	base	VERB
taxlaw-2830	712	15	merely	merely	ADV
taxlaw-2830	712	16	on	on	ADP
taxlaw-2830	712	17	tradition	tradition	NOUN
taxlaw-2830	712	18	.	.	PUNCT
taxlaw-2830	713	1	see	see	VERB
taxlaw-2830	713	2	supra	supra	PROPN
taxlaw-2830	713	3	note	note	PROPN
taxlaw-2830	713	4	103	103	NUM
taxlaw-2830	713	5	and	and	CCONJ
taxlaw-2830	713	6	accompanying	accompany	VERB
taxlaw-2830	713	7	text	text	NOUN
taxlaw-2830	713	8	.	.	PUNCT
taxlaw-2830	714	1	this	this	DET
taxlaw-2830	714	2	explanation	explanation	NOUN
taxlaw-2830	714	3	,	,	PUNCT
taxlaw-2830	714	4	however	however	ADV
taxlaw-2830	714	5	,	,	PUNCT
taxlaw-2830	714	6	is	be	AUX
taxlaw-2830	714	7	not	not	PART
taxlaw-2830	714	8	satisfactory	satisfactory	ADJ
taxlaw-2830	714	9	as	as	ADP
taxlaw-2830	714	10	a	a	DET
taxlaw-2830	714	11	policy	policy	NOUN
taxlaw-2830	714	12	matter	matter	NOUN
taxlaw-2830	714	13	.	.	PUNCT
taxlaw-2830	715	1	122	122	NUM
taxlaw-2830	715	2	one	one	PRON
taxlaw-2830	715	3	might	might	AUX
taxlaw-2830	715	4	argue	argue	VERB
taxlaw-2830	715	5	that	that	SCONJ
taxlaw-2830	715	6	treating	treat	VERB
taxlaw-2830	715	7	a	a	DET
taxlaw-2830	715	8	publicly	publicly	ADV
taxlaw-2830	715	9	traded	trade	VERB
taxlaw-2830	715	10	entity	entity	NOUN
taxlaw-2830	715	11	differently	differently	ADV
taxlaw-2830	715	12	from	from	ADP
taxlaw-2830	715	13	a	a	DET
taxlaw-2830	715	14	non	non	ADJ
taxlaw-2830	715	15	-	-	ADJ
taxlaw-2830	715	16	publicly	publicly	ADV
taxlaw-2830	715	17	traded	trade	VERB
taxlaw-2830	715	18	entity	entity	NOUN
taxlaw-2830	715	19	is	be	AUX
taxlaw-2830	715	20	also	also	ADV
taxlaw-2830	715	21	arbitrary	arbitrary	ADJ
taxlaw-2830	715	22	.	.	PUNCT
taxlaw-2830	716	1	to	to	ADP
taxlaw-2830	716	2	some	some	DET
taxlaw-2830	716	3	extent	extent	NOUN
taxlaw-2830	716	4	,	,	PUNCT
taxlaw-2830	716	5	this	this	PRON
taxlaw-2830	716	6	may	may	AUX
taxlaw-2830	716	7	be	be	AUX
taxlaw-2830	716	8	true	true	ADJ
taxlaw-2830	716	9	.	.	PUNCT
taxlaw-2830	717	1	however	however	ADV
taxlaw-2830	717	2	,	,	PUNCT
taxlaw-2830	717	3	as	as	SCONJ
taxlaw-2830	717	4	discussed	discuss	VERB
taxlaw-2830	717	5	above	above	ADV
taxlaw-2830	717	6	,	,	PUNCT
taxlaw-2830	717	7	public	public	ADJ
taxlaw-2830	717	8	trading	trading	NOUN
taxlaw-2830	717	9	is	be	AUX
taxlaw-2830	717	10	a	a	DET
taxlaw-2830	717	11	significant	significant	ADJ
taxlaw-2830	717	12	feature	feature	NOUN
taxlaw-2830	717	13	for	for	ADP
taxlaw-2830	717	14	non	non	ADJ
taxlaw-2830	717	15	-	-	ADJ
taxlaw-2830	717	16	tax	tax	ADJ
taxlaw-2830	717	17	reasons	reason	NOUN
taxlaw-2830	717	18	.	.	PUNCT
taxlaw-2830	718	1	see	see	VERB
taxlaw-2830	718	2	supra	supra	PROPN
taxlaw-2830	718	3	part	part	PROPN
taxlaw-2830	718	4	iii.a	iii.a	PROPN
taxlaw-2830	718	5	.	.	PUNCT
taxlaw-2830	719	1	therefore	therefore	ADV
taxlaw-2830	719	2	,	,	PUNCT
taxlaw-2830	719	3	there	there	PRON
taxlaw-2830	719	4	are	be	VERB
taxlaw-2830	719	5	significant	significant	ADJ
taxlaw-2830	719	6	non	non	ADJ
taxlaw-2830	719	7	-	-	ADJ
taxlaw-2830	719	8	tax	tax	ADJ
taxlaw-2830	719	9	differences	difference	NOUN
taxlaw-2830	719	10	between	between	ADP
taxlaw-2830	719	11	an	an	DET
taxlaw-2830	719	12	entity	entity	NOUN
taxlaw-2830	719	13	that	that	PRON
taxlaw-2830	719	14	is	be	AUX
taxlaw-2830	719	15	publicly	publicly	ADV
taxlaw-2830	719	16	traded	trade	VERB
taxlaw-2830	719	17	and	and	CCONJ
taxlaw-2830	719	18	one	one	NUM
taxlaw-2830	719	19	that	that	PRON
taxlaw-2830	719	20	is	be	AUX
taxlaw-2830	719	21	not	not	PART
taxlaw-2830	719	22	.	.	PUNCT
taxlaw-2830	720	1	123	123	NUM
taxlaw-2830	720	2	rules	rule	NOUN
taxlaw-2830	720	3	that	that	PRON
taxlaw-2830	720	4	create	create	VERB
taxlaw-2830	720	5	cliff	cliff	NOUN
taxlaw-2830	720	6	effects	effect	NOUN
taxlaw-2830	720	7	might	might	AUX
taxlaw-2830	720	8	also	also	ADV
taxlaw-2830	720	9	be	be	AUX
taxlaw-2830	720	10	criticized	criticize	VERB
taxlaw-2830	720	11	for	for	ADP
taxlaw-2830	720	12	distorting	distort	VERB
taxlaw-2830	720	13	taxpayers	taxpayer	NOUN
taxlaw-2830	720	14	‘	‘	PART
taxlaw-2830	720	15	decisions	decision	NOUN
taxlaw-2830	720	16	.	.	PUNCT
taxlaw-2830	721	1	consider	consider	VERB
taxlaw-2830	721	2	,	,	PUNCT
taxlaw-2830	721	3	for	for	ADP
taxlaw-2830	721	4	instance	instance	NOUN
taxlaw-2830	721	5	,	,	PUNCT
taxlaw-2830	721	6	the	the	DET
taxlaw-2830	721	7	following	follow	VERB
taxlaw-2830	721	8	example	example	NOUN
taxlaw-2830	721	9	.	.	PUNCT
taxlaw-2830	722	1	a	a	DET
taxlaw-2830	722	2	publicly	publicly	ADV
taxlaw-2830	722	3	traded	trade	VERB
taxlaw-2830	722	4	partnership	partnership	NOUN
taxlaw-2830	722	5	has	have	AUX
taxlaw-2830	722	6	earned	earn	VERB
taxlaw-2830	722	7	$	$	SYM
taxlaw-2830	722	8	899	899	NUM
taxlaw-2830	722	9	of	of	ADP
taxlaw-2830	722	10	qualifying	qualify	VERB
taxlaw-2830	722	11	income	income	NOUN
taxlaw-2830	722	12	and	and	CCONJ
taxlaw-2830	722	13	$	$	SYM
taxlaw-2830	722	14	100	100	NUM
taxlaw-2830	722	15	of	of	ADP
taxlaw-2830	722	16	non	non	ADJ
taxlaw-2830	722	17	-	-	ADJ
taxlaw-2830	722	18	qualifying	qualifying	ADJ
taxlaw-2830	722	19	income	income	NOUN
taxlaw-2830	722	20	in	in	ADP
taxlaw-2830	722	21	a	a	DET
taxlaw-2830	722	22	given	give	VERB
taxlaw-2830	722	23	year	year	NOUN
taxlaw-2830	722	24	.	.	PUNCT
taxlaw-2830	723	1	the	the	DET
taxlaw-2830	723	2	partnership	partnership	NOUN
taxlaw-2830	723	3	will	will	AUX
taxlaw-2830	723	4	earn	earn	VERB
taxlaw-2830	723	5	one	one	NUM
taxlaw-2830	723	6	more	more	ADJ
taxlaw-2830	723	7	dollar	dollar	NOUN
taxlaw-2830	723	8	of	of	ADP
taxlaw-2830	723	9	income	income	NOUN
taxlaw-2830	723	10	before	before	SCONJ
taxlaw-2830	723	11	the	the	DET
taxlaw-2830	723	12	year	year	NOUN
taxlaw-2830	723	13	closes	close	VERB
taxlaw-2830	723	14	.	.	PUNCT
taxlaw-2830	724	1	if	if	SCONJ
taxlaw-2830	724	2	the	the	DET
taxlaw-2830	724	3	additional	additional	ADJ
taxlaw-2830	724	4	dollar	dollar	NOUN
taxlaw-2830	724	5	is	be	AUX
taxlaw-2830	724	6	non	non	ADJ
taxlaw-2830	724	7	-	-	ADJ
taxlaw-2830	724	8	qualifying	qualifying	ADJ
taxlaw-2830	724	9	income	income	NOUN
taxlaw-2830	724	10	,	,	PUNCT
taxlaw-2830	724	11	the	the	DET
taxlaw-2830	724	12	partnership	partnership	NOUN
taxlaw-2830	724	13	will	will	AUX
taxlaw-2830	724	14	not	not	PART
taxlaw-2830	724	15	obtain	obtain	VERB
taxlaw-2830	724	16	classification	classification	NOUN
taxlaw-2830	724	17	as	as	ADP
taxlaw-2830	724	18	an	an	DET
taxlaw-2830	724	19	exempt	exempt	ADJ
taxlaw-2830	724	20	publicly	publicly	ADV
taxlaw-2830	724	21	traded	trade	VERB
taxlaw-2830	724	22	partnership	partnership	NOUN
taxlaw-2830	724	23	because	because	SCONJ
taxlaw-2830	724	24	less	less	ADJ
taxlaw-2830	724	25	than	than	ADP
taxlaw-2830	724	26	90	90	NUM
taxlaw-2830	724	27	percent	percent	NOUN
taxlaw-2830	724	28	of	of	ADP
taxlaw-2830	724	29	its	its	PRON
taxlaw-2830	724	30	gross	gross	ADJ
taxlaw-2830	724	31	income	income	NOUN
taxlaw-2830	724	32	will	will	AUX
taxlaw-2830	724	33	be	be	AUX
taxlaw-2830	724	34	qualifying	qualify	VERB
taxlaw-2830	724	35	income	income	NOUN
taxlaw-2830	724	36	.	.	PUNCT
taxlaw-2830	725	1	if	if	SCONJ
taxlaw-2830	725	2	the	the	DET
taxlaw-2830	725	3	additional	additional	ADJ
taxlaw-2830	725	4	dollar	dollar	NOUN
taxlaw-2830	725	5	is	be	AUX
taxlaw-2830	725	6	qualifying	qualify	VERB
taxlaw-2830	725	7	income	income	NOUN
taxlaw-2830	725	8	,	,	PUNCT
taxlaw-2830	725	9	then	then	ADV
taxlaw-2830	725	10	the	the	DET
taxlaw-2830	725	11	partnership	partnership	NOUN
taxlaw-2830	725	12	may	may	AUX
taxlaw-2830	725	13	obtain	obtain	VERB
taxlaw-2830	725	14	classification	classification	NOUN
taxlaw-2830	725	15	as	as	ADP
taxlaw-2830	725	16	an	an	DET
taxlaw-2830	725	17	exempt	exempt	ADJ
taxlaw-2830	725	18	publicly	publicly	ADV
taxlaw-2830	725	19	traded	trade	VERB
taxlaw-2830	725	20	partnership	partnership	NOUN
taxlaw-2830	725	21	,	,	PUNCT
taxlaw-2830	725	22	resulting	result	VERB
taxlaw-2830	725	23	in	in	ADP
taxlaw-2830	725	24	significant	significant	ADJ
taxlaw-2830	725	25	tax	tax	NOUN
taxlaw-2830	725	26	savings	saving	NOUN
taxlaw-2830	725	27	.	.	PUNCT
taxlaw-2830	726	1	assuming	assume	VERB
taxlaw-2830	726	2	a	a	DET
taxlaw-2830	726	3	tax	tax	NOUN
taxlaw-2830	726	4	rate	rate	NOUN
taxlaw-2830	726	5	of	of	ADP
taxlaw-2830	726	6	35	35	NUM
taxlaw-2830	726	7	percent	percent	NOUN
taxlaw-2830	726	8	and	and	CCONJ
taxlaw-2830	726	9	assuming	assume	VERB
taxlaw-2830	726	10	that	that	SCONJ
taxlaw-2830	726	11	the	the	DET
taxlaw-2830	726	12	partnership	partnership	NOUN
taxlaw-2830	726	13	has	have	VERB
taxlaw-2830	726	14	no	no	DET
taxlaw-2830	726	15	available	available	ADJ
taxlaw-2830	726	16	deductions	deduction	NOUN
taxlaw-2830	726	17	,	,	PUNCT
taxlaw-2830	726	18	classification	classification	NOUN
taxlaw-2830	726	19	as	as	ADP
taxlaw-2830	726	20	an	an	DET
taxlaw-2830	726	21	exempt	exempt	ADJ
taxlaw-2830	726	22	publicly	publicly	ADV
taxlaw-2830	726	23	traded	trade	VERB
taxlaw-2830	726	24	partnership	partnership	NOUN
taxlaw-2830	726	25	results	result	NOUN
taxlaw-2830	726	26	in	in	ADP
taxlaw-2830	726	27	the	the	DET
taxlaw-2830	726	28	partnership	partnership	NOUN
taxlaw-2830	726	29	owing	owe	VERB
taxlaw-2830	726	30	$	$	SYM
taxlaw-2830	726	31	0	0	NUM
taxlaw-2830	726	32	in	in	ADP
taxlaw-2830	726	33	tax	tax	NOUN
taxlaw-2830	726	34	liability	liability	NOUN
taxlaw-2830	726	35	rather	rather	ADV
taxlaw-2830	726	36	than	than	ADP
taxlaw-2830	726	37	$	$	SYM
taxlaw-2830	726	38	350	350	NUM
taxlaw-2830	726	39	in	in	ADP
taxlaw-2830	726	40	tax	tax	NOUN
taxlaw-2830	726	41	liability	liability	NOUN
taxlaw-2830	726	42	.	.	PUNCT
taxlaw-2830	727	1	in	in	ADP
taxlaw-2830	727	2	this	this	DET
taxlaw-2830	727	3	example	example	NOUN
taxlaw-2830	727	4	,	,	PUNCT
taxlaw-2830	727	5	the	the	DET
taxlaw-2830	727	6	partnership	partnership	NOUN
taxlaw-2830	727	7	has	have	VERB
taxlaw-2830	727	8	a	a	DET
taxlaw-2830	727	9	very	very	ADV
taxlaw-2830	727	10	strong	strong	ADJ
taxlaw-2830	727	11	tax	tax	NOUN
taxlaw-2830	727	12	motivation	motivation	NOUN
taxlaw-2830	727	13	to	to	PART
taxlaw-2830	727	14	earn	earn	VERB
taxlaw-2830	727	15	one	one	NUM
taxlaw-2830	727	16	dollar	dollar	NOUN
taxlaw-2830	727	17	of	of	ADP
taxlaw-2830	727	18	qualifying	qualify	VERB
taxlaw-2830	727	19	income	income	NOUN
taxlaw-2830	727	20	rather	rather	ADV
taxlaw-2830	727	21	than	than	ADP
taxlaw-2830	727	22	one	one	NUM
taxlaw-2830	727	23	dollar	dollar	NOUN
taxlaw-2830	727	24	of	of	ADP
taxlaw-2830	727	25	non	non	ADJ
taxlaw-2830	727	26	-	-	ADJ
taxlaw-2830	727	27	qualifying	qualifying	ADJ
taxlaw-2830	727	28	income	income	NOUN
taxlaw-2830	727	29	.	.	PUNCT
taxlaw-2830	728	1	this	this	DET
taxlaw-2830	728	2	strong	strong	ADJ
taxlaw-2830	728	3	tax	tax	NOUN
taxlaw-2830	728	4	incentive	incentive	NOUN
taxlaw-2830	728	5	could	could	AUX
taxlaw-2830	728	6	encourage	encourage	VERB
taxlaw-2830	728	7	the	the	DET
taxlaw-2830	728	8	taxpayer	taxpayer	NOUN
taxlaw-2830	728	9	to	to	PART
taxlaw-2830	728	10	earn	earn	VERB
taxlaw-2830	728	11	one	one	NUM
taxlaw-2830	728	12	dollar	dollar	NOUN
taxlaw-2830	728	13	of	of	ADP
taxlaw-2830	728	14	qualifying	qualify	VERB
taxlaw-2830	728	15	income	income	NOUN
taxlaw-2830	728	16	even	even	ADV
taxlaw-2830	728	17	when	when	SCONJ
taxlaw-2830	728	18	there	there	PRON
taxlaw-2830	728	19	are	be	VERB
taxlaw-2830	728	20	good	good	ADJ
taxlaw-2830	728	21	non	non	ADJ
taxlaw-2830	728	22	-	-	ADJ
taxlaw-2830	728	23	tax	tax	ADJ
taxlaw-2830	728	24	reasons	reason	NOUN
taxlaw-2830	728	25	to	to	PART
taxlaw-2830	728	26	engage	engage	VERB
taxlaw-2830	728	27	,	,	PUNCT
taxlaw-2830	728	28	instead	instead	ADV
taxlaw-2830	728	29	,	,	PUNCT
taxlaw-2830	728	30	in	in	ADP
taxlaw-2830	728	31	the	the	DET
taxlaw-2830	728	32	activity	activity	NOUN
taxlaw-2830	728	33	that	that	PRON
taxlaw-2830	728	34	would	would	AUX
taxlaw-2830	728	35	generate	generate	VERB
taxlaw-2830	728	36	non	non	ADJ
taxlaw-2830	728	37	-	-	ADJ
taxlaw-2830	728	38	qualifying	qualifying	ADJ
taxlaw-2830	728	39	income	income	NOUN
taxlaw-2830	728	40	.	.	PUNCT
taxlaw-2830	729	1	although	although	SCONJ
taxlaw-2830	729	2	rules	rule	NOUN
taxlaw-2830	729	3	that	that	PRON
taxlaw-2830	729	4	produce	produce	VERB
taxlaw-2830	729	5	cliff	cliff	NOUN
taxlaw-2830	729	6	effects	effect	NOUN
taxlaw-2830	729	7	can	can	AUX
taxlaw-2830	729	8	distort	distort	VERB
taxlaw-2830	729	9	taxpayers	taxpayer	NOUN
taxlaw-2830	729	10	‘	‘	PART
taxlaw-2830	729	11	decisions	decision	NOUN
taxlaw-2830	729	12	,	,	PUNCT
taxlaw-2830	729	13	it	it	PRON
taxlaw-2830	729	14	is	be	AUX
taxlaw-2830	729	15	not	not	PART
taxlaw-2830	729	16	clear	clear	ADJ
taxlaw-2830	729	17	that	that	SCONJ
taxlaw-2830	729	18	gradual	gradual	ADJ
taxlaw-2830	729	19	rules	rule	NOUN
taxlaw-2830	729	20	would	would	AUX
taxlaw-2830	729	21	distort	distort	VERB
taxlaw-2830	729	22	decisions	decision	NOUN
taxlaw-2830	729	23	to	to	ADP
taxlaw-2830	729	24	a	a	DET
taxlaw-2830	729	25	lesser	less	ADJ
taxlaw-2830	729	26	extent	extent	NOUN
taxlaw-2830	729	27	overall	overall	ADV
taxlaw-2830	729	28	.	.	PUNCT
taxlaw-2830	730	1	under	under	ADP
taxlaw-2830	730	2	a	a	DET
taxlaw-2830	730	3	gradual	gradual	ADJ
taxlaw-2830	730	4	rule	rule	NOUN
taxlaw-2830	730	5	that	that	PRON
taxlaw-2830	730	6	provides	provide	VERB
taxlaw-2830	730	7	that	that	SCONJ
taxlaw-2830	730	8	all	all	DET
taxlaw-2830	730	9	non	non	ADJ
taxlaw-2830	730	10	-	-	ADJ
taxlaw-2830	730	11	qualifying	qualifying	ADJ
taxlaw-2830	730	12	(	(	PUNCT
taxlaw-2830	730	13	and	and	CCONJ
taxlaw-2830	730	14	no	no	DET
taxlaw-2830	730	15	qualifying	qualify	VERB
taxlaw-2830	730	16	income	income	NOUN
taxlaw-2830	730	17	)	)	PUNCT
taxlaw-2830	730	18	is	be	AUX
taxlaw-2830	730	19	subject	subject	ADJ
taxlaw-2830	730	20	to	to	ADP
taxlaw-2830	730	21	entity	entity	NOUN
taxlaw-2830	730	22	-	-	PUNCT
taxlaw-2830	730	23	level	level	NOUN
taxlaw-2830	730	24	tax	tax	NOUN
taxlaw-2830	730	25	,	,	PUNCT
taxlaw-2830	730	26	the	the	DET
taxlaw-2830	730	27	decisions	decision	NOUN
taxlaw-2830	730	28	of	of	ADP
taxlaw-2830	730	29	a	a	DET
taxlaw-2830	730	30	partnership	partnership	NOUN
taxlaw-2830	730	31	under	under	ADP
taxlaw-2830	730	32	the	the	DET
taxlaw-2830	730	33	facts	fact	NOUN
taxlaw-2830	730	34	of	of	ADP
taxlaw-2830	730	35	the	the	DET
taxlaw-2830	730	36	example	example	NOUN
taxlaw-2830	730	37	just	just	ADV
taxlaw-2830	730	38	described	describe	VERB
taxlaw-2830	730	39	will	will	AUX
taxlaw-2830	730	40	be	be	AUX
taxlaw-2830	730	41	less	less	ADV
taxlaw-2830	730	42	subject	subject	ADJ
taxlaw-2830	730	43	to	to	ADP
taxlaw-2830	730	44	distortion	distortion	NOUN
taxlaw-2830	730	45	than	than	SCONJ
taxlaw-2830	730	46	such	such	ADJ
taxlaw-2830	730	47	decisions	decision	NOUN
taxlaw-2830	730	48	would	would	AUX
taxlaw-2830	730	49	be	be	AUX
taxlaw-2830	730	50	under	under	ADP
taxlaw-2830	730	51	current	current	ADJ
taxlaw-2830	730	52	law	law	NOUN
taxlaw-2830	730	53	.	.	PUNCT
taxlaw-2830	731	1	under	under	ADP
taxlaw-2830	731	2	current	current	ADJ
taxlaw-2830	731	3	law	law	NOUN
taxlaw-2830	731	4	,	,	PUNCT
taxlaw-2830	731	5	the	the	DET
taxlaw-2830	731	6	taxpayer	taxpayer	NOUN
taxlaw-2830	731	7	incurs	incur	VERB
taxlaw-2830	731	8	$	$	SYM
taxlaw-2830	731	9	350	350	NUM
taxlaw-2830	731	10	of	of	ADP
taxlaw-2830	731	11	tax	tax	NOUN
taxlaw-2830	731	12	liability	liability	NOUN
taxlaw-2830	731	13	by	by	ADP
taxlaw-2830	731	14	earning	earn	VERB
taxlaw-2830	731	15	one	one	NUM
taxlaw-2830	731	16	dollar	dollar	NOUN
taxlaw-2830	731	17	of	of	ADP
taxlaw-2830	731	18	non	non	ADJ
taxlaw-2830	731	19	-	-	ADJ
taxlaw-2830	731	20	qualifying	qualifying	ADJ
taxlaw-2830	731	21	income	income	NOUN
taxlaw-2830	731	22	so	so	SCONJ
taxlaw-2830	731	23	tax	tax	NOUN
taxlaw-2830	731	24	consequences	consequence	NOUN
taxlaw-2830	731	25	almost	almost	ADV
taxlaw-2830	731	26	certainly	certainly	ADV
taxlaw-2830	731	27	will	will	AUX
taxlaw-2830	731	28	dissuade	dissuade	VERB
taxlaw-2830	731	29	the	the	DET
taxlaw-2830	731	30	taxpayer	taxpayer	NOUN
taxlaw-2830	731	31	from	from	ADP
taxlaw-2830	731	32	engaging	engage	VERB
taxlaw-2830	731	33	in	in	ADP
taxlaw-2830	731	34	the	the	DET
taxlaw-2830	731	35	activity	activity	NOUN
taxlaw-2830	731	36	that	that	PRON
taxlaw-2830	731	37	generates	generate	VERB
taxlaw-2830	731	38	that	that	DET
taxlaw-2830	731	39	income	income	NOUN
taxlaw-2830	731	40	.	.	PUNCT
taxlaw-2830	732	1	by	by	ADP
taxlaw-2830	732	2	contrast	contrast	NOUN
taxlaw-2830	732	3	,	,	PUNCT
taxlaw-2830	732	4	under	under	ADP
taxlaw-2830	732	5	a	a	DET
taxlaw-2830	732	6	gradual	gradual	ADJ
taxlaw-2830	732	7	rule	rule	NOUN
taxlaw-2830	732	8	,	,	PUNCT
taxlaw-2830	732	9	the	the	DET
taxlaw-2830	732	10	taxpayer	taxpayer	NOUN
taxlaw-2830	732	11	would	would	AUX
taxlaw-2830	732	12	only	only	ADV
taxlaw-2830	732	13	incur	incur	VERB
taxlaw-2830	732	14	an	an	DET
taxlaw-2830	732	15	additional	additional	ADJ
taxlaw-2830	732	16	thirty	thirty	NUM
taxlaw-2830	732	17	-five	-five	ADJ
taxlaw-2830	732	18	cents	cent	NOUN
taxlaw-2830	732	19	of	of	ADP
taxlaw-2830	732	20	tax	tax	NOUN
taxlaw-2830	732	21	liability	liability	NOUN
taxlaw-2830	732	22	and	and	CCONJ
taxlaw-2830	732	23	thus	thus	ADV
taxlaw-2830	732	24	might	might	AUX
taxlaw-2830	732	25	still	still	ADV
taxlaw-2830	732	26	undertake	undertake	VERB
taxlaw-2830	732	27	the	the	DET
taxlaw-2830	732	28	activity	activity	NOUN
taxlaw-2830	732	29	despite	despite	SCONJ
taxlaw-2830	732	30	the	the	DET
taxlaw-2830	732	31	tax	tax	NOUN
taxlaw-2830	732	32	consequences	consequence	NOUN
taxlaw-2830	732	33	.	.	PUNCT
taxlaw-2830	733	1	however	however	ADV
taxlaw-2830	733	2	,	,	PUNCT
taxlaw-2830	733	3	compared	compare	VERB
taxlaw-2830	733	4	to	to	ADP
taxlaw-2830	733	5	current	current	ADJ
taxlaw-2830	733	6	law	law	NOUN
taxlaw-2830	733	7	,	,	PUNCT
taxlaw-2830	733	8	a	a	DET
taxlaw-2830	733	9	gradual	gradual	ADJ
taxlaw-2830	733	10	rule	rule	NOUN
taxlaw-2830	733	11	could	could	AUX
taxlaw-2830	733	12	cause	cause	VERB
taxlaw-2830	733	13	even	even	ADV
taxlaw-2830	733	14	greater	great	ADJ
taxlaw-2830	733	15	distortions	distortion	NOUN
taxlaw-2830	733	16	in	in	ADP
taxlaw-2830	733	17	the	the	DET
taxlaw-2830	733	18	decisions	decision	NOUN
taxlaw-2830	733	19	of	of	ADP
taxlaw-2830	733	20	partnerships	partnership	NOUN
taxlaw-2830	733	21	that	that	PRON
taxlaw-2830	733	22	earn	earn	VERB
taxlaw-2830	733	23	well	well	ADV
taxlaw-2830	733	24	over	over	ADP
taxlaw-2830	733	25	90	90	NUM
taxlaw-2830	733	26	percent	percent	NOUN
taxlaw-2830	733	27	qualifying	qualify	VERB
taxlaw-2830	733	28	income	income	NOUN
taxlaw-2830	733	29	,	,	PUNCT
taxlaw-2830	733	30	for	for	ADP
taxlaw-2830	733	31	example	example	NOUN
taxlaw-2830	733	32	.	.	PUNCT
taxlaw-2830	734	1	under	under	ADP
taxlaw-2830	734	2	current	current	ADJ
taxlaw-2830	734	3	law	law	NOUN
taxlaw-2830	734	4	,	,	PUNCT
taxlaw-2830	734	5	such	such	ADJ
taxlaw-2830	734	6	partnerships	partnership	NOUN
taxlaw-2830	734	7	can	can	AUX
taxlaw-2830	734	8	earn	earn	VERB
taxlaw-2830	734	9	one	one	NUM
taxlaw-2830	734	10	dollar	dollar	NOUN
taxlaw-2830	734	11	of	of	ADP
taxlaw-2830	734	12	non	non	ADJ
taxlaw-2830	734	13	-	-	ADJ
taxlaw-2830	734	14	qualifying	qualifying	ADJ
taxlaw-2830	734	15	income	income	NOUN
taxlaw-2830	734	16	or	or	CCONJ
taxlaw-2830	734	17	one	one	NUM
taxlaw-2830	734	18	dollar	dollar	NOUN
taxlaw-2830	734	19	of	of	ADP
taxlaw-2830	734	20	qualifying	qualify	VERB
taxlaw-2830	734	21	income	income	NOUN
taxlaw-2830	734	22	without	without	ADP
taxlaw-2830	734	23	incurring	incur	VERB
taxlaw-2830	734	24	any	any	DET
taxlaw-2830	734	25	entity	entity	NOUN
taxlaw-2830	734	26	-level	-level	NOUN
taxlaw-2830	734	27	tax	tax	NOUN
taxlaw-2830	734	28	.	.	PUNCT
taxlaw-2830	735	1	thus	thus	ADV
taxlaw-2830	735	2	,	,	PUNCT
taxlaw-2830	735	3	tax	tax	NOUN
taxlaw-2830	735	4	consequences	consequence	NOUN
taxlaw-2830	735	5	columbia	columbia	PROPN
taxlaw-2830	735	6	journal	journal	PROPN
taxlaw-2830	735	7	of	of	ADP
taxlaw-2830	735	8	tax	tax	NOUN
taxlaw-2830	735	9	law	law	NOUN
taxlaw-2830	735	10	[	[	X
taxlaw-2830	735	11	vol.6:147	vol.6:147	NOUN
taxlaw-2830	735	12	172	172	NUM
taxlaw-2830	735	13	prompted	prompt	VERB
taxlaw-2830	735	14	congress	congress	PROPN
taxlaw-2830	735	15	to	to	PART
taxlaw-2830	735	16	grant	grant	VERB
taxlaw-2830	735	17	special	special	ADJ
taxlaw-2830	735	18	tax	tax	NOUN
taxlaw-2830	735	19	treatment	treatment	NOUN
taxlaw-2830	735	20	to	to	ADP
taxlaw-2830	735	21	entities	entity	NOUN
taxlaw-2830	735	22	that	that	PRON
taxlaw-2830	735	23	earn	earn	AUX
taxlaw-2830	735	24	predominately	predominately	ADV
taxlaw-2830	735	25	qualifying	qualify	VERB
taxlaw-2830	735	26	income	income	NOUN
taxlaw-2830	735	27	,	,	PUNCT
taxlaw-2830	735	28	it	it	PRON
taxlaw-2830	735	29	is	be	AUX
taxlaw-2830	735	30	highly	highly	ADV
taxlaw-2830	735	31	unlikely	unlikely	ADJ
taxlaw-2830	735	32	that	that	SCONJ
taxlaw-2830	735	33	these	these	DET
taxlaw-2830	735	34	goals	goal	NOUN
taxlaw-2830	735	35	are	be	AUX
taxlaw-2830	735	36	best	well	ADV
taxlaw-2830	735	37	served	serve	VERB
taxlaw-2830	735	38	by	by	ADP
taxlaw-2830	735	39	granting	grant	VERB
taxlaw-2830	735	40	extremely	extremely	ADV
taxlaw-2830	735	41	different	different	ADJ
taxlaw-2830	735	42	treatment	treatment	NOUN
taxlaw-2830	735	43	to	to	ADP
taxlaw-2830	735	44	two	two	NUM
taxlaw-2830	735	45	entities	entity	NOUN
taxlaw-2830	735	46	when	when	SCONJ
taxlaw-2830	735	47	the	the	DET
taxlaw-2830	735	48	only	only	ADJ
taxlaw-2830	735	49	difference	difference	NOUN
taxlaw-2830	735	50	between	between	ADP
taxlaw-2830	735	51	the	the	DET
taxlaw-2830	735	52	entities	entity	NOUN
taxlaw-2830	735	53	is	be	AUX
taxlaw-2830	735	54	that	that	SCONJ
taxlaw-2830	735	55	qualifying	qualify	VERB
taxlaw-2830	735	56	income	income	NOUN
taxlaw-2830	735	57	represents	represent	VERB
taxlaw-2830	735	58	90	90	NUM
taxlaw-2830	735	59	percent	percent	NOUN
taxlaw-2830	735	60	of	of	ADP
taxlaw-2830	735	61	the	the	DET
taxlaw-2830	735	62	gross	gross	ADJ
taxlaw-2830	735	63	income	income	NOUN
taxlaw-2830	735	64	of	of	ADP
taxlaw-2830	735	65	one	one	NUM
taxlaw-2830	735	66	entity	entity	NOUN
taxlaw-2830	735	67	but	but	CCONJ
taxlaw-2830	735	68	89.99	89.99	NUM
taxlaw-2830	735	69	percent	percent	NOUN
taxlaw-2830	735	70	of	of	ADP
taxlaw-2830	735	71	the	the	DET
taxlaw-2830	735	72	gross	gross	ADJ
taxlaw-2830	735	73	income	income	NOUN
taxlaw-2830	735	74	of	of	ADP
taxlaw-2830	735	75	the	the	DET
taxlaw-2830	735	76	other	other	ADJ
taxlaw-2830	735	77	entity	entity	NOUN
taxlaw-2830	735	78	.	.	PUNCT
taxlaw-2830	736	1	124	124	NUM
taxlaw-2830	736	2	hence	hence	ADV
taxlaw-2830	736	3	,	,	PUNCT
taxlaw-2830	736	4	the	the	DET
taxlaw-2830	736	5	goal	goal	NOUN
taxlaw-2830	736	6	of	of	ADP
taxlaw-2830	736	7	granting	grant	VERB
taxlaw-2830	736	8	special	special	ADJ
taxlaw-2830	736	9	treatment	treatment	NOUN
taxlaw-2830	736	10	to	to	PART
taxlaw-2830	736	11	income	income	VERB
taxlaw-2830	736	12	that	that	SCONJ
taxlaw-2830	736	13	owners	owner	NOUN
taxlaw-2830	736	14	of	of	ADP
taxlaw-2830	736	15	the	the	DET
taxlaw-2830	736	16	publicly	publicly	ADV
taxlaw-2830	736	17	traded	trade	VERB
taxlaw-2830	736	18	entity	entity	NOUN
taxlaw-2830	736	19	could	could	AUX
taxlaw-2830	736	20	earn	earn	AUX
taxlaw-2830	736	21	directly	directly	ADV
taxlaw-2830	736	22	would	would	AUX
taxlaw-2830	736	23	be	be	AUX
taxlaw-2830	736	24	served	serve	VERB
taxlaw-2830	736	25	better	well	ADV
taxlaw-2830	736	26	by	by	ADP
taxlaw-2830	736	27	less	less	ADV
taxlaw-2830	736	28	arbitrary	arbitrary	ADJ
taxlaw-2830	736	29	rules	rule	NOUN
taxlaw-2830	736	30	.	.	PUNCT
taxlaw-2830	737	1	even	even	ADV
taxlaw-2830	737	2	if	if	SCONJ
taxlaw-2830	737	3	qualifying	qualify	VERB
taxlaw-2830	737	4	income	income	NOUN
taxlaw-2830	737	5	were	be	AUX
taxlaw-2830	737	6	defined	define	VERB
taxlaw-2830	737	7	appropriately	appropriately	ADV
taxlaw-2830	737	8	to	to	PART
taxlaw-2830	737	9	include	include	VERB
taxlaw-2830	737	10	only	only	ADJ
taxlaw-2830	737	11	income	income	NOUN
taxlaw-2830	737	12	that	that	SCONJ
taxlaw-2830	737	13	owners	owner	NOUN
taxlaw-2830	737	14	of	of	ADP
taxlaw-2830	737	15	the	the	DET
taxlaw-2830	737	16	entity	entity	NOUN
taxlaw-2830	737	17	could	could	AUX
taxlaw-2830	737	18	earn	earn	VERB
taxlaw-2830	737	19	directly	directly	ADV
taxlaw-2830	737	20	,	,	PUNCT
taxlaw-2830	737	21	this	this	DET
taxlaw-2830	737	22	justification	justification	NOUN
taxlaw-2830	737	23	suggests	suggest	VERB
taxlaw-2830	737	24	that	that	SCONJ
taxlaw-2830	737	25	qualifying	qualify	VERB
taxlaw-2830	737	26	income	income	NOUN
taxlaw-2830	737	27	earned	earn	VERB
taxlaw-2830	737	28	by	by	ADP
taxlaw-2830	737	29	any	any	DET
taxlaw-2830	737	30	publicly	publicly	ADV
taxlaw-2830	737	31	traded	trade	VERB
taxlaw-2830	737	32	entity	entity	NOUN
taxlaw-2830	737	33	ought	ought	AUX
taxlaw-2830	737	34	to	to	PART
taxlaw-2830	737	35	be	be	AUX
taxlaw-2830	737	36	exempt	exempt	ADJ
taxlaw-2830	737	37	from	from	ADP
taxlaw-2830	737	38	the	the	DET
taxlaw-2830	737	39	corporate	corporate	ADJ
taxlaw-2830	737	40	tax	tax	NOUN
taxlaw-2830	737	41	system	system	NOUN
taxlaw-2830	737	42	regardless	regardless	ADV
taxlaw-2830	737	43	of	of	ADP
taxlaw-2830	737	44	the	the	DET
taxlaw-2830	737	45	amount	amount	NOUN
taxlaw-2830	737	46	of	of	ADP
taxlaw-2830	737	47	qualifying	qualify	VERB
taxlaw-2830	737	48	income	income	NOUN
taxlaw-2830	737	49	earned	earn	VERB
taxlaw-2830	737	50	by	by	ADP
taxlaw-2830	737	51	the	the	DET
taxlaw-2830	737	52	publicly	publicly	ADV
taxlaw-2830	737	53	traded	trade	VERB
taxlaw-2830	737	54	entity	entity	NOUN
taxlaw-2830	737	55	.	.	PUNCT
taxlaw-2830	738	1	consider	consider	VERB
taxlaw-2830	738	2	,	,	PUNCT
taxlaw-2830	738	3	for	for	ADP
taxlaw-2830	738	4	instance	instance	NOUN
taxlaw-2830	738	5	,	,	PUNCT
taxlaw-2830	738	6	a	a	DET
taxlaw-2830	738	7	publicly	publicly	ADV
taxlaw-2830	738	8	traded	trade	VERB
taxlaw-2830	738	9	entity	entity	NOUN
taxlaw-2830	738	10	that	that	PRON
taxlaw-2830	738	11	earns	earn	VERB
taxlaw-2830	738	12	interest	interest	NOUN
taxlaw-2830	738	13	income	income	NOUN
taxlaw-2830	738	14	from	from	ADP
taxlaw-2830	738	15	investing	invest	VERB
taxlaw-2830	738	16	in	in	ADP
taxlaw-2830	738	17	u.s	u.s	PROPN
taxlaw-2830	738	18	.	.	PROPN
taxlaw-2830	738	19	treasury	treasury	PROPN
taxlaw-2830	738	20	securities	security	NOUN
taxlaw-2830	738	21	--	--	PUNCT
taxlaw-2830	738	22	income	income	NOUN
taxlaw-2830	738	23	that	that	PRON
taxlaw-2830	738	24	owners	owner	NOUN
taxlaw-2830	738	25	of	of	ADP
taxlaw-2830	738	26	the	the	DET
taxlaw-2830	738	27	entity	entity	NOUN
taxlaw-2830	738	28	could	could	AUX
taxlaw-2830	738	29	earn	earn	VERB
taxlaw-2830	738	30	directly	directly	ADV
taxlaw-2830	738	31	because	because	SCONJ
taxlaw-2830	738	32	they	they	PRON
taxlaw-2830	738	33	have	have	VERB
taxlaw-2830	738	34	ready	ready	ADJ
taxlaw-2830	738	35	access	access	NOUN
taxlaw-2830	738	36	to	to	ADP
taxlaw-2830	738	37	the	the	DET
taxlaw-2830	738	38	u.s	u.s	PROPN
taxlaw-2830	738	39	.	.	PROPN
taxlaw-2830	738	40	treasury	treasury	PROPN
taxlaw-2830	738	41	securities	security	NOUN
taxlaw-2830	738	42	through	through	ADP
taxlaw-2830	738	43	the	the	DET
taxlaw-2830	738	44	public	public	ADJ
taxlaw-2830	738	45	markets	market	NOUN
taxlaw-2830	738	46	.	.	PUNCT
taxlaw-2830	739	1	the	the	DET
taxlaw-2830	739	2	fact	fact	NOUN
taxlaw-2830	739	3	that	that	SCONJ
taxlaw-2830	739	4	the	the	DET
taxlaw-2830	739	5	owners	owner	NOUN
taxlaw-2830	739	6	of	of	ADP
taxlaw-2830	739	7	the	the	DET
taxlaw-2830	739	8	entity	entity	NOUN
taxlaw-2830	739	9	could	could	AUX
taxlaw-2830	739	10	earn	earn	VERB
taxlaw-2830	739	11	this	this	DET
taxlaw-2830	739	12	income	income	NOUN
taxlaw-2830	739	13	directly	directly	ADV
taxlaw-2830	739	14	becomes	become	VERB
taxlaw-2830	739	15	no	no	PRON
taxlaw-2830	739	16	more	more	ADV
taxlaw-2830	739	17	true	true	ADJ
taxlaw-2830	739	18	if	if	SCONJ
taxlaw-2830	739	19	the	the	DET
taxlaw-2830	739	20	income	income	NOUN
taxlaw-2830	739	21	is	be	AUX
taxlaw-2830	739	22	earned	earn	VERB
taxlaw-2830	739	23	by	by	ADP
taxlaw-2830	739	24	a	a	DET
taxlaw-2830	739	25	publicly	publicly	ADV
taxlaw-2830	739	26	traded	trade	VERB
taxlaw-2830	739	27	entity	entity	NOUN
taxlaw-2830	739	28	that	that	PRON
taxlaw-2830	739	29	earns	earn	VERB
taxlaw-2830	739	30	mainly	mainly	ADV
taxlaw-2830	739	31	qualifying	qualify	VERB
taxlaw-2830	739	32	income	income	NOUN
taxlaw-2830	739	33	rather	rather	ADV
taxlaw-2830	739	34	than	than	ADP
taxlaw-2830	739	35	by	by	ADP
taxlaw-2830	739	36	a	a	DET
taxlaw-2830	739	37	publicly	publicly	ADV
taxlaw-2830	739	38	traded	trade	VERB
taxlaw-2830	739	39	entity	entity	NOUN
taxlaw-2830	739	40	that	that	PRON
taxlaw-2830	739	41	earns	earn	VERB
taxlaw-2830	739	42	mainly	mainly	ADV
taxlaw-2830	739	43	active	active	ADJ
taxlaw-2830	739	44	business	business	NOUN
taxlaw-2830	739	45	income	income	NOUN
taxlaw-2830	739	46	.	.	PUNCT
taxlaw-2830	740	1	publicly	publicly	ADV
taxlaw-2830	740	2	traded	trade	VERB
taxlaw-2830	740	3	partnerships	partnership	NOUN
taxlaw-2830	740	4	that	that	PRON
taxlaw-2830	740	5	earn	earn	VERB
taxlaw-2830	740	6	income	income	NOUN
taxlaw-2830	740	7	that	that	PRON
taxlaw-2830	740	8	is	be	AUX
taxlaw-2830	740	9	close	close	ADJ
taxlaw-2830	740	10	to	to	ADP
taxlaw-2830	740	11	the	the	DET
taxlaw-2830	740	12	90	90	NUM
taxlaw-2830	740	13	percent	percent	NOUN
taxlaw-2830	740	14	threshold	threshold	NOUN
taxlaw-2830	740	15	likely	likely	ADV
taxlaw-2830	740	16	will	will	AUX
taxlaw-2830	740	17	be	be	AUX
taxlaw-2830	740	18	sufficiently	sufficiently	ADV
taxlaw-2830	740	19	sophisticated	sophisticated	ADJ
taxlaw-2830	740	20	to	to	PART
taxlaw-2830	740	21	monitor	monitor	VERB
taxlaw-2830	740	22	the	the	DET
taxlaw-2830	740	23	amounts	amount	NOUN
taxlaw-2830	740	24	of	of	ADP
taxlaw-2830	740	25	income	income	NOUN
taxlaw-2830	740	26	earned	earn	VERB
taxlaw-2830	740	27	to	to	PART
taxlaw-2830	740	28	ensure	ensure	VERB
taxlaw-2830	740	29	that	that	SCONJ
taxlaw-2830	740	30	the	the	DET
taxlaw-2830	740	31	90	90	NUM
taxlaw-2830	740	32	percent	percent	NOUN
taxlaw-2830	740	33	test	test	NOUN
taxlaw-2830	740	34	is	be	AUX
taxlaw-2830	740	35	met	meet	VERB
taxlaw-2830	740	36	.	.	PUNCT
taxlaw-2830	741	1	furthermore	furthermore	ADV
taxlaw-2830	741	2	,	,	PUNCT
taxlaw-2830	741	3	if	if	SCONJ
taxlaw-2830	741	4	a	a	DET
taxlaw-2830	741	5	publicly	publicly	ADV
taxlaw-2830	741	6	traded	trade	VERB
taxlaw-2830	741	7	entity	entity	NOUN
taxlaw-2830	741	8	earns	earn	VERB
taxlaw-2830	741	9	qualifying	qualify	VERB
taxlaw-2830	741	10	income	income	NOUN
taxlaw-2830	741	11	in	in	ADP
taxlaw-2830	741	12	an	an	DET
taxlaw-2830	741	13	amount	amount	NOUN
taxlaw-2830	741	14	large	large	ADJ
taxlaw-2830	741	15	enough	enough	ADV
taxlaw-2830	741	16	to	to	PART
taxlaw-2830	741	17	justify	justify	VERB
taxlaw-2830	741	18	the	the	DET
taxlaw-2830	741	19	structuring	structuring	NOUN
taxlaw-2830	741	20	costs	cost	NOUN
taxlaw-2830	741	21	,	,	PUNCT
taxlaw-2830	741	22	it	it	PRON
taxlaw-2830	741	23	can	can	AUX
taxlaw-2830	741	24	earn	earn	VERB
taxlaw-2830	741	25	the	the	DET
taxlaw-2830	741	26	non	non	ADJ
taxlaw-2830	741	27	-	-	ADJ
taxlaw-2830	741	28	qualifying	qualifying	ADJ
taxlaw-2830	741	29	income	income	NOUN
taxlaw-2830	741	30	through	through	ADP
taxlaw-2830	741	31	a	a	DET
taxlaw-2830	741	32	corporate	corporate	ADJ
taxlaw-2830	741	33	subsidiary	subsidiary	NOUN
taxlaw-2830	741	34	or	or	CCONJ
taxlaw-2830	741	35	unrelated	unrelated	ADJ
taxlaw-2830	741	36	corporation	corporation	NOUN
taxlaw-2830	741	37	so	so	SCONJ
taxlaw-2830	741	38	that	that	SCONJ
taxlaw-2830	741	39	its	its	PRON
taxlaw-2830	741	40	qualifying	qualify	VERB
taxlaw-2830	741	41	income	income	NOUN
taxlaw-2830	741	42	escapes	escape	VERB
taxlaw-2830	741	43	corporate	corporate	ADJ
taxlaw-2830	741	44	-	-	PUNCT
taxlaw-2830	741	45	level	level	NOUN
taxlaw-2830	741	46	tax	tax	NOUN
taxlaw-2830	741	47	.	.	PUNCT
taxlaw-2830	742	1	for	for	ADP
taxlaw-2830	742	2	instance	instance	NOUN
taxlaw-2830	742	3	,	,	PUNCT
taxlaw-2830	742	4	if	if	SCONJ
taxlaw-2830	742	5	a	a	DET
taxlaw-2830	742	6	publicly	publicly	ADV
taxlaw-2830	742	7	traded	trade	VERB
taxlaw-2830	742	8	entity	entity	NOUN
taxlaw-2830	742	9	earns	earn	VERB
taxlaw-2830	742	10	60	60	NUM
taxlaw-2830	742	11	percent	percent	NOUN
taxlaw-2830	742	12	qualifying	qualify	VERB
taxlaw-2830	742	13	income	income	NOUN
taxlaw-2830	742	14	and	and	CCONJ
taxlaw-2830	742	15	40	40	NUM
taxlaw-2830	742	16	percent	percent	NOUN
taxlaw-2830	742	17	non	non	ADJ
taxlaw-2830	742	18	-	-	ADJ
taxlaw-2830	742	19	qualifying	qualifying	ADJ
taxlaw-2830	742	20	income	income	NOUN
taxlaw-2830	742	21	,	,	PUNCT
taxlaw-2830	742	22	it	it	PRON
taxlaw-2830	742	23	can	can	AUX
taxlaw-2830	742	24	set	set	VERB
taxlaw-2830	742	25	up	up	ADP
taxlaw-2830	742	26	a	a	DET
taxlaw-2830	742	27	corporate	corporate	ADJ
taxlaw-2830	742	28	subsidiary	subsidiary	NOUN
taxlaw-2830	742	29	through	through	ADP
taxlaw-2830	742	30	which	which	PRON
taxlaw-2830	742	31	it	it	PRON
taxlaw-2830	742	32	will	will	AUX
taxlaw-2830	742	33	funnel	funnel	VERB
taxlaw-2830	742	34	the	the	DET
taxlaw-2830	742	35	non	non	ADJ
taxlaw-2830	742	36	-	-	ADJ
taxlaw-2830	742	37	qualifying	qualifying	ADJ
taxlaw-2830	742	38	income	income	NOUN
taxlaw-2830	742	39	so	so	SCONJ
taxlaw-2830	742	40	that	that	SCONJ
taxlaw-2830	742	41	its	its	PRON
taxlaw-2830	742	42	qualifying	qualify	VERB
taxlaw-2830	742	43	income	income	NOUN
taxlaw-2830	742	44	can	can	AUX
taxlaw-2830	742	45	maintain	maintain	VERB
taxlaw-2830	742	46	exemption	exemption	NOUN
taxlaw-2830	742	47	from	from	ADP
taxlaw-2830	742	48	corporate	corporate	ADJ
taxlaw-2830	742	49	-	-	PUNCT
taxlaw-2830	742	50	level	level	NOUN
taxlaw-2830	742	51	tax	tax	NOUN
taxlaw-2830	742	52	,	,	PUNCT
taxlaw-2830	742	53	similar	similar	ADJ
taxlaw-2830	742	54	to	to	ADP
taxlaw-2830	742	55	the	the	DET
taxlaw-2830	742	56	structure	structure	NOUN
taxlaw-2830	742	57	used	use	VERB
taxlaw-2830	742	58	by	by	ADP
taxlaw-2830	742	59	the	the	DET
taxlaw-2830	742	60	new	new	ADJ
taxlaw-2830	742	61	wave	wave	NOUN
taxlaw-2830	742	62	of	of	ADP
taxlaw-2830	742	63	exempt	exempt	ADJ
taxlaw-2830	742	64	publicly	publicly	ADV
taxlaw-2830	742	65	traded	trade	VERB
taxlaw-2830	742	66	partnerships	partnership	NOUN
taxlaw-2830	742	67	discussed	discuss	VERB
taxlaw-2830	742	68	above	above	ADV
taxlaw-2830	742	69	.	.	PUNCT
taxlaw-2830	743	1	125	125	NUM
taxlaw-2830	743	2	therefore	therefore	ADV
taxlaw-2830	743	3	,	,	PUNCT
taxlaw-2830	743	4	the	the	DET
taxlaw-2830	743	5	arbitrariness	arbitrariness	NOUN
taxlaw-2830	743	6	of	of	ADP
taxlaw-2830	743	7	the	the	DET
taxlaw-2830	743	8	rules	rule	NOUN
taxlaw-2830	743	9	ultimately	ultimately	ADV
taxlaw-2830	743	10	might	might	AUX
taxlaw-2830	743	11	not	not	PART
taxlaw-2830	743	12	affect	affect	VERB
taxlaw-2830	743	13	the	the	DET
taxlaw-2830	743	14	tax	tax	NOUN
taxlaw-2830	743	15	consequences	consequence	NOUN
taxlaw-2830	743	16	experienced	experience	VERB
taxlaw-2830	743	17	by	by	ADP
taxlaw-2830	743	18	publicly	publicly	ADV
taxlaw-2830	743	19	traded	trade	VERB
taxlaw-2830	743	20	entities	entity	NOUN
taxlaw-2830	743	21	.	.	PUNCT
taxlaw-2830	744	1	126	126	NUM
taxlaw-2830	744	2	however	however	ADV
taxlaw-2830	744	3	,	,	PUNCT
taxlaw-2830	744	4	the	the	DET
taxlaw-2830	744	5	arbitrariness	arbitrariness	NOUN
taxlaw-2830	744	6	is	be	AUX
taxlaw-2830	744	7	problematic	problematic	ADJ
taxlaw-2830	744	8	because	because	SCONJ
taxlaw-2830	744	9	it	it	PRON
taxlaw-2830	744	10	induces	induce	VERB
taxlaw-2830	744	11	taxpayers	taxpayer	NOUN
taxlaw-2830	744	12	to	to	PART
taxlaw-2830	744	13	engage	engage	VERB
taxlaw-2830	744	14	in	in	ADP
taxlaw-2830	744	15	costly	costly	ADJ
taxlaw-2830	744	16	tax	tax	NOUN
taxlaw-2830	744	17	planning	planning	NOUN
taxlaw-2830	744	18	to	to	PART
taxlaw-2830	744	19	exempt	exempt	VERB
taxlaw-2830	744	20	qualifying	qualifying	NOUN
taxlaw-2830	744	21	income	income	NOUN
taxlaw-2830	744	22	from	from	ADP
taxlaw-2830	744	23	corporate	corporate	ADJ
taxlaw-2830	744	24	-	-	PUNCT
taxlaw-2830	744	25	level	level	NOUN
taxlaw-2830	744	26	tax	tax	NOUN
taxlaw-2830	744	27	.	.	PUNCT
taxlaw-2830	745	1	127	127	NUM
taxlaw-2830	745	2	the	the	DET
taxlaw-2830	745	3	tax	tax	NOUN
taxlaw-2830	745	4	planning	planning	NOUN
taxlaw-2830	745	5	could	could	AUX
taxlaw-2830	745	6	be	be	AUX
taxlaw-2830	745	7	costly	costly	ADJ
taxlaw-2830	745	8	for	for	SCONJ
taxlaw-2830	745	9	a	a	PRON
taxlaw-2830	745	10	will	will	AUX
taxlaw-2830	745	11	not	not	PART
taxlaw-2830	745	12	distort	distort	VERB
taxlaw-2830	745	13	the	the	DET
taxlaw-2830	745	14	decision	decision	NOUN
taxlaw-2830	745	15	between	between	ADP
taxlaw-2830	745	16	the	the	DET
taxlaw-2830	745	17	two	two	NUM
taxlaw-2830	745	18	types	type	NOUN
taxlaw-2830	745	19	of	of	ADP
taxlaw-2830	745	20	income	income	NOUN
taxlaw-2830	745	21	.	.	PUNCT
taxlaw-2830	746	1	under	under	ADP
taxlaw-2830	746	2	a	a	DET
taxlaw-2830	746	3	gradual	gradual	ADJ
taxlaw-2830	746	4	rule	rule	NOUN
taxlaw-2830	746	5	,	,	PUNCT
taxlaw-2830	746	6	such	such	ADJ
taxlaw-2830	746	7	partnerships	partnership	NOUN
taxlaw-2830	746	8	could	could	AUX
taxlaw-2830	746	9	earn	earn	VERB
taxlaw-2830	746	10	one	one	NUM
taxlaw-2830	746	11	dollar	dollar	NOUN
taxlaw-2830	746	12	of	of	ADP
taxlaw-2830	746	13	qualifying	qualify	VERB
taxlaw-2830	746	14	income	income	NOUN
taxlaw-2830	746	15	without	without	ADP
taxlaw-2830	746	16	incurring	incur	VERB
taxlaw-2830	746	17	any	any	DET
taxlaw-2830	746	18	entity	entity	NOUN
taxlaw-2830	746	19	-level	-level	NOUN
taxlaw-2830	746	20	tax	tax	NOUN
taxlaw-2830	746	21	but	but	CCONJ
taxlaw-2830	746	22	would	would	AUX
taxlaw-2830	746	23	incur	incur	VERB
taxlaw-2830	746	24	thirty	thirty	NUM
taxlaw-2830	746	25	-	-	PUNCT
taxlaw-2830	746	26	five	five	NUM
taxlaw-2830	746	27	cents	cent	NOUN
taxlaw-2830	746	28	of	of	ADP
taxlaw-2830	746	29	entity	entity	NOUN
taxlaw-2830	746	30	-	-	PUNCT
taxlaw-2830	746	31	level	level	NOUN
taxlaw-2830	746	32	tax	tax	NOUN
taxlaw-2830	746	33	as	as	ADP
taxlaw-2830	746	34	a	a	DET
taxlaw-2830	746	35	result	result	NOUN
taxlaw-2830	746	36	of	of	ADP
taxlaw-2830	746	37	earning	earn	VERB
taxlaw-2830	746	38	one	one	NUM
taxlaw-2830	746	39	dollar	dollar	NOUN
taxlaw-2830	746	40	non	non	ADJ
taxlaw-2830	746	41	-	-	ADJ
taxlaw-2830	746	42	qualifying	qualifying	ADJ
taxlaw-2830	746	43	income	income	NOUN
taxlaw-2830	746	44	.	.	PUNCT
taxlaw-2830	747	1	thus	thus	ADV
taxlaw-2830	747	2	,	,	PUNCT
taxlaw-2830	747	3	as	as	SCONJ
taxlaw-2830	747	4	compared	compare	VERB
taxlaw-2830	747	5	to	to	ADP
taxlaw-2830	747	6	current	current	ADJ
taxlaw-2830	747	7	law	law	NOUN
taxlaw-2830	747	8	,	,	PUNCT
taxlaw-2830	747	9	a	a	DET
taxlaw-2830	747	10	gradual	gradual	ADJ
taxlaw-2830	747	11	rule	rule	NOUN
taxlaw-2830	747	12	could	could	AUX
taxlaw-2830	747	13	cause	cause	VERB
taxlaw-2830	747	14	greater	great	ADJ
taxlaw-2830	747	15	distortions	distortion	NOUN
taxlaw-2830	747	16	in	in	ADP
taxlaw-2830	747	17	the	the	DET
taxlaw-2830	747	18	decisions	decision	NOUN
taxlaw-2830	747	19	made	make	VERB
taxlaw-2830	747	20	by	by	ADP
taxlaw-2830	747	21	partnerships	partnership	NOUN
taxlaw-2830	747	22	with	with	ADP
taxlaw-2830	747	23	well	well	ADV
taxlaw-2830	747	24	over	over	ADP
taxlaw-2830	747	25	(	(	PUNCT
taxlaw-2830	747	26	or	or	CCONJ
taxlaw-2830	747	27	well	well	ADV
taxlaw-2830	747	28	under	under	ADJ
taxlaw-2830	747	29	)	)	PUNCT
taxlaw-2830	747	30	90	90	NUM
taxlaw-2830	747	31	percent	percent	NOUN
taxlaw-2830	747	32	qualifying	qualify	VERB
taxlaw-2830	747	33	income	income	NOUN
taxlaw-2830	747	34	.	.	PUNCT
taxlaw-2830	748	1	for	for	ADP
taxlaw-2830	748	2	a	a	DET
taxlaw-2830	748	3	similar	similar	ADJ
taxlaw-2830	748	4	discussion	discussion	NOUN
taxlaw-2830	748	5	,	,	PUNCT
taxlaw-2830	748	6	see	see	VERB
taxlaw-2830	748	7	david	david	PROPN
taxlaw-2830	748	8	a.	a.	PROPN
taxlaw-2830	748	9	weisbach	weisbach	PROPN
taxlaw-2830	748	10	,	,	PUNCT
taxlaw-2830	748	11	formalism	formalism	NOUN
taxlaw-2830	748	12	in	in	ADP
taxlaw-2830	748	13	the	the	DET
taxlaw-2830	748	14	tax	tax	NOUN
taxlaw-2830	748	15	law	law	NOUN
taxlaw-2830	748	16	,	,	PUNCT
taxlaw-2830	748	17	66	66	NUM
taxlaw-2830	748	18	u.	u.	PROPN
taxlaw-2830	748	19	chi	chi	PROPN
taxlaw-2830	748	20	.	.	PUNCT
taxlaw-2830	749	1	l.	l.	PROPN
taxlaw-2830	749	2	rev	rev	PROPN
taxlaw-2830	749	3	.	.	PROPN
taxlaw-2830	749	4	860	860	NUM
taxlaw-2830	749	5	,	,	PUNCT
taxlaw-2830	749	6	873–74	873–74	NUM
taxlaw-2830	749	7	(	(	PUNCT
taxlaw-2830	749	8	1999	1999	NUM
taxlaw-2830	749	9	)	)	PUNCT
taxlaw-2830	749	10	.	.	PUNCT
taxlaw-2830	750	1	124	124	NUM
taxlaw-2830	751	1	it	it	PRON
taxlaw-2830	751	2	could	could	AUX
taxlaw-2830	751	3	be	be	AUX
taxlaw-2830	751	4	that	that	SCONJ
taxlaw-2830	751	5	congress	congress	PROPN
taxlaw-2830	751	6	adopted	adopt	VERB
taxlaw-2830	751	7	a	a	DET
taxlaw-2830	751	8	90	90	NUM
taxlaw-2830	751	9	percent	percent	NOUN
taxlaw-2830	751	10	threshold	threshold	NOUN
taxlaw-2830	751	11	for	for	ADP
taxlaw-2830	751	12	reasons	reason	NOUN
taxlaw-2830	751	13	of	of	ADP
taxlaw-2830	751	14	administrative	administrative	ADJ
taxlaw-2830	751	15	convenience	convenience	NOUN
taxlaw-2830	751	16	.	.	PUNCT
taxlaw-2830	752	1	as	as	SCONJ
taxlaw-2830	752	2	discussed	discuss	VERB
taxlaw-2830	752	3	below	below	ADV
taxlaw-2830	752	4	,	,	PUNCT
taxlaw-2830	752	5	additional	additional	ADJ
taxlaw-2830	752	6	complexity	complexity	NOUN
taxlaw-2830	752	7	would	would	AUX
taxlaw-2830	752	8	arise	arise	VERB
taxlaw-2830	752	9	under	under	ADP
taxlaw-2830	752	10	a	a	DET
taxlaw-2830	752	11	system	system	NOUN
taxlaw-2830	752	12	in	in	ADP
taxlaw-2830	752	13	which	which	PRON
taxlaw-2830	752	14	qualifying	qualify	VERB
taxlaw-2830	752	15	income	income	NOUN
taxlaw-2830	752	16	is	be	AUX
taxlaw-2830	752	17	always	always	ADV
taxlaw-2830	752	18	subject	subject	ADJ
taxlaw-2830	752	19	to	to	ADP
taxlaw-2830	752	20	one	one	NUM
taxlaw-2830	752	21	level	level	NOUN
taxlaw-2830	752	22	of	of	ADP
taxlaw-2830	752	23	tax	tax	NOUN
taxlaw-2830	752	24	while	while	SCONJ
taxlaw-2830	752	25	non	non	ADJ
taxlaw-2830	752	26	-	-	ADJ
taxlaw-2830	752	27	qualifying	qualifying	ADJ
taxlaw-2830	752	28	income	income	NOUN
taxlaw-2830	752	29	earned	earn	VERB
taxlaw-2830	752	30	by	by	ADP
taxlaw-2830	752	31	a	a	DET
taxlaw-2830	752	32	publicly	publicly	ADV
taxlaw-2830	752	33	traded	trade	VERB
taxlaw-2830	752	34	entity	entity	NOUN
taxlaw-2830	752	35	is	be	AUX
taxlaw-2830	752	36	subject	subject	ADJ
taxlaw-2830	752	37	to	to	ADP
taxlaw-2830	752	38	two	two	NUM
taxlaw-2830	752	39	levels	level	NOUN
taxlaw-2830	752	40	of	of	ADP
taxlaw-2830	752	41	tax	tax	NOUN
taxlaw-2830	752	42	.	.	PUNCT
taxlaw-2830	753	1	see	see	VERB
taxlaw-2830	753	2	infra	infra	NOUN
taxlaw-2830	753	3	part	part	NOUN
taxlaw-2830	753	4	v.b.1	v.b.1	NOUN
taxlaw-2830	753	5	.	.	PUNCT
taxlaw-2830	754	1	125	125	NUM
taxlaw-2830	754	2	see	see	VERB
taxlaw-2830	754	3	supra	supra	PROPN
taxlaw-2830	754	4	part	part	NOUN
taxlaw-2830	754	5	ii.c	ii.c	VERB
taxlaw-2830	754	6	.	.	PUNCT
taxlaw-2830	755	1	126	126	NUM
taxlaw-2830	755	2	furthermore	furthermore	ADV
taxlaw-2830	755	3	,	,	PUNCT
taxlaw-2830	755	4	if	if	SCONJ
taxlaw-2830	755	5	a	a	DET
taxlaw-2830	755	6	publicly	publicly	ADV
taxlaw-2830	755	7	traded	trade	VERB
taxlaw-2830	755	8	partnership	partnership	NOUN
taxlaw-2830	755	9	did	do	AUX
taxlaw-2830	755	10	miss	miss	VERB
taxlaw-2830	755	11	the	the	DET
taxlaw-2830	755	12	90	90	NUM
taxlaw-2830	755	13	percent	percent	NOUN
taxlaw-2830	755	14	threshold	threshold	NOUN
taxlaw-2830	755	15	by	by	ADP
taxlaw-2830	755	16	a	a	DET
taxlaw-2830	755	17	narrow	narrow	ADJ
taxlaw-2830	755	18	margin	margin	NOUN
taxlaw-2830	755	19	,	,	PUNCT
taxlaw-2830	755	20	as	as	ADP
taxlaw-2830	755	21	a	a	DET
taxlaw-2830	755	22	practical	practical	ADJ
taxlaw-2830	755	23	matter	matter	NOUN
taxlaw-2830	755	24	,	,	PUNCT
taxlaw-2830	755	25	the	the	DET
taxlaw-2830	755	26	publicly	publicly	ADV
taxlaw-2830	755	27	traded	trade	VERB
taxlaw-2830	755	28	partnership	partnership	NOUN
taxlaw-2830	755	29	nevertheless	nevertheless	ADV
taxlaw-2830	755	30	might	might	AUX
taxlaw-2830	755	31	not	not	PART
taxlaw-2830	755	32	face	face	VERB
taxlaw-2830	755	33	corporate	corporate	ADJ
taxlaw-2830	755	34	tax	tax	NOUN
taxlaw-2830	755	35	treatment	treatment	NOUN
taxlaw-2830	755	36	because	because	SCONJ
taxlaw-2830	755	37	the	the	DET
taxlaw-2830	755	38	irs	irs	PROPN
taxlaw-2830	755	39	might	might	AUX
taxlaw-2830	755	40	not	not	PART
taxlaw-2830	755	41	enforce	enforce	VERB
taxlaw-2830	755	42	the	the	DET
taxlaw-2830	755	43	tax	tax	NOUN
taxlaw-2830	755	44	consequences	consequence	NOUN
taxlaw-2830	755	45	mandated	mandate	VERB
taxlaw-2830	755	46	by	by	ADP
taxlaw-2830	755	47	i.r.c	i.r.c	NOUN
taxlaw-2830	755	48	.	.	PUNCT
taxlaw-2830	756	1	§	§	PROPN
taxlaw-2830	756	2	7704	7704	NUM
taxlaw-2830	756	3	.	.	PUNCT
taxlaw-2830	757	1	for	for	ADP
taxlaw-2830	757	2	discussion	discussion	NOUN
taxlaw-2830	757	3	of	of	ADP
taxlaw-2830	757	4	the	the	DET
taxlaw-2830	757	5	irs‘s	irs‘s	NOUN
taxlaw-2830	757	6	unwillingness	unwillingness	NOUN
taxlaw-2830	757	7	to	to	PART
taxlaw-2830	757	8	enforce	enforce	VERB
taxlaw-2830	757	9	the	the	DET
taxlaw-2830	757	10	harsh	harsh	ADJ
taxlaw-2830	757	11	consequences	consequence	NOUN
taxlaw-2830	757	12	mandated	mandate	VERB
taxlaw-2830	757	13	by	by	ADP
taxlaw-2830	757	14	tax	tax	NOUN
taxlaw-2830	757	15	rules	rule	NOUN
taxlaw-2830	757	16	that	that	PRON
taxlaw-2830	757	17	cause	cause	VERB
taxlaw-2830	757	18	cliff	cliff	NOUN
taxlaw-2830	757	19	effects	effect	NOUN
taxlaw-2830	757	20	,	,	PUNCT
taxlaw-2830	757	21	see	see	VERB
taxlaw-2830	757	22	andrew	andrew	PROPN
taxlaw-2830	757	23	blair	blair	PROPN
taxlaw-2830	757	24	-	-	PUNCT
taxlaw-2830	757	25	stanek	stanek	PROPN
taxlaw-2830	757	26	,	,	PUNCT
taxlaw-2830	757	27	tax	tax	NOUN
taxlaw-2830	757	28	in	in	ADP
taxlaw-2830	757	29	the	the	DET
taxlaw-2830	757	30	cathedral	cathedral	NOUN
taxlaw-2830	757	31	:	:	PUNCT
taxlaw-2830	757	32	property	property	NOUN
taxlaw-2830	757	33	rules	rule	NOUN
taxlaw-2830	757	34	,	,	PUNCT
taxlaw-2830	757	35	liability	liability	NOUN
taxlaw-2830	757	36	rules	rule	NOUN
taxlaw-2830	757	37	,	,	PUNCT
taxlaw-2830	757	38	and	and	CCONJ
taxlaw-2830	757	39	tax	tax	NOUN
taxlaw-2830	757	40	,	,	PUNCT
taxlaw-2830	757	41	99	99	NUM
taxlaw-2830	757	42	va	va	NOUN
taxlaw-2830	757	43	.	.	PUNCT
taxlaw-2830	758	1	law	law	PROPN
taxlaw-2830	758	2	rev	rev	VERB
taxlaw-2830	758	3	.	.	PROPN
taxlaw-2830	758	4	1169	1169	NUM
taxlaw-2830	758	5	,	,	PUNCT
taxlaw-2830	758	6	1205–06	1205–06	NUM
taxlaw-2830	758	7	(	(	PUNCT
taxlaw-2830	758	8	2013	2013	NUM
taxlaw-2830	758	9	)	)	PUNCT
taxlaw-2830	758	10	.	.	PUNCT
taxlaw-2830	759	1	127	127	NUM
taxlaw-2830	759	2	for	for	ADP
taxlaw-2830	759	3	further	further	ADJ
taxlaw-2830	759	4	discussion	discussion	NOUN
taxlaw-2830	759	5	of	of	ADP
taxlaw-2830	759	6	the	the	DET
taxlaw-2830	759	7	wastefulness	wastefulness	NOUN
taxlaw-2830	759	8	of	of	ADP
taxlaw-2830	759	9	tax	tax	NOUN
taxlaw-2830	759	10	planning	planning	NOUN
taxlaw-2830	759	11	,	,	PUNCT
taxlaw-2830	759	12	see	see	VERB
taxlaw-2830	759	13	,	,	PUNCT
taxlaw-2830	759	14	e.g.	e.g.	ADV
taxlaw-2830	759	15	,	,	PUNCT
taxlaw-2830	759	16	david	david	PROPN
taxlaw-2830	759	17	a.	a.	PROPN
taxlaw-2830	759	18	weisbach	weisbach	PROPN
taxlaw-2830	759	19	,	,	PUNCT
taxlaw-2830	759	20	ten	ten	NUM
taxlaw-2830	759	21	truths	truth	NOUN
taxlaw-2830	759	22	about	about	ADP
taxlaw-2830	759	23	tax	tax	NOUN
taxlaw-2830	759	24	shelters	shelter	NOUN
taxlaw-2830	759	25	,	,	PUNCT
taxlaw-2830	759	26	55	55	NUM
taxlaw-2830	759	27	tax	tax	NOUN
taxlaw-2830	759	28	l.	l.	PROPN
taxlaw-2830	759	29	rev	rev	PROPN
taxlaw-2830	759	30	.	.	PROPN
taxlaw-2830	759	31	215	215	NUM
taxlaw-2830	759	32	,	,	PUNCT
taxlaw-2830	759	33	222	222	NUM
taxlaw-2830	759	34	-	-	SYM
taxlaw-2830	759	35	25	25	NUM
taxlaw-2830	759	36	(	(	PUNCT
taxlaw-2830	759	37	2002	2002	NUM
taxlaw-2830	759	38	)	)	PUNCT
taxlaw-2830	759	39	.	.	PUNCT
taxlaw-2830	760	1	for	for	ADP
taxlaw-2830	760	2	discussion	discussion	NOUN
taxlaw-2830	760	3	of	of	ADP
taxlaw-2830	760	4	this	this	DET
taxlaw-2830	760	5	concern	concern	NOUN
taxlaw-2830	760	6	in	in	ADP
taxlaw-2830	760	7	the	the	DET
taxlaw-2830	760	8	context	context	NOUN
taxlaw-2830	760	9	of	of	ADP
taxlaw-2830	760	10	the	the	DET
taxlaw-2830	760	11	tax	tax	NOUN
taxlaw-2830	760	12	structuring	structuring	NOUN
taxlaw-2830	760	13	utilized	utilize	VERB
taxlaw-2830	760	14	by	by	ADP
taxlaw-2830	760	15	publicly	publicly	ADV
taxlaw-2830	760	16	traded	trade	VERB
taxlaw-2830	760	17	partnerships	partnership	NOUN
taxlaw-2830	760	18	to	to	PART
taxlaw-2830	760	19	channel	channel	VERB
taxlaw-2830	760	20	their	their	PRON
taxlaw-2830	760	21	non	non	ADJ
taxlaw-2830	760	22	-	-	ADJ
taxlaw-2830	760	23	qualifying	qualifying	ADJ
taxlaw-2830	760	24	income	income	NOUN
taxlaw-2830	760	25	through	through	ADP
taxlaw-2830	760	26	2015	2015	NUM
taxlaw-2830	760	27	]	]	PUNCT
taxlaw-2830	760	28	taxing	tax	VERB
taxlaw-2830	760	29	publicly	publicly	ADV
taxlaw-2830	760	30	traded	trade	VERB
taxlaw-2830	760	31	entities	entity	NOUN
taxlaw-2830	760	32	173	173	NUM
taxlaw-2830	760	33	variety	variety	NOUN
taxlaw-2830	760	34	of	of	ADP
taxlaw-2830	760	35	reasons	reason	NOUN
taxlaw-2830	760	36	.	.	PUNCT
taxlaw-2830	761	1	for	for	ADP
taxlaw-2830	761	2	instance	instance	NOUN
taxlaw-2830	761	3	,	,	PUNCT
taxlaw-2830	761	4	there	there	PRON
taxlaw-2830	761	5	may	may	AUX
taxlaw-2830	761	6	be	be	AUX
taxlaw-2830	761	7	cases	case	NOUN
taxlaw-2830	761	8	in	in	ADP
taxlaw-2830	761	9	which	which	PRON
taxlaw-2830	761	10	a	a	DET
taxlaw-2830	761	11	publicly	publicly	ADV
taxlaw-2830	761	12	traded	trade	VERB
taxlaw-2830	761	13	entity	entity	NOUN
taxlaw-2830	761	14	could	could	AUX
taxlaw-2830	761	15	function	function	VERB
taxlaw-2830	761	16	more	more	ADV
taxlaw-2830	761	17	efficiently	efficiently	ADV
taxlaw-2830	761	18	if	if	SCONJ
taxlaw-2830	761	19	one	one	NUM
taxlaw-2830	761	20	entity	entity	NOUN
taxlaw-2830	761	21	handled	handle	VERB
taxlaw-2830	761	22	both	both	DET
taxlaw-2830	761	23	the	the	DET
taxlaw-2830	761	24	operations	operation	NOUN
taxlaw-2830	761	25	that	that	PRON
taxlaw-2830	761	26	generate	generate	VERB
taxlaw-2830	761	27	qualifying	qualify	VERB
taxlaw-2830	761	28	income	income	NOUN
taxlaw-2830	761	29	and	and	CCONJ
taxlaw-2830	761	30	those	those	PRON
taxlaw-2830	761	31	that	that	PRON
taxlaw-2830	761	32	generate	generate	VERB
taxlaw-2830	761	33	non	non	ADJ
taxlaw-2830	761	34	-	-	ADJ
taxlaw-2830	761	35	qualifying	qualifying	ADJ
taxlaw-2830	761	36	income	income	NOUN
taxlaw-2830	761	37	.	.	PUNCT
taxlaw-2830	762	1	in	in	ADP
taxlaw-2830	762	2	order	order	NOUN
taxlaw-2830	762	3	to	to	PART
taxlaw-2830	762	4	achieve	achieve	VERB
taxlaw-2830	762	5	favorable	favorable	ADJ
taxlaw-2830	762	6	tax	tax	NOUN
taxlaw-2830	762	7	consequences	consequence	NOUN
taxlaw-2830	762	8	,	,	PUNCT
taxlaw-2830	762	9	however	however	ADV
taxlaw-2830	762	10	,	,	PUNCT
taxlaw-2830	762	11	the	the	DET
taxlaw-2830	762	12	entity	entity	NOUN
taxlaw-2830	762	13	must	must	AUX
taxlaw-2830	762	14	sacrifice	sacrifice	VERB
taxlaw-2830	762	15	some	some	DET
taxlaw-2830	762	16	operational	operational	ADJ
taxlaw-2830	762	17	efficiency	efficiency	NOUN
taxlaw-2830	762	18	to	to	PART
taxlaw-2830	762	19	ensure	ensure	VERB
taxlaw-2830	762	20	that	that	SCONJ
taxlaw-2830	762	21	the	the	DET
taxlaw-2830	762	22	non	non	ADJ
taxlaw-2830	762	23	-	-	ADJ
taxlaw-2830	762	24	qualifying	qualifying	ADJ
taxlaw-2830	762	25	income	income	NOUN
taxlaw-2830	762	26	is	be	AUX
taxlaw-2830	762	27	earned	earn	VERB
taxlaw-2830	762	28	by	by	ADP
taxlaw-2830	762	29	a	a	DET
taxlaw-2830	762	30	subsidiary	subsidiary	ADJ
taxlaw-2830	762	31	corporation	corporation	NOUN
taxlaw-2830	762	32	or	or	CCONJ
taxlaw-2830	762	33	an	an	DET
taxlaw-2830	762	34	unrelated	unrelated	ADJ
taxlaw-2830	762	35	corporation	corporation	NOUN
taxlaw-2830	762	36	.	.	PUNCT
taxlaw-2830	763	1	c.	c.	PROPN
taxlaw-2830	763	2	manipulability	manipulability	PROPN
taxlaw-2830	763	3	under	under	ADP
taxlaw-2830	763	4	current	current	ADJ
taxlaw-2830	763	5	law	law	NOUN
taxlaw-2830	763	6	,	,	PUNCT
taxlaw-2830	763	7	the	the	DET
taxlaw-2830	763	8	tax	tax	NOUN
taxlaw-2830	763	9	treatment	treatment	NOUN
taxlaw-2830	763	10	of	of	ADP
taxlaw-2830	763	11	a	a	DET
taxlaw-2830	763	12	publicly	publicly	ADV
taxlaw-2830	763	13	traded	trade	VERB
taxlaw-2830	763	14	entity	entity	NOUN
taxlaw-2830	763	15	depends	depend	VERB
taxlaw-2830	763	16	critically	critically	ADV
taxlaw-2830	763	17	on	on	ADP
taxlaw-2830	763	18	whether	whether	SCONJ
taxlaw-2830	763	19	the	the	DET
taxlaw-2830	763	20	entity	entity	NOUN
taxlaw-2830	763	21	earns	earn	VERB
taxlaw-2830	763	22	predominately	predominately	ADV
taxlaw-2830	763	23	qualifying	qualify	VERB
taxlaw-2830	763	24	income	income	NOUN
taxlaw-2830	763	25	.	.	PUNCT
taxlaw-2830	764	1	if	if	SCONJ
taxlaw-2830	764	2	the	the	DET
taxlaw-2830	764	3	entity	entity	NOUN
taxlaw-2830	764	4	is	be	AUX
taxlaw-2830	764	5	willing	willing	ADJ
taxlaw-2830	764	6	to	to	PART
taxlaw-2830	764	7	engage	engage	VERB
taxlaw-2830	764	8	in	in	ADP
taxlaw-2830	764	9	elaborate	elaborate	ADJ
taxlaw-2830	764	10	tax	tax	NOUN
taxlaw-2830	764	11	structuring	structuring	NOUN
taxlaw-2830	764	12	,	,	PUNCT
taxlaw-2830	764	13	the	the	DET
taxlaw-2830	764	14	amounts	amount	NOUN
taxlaw-2830	764	15	of	of	ADP
taxlaw-2830	764	16	qualifying	qualifying	NOUN
taxlaw-2830	764	17	and	and	CCONJ
taxlaw-2830	764	18	non	non	ADJ
taxlaw-2830	764	19	-	-	ADJ
taxlaw-2830	764	20	qualifying	qualifying	ADJ
taxlaw-2830	764	21	income	income	NOUN
taxlaw-2830	764	22	earned	earn	VERB
taxlaw-2830	764	23	by	by	ADP
taxlaw-2830	764	24	the	the	DET
taxlaw-2830	764	25	entity	entity	NOUN
taxlaw-2830	764	26	are	be	AUX
taxlaw-2830	764	27	often	often	ADV
taxlaw-2830	764	28	within	within	ADP
taxlaw-2830	764	29	its	its	PRON
taxlaw-2830	764	30	control	control	NOUN
taxlaw-2830	764	31	because	because	SCONJ
taxlaw-2830	764	32	the	the	DET
taxlaw-2830	764	33	entity	entity	NOUN
taxlaw-2830	764	34	can	can	AUX
taxlaw-2830	764	35	convert	convert	VERB
taxlaw-2830	764	36	nonqualifying	nonqualifye	VERB
taxlaw-2830	764	37	income	income	NOUN
taxlaw-2830	764	38	into	into	ADP
taxlaw-2830	764	39	qualifying	qualify	VERB
taxlaw-2830	764	40	income	income	NOUN
taxlaw-2830	764	41	by	by	ADP
taxlaw-2830	764	42	earning	earn	VERB
taxlaw-2830	764	43	the	the	DET
taxlaw-2830	764	44	income	income	NOUN
taxlaw-2830	764	45	through	through	ADP
taxlaw-2830	764	46	a	a	DET
taxlaw-2830	764	47	subsidiary	subsidiary	ADJ
taxlaw-2830	764	48	corporation	corporation	NOUN
taxlaw-2830	764	49	,	,	PUNCT
taxlaw-2830	764	50	or	or	CCONJ
taxlaw-2830	764	51	the	the	DET
taxlaw-2830	764	52	non	non	ADJ
taxlaw-2830	764	53	-	-	ADJ
taxlaw-2830	764	54	qualifying	qualify	VERB
taxlaw-2830	764	55	income	income	NOUN
taxlaw-2830	764	56	could	could	AUX
taxlaw-2830	764	57	be	be	AUX
taxlaw-2830	764	58	earned	earn	VERB
taxlaw-2830	764	59	by	by	ADP
taxlaw-2830	764	60	an	an	DET
taxlaw-2830	764	61	unrelated	unrelated	ADJ
taxlaw-2830	764	62	corporation	corporation	NOUN
taxlaw-2830	764	63	.	.	PUNCT
taxlaw-2830	765	1	thus	thus	ADV
taxlaw-2830	765	2	,	,	PUNCT
taxlaw-2830	765	3	the	the	DET
taxlaw-2830	765	4	current	current	ADJ
taxlaw-2830	765	5	test	test	NOUN
taxlaw-2830	765	6	is	be	AUX
taxlaw-2830	765	7	easy	easy	ADJ
taxlaw-2830	765	8	to	to	PART
taxlaw-2830	765	9	manipulate	manipulate	VERB
taxlaw-2830	765	10	as	as	ADV
taxlaw-2830	765	11	long	long	ADV
taxlaw-2830	765	12	as	as	SCONJ
taxlaw-2830	765	13	the	the	DET
taxlaw-2830	765	14	entity	entity	NOUN
taxlaw-2830	765	15	engages	engage	VERB
taxlaw-2830	765	16	in	in	ADP
taxlaw-2830	765	17	tax	tax	NOUN
taxlaw-2830	765	18	structuring	structuring	NOUN
taxlaw-2830	765	19	.	.	PUNCT
taxlaw-2830	766	1	128	128	NUM
taxlaw-2830	766	2	the	the	DET
taxlaw-2830	766	3	arbitrariness	arbitrariness	NOUN
taxlaw-2830	766	4	and	and	CCONJ
taxlaw-2830	766	5	manipulability	manipulability	NOUN
taxlaw-2830	766	6	of	of	ADP
taxlaw-2830	766	7	the	the	DET
taxlaw-2830	766	8	current	current	ADJ
taxlaw-2830	766	9	rules	rule	NOUN
taxlaw-2830	766	10	work	work	VERB
taxlaw-2830	766	11	hand	hand	NOUN
taxlaw-2830	766	12	in	in	ADP
taxlaw-2830	766	13	hand	hand	NOUN
taxlaw-2830	766	14	to	to	PART
taxlaw-2830	766	15	encourage	encourage	VERB
taxlaw-2830	766	16	elaborate	elaborate	ADJ
taxlaw-2830	766	17	,	,	PUNCT
taxlaw-2830	766	18	potentially	potentially	ADV
taxlaw-2830	766	19	costly	costly	ADJ
taxlaw-2830	766	20	tax	tax	NOUN
taxlaw-2830	766	21	structuring	structuring	NOUN
taxlaw-2830	766	22	.	.	PUNCT
taxlaw-2830	767	1	the	the	DET
taxlaw-2830	767	2	arbitrariness	arbitrariness	NOUN
taxlaw-2830	767	3	of	of	ADP
taxlaw-2830	767	4	the	the	DET
taxlaw-2830	767	5	rules	rule	NOUN
taxlaw-2830	767	6	provides	provide	VERB
taxlaw-2830	767	7	the	the	DET
taxlaw-2830	767	8	incentive	incentive	NOUN
taxlaw-2830	767	9	for	for	ADP
taxlaw-2830	767	10	the	the	DET
taxlaw-2830	767	11	tax	tax	NOUN
taxlaw-2830	767	12	structuring	structuring	NOUN
taxlaw-2830	767	13	,	,	PUNCT
taxlaw-2830	767	14	and	and	CCONJ
taxlaw-2830	767	15	the	the	DET
taxlaw-2830	767	16	manipulability	manipulability	NOUN
taxlaw-2830	767	17	of	of	ADP
taxlaw-2830	767	18	the	the	DET
taxlaw-2830	767	19	rules	rule	NOUN
taxlaw-2830	767	20	enables	enable	VERB
taxlaw-2830	767	21	it	it	PRON
taxlaw-2830	767	22	.	.	PUNCT
taxlaw-2830	768	1	v.	v.	ADP
taxlaw-2830	768	2	proposed	propose	VERB
taxlaw-2830	768	3	reforms	reform	NOUN
taxlaw-2830	768	4	as	as	SCONJ
taxlaw-2830	768	5	discussed	discuss	VERB
taxlaw-2830	768	6	above	above	ADV
taxlaw-2830	768	7	,	,	PUNCT
taxlaw-2830	768	8	only	only	ADV
taxlaw-2830	768	9	one	one	NUM
taxlaw-2830	768	10	potentially	potentially	ADV
taxlaw-2830	768	11	convincing	convincing	ADJ
taxlaw-2830	768	12	justification	justification	NOUN
taxlaw-2830	768	13	explains	explain	VERB
taxlaw-2830	768	14	why	why	SCONJ
taxlaw-2830	768	15	more	more	ADV
taxlaw-2830	768	16	favorable	favorable	ADJ
taxlaw-2830	768	17	tax	tax	NOUN
taxlaw-2830	768	18	treatment	treatment	NOUN
taxlaw-2830	768	19	is	be	AUX
taxlaw-2830	768	20	bestowed	bestow	VERB
taxlaw-2830	768	21	upon	upon	SCONJ
taxlaw-2830	768	22	publicly	publicly	ADV
taxlaw-2830	768	23	traded	trade	VERB
taxlaw-2830	768	24	entities	entity	NOUN
taxlaw-2830	768	25	that	that	PRON
taxlaw-2830	768	26	earn	earn	AUX
taxlaw-2830	768	27	predominately	predominately	ADV
taxlaw-2830	768	28	qualifying	qualify	VERB
taxlaw-2830	768	29	income	income	NOUN
taxlaw-2830	768	30	-namely	-namely	ADV
taxlaw-2830	768	31	,	,	PUNCT
taxlaw-2830	768	32	the	the	DET
taxlaw-2830	768	33	notion	notion	NOUN
taxlaw-2830	768	34	that	that	SCONJ
taxlaw-2830	768	35	corporate	corporate	ADJ
taxlaw-2830	768	36	-	-	PUNCT
taxlaw-2830	768	37	level	level	NOUN
taxlaw-2830	768	38	tax	tax	NOUN
taxlaw-2830	768	39	should	should	AUX
taxlaw-2830	768	40	not	not	PART
taxlaw-2830	768	41	be	be	AUX
taxlaw-2830	768	42	imposed	impose	VERB
taxlaw-2830	768	43	on	on	ADP
taxlaw-2830	768	44	income	income	NOUN
taxlaw-2830	768	45	that	that	SCONJ
taxlaw-2830	768	46	owners	owner	NOUN
taxlaw-2830	768	47	of	of	ADP
taxlaw-2830	768	48	the	the	DET
taxlaw-2830	768	49	publicly	publicly	ADV
taxlaw-2830	768	50	traded	trade	VERB
taxlaw-2830	768	51	entity	entity	NOUN
taxlaw-2830	768	52	could	could	AUX
taxlaw-2830	768	53	earn	earn	VERB
taxlaw-2830	768	54	directly	directly	ADV
taxlaw-2830	768	55	.	.	PUNCT
taxlaw-2830	769	1	given	give	VERB
taxlaw-2830	769	2	this	this	DET
taxlaw-2830	769	3	justification	justification	NOUN
taxlaw-2830	769	4	,	,	PUNCT
taxlaw-2830	769	5	the	the	DET
taxlaw-2830	769	6	current	current	ADJ
taxlaw-2830	769	7	definition	definition	NOUN
taxlaw-2830	769	8	of	of	ADP
taxlaw-2830	769	9	qualifying	qualify	VERB
taxlaw-2830	769	10	income	income	NOUN
taxlaw-2830	769	11	is	be	AUX
taxlaw-2830	769	12	far	far	ADV
taxlaw-2830	769	13	too	too	ADV
taxlaw-2830	769	14	broad	broad	ADJ
taxlaw-2830	769	15	-it	-it	NOUN
taxlaw-2830	769	16	includes	include	VERB
taxlaw-2830	769	17	much	much	ADJ
taxlaw-2830	769	18	income	income	NOUN
taxlaw-2830	769	19	that	that	SCONJ
taxlaw-2830	769	20	owners	owner	NOUN
taxlaw-2830	769	21	of	of	ADP
taxlaw-2830	769	22	a	a	DET
taxlaw-2830	769	23	publicly	publicly	ADV
taxlaw-2830	769	24	traded	trade	VERB
taxlaw-2830	769	25	entity	entity	NOUN
taxlaw-2830	769	26	could	could	AUX
taxlaw-2830	769	27	not	not	PART
taxlaw-2830	769	28	earn	earn	VERB
taxlaw-2830	769	29	directly	directly	ADV
taxlaw-2830	769	30	.	.	PUNCT
taxlaw-2830	770	1	therefore	therefore	ADV
taxlaw-2830	770	2	,	,	PUNCT
taxlaw-2830	770	3	congress	congress	PROPN
taxlaw-2830	770	4	should	should	AUX
taxlaw-2830	770	5	amend	amend	VERB
taxlaw-2830	770	6	the	the	DET
taxlaw-2830	770	7	definition	definition	NOUN
taxlaw-2830	770	8	of	of	ADP
taxlaw-2830	770	9	―qualifying	―qualifye	VERB
taxlaw-2830	770	10	income‖	income‖	X
taxlaw-2830	770	11	to	to	PART
taxlaw-2830	770	12	provide	provide	VERB
taxlaw-2830	770	13	that	that	DET
taxlaw-2830	770	14	income	income	NOUN
taxlaw-2830	770	15	that	that	PRON
taxlaw-2830	770	16	would	would	AUX
taxlaw-2830	770	17	otherwise	otherwise	ADV
taxlaw-2830	770	18	be	be	AUX
taxlaw-2830	770	19	classified	classify	VERB
taxlaw-2830	770	20	as	as	ADP
taxlaw-2830	770	21	qualifying	qualify	VERB
taxlaw-2830	770	22	is	be	AUX
taxlaw-2830	770	23	no	no	ADV
taxlaw-2830	770	24	longer	long	ADV
taxlaw-2830	770	25	classified	classify	VERB
taxlaw-2830	770	26	in	in	ADP
taxlaw-2830	770	27	that	that	DET
taxlaw-2830	770	28	manner	manner	NOUN
taxlaw-2830	770	29	unless	unless	SCONJ
taxlaw-2830	770	30	it	it	PRON
taxlaw-2830	770	31	is	be	AUX
taxlaw-2830	770	32	earned	earn	VERB
taxlaw-2830	770	33	by	by	ADP
taxlaw-2830	770	34	holding	hold	VERB
taxlaw-2830	770	35	an	an	DET
taxlaw-2830	770	36	asset	asset	NOUN
taxlaw-2830	770	37	that	that	PRON
taxlaw-2830	770	38	was	be	AUX
taxlaw-2830	770	39	publicly	publicly	ADV
taxlaw-2830	770	40	traded	trade	VERB
taxlaw-2830	770	41	during	during	ADP
taxlaw-2830	770	42	the	the	DET
taxlaw-2830	770	43	publicly	publicly	ADV
taxlaw-2830	770	44	traded	trade	VERB
taxlaw-2830	770	45	entity‘s	entity‘s	NOUN
taxlaw-2830	770	46	entire	entire	ADJ
taxlaw-2830	770	47	holding	hold	VERB
taxlaw-2830	770	48	period	period	NOUN
taxlaw-2830	770	49	for	for	ADP
taxlaw-2830	770	50	the	the	DET
taxlaw-2830	770	51	asset	asset	NOUN
taxlaw-2830	770	52	.	.	PUNCT
taxlaw-2830	771	1	129	129	NUM
taxlaw-2830	771	2	furthermore	furthermore	ADV
taxlaw-2830	771	3	,	,	PUNCT
taxlaw-2830	771	4	corporate	corporate	ADJ
taxlaw-2830	771	5	subsidiaries	subsidiary	NOUN
taxlaw-2830	771	6	,	,	PUNCT
taxlaw-2830	771	7	see	see	VERB
taxlaw-2830	771	8	,	,	PUNCT
taxlaw-2830	771	9	e.g.	e.g.	ADV
taxlaw-2830	771	10	,	,	PUNCT
taxlaw-2830	771	11	bradley	bradley	PROPN
taxlaw-2830	771	12	t.	t.	PROPN
taxlaw-2830	771	13	borden	borden	PROPN
taxlaw-2830	771	14	,	,	PUNCT
taxlaw-2830	771	15	notable	notable	ADJ
taxlaw-2830	771	16	partnership	partnership	NOUN
taxlaw-2830	771	17	articles	article	NOUN
taxlaw-2830	771	18	from	from	ADP
taxlaw-2830	771	19	2013	2013	NUM
taxlaw-2830	771	20	,	,	PUNCT
taxlaw-2830	771	21	143	143	PRON
taxlaw-2830	771	22	tax	tax	NOUN
taxlaw-2830	771	23	notes	note	NOUN
taxlaw-2830	771	24	1513	1513	NUM
taxlaw-2830	771	25	(	(	PUNCT
taxlaw-2830	771	26	2014	2014	NUM
taxlaw-2830	771	27	)	)	PUNCT
taxlaw-2830	771	28	(	(	PUNCT
taxlaw-2830	771	29	―others	―other	NOUN
taxlaw-2830	771	30	might	might	AUX
taxlaw-2830	771	31	be	be	AUX
taxlaw-2830	771	32	troubled	trouble	VERB
taxlaw-2830	771	33	by	by	ADP
taxlaw-2830	771	34	the	the	DET
taxlaw-2830	771	35	structure	structure	NOUN
taxlaw-2830	771	36	because	because	SCONJ
taxlaw-2830	771	37	tax	tax	NOUN
taxlaw-2830	771	38	law	law	NOUN
taxlaw-2830	771	39	appears	appear	VERB
taxlaw-2830	771	40	to	to	PART
taxlaw-2830	771	41	require	require	VERB
taxlaw-2830	771	42	a	a	DET
taxlaw-2830	771	43	partnership	partnership	NOUN
taxlaw-2830	771	44	to	to	PART
taxlaw-2830	771	45	create	create	VERB
taxlaw-2830	771	46	a	a	DET
taxlaw-2830	771	47	complicated	complicated	ADJ
taxlaw-2830	771	48	ownership	ownership	NOUN
taxlaw-2830	771	49	structure	structure	NOUN
taxlaw-2830	771	50	and	and	CCONJ
taxlaw-2830	771	51	jump	jump	VERB
taxlaw-2830	771	52	through	through	ADP
taxlaw-2830	771	53	several	several	ADJ
taxlaw-2830	771	54	unnecessary	unnecessary	ADJ
taxlaw-2830	771	55	and	and	CCONJ
taxlaw-2830	771	56	inefficient	inefficient	ADJ
taxlaw-2830	771	57	hoops	hoop	NOUN
taxlaw-2830	771	58	to	to	PART
taxlaw-2830	771	59	obtain	obtain	VERB
taxlaw-2830	771	60	tax	tax	NOUN
taxlaw-2830	771	61	treatment	treatment	NOUN
taxlaw-2830	771	62	that	that	PRON
taxlaw-2830	771	63	the	the	DET
taxlaw-2830	771	64	law	law	NOUN
taxlaw-2830	771	65	seems	seem	VERB
taxlaw-2830	771	66	to	to	PART
taxlaw-2830	771	67	condone.‖	condone.‖	VERB
taxlaw-2830	771	68	)	)	PUNCT
taxlaw-2830	771	69	.	.	PUNCT
taxlaw-2830	772	1	128	128	NUM
taxlaw-2830	772	2	this	this	PRON
taxlaw-2830	772	3	is	be	AUX
taxlaw-2830	772	4	not	not	PART
taxlaw-2830	772	5	,	,	PUNCT
taxlaw-2830	772	6	of	of	ADP
taxlaw-2830	772	7	course	course	NOUN
taxlaw-2830	772	8	,	,	PUNCT
taxlaw-2830	772	9	the	the	DET
taxlaw-2830	772	10	only	only	ADJ
taxlaw-2830	772	11	context	context	NOUN
taxlaw-2830	772	12	in	in	ADP
taxlaw-2830	772	13	which	which	PRON
taxlaw-2830	772	14	taxpayers	taxpayer	NOUN
taxlaw-2830	772	15	utilize	utilize	VERB
taxlaw-2830	772	16	tax	tax	NOUN
taxlaw-2830	772	17	structuring	structuring	NOUN
taxlaw-2830	772	18	.	.	PUNCT
taxlaw-2830	773	1	even	even	ADV
taxlaw-2830	773	2	some	some	PRON
taxlaw-2830	773	3	of	of	ADP
taxlaw-2830	773	4	the	the	DET
taxlaw-2830	773	5	techniques	technique	NOUN
taxlaw-2830	773	6	used	use	VERB
taxlaw-2830	773	7	by	by	ADP
taxlaw-2830	773	8	publicly	publicly	ADV
taxlaw-2830	773	9	traded	trade	VERB
taxlaw-2830	773	10	partnerships	partnership	NOUN
taxlaw-2830	773	11	and	and	CCONJ
taxlaw-2830	773	12	reits	reit	NOUN
taxlaw-2830	773	13	are	be	AUX
taxlaw-2830	773	14	similar	similar	ADJ
taxlaw-2830	773	15	to	to	ADP
taxlaw-2830	773	16	techniques	technique	NOUN
taxlaw-2830	773	17	used	use	VERB
taxlaw-2830	773	18	in	in	ADP
taxlaw-2830	773	19	other	other	ADJ
taxlaw-2830	773	20	contexts	contexts	NOUN
taxlaw-2830	773	21	.	.	PUNCT
taxlaw-2830	774	1	for	for	ADP
taxlaw-2830	774	2	instance	instance	NOUN
taxlaw-2830	774	3	,	,	PUNCT
taxlaw-2830	774	4	just	just	ADV
taxlaw-2830	774	5	as	as	SCONJ
taxlaw-2830	774	6	a	a	DET
taxlaw-2830	774	7	publicly	publicly	ADV
taxlaw-2830	774	8	traded	trade	VERB
taxlaw-2830	774	9	partnership	partnership	NOUN
taxlaw-2830	774	10	might	might	AUX
taxlaw-2830	774	11	earn	earn	VERB
taxlaw-2830	774	12	non	non	ADJ
taxlaw-2830	774	13	-	-	ADJ
taxlaw-2830	774	14	qualifying	qualifying	ADJ
taxlaw-2830	774	15	income	income	NOUN
taxlaw-2830	774	16	through	through	ADP
taxlaw-2830	774	17	a	a	DET
taxlaw-2830	774	18	u.s	u.s	PROPN
taxlaw-2830	774	19	.	.	PROPN
taxlaw-2830	774	20	corporate	corporate	ADJ
taxlaw-2830	774	21	subsidiary	subsidiary	NOUN
taxlaw-2830	774	22	to	to	PART
taxlaw-2830	774	23	convert	convert	VERB
taxlaw-2830	774	24	the	the	DET
taxlaw-2830	774	25	non	non	ADJ
taxlaw-2830	774	26	-	-	ADJ
taxlaw-2830	774	27	qualifying	qualifying	ADJ
taxlaw-2830	774	28	income	income	NOUN
taxlaw-2830	774	29	into	into	ADP
taxlaw-2830	774	30	qualifying	qualify	VERB
taxlaw-2830	774	31	income	income	NOUN
taxlaw-2830	774	32	,	,	PUNCT
taxlaw-2830	774	33	a	a	DET
taxlaw-2830	774	34	tax	tax	NOUN
taxlaw-2830	774	35	-	-	PUNCT
taxlaw-2830	774	36	exempt	exempt	ADJ
taxlaw-2830	774	37	organization	organization	NOUN
taxlaw-2830	774	38	might	might	AUX
taxlaw-2830	774	39	earn	earn	VERB
taxlaw-2830	774	40	income	income	NOUN
taxlaw-2830	774	41	that	that	PRON
taxlaw-2830	774	42	would	would	AUX
taxlaw-2830	774	43	otherwise	otherwise	ADV
taxlaw-2830	774	44	be	be	AUX
taxlaw-2830	774	45	unrelated	unrelated	ADJ
taxlaw-2830	774	46	business	business	NOUN
taxlaw-2830	774	47	taxable	taxable	ADJ
taxlaw-2830	774	48	income	income	NOUN
taxlaw-2830	774	49	through	through	ADP
taxlaw-2830	774	50	a	a	DET
taxlaw-2830	774	51	blocker	blocker	NOUN
taxlaw-2830	774	52	corporation	corporation	NOUN
taxlaw-2830	774	53	to	to	PART
taxlaw-2830	774	54	convert	convert	VERB
taxlaw-2830	774	55	the	the	DET
taxlaw-2830	774	56	income	income	NOUN
taxlaw-2830	774	57	into	into	ADP
taxlaw-2830	774	58	capital	capital	NOUN
taxlaw-2830	774	59	gain	gain	NOUN
taxlaw-2830	774	60	income	income	NOUN
taxlaw-2830	774	61	or	or	CCONJ
taxlaw-2830	774	62	dividend	dividend	NOUN
taxlaw-2830	774	63	income	income	NOUN
taxlaw-2830	774	64	.	.	PUNCT
taxlaw-2830	775	1	however	however	ADV
taxlaw-2830	775	2	,	,	PUNCT
taxlaw-2830	775	3	at	at	ADP
taxlaw-2830	775	4	least	least	ADJ
taxlaw-2830	775	5	in	in	ADP
taxlaw-2830	775	6	the	the	DET
taxlaw-2830	775	7	tax	tax	NOUN
taxlaw-2830	775	8	-	-	PUNCT
taxlaw-2830	775	9	exempt	exempt	ADJ
taxlaw-2830	775	10	context	context	NOUN
taxlaw-2830	775	11	,	,	PUNCT
taxlaw-2830	775	12	rules	rule	NOUN
taxlaw-2830	775	13	exist	exist	VERB
taxlaw-2830	775	14	that	that	PRON
taxlaw-2830	775	15	limit	limit	VERB
taxlaw-2830	775	16	the	the	DET
taxlaw-2830	775	17	ability	ability	NOUN
taxlaw-2830	775	18	for	for	ADP
taxlaw-2830	775	19	the	the	DET
taxlaw-2830	775	20	tax	tax	NOUN
taxlaw-2830	775	21	-	-	PUNCT
taxlaw-2830	775	22	exempt	exempt	ADJ
taxlaw-2830	775	23	organization	organization	NOUN
taxlaw-2830	775	24	to	to	PART
taxlaw-2830	775	25	loan	loan	VERB
taxlaw-2830	775	26	funds	fund	NOUN
taxlaw-2830	775	27	to	to	ADP
taxlaw-2830	775	28	the	the	DET
taxlaw-2830	775	29	subsidiary	subsidiary	NOUN
taxlaw-2830	775	30	,	,	PUNCT
taxlaw-2830	775	31	charge	charge	VERB
taxlaw-2830	775	32	the	the	DET
taxlaw-2830	775	33	subsidiary	subsidiary	NOUN
taxlaw-2830	775	34	interest	interest	NOUN
taxlaw-2830	775	35	that	that	PRON
taxlaw-2830	775	36	reduces	reduce	VERB
taxlaw-2830	775	37	the	the	DET
taxlaw-2830	775	38	subsidiary‘s	subsidiary‘s	ADJ
taxlaw-2830	775	39	corporate	corporate	ADJ
taxlaw-2830	775	40	tax	tax	NOUN
taxlaw-2830	775	41	liability	liability	NOUN
taxlaw-2830	775	42	,	,	PUNCT
taxlaw-2830	775	43	and	and	CCONJ
taxlaw-2830	775	44	earn	earn	VERB
taxlaw-2830	775	45	interest	interest	NOUN
taxlaw-2830	775	46	income	income	NOUN
taxlaw-2830	775	47	that	that	PRON
taxlaw-2830	775	48	the	the	DET
taxlaw-2830	775	49	tax	tax	NOUN
taxlaw-2830	775	50	-	-	PUNCT
taxlaw-2830	775	51	exempt	exempt	ADJ
taxlaw-2830	775	52	organization	organization	NOUN
taxlaw-2830	775	53	claims	claim	NOUN
taxlaw-2830	775	54	is	be	AUX
taxlaw-2830	775	55	not	not	PART
taxlaw-2830	775	56	unrelated	unrelated	ADJ
taxlaw-2830	775	57	business	business	NOUN
taxlaw-2830	775	58	taxable	taxable	ADJ
taxlaw-2830	775	59	income	income	NOUN
taxlaw-2830	775	60	.	.	PUNCT
taxlaw-2830	776	1	in	in	ADP
taxlaw-2830	776	2	particular	particular	ADJ
taxlaw-2830	776	3	,	,	PUNCT
taxlaw-2830	776	4	if	if	SCONJ
taxlaw-2830	776	5	a	a	DET
taxlaw-2830	776	6	taxexempt	taxexempt	ADJ
taxlaw-2830	776	7	organization	organization	NOUN
taxlaw-2830	776	8	receives	receive	VERB
taxlaw-2830	776	9	a	a	DET
taxlaw-2830	776	10	specified	specified	ADJ
taxlaw-2830	776	11	payment	payment	NOUN
taxlaw-2830	776	12	(	(	PUNCT
taxlaw-2830	776	13	defined	define	VERB
taxlaw-2830	776	14	to	to	PART
taxlaw-2830	776	15	include	include	VERB
taxlaw-2830	776	16	any	any	DET
taxlaw-2830	776	17	interest	interest	NOUN
taxlaw-2830	776	18	,	,	PUNCT
taxlaw-2830	776	19	annuity	annuity	NOUN
taxlaw-2830	776	20	,	,	PUNCT
taxlaw-2830	776	21	royalty	royalty	NOUN
taxlaw-2830	776	22	,	,	PUNCT
taxlaw-2830	776	23	or	or	CCONJ
taxlaw-2830	776	24	rent	rent	NOUN
taxlaw-2830	776	25	)	)	PUNCT
taxlaw-2830	776	26	from	from	ADP
taxlaw-2830	776	27	a	a	DET
taxlaw-2830	776	28	controlled	control	VERB
taxlaw-2830	776	29	entity	entity	NOUN
taxlaw-2830	776	30	,	,	PUNCT
taxlaw-2830	776	31	the	the	DET
taxlaw-2830	776	32	tax	tax	NOUN
taxlaw-2830	776	33	-	-	PUNCT
taxlaw-2830	776	34	exempt	exempt	ADJ
taxlaw-2830	776	35	organization	organization	NOUN
taxlaw-2830	776	36	must	must	AUX
taxlaw-2830	776	37	treat	treat	VERB
taxlaw-2830	776	38	the	the	DET
taxlaw-2830	776	39	payment	payment	NOUN
taxlaw-2830	776	40	as	as	ADP
taxlaw-2830	776	41	unrelated	unrelated	ADJ
taxlaw-2830	776	42	business	business	NOUN
taxlaw-2830	776	43	taxable	taxable	ADJ
taxlaw-2830	776	44	income	income	NOUN
taxlaw-2830	776	45	to	to	ADP
taxlaw-2830	776	46	the	the	DET
taxlaw-2830	776	47	extent	extent	NOUN
taxlaw-2830	776	48	that	that	SCONJ
taxlaw-2830	776	49	the	the	DET
taxlaw-2830	776	50	controlled	control	VERB
taxlaw-2830	776	51	entity	entity	NOUN
taxlaw-2830	776	52	can	can	AUX
taxlaw-2830	776	53	deduct	deduct	VERB
taxlaw-2830	776	54	the	the	DET
taxlaw-2830	776	55	payment	payment	NOUN
taxlaw-2830	776	56	against	against	ADP
taxlaw-2830	776	57	income	income	NOUN
taxlaw-2830	776	58	that	that	PRON
taxlaw-2830	776	59	would	would	AUX
taxlaw-2830	776	60	be	be	AUX
taxlaw-2830	776	61	unrelated	unrelated	ADJ
taxlaw-2830	776	62	business	business	NOUN
taxlaw-2830	776	63	taxable	taxable	ADJ
taxlaw-2830	776	64	income	income	NOUN
taxlaw-2830	776	65	if	if	SCONJ
taxlaw-2830	776	66	earned	earn	VERB
taxlaw-2830	776	67	by	by	ADP
taxlaw-2830	776	68	the	the	DET
taxlaw-2830	776	69	tax	tax	NOUN
taxlaw-2830	776	70	exempt	exempt	ADJ
taxlaw-2830	776	71	organization	organization	NOUN
taxlaw-2830	776	72	.	.	PUNCT
taxlaw-2830	777	1	i.r.c	i.r.c	NOUN
taxlaw-2830	777	2	.	.	PUNCT
taxlaw-2830	778	1	§	§	PROPN
taxlaw-2830	778	2	512(b)(13	512(b)(13	NUM
taxlaw-2830	778	3	)	)	PUNCT
taxlaw-2830	778	4	(	(	PUNCT
taxlaw-2830	778	5	2012	2012	NUM
taxlaw-2830	778	6	)	)	PUNCT
taxlaw-2830	778	7	.	.	PUNCT
taxlaw-2830	779	1	129	129	NUM
taxlaw-2830	779	2	for	for	ADP
taxlaw-2830	779	3	additional	additional	ADJ
taxlaw-2830	779	4	discussion	discussion	NOUN
taxlaw-2830	779	5	of	of	ADP
taxlaw-2830	779	6	this	this	DET
taxlaw-2830	779	7	proposal	proposal	NOUN
taxlaw-2830	779	8	in	in	ADP
taxlaw-2830	779	9	the	the	DET
taxlaw-2830	779	10	context	context	NOUN
taxlaw-2830	779	11	of	of	ADP
taxlaw-2830	779	12	publicly	publicly	ADV
taxlaw-2830	779	13	traded	trade	VERB
taxlaw-2830	779	14	p	p	NOUN
taxlaw-2830	779	15	artnerships	artnership	NOUN
taxlaw-2830	779	16	,	,	PUNCT
taxlaw-2830	779	17	see	see	VERB
taxlaw-2830	779	18	cauble	cauble	NOUN
taxlaw-2830	779	19	,	,	PUNCT
taxlaw-2830	779	20	supra	supra	PROPN
taxlaw-2830	779	21	note	note	NOUN
taxlaw-2830	779	22	15	15	NUM
taxlaw-2830	779	23	.	.	PUNCT
taxlaw-2830	780	1	in	in	ADP
taxlaw-2830	780	2	the	the	DET
taxlaw-2830	780	3	case	case	NOUN
taxlaw-2830	780	4	of	of	ADP
taxlaw-2830	780	5	income	income	NOUN
taxlaw-2830	780	6	allocated	allocate	VERB
taxlaw-2830	780	7	to	to	ADP
taxlaw-2830	780	8	a	a	DET
taxlaw-2830	780	9	publicly	publicly	ADV
taxlaw-2830	780	10	traded	trade	VERB
taxlaw-2830	780	11	entity	entity	NOUN
taxlaw-2830	780	12	from	from	ADP
taxlaw-2830	780	13	a	a	DET
taxlaw-2830	780	14	partnership	partnership	NOUN
taxlaw-2830	780	15	(	(	PUNCT
taxlaw-2830	780	16	or	or	CCONJ
taxlaw-2830	780	17	through	through	ADP
taxlaw-2830	780	18	several	several	ADJ
taxlaw-2830	780	19	tiers	tier	NOUN
taxlaw-2830	780	20	of	of	ADP
taxlaw-2830	780	21	partnerships	partnership	NOUN
taxlaw-2830	780	22	)	)	PUNCT
taxlaw-2830	780	23	,	,	PUNCT
taxlaw-2830	780	24	whether	whether	SCONJ
taxlaw-2830	780	25	or	or	CCONJ
taxlaw-2830	780	26	not	not	PART
taxlaw-2830	780	27	the	the	DET
taxlaw-2830	780	28	income	income	NOUN
taxlaw-2830	780	29	is	be	AUX
taxlaw-2830	780	30	generated	generate	VERB
taxlaw-2830	780	31	by	by	ADP
taxlaw-2830	780	32	holding	hold	VERB
taxlaw-2830	780	33	a	a	DET
taxlaw-2830	780	34	publicly	publicly	ADV
taxlaw-2830	780	35	traded	trade	VERB
taxlaw-2830	780	36	columbia	columbia	PROPN
taxlaw-2830	780	37	journal	journal	PROPN
taxlaw-2830	780	38	of	of	ADP
taxlaw-2830	780	39	tax	tax	NOUN
taxlaw-2830	780	40	law	law	NOUN
taxlaw-2830	780	41	[	[	AUX
taxlaw-2830	780	42	vol.6:147	vol.6:147	NOUN
taxlaw-2830	780	43	174	174	NUM
taxlaw-2830	780	44	income	income	NOUN
taxlaw-2830	780	45	earned	earn	VERB
taxlaw-2830	780	46	because	because	SCONJ
taxlaw-2830	780	47	of	of	ADP
taxlaw-2830	780	48	a	a	DET
taxlaw-2830	780	49	publicly	publicly	ADV
taxlaw-2830	780	50	traded	trade	VERB
taxlaw-2830	780	51	entity‘s	entity‘s	PROPN
taxlaw-2830	780	52	(	(	PUNCT
taxlaw-2830	780	53	or	or	CCONJ
taxlaw-2830	780	54	a	a	DET
taxlaw-2830	780	55	subsidiary	subsidiary	NOUN
taxlaw-2830	780	56	partnership‘s	partnership‘s	NOUN
taxlaw-2830	780	57	)	)	PUNCT
taxlaw-2830	780	58	right	right	NOUN
taxlaw-2830	780	59	to	to	PART
taxlaw-2830	780	60	carried	carry	VERB
taxlaw-2830	780	61	interest	interest	NOUN
taxlaw-2830	780	62	should	should	AUX
taxlaw-2830	780	63	never	never	ADV
taxlaw-2830	780	64	be	be	AUX
taxlaw-2830	780	65	qualifying	qualify	VERB
taxlaw-2830	780	66	income	income	NOUN
taxlaw-2830	780	67	.	.	PUNCT
taxlaw-2830	781	1	130	130	NUM
taxlaw-2830	781	2	restricting	restrict	VERB
taxlaw-2830	781	3	the	the	DET
taxlaw-2830	781	4	definition	definition	NOUN
taxlaw-2830	781	5	of	of	ADP
taxlaw-2830	781	6	qualifying	qualify	VERB
taxlaw-2830	781	7	income	income	NOUN
taxlaw-2830	781	8	in	in	ADP
taxlaw-2830	781	9	this	this	DET
taxlaw-2830	781	10	manner	manner	NOUN
taxlaw-2830	781	11	would	would	AUX
taxlaw-2830	781	12	better	well	ADV
taxlaw-2830	781	13	align	align	VERB
taxlaw-2830	781	14	the	the	DET
taxlaw-2830	781	15	definition	definition	NOUN
taxlaw-2830	781	16	of	of	ADP
taxlaw-2830	781	17	qualifying	qualify	VERB
taxlaw-2830	781	18	income	income	NOUN
taxlaw-2830	781	19	with	with	ADP
taxlaw-2830	781	20	the	the	DET
taxlaw-2830	781	21	goal	goal	NOUN
taxlaw-2830	781	22	of	of	ADP
taxlaw-2830	781	23	granting	grant	VERB
taxlaw-2830	781	24	special	special	ADJ
taxlaw-2830	781	25	treatment	treatment	NOUN
taxlaw-2830	781	26	to	to	PART
taxlaw-2830	781	27	income	income	VERB
taxlaw-2830	781	28	that	that	SCONJ
taxlaw-2830	781	29	owners	owner	NOUN
taxlaw-2830	781	30	of	of	ADP
taxlaw-2830	781	31	the	the	DET
taxlaw-2830	781	32	publicly	publicly	ADV
taxlaw-2830	781	33	traded	trade	VERB
taxlaw-2830	781	34	entity	entity	NOUN
taxlaw-2830	781	35	could	could	AUX
taxlaw-2830	781	36	earn	earn	VERB
taxlaw-2830	781	37	directly	directly	ADV
taxlaw-2830	781	38	.	.	PUNCT
taxlaw-2830	782	1	this	this	PRON
taxlaw-2830	782	2	is	be	AUX
taxlaw-2830	782	3	true	true	ADJ
taxlaw-2830	782	4	because	because	SCONJ
taxlaw-2830	782	5	owners	owner	NOUN
taxlaw-2830	782	6	of	of	ADP
taxlaw-2830	782	7	the	the	DET
taxlaw-2830	782	8	publicly	publicly	ADV
taxlaw-2830	782	9	traded	trade	VERB
taxlaw-2830	782	10	entity	entity	NOUN
taxlaw-2830	782	11	could	could	AUX
taxlaw-2830	782	12	earn	earn	VERB
taxlaw-2830	782	13	income	income	NOUN
taxlaw-2830	782	14	directly	directly	ADV
taxlaw-2830	782	15	only	only	ADV
taxlaw-2830	782	16	when	when	SCONJ
taxlaw-2830	782	17	the	the	DET
taxlaw-2830	782	18	asset	asset	NOUN
taxlaw-2830	782	19	that	that	PRON
taxlaw-2830	782	20	generates	generate	VERB
taxlaw-2830	782	21	the	the	DET
taxlaw-2830	782	22	income	income	NOUN
taxlaw-2830	782	23	is	be	AUX
taxlaw-2830	782	24	,	,	PUNCT
taxlaw-2830	782	25	itself	itself	PRON
taxlaw-2830	782	26	,	,	PUNCT
taxlaw-2830	782	27	publicly	publicly	ADV
taxlaw-2830	782	28	traded	trade	VERB
taxlaw-2830	782	29	and	and	CCONJ
taxlaw-2830	782	30	only	only	ADV
taxlaw-2830	782	31	if	if	SCONJ
taxlaw-2830	782	32	the	the	DET
taxlaw-2830	782	33	income	income	NOUN
taxlaw-2830	782	34	is	be	AUX
taxlaw-2830	782	35	not	not	PART
taxlaw-2830	782	36	carried	carry	VERB
taxlaw-2830	782	37	interest	interest	NOUN
taxlaw-2830	782	38	.	.	PUNCT
taxlaw-2830	783	1	131	131	NUM
taxlaw-2830	783	2	asset	asset	NOUN
taxlaw-2830	783	3	would	would	AUX
taxlaw-2830	783	4	be	be	AUX
taxlaw-2830	783	5	determined	determine	VERB
taxlaw-2830	783	6	by	by	ADP
taxlaw-2830	783	7	looking	look	VERB
taxlaw-2830	783	8	to	to	ADP
taxlaw-2830	783	9	the	the	DET
taxlaw-2830	783	10	asset	asset	NOUN
taxlaw-2830	783	11	held	hold	VERB
taxlaw-2830	783	12	by	by	ADP
taxlaw-2830	783	13	the	the	DET
taxlaw-2830	783	14	lowest	low	ADJ
taxlaw-2830	783	15	tier	tier	NOUN
taxlaw-2830	783	16	partnership	partnership	NOUN
taxlaw-2830	783	17	from	from	ADP
taxlaw-2830	783	18	which	which	PRON
taxlaw-2830	783	19	the	the	DET
taxlaw-2830	783	20	income	income	NOUN
taxlaw-2830	783	21	was	be	AUX
taxlaw-2830	783	22	allocated	allocate	VERB
taxlaw-2830	783	23	.	.	PUNCT
taxlaw-2830	784	1	130	130	NUM
taxlaw-2830	784	2	for	for	ADP
taxlaw-2830	784	3	discussion	discussion	NOUN
taxlaw-2830	784	4	of	of	ADP
taxlaw-2830	784	5	this	this	DET
taxlaw-2830	784	6	proposal	proposal	NOUN
taxlaw-2830	784	7	in	in	ADP
taxlaw-2830	784	8	the	the	DET
taxlaw-2830	784	9	context	context	NOUN
taxlaw-2830	784	10	of	of	ADP
taxlaw-2830	784	11	the	the	DET
taxlaw-2830	784	12	publicly	publicly	ADV
taxlaw-2830	784	13	traded	trade	VERB
taxlaw-2830	784	14	partnership	partnership	NOUN
taxlaw-2830	784	15	rules	rule	NOUN
taxlaw-2830	784	16	,	,	PUNCT
taxlaw-2830	784	17	see	see	VERB
taxlaw-2830	784	18	cauble	cauble	NOUN
taxlaw-2830	784	19	,	,	PUNCT
taxlaw-2830	784	20	supra	supra	PROPN
taxlaw-2830	784	21	note	note	NOUN
taxlaw-2830	784	22	15	15	NUM
taxlaw-2830	784	23	at	at	ADP
taxlaw-2830	784	24	n.	n.	PROPN
taxlaw-2830	784	25	46	46	NUM
taxlaw-2830	784	26	.	.	PUNCT
taxlaw-2830	785	1	given	give	VERB
taxlaw-2830	785	2	that	that	DET
taxlaw-2830	785	3	rights	right	NOUN
taxlaw-2830	785	4	to	to	PART
taxlaw-2830	785	5	receive	receive	VERB
taxlaw-2830	785	6	carried	carry	VERB
taxlaw-2830	785	7	interest	interest	NOUN
taxlaw-2830	785	8	are	be	AUX
taxlaw-2830	785	9	not	not	PART
taxlaw-2830	785	10	publicly	publicly	ADV
taxlaw-2830	785	11	traded	trade	VERB
taxlaw-2830	785	12	,	,	PUNCT
taxlaw-2830	785	13	this	this	DET
taxlaw-2830	785	14	additional	additional	ADJ
taxlaw-2830	785	15	restriction	restriction	NOUN
taxlaw-2830	785	16	might	might	AUX
taxlaw-2830	785	17	,	,	PUNCT
taxlaw-2830	785	18	at	at	ADP
taxlaw-2830	785	19	first	first	ADV
taxlaw-2830	785	20	,	,	PUNCT
taxlaw-2830	785	21	appear	appear	VERB
taxlaw-2830	785	22	redundant	redundant	ADJ
taxlaw-2830	785	23	once	once	ADV
taxlaw-2830	785	24	qualifying	qualify	VERB
taxlaw-2830	785	25	income	income	NOUN
taxlaw-2830	785	26	is	be	AUX
taxlaw-2830	785	27	defined	define	VERB
taxlaw-2830	785	28	to	to	PART
taxlaw-2830	785	29	exclude	exclude	VERB
taxlaw-2830	785	30	any	any	DET
taxlaw-2830	785	31	income	income	NOUN
taxlaw-2830	785	32	that	that	PRON
taxlaw-2830	785	33	is	be	AUX
taxlaw-2830	785	34	not	not	PART
taxlaw-2830	785	35	earned	earn	VERB
taxlaw-2830	785	36	by	by	ADP
taxlaw-2830	785	37	holding	hold	VERB
taxlaw-2830	785	38	a	a	DET
taxlaw-2830	785	39	publicly	publicly	ADV
taxlaw-2830	785	40	traded	trade	VERB
taxlaw-2830	785	41	asset	asset	NOUN
taxlaw-2830	785	42	.	.	PUNCT
taxlaw-2830	786	1	however	however	ADV
taxlaw-2830	786	2	,	,	PUNCT
taxlaw-2830	786	3	the	the	DET
taxlaw-2830	786	4	additional	additional	ADJ
taxlaw-2830	786	5	restriction	restriction	NOUN
taxlaw-2830	786	6	is	be	AUX
taxlaw-2830	786	7	necessary	necessary	ADJ
taxlaw-2830	786	8	given	give	VERB
taxlaw-2830	786	9	the	the	DET
taxlaw-2830	786	10	manner	manner	NOUN
taxlaw-2830	786	11	in	in	ADP
taxlaw-2830	786	12	which	which	PRON
taxlaw-2830	786	13	carried	carry	VERB
taxlaw-2830	786	14	interest	interest	NOUN
taxlaw-2830	786	15	is	be	AUX
taxlaw-2830	786	16	treated	treat	VERB
taxlaw-2830	786	17	under	under	ADP
taxlaw-2830	786	18	current	current	ADJ
taxlaw-2830	786	19	law	law	NOUN
taxlaw-2830	786	20	.	.	PUNCT
taxlaw-2830	787	1	current	current	ADJ
taxlaw-2830	787	2	law	law	NOUN
taxlaw-2830	787	3	treats	treat	VERB
taxlaw-2830	787	4	the	the	DET
taxlaw-2830	787	5	right	right	NOUN
taxlaw-2830	787	6	to	to	PART
taxlaw-2830	787	7	receive	receive	VERB
taxlaw-2830	787	8	carried	carry	VERB
taxlaw-2830	787	9	interest	interest	NOUN
taxlaw-2830	787	10	from	from	ADP
taxlaw-2830	787	11	a	a	DET
taxlaw-2830	787	12	partnership	partnership	NOUN
taxlaw-2830	787	13	as	as	ADP
taxlaw-2830	787	14	a	a	DET
taxlaw-2830	787	15	partnership	partnership	NOUN
taxlaw-2830	787	16	interest	interest	NOUN
taxlaw-2830	787	17	.	.	PUNCT
taxlaw-2830	788	1	assume	assume	VERB
taxlaw-2830	788	2	,	,	PUNCT
taxlaw-2830	788	3	for	for	ADP
taxlaw-2830	788	4	example	example	NOUN
taxlaw-2830	788	5	,	,	PUNCT
taxlaw-2830	788	6	that	that	SCONJ
taxlaw-2830	788	7	the	the	DET
taxlaw-2830	788	8	blackstone	blackstone	NOUN
taxlaw-2830	788	9	firm	firm	NOUN
taxlaw-2830	788	10	sponsored	sponsor	VERB
taxlaw-2830	788	11	a	a	DET
taxlaw-2830	788	12	hedge	hedge	NOUN
taxlaw-2830	788	13	fund	fund	NOUN
taxlaw-2830	788	14	that	that	PRON
taxlaw-2830	788	15	earned	earn	VERB
taxlaw-2830	788	16	capital	capital	NOUN
taxlaw-2830	788	17	gains	gain	NOUN
taxlaw-2830	788	18	from	from	ADP
taxlaw-2830	788	19	a	a	DET
taxlaw-2830	788	20	sale	sale	NOUN
taxlaw-2830	788	21	of	of	ADP
taxlaw-2830	788	22	publicly	publicly	ADV
taxlaw-2830	788	23	traded	trade	VERB
taxlaw-2830	788	24	stock	stock	NOUN
taxlaw-2830	788	25	,	,	PUNCT
taxlaw-2830	788	26	and	and	CCONJ
taxlaw-2830	788	27	the	the	DET
taxlaw-2830	788	28	blackstone	blackstone	NOUN
taxlaw-2830	788	29	firm	firm	NOUN
taxlaw-2830	788	30	received	receive	VERB
taxlaw-2830	788	31	,	,	PUNCT
taxlaw-2830	788	32	as	as	ADP
taxlaw-2830	788	33	part	part	NOUN
taxlaw-2830	788	34	of	of	ADP
taxlaw-2830	788	35	its	its	PRON
taxlaw-2830	788	36	carried	carry	VERB
taxlaw-2830	788	37	interest	interest	NOUN
taxlaw-2830	788	38	,	,	PUNCT
taxlaw-2830	788	39	a	a	DET
taxlaw-2830	788	40	share	share	NOUN
taxlaw-2830	788	41	of	of	ADP
taxlaw-2830	788	42	those	those	DET
taxlaw-2830	788	43	gains	gain	NOUN
taxlaw-2830	788	44	.	.	PUNCT
taxlaw-2830	789	1	as	as	ADP
taxlaw-2830	789	2	a	a	DET
taxlaw-2830	789	3	result	result	NOUN
taxlaw-2830	789	4	,	,	PUNCT
taxlaw-2830	789	5	blackstone	blackstone	NOUN
taxlaw-2830	789	6	group	group	PROPN
taxlaw-2830	789	7	l.p	l.p	PROPN
taxlaw-2830	789	8	.	.	PROPN
taxlaw-2830	789	9	could	could	AUX
taxlaw-2830	789	10	earn	earn	VERB
taxlaw-2830	789	11	capital	capital	NOUN
taxlaw-2830	789	12	gains	gain	NOUN
taxlaw-2830	789	13	income	income	NOUN
taxlaw-2830	789	14	from	from	ADP
taxlaw-2830	789	15	a	a	DET
taxlaw-2830	789	16	sale	sale	NOUN
taxlaw-2830	789	17	of	of	ADP
taxlaw-2830	789	18	the	the	DET
taxlaw-2830	789	19	underlying	underlie	VERB
taxlaw-2830	789	20	publicly	publicly	ADV
taxlaw-2830	789	21	traded	trade	VERB
taxlaw-2830	789	22	stock	stock	NOUN
taxlaw-2830	789	23	that	that	PRON
taxlaw-2830	789	24	was	be	AUX
taxlaw-2830	789	25	allocated	allocate	VERB
taxlaw-2830	789	26	to	to	ADP
taxlaw-2830	789	27	it	it	PRON
taxlaw-2830	789	28	through	through	ADP
taxlaw-2830	789	29	several	several	ADJ
taxlaw-2830	789	30	tiers	tier	NOUN
taxlaw-2830	789	31	of	of	ADP
taxlaw-2830	789	32	partnerships	partnership	NOUN
taxlaw-2830	789	33	.	.	PUNCT
taxlaw-2830	790	1	the	the	DET
taxlaw-2830	790	2	lowest	low	ADJ
taxlaw-2830	790	3	tier	tier	NOUN
taxlaw-2830	790	4	partnership	partnership	NOUN
taxlaw-2830	790	5	from	from	ADP
taxlaw-2830	790	6	which	which	PRON
taxlaw-2830	790	7	the	the	DET
taxlaw-2830	790	8	income	income	NOUN
taxlaw-2830	790	9	was	be	AUX
taxlaw-2830	790	10	allocated	allocate	VERB
taxlaw-2830	790	11	would	would	AUX
taxlaw-2830	790	12	be	be	AUX
taxlaw-2830	790	13	the	the	DET
taxlaw-2830	790	14	hedge	hedge	NOUN
taxlaw-2830	790	15	fund	fund	NOUN
taxlaw-2830	790	16	itself	itself	PRON
taxlaw-2830	790	17	,	,	PUNCT
taxlaw-2830	790	18	and	and	CCONJ
taxlaw-2830	790	19	the	the	DET
taxlaw-2830	790	20	asset	asset	NOUN
taxlaw-2830	790	21	held	hold	VERB
taxlaw-2830	790	22	by	by	ADP
taxlaw-2830	790	23	the	the	DET
taxlaw-2830	790	24	hedge	hedge	NOUN
taxlaw-2830	790	25	fund	fund	NOUN
taxlaw-2830	790	26	that	that	PRON
taxlaw-2830	790	27	generated	generate	VERB
taxlaw-2830	790	28	the	the	DET
taxlaw-2830	790	29	gains	gain	NOUN
taxlaw-2830	790	30	would	would	AUX
taxlaw-2830	790	31	be	be	AUX
taxlaw-2830	790	32	publicly	publicly	ADV
taxlaw-2830	790	33	traded	trade	VERB
taxlaw-2830	790	34	stock	stock	NOUN
taxlaw-2830	790	35	.	.	PUNCT
taxlaw-2830	791	1	thus	thus	ADV
taxlaw-2830	791	2	,	,	PUNCT
taxlaw-2830	791	3	if	if	SCONJ
taxlaw-2830	791	4	the	the	DET
taxlaw-2830	791	5	definition	definition	NOUN
taxlaw-2830	791	6	of	of	ADP
taxlaw-2830	791	7	qualifying	qualify	VERB
taxlaw-2830	791	8	income	income	NOUN
taxlaw-2830	791	9	included	include	VERB
taxlaw-2830	791	10	capital	capital	NOUN
taxlaw-2830	791	11	gains	gain	NOUN
taxlaw-2830	791	12	earned	earn	VERB
taxlaw-2830	791	13	from	from	ADP
taxlaw-2830	791	14	sale	sale	NOUN
taxlaw-2830	791	15	of	of	ADP
taxlaw-2830	791	16	a	a	DET
taxlaw-2830	791	17	publicly	publicly	ADV
taxlaw-2830	791	18	traded	trade	VERB
taxlaw-2830	791	19	asset	asset	NOUN
taxlaw-2830	791	20	,	,	PUNCT
taxlaw-2830	791	21	this	this	DET
taxlaw-2830	791	22	income	income	NOUN
taxlaw-2830	791	23	would	would	AUX
taxlaw-2830	791	24	constitute	constitute	VERB
taxlaw-2830	791	25	qualifying	qualify	VERB
taxlaw-2830	791	26	income	income	NOUN
taxlaw-2830	791	27	even	even	ADV
taxlaw-2830	791	28	under	under	ADP
taxlaw-2830	791	29	the	the	DET
taxlaw-2830	791	30	revised	revised	ADJ
taxlaw-2830	791	31	definition	definition	NOUN
taxlaw-2830	791	32	,	,	PUNCT
taxlaw-2830	791	33	given	give	VERB
taxlaw-2830	791	34	that	that	SCONJ
taxlaw-2830	791	35	,	,	PUNCT
taxlaw-2830	791	36	in	in	ADP
taxlaw-2830	791	37	the	the	DET
taxlaw-2830	791	38	case	case	NOUN
taxlaw-2830	791	39	of	of	ADP
taxlaw-2830	791	40	income	income	NOUN
taxlaw-2830	791	41	allocated	allocate	VERB
taxlaw-2830	791	42	to	to	ADP
taxlaw-2830	791	43	a	a	DET
taxlaw-2830	791	44	publicly	publicly	ADV
taxlaw-2830	791	45	traded	trade	VERB
taxlaw-2830	791	46	entity	entity	NOUN
taxlaw-2830	791	47	from	from	ADP
taxlaw-2830	791	48	a	a	DET
taxlaw-2830	791	49	partnership	partnership	NOUN
taxlaw-2830	791	50	(	(	PUNCT
taxlaw-2830	791	51	or	or	CCONJ
taxlaw-2830	791	52	through	through	ADP
taxlaw-2830	791	53	several	several	ADJ
taxlaw-2830	791	54	tiers	tier	NOUN
taxlaw-2830	791	55	of	of	ADP
taxlaw-2830	791	56	partnerships	partnership	NOUN
taxlaw-2830	791	57	)	)	PUNCT
taxlaw-2830	791	58	,	,	PUNCT
taxlaw-2830	791	59	whether	whether	SCONJ
taxlaw-2830	791	60	or	or	CCONJ
taxlaw-2830	791	61	not	not	PART
taxlaw-2830	791	62	the	the	DET
taxlaw-2830	791	63	income	income	NOUN
taxlaw-2830	791	64	was	be	AUX
taxlaw-2830	791	65	generated	generate	VERB
taxlaw-2830	791	66	by	by	ADP
taxlaw-2830	791	67	holding	hold	VERB
taxlaw-2830	791	68	a	a	DET
taxlaw-2830	791	69	publicly	publicly	ADV
taxlaw-2830	791	70	traded	trade	VERB
taxlaw-2830	791	71	asset	asset	NOUN
taxlaw-2830	791	72	would	would	AUX
taxlaw-2830	791	73	be	be	AUX
taxlaw-2830	791	74	determined	determine	VERB
taxlaw-2830	791	75	by	by	ADP
taxlaw-2830	791	76	looking	look	VERB
taxlaw-2830	791	77	to	to	ADP
taxlaw-2830	791	78	the	the	DET
taxlaw-2830	791	79	asset	asset	NOUN
taxlaw-2830	791	80	held	hold	VERB
taxlaw-2830	791	81	by	by	ADP
taxlaw-2830	791	82	the	the	DET
taxlaw-2830	791	83	lowest	low	ADJ
taxlaw-2830	791	84	tier	tier	NOUN
taxlaw-2830	791	85	partnership	partnership	NOUN
taxlaw-2830	791	86	from	from	ADP
taxlaw-2830	791	87	which	which	PRON
taxlaw-2830	791	88	the	the	DET
taxlaw-2830	791	89	income	income	NOUN
taxlaw-2830	791	90	was	be	AUX
taxlaw-2830	791	91	allocated	allocate	VERB
taxlaw-2830	791	92	.	.	PUNCT
taxlaw-2830	792	1	see	see	VERB
taxlaw-2830	792	2	supra	supra	PROPN
taxlaw-2830	792	3	note	note	PROPN
taxlaw-2830	792	4	129	129	NUM
taxlaw-2830	792	5	.	.	PUNCT
taxlaw-2830	793	1	thus	thus	ADV
taxlaw-2830	793	2	,	,	PUNCT
taxlaw-2830	793	3	to	to	PART
taxlaw-2830	793	4	ensure	ensure	VERB
taxlaw-2830	793	5	that	that	SCONJ
taxlaw-2830	793	6	this	this	DET
taxlaw-2830	793	7	income	income	NOUN
taxlaw-2830	793	8	is	be	AUX
taxlaw-2830	793	9	not	not	PART
taxlaw-2830	793	10	treated	treat	VERB
taxlaw-2830	793	11	as	as	ADP
taxlaw-2830	793	12	qualifying	qualify	VERB
taxlaw-2830	793	13	income	income	NOUN
taxlaw-2830	793	14	,	,	PUNCT
taxlaw-2830	793	15	the	the	DET
taxlaw-2830	793	16	definition	definition	NOUN
taxlaw-2830	793	17	of	of	ADP
taxlaw-2830	793	18	qualifying	qualify	VERB
taxlaw-2830	793	19	income	income	NOUN
taxlaw-2830	793	20	should	should	AUX
taxlaw-2830	793	21	be	be	AUX
taxlaw-2830	793	22	further	far	ADV
taxlaw-2830	793	23	restricted	restrict	VERB
taxlaw-2830	793	24	by	by	ADP
taxlaw-2830	793	25	providing	provide	VERB
taxlaw-2830	793	26	that	that	DET
taxlaw-2830	793	27	income	income	NOUN
taxlaw-2830	793	28	earned	earn	VERB
taxlaw-2830	793	29	because	because	SCONJ
taxlaw-2830	793	30	of	of	ADP
taxlaw-2830	793	31	a	a	DET
taxlaw-2830	793	32	publicly	publicly	ADV
taxlaw-2830	793	33	traded	trade	VERB
taxlaw-2830	793	34	entity‘s	entity‘s	PROPN
taxlaw-2830	793	35	(	(	PUNCT
taxlaw-2830	793	36	or	or	CCONJ
taxlaw-2830	793	37	a	a	DET
taxlaw-2830	793	38	subsidiary	subsidiary	NOUN
taxlaw-2830	793	39	partnership‘s	partnership‘s	NOUN
taxlaw-2830	793	40	)	)	PUNCT
taxlaw-2830	793	41	right	right	NOUN
taxlaw-2830	793	42	to	to	PART
taxlaw-2830	793	43	carried	carry	VERB
taxlaw-2830	793	44	interest	interest	NOUN
taxlaw-2830	793	45	can	can	AUX
taxlaw-2830	793	46	never	never	ADV
taxlaw-2830	793	47	be	be	AUX
taxlaw-2830	793	48	qualifying	qualify	VERB
taxlaw-2830	793	49	income	income	NOUN
taxlaw-2830	793	50	.	.	PUNCT
taxlaw-2830	794	1	131	131	NUM
taxlaw-2830	795	1	even	even	ADV
taxlaw-2830	795	2	when	when	SCONJ
taxlaw-2830	795	3	an	an	DET
taxlaw-2830	795	4	asset	asset	NOUN
taxlaw-2830	795	5	is	be	AUX
taxlaw-2830	795	6	publicly	publicly	ADV
taxlaw-2830	795	7	traded	trade	VERB
taxlaw-2830	795	8	,	,	PUNCT
taxlaw-2830	795	9	if	if	SCONJ
taxlaw-2830	795	10	the	the	DET
taxlaw-2830	795	11	publicly	publicly	ADV
taxlaw-2830	795	12	traded	trade	VERB
taxlaw-2830	795	13	entity	entity	NOUN
taxlaw-2830	795	14	holds	hold	VERB
taxlaw-2830	795	15	a	a	DET
taxlaw-2830	795	16	diversified	diversified	ADJ
taxlaw-2830	795	17	pool	pool	NOUN
taxlaw-2830	795	18	of	of	ADP
taxlaw-2830	795	19	investments	investment	NOUN
taxlaw-2830	795	20	,	,	PUNCT
taxlaw-2830	795	21	an	an	DET
taxlaw-2830	795	22	owner	owner	NOUN
taxlaw-2830	795	23	of	of	ADP
taxlaw-2830	795	24	the	the	DET
taxlaw-2830	795	25	publicly	publicly	ADV
taxlaw-2830	795	26	traded	trade	VERB
taxlaw-2830	795	27	entity	entity	NOUN
taxlaw-2830	795	28	could	could	AUX
taxlaw-2830	795	29	not	not	PART
taxlaw-2830	795	30	,	,	PUNCT
taxlaw-2830	795	31	without	without	ADP
taxlaw-2830	795	32	incurring	incur	VERB
taxlaw-2830	795	33	significant	significant	ADJ
taxlaw-2830	795	34	transaction	transaction	NOUN
taxlaw-2830	795	35	costs	cost	NOUN
taxlaw-2830	795	36	,	,	PUNCT
taxlaw-2830	795	37	achieve	achieve	VERB
taxlaw-2830	795	38	the	the	DET
taxlaw-2830	795	39	same	same	ADJ
taxlaw-2830	795	40	level	level	NOUN
taxlaw-2830	795	41	of	of	ADP
taxlaw-2830	795	42	diversification	diversification	NOUN
taxlaw-2830	795	43	through	through	ADP
taxlaw-2830	795	44	direct	direct	ADJ
taxlaw-2830	795	45	acquisition	acquisition	NOUN
taxlaw-2830	795	46	of	of	ADP
taxlaw-2830	795	47	interests	interest	NOUN
taxlaw-2830	795	48	in	in	ADP
taxlaw-2830	795	49	the	the	DET
taxlaw-2830	795	50	underlying	underlie	VERB
taxlaw-2830	795	51	assets	asset	NOUN
taxlaw-2830	795	52	.	.	PUNCT
taxlaw-2830	796	1	thus	thus	ADV
taxlaw-2830	796	2	,	,	PUNCT
taxlaw-2830	796	3	even	even	ADV
taxlaw-2830	796	4	a	a	DET
taxlaw-2830	796	5	publicly	publicly	ADV
taxlaw-2830	796	6	traded	trade	VERB
taxlaw-2830	796	7	entity	entity	NOUN
taxlaw-2830	796	8	that	that	PRON
taxlaw-2830	796	9	owned	own	VERB
taxlaw-2830	796	10	publicly	publicly	ADV
taxlaw-2830	796	11	traded	trade	VERB
taxlaw-2830	796	12	assets	asset	NOUN
taxlaw-2830	796	13	would	would	AUX
taxlaw-2830	796	14	still	still	ADV
taxlaw-2830	796	15	allow	allow	VERB
taxlaw-2830	796	16	its	its	PRON
taxlaw-2830	796	17	owners	owner	NOUN
taxlaw-2830	796	18	to	to	PART
taxlaw-2830	796	19	achieve	achieve	VERB
taxlaw-2830	796	20	something	something	PRON
taxlaw-2830	796	21	they	they	PRON
taxlaw-2830	796	22	could	could	AUX
taxlaw-2830	796	23	not	not	PART
taxlaw-2830	796	24	achieve	achieve	VERB
taxlaw-2830	796	25	,	,	PUNCT
taxlaw-2830	796	26	as	as	ADP
taxlaw-2830	796	27	easily	easily	ADV
taxlaw-2830	796	28	,	,	PUNCT
taxlaw-2830	796	29	through	through	ADP
taxlaw-2830	796	30	direct	direct	ADJ
taxlaw-2830	796	31	ownership	ownership	NOUN
taxlaw-2830	796	32	.	.	PUNCT
taxlaw-2830	797	1	in	in	ADP
taxlaw-2830	797	2	this	this	DET
taxlaw-2830	797	3	way	way	NOUN
taxlaw-2830	797	4	,	,	PUNCT
taxlaw-2830	797	5	a	a	DET
taxlaw-2830	797	6	publicly	publicly	ADV
taxlaw-2830	797	7	traded	trade	VERB
taxlaw-2830	797	8	entity	entity	NOUN
taxlaw-2830	797	9	that	that	PRON
taxlaw-2830	797	10	invests	invest	VERB
taxlaw-2830	797	11	primarily	primarily	ADV
taxlaw-2830	797	12	in	in	ADP
taxlaw-2830	797	13	liquid	liquid	ADJ
taxlaw-2830	797	14	securities	security	NOUN
taxlaw-2830	797	15	serves	serve	VERB
taxlaw-2830	797	16	a	a	DET
taxlaw-2830	797	17	function	function	NOUN
taxlaw-2830	797	18	similar	similar	ADJ
taxlaw-2830	797	19	to	to	ADP
taxlaw-2830	797	20	the	the	DET
taxlaw-2830	797	21	purpose	purpose	NOUN
taxlaw-2830	797	22	served	serve	VERB
taxlaw-2830	797	23	by	by	ADP
taxlaw-2830	797	24	many	many	ADJ
taxlaw-2830	797	25	regulated	regulated	ADJ
taxlaw-2830	797	26	investment	investment	NOUN
taxlaw-2830	797	27	companies	company	NOUN
taxlaw-2830	797	28	(	(	PUNCT
taxlaw-2830	797	29	―rics‖	―rics‖	PROPN
taxlaw-2830	797	30	)	)	PUNCT
taxlaw-2830	797	31	.	.	PUNCT
taxlaw-2830	798	1	it	it	PRON
taxlaw-2830	798	2	is	be	AUX
taxlaw-2830	798	3	also	also	ADV
taxlaw-2830	798	4	true	true	ADJ
taxlaw-2830	798	5	that	that	SCONJ
taxlaw-2830	798	6	,	,	PUNCT
taxlaw-2830	798	7	even	even	ADV
taxlaw-2830	798	8	if	if	SCONJ
taxlaw-2830	798	9	an	an	DET
taxlaw-2830	798	10	asset	asset	NOUN
taxlaw-2830	798	11	is	be	AUX
taxlaw-2830	798	12	publicly	publicly	ADV
taxlaw-2830	798	13	traded	trade	VERB
taxlaw-2830	798	14	,	,	PUNCT
taxlaw-2830	798	15	owners	owner	NOUN
taxlaw-2830	798	16	of	of	ADP
taxlaw-2830	798	17	the	the	DET
taxlaw-2830	798	18	publicly	publicly	ADV
taxlaw-2830	798	19	traded	trade	VERB
taxlaw-2830	798	20	entity	entity	NOUN
taxlaw-2830	798	21	might	might	AUX
taxlaw-2830	798	22	lack	lack	VERB
taxlaw-2830	798	23	the	the	DET
taxlaw-2830	798	24	financial	financial	ADJ
taxlaw-2830	798	25	expertise	expertise	NOUN
taxlaw-2830	798	26	to	to	PART
taxlaw-2830	798	27	engage	engage	VERB
taxlaw-2830	798	28	in	in	ADP
taxlaw-2830	798	29	the	the	DET
taxlaw-2830	798	30	same	same	ADJ
taxlaw-2830	798	31	investment	investment	NOUN
taxlaw-2830	798	32	strategies	strategy	NOUN
taxlaw-2830	798	33	used	use	VERB
taxlaw-2830	798	34	by	by	ADP
taxlaw-2830	798	35	the	the	DET
taxlaw-2830	798	36	entity	entity	NOUN
taxlaw-2830	798	37	,	,	PUNCT
taxlaw-2830	798	38	without	without	ADP
taxlaw-2830	798	39	obtaining	obtain	VERB
taxlaw-2830	798	40	potentially	potentially	ADV
taxlaw-2830	798	41	prohibitively	prohibitively	ADV
taxlaw-2830	798	42	costly	costly	ADJ
taxlaw-2830	798	43	expert	expert	NOUN
taxlaw-2830	798	44	advice	advice	NOUN
taxlaw-2830	798	45	.	.	PUNCT
taxlaw-2830	799	1	the	the	DET
taxlaw-2830	799	2	same	same	ADJ
taxlaw-2830	799	3	could	could	AUX
taxlaw-2830	799	4	be	be	AUX
taxlaw-2830	799	5	said	say	VERB
taxlaw-2830	799	6	of	of	ADP
taxlaw-2830	799	7	investors	investor	NOUN
taxlaw-2830	799	8	in	in	ADP
taxlaw-2830	799	9	rics	ric	NOUN
taxlaw-2830	799	10	,	,	PUNCT
taxlaw-2830	799	11	and	and	CCONJ
taxlaw-2830	799	12	rics	ric	NOUN
taxlaw-2830	799	13	obtain	obtain	VERB
taxlaw-2830	799	14	exemption	exemption	NOUN
taxlaw-2830	799	15	from	from	ADP
taxlaw-2830	799	16	entity	entity	NOUN
taxlaw-2830	799	17	-level	-level	NOUN
taxlaw-2830	799	18	tax	tax	NOUN
taxlaw-2830	799	19	.	.	PUNCT
taxlaw-2830	800	1	thus	thus	ADV
taxlaw-2830	800	2	,	,	PUNCT
taxlaw-2830	800	3	in	in	ADP
taxlaw-2830	800	4	these	these	DET
taxlaw-2830	800	5	two	two	NUM
taxlaw-2830	800	6	ways	way	NOUN
taxlaw-2830	800	7	(	(	PUNCT
taxlaw-2830	800	8	allowing	allow	VERB
taxlaw-2830	800	9	less	less	ADV
taxlaw-2830	800	10	costly	costly	ADJ
taxlaw-2830	800	11	diversification	diversification	NOUN
taxlaw-2830	800	12	and	and	CCONJ
taxlaw-2830	800	13	allowing	allow	VERB
taxlaw-2830	800	14	owners	owner	NOUN
taxlaw-2830	800	15	to	to	PART
taxlaw-2830	800	16	benefit	benefit	VERB
taxlaw-2830	800	17	from	from	ADP
taxlaw-2830	800	18	the	the	DET
taxlaw-2830	800	19	financial	financial	ADJ
taxlaw-2830	800	20	expertise	expertise	NOUN
taxlaw-2830	800	21	of	of	ADP
taxlaw-2830	800	22	a	a	DET
taxlaw-2830	800	23	shared	share	VERB
taxlaw-2830	800	24	adviser	adviser	NOUN
taxlaw-2830	800	25	)	)	PUNCT
taxlaw-2830	800	26	,	,	PUNCT
taxlaw-2830	800	27	publicly	publicly	ADV
taxlaw-2830	800	28	traded	trade	VERB
taxlaw-2830	800	29	entities	entity	NOUN
taxlaw-2830	800	30	that	that	PRON
taxlaw-2830	800	31	invest	invest	VERB
taxlaw-2830	800	32	primarily	primarily	ADV
taxlaw-2830	800	33	in	in	ADP
taxlaw-2830	800	34	liquid	liquid	ADJ
taxlaw-2830	800	35	securities	security	NOUN
taxlaw-2830	800	36	allow	allow	VERB
taxlaw-2830	800	37	their	their	PRON
taxlaw-2830	800	38	investors	investor	NOUN
taxlaw-2830	800	39	to	to	PART
taxlaw-2830	800	40	earn	earn	VERB
taxlaw-2830	800	41	income	income	NOUN
taxlaw-2830	800	42	that	that	SCONJ
taxlaw-2830	800	43	they	they	PRON
taxlaw-2830	800	44	could	could	AUX
taxlaw-2830	800	45	not	not	PART
taxlaw-2830	800	46	,	,	PUNCT
taxlaw-2830	800	47	as	as	ADP
taxlaw-2830	800	48	a	a	DET
taxlaw-2830	800	49	practical	practical	ADJ
taxlaw-2830	800	50	matter	matter	NOUN
taxlaw-2830	800	51	,	,	PUNCT
taxlaw-2830	800	52	earn	earn	VERB
taxlaw-2830	800	53	directly	directly	ADV
taxlaw-2830	800	54	.	.	PUNCT
taxlaw-2830	801	1	nevertheless	nevertheless	ADV
taxlaw-2830	801	2	,	,	PUNCT
taxlaw-2830	801	3	publicly	publicly	ADV
taxlaw-2830	801	4	traded	trade	VERB
taxlaw-2830	801	5	entities	entity	NOUN
taxlaw-2830	801	6	that	that	PRON
taxlaw-2830	801	7	invest	invest	VERB
taxlaw-2830	801	8	primarily	primarily	ADV
taxlaw-2830	801	9	in	in	ADP
taxlaw-2830	801	10	liquid	liquid	ADJ
taxlaw-2830	801	11	assets	asset	NOUN
taxlaw-2830	801	12	ought	ought	AUX
taxlaw-2830	801	13	to	to	PART
taxlaw-2830	801	14	receive	receive	VERB
taxlaw-2830	801	15	exemption	exemption	NOUN
taxlaw-2830	801	16	from	from	ADP
taxlaw-2830	801	17	corporate	corporate	ADJ
taxlaw-2830	801	18	-	-	PUNCT
taxlaw-2830	801	19	level	level	NOUN
taxlaw-2830	801	20	tax	tax	NOUN
taxlaw-2830	801	21	for	for	ADP
taxlaw-2830	801	22	at	at	ADV
taxlaw-2830	801	23	least	least	ADV
taxlaw-2830	801	24	two	two	NUM
taxlaw-2830	801	25	reasons	reason	NOUN
taxlaw-2830	801	26	.	.	PUNCT
taxlaw-2830	802	1	first	first	ADV
taxlaw-2830	802	2	,	,	PUNCT
taxlaw-2830	802	3	some	some	DET
taxlaw-2830	802	4	practical	practical	ADJ
taxlaw-2830	802	5	limitations	limitation	NOUN
taxlaw-2830	802	6	on	on	ADP
taxlaw-2830	802	7	the	the	DET
taxlaw-2830	802	8	owners	owner	NOUN
taxlaw-2830	802	9	‘	‘	PART
taxlaw-2830	802	10	ability	ability	NOUN
taxlaw-2830	802	11	to	to	PART
taxlaw-2830	802	12	earn	earn	VERB
taxlaw-2830	802	13	the	the	DET
taxlaw-2830	802	14	same	same	ADJ
taxlaw-2830	802	15	income	income	NOUN
taxlaw-2830	802	16	directly	directly	ADV
taxlaw-2830	802	17	can	can	AUX
taxlaw-2830	802	18	be	be	AUX
taxlaw-2830	802	19	ignored	ignore	VERB
taxlaw-2830	802	20	in	in	ADP
taxlaw-2830	802	21	order	order	NOUN
taxlaw-2830	802	22	to	to	PART
taxlaw-2830	802	23	develop	develop	VERB
taxlaw-2830	802	24	an	an	DET
taxlaw-2830	802	25	administrable	administrable	ADJ
taxlaw-2830	802	26	test	test	NOUN
taxlaw-2830	802	27	of	of	ADP
taxlaw-2830	802	28	what	what	PRON
taxlaw-2830	802	29	can	can	AUX
taxlaw-2830	802	30	constitute	constitute	VERB
taxlaw-2830	802	31	qualifying	qualify	VERB
taxlaw-2830	802	32	income	income	NOUN
taxlaw-2830	802	33	.	.	PUNCT
taxlaw-2830	803	1	second	second	ADV
taxlaw-2830	803	2	,	,	PUNCT
taxlaw-2830	803	3	publicly	publicly	ADV
taxlaw-2830	803	4	traded	trade	VERB
taxlaw-2830	803	5	entities	entity	NOUN
taxlaw-2830	803	6	that	that	PRON
taxlaw-2830	803	7	allow	allow	VERB
taxlaw-2830	803	8	owners	owner	NOUN
taxlaw-2830	803	9	to	to	PART
taxlaw-2830	803	10	hold	hold	VERB
taxlaw-2830	803	11	a	a	DET
taxlaw-2830	803	12	diversified	diversified	ADJ
taxlaw-2830	803	13	pool	pool	NOUN
taxlaw-2830	803	14	of	of	ADP
taxlaw-2830	803	15	investments	investment	NOUN
taxlaw-2830	803	16	in	in	ADP
taxlaw-2830	803	17	liquid	liquid	ADJ
taxlaw-2830	803	18	securities	security	NOUN
taxlaw-2830	803	19	provide	provide	VERB
taxlaw-2830	803	20	their	their	PRON
taxlaw-2830	803	21	owners	owner	NOUN
taxlaw-2830	803	22	with	with	ADP
taxlaw-2830	803	23	a	a	DET
taxlaw-2830	803	24	cost	cost	NOUN
taxlaw-2830	803	25	-effective	-effective	ADJ
taxlaw-2830	803	26	way	way	NOUN
taxlaw-2830	803	27	to	to	PART
taxlaw-2830	803	28	diversify	diversify	VERB
taxlaw-2830	803	29	their	their	PRON
taxlaw-2830	803	30	investment	investment	NOUN
taxlaw-2830	803	31	portfolios	portfolio	NOUN
taxlaw-2830	803	32	.	.	PUNCT
taxlaw-2830	804	1	providing	provide	VERB
taxlaw-2830	804	2	a	a	DET
taxlaw-2830	804	3	means	means	NOUN
taxlaw-2830	804	4	of	of	ADP
taxlaw-2830	804	5	easy	easy	ADJ
taxlaw-2830	804	6	diversification	diversification	NOUN
taxlaw-2830	804	7	is	be	AUX
taxlaw-2830	804	8	a	a	DET
taxlaw-2830	804	9	worthwhile	worthwhile	ADJ
taxlaw-2830	804	10	policy	policy	NOUN
taxlaw-2830	804	11	objective	objective	NOUN
taxlaw-2830	804	12	that	that	PRON
taxlaw-2830	804	13	warrants	warrant	NOUN
taxlaw-2830	804	14	exemption	exemption	NOUN
taxlaw-2830	804	15	from	from	ADP
taxlaw-2830	804	16	corporate	corporate	ADJ
taxlaw-2830	804	17	-	-	PUNCT
taxlaw-2830	804	18	level	level	NOUN
taxlaw-2830	804	19	tax	tax	NOUN
taxlaw-2830	804	20	even	even	ADV
taxlaw-2830	804	21	if	if	SCONJ
taxlaw-2830	804	22	,	,	PUNCT
taxlaw-2830	804	23	once	once	ADV
taxlaw-2830	804	24	every	every	DET
taxlaw-2830	804	25	practical	practical	ADJ
taxlaw-2830	804	26	factor	factor	NOUN
taxlaw-2830	804	27	is	be	AUX
taxlaw-2830	804	28	considered	consider	VERB
taxlaw-2830	804	29	,	,	PUNCT
taxlaw-2830	804	30	the	the	DET
taxlaw-2830	804	31	owners	owner	NOUN
taxlaw-2830	804	32	could	could	AUX
taxlaw-2830	804	33	not	not	PART
taxlaw-2830	804	34	earn	earn	VERB
taxlaw-2830	804	35	the	the	DET
taxlaw-2830	804	36	income	income	NOUN
taxlaw-2830	804	37	directly	directly	ADV
taxlaw-2830	804	38	.	.	PUNCT
taxlaw-2830	805	1	it	it	PRON
taxlaw-2830	805	2	could	could	AUX
taxlaw-2830	805	3	be	be	AUX
taxlaw-2830	805	4	argued	argue	VERB
taxlaw-2830	805	5	that	that	SCONJ
taxlaw-2830	805	6	reits	reit	NOUN
taxlaw-2830	805	7	serve	serve	VERB
taxlaw-2830	805	8	the	the	DET
taxlaw-2830	805	9	same	same	ADJ
taxlaw-2830	805	10	funct	funct	ADJ
taxlaw-2830	805	11	ion	ion	NOUN
taxlaw-2830	805	12	of	of	ADP
taxlaw-2830	805	13	allowing	allow	VERB
taxlaw-2830	805	14	diversification	diversification	NOUN
taxlaw-2830	805	15	and	and	CCONJ
taxlaw-2830	805	16	that	that	SCONJ
taxlaw-2830	805	17	this	this	DET
taxlaw-2830	805	18	function	function	NOUN
taxlaw-2830	805	19	justifies	justify	VERB
taxlaw-2830	805	20	their	their	PRON
taxlaw-2830	805	21	special	special	ADJ
taxlaw-2830	805	22	tax	tax	NOUN
taxlaw-2830	805	23	treatment	treatment	NOUN
taxlaw-2830	805	24	.	.	PUNCT
taxlaw-2830	806	1	however	however	ADV
taxlaw-2830	806	2	,	,	PUNCT
taxlaw-2830	806	3	the	the	DET
taxlaw-2830	806	4	current	current	ADJ
taxlaw-2830	806	5	reit	reit	NOUN
taxlaw-2830	806	6	rules	rule	NOUN
taxlaw-2830	806	7	do	do	AUX
taxlaw-2830	806	8	not	not	PART
taxlaw-2830	806	9	require	require	VERB
taxlaw-2830	806	10	that	that	SCONJ
taxlaw-2830	806	11	an	an	DET
taxlaw-2830	806	12	entity	entity	NOUN
taxlaw-2830	806	13	hold	hold	VERB
taxlaw-2830	806	14	a	a	DET
taxlaw-2830	806	15	diversified	diversified	ADJ
taxlaw-2830	806	16	pool	pool	NOUN
taxlaw-2830	806	17	of	of	ADP
taxlaw-2830	806	18	real	real	ADJ
taxlaw-2830	806	19	estate	estate	NOUN
taxlaw-2830	806	20	assets	asset	NOUN
taxlaw-2830	806	21	in	in	ADP
taxlaw-2830	806	22	order	order	NOUN
taxlaw-2830	806	23	to	to	PART
taxlaw-2830	806	24	qualify	qualify	VERB
taxlaw-2830	806	25	as	as	ADP
taxlaw-2830	806	26	a	a	DET
taxlaw-2830	806	27	reit	reit	NOUN
taxlaw-2830	806	28	.	.	PUNCT
taxlaw-2830	807	1	there	there	PRON
taxlaw-2830	807	2	are	be	VERB
taxlaw-2830	807	3	some	some	DET
taxlaw-2830	807	4	requirements	requirement	NOUN
taxlaw-2830	807	5	that	that	PRON
taxlaw-2830	807	6	ensure	ensure	VERB
taxlaw-2830	807	7	that	that	SCONJ
taxlaw-2830	807	8	a	a	DET
taxlaw-2830	807	9	reit	reit	NOUN
taxlaw-2830	807	10	does	do	AUX
taxlaw-2830	807	11	not	not	PART
taxlaw-2830	807	12	hold	hold	VERB
taxlaw-2830	807	13	an	an	DET
taxlaw-2830	807	14	overly	overly	ADV
taxlaw-2830	807	15	concentrated	concentrated	ADJ
taxlaw-2830	807	16	share	share	NOUN
taxlaw-2830	807	17	of	of	ADP
taxlaw-2830	807	18	its	its	PRON
taxlaw-2830	807	19	assets	asset	NOUN
taxlaw-2830	807	20	in	in	ADP
taxlaw-2830	807	21	certain	certain	ADJ
taxlaw-2830	807	22	securities	security	NOUN
taxlaw-2830	807	23	.	.	PUNCT
taxlaw-2830	808	1	see	see	VERB
taxlaw-2830	808	2	i.r.c	i.r.c	NOUN
taxlaw-2830	808	3	.	.	PUNCT
taxlaw-2830	809	1	§	§	PROPN
taxlaw-2830	809	2	§	§	PROPN
taxlaw-2830	809	3	856(c)(4)(b)(i)-(iii	856(c)(4)(b)(i)-(iii	NUM
taxlaw-2830	809	4	)	)	PUNCT
taxlaw-2830	809	5	(	(	PUNCT
taxlaw-2830	809	6	2012	2012	NUM
taxlaw-2830	809	7	)	)	PUNCT
taxlaw-2830	809	8	.	.	PUNCT
taxlaw-2830	810	1	however	however	ADV
taxlaw-2830	810	2	,	,	PUNCT
taxlaw-2830	810	3	there	there	PRON
taxlaw-2830	810	4	are	be	VERB
taxlaw-2830	810	5	no	no	DET
taxlaw-2830	810	6	comparable	comparable	ADJ
taxlaw-2830	810	7	requirements	requirement	NOUN
taxlaw-2830	810	8	related	relate	VERB
taxlaw-2830	810	9	to	to	ADP
taxlaw-2830	810	10	a	a	DET
taxlaw-2830	810	11	reit‘s	reit‘s	NOUN
taxlaw-2830	810	12	real	real	ADJ
taxlaw-2830	810	13	estate	estate	NOUN
taxlaw-2830	810	14	holdings	holding	NOUN
taxlaw-2830	810	15	.	.	PUNCT
taxlaw-2830	811	1	as	as	ADP
taxlaw-2830	811	2	an	an	DET
taxlaw-2830	811	3	alternative	alternative	NOUN
taxlaw-2830	811	4	to	to	ADP
taxlaw-2830	811	5	adopting	adopt	VERB
taxlaw-2830	811	6	the	the	DET
taxlaw-2830	811	7	reforms	reform	NOUN
taxlaw-2830	811	8	proposed	propose	VERB
taxlaw-2830	811	9	by	by	ADP
taxlaw-2830	811	10	this	this	DET
taxlaw-2830	811	11	article	article	NOUN
taxlaw-2830	811	12	that	that	PRON
taxlaw-2830	811	13	would	would	AUX
taxlaw-2830	811	14	effectively	effectively	ADV
taxlaw-2830	811	15	preclude	preclude	VERB
taxlaw-2830	811	16	publicly	publicly	ADV
taxlaw-2830	811	17	traded	trade	VERB
taxlaw-2830	811	18	entities	entity	NOUN
taxlaw-2830	811	19	from	from	ADP
taxlaw-2830	811	20	qualifying	qualify	VERB
taxlaw-2830	811	21	as	as	ADP
taxlaw-2830	811	22	reits	reit	NOUN
taxlaw-2830	811	23	,	,	PUNCT
taxlaw-2830	811	24	the	the	DET
taxlaw-2830	811	25	reit	reit	NOUN
taxlaw-2830	811	26	rules	rule	NOUN
taxlaw-2830	811	27	could	could	AUX
taxlaw-2830	811	28	be	be	AUX
taxlaw-2830	811	29	reformed	reform	VERB
taxlaw-2830	811	30	to	to	PART
taxlaw-2830	811	31	better	well	ADV
taxlaw-2830	811	32	ensure	ensure	VERB
taxlaw-2830	811	33	that	that	SCONJ
taxlaw-2830	811	34	they	they	PRON
taxlaw-2830	811	35	serve	serve	VERB
taxlaw-2830	811	36	the	the	DET
taxlaw-2830	811	37	purpose	purpose	NOUN
taxlaw-2830	811	38	of	of	ADP
taxlaw-2830	811	39	facilitating	facilitate	VERB
taxlaw-2830	811	40	diversification	diversification	NOUN
taxlaw-2830	811	41	.	.	PUNCT
taxlaw-2830	812	1	for	for	ADP
taxlaw-2830	812	2	instance	instance	NOUN
taxlaw-2830	812	3	,	,	PUNCT
taxlaw-2830	812	4	2015	2015	NUM
taxlaw-2830	812	5	]	]	PUNCT
taxlaw-2830	812	6	taxing	tax	VERB
taxlaw-2830	812	7	publicly	publicly	ADV
taxlaw-2830	812	8	traded	trade	VERB
taxlaw-2830	812	9	entities	entity	NOUN
taxlaw-2830	812	10	175	175	NUM
taxlaw-2830	812	11	stated	state	VERB
taxlaw-2830	812	12	differently	differently	ADV
taxlaw-2830	812	13	,	,	PUNCT
taxlaw-2830	812	14	unless	unless	SCONJ
taxlaw-2830	812	15	the	the	DET
taxlaw-2830	812	16	underlying	underlie	VERB
taxlaw-2830	812	17	asset	asset	NOUN
taxlaw-2830	812	18	owned	own	VERB
taxlaw-2830	812	19	by	by	ADP
taxlaw-2830	812	20	a	a	DET
taxlaw-2830	812	21	publicly	publicly	ADV
taxlaw-2830	812	22	traded	trade	VERB
taxlaw-2830	812	23	entity	entity	NOUN
taxlaw-2830	812	24	is	be	AUX
taxlaw-2830	812	25	,	,	PUNCT
taxlaw-2830	812	26	itself	itself	PRON
taxlaw-2830	812	27	,	,	PUNCT
taxlaw-2830	812	28	publicly	publicly	ADV
taxlaw-2830	812	29	traded	trade	VERB
taxlaw-2830	812	30	,	,	PUNCT
taxlaw-2830	812	31	individuals	individual	NOUN
taxlaw-2830	812	32	who	who	PRON
taxlaw-2830	812	33	invest	invest	VERB
taxlaw-2830	812	34	small	small	ADJ
taxlaw-2830	812	35	amounts	amount	NOUN
taxlaw-2830	812	36	in	in	ADP
taxlaw-2830	812	37	the	the	DET
taxlaw-2830	812	38	publicly	publicly	ADV
taxlaw-2830	812	39	traded	trade	VERB
taxlaw-2830	812	40	entity	entity	NOUN
taxlaw-2830	812	41	lack	lack	VERB
taxlaw-2830	812	42	the	the	DET
taxlaw-2830	812	43	financial	financial	ADJ
taxlaw-2830	812	44	resources	resource	NOUN
taxlaw-2830	812	45	to	to	PART
taxlaw-2830	812	46	obtain	obtain	VERB
taxlaw-2830	812	47	a	a	DET
taxlaw-2830	812	48	direct	direct	ADJ
taxlaw-2830	812	49	interest	interest	NOUN
taxlaw-2830	812	50	in	in	ADP
taxlaw-2830	812	51	the	the	DET
taxlaw-2830	812	52	underlying	underlie	VERB
taxlaw-2830	812	53	asset	asset	NOUN
taxlaw-2830	812	54	and	and	CCONJ
taxlaw-2830	812	55	,	,	PUNCT
taxlaw-2830	812	56	therefore	therefore	ADV
taxlaw-2830	812	57	,	,	PUNCT
taxlaw-2830	812	58	lack	lack	VERB
taxlaw-2830	812	59	the	the	DET
taxlaw-2830	812	60	ability	ability	NOUN
taxlaw-2830	812	61	to	to	PART
taxlaw-2830	812	62	directly	directly	ADV
taxlaw-2830	812	63	earn	earn	VERB
taxlaw-2830	812	64	the	the	DET
taxlaw-2830	812	65	resulting	result	VERB
taxlaw-2830	812	66	income	income	NOUN
taxlaw-2830	812	67	.	.	PUNCT
taxlaw-2830	813	1	likewise	likewise	ADV
taxlaw-2830	813	2	,	,	PUNCT
taxlaw-2830	813	3	individuals	individual	NOUN
taxlaw-2830	813	4	who	who	PRON
taxlaw-2830	813	5	invest	invest	VERB
taxlaw-2830	813	6	small	small	ADJ
taxlaw-2830	813	7	amounts	amount	NOUN
taxlaw-2830	813	8	in	in	ADP
taxlaw-2830	813	9	a	a	DET
taxlaw-2830	813	10	publicly	publicly	ADV
taxlaw-2830	813	11	traded	trade	VERB
taxlaw-2830	813	12	partnership	partnership	NOUN
taxlaw-2830	813	13	that	that	PRON
taxlaw-2830	813	14	is	be	AUX
taxlaw-2830	813	15	entitled	entitle	VERB
taxlaw-2830	813	16	to	to	ADP
taxlaw-2830	813	17	a	a	DET
taxlaw-2830	813	18	portion	portion	NOUN
taxlaw-2830	813	19	of	of	ADP
taxlaw-2830	813	20	the	the	DET
taxlaw-2830	813	21	carried	carry	VERB
taxlaw-2830	813	22	interest	interest	NOUN
taxlaw-2830	813	23	earned	earn	VERB
taxlaw-2830	813	24	by	by	ADP
taxlaw-2830	813	25	a	a	DET
taxlaw-2830	813	26	private	private	ADJ
taxlaw-2830	813	27	equity	equity	NOUN
taxlaw-2830	813	28	fund	fund	NOUN
taxlaw-2830	813	29	sponsor	sponsor	NOUN
taxlaw-2830	813	30	are	be	AUX
taxlaw-2830	813	31	not	not	PART
taxlaw-2830	813	32	able	able	ADJ
taxlaw-2830	813	33	to	to	PART
taxlaw-2830	813	34	acquire	acquire	VERB
taxlaw-2830	813	35	,	,	PUNCT
taxlaw-2830	813	36	directly	directly	ADV
taxlaw-2830	813	37	,	,	PUNCT
taxlaw-2830	813	38	rights	right	NOUN
taxlaw-2830	813	39	to	to	PART
taxlaw-2830	813	40	carried	carry	VERB
taxlaw-2830	813	41	interest	interest	NOUN
taxlaw-2830	813	42	.	.	PUNCT
taxlaw-2830	814	1	restricting	restrict	VERB
taxlaw-2830	814	2	the	the	DET
taxlaw-2830	814	3	definition	definition	NOUN
taxlaw-2830	814	4	of	of	ADP
taxlaw-2830	814	5	qualifying	qualify	VERB
taxlaw-2830	814	6	income	income	NOUN
taxlaw-2830	814	7	in	in	ADP
taxlaw-2830	814	8	the	the	DET
taxlaw-2830	814	9	manner	manner	NOUN
taxlaw-2830	814	10	proposed	propose	VERB
taxlaw-2830	814	11	by	by	ADP
taxlaw-2830	814	12	this	this	DET
taxlaw-2830	814	13	article	article	NOUN
taxlaw-2830	814	14	is	be	AUX
taxlaw-2830	814	15	also	also	ADV
taxlaw-2830	814	16	consistent	consistent	ADJ
taxlaw-2830	814	17	with	with	ADP
taxlaw-2830	814	18	the	the	DET
taxlaw-2830	814	19	idea	idea	NOUN
taxlaw-2830	814	20	that	that	SCONJ
taxlaw-2830	814	21	corporate	corporate	ADJ
taxlaw-2830	814	22	tax	tax	NOUN
taxlaw-2830	814	23	is	be	AUX
taxlaw-2830	814	24	imposed	impose	VERB
taxlaw-2830	814	25	on	on	ADP
taxlaw-2830	814	26	publicly	publicly	ADV
taxlaw-2830	814	27	traded	trade	VERB
taxlaw-2830	814	28	entities	entity	NOUN
taxlaw-2830	814	29	because	because	SCONJ
taxlaw-2830	814	30	taxpayers	taxpayer	NOUN
taxlaw-2830	814	31	,	,	PUNCT
taxlaw-2830	814	32	for	for	ADP
taxlaw-2830	814	33	non	non	ADJ
taxlaw-2830	814	34	-	-	ADJ
taxlaw-2830	814	35	tax	tax	ADJ
taxlaw-2830	814	36	reasons	reason	NOUN
taxlaw-2830	814	37	,	,	PUNCT
taxlaw-2830	814	38	can	can	AUX
taxlaw-2830	814	39	not	not	PART
taxlaw-2830	814	40	easily	easily	ADV
taxlaw-2830	814	41	relinquish	relinquish	VERB
taxlaw-2830	814	42	public	public	ADJ
taxlaw-2830	814	43	trading	trading	NOUN
taxlaw-2830	814	44	given	give	VERB
taxlaw-2830	814	45	that	that	SCONJ
taxlaw-2830	814	46	liquidity	liquidity	NOUN
taxlaw-2830	814	47	has	have	AUX
taxlaw-2830	814	48	value	value	NOUN
taxlaw-2830	814	49	.	.	PUNCT
taxlaw-2830	815	1	132	132	NUM
taxlaw-2830	815	2	in	in	ADP
taxlaw-2830	815	3	particular	particular	ADJ
taxlaw-2830	815	4	,	,	PUNCT
taxlaw-2830	815	5	if	if	SCONJ
taxlaw-2830	815	6	a	a	DET
taxlaw-2830	815	7	publicly	publicly	ADV
taxlaw-2830	815	8	traded	trade	VERB
taxlaw-2830	815	9	entity	entity	NOUN
taxlaw-2830	815	10	earns	earn	VERB
taxlaw-2830	815	11	income	income	NOUN
taxlaw-2830	815	12	from	from	ADP
taxlaw-2830	815	13	holding	hold	VERB
taxlaw-2830	815	14	a	a	DET
taxlaw-2830	815	15	publicly	publicly	ADV
taxlaw-2830	815	16	traded	trade	VERB
taxlaw-2830	815	17	asset	asset	NOUN
taxlaw-2830	815	18	,	,	PUNCT
taxlaw-2830	815	19	then	then	ADV
taxlaw-2830	815	20	the	the	DET
taxlaw-2830	815	21	publicly	publicly	ADV
taxlaw-2830	815	22	traded	trade	VERB
taxlaw-2830	815	23	entity	entity	NOUN
taxlaw-2830	815	24	does	do	AUX
taxlaw-2830	815	25	not	not	PART
taxlaw-2830	815	26	add	add	VERB
taxlaw-2830	815	27	any	any	DET
taxlaw-2830	815	28	value	value	NOUN
taxlaw-2830	815	29	by	by	ADP
taxlaw-2830	815	30	providing	provide	VERB
taxlaw-2830	815	31	liquidity	liquidity	NOUN
taxlaw-2830	815	32	with	with	ADP
taxlaw-2830	815	33	respect	respect	NOUN
taxlaw-2830	815	34	to	to	ADP
taxlaw-2830	815	35	that	that	DET
taxlaw-2830	815	36	asset	asset	NOUN
taxlaw-2830	815	37	;	;	PUNCT
taxlaw-2830	815	38	owners	owner	NOUN
taxlaw-2830	815	39	of	of	ADP
taxlaw-2830	815	40	the	the	DET
taxlaw-2830	815	41	publicly	publicly	ADV
taxlaw-2830	815	42	traded	trade	VERB
taxlaw-2830	815	43	entity	entity	NOUN
taxlaw-2830	815	44	can	can	AUX
taxlaw-2830	815	45	already	already	ADV
taxlaw-2830	815	46	hold	hold	VERB
taxlaw-2830	815	47	liquid	liquid	ADJ
taxlaw-2830	815	48	interests	interest	NOUN
taxlaw-2830	815	49	in	in	ADP
taxlaw-2830	815	50	the	the	DET
taxlaw-2830	815	51	asset	asset	NOUN
taxlaw-2830	815	52	directly	directly	ADV
taxlaw-2830	815	53	.	.	PUNCT
taxlaw-2830	816	1	if	if	SCONJ
taxlaw-2830	816	2	the	the	DET
taxlaw-2830	816	3	publicly	publicly	ADV
taxlaw-2830	816	4	traded	trade	VERB
taxlaw-2830	816	5	entity	entity	NOUN
taxlaw-2830	816	6	were	be	AUX
taxlaw-2830	816	7	subject	subject	ADJ
taxlaw-2830	816	8	to	to	ADP
taxlaw-2830	816	9	entity	entity	NOUN
taxlaw-2830	816	10	-	-	PUNCT
taxlaw-2830	816	11	level	level	NOUN
taxlaw-2830	816	12	tax	tax	NOUN
taxlaw-2830	816	13	on	on	ADP
taxlaw-2830	816	14	income	income	NOUN
taxlaw-2830	816	15	earned	earn	VERB
taxlaw-2830	816	16	from	from	ADP
taxlaw-2830	816	17	holding	hold	VERB
taxlaw-2830	816	18	such	such	DET
taxlaw-2830	816	19	an	an	DET
taxlaw-2830	816	20	asset	asset	NOUN
taxlaw-2830	816	21	,	,	PUNCT
taxlaw-2830	816	22	owners	owner	NOUN
taxlaw-2830	816	23	of	of	ADP
taxlaw-2830	816	24	the	the	DET
taxlaw-2830	816	25	publicly	publicly	ADV
taxlaw-2830	816	26	traded	trade	VERB
taxlaw-2830	816	27	entity	entity	NOUN
taxlaw-2830	816	28	could	could	AUX
taxlaw-2830	816	29	avoid	avoid	VERB
taxlaw-2830	816	30	the	the	DET
taxlaw-2830	816	31	entity	entity	NOUN
taxlaw-2830	816	32	-	-	PUNCT
taxlaw-2830	816	33	level	level	NOUN
taxlaw-2830	816	34	tax	tax	NOUN
taxlaw-2830	816	35	by	by	ADP
taxlaw-2830	816	36	simply	simply	ADV
taxlaw-2830	816	37	holding	hold	VERB
taxlaw-2830	816	38	the	the	DET
taxlaw-2830	816	39	asset	asset	NOUN
taxlaw-2830	816	40	directly	directly	ADV
taxlaw-2830	816	41	.	.	PUNCT
taxlaw-2830	817	1	in	in	ADP
taxlaw-2830	817	2	other	other	ADJ
taxlaw-2830	817	3	words	word	NOUN
taxlaw-2830	817	4	,	,	PUNCT
taxlaw-2830	817	5	because	because	SCONJ
taxlaw-2830	817	6	the	the	DET
taxlaw-2830	817	7	entity	entity	NOUN
taxlaw-2830	817	8	is	be	AUX
taxlaw-2830	817	9	not	not	PART
taxlaw-2830	817	10	providing	provide	VERB
taxlaw-2830	817	11	liquidity	liquidity	NOUN
taxlaw-2830	817	12	in	in	ADP
taxlaw-2830	817	13	any	any	DET
taxlaw-2830	817	14	meaningful	meaningful	ADJ
taxlaw-2830	817	15	sense	sense	NOUN
taxlaw-2830	817	16	,	,	PUNCT
taxlaw-2830	817	17	its	its	PRON
taxlaw-2830	817	18	owners	owner	NOUN
taxlaw-2830	817	19	might	might	AUX
taxlaw-2830	817	20	hold	hold	VERB
taxlaw-2830	817	21	direct	direct	ADJ
taxlaw-2830	817	22	interests	interest	NOUN
taxlaw-2830	817	23	in	in	ADP
taxlaw-2830	817	24	its	its	PRON
taxlaw-2830	817	25	underlying	underlie	VERB
taxlaw-2830	817	26	assets	asset	NOUN
taxlaw-2830	817	27	in	in	ADP
taxlaw-2830	817	28	order	order	NOUN
taxlaw-2830	817	29	to	to	PART
taxlaw-2830	817	30	avoid	avoid	VERB
taxlaw-2830	817	31	corporate	corporate	ADJ
taxlaw-2830	817	32	-	-	PUNCT
taxlaw-2830	817	33	level	level	NOUN
taxlaw-2830	817	34	tax	tax	NOUN
taxlaw-2830	817	35	.	.	PUNCT
taxlaw-2830	818	1	by	by	ADP
taxlaw-2830	818	2	contrast	contrast	NOUN
taxlaw-2830	818	3	,	,	PUNCT
taxlaw-2830	818	4	if	if	SCONJ
taxlaw-2830	818	5	a	a	DET
taxlaw-2830	818	6	publicly	publicly	ADV
taxlaw-2830	818	7	traded	trade	VERB
taxlaw-2830	818	8	entity	entity	NOUN
taxlaw-2830	818	9	earns	earn	VERB
taxlaw-2830	818	10	income	income	NOUN
taxlaw-2830	818	11	from	from	ADP
taxlaw-2830	818	12	holding	hold	VERB
taxlaw-2830	818	13	a	a	DET
taxlaw-2830	818	14	non	non	ADJ
taxlaw-2830	818	15	-	-	ADJ
taxlaw-2830	818	16	publicly	publicly	ADV
taxlaw-2830	818	17	traded	trade	VERB
taxlaw-2830	818	18	asset	asset	NOUN
taxlaw-2830	818	19	,	,	PUNCT
taxlaw-2830	818	20	then	then	ADV
taxlaw-2830	818	21	the	the	DET
taxlaw-2830	818	22	entity	entity	NOUN
taxlaw-2830	818	23	is	be	AUX
taxlaw-2830	818	24	adding	add	VERB
taxlaw-2830	818	25	value	value	NOUN
taxlaw-2830	818	26	by	by	ADP
taxlaw-2830	818	27	providing	provide	VERB
taxlaw-2830	818	28	liquidity	liquidity	NOUN
taxlaw-2830	818	29	that	that	PRON
taxlaw-2830	818	30	could	could	AUX
taxlaw-2830	818	31	not	not	PART
taxlaw-2830	818	32	already	already	ADV
taxlaw-2830	818	33	be	be	AUX
taxlaw-2830	818	34	obtained	obtain	VERB
taxlaw-2830	818	35	by	by	ADP
taxlaw-2830	818	36	holding	hold	VERB
taxlaw-2830	818	37	the	the	DET
taxlaw-2830	818	38	asset	asset	NOUN
taxlaw-2830	818	39	directly	directly	ADV
taxlaw-2830	818	40	.	.	PUNCT
taxlaw-2830	819	1	in	in	ADP
taxlaw-2830	819	2	that	that	DET
taxlaw-2830	819	3	case	case	NOUN
taxlaw-2830	819	4	,	,	PUNCT
taxlaw-2830	819	5	imposing	impose	VERB
taxlaw-2830	819	6	entity	entity	NOUN
taxlaw-2830	819	7	-	-	PUNCT
taxlaw-2830	819	8	level	level	NOUN
taxlaw-2830	819	9	tax	tax	NOUN
taxlaw-2830	819	10	upon	upon	SCONJ
taxlaw-2830	819	11	the	the	DET
taxlaw-2830	819	12	entity	entity	NOUN
taxlaw-2830	819	13	would	would	AUX
taxlaw-2830	819	14	be	be	AUX
taxlaw-2830	819	15	less	less	ADV
taxlaw-2830	819	16	likely	likely	ADJ
taxlaw-2830	819	17	to	to	PART
taxlaw-2830	819	18	induce	induce	VERB
taxlaw-2830	819	19	its	its	PRON
taxlaw-2830	819	20	owners	owner	NOUN
taxlaw-2830	819	21	to	to	PART
taxlaw-2830	819	22	no	no	ADV
taxlaw-2830	819	23	longer	long	ADV
taxlaw-2830	819	24	hold	hold	VERB
taxlaw-2830	819	25	interests	interest	NOUN
taxlaw-2830	819	26	in	in	ADP
taxlaw-2830	819	27	the	the	DET
taxlaw-2830	819	28	entity	entity	NOUN
taxlaw-2830	819	29	.	.	PUNCT
taxlaw-2830	820	1	adopting	adopt	VERB
taxlaw-2830	820	2	the	the	DET
taxlaw-2830	820	3	proposed	propose	VERB
taxlaw-2830	820	4	,	,	PUNCT
taxlaw-2830	820	5	restricted	restrict	VERB
taxlaw-2830	820	6	definition	definition	NOUN
taxlaw-2830	820	7	of	of	ADP
taxlaw-2830	820	8	qualifying	qualify	VERB
taxlaw-2830	820	9	income	income	NOUN
taxlaw-2830	820	10	would	would	AUX
taxlaw-2830	820	11	cause	cause	VERB
taxlaw-2830	820	12	a	a	DET
taxlaw-2830	820	13	loss	loss	NOUN
taxlaw-2830	820	14	of	of	ADP
taxlaw-2830	820	15	exemption	exemption	NOUN
taxlaw-2830	820	16	from	from	ADP
taxlaw-2830	820	17	the	the	DET
taxlaw-2830	820	18	corporate	corporate	ADJ
taxlaw-2830	820	19	tax	tax	NOUN
taxlaw-2830	820	20	system	system	NOUN
taxlaw-2830	820	21	for	for	ADP
taxlaw-2830	820	22	many	many	ADJ
taxlaw-2830	820	23	publicly	publicly	ADV
taxlaw-2830	820	24	traded	trade	VERB
taxlaw-2830	820	25	entities	entity	NOUN
taxlaw-2830	820	26	.	.	PUNCT
taxlaw-2830	821	1	133	133	NUM
taxlaw-2830	821	2	for	for	ADP
taxlaw-2830	821	3	instance	instance	NOUN
taxlaw-2830	821	4	,	,	PUNCT
taxlaw-2830	821	5	publicly	publicly	ADV
taxlaw-2830	821	6	traded	trade	VERB
taxlaw-2830	821	7	partnerships	partnership	NOUN
taxlaw-2830	821	8	that	that	PRON
taxlaw-2830	821	9	earn	earn	VERB
taxlaw-2830	821	10	income	income	NOUN
taxlaw-2830	821	11	primarily	primarily	ADV
taxlaw-2830	821	12	from	from	ADP
taxlaw-2830	821	13	energy	energy	NOUN
taxlaw-2830	821	14	-	-	PUNCT
taxlaw-2830	821	15	related	relate	VERB
taxlaw-2830	821	16	activities	activity	NOUN
taxlaw-2830	821	17	,	,	PUNCT
taxlaw-2830	821	18	mining	mining	NOUN
taxlaw-2830	821	19	,	,	PUNCT
taxlaw-2830	821	20	or	or	CCONJ
taxlaw-2830	821	21	real	real	ADJ
taxlaw-2830	821	22	estate	estate	NOUN
taxlaw-2830	821	23	would	would	AUX
taxlaw-2830	821	24	no	no	ADV
taxlaw-2830	821	25	longer	long	ADV
taxlaw-2830	821	26	qualify	qualify	VERB
taxlaw-2830	821	27	for	for	ADP
taxlaw-2830	821	28	exemption	exemption	NOUN
taxlaw-2830	821	29	fr	fr	NOUN
taxlaw-2830	821	30	om	om	PROPN
taxlaw-2830	821	31	corporatelevel	corporatelevel	NOUN
taxlaw-2830	821	32	tax	tax	NOUN
taxlaw-2830	821	33	.	.	PUNCT
taxlaw-2830	822	1	in	in	ADP
taxlaw-2830	822	2	addition	addition	NOUN
taxlaw-2830	822	3	,	,	PUNCT
taxlaw-2830	822	4	most	most	ADJ
taxlaw-2830	822	5	entities	entity	NOUN
taxlaw-2830	822	6	that	that	PRON
taxlaw-2830	822	7	are	be	AUX
taxlaw-2830	822	8	currently	currently	ADV
taxlaw-2830	822	9	designated	designate	VERB
taxlaw-2830	822	10	as	as	SCONJ
taxlaw-2830	822	11	reits	reit	NOUN
taxlaw-2830	822	12	could	could	AUX
taxlaw-2830	822	13	no	no	ADV
taxlaw-2830	822	14	longer	long	ADV
taxlaw-2830	822	15	qualify	qualify	VERB
taxlaw-2830	822	16	for	for	ADP
taxlaw-2830	822	17	reit	reit	NOUN
taxlaw-2830	822	18	treatment	treatment	NOUN
taxlaw-2830	822	19	.	.	PUNCT
taxlaw-2830	823	1	furthermore	furthermore	ADV
taxlaw-2830	823	2	,	,	PUNCT
taxlaw-2830	823	3	the	the	DET
taxlaw-2830	823	4	new	new	ADJ
taxlaw-2830	823	5	definition	definition	NOUN
taxlaw-2830	823	6	of	of	ADP
taxlaw-2830	823	7	qualifying	qualify	VERB
taxlaw-2830	823	8	income	income	NOUN
taxlaw-2830	823	9	would	would	AUX
taxlaw-2830	823	10	have	have	VERB
taxlaw-2830	823	11	significant	significant	ADJ
taxlaw-2830	823	12	effects	effect	NOUN
taxlaw-2830	823	13	on	on	ADP
taxlaw-2830	823	14	publicly	publicly	ADV
taxlaw-2830	823	15	traded	trade	VERB
taxlaw-2830	823	16	partnerships	partnership	NOUN
taxlaw-2830	823	17	like	like	ADP
taxlaw-2830	823	18	blackstone	blackstone	NOUN
taxlaw-2830	823	19	group	group	PROPN
taxlaw-2830	823	20	l.p	l.p	PROPN
taxlaw-2830	823	21	.	.	PROPN
taxlaw-2830	823	22	,	,	PUNCT
taxlaw-2830	823	23	as	as	SCONJ
taxlaw-2830	823	24	discussed	discuss	VERB
taxlaw-2830	823	25	in	in	ADP
taxlaw-2830	823	26	more	more	ADJ
taxlaw-2830	823	27	detail	detail	NOUN
taxlaw-2830	823	28	in	in	ADP
taxlaw-2830	823	29	part	part	NOUN
taxlaw-2830	823	30	v.a	v.a	PROPN
taxlaw-2830	823	31	.	.	PROPN
taxlaw-2830	823	32	better	well	ADV
taxlaw-2830	823	33	aligning	align	VERB
taxlaw-2830	823	34	the	the	DET
taxlaw-2830	823	35	definition	definition	NOUN
taxlaw-2830	823	36	of	of	ADP
taxlaw-2830	823	37	qualifying	qualify	VERB
taxlaw-2830	823	38	income	income	NOUN
taxlaw-2830	823	39	with	with	ADP
taxlaw-2830	823	40	underlying	underlie	VERB
taxlaw-2830	823	41	policy	policy	NOUN
taxlaw-2830	823	42	goals	goal	NOUN
taxlaw-2830	823	43	addresses	address	VERB
taxlaw-2830	823	44	one	one	NUM
taxlaw-2830	823	45	of	of	ADP
taxlaw-2830	823	46	the	the	DET
taxlaw-2830	823	47	troubling	troubling	ADJ
taxlaw-2830	823	48	aspects	aspect	NOUN
taxlaw-2830	823	49	of	of	ADP
taxlaw-2830	823	50	the	the	DET
taxlaw-2830	823	51	current	current	ADJ
taxlaw-2830	823	52	tax	tax	NOUN
taxlaw-2830	823	53	rules	rule	NOUN
taxlaw-2830	823	54	applicable	applicable	ADJ
taxlaw-2830	823	55	to	to	PART
taxlaw-2830	823	56	publicly	publicly	ADV
taxlaw-2830	823	57	traded	trade	VERB
taxlaw-2830	823	58	entities	entity	NOUN
taxlaw-2830	823	59	--	--	PUNCT
taxlaw-2830	823	60	the	the	DET
taxlaw-2830	823	61	overly	overly	ADV
taxlaw-2830	823	62	broad	broad	ADJ
taxlaw-2830	823	63	scope	scope	NOUN
taxlaw-2830	823	64	of	of	ADP
taxlaw-2830	823	65	the	the	DET
taxlaw-2830	823	66	current	current	ADJ
taxlaw-2830	823	67	definition	definition	NOUN
taxlaw-2830	823	68	of	of	ADP
taxlaw-2830	823	69	qualifying	qualify	VERB
taxlaw-2830	823	70	income	income	NOUN
taxlaw-2830	823	71	.	.	PUNCT
taxlaw-2830	824	1	134	134	NUM
taxlaw-2830	824	2	this	this	DET
taxlaw-2830	824	3	part	part	NOUN
taxlaw-2830	824	4	will	will	AUX
taxlaw-2830	824	5	proceed	proceed	VERB
taxlaw-2830	824	6	by	by	ADP
taxlaw-2830	824	7	demonstrating	demonstrate	VERB
taxlaw-2830	824	8	that	that	SCONJ
taxlaw-2830	824	9	the	the	DET
taxlaw-2830	824	10	proposed	propose	VERB
taxlaw-2830	824	11	revision	revision	NOUN
taxlaw-2830	824	12	to	to	ADP
taxlaw-2830	824	13	the	the	DET
taxlaw-2830	824	14	definition	definition	NOUN
taxlaw-2830	824	15	of	of	ADP
taxlaw-2830	824	16	qualifying	qualify	VERB
taxlaw-2830	824	17	income	income	NOUN
taxlaw-2830	824	18	would	would	AUX
taxlaw-2830	824	19	also	also	ADV
taxlaw-2830	824	20	address	address	VERB
taxlaw-2830	824	21	an	an	DET
taxlaw-2830	824	22	additional	additional	ADJ
taxlaw-2830	824	23	troubling	troubling	ADJ
taxlaw-2830	824	24	aspect	aspect	NOUN
taxlaw-2830	824	25	of	of	ADP
taxlaw-2830	824	26	the	the	DET
taxlaw-2830	824	27	current	current	ADJ
taxlaw-2830	824	28	state	state	NOUN
taxlaw-2830	824	29	of	of	ADP
taxlaw-2830	824	30	the	the	DET
taxlaw-2830	824	31	law	law	NOUN
taxlaw-2830	824	32	by	by	ADP
taxlaw-2830	824	33	making	make	VERB
taxlaw-2830	824	34	the	the	DET
taxlaw-2830	824	35	rules	rule	NOUN
taxlaw-2830	824	36	less	less	ADV
taxlaw-2830	824	37	susceptible	susceptible	ADJ
taxlaw-2830	824	38	to	to	ADP
taxlaw-2830	824	39	manipulation	manipulation	NOUN
taxlaw-2830	824	40	by	by	ADP
taxlaw-2830	824	41	taxpayers	taxpayer	NOUN
taxlaw-2830	824	42	.	.	PUNCT
taxlaw-2830	825	1	finally	finally	ADV
taxlaw-2830	825	2	,	,	PUNCT
taxlaw-2830	825	3	this	this	DET
taxlaw-2830	825	4	part	part	NOUN
taxlaw-2830	825	5	will	will	AUX
taxlaw-2830	825	6	conclude	conclude	VERB
taxlaw-2830	825	7	with	with	ADP
taxlaw-2830	825	8	an	an	DET
taxlaw-2830	825	9	analysis	analysis	NOUN
taxlaw-2830	825	10	of	of	ADP
taxlaw-2830	825	11	whether	whether	SCONJ
taxlaw-2830	825	12	additional	additional	ADJ
taxlaw-2830	825	13	reform	reform	NOUN
taxlaw-2830	825	14	should	should	AUX
taxlaw-2830	825	15	be	be	AUX
taxlaw-2830	825	16	instituted	institute	VERB
taxlaw-2830	825	17	to	to	PART
taxlaw-2830	825	18	make	make	VERB
taxlaw-2830	825	19	the	the	DET
taxlaw-2830	825	20	rules	rule	NOUN
taxlaw-2830	825	21	less	less	ADV
taxlaw-2830	825	22	arbitrary	arbitrary	ADJ
taxlaw-2830	825	23	.	.	PUNCT
taxlaw-2830	826	1	reits	reit	NOUN
taxlaw-2830	826	2	could	could	AUX
taxlaw-2830	826	3	be	be	AUX
taxlaw-2830	826	4	subject	subject	ADJ
taxlaw-2830	826	5	to	to	ADP
taxlaw-2830	826	6	a	a	DET
taxlaw-2830	826	7	diversification	diversification	NOUN
taxlaw-2830	826	8	requirement	requirement	NOUN
taxlaw-2830	826	9	.	.	PUNCT
taxlaw-2830	827	1	furthermore	furthermore	ADV
taxlaw-2830	827	2	,	,	PUNCT
taxlaw-2830	827	3	some	some	PRON
taxlaw-2830	827	4	of	of	ADP
taxlaw-2830	827	5	the	the	DET
taxlaw-2830	827	6	recent	recent	ADJ
taxlaw-2830	827	7	expansions	expansion	NOUN
taxlaw-2830	827	8	in	in	ADP
taxlaw-2830	827	9	the	the	DET
taxlaw-2830	827	10	definitions	definition	NOUN
taxlaw-2830	827	11	of	of	ADP
taxlaw-2830	827	12	what	what	PRON
taxlaw-2830	827	13	constitutes	constitute	VERB
taxlaw-2830	827	14	qualifying	qualify	VERB
taxlaw-2830	827	15	income	income	NOUN
taxlaw-2830	827	16	for	for	ADP
taxlaw-2830	827	17	reit	reit	NOUN
taxlaw-2830	827	18	purposes	purpose	NOUN
taxlaw-2830	827	19	could	could	AUX
taxlaw-2830	827	20	be	be	AUX
taxlaw-2830	827	21	reversed	reverse	VERB
taxlaw-2830	827	22	.	.	PUNCT
taxlaw-2830	828	1	132	132	NUM
taxlaw-2830	828	2	for	for	ADP
taxlaw-2830	828	3	further	further	ADJ
taxlaw-2830	828	4	discussion	discussion	NOUN
taxlaw-2830	828	5	,	,	PUNCT
taxlaw-2830	828	6	see	see	VERB
taxlaw-2830	828	7	supra	supra	PROPN
taxlaw-2830	828	8	notes	note	VERB
taxlaw-2830	828	9	88	88	NUM
taxlaw-2830	828	10	-	-	SYM
taxlaw-2830	828	11	96	96	NUM
taxlaw-2830	828	12	and	and	CCONJ
taxlaw-2830	828	13	accompanying	accompany	VERB
taxlaw-2830	828	14	text	text	NOUN
taxlaw-2830	828	15	.	.	PUNCT
taxlaw-2830	829	1	133	133	NUM
taxlaw-2830	829	2	indeed	indeed	ADV
taxlaw-2830	829	3	,	,	PUNCT
taxlaw-2830	829	4	given	give	VERB
taxlaw-2830	829	5	that	that	SCONJ
taxlaw-2830	829	6	this	this	DET
taxlaw-2830	829	7	proposal	proposal	NOUN
taxlaw-2830	829	8	potentially	potentially	ADV
taxlaw-2830	829	9	allows	allow	VERB
taxlaw-2830	829	10	so	so	ADV
taxlaw-2830	829	11	few	few	ADJ
taxlaw-2830	829	12	publicly	publicly	ADV
taxlaw-2830	829	13	traded	trade	VERB
taxlaw-2830	829	14	entities	entity	NOUN
taxlaw-2830	829	15	to	to	PART
taxlaw-2830	829	16	maintain	maintain	VERB
taxlaw-2830	829	17	exemption	exemption	NOUN
taxlaw-2830	829	18	from	from	ADP
taxlaw-2830	829	19	corporate	corporate	ADJ
taxlaw-2830	829	20	-	-	PUNCT
taxlaw-2830	829	21	level	level	NOUN
taxlaw-2830	829	22	tax	tax	NOUN
taxlaw-2830	829	23	,	,	PUNCT
taxlaw-2830	829	24	administrative	administrative	ADJ
taxlaw-2830	829	25	convenience	convenience	NOUN
taxlaw-2830	829	26	might	might	AUX
taxlaw-2830	829	27	weigh	weigh	VERB
taxlaw-2830	829	28	in	in	ADP
taxlaw-2830	829	29	favor	favor	NOUN
taxlaw-2830	829	30	of	of	ADP
taxlaw-2830	829	31	simply	simply	ADV
taxlaw-2830	829	32	providing	provide	VERB
taxlaw-2830	829	33	that	that	SCONJ
taxlaw-2830	829	34	all	all	DET
taxlaw-2830	829	35	publicly	publicly	ADV
taxlaw-2830	829	36	traded	trade	VERB
taxlaw-2830	829	37	entities	entity	NOUN
taxlaw-2830	829	38	are	be	AUX
taxlaw-2830	829	39	subject	subject	ADJ
taxlaw-2830	829	40	to	to	ADP
taxlaw-2830	829	41	corporate	corporate	ADJ
taxlaw-2830	829	42	-	-	PUNCT
taxlaw-2830	829	43	level	level	NOUN
taxlaw-2830	829	44	tax	tax	NOUN
taxlaw-2830	829	45	unless	unless	SCONJ
taxlaw-2830	829	46	they	they	PRON
taxlaw-2830	829	47	qualify	qualify	VERB
taxlaw-2830	829	48	for	for	ADP
taxlaw-2830	829	49	exemption	exemption	NOUN
taxlaw-2830	829	50	under	under	ADP
taxlaw-2830	829	51	the	the	DET
taxlaw-2830	829	52	ric	ric	PROPN
taxlaw-2830	829	53	rules	rule	NOUN
taxlaw-2830	829	54	or	or	CCONJ
taxlaw-2830	829	55	other	other	ADJ
taxlaw-2830	829	56	regimes	regime	NOUN
taxlaw-2830	829	57	.	.	PUNCT
taxlaw-2830	830	1	any	any	DET
taxlaw-2830	830	2	entities	entity	NOUN
taxlaw-2830	830	3	that	that	PRON
taxlaw-2830	830	4	would	would	AUX
taxlaw-2830	830	5	have	have	AUX
taxlaw-2830	830	6	continued	continue	VERB
taxlaw-2830	830	7	to	to	PART
taxlaw-2830	830	8	receive	receive	VERB
taxlaw-2830	830	9	exemption	exemption	NOUN
taxlaw-2830	830	10	from	from	ADP
taxlaw-2830	830	11	corporatelevel	corporatelevel	ADJ
taxlaw-2830	830	12	tax	tax	NOUN
taxlaw-2830	830	13	under	under	ADP
taxlaw-2830	830	14	the	the	DET
taxlaw-2830	830	15	new	new	ADJ
taxlaw-2830	830	16	definition	definition	NOUN
taxlaw-2830	830	17	could	could	AUX
taxlaw-2830	830	18	,	,	PUNCT
taxlaw-2830	830	19	perhaps	perhaps	ADV
taxlaw-2830	830	20	,	,	PUNCT
taxlaw-2830	830	21	instead	instead	ADV
taxlaw-2830	830	22	be	be	AUX
taxlaw-2830	830	23	covered	cover	VERB
taxlaw-2830	830	24	by	by	ADP
taxlaw-2830	830	25	the	the	DET
taxlaw-2830	830	26	ric	ric	PROPN
taxlaw-2830	830	27	rules	rule	NOUN
taxlaw-2830	830	28	(	(	PUNCT
taxlaw-2830	830	29	or	or	CCONJ
taxlaw-2830	830	30	,	,	PUNCT
taxlaw-2830	830	31	more	more	ADV
taxlaw-2830	830	32	accurately	accurately	ADV
taxlaw-2830	830	33	,	,	PUNCT
taxlaw-2830	830	34	a	a	DET
taxlaw-2830	830	35	modified	modify	VERB
taxlaw-2830	830	36	version	version	NOUN
taxlaw-2830	830	37	of	of	ADP
taxlaw-2830	830	38	the	the	DET
taxlaw-2830	830	39	ric	ric	PROPN
taxlaw-2830	830	40	rules	rule	NOUN
taxlaw-2830	830	41	that	that	PRON
taxlaw-2830	830	42	would	would	AUX
taxlaw-2830	830	43	accommodate	accommodate	VERB
taxlaw-2830	830	44	the	the	DET
taxlaw-2830	830	45	entities	entity	NOUN
taxlaw-2830	830	46	)	)	PUNCT
taxlaw-2830	830	47	.	.	PUNCT
taxlaw-2830	831	1	134	134	NUM
taxlaw-2830	832	1	for	for	ADP
taxlaw-2830	832	2	discussion	discussion	NOUN
taxlaw-2830	832	3	of	of	ADP
taxlaw-2830	832	4	this	this	DET
taxlaw-2830	832	5	problem	problem	NOUN
taxlaw-2830	832	6	,	,	PUNCT
taxlaw-2830	832	7	see	see	VERB
taxlaw-2830	832	8	supra	supra	PROPN
taxlaw-2830	832	9	part	part	NOUN
taxlaw-2830	832	10	iv.a	iv.a	PROPN
taxlaw-2830	832	11	.	.	PUNCT
taxlaw-2830	833	1	columbia	columbia	PROPN
taxlaw-2830	833	2	journal	journal	PROPN
taxlaw-2830	833	3	of	of	ADP
taxlaw-2830	833	4	tax	tax	NOUN
taxlaw-2830	833	5	law	law	NOUN
taxlaw-2830	834	1	[	[	X
taxlaw-2830	834	2	vol.6:147	vol.6:147	PROPN
taxlaw-2830	834	3	176	176	NUM
taxlaw-2830	834	4	a.	a.	NOUN
taxlaw-2830	834	5	the	the	DET
taxlaw-2830	834	6	proposed	propose	VERB
taxlaw-2830	834	7	reforms	reform	NOUN
taxlaw-2830	834	8	better	well	ADV
taxlaw-2830	834	9	guard	guard	VERB
taxlaw-2830	834	10	against	against	ADP
taxlaw-2830	834	11	easy	easy	ADJ
taxlaw-2830	834	12	manipulation	manipulation	NOUN
taxlaw-2830	834	13	by	by	ADP
taxlaw-2830	834	14	taxpayers	taxpayer	NOUN
taxlaw-2830	834	15	under	under	ADP
taxlaw-2830	834	16	current	current	ADJ
taxlaw-2830	834	17	law	law	NOUN
taxlaw-2830	834	18	,	,	PUNCT
taxlaw-2830	834	19	if	if	SCONJ
taxlaw-2830	834	20	an	an	DET
taxlaw-2830	834	21	entity	entity	NOUN
taxlaw-2830	834	22	is	be	AUX
taxlaw-2830	834	23	willing	willing	ADJ
taxlaw-2830	834	24	to	to	PART
taxlaw-2830	834	25	engage	engage	VERB
taxlaw-2830	834	26	in	in	ADP
taxlaw-2830	834	27	elaborate	elaborate	ADJ
taxlaw-2830	834	28	tax	tax	NOUN
taxlaw-2830	834	29	structuring	structuring	NOUN
taxlaw-2830	834	30	,	,	PUNCT
taxlaw-2830	834	31	the	the	DET
taxlaw-2830	834	32	amounts	amount	NOUN
taxlaw-2830	834	33	of	of	ADP
taxlaw-2830	834	34	qualifying	qualifying	NOUN
taxlaw-2830	834	35	and	and	CCONJ
taxlaw-2830	834	36	non	non	ADJ
taxlaw-2830	834	37	-	-	ADJ
taxlaw-2830	834	38	qualifying	qualifying	ADJ
taxlaw-2830	834	39	income	income	NOUN
taxlaw-2830	834	40	earned	earn	VERB
taxlaw-2830	834	41	by	by	ADP
taxlaw-2830	834	42	the	the	DET
taxlaw-2830	834	43	entity	entity	NOUN
taxlaw-2830	834	44	are	be	AUX
taxlaw-2830	834	45	often	often	ADV
taxlaw-2830	834	46	within	within	ADP
taxlaw-2830	834	47	its	its	PRON
taxlaw-2830	834	48	control	control	NOUN
taxlaw-2830	834	49	because	because	SCONJ
taxlaw-2830	834	50	the	the	DET
taxlaw-2830	834	51	entity	entity	NOUN
taxlaw-2830	834	52	can	can	AUX
taxlaw-2830	834	53	convert	convert	VERB
taxlaw-2830	834	54	non	non	ADJ
taxlaw-2830	834	55	-	-	ADJ
taxlaw-2830	834	56	qualifying	qualifying	ADJ
taxlaw-2830	834	57	income	income	NOUN
taxlaw-2830	834	58	into	into	ADP
taxlaw-2830	834	59	qualifying	qualify	VERB
taxlaw-2830	834	60	income	income	NOUN
taxlaw-2830	834	61	by	by	ADP
taxlaw-2830	834	62	earning	earn	VERB
taxlaw-2830	834	63	the	the	DET
taxlaw-2830	834	64	income	income	NOUN
taxlaw-2830	834	65	through	through	ADP
taxlaw-2830	834	66	a	a	DET
taxlaw-2830	834	67	subsidiary	subsidiary	ADJ
taxlaw-2830	834	68	corporation	corporation	NOUN
taxlaw-2830	834	69	,	,	PUNCT
taxlaw-2830	834	70	or	or	CCONJ
taxlaw-2830	834	71	an	an	DET
taxlaw-2830	834	72	unrelated	unrelated	ADJ
taxlaw-2830	834	73	corporation	corporation	NOUN
taxlaw-2830	834	74	could	could	AUX
taxlaw-2830	834	75	earn	earn	VERB
taxlaw-2830	834	76	non	non	ADJ
taxlaw-2830	834	77	-	-	ADJ
taxlaw-2830	834	78	qualifying	qualifying	ADJ
taxlaw-2830	834	79	income	income	NOUN
taxlaw-2830	834	80	.	.	PUNCT
taxlaw-2830	835	1	this	this	DET
taxlaw-2830	835	2	technique	technique	NOUN
taxlaw-2830	835	3	is	be	AUX
taxlaw-2830	835	4	exemplified	exemplify	VERB
taxlaw-2830	835	5	by	by	ADP
taxlaw-2830	835	6	the	the	DET
taxlaw-2830	835	7	structure	structure	NOUN
taxlaw-2830	835	8	used	use	VERB
taxlaw-2830	835	9	by	by	ADP
taxlaw-2830	835	10	blackstone	blackstone	PROPN
taxlaw-2830	835	11	group	group	PROPN
taxlaw-2830	835	12	l.p	l.p	PROPN
taxlaw-2830	835	13	.	.	PROPN
taxlaw-2830	835	14	,	,	PUNCT
taxlaw-2830	835	15	discussed	discuss	VERB
taxlaw-2830	835	16	above	above	ADV
taxlaw-2830	835	17	.	.	PUNCT
taxlaw-2830	836	1	135	135	NUM
taxlaw-2830	836	2	under	under	ADP
taxlaw-2830	836	3	the	the	DET
taxlaw-2830	836	4	revised	revise	VERB
taxlaw-2830	836	5	definition	definition	NOUN
taxlaw-2830	836	6	of	of	ADP
taxlaw-2830	836	7	qualifying	qualify	VERB
taxlaw-2830	836	8	income	income	NOUN
taxlaw-2830	836	9	,	,	PUNCT
taxlaw-2830	836	10	taxpayer	taxpayer	NOUN
taxlaw-2830	836	11	manipulation	manipulation	NOUN
taxlaw-2830	836	12	would	would	AUX
taxlaw-2830	836	13	be	be	AUX
taxlaw-2830	836	14	less	less	ADV
taxlaw-2830	836	15	likely	likely	ADJ
taxlaw-2830	836	16	.	.	PUNCT
taxlaw-2830	837	1	consider	consider	VERB
taxlaw-2830	837	2	the	the	DET
taxlaw-2830	837	3	case	case	NOUN
taxlaw-2830	837	4	of	of	ADP
taxlaw-2830	837	5	blackstone	blackstone	NOUN
taxlaw-2830	837	6	group	group	PROPN
taxlaw-2830	837	7	l.p	l.p	PROPN
taxlaw-2830	837	8	.	.	PROPN
taxlaw-2830	838	1	under	under	ADP
taxlaw-2830	838	2	the	the	DET
taxlaw-2830	838	3	revised	revised	ADJ
taxlaw-2830	838	4	definition	definition	NOUN
taxlaw-2830	838	5	,	,	PUNCT
taxlaw-2830	838	6	all	all	PRON
taxlaw-2830	838	7	of	of	ADP
taxlaw-2830	838	8	the	the	DET
taxlaw-2830	838	9	carried	carry	VERB
taxlaw-2830	838	10	interest	interest	NOUN
taxlaw-2830	838	11	earned	earn	VERB
taxlaw-2830	838	12	by	by	ADP
taxlaw-2830	838	13	blackstone	blackstone	NOUN
taxlaw-2830	838	14	group	group	PROPN
taxlaw-2830	838	15	l.p	l.p	PROPN
taxlaw-2830	838	16	.	.	PROPN
taxlaw-2830	838	17	would	would	AUX
taxlaw-2830	838	18	become	become	VERB
taxlaw-2830	838	19	non	non	ADJ
taxlaw-2830	838	20	-	-	ADJ
taxlaw-2830	838	21	qualifying	qualifying	ADJ
taxlaw-2830	838	22	income	income	NOUN
taxlaw-2830	838	23	.	.	PUNCT
taxlaw-2830	839	1	once	once	ADV
taxlaw-2830	839	2	all	all	PRON
taxlaw-2830	839	3	of	of	ADP
taxlaw-2830	839	4	its	its	PRON
taxlaw-2830	839	5	income	income	NOUN
taxlaw-2830	839	6	is	be	AUX
taxlaw-2830	839	7	non	non	ADJ
taxlaw-2830	839	8	-	-	ADJ
taxlaw-2830	839	9	qualifying	qualifying	ADJ
taxlaw-2830	839	10	income	income	NOUN
taxlaw-2830	839	11	,	,	PUNCT
taxlaw-2830	839	12	blackstone	blackstone	NOUN
taxlaw-2830	839	13	group	group	PROPN
taxlaw-2830	839	14	l.p	l.p	PROPN
taxlaw-2830	839	15	.	.	PROPN
taxlaw-2830	839	16	can	can	AUX
taxlaw-2830	839	17	no	no	ADV
taxlaw-2830	839	18	longer	long	ADV
taxlaw-2830	839	19	benefit	benefit	VERB
taxlaw-2830	839	20	from	from	ADP
taxlaw-2830	839	21	the	the	DET
taxlaw-2830	839	22	tax	tax	NOUN
taxlaw-2830	839	23	structuring	structuring	NOUN
taxlaw-2830	839	24	currently	currently	ADV
taxlaw-2830	839	25	used	use	VERB
taxlaw-2830	839	26	.	.	PUNCT
taxlaw-2830	840	1	136	136	NUM
taxlaw-2830	840	2	consider	consider	VERB
taxlaw-2830	840	3	,	,	PUNCT
taxlaw-2830	840	4	instead	instead	ADV
taxlaw-2830	840	5	,	,	PUNCT
taxlaw-2830	840	6	the	the	DET
taxlaw-2830	840	7	case	case	NOUN
taxlaw-2830	840	8	of	of	ADP
taxlaw-2830	840	9	a	a	DET
taxlaw-2830	840	10	publicly	publicly	ADV
taxlaw-2830	840	11	traded	trade	VERB
taxlaw-2830	840	12	partnership	partnership	NOUN
taxlaw-2830	840	13	that	that	PRON
taxlaw-2830	840	14	invests	invest	VERB
taxlaw-2830	840	15	in	in	ADP
taxlaw-2830	840	16	publicly	publicly	ADV
taxlaw-2830	840	17	traded	trade	VERB
taxlaw-2830	840	18	securities	security	NOUN
taxlaw-2830	840	19	and	and	CCONJ
taxlaw-2830	840	20	privately	privately	ADV
taxlaw-2830	840	21	placed	place	VERB
taxlaw-2830	840	22	debt	debt	NOUN
taxlaw-2830	840	23	or	or	CCONJ
taxlaw-2830	840	24	equity	equity	NOUN
taxlaw-2830	840	25	securities	security	NOUN
taxlaw-2830	840	26	.	.	PUNCT
taxlaw-2830	841	1	under	under	ADP
taxlaw-2830	841	2	current	current	ADJ
taxlaw-2830	841	3	law	law	NOUN
taxlaw-2830	841	4	,	,	PUNCT
taxlaw-2830	841	5	this	this	DET
taxlaw-2830	841	6	entity	entity	NOUN
taxlaw-2830	841	7	can	can	AUX
taxlaw-2830	841	8	obtain	obtain	VERB
taxlaw-2830	841	9	exemption	exemption	NOUN
taxlaw-2830	841	10	from	from	ADP
taxlaw-2830	841	11	corporate	corporate	ADJ
taxlaw-2830	841	12	-	-	PUNCT
taxlaw-2830	841	13	level	level	NOUN
taxlaw-2830	841	14	tax	tax	NOUN
taxlaw-2830	841	15	.	.	PUNCT
taxlaw-2830	842	1	under	under	ADP
taxlaw-2830	842	2	the	the	DET
taxlaw-2830	842	3	proposed	propose	VERB
taxlaw-2830	842	4	reforms	reform	NOUN
taxlaw-2830	842	5	,	,	PUNCT
taxlaw-2830	842	6	the	the	DET
taxlaw-2830	842	7	income	income	NOUN
taxlaw-2830	842	8	earned	earn	VERB
taxlaw-2830	842	9	from	from	ADP
taxlaw-2830	842	10	privately	privately	ADV
taxlaw-2830	842	11	placed	place	VERB
taxlaw-2830	842	12	debt	debt	NOUN
taxlaw-2830	842	13	or	or	CCONJ
taxlaw-2830	842	14	equity	equity	NOUN
taxlaw-2830	842	15	securities	security	NOUN
taxlaw-2830	842	16	becomes	become	VERB
taxlaw-2830	842	17	nonqualifying	nonqualifye	VERB
taxlaw-2830	842	18	income	income	NOUN
taxlaw-2830	842	19	.	.	PUNCT
taxlaw-2830	843	1	137	137	NUM
taxlaw-2830	843	2	if	if	SCONJ
taxlaw-2830	843	3	this	this	DET
taxlaw-2830	843	4	income	income	NOUN
taxlaw-2830	843	5	is	be	AUX
taxlaw-2830	843	6	more	more	ADJ
taxlaw-2830	843	7	than	than	ADP
taxlaw-2830	843	8	an	an	DET
taxlaw-2830	843	9	insignificant	insignificant	ADJ
taxlaw-2830	843	10	portion	portion	NOUN
taxlaw-2830	843	11	of	of	ADP
taxlaw-2830	843	12	the	the	DET
taxlaw-2830	843	13	entity‘s	entity‘s	PROPN
taxlaw-2830	843	14	income	income	NOUN
taxlaw-2830	843	15	,	,	PUNCT
taxlaw-2830	843	16	the	the	DET
taxlaw-2830	843	17	entity	entity	NOUN
taxlaw-2830	843	18	will	will	AUX
taxlaw-2830	843	19	become	become	VERB
taxlaw-2830	843	20	subject	subject	ADJ
taxlaw-2830	843	21	to	to	ADP
taxlaw-2830	843	22	corporate	corporate	ADJ
taxlaw-2830	843	23	-	-	PUNCT
taxlaw-2830	843	24	level	level	NOUN
taxlaw-2830	843	25	tax	tax	NOUN
taxlaw-2830	843	26	.	.	PUNCT
taxlaw-2830	844	1	138	138	NUM
taxlaw-2830	844	2	135	135	NUM
taxlaw-2830	844	3	see	see	VERB
taxlaw-2830	844	4	supra	supra	PROPN
taxlaw-2830	844	5	part	part	NOUN
taxlaw-2830	844	6	ii.c	ii.c	VERB
taxlaw-2830	844	7	.	.	PUNCT
taxlaw-2830	845	1	136	136	NUM
taxlaw-2830	845	2	it	it	PRON
taxlaw-2830	845	3	is	be	AUX
taxlaw-2830	845	4	worth	worth	ADJ
taxlaw-2830	845	5	noting	note	VERB
taxlaw-2830	845	6	that	that	SCONJ
taxlaw-2830	845	7	the	the	DET
taxlaw-2830	845	8	proposed	propose	VERB
taxlaw-2830	845	9	reforms	reform	NOUN
taxlaw-2830	845	10	would	would	AUX
taxlaw-2830	845	11	affect	affect	VERB
taxlaw-2830	845	12	the	the	DET
taxlaw-2830	845	13	current	current	ADJ
taxlaw-2830	845	14	owners	owner	NOUN
taxlaw-2830	845	15	of	of	ADP
taxlaw-2830	845	16	blackstone	blackstone	NOUN
taxlaw-2830	845	17	group	group	PROPN
taxlaw-2830	845	18	l.p	l.p	PROPN
taxlaw-2830	845	19	.	.	PROPN
taxlaw-2830	845	20	and	and	CCONJ
taxlaw-2830	845	21	not	not	PART
taxlaw-2830	845	22	the	the	DET
taxlaw-2830	845	23	principals	principal	NOUN
taxlaw-2830	845	24	of	of	ADP
taxlaw-2830	845	25	the	the	DET
taxlaw-2830	845	26	blackstone	blackstone	NOUN
taxlaw-2830	845	27	firm	firm	NOUN
taxlaw-2830	845	28	who	who	PRON
taxlaw-2830	845	29	sold	sell	VERB
taxlaw-2830	845	30	their	their	PRON
taxlaw-2830	845	31	rights	right	NOUN
taxlaw-2830	845	32	to	to	PART
taxlaw-2830	845	33	carried	carry	VERB
taxlaw-2830	845	34	interest	interest	NOUN
taxlaw-2830	845	35	and	and	CCONJ
taxlaw-2830	845	36	management	management	NOUN
taxlaw-2830	845	37	fees	fee	NOUN
taxlaw-2830	845	38	in	in	ADP
taxlaw-2830	845	39	the	the	DET
taxlaw-2830	845	40	initial	initial	ADJ
taxlaw-2830	845	41	public	public	ADJ
taxlaw-2830	845	42	offering	offering	NOUN
taxlaw-2830	845	43	.	.	PUNCT
taxlaw-2830	846	1	however	however	ADV
taxlaw-2830	846	2	,	,	PUNCT
taxlaw-2830	846	3	the	the	DET
taxlaw-2830	846	4	proposed	propose	VERB
taxlaw-2830	846	5	reforms	reform	NOUN
taxlaw-2830	846	6	would	would	AUX
taxlaw-2830	846	7	also	also	ADV
taxlaw-2830	846	8	prevent	prevent	VERB
taxlaw-2830	846	9	similar	similar	ADJ
taxlaw-2830	846	10	private	private	ADJ
taxlaw-2830	846	11	equity	equity	NOUN
taxlaw-2830	846	12	firms	firm	NOUN
taxlaw-2830	846	13	from	from	ADP
taxlaw-2830	846	14	benefiting	benefit	VERB
taxlaw-2830	846	15	from	from	ADP
taxlaw-2830	846	16	the	the	DET
taxlaw-2830	846	17	use	use	NOUN
taxlaw-2830	846	18	of	of	ADP
taxlaw-2830	846	19	similar	similar	ADJ
taxlaw-2830	846	20	structures	structure	NOUN
taxlaw-2830	846	21	in	in	ADP
taxlaw-2830	846	22	connection	connection	NOUN
taxlaw-2830	846	23	with	with	ADP
taxlaw-2830	846	24	future	future	ADJ
taxlaw-2830	846	25	public	public	ADJ
taxlaw-2830	846	26	offerings	offering	NOUN
taxlaw-2830	846	27	.	.	PUNCT
taxlaw-2830	847	1	137	137	NUM
taxlaw-2830	847	2	capital	capital	NOUN
taxlaw-2830	847	3	gains	gain	NOUN
taxlaw-2830	847	4	from	from	ADP
taxlaw-2830	847	5	sale	sale	NOUN
taxlaw-2830	847	6	of	of	ADP
taxlaw-2830	847	7	stock	stock	NOUN
taxlaw-2830	847	8	in	in	ADP
taxlaw-2830	847	9	privately	privately	ADV
taxlaw-2830	847	10	held	hold	VERB
taxlaw-2830	847	11	portfolio	portfolio	NOUN
taxlaw-2830	847	12	companies	company	NOUN
taxlaw-2830	847	13	would	would	AUX
taxlaw-2830	847	14	be	be	AUX
taxlaw-2830	847	15	non	non	ADJ
taxlaw-2830	847	16	-	-	ADJ
taxlaw-2830	847	17	qualifying	qualifying	ADJ
taxlaw-2830	847	18	income	income	NOUN
taxlaw-2830	847	19	even	even	ADV
taxlaw-2830	847	20	if	if	SCONJ
taxlaw-2830	847	21	the	the	DET
taxlaw-2830	847	22	gain	gain	NOUN
taxlaw-2830	847	23	was	be	AUX
taxlaw-2830	847	24	recognized	recognize	VERB
taxlaw-2830	847	25	by	by	ADP
taxlaw-2830	847	26	taking	take	VERB
taxlaw-2830	847	27	the	the	DET
taxlaw-2830	847	28	portfolio	portfolio	NOUN
taxlaw-2830	847	29	company	company	NOUN
taxlaw-2830	847	30	public	public	ADJ
taxlaw-2830	847	31	.	.	PUNCT
taxlaw-2830	848	1	for	for	SCONJ
taxlaw-2830	848	2	the	the	DET
taxlaw-2830	848	3	income	income	NOUN
taxlaw-2830	848	4	to	to	PART
taxlaw-2830	848	5	constitute	constitute	VERB
taxlaw-2830	848	6	qualifying	qualify	VERB
taxlaw-2830	848	7	income	income	NOUN
taxlaw-2830	848	8	,	,	PUNCT
taxlaw-2830	848	9	the	the	DET
taxlaw-2830	848	10	asset	asset	NOUN
taxlaw-2830	848	11	generating	generate	VERB
taxlaw-2830	848	12	the	the	DET
taxlaw-2830	848	13	income	income	NOUN
taxlaw-2830	848	14	must	must	AUX
taxlaw-2830	848	15	have	have	AUX
taxlaw-2830	848	16	been	be	AUX
taxlaw-2830	848	17	publicly	publicly	ADV
taxlaw-2830	848	18	traded	trade	VERB
taxlaw-2830	848	19	during	during	ADP
taxlaw-2830	848	20	the	the	DET
taxlaw-2830	848	21	publicly	publicly	ADV
taxlaw-2830	848	22	traded	trade	VERB
taxlaw-2830	848	23	entity‘s	entity‘s	NOUN
taxlaw-2830	848	24	entire	entire	ADJ
taxlaw-2830	848	25	holding	hold	VERB
taxlaw-2830	848	26	period	period	NOUN
taxlaw-2830	848	27	.	.	PUNCT
taxlaw-2830	849	1	this	this	DET
taxlaw-2830	849	2	requirement	requirement	NOUN
taxlaw-2830	849	3	is	be	AUX
taxlaw-2830	849	4	warranted	warrant	VERB
taxlaw-2830	849	5	because	because	SCONJ
taxlaw-2830	849	6	only	only	ADV
taxlaw-2830	849	7	when	when	SCONJ
taxlaw-2830	849	8	this	this	DET
taxlaw-2830	849	9	requirement	requirement	NOUN
taxlaw-2830	849	10	is	be	AUX
taxlaw-2830	849	11	met	meet	VERB
taxlaw-2830	849	12	could	could	AUX
taxlaw-2830	849	13	owners	owner	NOUN
taxlaw-2830	849	14	of	of	ADP
taxlaw-2830	849	15	the	the	DET
taxlaw-2830	849	16	publicly	publicly	ADV
taxlaw-2830	849	17	traded	trade	VERB
taxlaw-2830	849	18	entity	entity	NOUN
taxlaw-2830	849	19	have	have	AUX
taxlaw-2830	849	20	made	make	VERB
taxlaw-2830	849	21	the	the	DET
taxlaw-2830	849	22	same	same	ADJ
taxlaw-2830	849	23	investment	investment	NOUN
taxlaw-2830	849	24	and	and	CCONJ
taxlaw-2830	849	25	earned	earn	VERB
taxlaw-2830	849	26	the	the	DET
taxlaw-2830	849	27	same	same	ADJ
taxlaw-2830	849	28	gains	gain	NOUN
taxlaw-2830	849	29	directly	directly	ADV
taxlaw-2830	849	30	.	.	PUNCT
taxlaw-2830	850	1	138	138	NUM
taxlaw-2830	850	2	this	this	DET
taxlaw-2830	850	3	result	result	NOUN
taxlaw-2830	850	4	is	be	AUX
taxlaw-2830	850	5	justified	justify	VERB
taxlaw-2830	850	6	because	because	SCONJ
taxlaw-2830	850	7	the	the	DET
taxlaw-2830	850	8	entity	entity	NOUN
taxlaw-2830	850	9	is	be	AUX
taxlaw-2830	850	10	providing	provide	VERB
taxlaw-2830	850	11	its	its	PRON
taxlaw-2830	850	12	owners	owner	NOUN
taxlaw-2830	850	13	with	with	ADP
taxlaw-2830	850	14	liquid	liquid	ADJ
taxlaw-2830	850	15	access	access	NOUN
taxlaw-2830	850	16	to	to	ADP
taxlaw-2830	850	17	otherwise	otherwise	ADV
taxlaw-2830	850	18	illiquid	illiquid	ADJ
taxlaw-2830	850	19	assets	asset	NOUN
taxlaw-2830	850	20	.	.	PUNCT
taxlaw-2830	851	1	in	in	ADP
taxlaw-2830	851	2	addition	addition	NOUN
taxlaw-2830	851	3	,	,	PUNCT
taxlaw-2830	851	4	given	give	VERB
taxlaw-2830	851	5	that	that	SCONJ
taxlaw-2830	851	6	many	many	ADJ
taxlaw-2830	851	7	of	of	ADP
taxlaw-2830	851	8	its	its	PRON
taxlaw-2830	851	9	assets	asset	NOUN
taxlaw-2830	851	10	are	be	AUX
taxlaw-2830	851	11	not	not	PART
taxlaw-2830	851	12	publicly	publicly	ADV
taxlaw-2830	851	13	traded	trade	VERB
taxlaw-2830	851	14	,	,	PUNCT
taxlaw-2830	851	15	owners	owner	NOUN
taxlaw-2830	851	16	of	of	ADP
taxlaw-2830	851	17	the	the	DET
taxlaw-2830	851	18	entity	entity	NOUN
taxlaw-2830	851	19	who	who	PRON
taxlaw-2830	851	20	may	may	AUX
taxlaw-2830	851	21	,	,	PUNCT
taxlaw-2830	851	22	individually	individually	ADV
taxlaw-2830	851	23	,	,	PUNCT
taxlaw-2830	851	24	invest	invest	VERB
taxlaw-2830	851	25	small	small	ADJ
taxlaw-2830	851	26	amounts	amount	NOUN
taxlaw-2830	851	27	could	could	AUX
taxlaw-2830	851	28	not	not	PART
taxlaw-2830	851	29	earn	earn	VERB
taxlaw-2830	851	30	the	the	DET
taxlaw-2830	851	31	income	income	NOUN
taxlaw-2830	851	32	directly	directly	ADV
taxlaw-2830	851	33	.	.	PUNCT
taxlaw-2830	852	1	therefore	therefore	ADV
taxlaw-2830	852	2	,	,	PUNCT
taxlaw-2830	852	3	imposition	imposition	NOUN
taxlaw-2830	852	4	of	of	ADP
taxlaw-2830	852	5	corporate	corporate	ADJ
taxlaw-2830	852	6	-	-	PUNCT
taxlaw-2830	852	7	level	level	NOUN
taxlaw-2830	852	8	tax	tax	NOUN
taxlaw-2830	852	9	is	be	AUX
taxlaw-2830	852	10	warranted	warrant	VERB
taxlaw-2830	852	11	.	.	PUNCT
taxlaw-2830	853	1	imposing	impose	VERB
taxlaw-2830	853	2	corporate	corporate	ADJ
taxlaw-2830	853	3	-	-	PUNCT
taxlaw-2830	853	4	level	level	NOUN
taxlaw-2830	853	5	tax	tax	NOUN
taxlaw-2830	853	6	in	in	ADP
taxlaw-2830	853	7	the	the	DET
taxlaw-2830	853	8	case	case	NOUN
taxlaw-2830	853	9	of	of	ADP
taxlaw-2830	853	10	equity	equity	NOUN
taxlaw-2830	853	11	securities	security	NOUN
taxlaw-2830	853	12	becomes	become	VERB
taxlaw-2830	853	13	potentially	potentially	ADV
taxlaw-2830	853	14	problematic	problematic	ADJ
taxlaw-2830	853	15	only	only	ADV
taxlaw-2830	853	16	if	if	SCONJ
taxlaw-2830	853	17	they	they	PRON
taxlaw-2830	853	18	represent	represent	VERB
taxlaw-2830	853	19	equity	equity	NOUN
taxlaw-2830	853	20	interests	interest	NOUN
taxlaw-2830	853	21	in	in	ADP
taxlaw-2830	853	22	entities	entity	NOUN
taxlaw-2830	853	23	treated	treat	VERB
taxlaw-2830	853	24	as	as	ADP
taxlaw-2830	853	25	corporations	corporation	NOUN
taxlaw-2830	853	26	for	for	ADP
taxlaw-2830	853	27	tax	tax	NOUN
taxlaw-2830	853	28	purposes	purpose	NOUN
taxlaw-2830	853	29	so	so	SCONJ
taxlaw-2830	853	30	that	that	SCONJ
taxlaw-2830	853	31	imposing	impose	VERB
taxlaw-2830	853	32	the	the	DET
taxlaw-2830	853	33	tax	tax	NOUN
taxlaw-2830	853	34	raises	raise	VERB
taxlaw-2830	853	35	the	the	DET
taxlaw-2830	853	36	possibility	possibility	NOUN
taxlaw-2830	853	37	of	of	ADP
taxlaw-2830	853	38	subjecting	subject	VERB
taxlaw-2830	853	39	the	the	DET
taxlaw-2830	853	40	same	same	ADJ
taxlaw-2830	853	41	income	income	NOUN
taxlaw-2830	853	42	to	to	ADP
taxlaw-2830	853	43	corporate	corporate	ADJ
taxlaw-2830	853	44	-	-	PUNCT
taxlaw-2830	853	45	level	level	NOUN
taxlaw-2830	853	46	tax	tax	NOUN
taxlaw-2830	853	47	more	more	ADJ
taxlaw-2830	853	48	than	than	ADP
taxlaw-2830	853	49	once	once	ADV
taxlaw-2830	853	50	.	.	PUNCT
taxlaw-2830	854	1	this	this	DET
taxlaw-2830	854	2	concern	concern	NOUN
taxlaw-2830	854	3	,	,	PUNCT
taxlaw-2830	854	4	however	however	ADV
taxlaw-2830	854	5	,	,	PUNCT
taxlaw-2830	854	6	is	be	AUX
taxlaw-2830	854	7	better	well	ADV
taxlaw-2830	854	8	addressed	address	VERB
taxlaw-2830	854	9	by	by	ADP
taxlaw-2830	854	10	means	mean	NOUN
taxlaw-2830	854	11	other	other	ADJ
taxlaw-2830	854	12	than	than	ADP
taxlaw-2830	854	13	treating	treat	VERB
taxlaw-2830	854	14	the	the	DET
taxlaw-2830	854	15	income	income	NOUN
taxlaw-2830	854	16	as	as	ADP
taxlaw-2830	854	17	qualifying	qualify	VERB
taxlaw-2830	854	18	income	income	NOUN
taxlaw-2830	854	19	.	.	PUNCT
taxlaw-2830	855	1	after	after	ADV
taxlaw-2830	855	2	all	all	ADV
taxlaw-2830	855	3	,	,	PUNCT
taxlaw-2830	855	4	treating	treat	VERB
taxlaw-2830	855	5	the	the	DET
taxlaw-2830	855	6	income	income	NOUN
taxlaw-2830	855	7	as	as	SCONJ
taxlaw-2830	855	8	qualify	qualify	VERB
taxlaw-2830	855	9	ing	ing	NOUN
taxlaw-2830	855	10	income	income	NOUN
taxlaw-2830	855	11	does	do	VERB
taxlaw-2830	855	12	nothing	nothing	PRON
taxlaw-2830	855	13	to	to	PART
taxlaw-2830	855	14	address	address	VERB
taxlaw-2830	855	15	the	the	DET
taxlaw-2830	855	16	concern	concern	NOUN
taxlaw-2830	855	17	unless	unless	SCONJ
taxlaw-2830	855	18	the	the	DET
taxlaw-2830	855	19	entity	entity	NOUN
taxlaw-2830	855	20	earning	earn	VERB
taxlaw-2830	855	21	the	the	DET
taxlaw-2830	855	22	income	income	NOUN
taxlaw-2830	855	23	earns	earn	VERB
taxlaw-2830	855	24	primarily	primarily	ADV
taxlaw-2830	855	25	qualifying	qualify	VERB
taxlaw-2830	855	26	income	income	NOUN
taxlaw-2830	855	27	,	,	PUNCT
taxlaw-2830	855	28	which	which	PRON
taxlaw-2830	855	29	will	will	AUX
taxlaw-2830	855	30	not	not	PART
taxlaw-2830	855	31	always	always	ADV
taxlaw-2830	855	32	be	be	AUX
taxlaw-2830	855	33	the	the	DET
taxlaw-2830	855	34	case	case	NOUN
taxlaw-2830	855	35	.	.	PUNCT
taxlaw-2830	856	1	other	other	ADJ
taxlaw-2830	856	2	means	mean	NOUN
taxlaw-2830	856	3	of	of	ADP
taxlaw-2830	856	4	addressing	address	VERB
taxlaw-2830	856	5	this	this	DET
taxlaw-2830	856	6	concern	concern	NOUN
taxlaw-2830	856	7	could	could	AUX
taxlaw-2830	856	8	include	include	VERB
taxlaw-2830	856	9	,	,	PUNCT
taxlaw-2830	856	10	in	in	ADP
taxlaw-2830	856	11	the	the	DET
taxlaw-2830	856	12	case	case	NOUN
taxlaw-2830	856	13	of	of	ADP
taxlaw-2830	856	14	dividend	dividend	NOUN
taxlaw-2830	856	15	income	income	NOUN
taxlaw-2830	856	16	,	,	PUNCT
taxlaw-2830	856	17	a	a	DET
taxlaw-2830	856	18	tool	tool	NOUN
taxlaw-2830	856	19	such	such	ADJ
taxlaw-2830	856	20	as	as	ADP
taxlaw-2830	856	21	the	the	DET
taxlaw-2830	856	22	dividends	dividend	NOUN
taxlaw-2830	856	23	received	receive	VERB
taxlaw-2830	856	24	deduction	deduction	NOUN
taxlaw-2830	856	25	in	in	ADP
taxlaw-2830	856	26	i.r.c	i.r.c	NOUN
taxlaw-2830	856	27	.	.	PUNCT
taxlaw-2830	857	1	§	§	PROPN
taxlaw-2830	857	2	243	243	NUM
taxlaw-2830	857	3	.	.	PUNCT
taxlaw-2830	858	1	if	if	SCONJ
taxlaw-2830	858	2	congress	congress	PROPN
taxlaw-2830	858	3	wanted	want	VERB
taxlaw-2830	858	4	to	to	PART
taxlaw-2830	858	5	entirely	entirely	ADV
taxlaw-2830	858	6	exempt	exempt	VERB
taxlaw-2830	858	7	dividend	dividend	NOUN
taxlaw-2830	858	8	income	income	NOUN
taxlaw-2830	858	9	from	from	ADP
taxlaw-2830	858	10	an	an	DET
taxlaw-2830	858	11	additional	additional	ADJ
taxlaw-2830	858	12	level	level	NOUN
taxlaw-2830	858	13	of	of	ADP
taxlaw-2830	858	14	tax	tax	NOUN
taxlaw-2830	858	15	,	,	PUNCT
taxlaw-2830	858	16	i.r.c	i.r.c	NOUN
taxlaw-2830	858	17	.	.	PUNCT
taxlaw-2830	859	1	§	§	PROPN
taxlaw-2830	859	2	243	243	NUM
taxlaw-2830	859	3	could	could	AUX
taxlaw-2830	859	4	be	be	AUX
taxlaw-2830	859	5	modified	modify	VERB
taxlaw-2830	859	6	to	to	PART
taxlaw-2830	859	7	expand	expand	VERB
taxlaw-2830	859	8	the	the	DET
taxlaw-2830	859	9	circumstances	circumstance	NOUN
taxlaw-2830	859	10	in	in	ADP
taxlaw-2830	859	11	which	which	PRON
taxlaw-2830	859	12	the	the	DET
taxlaw-2830	859	13	recipient	recipient	NOUN
taxlaw-2830	859	14	corporation	corporation	NOUN
taxlaw-2830	859	15	can	can	AUX
taxlaw-2830	859	16	deduct	deduct	VERB
taxlaw-2830	859	17	100	100	NUM
taxlaw-2830	859	18	percent	percent	NOUN
taxlaw-2830	859	19	of	of	ADP
taxlaw-2830	859	20	the	the	DET
taxlaw-2830	859	21	dividend	dividend	NOUN
taxlaw-2830	859	22	income	income	NOUN
taxlaw-2830	859	23	it	it	PRON
taxlaw-2830	859	24	receives	receive	VERB
taxlaw-2830	859	25	as	as	SCONJ
taxlaw-2830	859	26	discussed	discuss	VERB
taxlaw-2830	859	27	above	above	ADV
taxlaw-2830	859	28	.	.	PUNCT
taxlaw-2830	860	1	see	see	VERB
taxlaw-2830	860	2	supra	supra	PROPN
taxlaw-2830	860	3	notes	note	VERB
taxlaw-2830	860	4	105	105	NUM
taxlaw-2830	860	5	-	-	SYM
taxlaw-2830	860	6	106	106	NUM
taxlaw-2830	860	7	and	and	CCONJ
taxlaw-2830	860	8	accompanying	accompany	VERB
taxlaw-2830	860	9	text	text	NOUN
taxlaw-2830	860	10	.	.	PUNCT
taxlaw-2830	861	1	some	some	DET
taxlaw-2830	861	2	income	income	NOUN
taxlaw-2830	861	3	might	might	AUX
taxlaw-2830	861	4	also	also	ADV
taxlaw-2830	861	5	be	be	AUX
taxlaw-2830	861	6	subject	subject	ADJ
taxlaw-2830	861	7	to	to	ADP
taxlaw-2830	861	8	more	more	ADJ
taxlaw-2830	861	9	than	than	ADP
taxlaw-2830	861	10	one	one	NUM
taxlaw-2830	861	11	level	level	NOUN
taxlaw-2830	861	12	of	of	ADP
taxlaw-2830	861	13	corporate	corporate	ADJ
taxlaw-2830	861	14	tax	tax	NOUN
taxlaw-2830	861	15	as	as	ADP
taxlaw-2830	861	16	a	a	DET
taxlaw-2830	861	17	result	result	NOUN
taxlaw-2830	861	18	of	of	ADP
taxlaw-2830	861	19	the	the	DET
taxlaw-2830	861	20	publicly	publicly	ADV
taxlaw-2830	861	21	traded	trade	VERB
taxlaw-2830	861	22	entity	entity	NOUN
taxlaw-2830	861	23	that	that	PRON
taxlaw-2830	861	24	is	be	AUX
taxlaw-2830	861	25	treated	treat	VERB
taxlaw-2830	861	26	as	as	ADP
taxlaw-2830	861	27	a	a	DET
taxlaw-2830	861	28	corporation	corporation	NOUN
taxlaw-2830	861	29	earning	earn	VERB
taxlaw-2830	861	30	capital	capital	NOUN
taxlaw-2830	861	31	gains	gain	NOUN
taxlaw-2830	861	32	from	from	ADP
taxlaw-2830	861	33	selling	sell	VERB
taxlaw-2830	861	34	shares	share	NOUN
taxlaw-2830	861	35	of	of	ADP
taxlaw-2830	861	36	corporate	corporate	ADJ
taxlaw-2830	861	37	stock	stock	NOUN
taxlaw-2830	861	38	.	.	PUNCT
taxlaw-2830	862	1	it	it	PRON
taxlaw-2830	862	2	should	should	AUX
taxlaw-2830	862	3	be	be	AUX
taxlaw-2830	862	4	noted	note	VERB
taxlaw-2830	862	5	that	that	SCONJ
taxlaw-2830	862	6	this	this	DET
taxlaw-2830	862	7	possibility	possibility	NOUN
taxlaw-2830	862	8	exists	exist	VERB
taxlaw-2830	862	9	under	under	ADP
taxlaw-2830	862	10	current	current	ADJ
taxlaw-2830	862	11	law	law	NOUN
taxlaw-2830	862	12	,	,	PUNCT
taxlaw-2830	862	13	and	and	CCONJ
taxlaw-2830	862	14	this	this	DET
taxlaw-2830	862	15	article‘s	article‘s	ADJ
taxlaw-2830	862	16	proposal	proposal	NOUN
taxlaw-2830	862	17	exacerbates	exacerbate	VERB
taxlaw-2830	862	18	the	the	DET
taxlaw-2830	862	19	pre	pre	ADJ
taxlaw-2830	862	20	-	-	ADJ
taxlaw-2830	862	21	existing	existing	ADJ
taxlaw-2830	862	22	problem	problem	NOUN
taxlaw-2830	862	23	only	only	ADV
taxlaw-2830	862	24	because	because	SCONJ
taxlaw-2830	862	25	it	it	PRON
taxlaw-2830	862	26	treats	treat	VERB
taxlaw-2830	862	27	gains	gain	NOUN
taxlaw-2830	862	28	from	from	ADP
taxlaw-2830	862	29	sale	sale	NOUN
taxlaw-2830	862	30	of	of	ADP
taxlaw-2830	862	31	stock	stock	NOUN
taxlaw-2830	862	32	in	in	ADP
taxlaw-2830	862	33	a	a	DET
taxlaw-2830	862	34	privately	privately	ADV
taxlaw-2830	862	35	held	hold	VERB
taxlaw-2830	862	36	corporation	corporation	NOUN
taxlaw-2830	862	37	as	as	ADP
taxlaw-2830	862	38	non	non	ADJ
taxlaw-2830	862	39	-	-	ADJ
taxlaw-2830	862	40	qualifying	qualifying	ADJ
taxlaw-2830	862	41	income	income	NOUN
taxlaw-2830	862	42	.	.	PUNCT
taxlaw-2830	863	1	most	most	ADJ
taxlaw-2830	863	2	entities	entity	NOUN
taxlaw-2830	863	3	that	that	PRON
taxlaw-2830	863	4	are	be	AUX
taxlaw-2830	863	5	privately	privately	ADV
taxlaw-2830	863	6	held	hold	VERB
taxlaw-2830	863	7	need	need	AUX
taxlaw-2830	863	8	not	not	PART
taxlaw-2830	863	9	be	be	AUX
taxlaw-2830	863	10	treated	treat	VERB
taxlaw-2830	863	11	as	as	ADP
taxlaw-2830	863	12	corporations	corporation	NOUN
taxlaw-2830	863	13	for	for	ADP
taxlaw-2830	863	14	tax	tax	NOUN
taxlaw-2830	863	15	purposes	purpose	NOUN
taxlaw-2830	863	16	,	,	PUNCT
taxlaw-2830	863	17	at	at	ADP
taxlaw-2830	863	18	least	least	ADJ
taxlaw-2830	863	19	if	if	SCONJ
taxlaw-2830	863	20	they	they	PRON
taxlaw-2830	863	21	are	be	AUX
taxlaw-2830	863	22	organized	organize	VERB
taxlaw-2830	863	23	as	as	ADP
taxlaw-2830	863	24	unincorporated	unincorporated	ADJ
taxlaw-2830	863	25	entities	entity	NOUN
taxlaw-2830	863	26	.	.	PUNCT
taxlaw-2830	864	1	therefore	therefore	ADV
taxlaw-2830	864	2	,	,	PUNCT
taxlaw-2830	864	3	if	if	SCONJ
taxlaw-2830	864	4	the	the	DET
taxlaw-2830	864	5	publicly	publicly	ADV
taxlaw-2830	864	6	traded	trade	VERB
taxlaw-2830	864	7	entity	entity	NOUN
taxlaw-2830	864	8	that	that	PRON
taxlaw-2830	864	9	holds	hold	VERB
taxlaw-2830	864	10	stock	stock	NOUN
taxlaw-2830	864	11	in	in	ADP
taxlaw-2830	864	12	the	the	DET
taxlaw-2830	864	13	privately	privately	ADV
taxlaw-2830	864	14	held	hold	VERB
taxlaw-2830	864	15	company	company	NOUN
taxlaw-2830	864	16	is	be	AUX
taxlaw-2830	864	17	treated	treat	VERB
taxlaw-2830	864	18	as	as	ADP
taxlaw-2830	864	19	a	a	DET
taxlaw-2830	864	20	corporation	corporation	NOUN
taxlaw-2830	864	21	for	for	ADP
taxlaw-2830	864	22	tax	tax	NOUN
taxlaw-2830	864	23	purposes	purpose	NOUN
taxlaw-2830	864	24	,	,	PUNCT
taxlaw-2830	864	25	any	any	DET
taxlaw-2830	864	26	additional	additional	ADJ
taxlaw-2830	864	27	duplicative	duplicative	ADJ
taxlaw-2830	864	28	corporate	corporate	ADJ
taxlaw-2830	864	29	-	-	PUNCT
taxlaw-2830	864	30	level	level	NOUN
taxlaw-2830	864	31	tax	tax	NOUN
taxlaw-2830	864	32	resulting	result	VERB
taxlaw-2830	864	33	from	from	ADP
taxlaw-2830	864	34	this	this	DET
taxlaw-2830	864	35	proposal‘s	proposal‘s	PROPN
taxlaw-2830	864	36	change	change	NOUN
taxlaw-2830	864	37	to	to	ADP
taxlaw-2830	864	38	the	the	DET
taxlaw-2830	864	39	definition	definition	NOUN
taxlaw-2830	864	40	of	of	ADP
taxlaw-2830	864	41	qualifying	qualify	VERB
taxlaw-2830	864	42	income	income	NOUN
taxlaw-2830	864	43	could	could	AUX
taxlaw-2830	864	44	be	be	AUX
taxlaw-2830	864	45	avoided	avoid	VERB
taxlaw-2830	864	46	by	by	ADP
taxlaw-2830	864	47	treating	treat	VERB
taxlaw-2830	864	48	the	the	DET
taxlaw-2830	864	49	privately	privately	ADV
taxlaw-2830	864	50	held	hold	VERB
taxlaw-2830	864	51	company	company	NOUN
taxlaw-2830	864	52	as	as	ADP
taxlaw-2830	864	53	a	a	DET
taxlaw-2830	864	54	partnership	partnership	NOUN
taxlaw-2830	864	55	for	for	ADP
taxlaw-2830	864	56	tax	tax	NOUN
taxlaw-2830	864	57	purposes	purpose	NOUN
taxlaw-2830	864	58	.	.	PUNCT
taxlaw-2830	865	1	there	there	PRON
taxlaw-2830	865	2	may	may	AUX
taxlaw-2830	865	3	be	be	AUX
taxlaw-2830	865	4	reasons	reason	NOUN
taxlaw-2830	865	5	why	why	SCONJ
taxlaw-2830	865	6	the	the	DET
taxlaw-2830	865	7	other	other	ADJ
taxlaw-2830	865	8	owners	owner	NOUN
taxlaw-2830	865	9	of	of	ADP
taxlaw-2830	865	10	the	the	DET
taxlaw-2830	865	11	company	company	NOUN
taxlaw-2830	865	12	want	want	VERB
taxlaw-2830	865	13	to	to	PART
taxlaw-2830	865	14	form	form	VERB
taxlaw-2830	865	15	it	it	PRON
taxlaw-2830	865	16	as	as	ADP
taxlaw-2830	865	17	an	an	DET
taxlaw-2830	865	18	incorporated	incorporated	ADJ
taxlaw-2830	865	19	2015	2015	NUM
taxlaw-2830	865	20	]	]	PUNCT
taxlaw-2830	865	21	taxing	tax	VERB
taxlaw-2830	865	22	publicly	publicly	ADV
taxlaw-2830	865	23	traded	trade	VERB
taxlaw-2830	865	24	entities	entity	NOUN
taxlaw-2830	865	25	177	177	NUM
taxlaw-2830	865	26	a	a	DET
taxlaw-2830	865	27	publicly	publicly	ADV
taxlaw-2830	865	28	traded	trade	VERB
taxlaw-2830	865	29	partnership	partnership	NOUN
taxlaw-2830	865	30	that	that	PRON
taxlaw-2830	865	31	invested	invest	VERB
taxlaw-2830	865	32	in	in	ADP
taxlaw-2830	865	33	publicly	publicly	ADV
taxlaw-2830	865	34	traded	trade	VERB
taxlaw-2830	865	35	securities	security	NOUN
taxlaw-2830	865	36	and	and	CCONJ
taxlaw-2830	865	37	privately	privately	ADV
taxlaw-2830	865	38	placed	place	VERB
taxlaw-2830	865	39	securities	security	NOUN
taxlaw-2830	865	40	might	might	AUX
taxlaw-2830	865	41	attempt	attempt	VERB
taxlaw-2830	865	42	to	to	PART
taxlaw-2830	865	43	manipulate	manipulate	VERB
taxlaw-2830	865	44	income	income	NOUN
taxlaw-2830	865	45	classification	classification	NOUN
taxlaw-2830	865	46	by	by	ADP
taxlaw-2830	865	47	funneling	funnel	VERB
taxlaw-2830	865	48	non	non	ADJ
taxlaw-2830	865	49	-	-	ADJ
taxlaw-2830	865	50	qualifying	qualifying	ADJ
taxlaw-2830	865	51	income	income	NOUN
taxlaw-2830	865	52	through	through	ADP
taxlaw-2830	865	53	corporate	corporate	ADJ
taxlaw-2830	865	54	subsidiaries	subsidiary	NOUN
taxlaw-2830	865	55	,	,	PUNCT
taxlaw-2830	865	56	using	use	VERB
taxlaw-2830	865	57	a	a	DET
taxlaw-2830	865	58	structure	structure	NOUN
taxlaw-2830	865	59	similar	similar	ADJ
taxlaw-2830	865	60	to	to	ADP
taxlaw-2830	865	61	that	that	PRON
taxlaw-2830	865	62	used	use	VERB
taxlaw-2830	865	63	currently	currently	ADV
taxlaw-2830	865	64	by	by	ADP
taxlaw-2830	865	65	some	some	DET
taxlaw-2830	865	66	exempt	exempt	ADJ
taxlaw-2830	865	67	publicly	publicly	ADV
taxlaw-2830	865	68	traded	trade	VERB
taxlaw-2830	865	69	partnerships	partnership	NOUN
taxlaw-2830	865	70	,	,	PUNCT
taxlaw-2830	865	71	shown	show	VERB
taxlaw-2830	865	72	above	above	ADV
taxlaw-2830	865	73	in	in	ADP
taxlaw-2830	865	74	figure	figure	NOUN
taxlaw-2830	865	75	1	1	NUM
taxlaw-2830	865	76	.	.	PUNCT
taxlaw-2830	866	1	however	however	ADV
taxlaw-2830	866	2	,	,	PUNCT
taxlaw-2830	866	3	doing	do	VERB
taxlaw-2830	866	4	so	so	ADV
taxlaw-2830	866	5	would	would	AUX
taxlaw-2830	866	6	not	not	PART
taxlaw-2830	866	7	achieve	achieve	VERB
taxlaw-2830	866	8	the	the	DET
taxlaw-2830	866	9	results	result	NOUN
taxlaw-2830	866	10	obtained	obtain	VERB
taxlaw-2830	866	11	by	by	ADP
taxlaw-2830	866	12	these	these	DET
taxlaw-2830	866	13	exempt	exempt	ADJ
taxlaw-2830	866	14	publicly	publicly	ADV
taxlaw-2830	866	15	traded	trade	VERB
taxlaw-2830	866	16	partnerships	partnership	NOUN
taxlaw-2830	866	17	under	under	ADP
taxlaw-2830	866	18	current	current	ADJ
taxlaw-2830	866	19	law	law	NOUN
taxlaw-2830	866	20	.	.	PUNCT
taxlaw-2830	867	1	in	in	ADP
taxlaw-2830	867	2	particular	particular	ADJ
taxlaw-2830	867	3	,	,	PUNCT
taxlaw-2830	867	4	under	under	ADP
taxlaw-2830	867	5	the	the	DET
taxlaw-2830	867	6	revised	revise	VERB
taxlaw-2830	867	7	definition	definition	NOUN
taxlaw-2830	867	8	of	of	ADP
taxlaw-2830	867	9	qualifying	qualify	VERB
taxlaw-2830	867	10	income	income	NOUN
taxlaw-2830	867	11	,	,	PUNCT
taxlaw-2830	867	12	dividend	dividend	NOUN
taxlaw-2830	867	13	income	income	NOUN
taxlaw-2830	867	14	and	and	CCONJ
taxlaw-2830	867	15	capital	capital	NOUN
taxlaw-2830	867	16	gains	gain	NOUN
taxlaw-2830	867	17	income	income	NOUN
taxlaw-2830	867	18	earned	earn	VERB
taxlaw-2830	867	19	as	as	ADP
taxlaw-2830	867	20	a	a	DET
taxlaw-2830	867	21	result	result	NOUN
taxlaw-2830	867	22	of	of	ADP
taxlaw-2830	867	23	receiving	receive	VERB
taxlaw-2830	867	24	distributions	distribution	NOUN
taxlaw-2830	867	25	from	from	ADP
taxlaw-2830	867	26	the	the	DET
taxlaw-2830	867	27	non	non	ADJ
taxlaw-2830	867	28	-	-	ADJ
taxlaw-2830	867	29	publicly	publicly	ADV
taxlaw-2830	867	30	traded	trade	VERB
taxlaw-2830	867	31	corporate	corporate	ADJ
taxlaw-2830	867	32	subsidiaries	subsidiary	NOUN
taxlaw-2830	867	33	(	(	PUNCT
taxlaw-2830	867	34	like	like	ADP
taxlaw-2830	867	35	u.s	u.s	PROPN
taxlaw-2830	867	36	.	.	PROPN
taxlaw-2830	867	37	subsidiary	subsidiary	NOUN
taxlaw-2830	867	38	and	and	CCONJ
taxlaw-2830	867	39	non	non	ADJ
taxlaw-2830	867	40	-	-	ADJ
taxlaw-2830	867	41	u.s	u.s	PROPN
taxlaw-2830	867	42	.	.	PROPN
taxlaw-2830	867	43	subsidiary	subsidiary	NOUN
taxlaw-2830	867	44	in	in	ADP
taxlaw-2830	867	45	figure	figure	NOUN
taxlaw-2830	867	46	1	1	NUM
taxlaw-2830	867	47	)	)	PUNCT
taxlaw-2830	867	48	would	would	AUX
taxlaw-2830	867	49	become	become	VERB
taxlaw-2830	867	50	non	non	ADJ
taxlaw-2830	867	51	-	-	ADJ
taxlaw-2830	867	52	qualifying	qualifying	ADJ
taxlaw-2830	867	53	income	income	NOUN
taxlaw-2830	867	54	.	.	PUNCT
taxlaw-2830	868	1	139	139	NUM
taxlaw-2830	868	2	in	in	ADP
taxlaw-2830	868	3	addition	addition	NOUN
taxlaw-2830	868	4	,	,	PUNCT
taxlaw-2830	868	5	if	if	SCONJ
taxlaw-2830	868	6	the	the	DET
taxlaw-2830	868	7	publicly	publicly	ADV
taxlaw-2830	868	8	traded	trade	VERB
taxlaw-2830	868	9	partnership	partnership	NOUN
taxlaw-2830	868	10	earned	earn	VERB
taxlaw-2830	868	11	interest	interest	NOUN
taxlaw-2830	868	12	income	income	NOUN
taxlaw-2830	868	13	paid	pay	VERB
taxlaw-2830	868	14	on	on	ADP
taxlaw-2830	868	15	debt	debt	NOUN
taxlaw-2830	868	16	issued	issue	VERB
taxlaw-2830	868	17	entirely	entirely	ADV
taxlaw-2830	868	18	to	to	ADP
taxlaw-2830	868	19	it	it	PRON
taxlaw-2830	868	20	by	by	ADP
taxlaw-2830	868	21	a	a	DET
taxlaw-2830	868	22	corporate	corporate	ADJ
taxlaw-2830	868	23	subsidiary	subsidiary	NOUN
taxlaw-2830	868	24	(	(	PUNCT
taxlaw-2830	868	25	like	like	ADP
taxlaw-2830	868	26	u.s	u.s	PROPN
taxlaw-2830	868	27	.	.	PROPN
taxlaw-2830	868	28	subsidiary	subsidiary	NOUN
taxlaw-2830	868	29	in	in	ADP
taxlaw-2830	868	30	figure	figure	NOUN
taxlaw-2830	868	31	1	1	NUM
taxlaw-2830	868	32	)	)	PUNCT
taxlaw-2830	868	33	,	,	PUNCT
taxlaw-2830	868	34	the	the	DET
taxlaw-2830	868	35	interest	interest	NOUN
taxlaw-2830	868	36	would	would	AUX
taxlaw-2830	868	37	not	not	PART
taxlaw-2830	868	38	be	be	AUX
taxlaw-2830	868	39	interest	interest	NOUN
taxlaw-2830	868	40	on	on	ADP
taxlaw-2830	868	41	publicly	publicly	ADV
taxlaw-2830	868	42	traded	trade	VERB
taxlaw-2830	868	43	debt	debt	NOUN
taxlaw-2830	868	44	,	,	PUNCT
taxlaw-2830	868	45	and	and	CCONJ
taxlaw-2830	868	46	,	,	PUNCT
taxlaw-2830	868	47	therefore	therefore	ADV
taxlaw-2830	868	48	,	,	PUNCT
taxlaw-2830	868	49	would	would	AUX
taxlaw-2830	868	50	be	be	AUX
taxlaw-2830	868	51	nonqualifying	nonqualifye	VERB
taxlaw-2830	868	52	income	income	NOUN
taxlaw-2830	868	53	under	under	ADP
taxlaw-2830	868	54	the	the	DET
taxlaw-2830	868	55	new	new	ADJ
taxlaw-2830	868	56	definition	definition	NOUN
taxlaw-2830	868	57	.	.	PUNCT
taxlaw-2830	869	1	the	the	DET
taxlaw-2830	869	2	revised	revise	VERB
taxlaw-2830	869	3	definition	definition	NOUN
taxlaw-2830	869	4	would	would	AUX
taxlaw-2830	869	5	not	not	PART
taxlaw-2830	869	6	,	,	PUNCT
taxlaw-2830	869	7	of	of	ADP
taxlaw-2830	869	8	course	course	NOUN
taxlaw-2830	869	9	,	,	PUNCT
taxlaw-2830	869	10	put	put	VERB
taxlaw-2830	869	11	an	an	DET
taxlaw-2830	869	12	end	end	NOUN
taxlaw-2830	869	13	to	to	ADP
taxlaw-2830	869	14	all	all	DET
taxlaw-2830	869	15	tax	tax	NOUN
taxlaw-2830	869	16	planning	planning	NOUN
taxlaw-2830	869	17	.	.	PUNCT
taxlaw-2830	870	1	however	however	ADV
taxlaw-2830	870	2	,	,	PUNCT
taxlaw-2830	870	3	it	it	PRON
taxlaw-2830	870	4	would	would	AUX
taxlaw-2830	870	5	put	put	VERB
taxlaw-2830	870	6	an	an	DET
taxlaw-2830	870	7	end	end	NOUN
taxlaw-2830	870	8	to	to	ADP
taxlaw-2830	870	9	some	some	PRON
taxlaw-2830	870	10	of	of	ADP
taxlaw-2830	870	11	the	the	DET
taxlaw-2830	870	12	aspects	aspect	NOUN
taxlaw-2830	870	13	of	of	ADP
taxlaw-2830	870	14	the	the	DET
taxlaw-2830	870	15	current	current	ADJ
taxlaw-2830	870	16	structuring	structuring	NOUN
taxlaw-2830	870	17	that	that	PRON
taxlaw-2830	870	18	are	be	AUX
taxlaw-2830	870	19	the	the	DET
taxlaw-2830	870	20	most	most	ADV
taxlaw-2830	870	21	troubling	troubling	ADJ
taxlaw-2830	870	22	.	.	PUNCT
taxlaw-2830	871	1	following	follow	VERB
taxlaw-2830	871	2	adoption	adoption	NOUN
taxlaw-2830	871	3	of	of	ADP
taxlaw-2830	871	4	the	the	DET
taxlaw-2830	871	5	revised	revise	VERB
taxlaw-2830	871	6	definition	definition	NOUN
taxlaw-2830	871	7	of	of	ADP
taxlaw-2830	871	8	qualifying	qualify	VERB
taxlaw-2830	871	9	income	income	NOUN
taxlaw-2830	871	10	,	,	PUNCT
taxlaw-2830	871	11	a	a	DET
taxlaw-2830	871	12	publicly	publicly	ADV
taxlaw-2830	871	13	traded	trade	VERB
taxlaw-2830	871	14	partnership	partnership	NOUN
taxlaw-2830	871	15	that	that	PRON
taxlaw-2830	871	16	invested	invest	VERB
taxlaw-2830	871	17	in	in	ADP
taxlaw-2830	871	18	publicly	publicly	ADV
taxlaw-2830	871	19	traded	trade	VERB
taxlaw-2830	871	20	securities	security	NOUN
taxlaw-2830	871	21	and	and	CCONJ
taxlaw-2830	871	22	privately	privately	ADV
taxlaw-2830	871	23	placed	place	VERB
taxlaw-2830	871	24	debt	debt	NOUN
taxlaw-2830	871	25	or	or	CCONJ
taxlaw-2830	871	26	equity	equity	NOUN
taxlaw-2830	871	27	securities	security	NOUN
taxlaw-2830	871	28	might	might	AUX
taxlaw-2830	871	29	use	use	VERB
taxlaw-2830	871	30	a	a	DET
taxlaw-2830	871	31	different	different	ADJ
taxlaw-2830	871	32	structure	structure	NOUN
taxlaw-2830	871	33	.	.	PUNCT
taxlaw-2830	872	1	in	in	ADP
taxlaw-2830	872	2	particular	particular	ADJ
taxlaw-2830	872	3	,	,	PUNCT
taxlaw-2830	872	4	rather	rather	ADV
taxlaw-2830	872	5	than	than	ADP
taxlaw-2830	872	6	forming	form	VERB
taxlaw-2830	872	7	one	one	NUM
taxlaw-2830	872	8	publicly	publicly	ADV
taxlaw-2830	872	9	traded	trade	VERB
taxlaw-2830	872	10	partnership	partnership	NOUN
taxlaw-2830	872	11	that	that	PRON
taxlaw-2830	872	12	owned	own	VERB
taxlaw-2830	872	13	publicly	publicly	ADV
taxlaw-2830	872	14	traded	trade	VERB
taxlaw-2830	872	15	assets	asset	NOUN
taxlaw-2830	872	16	and	and	CCONJ
taxlaw-2830	872	17	privately	privately	ADV
taxlaw-2830	872	18	held	hold	VERB
taxlaw-2830	872	19	assets	asset	NOUN
taxlaw-2830	872	20	,	,	PUNCT
taxlaw-2830	872	21	taxpayers	taxpayer	NOUN
taxlaw-2830	872	22	might	might	AUX
taxlaw-2830	872	23	form	form	VERB
taxlaw-2830	872	24	and	and	CCONJ
taxlaw-2830	872	25	offer	offer	VERB
taxlaw-2830	872	26	interests	interest	NOUN
taxlaw-2830	872	27	in	in	ADP
taxlaw-2830	872	28	two	two	NUM
taxlaw-2830	872	29	entities	entity	NOUN
taxlaw-2830	872	30	.	.	PUNCT
taxlaw-2830	873	1	the	the	DET
taxlaw-2830	873	2	first	first	ADJ
taxlaw-2830	873	3	entity	entity	NOUN
taxlaw-2830	873	4	,	,	PUNCT
taxlaw-2830	873	5	a	a	DET
taxlaw-2830	873	6	publicly	publicly	ADV
taxlaw-2830	873	7	traded	trade	VERB
taxlaw-2830	873	8	partnership	partnership	NOUN
taxlaw-2830	873	9	,	,	PUNCT
taxlaw-2830	873	10	would	would	AUX
taxlaw-2830	873	11	earn	earn	VERB
taxlaw-2830	873	12	income	income	NOUN
taxlaw-2830	873	13	from	from	ADP
taxlaw-2830	873	14	publicly	publicly	ADV
taxlaw-2830	873	15	traded	trade	VERB
taxlaw-2830	873	16	assets	asset	NOUN
taxlaw-2830	873	17	.	.	PUNCT
taxlaw-2830	874	1	as	as	ADP
taxlaw-2830	874	2	a	a	DET
taxlaw-2830	874	3	result	result	NOUN
taxlaw-2830	874	4	,	,	PUNCT
taxlaw-2830	874	5	the	the	DET
taxlaw-2830	874	6	first	first	ADJ
taxlaw-2830	874	7	entity	entity	NOUN
taxlaw-2830	874	8	could	could	AUX
taxlaw-2830	874	9	maintain	maintain	VERB
taxlaw-2830	874	10	exemption	exemption	NOUN
taxlaw-2830	874	11	from	from	ADP
taxlaw-2830	874	12	corporate	corporate	ADJ
taxlaw-2830	874	13	tax	tax	NOUN
taxlaw-2830	874	14	treatment	treatment	NOUN
taxlaw-2830	874	15	even	even	ADV
taxlaw-2830	874	16	under	under	ADP
taxlaw-2830	874	17	the	the	DET
taxlaw-2830	874	18	new	new	ADJ
taxlaw-2830	874	19	definition	definition	NOUN
taxlaw-2830	874	20	of	of	ADP
taxlaw-2830	874	21	qualifying	qualify	VERB
taxlaw-2830	874	22	income	income	NOUN
taxlaw-2830	874	23	.	.	PUNCT
taxlaw-2830	875	1	the	the	DET
taxlaw-2830	875	2	second	second	ADJ
taxlaw-2830	875	3	entity	entity	NOUN
taxlaw-2830	875	4	would	would	AUX
taxlaw-2830	875	5	own	own	VERB
taxlaw-2830	875	6	privately	privately	ADV
taxlaw-2830	875	7	placed	place	VERB
taxlaw-2830	875	8	debt	debt	NOUN
taxlaw-2830	875	9	and	and	CCONJ
taxlaw-2830	875	10	equity	equity	NOUN
taxlaw-2830	875	11	securities	security	NOUN
taxlaw-2830	875	12	,	,	PUNCT
taxlaw-2830	875	13	and	and	CCONJ
taxlaw-2830	875	14	,	,	PUNCT
taxlaw-2830	875	15	as	as	ADP
taxlaw-2830	875	16	a	a	DET
taxlaw-2830	875	17	result	result	NOUN
taxlaw-2830	875	18	,	,	PUNCT
taxlaw-2830	875	19	the	the	DET
taxlaw-2830	875	20	second	second	ADJ
taxlaw-2830	875	21	entity	entity	NOUN
taxlaw-2830	875	22	would	would	AUX
taxlaw-2830	875	23	not	not	PART
taxlaw-2830	875	24	obtain	obtain	VERB
taxlaw-2830	875	25	exemption	exemption	NOUN
taxlaw-2830	875	26	from	from	ADP
taxlaw-2830	875	27	mandatory	mandatory	ADJ
taxlaw-2830	875	28	corporate	corporate	ADJ
taxlaw-2830	875	29	tax	tax	NOUN
taxlaw-2830	875	30	treatment	treatment	NOUN
taxlaw-2830	875	31	and	and	CCONJ
taxlaw-2830	875	32	would	would	AUX
taxlaw-2830	875	33	be	be	AUX
taxlaw-2830	875	34	subject	subject	ADJ
taxlaw-2830	875	35	to	to	ADP
taxlaw-2830	875	36	corporate	corporate	ADJ
taxlaw-2830	875	37	-	-	PUNCT
taxlaw-2830	875	38	level	level	NOUN
taxlaw-2830	875	39	tax	tax	NOUN
taxlaw-2830	875	40	on	on	ADP
taxlaw-2830	875	41	all	all	PRON
taxlaw-2830	875	42	of	of	ADP
taxlaw-2830	875	43	its	its	PRON
taxlaw-2830	875	44	income	income	NOUN
taxlaw-2830	875	45	.	.	PUNCT
taxlaw-2830	876	1	in	in	ADP
taxlaw-2830	876	2	order	order	NOUN
taxlaw-2830	876	3	to	to	PART
taxlaw-2830	876	4	reduce	reduce	VERB
taxlaw-2830	876	5	its	its	PRON
taxlaw-2830	876	6	tax	tax	NOUN
taxlaw-2830	876	7	liability	liability	NOUN
taxlaw-2830	876	8	,	,	PUNCT
taxlaw-2830	876	9	this	this	DET
taxlaw-2830	876	10	second	second	ADJ
taxlaw-2830	876	11	entity	entity	NOUN
taxlaw-2830	876	12	might	might	AUX
taxlaw-2830	876	13	issue	issue	VERB
taxlaw-2830	876	14	debt	debt	NOUN
taxlaw-2830	876	15	to	to	ADP
taxlaw-2830	876	16	the	the	DET
taxlaw-2830	876	17	public	public	NOUN
taxlaw-2830	876	18	so	so	SCONJ
taxlaw-2830	876	19	that	that	SCONJ
taxlaw-2830	876	20	it	it	PRON
taxlaw-2830	876	21	incurred	incur	VERB
taxlaw-2830	876	22	deductible	deductible	ADJ
taxlaw-2830	876	23	interest	interest	NOUN
taxlaw-2830	876	24	expense	expense	NOUN
taxlaw-2830	876	25	.	.	PUNCT
taxlaw-2830	877	1	to	to	ADP
taxlaw-2830	877	2	some	some	DET
taxlaw-2830	877	3	extent	extent	NOUN
taxlaw-2830	877	4	,	,	PUNCT
taxlaw-2830	877	5	the	the	DET
taxlaw-2830	877	6	tax	tax	NOUN
taxlaw-2830	877	7	consequences	consequence	NOUN
taxlaw-2830	877	8	resulting	result	VERB
taxlaw-2830	877	9	from	from	ADP
taxlaw-2830	877	10	formation	formation	NOUN
taxlaw-2830	877	11	of	of	ADP
taxlaw-2830	877	12	these	these	DET
taxlaw-2830	877	13	two	two	NUM
taxlaw-2830	877	14	entities	entity	NOUN
taxlaw-2830	877	15	would	would	AUX
taxlaw-2830	877	16	mimic	mimic	VERB
taxlaw-2830	877	17	the	the	DET
taxlaw-2830	877	18	result	result	NOUN
taxlaw-2830	877	19	achieved	achieve	VERB
taxlaw-2830	877	20	by	by	ADP
taxlaw-2830	877	21	the	the	DET
taxlaw-2830	877	22	structuring	structuring	NOUN
taxlaw-2830	877	23	available	available	ADJ
taxlaw-2830	877	24	under	under	ADP
taxlaw-2830	877	25	current	current	ADJ
taxlaw-2830	877	26	law	law	NOUN
taxlaw-2830	877	27	(	(	PUNCT
taxlaw-2830	877	28	funneling	funnel	VERB
taxlaw-2830	877	29	non	non	ADJ
taxlaw-2830	877	30	-	-	ADJ
taxlaw-2830	877	31	qualifying	qualifying	ADJ
taxlaw-2830	877	32	income	income	NOUN
taxlaw-2830	877	33	through	through	ADP
taxlaw-2830	877	34	corporate	corporate	ADJ
taxlaw-2830	877	35	subsidiaries	subsidiary	NOUN
taxlaw-2830	877	36	,	,	PUNCT
taxlaw-2830	877	37	along	along	ADP
taxlaw-2830	877	38	the	the	DET
taxlaw-2830	877	39	lines	line	NOUN
taxlaw-2830	877	40	of	of	ADP
taxlaw-2830	877	41	what	what	PRON
taxlaw-2830	877	42	is	be	AUX
taxlaw-2830	877	43	done	do	VERB
taxlaw-2830	877	44	by	by	ADP
taxlaw-2830	877	45	some	some	DET
taxlaw-2830	877	46	exempt	exempt	ADJ
taxlaw-2830	877	47	publicly	publicly	ADV
taxlaw-2830	877	48	traded	trade	VERB
taxlaw-2830	877	49	partnerships	partnership	NOUN
taxlaw-2830	877	50	as	as	SCONJ
taxlaw-2830	877	51	shown	show	VERB
taxlaw-2830	877	52	in	in	ADP
taxlaw-2830	877	53	figure	figure	NOUN
taxlaw-2830	877	54	1	1	NUM
taxlaw-2830	877	55	)	)	PUNCT
taxlaw-2830	877	56	.	.	PUNCT
taxlaw-2830	878	1	however	however	ADV
taxlaw-2830	878	2	,	,	PUNCT
taxlaw-2830	878	3	results	result	NOUN
taxlaw-2830	878	4	of	of	ADP
taxlaw-2830	878	5	the	the	DET
taxlaw-2830	878	6	new	new	ADJ
taxlaw-2830	878	7	structure	structure	NOUN
taxlaw-2830	878	8	are	be	AUX
taxlaw-2830	878	9	importantly	importantly	ADV
taxlaw-2830	878	10	different	different	ADJ
taxlaw-2830	878	11	in	in	ADP
taxlaw-2830	878	12	two	two	NUM
taxlaw-2830	878	13	respects	respect	NOUN
taxlaw-2830	878	14	.	.	PUNCT
taxlaw-2830	879	1	first	first	ADV
taxlaw-2830	879	2	,	,	PUNCT
taxlaw-2830	879	3	under	under	ADP
taxlaw-2830	879	4	current	current	ADJ
taxlaw-2830	879	5	law	law	NOUN
taxlaw-2830	879	6	,	,	PUNCT
taxlaw-2830	879	7	more	more	ADJ
taxlaw-2830	879	8	income	income	NOUN
taxlaw-2830	879	9	constitutes	constitute	VERB
taxlaw-2830	879	10	qualifying	qualify	VERB
taxlaw-2830	879	11	income	income	NOUN
taxlaw-2830	879	12	and	and	CCONJ
taxlaw-2830	879	13	therefore	therefore	ADV
taxlaw-2830	879	14	escapes	escape	VERB
taxlaw-2830	879	15	corporate	corporate	ADJ
taxlaw-2830	879	16	-	-	PUNCT
taxlaw-2830	879	17	level	level	NOUN
taxlaw-2830	879	18	tax	tax	NOUN
taxlaw-2830	879	19	,	,	PUNCT
taxlaw-2830	879	20	due	due	ADP
taxlaw-2830	879	21	to	to	ADP
taxlaw-2830	879	22	the	the	DET
taxlaw-2830	879	23	overly	overly	ADV
taxlaw-2830	879	24	broad	broad	ADJ
taxlaw-2830	879	25	current	current	ADJ
taxlaw-2830	879	26	definition	definition	NOUN
taxlaw-2830	879	27	of	of	ADP
taxlaw-2830	879	28	qualifying	qualify	VERB
taxlaw-2830	879	29	income	income	NOUN
taxlaw-2830	879	30	.	.	PUNCT
taxlaw-2830	880	1	for	for	ADP
taxlaw-2830	880	2	instance	instance	NOUN
taxlaw-2830	880	3	,	,	PUNCT
taxlaw-2830	880	4	capital	capital	NOUN
taxlaw-2830	880	5	gains	gain	NOUN
taxlaw-2830	880	6	income	income	NOUN
taxlaw-2830	880	7	,	,	PUNCT
taxlaw-2830	880	8	dividend	dividend	NOUN
taxlaw-2830	880	9	income	income	NOUN
taxlaw-2830	880	10	,	,	PUNCT
taxlaw-2830	880	11	and	and	CCONJ
taxlaw-2830	880	12	interest	interest	NOUN
taxlaw-2830	880	13	income	income	NOUN
taxlaw-2830	880	14	earned	earn	VERB
taxlaw-2830	880	15	from	from	ADP
taxlaw-2830	880	16	privately	privately	ADV
taxlaw-2830	880	17	placed	place	VERB
taxlaw-2830	880	18	debt	debt	NOUN
taxlaw-2830	880	19	and	and	CCONJ
taxlaw-2830	880	20	equity	equity	NOUN
taxlaw-2830	880	21	securities	security	NOUN
taxlaw-2830	880	22	are	be	AUX
taxlaw-2830	880	23	classified	classify	VERB
taxlaw-2830	880	24	as	as	ADP
taxlaw-2830	880	25	qualifying	qualify	VERB
taxlaw-2830	880	26	income	income	NOUN
taxlaw-2830	880	27	under	under	ADP
taxlaw-2830	880	28	current	current	ADJ
taxlaw-2830	880	29	law	law	NOUN
taxlaw-2830	880	30	but	but	CCONJ
taxlaw-2830	880	31	as	as	ADP
taxlaw-2830	880	32	nonqualifying	nonqualifye	VERB
taxlaw-2830	880	33	income	income	NOUN
taxlaw-2830	880	34	under	under	ADP
taxlaw-2830	880	35	the	the	DET
taxlaw-2830	880	36	proposed	propose	VERB
taxlaw-2830	880	37	reforms	reform	NOUN
taxlaw-2830	880	38	.	.	PUNCT
taxlaw-2830	881	1	second	second	ADJ
taxlaw-2830	881	2	,	,	PUNCT
taxlaw-2830	881	3	in	in	ADP
taxlaw-2830	881	4	the	the	DET
taxlaw-2830	881	5	structure	structure	NOUN
taxlaw-2830	881	6	used	use	VERB
taxlaw-2830	881	7	following	follow	VERB
taxlaw-2830	881	8	adoption	adoption	NOUN
taxlaw-2830	881	9	of	of	ADP
taxlaw-2830	881	10	the	the	DET
taxlaw-2830	881	11	proposed	propose	VERB
taxlaw-2830	881	12	reforms	reform	NOUN
taxlaw-2830	881	13	,	,	PUNCT
taxlaw-2830	881	14	the	the	DET
taxlaw-2830	881	15	debt	debt	NOUN
taxlaw-2830	881	16	issued	issue	VERB
taxlaw-2830	881	17	by	by	ADP
taxlaw-2830	881	18	the	the	DET
taxlaw-2830	881	19	entity	entity	NOUN
taxlaw-2830	881	20	that	that	PRON
taxlaw-2830	881	21	earns	earn	VERB
taxlaw-2830	881	22	non	non	ADJ
taxlaw-2830	881	23	-	-	ADJ
taxlaw-2830	881	24	qualifying	qualifying	ADJ
taxlaw-2830	881	25	income	income	NOUN
taxlaw-2830	881	26	is	be	AUX
taxlaw-2830	881	27	issued	issue	VERB
taxlaw-2830	881	28	to	to	ADP
taxlaw-2830	881	29	the	the	DET
taxlaw-2830	881	30	public	public	NOUN
taxlaw-2830	881	31	,	,	PUNCT
taxlaw-2830	881	32	whereas	whereas	SCONJ
taxlaw-2830	881	33	,	,	PUNCT
taxlaw-2830	881	34	in	in	ADP
taxlaw-2830	881	35	the	the	DET
taxlaw-2830	881	36	structure	structure	NOUN
taxlaw-2830	881	37	currently	currently	ADV
taxlaw-2830	881	38	used	use	VERB
taxlaw-2830	881	39	,	,	PUNCT
taxlaw-2830	881	40	a	a	DET
taxlaw-2830	881	41	publicly	publicly	ADV
taxlaw-2830	881	42	traded	trade	VERB
taxlaw-2830	881	43	entity	entity	NOUN
taxlaw-2830	881	44	or	or	CCONJ
taxlaw-2830	881	45	want	want	VERB
taxlaw-2830	881	46	to	to	PART
taxlaw-2830	881	47	hold	hold	VERB
taxlaw-2830	881	48	interests	interest	NOUN
taxlaw-2830	881	49	in	in	ADP
taxlaw-2830	881	50	an	an	DET
taxlaw-2830	881	51	entity	entity	NOUN
taxlaw-2830	881	52	treated	treat	VERB
taxlaw-2830	881	53	as	as	ADP
taxlaw-2830	881	54	a	a	DET
taxlaw-2830	881	55	corporation	corporation	NOUN
taxlaw-2830	881	56	for	for	ADP
taxlaw-2830	881	57	tax	tax	NOUN
taxlaw-2830	881	58	purposes	purpose	NOUN
taxlaw-2830	881	59	.	.	PUNCT
taxlaw-2830	882	1	their	their	PRON
taxlaw-2830	882	2	goals	goal	NOUN
taxlaw-2830	882	3	could	could	AUX
taxlaw-2830	882	4	still	still	ADV
taxlaw-2830	882	5	be	be	AUX
taxlaw-2830	882	6	achieved	achieve	VERB
taxlaw-2830	882	7	.	.	PUNCT
taxlaw-2830	883	1	in	in	ADP
taxlaw-2830	883	2	particular	particular	ADJ
taxlaw-2830	883	3	,	,	PUNCT
taxlaw-2830	883	4	an	an	DET
taxlaw-2830	883	5	incorporated	incorporated	ADJ
taxlaw-2830	883	6	entity	entity	NOUN
taxlaw-2830	883	7	owned	own	VERB
taxlaw-2830	883	8	by	by	ADP
taxlaw-2830	883	9	the	the	DET
taxlaw-2830	883	10	other	other	ADJ
taxlaw-2830	883	11	owners	owner	NOUN
taxlaw-2830	883	12	of	of	ADP
taxlaw-2830	883	13	the	the	DET
taxlaw-2830	883	14	business	business	NOUN
taxlaw-2830	883	15	could	could	AUX
taxlaw-2830	883	16	form	form	VERB
taxlaw-2830	883	17	an	an	DET
taxlaw-2830	883	18	entity	entity	NOUN
taxlaw-2830	883	19	treated	treat	VERB
taxlaw-2830	883	20	as	as	ADP
taxlaw-2830	883	21	a	a	DET
taxlaw-2830	883	22	partnership	partnership	NOUN
taxlaw-2830	883	23	for	for	ADP
taxlaw-2830	883	24	tax	tax	NOUN
taxlaw-2830	883	25	purposes	purpose	NOUN
taxlaw-2830	883	26	that	that	PRON
taxlaw-2830	883	27	owned	own	VERB
taxlaw-2830	883	28	and	and	CCONJ
taxlaw-2830	883	29	operated	operate	VERB
taxlaw-2830	883	30	the	the	DET
taxlaw-2830	883	31	business	business	NOUN
taxlaw-2830	883	32	.	.	PUNCT
taxlaw-2830	884	1	the	the	DET
taxlaw-2830	884	2	incorporated	incorporated	ADJ
taxlaw-2830	884	3	entity	entity	NOUN
taxlaw-2830	884	4	and	and	CCONJ
taxlaw-2830	884	5	the	the	DET
taxlaw-2830	884	6	publicly	publicly	ADV
taxlaw-2830	884	7	traded	trade	VERB
taxlaw-2830	884	8	entity	entity	NOUN
taxlaw-2830	884	9	treated	treat	VERB
taxlaw-2830	884	10	as	as	ADP
taxlaw-2830	884	11	a	a	DET
taxlaw-2830	884	12	corporation	corporation	NOUN
taxlaw-2830	884	13	for	for	ADP
taxlaw-2830	884	14	tax	tax	NOUN
taxlaw-2830	884	15	purposes	purpose	NOUN
taxlaw-2830	884	16	could	could	AUX
taxlaw-2830	884	17	own	own	VERB
taxlaw-2830	884	18	interests	interest	NOUN
taxlaw-2830	884	19	in	in	ADP
taxlaw-2830	884	20	this	this	DET
taxlaw-2830	884	21	operating	operating	NOUN
taxlaw-2830	884	22	partnership	partnership	NOUN
taxlaw-2830	884	23	.	.	PUNCT
taxlaw-2830	885	1	through	through	ADP
taxlaw-2830	885	2	this	this	DET
taxlaw-2830	885	3	structure	structure	NOUN
taxlaw-2830	885	4	,	,	PUNCT
taxlaw-2830	885	5	the	the	DET
taxlaw-2830	885	6	other	other	ADJ
taxlaw-2830	885	7	owners	owner	NOUN
taxlaw-2830	885	8	of	of	ADP
taxlaw-2830	885	9	the	the	DET
taxlaw-2830	885	10	business	business	NOUN
taxlaw-2830	885	11	achieve	achieve	VERB
taxlaw-2830	885	12	their	their	PRON
taxlaw-2830	885	13	goal	goal	NOUN
taxlaw-2830	885	14	of	of	ADP
taxlaw-2830	885	15	investing	invest	VERB
taxlaw-2830	885	16	through	through	ADP
taxlaw-2830	885	17	an	an	DET
taxlaw-2830	885	18	incorporated	incorporated	ADJ
taxlaw-2830	885	19	entity	entity	NOUN
taxlaw-2830	885	20	treated	treat	VERB
taxlaw-2830	885	21	like	like	ADP
taxlaw-2830	885	22	a	a	DET
taxlaw-2830	885	23	corporation	corporation	NOUN
taxlaw-2830	885	24	for	for	ADP
taxlaw-2830	885	25	tax	tax	NOUN
taxlaw-2830	885	26	purposes	purpose	NOUN
taxlaw-2830	885	27	,	,	PUNCT
taxlaw-2830	885	28	and	and	CCONJ
taxlaw-2830	885	29	income	income	NOUN
taxlaw-2830	885	30	that	that	PRON
taxlaw-2830	885	31	is	be	AUX
taxlaw-2830	885	32	earned	earn	VERB
taxlaw-2830	885	33	by	by	ADP
taxlaw-2830	885	34	the	the	DET
taxlaw-2830	885	35	publicly	publicly	ADV
taxlaw-2830	885	36	traded	trade	VERB
taxlaw-2830	885	37	entity	entity	NOUN
taxlaw-2830	885	38	treated	treat	VERB
taxlaw-2830	885	39	as	as	ADP
taxlaw-2830	885	40	a	a	DET
taxlaw-2830	885	41	corporation	corporation	NOUN
taxlaw-2830	885	42	for	for	ADP
taxlaw-2830	885	43	tax	tax	NOUN
taxlaw-2830	885	44	purposes	purpose	NOUN
taxlaw-2830	885	45	is	be	AUX
taxlaw-2830	885	46	not	not	PART
taxlaw-2830	885	47	subject	subject	ADJ
taxlaw-2830	885	48	to	to	ADP
taxlaw-2830	885	49	more	more	ADJ
taxlaw-2830	885	50	than	than	ADP
taxlaw-2830	885	51	one	one	NUM
taxlaw-2830	885	52	level	level	NOUN
taxlaw-2830	885	53	of	of	ADP
taxlaw-2830	885	54	corporate	corporate	ADJ
taxlaw-2830	885	55	tax	tax	NOUN
taxlaw-2830	885	56	.	.	PUNCT
taxlaw-2830	886	1	139	139	NUM
taxlaw-2830	886	2	assuming	assume	VERB
taxlaw-2830	886	3	that	that	SCONJ
taxlaw-2830	886	4	the	the	DET
taxlaw-2830	886	5	income	income	NOUN
taxlaw-2830	886	6	earned	earn	VERB
taxlaw-2830	886	7	through	through	ADP
taxlaw-2830	886	8	any	any	DET
taxlaw-2830	886	9	non	non	ADJ
taxlaw-2830	886	10	-	-	ADJ
taxlaw-2830	886	11	u.s	u.s	ADJ
taxlaw-2830	886	12	.	.	PROPN
taxlaw-2830	886	13	corporate	corporate	ADJ
taxlaw-2830	886	14	subsidiary	subsidiary	NOUN
taxlaw-2830	886	15	is	be	AUX
taxlaw-2830	886	16	not	not	PART
taxlaw-2830	886	17	subpart	subpart	NOUN
taxlaw-2830	886	18	f	f	PROPN
taxlaw-2830	886	19	income	income	NOUN
taxlaw-2830	886	20	,	,	PUNCT
taxlaw-2830	886	21	the	the	DET
taxlaw-2830	886	22	publicly	publicly	ADV
taxlaw-2830	886	23	traded	trade	VERB
taxlaw-2830	886	24	entity	entity	NOUN
taxlaw-2830	886	25	could	could	AUX
taxlaw-2830	886	26	,	,	PUNCT
taxlaw-2830	886	27	nevertheless	nevertheless	ADV
taxlaw-2830	886	28	,	,	PUNCT
taxlaw-2830	886	29	defer	defer	VERB
taxlaw-2830	886	30	paying	pay	VERB
taxlaw-2830	886	31	tax	tax	NOUN
taxlaw-2830	886	32	on	on	ADP
taxlaw-2830	886	33	the	the	DET
taxlaw-2830	886	34	income	income	NOUN
taxlaw-2830	886	35	until	until	SCONJ
taxlaw-2830	886	36	the	the	DET
taxlaw-2830	886	37	subsidiary	subsidiary	NOUN
taxlaw-2830	886	38	made	make	VERB
taxlaw-2830	886	39	distributions	distribution	NOUN
taxlaw-2830	886	40	to	to	ADP
taxlaw-2830	886	41	it	it	PRON
taxlaw-2830	886	42	.	.	PUNCT
taxlaw-2830	887	1	columbia	columbia	PROPN
taxlaw-2830	887	2	journal	journal	PROPN
taxlaw-2830	887	3	of	of	ADP
taxlaw-2830	887	4	tax	tax	NOUN
taxlaw-2830	887	5	law	law	NOUN
taxlaw-2830	888	1	[	[	X
taxlaw-2830	888	2	vol.6:147	vol.6:147	PROPN
taxlaw-2830	888	3	178	178	NUM
taxlaw-2830	888	4	entity	entity	NOUN
taxlaw-2830	888	5	,	,	PUNCT
taxlaw-2830	888	6	like	like	ADP
taxlaw-2830	888	7	the	the	DET
taxlaw-2830	888	8	publicly	publicly	ADV
taxlaw-2830	888	9	traded	trade	VERB
taxlaw-2830	888	10	partnership	partnership	NOUN
taxlaw-2830	888	11	in	in	ADP
taxlaw-2830	888	12	figure	figure	NOUN
taxlaw-2830	888	13	1	1	NUM
taxlaw-2830	888	14	,	,	PUNCT
taxlaw-2830	888	15	may	may	AUX
taxlaw-2830	888	16	hold	hold	VERB
taxlaw-2830	888	17	debt	debt	NOUN
taxlaw-2830	888	18	that	that	PRON
taxlaw-2830	888	19	is	be	AUX
taxlaw-2830	888	20	issued	issue	VERB
taxlaw-2830	888	21	by	by	ADP
taxlaw-2830	888	22	its	its	PRON
taxlaw-2830	888	23	wholly	wholly	ADV
taxlaw-2830	888	24	-	-	PUNCT
taxlaw-2830	888	25	owned	own	VERB
taxlaw-2830	888	26	corporate	corporate	ADJ
taxlaw-2830	888	27	subsidiary	subsidiary	NOUN
taxlaw-2830	888	28	.	.	PUNCT
taxlaw-2830	889	1	in	in	ADP
taxlaw-2830	889	2	the	the	DET
taxlaw-2830	889	3	revised	revise	VERB
taxlaw-2830	889	4	structure	structure	NOUN
taxlaw-2830	889	5	in	in	ADP
taxlaw-2830	889	6	which	which	PRON
taxlaw-2830	889	7	the	the	DET
taxlaw-2830	889	8	debt	debt	NOUN
taxlaw-2830	889	9	is	be	AUX
taxlaw-2830	889	10	publicly	publicly	ADV
taxlaw-2830	889	11	traded	trade	VERB
taxlaw-2830	889	12	,	,	PUNCT
taxlaw-2830	889	13	market	market	NOUN
taxlaw-2830	889	14	forces	force	NOUN
taxlaw-2830	889	15	ensure	ensure	VERB
taxlaw-2830	889	16	that	that	SCONJ
taxlaw-2830	889	17	a	a	DET
taxlaw-2830	889	18	market	market	NOUN
taxlaw-2830	889	19	rate	rate	NOUN
taxlaw-2830	889	20	of	of	ADP
taxlaw-2830	889	21	interest	interest	NOUN
taxlaw-2830	889	22	dictates	dictate	VERB
taxlaw-2830	889	23	the	the	DET
taxlaw-2830	889	24	interest	interest	NOUN
taxlaw-2830	889	25	paid	pay	VERB
taxlaw-2830	889	26	on	on	ADP
taxlaw-2830	889	27	the	the	DET
taxlaw-2830	889	28	debt	debt	NOUN
taxlaw-2830	889	29	,	,	PUNCT
taxlaw-2830	889	30	and	and	CCONJ
taxlaw-2830	889	31	thus	thus	ADV
taxlaw-2830	889	32	,	,	PUNCT
taxlaw-2830	889	33	the	the	DET
taxlaw-2830	889	34	interest	interest	NOUN
taxlaw-2830	889	35	expense	expense	NOUN
taxlaw-2830	889	36	deducted	deduct	VERB
taxlaw-2830	889	37	by	by	ADP
taxlaw-2830	889	38	the	the	DET
taxlaw-2830	889	39	corporation	corporation	NOUN
taxlaw-2830	889	40	.	.	PUNCT
taxlaw-2830	890	1	this	this	PRON
taxlaw-2830	890	2	is	be	AUX
taxlaw-2830	890	3	not	not	PART
taxlaw-2830	890	4	the	the	DET
taxlaw-2830	890	5	case	case	NOUN
taxlaw-2830	890	6	with	with	ADP
taxlaw-2830	890	7	debt	debt	NOUN
taxlaw-2830	890	8	issued	issue	VERB
taxlaw-2830	890	9	to	to	ADP
taxlaw-2830	890	10	a	a	DET
taxlaw-2830	890	11	publicly	publicly	ADV
taxlaw-2830	890	12	traded	trade	VERB
taxlaw-2830	890	13	entity	entity	NOUN
taxlaw-2830	890	14	by	by	ADP
taxlaw-2830	890	15	its	its	PRON
taxlaw-2830	890	16	wholly	wholly	ADV
taxlaw-2830	890	17	-	-	PUNCT
taxlaw-2830	890	18	owned	own	VERB
taxlaw-2830	890	19	subsidiary	subsidiary	NOUN
taxlaw-2830	890	20	.	.	PUNCT
taxlaw-2830	891	1	140	140	NUM
taxlaw-2830	891	2	b.	b.	PROPN
taxlaw-2830	891	3	should	should	AUX
taxlaw-2830	891	4	the	the	DET
taxlaw-2830	891	5	rules	rule	NOUN
taxlaw-2830	891	6	also	also	ADV
taxlaw-2830	891	7	be	be	AUX
taxlaw-2830	891	8	made	make	VERB
taxlaw-2830	891	9	less	less	ADV
taxlaw-2830	891	10	arbitrary	arbitrary	ADJ
taxlaw-2830	891	11	?	?	PUNCT
taxlaw-2830	892	1	as	as	SCONJ
taxlaw-2830	892	2	proposed	propose	VERB
taxlaw-2830	892	3	above	above	ADV
taxlaw-2830	892	4	,	,	PUNCT
taxlaw-2830	892	5	the	the	DET
taxlaw-2830	892	6	definition	definition	NOUN
taxlaw-2830	892	7	of	of	ADP
taxlaw-2830	892	8	qualifying	qualify	VERB
taxlaw-2830	892	9	income	income	NOUN
taxlaw-2830	892	10	should	should	AUX
taxlaw-2830	892	11	be	be	AUX
taxlaw-2830	892	12	modified	modify	VERB
taxlaw-2830	892	13	so	so	SCONJ
taxlaw-2830	892	14	that	that	SCONJ
taxlaw-2830	892	15	income	income	NOUN
taxlaw-2830	892	16	is	be	AUX
taxlaw-2830	892	17	only	only	ADV
taxlaw-2830	892	18	qualifying	qualify	VERB
taxlaw-2830	892	19	income	income	NOUN
taxlaw-2830	892	20	if	if	SCONJ
taxlaw-2830	892	21	it	it	PRON
taxlaw-2830	892	22	would	would	AUX
taxlaw-2830	892	23	constitute	constitute	VERB
taxlaw-2830	892	24	qualifying	qualify	VERB
taxlaw-2830	892	25	income	income	NOUN
taxlaw-2830	892	26	under	under	ADP
taxlaw-2830	892	27	current	current	ADJ
taxlaw-2830	892	28	law	law	NOUN
taxlaw-2830	892	29	and	and	CCONJ
taxlaw-2830	892	30	it	it	PRON
taxlaw-2830	892	31	is	be	AUX
taxlaw-2830	892	32	earned	earn	VERB
taxlaw-2830	892	33	by	by	ADP
taxlaw-2830	892	34	holding	hold	VERB
taxlaw-2830	892	35	a	a	DET
taxlaw-2830	892	36	publicly	publicly	ADV
taxlaw-2830	892	37	traded	trade	VERB
taxlaw-2830	892	38	asset	asset	NOUN
taxlaw-2830	892	39	.	.	PUNCT
taxlaw-2830	893	1	furthermore	furthermore	ADV
taxlaw-2830	893	2	,	,	PUNCT
taxlaw-2830	893	3	carried	carry	VERB
taxlaw-2830	893	4	interest	interest	NOUN
taxlaw-2830	893	5	should	should	AUX
taxlaw-2830	893	6	never	never	ADV
taxlaw-2830	893	7	constitute	constitute	VERB
taxlaw-2830	893	8	qualifying	qualify	VERB
taxlaw-2830	893	9	income	income	NOUN
taxlaw-2830	893	10	.	.	PUNCT
taxlaw-2830	894	1	this	this	DET
taxlaw-2830	894	2	reform	reform	NOUN
taxlaw-2830	894	3	better	well	ADV
taxlaw-2830	894	4	aligns	align	VERB
taxlaw-2830	894	5	the	the	DET
taxlaw-2830	894	6	definition	definition	NOUN
taxlaw-2830	894	7	of	of	ADP
taxlaw-2830	894	8	qualifying	qualify	VERB
taxlaw-2830	894	9	income	income	NOUN
taxlaw-2830	894	10	with	with	ADP
taxlaw-2830	894	11	the	the	DET
taxlaw-2830	894	12	goal	goal	NOUN
taxlaw-2830	894	13	of	of	ADP
taxlaw-2830	894	14	granting	grant	VERB
taxlaw-2830	894	15	special	special	ADJ
taxlaw-2830	894	16	treatment	treatment	NOUN
taxlaw-2830	894	17	to	to	PART
taxlaw-2830	894	18	income	income	VERB
taxlaw-2830	894	19	that	that	SCONJ
taxlaw-2830	894	20	the	the	DET
taxlaw-2830	894	21	owners	owner	NOUN
taxlaw-2830	894	22	of	of	ADP
taxlaw-2830	894	23	a	a	DET
taxlaw-2830	894	24	publicly	publicly	ADV
taxlaw-2830	894	25	traded	trade	VERB
taxlaw-2830	894	26	entity	entity	NOUN
taxlaw-2830	894	27	could	could	AUX
taxlaw-2830	894	28	earn	earn	VERB
taxlaw-2830	894	29	directly	directly	ADV
taxlaw-2830	894	30	.	.	PUNCT
taxlaw-2830	895	1	in	in	ADP
taxlaw-2830	895	2	addition	addition	NOUN
taxlaw-2830	895	3	the	the	DET
taxlaw-2830	895	4	revised	revise	VERB
taxlaw-2830	895	5	definition	definition	NOUN
taxlaw-2830	895	6	would	would	AUX
taxlaw-2830	895	7	be	be	AUX
taxlaw-2830	895	8	less	less	ADV
taxlaw-2830	895	9	susceptible	susceptible	ADJ
taxlaw-2830	895	10	to	to	ADP
taxlaw-2830	895	11	taxpayer	taxpayer	NOUN
taxlaw-2830	895	12	manipulation	manipulation	NOUN
taxlaw-2830	895	13	.	.	PUNCT
taxlaw-2830	896	1	if	if	SCONJ
taxlaw-2830	896	2	,	,	PUNCT
taxlaw-2830	896	3	however	however	ADV
taxlaw-2830	896	4	,	,	PUNCT
taxlaw-2830	896	5	tax	tax	NOUN
taxlaw-2830	896	6	law	law	NOUN
taxlaw-2830	896	7	continued	continue	VERB
taxlaw-2830	896	8	to	to	PART
taxlaw-2830	896	9	grant	grant	VERB
taxlaw-2830	896	10	special	special	ADJ
taxlaw-2830	896	11	treatment	treatment	NOUN
taxlaw-2830	896	12	to	to	ADP
taxlaw-2830	896	13	all	all	DET
taxlaw-2830	896	14	income	income	NOUN
taxlaw-2830	896	15	earned	earn	VERB
taxlaw-2830	896	16	by	by	ADP
taxlaw-2830	896	17	a	a	DET
taxlaw-2830	896	18	publicly	publicly	ADV
taxlaw-2830	896	19	traded	trade	VERB
taxlaw-2830	896	20	entity	entity	NOUN
taxlaw-2830	896	21	if	if	SCONJ
taxlaw-2830	896	22	and	and	CCONJ
taxlaw-2830	896	23	only	only	ADV
taxlaw-2830	896	24	if	if	SCONJ
taxlaw-2830	896	25	the	the	DET
taxlaw-2830	896	26	entity	entity	NOUN
taxlaw-2830	896	27	earned	earn	VERB
taxlaw-2830	896	28	predominately	predominately	ADV
taxlaw-2830	896	29	qualifying	qualify	VERB
taxlaw-2830	896	30	income	income	NOUN
taxlaw-2830	896	31	(	(	PUNCT
taxlaw-2830	896	32	within	within	ADP
taxlaw-2830	896	33	the	the	DET
taxlaw-2830	896	34	meaning	meaning	NOUN
taxlaw-2830	896	35	of	of	ADP
taxlaw-2830	896	36	the	the	DET
taxlaw-2830	896	37	new	new	ADJ
taxlaw-2830	896	38	definition	definition	NOUN
taxlaw-2830	896	39	)	)	PUNCT
taxlaw-2830	896	40	,	,	PUNCT
taxlaw-2830	896	41	then	then	ADV
taxlaw-2830	896	42	tax	tax	NOUN
taxlaw-2830	896	43	law	law	NOUN
taxlaw-2830	896	44	would	would	AUX
taxlaw-2830	896	45	still	still	ADV
taxlaw-2830	896	46	result	result	VERB
taxlaw-2830	896	47	in	in	ADP
taxlaw-2830	896	48	arbitrary	arbitrary	ADJ
taxlaw-2830	896	49	consequences	consequence	NOUN
taxlaw-2830	896	50	.	.	PUNCT
taxlaw-2830	897	1	a	a	DET
taxlaw-2830	897	2	small	small	ADJ
taxlaw-2830	897	3	change	change	NOUN
taxlaw-2830	897	4	in	in	ADP
taxlaw-2830	897	5	the	the	DET
taxlaw-2830	897	6	amount	amount	NOUN
taxlaw-2830	897	7	of	of	ADP
taxlaw-2830	897	8	non	non	ADJ
taxlaw-2830	897	9	-	-	ADJ
taxlaw-2830	897	10	qualifying	qualifying	ADJ
taxlaw-2830	897	11	income	income	NOUN
taxlaw-2830	897	12	earned	earn	VERB
taxlaw-2830	897	13	by	by	ADP
taxlaw-2830	897	14	a	a	DET
taxlaw-2830	897	15	publicly	publicly	ADV
taxlaw-2830	897	16	traded	trade	VERB
taxlaw-2830	897	17	entity	entity	NOUN
taxlaw-2830	897	18	could	could	AUX
taxlaw-2830	897	19	still	still	ADV
taxlaw-2830	897	20	cause	cause	VERB
taxlaw-2830	897	21	a	a	DET
taxlaw-2830	897	22	drastic	drastic	ADJ
taxlaw-2830	897	23	change	change	NOUN
taxlaw-2830	897	24	in	in	ADP
taxlaw-2830	897	25	the	the	DET
taxlaw-2830	897	26	entity‘s	entity‘s	PROPN
taxlaw-2830	897	27	tax	tax	NOUN
taxlaw-2830	897	28	consequences	consequence	NOUN
taxlaw-2830	897	29	.	.	PUNCT
taxlaw-2830	898	1	to	to	PART
taxlaw-2830	898	2	make	make	VERB
taxlaw-2830	898	3	the	the	DET
taxlaw-2830	898	4	results	result	NOUN
taxlaw-2830	898	5	less	less	ADV
taxlaw-2830	898	6	arbitrary	arbitrary	ADJ
taxlaw-2830	898	7	,	,	PUNCT
taxlaw-2830	898	8	tax	tax	NOUN
taxlaw-2830	898	9	law	law	NOUN
taxlaw-2830	898	10	could	could	AUX
taxlaw-2830	898	11	instead	instead	ADV
taxlaw-2830	898	12	grant	grant	VERB
taxlaw-2830	898	13	special	special	ADJ
taxlaw-2830	898	14	tax	tax	NOUN
taxlaw-2830	898	15	treatment	treatment	NOUN
taxlaw-2830	898	16	to	to	ADP
taxlaw-2830	898	17	only	only	ADV
taxlaw-2830	898	18	qualifying	qualify	VERB
taxlaw-2830	898	19	income	income	NOUN
taxlaw-2830	898	20	earned	earn	VERB
taxlaw-2830	898	21	by	by	ADP
taxlaw-2830	898	22	a	a	DET
taxlaw-2830	898	23	publicly	publicly	ADV
taxlaw-2830	898	24	traded	trade	VERB
taxlaw-2830	898	25	entity	entity	NOUN
taxlaw-2830	898	26	,	,	PUNCT
taxlaw-2830	898	27	but	but	CCONJ
taxlaw-2830	898	28	the	the	DET
taxlaw-2830	898	29	special	special	ADJ
taxlaw-2830	898	30	treatment	treatment	NOUN
taxlaw-2830	898	31	would	would	AUX
taxlaw-2830	898	32	apply	apply	VERB
taxlaw-2830	898	33	regardless	regardless	ADV
taxlaw-2830	898	34	of	of	ADP
taxlaw-2830	898	35	whether	whether	SCONJ
taxlaw-2830	898	36	the	the	DET
taxlaw-2830	898	37	entity	entity	NOUN
taxlaw-2830	898	38	earned	earn	VERB
taxlaw-2830	898	39	predominately	predominately	ADV
taxlaw-2830	898	40	qualifying	qualify	VERB
taxlaw-2830	898	41	income	income	NOUN
taxlaw-2830	898	42	.	.	PUNCT
taxlaw-2830	899	1	141	141	NUM
taxlaw-2830	899	2	this	this	DET
taxlaw-2830	899	3	section	section	NOUN
taxlaw-2830	899	4	will	will	AUX
taxlaw-2830	899	5	explore	explore	VERB
taxlaw-2830	899	6	how	how	SCONJ
taxlaw-2830	899	7	such	such	DET
taxlaw-2830	899	8	a	a	DET
taxlaw-2830	899	9	system	system	NOUN
taxlaw-2830	899	10	might	might	AUX
taxlaw-2830	899	11	be	be	AUX
taxlaw-2830	899	12	implemented	implement	VERB
taxlaw-2830	899	13	.	.	PUNCT
taxlaw-2830	900	1	the	the	DET
taxlaw-2830	900	2	discussion	discussion	NOUN
taxlaw-2830	900	3	reveals	reveal	VERB
taxlaw-2830	900	4	that	that	SCONJ
taxlaw-2830	900	5	the	the	DET
taxlaw-2830	900	6	complexity	complexity	NOUN
taxlaw-2830	900	7	of	of	ADP
taxlaw-2830	900	8	the	the	DET
taxlaw-2830	900	9	system	system	NOUN
taxlaw-2830	900	10	likely	likely	ADJ
taxlaw-2830	900	11	warrants	warrant	NOUN
taxlaw-2830	900	12	maintaining	maintain	VERB
taxlaw-2830	900	13	the	the	DET
taxlaw-2830	900	14	current	current	ADJ
taxlaw-2830	900	15	regime	regime	NOUN
taxlaw-2830	900	16	under	under	ADP
taxlaw-2830	900	17	which	which	PRON
taxlaw-2830	900	18	beneficial	beneficial	ADJ
taxlaw-2830	900	19	treatment	treatment	NOUN
taxlaw-2830	900	20	applies	apply	VERB
taxlaw-2830	900	21	to	to	ADP
taxlaw-2830	900	22	all	all	DET
taxlaw-2830	900	23	income	income	NOUN
taxlaw-2830	900	24	earned	earn	VERB
taxlaw-2830	900	25	by	by	ADP
taxlaw-2830	900	26	a	a	DET
taxlaw-2830	900	27	publicly	publicly	ADV
taxlaw-2830	900	28	traded	trade	VERB
taxlaw-2830	900	29	entity	entity	NOUN
taxlaw-2830	900	30	if	if	SCONJ
taxlaw-2830	900	31	and	and	CCONJ
taxlaw-2830	900	32	only	only	ADV
taxlaw-2830	900	33	if	if	SCONJ
taxlaw-2830	900	34	the	the	DET
taxlaw-2830	900	35	entity	entity	NOUN
taxlaw-2830	900	36	earns	earn	VERB
taxlaw-2830	900	37	predominately	predominately	ADV
taxlaw-2830	900	38	qualifying	qualify	VERB
taxlaw-2830	900	39	income	income	NOUN
taxlaw-2830	900	40	,	,	PUNCT
taxlaw-2830	900	41	provided	provide	VERB
taxlaw-2830	900	42	that	that	SCONJ
taxlaw-2830	900	43	the	the	DET
taxlaw-2830	900	44	scope	scope	NOUN
taxlaw-2830	900	45	of	of	ADP
taxlaw-2830	900	46	what	what	PRON
taxlaw-2830	900	47	may	may	AUX
taxlaw-2830	900	48	be	be	AUX
taxlaw-2830	900	49	classified	classify	VERB
taxlaw-2830	900	50	as	as	ADP
taxlaw-2830	900	51	qualifying	qualify	VERB
taxlaw-2830	900	52	income	income	NOUN
taxlaw-2830	900	53	is	be	AUX
taxlaw-2830	900	54	narrowed	narrow	VERB
taxlaw-2830	900	55	in	in	ADP
taxlaw-2830	900	56	the	the	DET
taxlaw-2830	900	57	manner	manner	NOUN
taxlaw-2830	900	58	proposed	propose	VERB
taxlaw-2830	900	59	by	by	ADP
taxlaw-2830	900	60	this	this	DET
taxlaw-2830	900	61	article	article	NOUN
taxlaw-2830	900	62	.	.	PUNCT
taxlaw-2830	901	1	140	140	NUM
taxlaw-2830	901	2	under	under	ADP
taxlaw-2830	901	3	current	current	ADJ
taxlaw-2830	901	4	law	law	NOUN
taxlaw-2830	901	5	,	,	PUNCT
taxlaw-2830	901	6	if	if	SCONJ
taxlaw-2830	901	7	the	the	DET
taxlaw-2830	901	8	debt	debt	NOUN
taxlaw-2830	901	9	is	be	AUX
taxlaw-2830	901	10	issued	issue	VERB
taxlaw-2830	901	11	entirely	entirely	ADV
taxlaw-2830	901	12	to	to	ADP
taxlaw-2830	901	13	the	the	DET
taxlaw-2830	901	14	publicly	publicly	ADV
taxlaw-2830	901	15	traded	trade	VERB
taxlaw-2830	901	16	partnership	partnership	NOUN
taxlaw-2830	901	17	and	and	CCONJ
taxlaw-2830	901	18	if	if	SCONJ
taxlaw-2830	901	19	the	the	DET
taxlaw-2830	901	20	rate	rate	NOUN
taxlaw-2830	901	21	of	of	ADP
taxlaw-2830	901	22	interest	interest	NOUN
taxlaw-2830	901	23	is	be	AUX
taxlaw-2830	901	24	higher	high	ADJ
taxlaw-2830	901	25	than	than	ADP
taxlaw-2830	901	26	a	a	DET
taxlaw-2830	901	27	market	market	NOUN
taxlaw-2830	901	28	rate	rate	NOUN
taxlaw-2830	901	29	on	on	ADP
taxlaw-2830	901	30	debt	debt	NOUN
taxlaw-2830	901	31	,	,	PUNCT
taxlaw-2830	901	32	the	the	DET
taxlaw-2830	901	33	irs	irs	PROPN
taxlaw-2830	901	34	could	could	AUX
taxlaw-2830	901	35	re	re	VERB
taxlaw-2830	901	36	-	-	VERB
taxlaw-2830	901	37	characterize	characterize	VERB
taxlaw-2830	901	38	the	the	DET
taxlaw-2830	901	39	debt	debt	NOUN
taxlaw-2830	901	40	as	as	ADP
taxlaw-2830	901	41	equity	equity	NOUN
taxlaw-2830	901	42	and	and	CCONJ
taxlaw-2830	901	43	disallow	disallow	VERB
taxlaw-2830	901	44	an	an	DET
taxlaw-2830	901	45	interest	interest	NOUN
taxlaw-2830	901	46	deduction	deduction	NOUN
taxlaw-2830	901	47	.	.	PUNCT
taxlaw-2830	902	1	achieving	achieve	VERB
taxlaw-2830	902	2	that	that	DET
taxlaw-2830	902	3	result	result	NOUN
taxlaw-2830	902	4	,	,	PUNCT
taxlaw-2830	902	5	however	however	ADV
taxlaw-2830	902	6	,	,	PUNCT
taxlaw-2830	902	7	requires	require	VERB
taxlaw-2830	902	8	the	the	DET
taxlaw-2830	902	9	irs	irs	PROPN
taxlaw-2830	902	10	rather	rather	ADV
taxlaw-2830	902	11	than	than	ADP
taxlaw-2830	902	12	the	the	DET
taxlaw-2830	902	13	market	market	NOUN
taxlaw-2830	902	14	to	to	PART
taxlaw-2830	902	15	take	take	VERB
taxlaw-2830	902	16	action	action	NOUN
taxlaw-2830	902	17	.	.	PUNCT
taxlaw-2830	903	1	furthermore	furthermore	ADV
taxlaw-2830	903	2	,	,	PUNCT
taxlaw-2830	903	3	to	to	PART
taxlaw-2830	903	4	ensure	ensure	VERB
taxlaw-2830	903	5	that	that	SCONJ
taxlaw-2830	903	6	the	the	DET
taxlaw-2830	903	7	debt	debt	NOUN
taxlaw-2830	903	8	must	must	AUX
taxlaw-2830	903	9	truly	truly	ADV
taxlaw-2830	903	10	be	be	AUX
taxlaw-2830	903	11	publicly	publicly	ADV
taxlaw-2830	903	12	traded	trade	VERB
taxlaw-2830	903	13	in	in	ADP
taxlaw-2830	903	14	order	order	NOUN
taxlaw-2830	903	15	for	for	ADP
taxlaw-2830	903	16	interest	interest	NOUN
taxlaw-2830	903	17	to	to	PART
taxlaw-2830	903	18	constitute	constitute	VERB
taxlaw-2830	903	19	qualifying	qualify	VERB
taxlaw-2830	903	20	income	income	NOUN
taxlaw-2830	903	21	,	,	PUNCT
taxlaw-2830	903	22	anti	anti	ADJ
taxlaw-2830	903	23	-	-	ADJ
taxlaw-2830	903	24	abuse	abuse	ADJ
taxlaw-2830	903	25	rules	rule	NOUN
taxlaw-2830	903	26	could	could	AUX
taxlaw-2830	903	27	be	be	AUX
taxlaw-2830	903	28	adopted	adopt	VERB
taxlaw-2830	903	29	in	in	ADP
taxlaw-2830	903	30	connection	connection	NOUN
taxlaw-2830	903	31	with	with	ADP
taxlaw-2830	903	32	the	the	DET
taxlaw-2830	903	33	new	new	ADJ
taxlaw-2830	903	34	definition	definition	NOUN
taxlaw-2830	903	35	of	of	ADP
taxlaw-2830	903	36	qualifying	qualify	VERB
taxlaw-2830	903	37	income	income	NOUN
taxlaw-2830	903	38	that	that	PRON
taxlaw-2830	903	39	provided	provide	VERB
taxlaw-2830	903	40	,	,	PUNCT
taxlaw-2830	903	41	for	for	ADP
taxlaw-2830	903	42	instance	instance	NOUN
taxlaw-2830	903	43	,	,	PUNCT
taxlaw-2830	903	44	that	that	SCONJ
taxlaw-2830	903	45	an	an	DET
taxlaw-2830	903	46	asset	asset	NOUN
taxlaw-2830	903	47	would	would	AUX
taxlaw-2830	903	48	not	not	PART
taxlaw-2830	903	49	be	be	AUX
taxlaw-2830	903	50	treated	treat	VERB
taxlaw-2830	903	51	as	as	SCONJ
taxlaw-2830	903	52	publicly	publicly	ADV
taxlaw-2830	903	53	traded	trade	VERB
taxlaw-2830	903	54	unless	unless	SCONJ
taxlaw-2830	903	55	the	the	DET
taxlaw-2830	903	56	asset	asset	NOUN
taxlaw-2830	903	57	was	be	AUX
taxlaw-2830	903	58	widely	widely	ADV
taxlaw-2830	903	59	held	hold	VERB
taxlaw-2830	903	60	.	.	PUNCT
taxlaw-2830	904	1	141	141	NUM
taxlaw-2830	904	2	under	under	ADP
taxlaw-2830	904	3	current	current	ADJ
taxlaw-2830	904	4	law	law	NOUN
taxlaw-2830	904	5	,	,	PUNCT
taxlaw-2830	904	6	publicly	publicly	ADV
taxlaw-2830	904	7	traded	trade	VERB
taxlaw-2830	904	8	entities	entity	NOUN
taxlaw-2830	904	9	that	that	PRON
taxlaw-2830	904	10	earn	earn	VERB
taxlaw-2830	904	11	more	more	ADJ
taxlaw-2830	904	12	than	than	ADP
taxlaw-2830	904	13	a	a	DET
taxlaw-2830	904	14	small	small	ADJ
taxlaw-2830	904	15	amount	amount	NOUN
taxlaw-2830	904	16	of	of	ADP
taxlaw-2830	904	17	non	non	ADJ
taxlaw-2830	904	18	-	-	ADJ
taxlaw-2830	904	19	qualifying	qualifying	ADJ
taxlaw-2830	904	20	income	income	NOUN
taxlaw-2830	904	21	are	be	AUX
taxlaw-2830	904	22	not	not	PART
taxlaw-2830	904	23	the	the	DET
taxlaw-2830	904	24	only	only	ADJ
taxlaw-2830	904	25	types	type	NOUN
taxlaw-2830	904	26	of	of	ADP
taxlaw-2830	904	27	entities	entity	NOUN
taxlaw-2830	904	28	that	that	PRON
taxlaw-2830	904	29	are	be	AUX
taxlaw-2830	904	30	automatically	automatically	ADV
taxlaw-2830	904	31	treated	treat	VERB
taxlaw-2830	904	32	as	as	ADP
taxlaw-2830	904	33	corporations	corporation	NOUN
taxlaw-2830	904	34	for	for	ADP
taxlaw-2830	904	35	tax	tax	NOUN
taxlaw-2830	904	36	purposes	purpose	NOUN
taxlaw-2830	904	37	.	.	PUNCT
taxlaw-2830	905	1	see	see	VERB
taxlaw-2830	905	2	treas	treas	PROPN
taxlaw-2830	905	3	.	.	PUNCT
taxlaw-2830	906	1	regs	regs	PROPN
taxlaw-2830	906	2	.	.	PUNCT
taxlaw-2830	907	1	§	§	PROPN
taxlaw-2830	907	2	§	§	ADJ
taxlaw-2830	907	3	301.7701	301.7701	NUM
taxlaw-2830	907	4	-	-	SYM
taxlaw-2830	907	5	2(b)(1	2(b)(1	NUM
taxlaw-2830	907	6	)	)	PUNCT
taxlaw-2830	907	7	,	,	PUNCT
taxlaw-2830	907	8	(	(	PUNCT
taxlaw-2830	907	9	3)–(8	3)–(8	NUM
taxlaw-2830	907	10	)	)	PUNCT
taxlaw-2830	907	11	(	(	PUNCT
taxlaw-2830	907	12	describing	describe	VERB
taxlaw-2830	907	13	entities	entity	NOUN
taxlaw-2830	907	14	that	that	PRON
taxlaw-2830	907	15	must	must	AUX
taxlaw-2830	907	16	be	be	AUX
taxlaw-2830	907	17	treated	treat	VERB
taxlaw-2830	907	18	as	as	ADP
taxlaw-2830	907	19	corporations	corporation	NOUN
taxlaw-2830	907	20	)	)	PUNCT
taxlaw-2830	907	21	.	.	PUNCT
taxlaw-2830	908	1	the	the	DET
taxlaw-2830	908	2	extent	extent	NOUN
taxlaw-2830	908	3	to	to	PART
taxlaw-2830	908	4	which	which	PRON
taxlaw-2830	908	5	the	the	DET
taxlaw-2830	908	6	reform	reform	NOUN
taxlaw-2830	908	7	considered	consider	VERB
taxlaw-2830	908	8	in	in	ADP
taxlaw-2830	908	9	this	this	DET
taxlaw-2830	908	10	part	part	NOUN
taxlaw-2830	908	11	v.b	v.b	PROPN
taxlaw-2830	908	12	would	would	AUX
taxlaw-2830	908	13	affect	affect	VERB
taxlaw-2830	908	14	the	the	DET
taxlaw-2830	908	15	taxation	taxation	NOUN
taxlaw-2830	908	16	of	of	ADP
taxlaw-2830	908	17	existing	exist	VERB
taxlaw-2830	908	18	entities	entity	NOUN
taxlaw-2830	908	19	would	would	AUX
taxlaw-2830	908	20	depend	depend	VERB
taxlaw-2830	908	21	,	,	PUNCT
taxlaw-2830	908	22	in	in	ADP
taxlaw-2830	908	23	part	part	NOUN
taxlaw-2830	908	24	,	,	PUNCT
taxlaw-2830	908	25	on	on	ADP
taxlaw-2830	908	26	whether	whether	SCONJ
taxlaw-2830	908	27	other	other	ADJ
taxlaw-2830	908	28	modifications	modification	NOUN
taxlaw-2830	908	29	were	be	AUX
taxlaw-2830	908	30	made	make	VERB
taxlaw-2830	908	31	to	to	ADP
taxlaw-2830	908	32	the	the	DET
taxlaw-2830	908	33	list	list	NOUN
taxlaw-2830	908	34	of	of	ADP
taxlaw-2830	908	35	entities	entity	NOUN
taxlaw-2830	908	36	automatically	automatically	ADV
taxlaw-2830	908	37	treated	treat	VERB
taxlaw-2830	908	38	as	as	ADP
taxlaw-2830	908	39	corporations	corporation	NOUN
taxlaw-2830	908	40	for	for	ADP
taxlaw-2830	908	41	tax	tax	NOUN
taxlaw-2830	908	42	purposes	purpose	NOUN
taxlaw-2830	908	43	(	(	PUNCT
taxlaw-2830	908	44	and	and	CCONJ
taxlaw-2830	908	45	on	on	ADP
taxlaw-2830	908	46	whether	whether	SCONJ
taxlaw-2830	908	47	the	the	DET
taxlaw-2830	908	48	reform	reform	NOUN
taxlaw-2830	908	49	considered	consider	VERB
taxlaw-2830	908	50	in	in	ADP
taxlaw-2830	908	51	part	part	NOUN
taxlaw-2830	908	52	v.b	v.b	PROPN
taxlaw-2830	908	53	would	would	AUX
taxlaw-2830	908	54	apply	apply	VERB
taxlaw-2830	908	55	to	to	ADP
taxlaw-2830	908	56	these	these	DET
taxlaw-2830	908	57	entities	entity	NOUN
taxlaw-2830	908	58	)	)	PUNCT
taxlaw-2830	908	59	.	.	PUNCT
taxlaw-2830	909	1	for	for	ADP
taxlaw-2830	909	2	instance	instance	NOUN
taxlaw-2830	909	3	,	,	PUNCT
taxlaw-2830	909	4	under	under	ADP
taxlaw-2830	909	5	current	current	ADJ
taxlaw-2830	909	6	law	law	NOUN
taxlaw-2830	909	7	,	,	PUNCT
taxlaw-2830	909	8	an	an	DET
taxlaw-2830	909	9	entity	entity	NOUN
taxlaw-2830	909	10	is	be	AUX
taxlaw-2830	909	11	automatically	automatically	ADV
taxlaw-2830	909	12	treated	treat	VERB
taxlaw-2830	909	13	as	as	ADP
taxlaw-2830	909	14	a	a	DET
taxlaw-2830	909	15	corporation	corporation	NOUN
taxlaw-2830	909	16	for	for	ADP
taxlaw-2830	909	17	tax	tax	NOUN
taxlaw-2830	909	18	purposes	purpose	NOUN
taxlaw-2830	909	19	if	if	SCONJ
taxlaw-2830	909	20	it	it	PRON
taxlaw-2830	909	21	is	be	AUX
taxlaw-2830	909	22	organized	organize	VERB
taxlaw-2830	909	23	under	under	ADP
taxlaw-2830	909	24	a	a	DET
taxlaw-2830	909	25	federal	federal	ADJ
taxlaw-2830	909	26	or	or	CCONJ
taxlaw-2830	909	27	state	state	NOUN
taxlaw-2830	909	28	statute	statute	NOUN
taxlaw-2830	909	29	that	that	PRON
taxlaw-2830	909	30	describes	describe	VERB
taxlaw-2830	909	31	or	or	CCONJ
taxlaw-2830	909	32	refers	refer	VERB
taxlaw-2830	909	33	to	to	ADP
taxlaw-2830	909	34	the	the	DET
taxlaw-2830	909	35	entity	entity	NOUN
taxlaw-2830	909	36	as	as	SCONJ
taxlaw-2830	909	37	incorporated	incorporate	VERB
taxlaw-2830	909	38	or	or	CCONJ
taxlaw-2830	909	39	as	as	ADP
taxlaw-2830	909	40	a	a	DET
taxlaw-2830	909	41	corporation	corporation	NOUN
taxlaw-2830	909	42	,	,	PUNCT
taxlaw-2830	909	43	body	body	NOUN
taxlaw-2830	909	44	corporate	corporate	ADJ
taxlaw-2830	909	45	,	,	PUNCT
taxlaw-2830	909	46	or	or	CCONJ
taxlaw-2830	909	47	body	body	NOUN
taxlaw-2830	909	48	politic	politic	NOUN
taxlaw-2830	909	49	.	.	PUNCT
taxlaw-2830	910	1	see	see	VERB
taxlaw-2830	910	2	treas	treas	PROPN
taxlaw-2830	910	3	.	.	PUNCT
taxlaw-2830	911	1	reg	reg	PROPN
taxlaw-2830	911	2	.	.	PUNCT
taxlaw-2830	912	1	§	§	PROPN
taxlaw-2830	912	2	§	§	ADJ
taxlaw-2830	912	3	301.7701	301.7701	NUM
taxlaw-2830	912	4	-	-	SYM
taxlaw-2830	912	5	2(b)(1	2(b)(1	NUM
taxlaw-2830	912	6	)	)	PUNCT
taxlaw-2830	912	7	.	.	PUNCT
taxlaw-2830	913	1	if	if	SCONJ
taxlaw-2830	913	2	this	this	PRON
taxlaw-2830	913	3	continued	continue	VERB
taxlaw-2830	913	4	to	to	PART
taxlaw-2830	913	5	be	be	AUX
taxlaw-2830	913	6	the	the	DET
taxlaw-2830	913	7	case	case	NOUN
taxlaw-2830	913	8	and	and	CCONJ
taxlaw-2830	913	9	if	if	SCONJ
taxlaw-2830	913	10	all	all	DET
taxlaw-2830	913	11	income	income	NOUN
taxlaw-2830	913	12	earned	earn	VERB
taxlaw-2830	913	13	by	by	ADP
taxlaw-2830	913	14	such	such	ADJ
taxlaw-2830	913	15	entities	entity	NOUN
taxlaw-2830	913	16	was	be	AUX
taxlaw-2830	913	17	subject	subject	ADJ
taxlaw-2830	913	18	to	to	ADP
taxlaw-2830	913	19	the	the	DET
taxlaw-2830	913	20	corporate	corporate	ADJ
taxlaw-2830	913	21	tax	tax	NOUN
taxlaw-2830	913	22	system	system	NOUN
taxlaw-2830	913	23	,	,	PUNCT
taxlaw-2830	913	24	then	then	ADV
taxlaw-2830	913	25	many	many	ADJ
taxlaw-2830	913	26	existing	exist	VERB
taxlaw-2830	913	27	entities	entity	NOUN
taxlaw-2830	913	28	would	would	AUX
taxlaw-2830	913	29	be	be	AUX
taxlaw-2830	913	30	subject	subject	ADJ
taxlaw-2830	913	31	to	to	ADP
taxlaw-2830	913	32	the	the	DET
taxlaw-2830	913	33	current	current	ADJ
taxlaw-2830	913	34	corporate	corporate	ADJ
taxlaw-2830	913	35	tax	tax	NOUN
taxlaw-2830	913	36	system	system	NOUN
taxlaw-2830	913	37	notwithstanding	notwithstanding	ADP
taxlaw-2830	913	38	implementation	implementation	NOUN
taxlaw-2830	913	39	of	of	ADP
taxlaw-2830	913	40	the	the	DET
taxlaw-2830	913	41	reform	reform	NOUN
taxlaw-2830	913	42	considered	consider	VERB
taxlaw-2830	913	43	in	in	ADP
taxlaw-2830	913	44	part	part	NOUN
taxlaw-2830	913	45	v.b	v.b	PROPN
taxlaw-2830	913	46	.	.	PROPN
taxlaw-2830	913	47	for	for	ADP
taxlaw-2830	913	48	the	the	DET
taxlaw-2830	913	49	reform	reform	NOUN
taxlaw-2830	913	50	considered	consider	VERB
taxlaw-2830	913	51	in	in	ADP
taxlaw-2830	913	52	part	part	NOUN
taxlaw-2830	913	53	v.b	v.b	PROPN
taxlaw-2830	913	54	to	to	PART
taxlaw-2830	913	55	have	have	AUX
taxlaw-2830	913	56	broader	broad	ADJ
taxlaw-2830	913	57	effects	effect	NOUN
taxlaw-2830	913	58	,	,	PUNCT
taxlaw-2830	913	59	incorporated	incorporate	VERB
taxlaw-2830	913	60	entities	entity	NOUN
taxlaw-2830	913	61	could	could	AUX
taxlaw-2830	913	62	be	be	AUX
taxlaw-2830	913	63	removed	remove	VERB
taxlaw-2830	913	64	from	from	ADP
taxlaw-2830	913	65	the	the	DET
taxlaw-2830	913	66	list	list	NOUN
taxlaw-2830	913	67	of	of	ADP
taxlaw-2830	913	68	entities	entity	NOUN
taxlaw-2830	913	69	automatically	automatically	ADV
taxlaw-2830	913	70	treated	treat	VERB
taxlaw-2830	913	71	as	as	ADP
taxlaw-2830	913	72	corporations	corporation	NOUN
taxlaw-2830	913	73	for	for	ADP
taxlaw-2830	913	74	tax	tax	NOUN
taxlaw-2830	913	75	purposes	purpose	NOUN
taxlaw-2830	913	76	so	so	SCONJ
taxlaw-2830	913	77	that	that	SCONJ
taxlaw-2830	913	78	income	income	NOUN
taxlaw-2830	913	79	earned	earn	VERB
taxlaw-2830	913	80	by	by	ADP
taxlaw-2830	913	81	an	an	DET
taxlaw-2830	913	82	incorporated	incorporate	VERB
taxlaw-2830	913	83	entity	entity	NOUN
taxlaw-2830	913	84	would	would	AUX
taxlaw-2830	913	85	be	be	AUX
taxlaw-2830	913	86	subject	subject	ADJ
taxlaw-2830	913	87	to	to	ADP
taxlaw-2830	913	88	double	double	ADJ
taxlaw-2830	913	89	tax	tax	NOUN
taxlaw-2830	913	90	only	only	ADV
taxlaw-2830	913	91	if	if	SCONJ
taxlaw-2830	913	92	the	the	DET
taxlaw-2830	913	93	entity	entity	NOUN
taxlaw-2830	913	94	was	be	AUX
taxlaw-2830	913	95	publicly	publicly	ADV
taxlaw-2830	913	96	traded	trade	VERB
taxlaw-2830	913	97	and	and	CCONJ
taxlaw-2830	913	98	only	only	ADV
taxlaw-2830	913	99	if	if	SCONJ
taxlaw-2830	913	100	the	the	DET
taxlaw-2830	913	101	income	income	NOUN
taxlaw-2830	913	102	was	be	AUX
taxlaw-2830	913	103	non	non	ADJ
taxlaw-2830	913	104	-	-	ADJ
taxlaw-2830	913	105	qualifying	qualifying	ADJ
taxlaw-2830	913	106	.	.	PUNCT
taxlaw-2830	914	1	2015	2015	NUM
taxlaw-2830	914	2	]	]	PUNCT
taxlaw-2830	914	3	taxing	tax	VERB
taxlaw-2830	914	4	publicly	publicly	ADV
taxlaw-2830	914	5	traded	trade	VERB
taxlaw-2830	914	6	entities	entity	NOUN
taxlaw-2830	914	7	179	179	NUM
taxlaw-2830	914	8	1	1	NUM
taxlaw-2830	914	9	.	.	PUNCT
taxlaw-2830	915	1	how	how	SCONJ
taxlaw-2830	915	2	to	to	PART
taxlaw-2830	915	3	implement	implement	VERB
taxlaw-2830	915	4	an	an	DET
taxlaw-2830	915	5	alternative	alternative	ADJ
taxlaw-2830	915	6	regime	regime	NOUN
taxlaw-2830	915	7	a	a	DET
taxlaw-2830	915	8	system	system	NOUN
taxlaw-2830	915	9	that	that	PRON
taxlaw-2830	915	10	subjected	subject	VERB
taxlaw-2830	915	11	all	all	DET
taxlaw-2830	915	12	qualifying	qualify	VERB
taxlaw-2830	915	13	income	income	NOUN
taxlaw-2830	915	14	earned	earn	VERB
taxlaw-2830	915	15	by	by	ADP
taxlaw-2830	915	16	a	a	DET
taxlaw-2830	915	17	publicly	publicly	ADV
taxlaw-2830	915	18	traded	trade	VERB
taxlaw-2830	915	19	entity	entity	NOUN
taxlaw-2830	915	20	to	to	ADP
taxlaw-2830	915	21	one	one	NUM
taxlaw-2830	915	22	level	level	NOUN
taxlaw-2830	915	23	of	of	ADP
taxlaw-2830	915	24	tax	tax	NOUN
taxlaw-2830	915	25	and	and	CCONJ
taxlaw-2830	915	26	all	all	DET
taxlaw-2830	915	27	non	non	ADJ
taxlaw-2830	915	28	-	-	ADJ
taxlaw-2830	915	29	qualifying	qualifying	ADJ
taxlaw-2830	915	30	income	income	NOUN
taxlaw-2830	915	31	earned	earn	VERB
taxlaw-2830	915	32	by	by	ADP
taxlaw-2830	915	33	a	a	DET
taxlaw-2830	915	34	publicly	publicly	ADV
taxlaw-2830	915	35	traded	trade	VERB
taxlaw-2830	915	36	entity	entity	NOUN
taxlaw-2830	915	37	to	to	ADP
taxlaw-2830	915	38	two	two	NUM
taxlaw-2830	915	39	levels	level	NOUN
taxlaw-2830	915	40	of	of	ADP
taxlaw-2830	915	41	tax	tax	NOUN
taxlaw-2830	915	42	could	could	AUX
taxlaw-2830	915	43	be	be	AUX
taxlaw-2830	915	44	implemented	implement	VERB
taxlaw-2830	915	45	in	in	ADP
taxlaw-2830	915	46	at	at	ADV
taxlaw-2830	915	47	least	least	ADV
taxlaw-2830	915	48	three	three	NUM
taxlaw-2830	915	49	different	different	ADJ
taxlaw-2830	915	50	ways	way	NOUN
taxlaw-2830	915	51	.	.	PUNCT
taxlaw-2830	916	1	142	142	NUM
taxlaw-2830	916	2	none	none	NOUN
taxlaw-2830	916	3	of	of	ADP
taxlaw-2830	916	4	the	the	DET
taxlaw-2830	916	5	three	three	NUM
taxlaw-2830	916	6	methods	method	NOUN
taxlaw-2830	916	7	is	be	AUX
taxlaw-2830	916	8	simple	simple	ADJ
taxlaw-2830	916	9	.	.	PUNCT
taxlaw-2830	917	1	under	under	ADP
taxlaw-2830	917	2	the	the	DET
taxlaw-2830	917	3	first	first	ADJ
taxlaw-2830	917	4	method	method	NOUN
taxlaw-2830	917	5	,	,	PUNCT
taxlaw-2830	917	6	any	any	DET
taxlaw-2830	917	7	qualifying	qualify	VERB
taxlaw-2830	917	8	income	income	NOUN
taxlaw-2830	917	9	earned	earn	VERB
taxlaw-2830	917	10	by	by	ADP
taxlaw-2830	917	11	the	the	DET
taxlaw-2830	917	12	entity	entity	NOUN
taxlaw-2830	917	13	would	would	AUX
taxlaw-2830	917	14	be	be	AUX
taxlaw-2830	917	15	taxed	tax	VERB
taxlaw-2830	917	16	under	under	ADP
taxlaw-2830	917	17	a	a	DET
taxlaw-2830	917	18	pass	pass	VERB
taxlaw-2830	917	19	-	-	PUNCT
taxlaw-2830	917	20	through	through	ADP
taxlaw-2830	917	21	regime	regime	NOUN
taxlaw-2830	917	22	(	(	PUNCT
taxlaw-2830	917	23	so	so	SCONJ
taxlaw-2830	917	24	that	that	SCONJ
taxlaw-2830	917	25	the	the	DET
taxlaw-2830	917	26	entity	entity	NOUN
taxlaw-2830	917	27	itself	itself	PRON
taxlaw-2830	917	28	would	would	AUX
taxlaw-2830	917	29	not	not	PART
taxlaw-2830	917	30	be	be	AUX
taxlaw-2830	917	31	subject	subject	ADJ
taxlaw-2830	917	32	to	to	ADP
taxlaw-2830	917	33	tax	tax	NOUN
taxlaw-2830	917	34	on	on	ADP
taxlaw-2830	917	35	the	the	DET
taxlaw-2830	917	36	income	income	NOUN
taxlaw-2830	917	37	but	but	CCONJ
taxlaw-2830	917	38	the	the	DET
taxlaw-2830	917	39	owners	owner	NOUN
taxlaw-2830	917	40	of	of	ADP
taxlaw-2830	917	41	the	the	DET
taxlaw-2830	917	42	entity	entity	NOUN
taxlaw-2830	917	43	would	would	AUX
taxlaw-2830	917	44	be	be	AUX
taxlaw-2830	917	45	taxed	tax	VERB
taxlaw-2830	917	46	on	on	ADP
taxlaw-2830	917	47	the	the	DET
taxlaw-2830	917	48	income	income	NOUN
taxlaw-2830	917	49	directly	directly	ADV
taxlaw-2830	917	50	)	)	PUNCT
taxlaw-2830	917	51	while	while	SCONJ
taxlaw-2830	917	52	any	any	DET
taxlaw-2830	917	53	non	non	ADJ
taxlaw-2830	917	54	-	-	ADJ
taxlaw-2830	917	55	qualifying	qualify	VERB
taxlaw-2830	917	56	income	income	NOUN
taxlaw-2830	917	57	would	would	AUX
taxlaw-2830	917	58	be	be	AUX
taxlaw-2830	917	59	taxed	tax	VERB
taxlaw-2830	917	60	under	under	ADP
taxlaw-2830	917	61	a	a	DET
taxlaw-2830	917	62	corporate	corporate	ADJ
taxlaw-2830	917	63	tax	tax	NOUN
taxlaw-2830	917	64	regime	regime	NOUN
taxlaw-2830	917	65	(	(	PUNCT
taxlaw-2830	917	66	so	so	SCONJ
taxlaw-2830	917	67	that	that	SCONJ
taxlaw-2830	917	68	the	the	DET
taxlaw-2830	917	69	income	income	NOUN
taxlaw-2830	917	70	would	would	AUX
taxlaw-2830	917	71	be	be	AUX
taxlaw-2830	917	72	taxed	tax	VERB
taxlaw-2830	917	73	at	at	ADP
taxlaw-2830	917	74	the	the	DET
taxlaw-2830	917	75	entity	entity	NOUN
taxlaw-2830	917	76	level	level	NOUN
taxlaw-2830	917	77	and	and	CCONJ
taxlaw-2830	917	78	the	the	DET
taxlaw-2830	917	79	owner	owner	NOUN
taxlaw-2830	917	80	level	level	NOUN
taxlaw-2830	917	81	)	)	PUNCT
taxlaw-2830	917	82	.	.	PUNCT
taxlaw-2830	918	1	the	the	DET
taxlaw-2830	918	2	design	design	NOUN
taxlaw-2830	918	3	of	of	ADP
taxlaw-2830	918	4	the	the	DET
taxlaw-2830	918	5	first	first	ADJ
taxlaw-2830	918	6	method	method	NOUN
taxlaw-2830	918	7	is	be	AUX
taxlaw-2830	918	8	not	not	PART
taxlaw-2830	918	9	completely	completely	ADV
taxlaw-2830	918	10	unprecedented	unprecedented	ADJ
taxlaw-2830	918	11	.	.	PUNCT
taxlaw-2830	919	1	in	in	ADP
taxlaw-2830	919	2	the	the	DET
taxlaw-2830	919	3	context	context	NOUN
taxlaw-2830	919	4	of	of	ADP
taxlaw-2830	919	5	u.s	u.s	PROPN
taxlaw-2830	919	6	.	.	PROPN
taxlaw-2830	919	7	tax	tax	NOUN
taxlaw-2830	919	8	rules	rule	NOUN
taxlaw-2830	919	9	applicable	applicable	ADJ
taxlaw-2830	919	10	to	to	ADP
taxlaw-2830	919	11	non	non	ADJ
taxlaw-2830	919	12	-	-	ADJ
taxlaw-2830	919	13	u.s	u.s	ADJ
taxlaw-2830	919	14	.	.	PROPN
taxlaw-2830	919	15	corporations	corporation	NOUN
taxlaw-2830	919	16	,	,	PUNCT
taxlaw-2830	919	17	for	for	ADP
taxlaw-2830	919	18	instance	instance	NOUN
taxlaw-2830	919	19	,	,	PUNCT
taxlaw-2830	919	20	a	a	DET
taxlaw-2830	919	21	similar	similar	ADJ
taxlaw-2830	919	22	design	design	NOUN
taxlaw-2830	919	23	is	be	AUX
taxlaw-2830	919	24	employed	employ	VERB
taxlaw-2830	919	25	.	.	PUNCT
taxlaw-2830	920	1	in	in	ADP
taxlaw-2830	920	2	particular	particular	ADJ
taxlaw-2830	920	3	,	,	PUNCT
taxlaw-2830	920	4	if	if	SCONJ
taxlaw-2830	920	5	a	a	DET
taxlaw-2830	920	6	non	non	ADJ
taxlaw-2830	920	7	-	-	ADJ
taxlaw-2830	920	8	u.s	u.s	PROPN
taxlaw-2830	920	9	.	.	PROPN
taxlaw-2830	920	10	corporation	corporation	NOUN
taxlaw-2830	920	11	is	be	AUX
taxlaw-2830	920	12	a	a	DET
taxlaw-2830	920	13	―controlled	―controlle	VERB
taxlaw-2830	920	14	foreign	foreign	ADJ
taxlaw-2830	920	15	corporation,‖	corporation,‖	NOUN
taxlaw-2830	920	16	some	some	PRON
taxlaw-2830	920	17	,	,	PUNCT
taxlaw-2830	920	18	but	but	CCONJ
taxlaw-2830	920	19	not	not	PART
taxlaw-2830	920	20	all	all	PRON
taxlaw-2830	920	21	,	,	PUNCT
taxlaw-2830	920	22	of	of	ADP
taxlaw-2830	920	23	the	the	DET
taxlaw-2830	920	24	corporation‘s	corporation‘s	PROPN
taxlaw-2830	920	25	income	income	NOUN
taxlaw-2830	920	26	will	will	AUX
taxlaw-2830	920	27	be	be	AUX
taxlaw-2830	920	28	taxed	tax	VERB
taxlaw-2830	920	29	under	under	ADP
taxlaw-2830	920	30	a	a	DET
taxlaw-2830	920	31	pass	pass	VERB
taxlaw-2830	920	32	-	-	PUNCT
taxlaw-2830	920	33	through	through	ADP
taxlaw-2830	920	34	regime	regime	NOUN
taxlaw-2830	920	35	.	.	PUNCT
taxlaw-2830	921	1	143	143	NUM
taxlaw-2830	921	2	therefore	therefore	ADV
taxlaw-2830	921	3	,	,	PUNCT
taxlaw-2830	921	4	existing	exist	VERB
taxlaw-2830	921	5	rules	rule	NOUN
taxlaw-2830	921	6	could	could	AUX
taxlaw-2830	921	7	be	be	AUX
taxlaw-2830	921	8	used	use	VERB
taxlaw-2830	921	9	as	as	ADP
taxlaw-2830	921	10	a	a	DET
taxlaw-2830	921	11	baseline	baseline	NOUN
taxlaw-2830	921	12	for	for	ADP
taxlaw-2830	921	13	designing	design	VERB
taxlaw-2830	921	14	new	new	ADJ
taxlaw-2830	921	15	rules	rule	NOUN
taxlaw-2830	921	16	in	in	ADP
taxlaw-2830	921	17	the	the	DET
taxlaw-2830	921	18	publicly	publicly	ADV
taxlaw-2830	921	19	traded	trade	VERB
taxlaw-2830	921	20	entity	entity	NOUN
taxlaw-2830	921	21	context	context	NOUN
taxlaw-2830	921	22	.	.	PUNCT
taxlaw-2830	922	1	however	however	ADV
taxlaw-2830	922	2	,	,	PUNCT
taxlaw-2830	922	3	the	the	DET
taxlaw-2830	922	4	controlled	control	VERB
taxlaw-2830	922	5	foreign	foreign	ADJ
taxlaw-2830	922	6	corporation	corporation	NOUN
taxlaw-2830	922	7	rules	rule	NOUN
taxlaw-2830	922	8	only	only	ADV
taxlaw-2830	922	9	apply	apply	VERB
taxlaw-2830	922	10	in	in	ADP
taxlaw-2830	922	11	a	a	DET
taxlaw-2830	922	12	situation	situation	NOUN
taxlaw-2830	922	13	in	in	ADP
taxlaw-2830	922	14	which	which	PRON
taxlaw-2830	922	15	the	the	DET
taxlaw-2830	922	16	ownership	ownership	NOUN
taxlaw-2830	922	17	of	of	ADP
taxlaw-2830	922	18	a	a	DET
taxlaw-2830	922	19	corporation	corporation	NOUN
taxlaw-2830	922	20	is	be	AUX
taxlaw-2830	922	21	fairly	fairly	ADV
taxlaw-2830	922	22	concentrated	concentrated	ADJ
taxlaw-2830	922	23	in	in	ADP
taxlaw-2830	922	24	the	the	DET
taxlaw-2830	922	25	hands	hand	NOUN
taxlaw-2830	922	26	of	of	ADP
taxlaw-2830	922	27	a	a	DET
taxlaw-2830	922	28	small	small	ADJ
taxlaw-2830	922	29	number	number	NOUN
taxlaw-2830	922	30	of	of	ADP
taxlaw-2830	922	31	owners	owner	NOUN
taxlaw-2830	922	32	.	.	PUNCT
taxlaw-2830	923	1	144	144	NUM
taxlaw-2830	923	2	this	this	PRON
taxlaw-2830	923	3	makes	make	VERB
taxlaw-2830	923	4	application	application	NOUN
taxlaw-2830	923	5	of	of	ADP
taxlaw-2830	923	6	the	the	DET
taxlaw-2830	923	7	rules	rule	NOUN
taxlaw-2830	923	8	mechanically	mechanically	ADV
taxlaw-2830	923	9	simpler	simple	ADJ
taxlaw-2830	923	10	in	in	ADP
taxlaw-2830	923	11	the	the	DET
taxlaw-2830	923	12	context	context	NOUN
taxlaw-2830	923	13	in	in	ADP
taxlaw-2830	923	14	which	which	PRON
taxlaw-2830	923	15	they	they	PRON
taxlaw-2830	923	16	are	be	AUX
taxlaw-2830	923	17	currently	currently	ADV
taxlaw-2830	923	18	used	use	VERB
taxlaw-2830	923	19	,	,	PUNCT
taxlaw-2830	923	20	compared	compare	VERB
taxlaw-2830	923	21	to	to	ADP
taxlaw-2830	923	22	a	a	DET
taxlaw-2830	923	23	context	context	NOUN
taxlaw-2830	923	24	in	in	ADP
taxlaw-2830	923	25	which	which	PRON
taxlaw-2830	923	26	an	an	DET
taxlaw-2830	923	27	entity	entity	NOUN
taxlaw-2830	923	28	is	be	AUX
taxlaw-2830	923	29	widely	widely	ADV
taxlaw-2830	923	30	held	hold	VERB
taxlaw-2830	923	31	and	and	CCONJ
taxlaw-2830	923	32	its	its	PRON
taxlaw-2830	923	33	ownership	ownership	NOUN
taxlaw-2830	923	34	changes	change	NOUN
taxlaw-2830	923	35	frequently	frequently	ADV
taxlaw-2830	923	36	.	.	PUNCT
taxlaw-2830	924	1	under	under	ADP
taxlaw-2830	924	2	the	the	DET
taxlaw-2830	924	3	second	second	ADJ
taxlaw-2830	924	4	method	method	NOUN
taxlaw-2830	924	5	,	,	PUNCT
taxlaw-2830	924	6	a	a	DET
taxlaw-2830	924	7	publicly	publicly	ADV
taxlaw-2830	924	8	traded	trade	VERB
taxlaw-2830	924	9	entity	entity	NOUN
taxlaw-2830	924	10	would	would	AUX
taxlaw-2830	924	11	be	be	AUX
taxlaw-2830	924	12	subject	subject	ADJ
taxlaw-2830	924	13	to	to	ADP
taxlaw-2830	924	14	entitylevel	entitylevel	ADJ
taxlaw-2830	924	15	tax	tax	NOUN
taxlaw-2830	924	16	on	on	ADP
taxlaw-2830	924	17	all	all	PRON
taxlaw-2830	924	18	of	of	ADP
taxlaw-2830	924	19	its	its	PRON
taxlaw-2830	924	20	income	income	NOUN
taxlaw-2830	924	21	.	.	PUNCT
taxlaw-2830	925	1	however	however	ADV
taxlaw-2830	925	2	,	,	PUNCT
taxlaw-2830	925	3	the	the	DET
taxlaw-2830	925	4	publicly	publicly	ADV
taxlaw-2830	925	5	traded	trade	VERB
taxlaw-2830	925	6	entity	entity	NOUN
taxlaw-2830	925	7	would	would	AUX
taxlaw-2830	925	8	be	be	AUX
taxlaw-2830	925	9	entitled	entitle	VERB
taxlaw-2830	925	10	to	to	ADP
taxlaw-2830	925	11	a	a	DET
taxlaw-2830	925	12	deduction	deduction	NOUN
taxlaw-2830	925	13	for	for	ADP
taxlaw-2830	925	14	dividends	dividend	NOUN
taxlaw-2830	925	15	paid	pay	VERB
taxlaw-2830	925	16	but	but	CCONJ
taxlaw-2830	925	17	only	only	ADV
taxlaw-2830	925	18	to	to	ADP
taxlaw-2830	925	19	the	the	DET
taxlaw-2830	925	20	extent	extent	NOUN
taxlaw-2830	925	21	that	that	SCONJ
taxlaw-2830	925	22	the	the	DET
taxlaw-2830	925	23	dividends	dividend	NOUN
taxlaw-2830	925	24	were	be	AUX
taxlaw-2830	925	25	attributable	attributable	ADJ
taxlaw-2830	925	26	to	to	ADP
taxlaw-2830	925	27	qualifying	qualify	VERB
taxlaw-2830	925	28	income	income	NOUN
taxlaw-2830	925	29	earned	earn	VERB
taxlaw-2830	925	30	by	by	ADP
taxlaw-2830	925	31	the	the	DET
taxlaw-2830	925	32	entity	entity	NOUN
taxlaw-2830	925	33	.	.	PUNCT
taxlaw-2830	926	1	under	under	ADP
taxlaw-2830	926	2	the	the	DET
taxlaw-2830	926	3	third	third	ADJ
taxlaw-2830	926	4	method	method	NOUN
taxlaw-2830	926	5	,	,	PUNCT
taxlaw-2830	926	6	a	a	DET
taxlaw-2830	926	7	publicly	publicly	ADV
taxlaw-2830	926	8	traded	trade	VERB
taxlaw-2830	926	9	entity	entity	NOUN
taxlaw-2830	926	10	would	would	AUX
taxlaw-2830	926	11	be	be	AUX
taxlaw-2830	926	12	subject	subject	ADJ
taxlaw-2830	926	13	to	to	ADP
taxlaw-2830	926	14	entity	entity	NOUN
taxlaw-2830	926	15	-	-	PUNCT
taxlaw-2830	926	16	level	level	NOUN
taxlaw-2830	926	17	tax	tax	NOUN
taxlaw-2830	926	18	on	on	ADP
taxlaw-2830	926	19	all	all	PRON
taxlaw-2830	926	20	of	of	ADP
taxlaw-2830	926	21	its	its	PRON
taxlaw-2830	926	22	income	income	NOUN
taxlaw-2830	926	23	.	.	PUNCT
taxlaw-2830	927	1	however	however	ADV
taxlaw-2830	927	2	,	,	PUNCT
taxlaw-2830	927	3	the	the	DET
taxlaw-2830	927	4	owners	owner	NOUN
taxlaw-2830	927	5	of	of	ADP
taxlaw-2830	927	6	the	the	DET
taxlaw-2830	927	7	publicly	publicly	ADV
taxlaw-2830	927	8	traded	trade	VERB
taxlaw-2830	927	9	entity	entity	NOUN
taxlaw-2830	927	10	would	would	AUX
taxlaw-2830	927	11	be	be	AUX
taxlaw-2830	927	12	exempt	exempt	ADJ
taxlaw-2830	927	13	from	from	ADP
taxlaw-2830	927	14	tax	tax	NOUN
taxlaw-2830	927	15	on	on	ADP
taxlaw-2830	927	16	dividends	dividend	NOUN
taxlaw-2830	927	17	paid	pay	VERB
taxlaw-2830	927	18	,	,	PUNCT
taxlaw-2830	927	19	but	but	CCONJ
taxlaw-2830	927	20	only	only	ADV
taxlaw-2830	927	21	to	to	ADP
taxlaw-2830	927	22	the	the	DET
taxlaw-2830	927	23	extent	extent	NOUN
taxlaw-2830	927	24	that	that	SCONJ
taxlaw-2830	927	25	the	the	DET
taxlaw-2830	927	26	dividends	dividend	NOUN
taxlaw-2830	927	27	were	be	AUX
taxlaw-2830	927	28	attributable	attributable	ADJ
taxlaw-2830	927	29	to	to	ADP
taxlaw-2830	927	30	qualifying	qualify	VERB
taxlaw-2830	927	31	income	income	NOUN
taxlaw-2830	927	32	.	.	PUNCT
taxlaw-2830	928	1	under	under	ADP
taxlaw-2830	928	2	either	either	CCONJ
taxlaw-2830	928	3	the	the	DET
taxlaw-2830	928	4	second	second	ADJ
taxlaw-2830	928	5	or	or	CCONJ
taxlaw-2830	928	6	third	third	ADJ
taxlaw-2830	928	7	method	method	NOUN
taxlaw-2830	928	8	,	,	PUNCT
taxlaw-2830	928	9	in	in	ADP
taxlaw-2830	928	10	order	order	NOUN
taxlaw-2830	928	11	to	to	PART
taxlaw-2830	928	12	determine	determine	VERB
taxlaw-2830	928	13	the	the	DET
taxlaw-2830	928	14	extent	extent	NOUN
taxlaw-2830	928	15	to	to	PART
taxlaw-2830	928	16	which	which	PRON
taxlaw-2830	928	17	a	a	DET
taxlaw-2830	928	18	dividend	dividend	NOUN
taxlaw-2830	928	19	was	be	AUX
taxlaw-2830	928	20	attributable	attributable	ADJ
taxlaw-2830	928	21	to	to	ADP
taxlaw-2830	928	22	qualifying	qualify	VERB
taxlaw-2830	928	23	income	income	NOUN
taxlaw-2830	928	24	or	or	CCONJ
taxlaw-2830	928	25	non	non	ADJ
taxlaw-2830	928	26	-	-	ADJ
taxlaw-2830	928	27	qualifying	qualifying	ADJ
taxlaw-2830	928	28	income	income	NOUN
taxlaw-2830	928	29	,	,	PUNCT
taxlaw-2830	928	30	the	the	DET
taxlaw-2830	928	31	new	new	ADJ
taxlaw-2830	928	32	regime	regime	NOUN
taxlaw-2830	928	33	might	might	AUX
taxlaw-2830	928	34	assume	assume	VERB
taxlaw-2830	928	35	that	that	SCONJ
taxlaw-2830	928	36	the	the	DET
taxlaw-2830	928	37	amount	amount	NOUN
taxlaw-2830	928	38	of	of	ADP
taxlaw-2830	928	39	the	the	DET
taxlaw-2830	928	40	dividend	dividend	NOUN
taxlaw-2830	928	41	paid	pay	VERB
taxlaw-2830	928	42	from	from	ADP
taxlaw-2830	928	43	qualifying	qualify	VERB
taxlaw-2830	928	44	income	income	NOUN
taxlaw-2830	928	45	would	would	AUX
taxlaw-2830	928	46	equal	equal	VERB
taxlaw-2830	928	47	the	the	DET
taxlaw-2830	928	48	same	same	ADJ
taxlaw-2830	928	49	proportion	proportion	NOUN
taxlaw-2830	928	50	of	of	ADP
taxlaw-2830	928	51	the	the	DET
taxlaw-2830	928	52	entity‘s	entity‘s	PROPN
taxlaw-2830	928	53	income	income	NOUN
taxlaw-2830	928	54	that	that	PRON
taxlaw-2830	928	55	was	be	AUX
taxlaw-2830	928	56	qualifying	qualify	VERB
taxlaw-2830	928	57	income	income	NOUN
taxlaw-2830	928	58	over	over	ADP
taxlaw-2830	928	59	some	some	DET
taxlaw-2830	928	60	period	period	NOUN
taxlaw-2830	928	61	of	of	ADP
taxlaw-2830	928	62	time	time	NOUN
taxlaw-2830	928	63	.	.	PUNCT
taxlaw-2830	929	1	alternatively	alternatively	ADV
taxlaw-2830	929	2	,	,	PUNCT
taxlaw-2830	929	3	the	the	DET
taxlaw-2830	929	4	new	new	ADJ
taxlaw-2830	929	5	regime	regime	NOUN
taxlaw-2830	929	6	might	might	AUX
taxlaw-2830	929	7	assume	assume	VERB
taxlaw-2830	929	8	that	that	SCONJ
taxlaw-2830	929	9	qualifying	qualify	VERB
taxlaw-2830	929	10	(	(	PUNCT
taxlaw-2830	929	11	or	or	CCONJ
taxlaw-2830	929	12	non	non	ADJ
taxlaw-2830	929	13	-	-	ADJ
taxlaw-2830	929	14	qualifying	qualifying	ADJ
taxlaw-2830	929	15	)	)	PUNCT
taxlaw-2830	929	16	income	income	NOUN
taxlaw-2830	929	17	was	be	AUX
taxlaw-2830	929	18	always	always	ADV
taxlaw-2830	929	19	distributed	distribute	VERB
taxlaw-2830	929	20	first	first	ADV
taxlaw-2830	929	21	.	.	PUNCT
taxlaw-2830	930	1	any	any	PRON
taxlaw-2830	930	2	of	of	ADP
taxlaw-2830	930	3	the	the	DET
taxlaw-2830	930	4	three	three	NUM
taxlaw-2830	930	5	methods	method	NOUN
taxlaw-2830	930	6	would	would	AUX
taxlaw-2830	930	7	involve	involve	VERB
taxlaw-2830	930	8	significant	significant	ADJ
taxlaw-2830	930	9	mechanical	mechanical	ADJ
taxlaw-2830	930	10	complexity	complexity	NOUN
taxlaw-2830	930	11	.	.	PUNCT
taxlaw-2830	931	1	furthermore	furthermore	ADV
taxlaw-2830	931	2	,	,	PUNCT
taxlaw-2830	931	3	even	even	ADV
taxlaw-2830	931	4	though	though	SCONJ
taxlaw-2830	931	5	large	large	ADJ
taxlaw-2830	931	6	publicly	publicly	ADV
taxlaw-2830	931	7	traded	trade	VERB
taxlaw-2830	931	8	entities	entity	NOUN
taxlaw-2830	931	9	might	might	AUX
taxlaw-2830	931	10	be	be	AUX
taxlaw-2830	931	11	well	well	ADV
taxlaw-2830	931	12	equipped	equip	VERB
taxlaw-2830	931	13	for	for	ADP
taxlaw-2830	931	14	handling	handle	VERB
taxlaw-2830	931	15	mechanical	mechanical	ADJ
taxlaw-2830	931	16	complexity	complexity	NOUN
taxlaw-2830	931	17	,	,	PUNCT
taxlaw-2830	931	18	the	the	DET
taxlaw-2830	931	19	new	new	ADJ
taxlaw-2830	931	20	regime‘s	regime‘s	NOUN
taxlaw-2830	931	21	complexity	complexity	NOUN
taxlaw-2830	931	22	would	would	AUX
taxlaw-2830	931	23	also	also	ADV
taxlaw-2830	931	24	burden	burden	VERB
taxlaw-2830	931	25	the	the	DET
taxlaw-2830	931	26	irs	irs	PROPN
taxlaw-2830	931	27	given	give	VERB
taxlaw-2830	931	28	that	that	SCONJ
taxlaw-2830	931	29	it	it	PRON
taxlaw-2830	931	30	would	would	AUX
taxlaw-2830	931	31	need	need	VERB
taxlaw-2830	931	32	to	to	PART
taxlaw-2830	931	33	monitor	monitor	VERB
taxlaw-2830	931	34	for	for	ADP
taxlaw-2830	931	35	compliance	compliance	NOUN
taxlaw-2830	931	36	with	with	ADP
taxlaw-2830	931	37	the	the	DET
taxlaw-2830	931	38	new	new	ADJ
taxlaw-2830	931	39	rules	rule	NOUN
taxlaw-2830	931	40	.	.	PUNCT
taxlaw-2830	932	1	145	145	NUM
taxlaw-2830	932	2	142	142	NUM
taxlaw-2830	932	3	the	the	DET
taxlaw-2830	932	4	choice	choice	NOUN
taxlaw-2830	932	5	among	among	ADP
taxlaw-2830	932	6	these	these	DET
taxlaw-2830	932	7	three	three	NUM
taxlaw-2830	932	8	different	different	ADJ
taxlaw-2830	932	9	methods	method	NOUN
taxlaw-2830	932	10	is	be	AUX
taxlaw-2830	932	11	not	not	PART
taxlaw-2830	932	12	trivial	trivial	ADJ
taxlaw-2830	932	13	.	.	PUNCT
taxlaw-2830	933	1	for	for	ADP
taxlaw-2830	933	2	instance	instance	NOUN
taxlaw-2830	933	3	,	,	PUNCT
taxlaw-2830	933	4	the	the	DET
taxlaw-2830	933	5	tax	tax	NOUN
taxlaw-2830	933	6	consequences	consequence	NOUN
taxlaw-2830	933	7	for	for	ADP
taxlaw-2830	933	8	non	non	ADJ
taxlaw-2830	933	9	-	-	ADJ
taxlaw-2830	933	10	u.s	u.s	ADJ
taxlaw-2830	933	11	.	.	PROPN
taxlaw-2830	933	12	investors	investor	NOUN
taxlaw-2830	933	13	or	or	CCONJ
taxlaw-2830	933	14	tax	tax	NOUN
taxlaw-2830	933	15	-	-	PUNCT
taxlaw-2830	933	16	exempt	exempt	ADJ
taxlaw-2830	933	17	investors	investor	NOUN
taxlaw-2830	933	18	that	that	PRON
taxlaw-2830	933	19	hold	hold	VERB
taxlaw-2830	933	20	interests	interest	NOUN
taxlaw-2830	933	21	in	in	ADP
taxlaw-2830	933	22	the	the	DET
taxlaw-2830	933	23	publicly	publicly	ADV
taxlaw-2830	933	24	traded	trade	VERB
taxlaw-2830	933	25	entity	entity	NOUN
taxlaw-2830	933	26	could	could	AUX
taxlaw-2830	933	27	vary	vary	VERB
taxlaw-2830	933	28	depending	depend	VERB
taxlaw-2830	933	29	on	on	ADP
taxlaw-2830	933	30	which	which	DET
taxlaw-2830	933	31	method	method	NOUN
taxlaw-2830	933	32	was	be	AUX
taxlaw-2830	933	33	utilized	utilize	VERB
taxlaw-2830	933	34	.	.	PUNCT
taxlaw-2830	934	1	143	143	NUM
taxlaw-2830	934	2	any	any	DET
taxlaw-2830	934	3	u.s	u.s	PROPN
taxlaw-2830	934	4	.	.	PROPN
taxlaw-2830	934	5	shareholder	shareholder	NOUN
taxlaw-2830	934	6	in	in	ADP
taxlaw-2830	934	7	the	the	DET
taxlaw-2830	934	8	corporation	corporation	NOUN
taxlaw-2830	934	9	pays	pay	VERB
taxlaw-2830	934	10	tax	tax	NOUN
taxlaw-2830	934	11	under	under	ADP
taxlaw-2830	934	12	a	a	DET
taxlaw-2830	934	13	pass	pass	VERB
taxlaw-2830	934	14	-	-	PUNCT
taxlaw-2830	934	15	through	through	ADP
taxlaw-2830	934	16	regime	regime	NOUN
taxlaw-2830	934	17	with	with	ADP
taxlaw-2830	934	18	respect	respect	NOUN
taxlaw-2830	934	19	to	to	ADP
taxlaw-2830	934	20	any	any	DET
taxlaw-2830	934	21	subpart	subpart	NOUN
taxlaw-2830	934	22	f	f	NOUN
taxlaw-2830	934	23	income	income	NOUN
taxlaw-2830	934	24	earned	earn	VERB
taxlaw-2830	934	25	by	by	ADP
taxlaw-2830	934	26	the	the	DET
taxlaw-2830	934	27	corporation	corporation	NOUN
taxlaw-2830	934	28	.	.	PUNCT
taxlaw-2830	935	1	see	see	VERB
taxlaw-2830	935	2	i.r.c	i.r.c	NOUN
taxlaw-2830	935	3	.	.	PUNCT
taxlaw-2830	936	1	§	§	PROPN
taxlaw-2830	936	2	951	951	NUM
taxlaw-2830	936	3	(	(	PUNCT
taxlaw-2830	936	4	2007	2007	NUM
taxlaw-2830	936	5	)	)	PUNCT
taxlaw-2830	936	6	.	.	PUNCT
taxlaw-2830	937	1	144	144	NUM
taxlaw-2830	937	2	see	see	VERB
taxlaw-2830	937	3	i	i	PROPN
taxlaw-2830	937	4	d.	d.	PROPN
taxlaw-2830	937	5	;	;	PUNCT
taxlaw-2830	937	6	i.r.c	i.r.c	NOUN
taxlaw-2830	937	7	.	.	PUNCT
taxlaw-2830	938	1	§	§	PROPN
taxlaw-2830	938	2	957	957	NUM
taxlaw-2830	938	3	(	(	PUNCT
taxlaw-2830	938	4	2004	2004	NUM
taxlaw-2830	938	5	)	)	PUNCT
taxlaw-2830	938	6	.	.	PUNCT
taxlaw-2830	939	1	145	145	NUM
taxlaw-2830	939	2	furthermore	furthermore	ADV
taxlaw-2830	939	3	,	,	PUNCT
taxlaw-2830	939	4	if	if	SCONJ
taxlaw-2830	939	5	each	each	DET
taxlaw-2830	939	6	publicly	publicly	ADV
taxlaw-2830	939	7	traded	trade	VERB
taxlaw-2830	939	8	entity	entity	NOUN
taxlaw-2830	939	9	would	would	AUX
taxlaw-2830	939	10	continue	continue	VERB
taxlaw-2830	939	11	to	to	PART
taxlaw-2830	939	12	have	have	VERB
taxlaw-2830	939	13	the	the	DET
taxlaw-2830	939	14	ability	ability	NOUN
taxlaw-2830	939	15	to	to	PART
taxlaw-2830	939	16	elect	elect	VERB
taxlaw-2830	939	17	to	to	PART
taxlaw-2830	939	18	be	be	AUX
taxlaw-2830	939	19	treated	treat	VERB
taxlaw-2830	939	20	as	as	ADP
taxlaw-2830	939	21	a	a	DET
taxlaw-2830	939	22	corporation	corporation	NOUN
taxlaw-2830	939	23	for	for	ADP
taxlaw-2830	939	24	tax	tax	NOUN
taxlaw-2830	939	25	purposes	purpose	NOUN
taxlaw-2830	939	26	,	,	PUNCT
taxlaw-2830	939	27	and	and	CCONJ
taxlaw-2830	939	28	if	if	SCONJ
taxlaw-2830	939	29	this	this	DET
taxlaw-2830	939	30	election	election	NOUN
taxlaw-2830	939	31	continued	continue	VERB
taxlaw-2830	939	32	to	to	PART
taxlaw-2830	939	33	result	result	VERB
taxlaw-2830	939	34	in	in	ADP
taxlaw-2830	939	35	the	the	DET
taxlaw-2830	939	36	entity	entity	NOUN
taxlaw-2830	939	37	paying	pay	VERB
taxlaw-2830	939	38	corporate	corporate	ADJ
taxlaw-2830	939	39	-	-	PUNCT
taxlaw-2830	939	40	level	level	NOUN
taxlaw-2830	939	41	tax	tax	NOUN
taxlaw-2830	939	42	on	on	ADP
taxlaw-2830	939	43	all	all	PRON
taxlaw-2830	939	44	of	of	ADP
taxlaw-2830	939	45	its	its	PRON
taxlaw-2830	939	46	income	income	NOUN
taxlaw-2830	939	47	,	,	PUNCT
taxlaw-2830	939	48	the	the	DET
taxlaw-2830	939	49	availability	availability	NOUN
taxlaw-2830	939	50	of	of	ADP
taxlaw-2830	939	51	this	this	DET
taxlaw-2830	939	52	election	election	NOUN
taxlaw-2830	939	53	would	would	AUX
taxlaw-2830	939	54	address	address	VERB
taxlaw-2830	939	55	taxpayer	taxpayer	NOUN
taxlaw-2830	939	56	complaints	complaint	NOUN
taxlaw-2830	939	57	and	and	CCONJ
taxlaw-2830	939	58	alleviate	alleviate	VERB
taxlaw-2830	939	59	taxpayer	taxpayer	NOUN
taxlaw-2830	939	60	concerns	concern	NOUN
taxlaw-2830	939	61	about	about	ADP
taxlaw-2830	939	62	complexity	complexity	NOUN
taxlaw-2830	939	63	because	because	SCONJ
taxlaw-2830	939	64	taxpayers	taxpayer	NOUN
taxlaw-2830	939	65	who	who	PRON
taxlaw-2830	939	66	judged	judge	VERB
taxlaw-2830	939	67	the	the	DET
taxlaw-2830	939	68	mechanics	mechanic	NOUN
taxlaw-2830	939	69	of	of	ADP
taxlaw-2830	939	70	the	the	DET
taxlaw-2830	939	71	new	new	PROPN
taxlaw-2830	939	72	columbia	columbia	PROPN
taxlaw-2830	939	73	journal	journal	PROPN
taxlaw-2830	939	74	of	of	ADP
taxlaw-2830	939	75	tax	tax	NOUN
taxlaw-2830	939	76	law	law	NOUN
taxlaw-2830	939	77	[	[	X
taxlaw-2830	939	78	vol.6:147	vol.6:147	NOUN
taxlaw-2830	939	79	180	180	NUM
taxlaw-2830	939	80	given	give	VERB
taxlaw-2830	939	81	the	the	DET
taxlaw-2830	939	82	complexity	complexity	NOUN
taxlaw-2830	939	83	of	of	ADP
taxlaw-2830	939	84	the	the	DET
taxlaw-2830	939	85	new	new	ADJ
taxlaw-2830	939	86	regime	regime	NOUN
taxlaw-2830	939	87	,	,	PUNCT
taxlaw-2830	939	88	it	it	PRON
taxlaw-2830	939	89	should	should	AUX
taxlaw-2830	939	90	not	not	PART
taxlaw-2830	939	91	be	be	AUX
taxlaw-2830	939	92	adopted	adopt	VERB
taxlaw-2830	939	93	.	.	PUNCT
taxlaw-2830	940	1	first	first	ADV
taxlaw-2830	940	2	,	,	PUNCT
taxlaw-2830	940	3	it	it	PRON
taxlaw-2830	940	4	is	be	AUX
taxlaw-2830	940	5	unclear	unclear	ADJ
taxlaw-2830	940	6	that	that	SCONJ
taxlaw-2830	940	7	the	the	DET
taxlaw-2830	940	8	new	new	ADJ
taxlaw-2830	940	9	regime	regime	NOUN
taxlaw-2830	940	10	would	would	AUX
taxlaw-2830	940	11	eliminate	eliminate	VERB
taxlaw-2830	940	12	the	the	DET
taxlaw-2830	940	13	negative	negative	ADJ
taxlaw-2830	940	14	effects	effect	NOUN
taxlaw-2830	940	15	of	of	ADP
taxlaw-2830	940	16	arbitrariness	arbitrariness	NOUN
taxlaw-2830	940	17	,	,	PUNCT
taxlaw-2830	940	18	and	and	CCONJ
taxlaw-2830	940	19	second	second	ADV
taxlaw-2830	940	20	,	,	PUNCT
taxlaw-2830	940	21	limiting	limit	VERB
taxlaw-2830	940	22	the	the	DET
taxlaw-2830	940	23	scope	scope	NOUN
taxlaw-2830	940	24	of	of	ADP
taxlaw-2830	940	25	the	the	DET
taxlaw-2830	940	26	definition	definition	NOUN
taxlaw-2830	940	27	of	of	ADP
taxlaw-2830	940	28	qualifying	qualify	VERB
taxlaw-2830	940	29	income	income	NOUN
taxlaw-2830	940	30	,	,	PUNCT
taxlaw-2830	940	31	as	as	SCONJ
taxlaw-2830	940	32	proposed	propose	VERB
taxlaw-2830	940	33	by	by	ADP
taxlaw-2830	940	34	this	this	DET
taxlaw-2830	940	35	article	article	NOUN
taxlaw-2830	940	36	,	,	PUNCT
taxlaw-2830	940	37	ameliorates	ameliorate	NOUN
taxlaw-2830	940	38	,	,	PUNCT
taxlaw-2830	940	39	to	to	ADP
taxlaw-2830	940	40	some	some	DET
taxlaw-2830	940	41	degree	degree	NOUN
taxlaw-2830	940	42	,	,	PUNCT
taxlaw-2830	940	43	the	the	DET
taxlaw-2830	940	44	negative	negative	ADJ
taxlaw-2830	940	45	effects	effect	NOUN
taxlaw-2830	940	46	of	of	ADP
taxlaw-2830	940	47	arbitrariness	arbitrariness	NOUN
taxlaw-2830	940	48	,	,	PUNCT
taxlaw-2830	940	49	even	even	ADV
taxlaw-2830	940	50	if	if	SCONJ
taxlaw-2830	940	51	special	special	ADJ
taxlaw-2830	940	52	treatment	treatment	NOUN
taxlaw-2830	940	53	is	be	AUX
taxlaw-2830	940	54	only	only	ADV
taxlaw-2830	940	55	granted	grant	VERB
taxlaw-2830	940	56	to	to	ADP
taxlaw-2830	940	57	qualifying	qualify	VERB
taxlaw-2830	940	58	income	income	NOUN
taxlaw-2830	940	59	if	if	SCONJ
taxlaw-2830	940	60	an	an	DET
taxlaw-2830	940	61	entity	entity	NOUN
taxlaw-2830	940	62	earns	earn	VERB
taxlaw-2830	940	63	primarily	primarily	ADV
taxlaw-2830	940	64	qualifying	qualify	VERB
taxlaw-2830	940	65	income	income	NOUN
taxlaw-2830	940	66	.	.	PUNCT
taxlaw-2830	941	1	each	each	PRON
taxlaw-2830	941	2	of	of	ADP
taxlaw-2830	941	3	these	these	DET
taxlaw-2830	941	4	two	two	NUM
taxlaw-2830	941	5	observations	observation	NOUN
taxlaw-2830	941	6	is	be	AUX
taxlaw-2830	941	7	discussed	discuss	VERB
taxlaw-2830	941	8	in	in	ADP
taxlaw-2830	941	9	more	more	ADJ
taxlaw-2830	941	10	detail	detail	NOUN
taxlaw-2830	941	11	below	below	ADV
taxlaw-2830	941	12	.	.	PUNCT
taxlaw-2830	942	1	2	2	X
taxlaw-2830	942	2	.	.	X
taxlaw-2830	942	3	the	the	DET
taxlaw-2830	942	4	new	new	ADJ
taxlaw-2830	942	5	regime	regime	NOUN
taxlaw-2830	942	6	would	would	AUX
taxlaw-2830	942	7	not	not	PART
taxlaw-2830	942	8	necessarily	necessarily	ADV
taxlaw-2830	942	9	eliminate	eliminate	VERB
taxlaw-2830	942	10	the	the	DET
taxlaw-2830	942	11	negative	negative	ADJ
taxlaw-2830	942	12	effects	effect	NOUN
taxlaw-2830	942	13	of	of	ADP
taxlaw-2830	942	14	arbitrariness	arbitrariness	NOUN
taxlaw-2830	942	15	as	as	SCONJ
taxlaw-2830	942	16	discussed	discuss	VERB
taxlaw-2830	942	17	above	above	ADV
taxlaw-2830	942	18	,	,	PUNCT
taxlaw-2830	942	19	because	because	SCONJ
taxlaw-2830	942	20	publicly	publicly	ADV
taxlaw-2830	942	21	traded	trade	VERB
taxlaw-2830	942	22	entities	entity	NOUN
taxlaw-2830	942	23	are	be	AUX
taxlaw-2830	942	24	sophisticated	sophisticated	ADJ
taxlaw-2830	942	25	,	,	PUNCT
taxlaw-2830	942	26	the	the	DET
taxlaw-2830	942	27	main	main	ADJ
taxlaw-2830	942	28	negative	negative	ADJ
taxlaw-2830	942	29	consequence	consequence	NOUN
taxlaw-2830	942	30	of	of	ADP
taxlaw-2830	942	31	granting	grant	VERB
taxlaw-2830	942	32	special	special	ADJ
taxlaw-2830	942	33	treatment	treatment	NOUN
taxlaw-2830	942	34	to	to	ADP
taxlaw-2830	942	35	qualifying	qualify	VERB
taxlaw-2830	942	36	income	income	NOUN
taxlaw-2830	942	37	only	only	ADV
taxlaw-2830	942	38	when	when	SCONJ
taxlaw-2830	942	39	an	an	DET
taxlaw-2830	942	40	entity	entity	NOUN
taxlaw-2830	942	41	earns	earn	VERB
taxlaw-2830	942	42	primarily	primarily	ADV
taxlaw-2830	942	43	qualifying	qualify	VERB
taxlaw-2830	942	44	income	income	NOUN
taxlaw-2830	942	45	is	be	AUX
taxlaw-2830	942	46	that	that	SCONJ
taxlaw-2830	942	47	the	the	DET
taxlaw-2830	942	48	regime	regime	NOUN
taxlaw-2830	942	49	induces	induce	VERB
taxlaw-2830	942	50	entities	entity	NOUN
taxlaw-2830	942	51	to	to	PART
taxlaw-2830	942	52	engage	engage	VERB
taxlaw-2830	942	53	in	in	ADP
taxlaw-2830	942	54	costly	costly	ADJ
taxlaw-2830	942	55	,	,	PUNCT
taxlaw-2830	942	56	wasteful	wasteful	ADJ
taxlaw-2830	942	57	tax	tax	NOUN
taxlaw-2830	942	58	planning	planning	NOUN
taxlaw-2830	942	59	.	.	PUNCT
taxlaw-2830	943	1	for	for	ADP
taxlaw-2830	943	2	instance	instance	NOUN
taxlaw-2830	943	3	,	,	PUNCT
taxlaw-2830	943	4	an	an	DET
taxlaw-2830	943	5	entity	entity	NOUN
taxlaw-2830	943	6	might	might	AUX
taxlaw-2830	943	7	sacrifice	sacrifice	VERB
taxlaw-2830	943	8	operational	operational	ADJ
taxlaw-2830	943	9	efficiency	efficiency	NOUN
taxlaw-2830	943	10	by	by	ADP
taxlaw-2830	943	11	implementing	implement	VERB
taxlaw-2830	943	12	a	a	DET
taxlaw-2830	943	13	structure	structure	NOUN
taxlaw-2830	943	14	in	in	ADP
taxlaw-2830	943	15	which	which	PRON
taxlaw-2830	943	16	all	all	DET
taxlaw-2830	943	17	non	non	ADJ
taxlaw-2830	943	18	-	-	ADJ
taxlaw-2830	943	19	qualifying	qualifying	ADJ
taxlaw-2830	943	20	income	income	NOUN
taxlaw-2830	943	21	was	be	AUX
taxlaw-2830	943	22	earned	earn	VERB
taxlaw-2830	943	23	by	by	ADP
taxlaw-2830	943	24	an	an	DET
taxlaw-2830	943	25	unrelated	unrelated	ADJ
taxlaw-2830	943	26	entity	entity	NOUN
taxlaw-2830	943	27	so	so	SCONJ
taxlaw-2830	943	28	that	that	SCONJ
taxlaw-2830	943	29	the	the	DET
taxlaw-2830	943	30	entity‘s	entity‘s	PROPN
taxlaw-2830	943	31	qualifying	qualify	VERB
taxlaw-2830	943	32	income	income	NOUN
taxlaw-2830	943	33	could	could	AUX
taxlaw-2830	943	34	obtain	obtain	VERB
taxlaw-2830	943	35	exemption	exemption	NOUN
taxlaw-2830	943	36	from	from	ADP
taxlaw-2830	943	37	corporate	corporate	ADJ
taxlaw-2830	943	38	-	-	PUNCT
taxlaw-2830	943	39	level	level	NOUN
taxlaw-2830	943	40	tax	tax	NOUN
taxlaw-2830	943	41	.	.	PUNCT
taxlaw-2830	944	1	even	even	ADV
taxlaw-2830	944	2	if	if	SCONJ
taxlaw-2830	944	3	congress	congress	PROPN
taxlaw-2830	944	4	adopted	adopt	VERB
taxlaw-2830	944	5	a	a	DET
taxlaw-2830	944	6	new	new	ADJ
taxlaw-2830	944	7	regime	regime	NOUN
taxlaw-2830	944	8	under	under	ADP
taxlaw-2830	944	9	which	which	PRON
taxlaw-2830	944	10	beneficial	beneficial	ADJ
taxlaw-2830	944	11	treatment	treatment	NOUN
taxlaw-2830	944	12	was	be	AUX
taxlaw-2830	944	13	always	always	ADV
taxlaw-2830	944	14	bestowed	bestow	VERB
taxlaw-2830	944	15	upon	upon	SCONJ
taxlaw-2830	944	16	qualifying	qualify	VERB
taxlaw-2830	944	17	income	income	NOUN
taxlaw-2830	944	18	,	,	PUNCT
taxlaw-2830	944	19	regardless	regardless	ADV
taxlaw-2830	944	20	of	of	ADP
taxlaw-2830	944	21	whether	whether	SCONJ
taxlaw-2830	944	22	an	an	DET
taxlaw-2830	944	23	entity	entity	NOUN
taxlaw-2830	944	24	earned	earn	VERB
taxlaw-2830	944	25	more	more	ADJ
taxlaw-2830	944	26	than	than	ADP
taxlaw-2830	944	27	insubstantial	insubstantial	ADJ
taxlaw-2830	944	28	amounts	amount	NOUN
taxlaw-2830	944	29	of	of	ADP
taxlaw-2830	944	30	non	non	ADJ
taxlaw-2830	944	31	-	-	ADJ
taxlaw-2830	944	32	qualifying	qualifying	ADJ
taxlaw-2830	944	33	income	income	NOUN
taxlaw-2830	944	34	,	,	PUNCT
taxlaw-2830	944	35	taxpayers	taxpayer	NOUN
taxlaw-2830	944	36	could	could	AUX
taxlaw-2830	944	37	still	still	ADV
taxlaw-2830	944	38	have	have	VERB
taxlaw-2830	944	39	some	some	DET
taxlaw-2830	944	40	incentive	incentive	NOUN
taxlaw-2830	944	41	to	to	PART
taxlaw-2830	944	42	earn	earn	VERB
taxlaw-2830	944	43	non	non	ADJ
taxlaw-2830	944	44	-	-	ADJ
taxlaw-2830	944	45	qualifying	qualifying	ADJ
taxlaw-2830	944	46	income	income	NOUN
taxlaw-2830	944	47	through	through	ADP
taxlaw-2830	944	48	a	a	DET
taxlaw-2830	944	49	separate	separate	ADJ
taxlaw-2830	944	50	corporation	corporation	NOUN
taxlaw-2830	944	51	,	,	PUNCT
taxlaw-2830	944	52	depending	depend	VERB
taxlaw-2830	944	53	on	on	ADP
taxlaw-2830	944	54	how	how	SCONJ
taxlaw-2830	944	55	the	the	DET
taxlaw-2830	944	56	regime	regime	NOUN
taxlaw-2830	944	57	was	be	AUX
taxlaw-2830	944	58	implemented	implement	VERB
taxlaw-2830	944	59	.	.	PUNCT
taxlaw-2830	945	1	for	for	ADP
taxlaw-2830	945	2	instance	instance	NOUN
taxlaw-2830	945	3	,	,	PUNCT
taxlaw-2830	945	4	earning	earn	VERB
taxlaw-2830	945	5	non	non	ADJ
taxlaw-2830	945	6	-	-	ADJ
taxlaw-2830	945	7	qualifying	qualifying	ADJ
taxlaw-2830	945	8	income	income	NOUN
taxlaw-2830	945	9	through	through	ADP
taxlaw-2830	945	10	a	a	DET
taxlaw-2830	945	11	separate	separate	ADJ
taxlaw-2830	945	12	corporation	corporation	NOUN
taxlaw-2830	945	13	could	could	AUX
taxlaw-2830	945	14	ensure	ensure	VERB
taxlaw-2830	945	15	that	that	SCONJ
taxlaw-2830	945	16	,	,	PUNCT
taxlaw-2830	945	17	when	when	SCONJ
taxlaw-2830	945	18	the	the	DET
taxlaw-2830	945	19	corporation	corporation	NOUN
taxlaw-2830	945	20	issued	issue	VERB
taxlaw-2830	945	21	debt	debt	NOUN
taxlaw-2830	945	22	to	to	ADP
taxlaw-2830	945	23	the	the	DET
taxlaw-2830	945	24	public	public	ADJ
taxlaw-2830	945	25	and	and	CCONJ
taxlaw-2830	945	26	incurred	incurred	ADJ
taxlaw-2830	945	27	interest	interest	NOUN
taxlaw-2830	945	28	expense	expense	NOUN
taxlaw-2830	945	29	,	,	PUNCT
taxlaw-2830	945	30	the	the	DET
taxlaw-2830	945	31	interest	interest	NOUN
taxlaw-2830	945	32	expense	expense	NOUN
taxlaw-2830	945	33	would	would	AUX
taxlaw-2830	945	34	be	be	AUX
taxlaw-2830	945	35	deducted	deduct	VERB
taxlaw-2830	945	36	from	from	ADP
taxlaw-2830	945	37	non	non	ADJ
taxlaw-2830	945	38	-	-	ADJ
taxlaw-2830	945	39	qualifying	qualifying	ADJ
taxlaw-2830	945	40	income	income	NOUN
taxlaw-2830	945	41	only	only	ADV
taxlaw-2830	945	42	.	.	PUNCT
taxlaw-2830	946	1	if	if	SCONJ
taxlaw-2830	946	2	qualifying	qualifying	NOUN
taxlaw-2830	946	3	and	and	CCONJ
taxlaw-2830	946	4	non	non	ADJ
taxlaw-2830	946	5	-	-	ADJ
taxlaw-2830	946	6	qualifying	qualifying	ADJ
taxlaw-2830	946	7	income	income	NOUN
taxlaw-2830	946	8	were	be	AUX
taxlaw-2830	946	9	earned	earn	VERB
taxlaw-2830	946	10	by	by	ADP
taxlaw-2830	946	11	the	the	DET
taxlaw-2830	946	12	same	same	ADJ
taxlaw-2830	946	13	entity	entity	NOUN
taxlaw-2830	946	14	,	,	PUNCT
taxlaw-2830	946	15	some	some	PRON
taxlaw-2830	946	16	of	of	ADP
taxlaw-2830	946	17	the	the	DET
taxlaw-2830	946	18	tax	tax	NOUN
taxlaw-2830	946	19	benefit	benefit	NOUN
taxlaw-2830	946	20	of	of	ADP
taxlaw-2830	946	21	any	any	DET
taxlaw-2830	946	22	interest	interest	NOUN
taxlaw-2830	946	23	expense	expense	NOUN
taxlaw-2830	946	24	might	might	AUX
taxlaw-2830	946	25	be	be	AUX
taxlaw-2830	946	26	lost	lose	VERB
taxlaw-2830	946	27	if	if	SCONJ
taxlaw-2830	946	28	the	the	DET
taxlaw-2830	946	29	entity	entity	NOUN
taxlaw-2830	946	30	deducted	deduct	VERB
taxlaw-2830	946	31	some	some	PRON
taxlaw-2830	946	32	of	of	ADP
taxlaw-2830	946	33	it	it	PRON
taxlaw-2830	946	34	from	from	ADP
taxlaw-2830	946	35	qualifying	qualify	VERB
taxlaw-2830	946	36	income	income	NOUN
taxlaw-2830	946	37	.	.	PUNCT
taxlaw-2830	947	1	146	146	NUM
taxlaw-2830	947	2	3	3	NUM
taxlaw-2830	947	3	.	.	PUNCT
taxlaw-2830	948	1	the	the	DET
taxlaw-2830	948	2	new	new	ADJ
taxlaw-2830	948	3	definition	definition	NOUN
taxlaw-2830	948	4	of	of	ADP
taxlaw-2830	948	5	qualifying	qualify	VERB
taxlaw-2830	948	6	income	income	NOUN
taxlaw-2830	948	7	partially	partially	ADV
taxlaw-2830	948	8	mitigates	mitigate	VERB
taxlaw-2830	948	9	the	the	DET
taxlaw-2830	948	10	negative	negative	ADJ
taxlaw-2830	948	11	effects	effect	NOUN
taxlaw-2830	948	12	of	of	ADP
taxlaw-2830	948	13	arbitrariness	arbitrariness	NOUN
taxlaw-2830	948	14	as	as	SCONJ
taxlaw-2830	948	15	discussed	discuss	VERB
taxlaw-2830	948	16	above	above	ADV
taxlaw-2830	948	17	,	,	PUNCT
taxlaw-2830	948	18	beneficial	beneficial	ADJ
taxlaw-2830	948	19	treatment	treatment	NOUN
taxlaw-2830	948	20	is	be	AUX
taxlaw-2830	948	21	only	only	ADV
taxlaw-2830	948	22	bestowed	bestow	VERB
taxlaw-2830	948	23	upon	upon	SCONJ
taxlaw-2830	948	24	qualifying	qualify	VERB
taxlaw-2830	948	25	income	income	NOUN
taxlaw-2830	948	26	once	once	SCONJ
taxlaw-2830	948	27	the	the	DET
taxlaw-2830	948	28	amount	amount	NOUN
taxlaw-2830	948	29	of	of	ADP
taxlaw-2830	948	30	qualifying	qualify	VERB
taxlaw-2830	948	31	income	income	NOUN
taxlaw-2830	948	32	earned	earn	VERB
taxlaw-2830	948	33	by	by	ADP
taxlaw-2830	948	34	a	a	DET
taxlaw-2830	948	35	publicly	publicly	ADV
taxlaw-2830	948	36	traded	trade	VERB
taxlaw-2830	948	37	entity	entity	NOUN
taxlaw-2830	948	38	crosses	crosse	NOUN
taxlaw-2830	948	39	an	an	DET
taxlaw-2830	948	40	arbitrary	arbitrary	ADJ
taxlaw-2830	948	41	threshold	threshold	NOUN
taxlaw-2830	948	42	.	.	PUNCT
taxlaw-2830	949	1	in	in	ADP
taxlaw-2830	949	2	the	the	DET
taxlaw-2830	949	3	context	context	NOUN
taxlaw-2830	949	4	of	of	ADP
taxlaw-2830	949	5	rules	rule	NOUN
taxlaw-2830	949	6	that	that	PRON
taxlaw-2830	949	7	affect	affect	VERB
taxlaw-2830	949	8	sophisticated	sophisticated	ADJ
taxlaw-2830	949	9	taxpayers	taxpayer	NOUN
taxlaw-2830	949	10	,	,	PUNCT
taxlaw-2830	949	11	the	the	DET
taxlaw-2830	949	12	primary	primary	ADJ
taxlaw-2830	949	13	negative	negative	ADJ
taxlaw-2830	949	14	effect	effect	NOUN
taxlaw-2830	949	15	of	of	ADP
taxlaw-2830	949	16	this	this	DET
taxlaw-2830	949	17	arbitrary	arbitrary	ADJ
taxlaw-2830	949	18	feature	feature	NOUN
taxlaw-2830	949	19	may	may	AUX
taxlaw-2830	949	20	be	be	AUX
taxlaw-2830	949	21	the	the	DET
taxlaw-2830	949	22	fact	fact	NOUN
taxlaw-2830	949	23	that	that	SCONJ
taxlaw-2830	949	24	it	it	PRON
taxlaw-2830	949	25	encourages	encourage	VERB
taxlaw-2830	949	26	taxpayers	taxpayer	NOUN
taxlaw-2830	949	27	to	to	PART
taxlaw-2830	949	28	engage	engage	VERB
taxlaw-2830	949	29	in	in	ADP
taxlaw-2830	949	30	wasteful	wasteful	ADJ
taxlaw-2830	949	31	tax	tax	NOUN
taxlaw-2830	949	32	planning	planning	NOUN
taxlaw-2830	949	33	.	.	PUNCT
taxlaw-2830	950	1	however	however	ADV
taxlaw-2830	950	2	,	,	PUNCT
taxlaw-2830	950	3	even	even	ADV
taxlaw-2830	950	4	if	if	SCONJ
taxlaw-2830	950	5	this	this	DET
taxlaw-2830	950	6	arbitrary	arbitrary	ADJ
taxlaw-2830	950	7	feature	feature	NOUN
taxlaw-2830	950	8	remains	remain	VERB
taxlaw-2830	950	9	,	,	PUNCT
taxlaw-2830	950	10	narrowing	narrow	VERB
taxlaw-2830	950	11	the	the	DET
taxlaw-2830	950	12	scope	scope	NOUN
taxlaw-2830	950	13	of	of	ADP
taxlaw-2830	950	14	qualifying	qualify	VERB
taxlaw-2830	950	15	income	income	NOUN
taxlaw-2830	950	16	as	as	SCONJ
taxlaw-2830	950	17	proposed	propose	VERB
taxlaw-2830	950	18	by	by	ADP
taxlaw-2830	950	19	this	this	DET
taxlaw-2830	950	20	article	article	NOUN
taxlaw-2830	950	21	may	may	AUX
taxlaw-2830	950	22	address	address	VERB
taxlaw-2830	950	23	the	the	DET
taxlaw-2830	950	24	concern	concern	NOUN
taxlaw-2830	950	25	about	about	ADP
taxlaw-2830	950	26	wasteful	wasteful	ADJ
taxlaw-2830	950	27	tax	tax	NOUN
taxlaw-2830	950	28	planning	planning	NOUN
taxlaw-2830	950	29	in	in	ADP
taxlaw-2830	950	30	two	two	NUM
taxlaw-2830	950	31	ways	way	NOUN
taxlaw-2830	950	32	.	.	PUNCT
taxlaw-2830	951	1	first	first	ADV
taxlaw-2830	951	2	,	,	PUNCT
taxlaw-2830	951	3	as	as	SCONJ
taxlaw-2830	951	4	discussed	discuss	VERB
taxlaw-2830	951	5	in	in	ADP
taxlaw-2830	951	6	part	part	NOUN
taxlaw-2830	951	7	v.a	v.a	PROPN
taxlaw-2830	951	8	,	,	PUNCT
taxlaw-2830	951	9	under	under	ADP
taxlaw-2830	951	10	the	the	DET
taxlaw-2830	951	11	new	new	ADJ
taxlaw-2830	951	12	definition	definition	NOUN
taxlaw-2830	951	13	of	of	ADP
taxlaw-2830	951	14	qualifying	qualify	VERB
taxlaw-2830	951	15	income	income	NOUN
taxlaw-2830	951	16	,	,	PUNCT
taxlaw-2830	951	17	taxpayers	taxpayer	NOUN
taxlaw-2830	951	18	will	will	AUX
taxlaw-2830	951	19	have	have	VERB
taxlaw-2830	951	20	a	a	DET
taxlaw-2830	951	21	more	more	ADV
taxlaw-2830	951	22	difficult	difficult	ADJ
taxlaw-2830	951	23	time	time	NOUN
taxlaw-2830	951	24	manipulating	manipulate	VERB
taxlaw-2830	951	25	the	the	DET
taxlaw-2830	951	26	characterization	characterization	NOUN
taxlaw-2830	951	27	of	of	ADP
taxlaw-2830	951	28	income	income	NOUN
taxlaw-2830	951	29	as	as	ADP
taxlaw-2830	951	30	qualifying	qualify	VERB
taxlaw-2830	951	31	income	income	NOUN
taxlaw-2830	951	32	or	or	CCONJ
taxlaw-2830	951	33	non	non	ADJ
taxlaw-2830	951	34	-	-	ADJ
taxlaw-2830	951	35	qualifying	qualifying	ADJ
taxlaw-2830	951	36	regime	regime	NOUN
taxlaw-2830	951	37	to	to	PART
taxlaw-2830	951	38	be	be	AUX
taxlaw-2830	951	39	too	too	ADV
taxlaw-2830	951	40	onerous	onerous	ADJ
taxlaw-2830	951	41	could	could	AUX
taxlaw-2830	951	42	opt	opt	VERB
taxlaw-2830	951	43	for	for	ADP
taxlaw-2830	951	44	treatment	treatment	NOUN
taxlaw-2830	951	45	under	under	ADP
taxlaw-2830	951	46	existing	exist	VERB
taxlaw-2830	951	47	law	law	NOUN
taxlaw-2830	951	48	.	.	PUNCT
taxlaw-2830	952	1	the	the	DET
taxlaw-2830	952	2	availability	availability	NOUN
taxlaw-2830	952	3	of	of	ADP
taxlaw-2830	952	4	the	the	DET
taxlaw-2830	952	5	elect	elect	NOUN
taxlaw-2830	952	6	ion	ion	NOUN
taxlaw-2830	952	7	would	would	AUX
taxlaw-2830	952	8	not	not	PART
taxlaw-2830	952	9	,	,	PUNCT
taxlaw-2830	952	10	however	however	ADV
taxlaw-2830	952	11	,	,	PUNCT
taxlaw-2830	952	12	alleviate	alleviate	VERB
taxlaw-2830	952	13	complexity	complexity	NOUN
taxlaw-2830	952	14	faced	face	VERB
taxlaw-2830	952	15	by	by	ADP
taxlaw-2830	952	16	the	the	DET
taxlaw-2830	952	17	irs	irs	PROPN
taxlaw-2830	952	18	when	when	SCONJ
taxlaw-2830	952	19	monitoring	monitor	VERB
taxlaw-2830	952	20	compliance	compliance	NOUN
taxlaw-2830	952	21	with	with	ADP
taxlaw-2830	952	22	the	the	DET
taxlaw-2830	952	23	new	new	ADJ
taxlaw-2830	952	24	regime	regime	NOUN
taxlaw-2830	952	25	.	.	PUNCT
taxlaw-2830	953	1	146	146	NUM
taxlaw-2830	953	2	whether	whether	SCONJ
taxlaw-2830	953	3	this	this	PRON
taxlaw-2830	953	4	would	would	AUX
taxlaw-2830	953	5	occur	occur	VERB
taxlaw-2830	953	6	would	would	AUX
taxlaw-2830	953	7	depend	depend	VERB
taxlaw-2830	953	8	,	,	PUNCT
taxlaw-2830	953	9	in	in	ADP
taxlaw-2830	953	10	part	part	NOUN
taxlaw-2830	953	11	,	,	PUNCT
taxlaw-2830	953	12	on	on	ADP
taxlaw-2830	953	13	how	how	SCONJ
taxlaw-2830	953	14	the	the	DET
taxlaw-2830	953	15	new	new	ADJ
taxlaw-2830	953	16	regime	regime	NOUN
taxlaw-2830	953	17	was	be	AUX
taxlaw-2830	953	18	implemented	implement	VERB
taxlaw-2830	953	19	.	.	PUNCT
taxlaw-2830	954	1	furthermore	furthermore	ADV
taxlaw-2830	954	2	,	,	PUNCT
taxlaw-2830	954	3	other	other	ADJ
taxlaw-2830	954	4	mechanical	mechanical	ADJ
taxlaw-2830	954	5	aspects	aspect	NOUN
taxlaw-2830	954	6	of	of	ADP
taxlaw-2830	954	7	the	the	DET
taxlaw-2830	954	8	new	new	ADJ
taxlaw-2830	954	9	regime	regime	NOUN
taxlaw-2830	954	10	could	could	AUX
taxlaw-2830	954	11	affect	affect	VERB
taxlaw-2830	954	12	whether	whether	SCONJ
taxlaw-2830	954	13	taxpayers	taxpayer	NOUN
taxlaw-2830	954	14	continued	continue	VERB
taxlaw-2830	954	15	to	to	PART
taxlaw-2830	954	16	have	have	VERB
taxlaw-2830	954	17	an	an	DET
taxlaw-2830	954	18	incentive	incentive	NOUN
taxlaw-2830	954	19	to	to	PART
taxlaw-2830	954	20	segregate	segregate	VERB
taxlaw-2830	954	21	qualifying	qualify	VERB
taxlaw-2830	954	22	income	income	NOUN
taxlaw-2830	954	23	from	from	ADP
taxlaw-2830	954	24	non	non	ADJ
taxlaw-2830	954	25	-	-	ADJ
taxlaw-2830	954	26	qualifying	qualifying	ADJ
taxlaw-2830	954	27	income	income	NOUN
taxlaw-2830	954	28	.	.	PUNCT
taxlaw-2830	955	1	for	for	ADP
taxlaw-2830	955	2	instance	instance	NOUN
taxlaw-2830	955	3	,	,	PUNCT
taxlaw-2830	955	4	assume	assume	VERB
taxlaw-2830	955	5	the	the	DET
taxlaw-2830	955	6	regime	regime	NOUN
taxlaw-2830	955	7	was	be	AUX
taxlaw-2830	955	8	implemented	implement	VERB
taxlaw-2830	955	9	by	by	ADP
taxlaw-2830	955	10	using	use	VERB
taxlaw-2830	955	11	either	either	CCONJ
taxlaw-2830	955	12	the	the	DET
taxlaw-2830	955	13	second	second	ADJ
taxlaw-2830	955	14	or	or	CCONJ
taxlaw-2830	955	15	the	the	DET
taxlaw-2830	955	16	third	third	ADJ
taxlaw-2830	955	17	method	method	NOUN
taxlaw-2830	955	18	described	describe	VERB
taxlaw-2830	955	19	above	above	ADP
taxlaw-2830	955	20	in	in	ADP
taxlaw-2830	955	21	part	part	NOUN
taxlaw-2830	955	22	v.b.1	v.b.1	NOUN
taxlaw-2830	955	23	.	.	PUNCT
taxlaw-2830	956	1	further	far	ADV
taxlaw-2830	956	2	,	,	PUNCT
taxlaw-2830	956	3	assume	assume	VERB
taxlaw-2830	956	4	that	that	SCONJ
taxlaw-2830	956	5	the	the	DET
taxlaw-2830	956	6	amount	amount	NOUN
taxlaw-2830	956	7	of	of	ADP
taxlaw-2830	956	8	any	any	DET
taxlaw-2830	956	9	dividend	dividend	NOUN
taxlaw-2830	956	10	paid	pay	VERB
taxlaw-2830	956	11	from	from	ADP
taxlaw-2830	956	12	qualifying	qualify	VERB
taxlaw-2830	956	13	income	income	NOUN
taxlaw-2830	956	14	was	be	AUX
taxlaw-2830	956	15	determined	determine	VERB
taxlaw-2830	956	16	either	either	CCONJ
taxlaw-2830	956	17	by	by	ADP
taxlaw-2830	956	18	considering	consider	VERB
taxlaw-2830	956	19	the	the	DET
taxlaw-2830	956	20	proportion	proportion	NOUN
taxlaw-2830	956	21	of	of	ADP
taxlaw-2830	956	22	the	the	DET
taxlaw-2830	956	23	entity‘s	entity‘s	PROPN
taxlaw-2830	956	24	income	income	NOUN
taxlaw-2830	956	25	that	that	PRON
taxlaw-2830	956	26	was	be	AUX
taxlaw-2830	956	27	qualifying	qualify	VERB
taxlaw-2830	956	28	income	income	NOUN
taxlaw-2830	956	29	over	over	ADP
taxlaw-2830	956	30	some	some	DET
taxlaw-2830	956	31	period	period	NOUN
taxlaw-2830	956	32	of	of	ADP
taxlaw-2830	956	33	time	time	NOUN
taxlaw-2830	956	34	or	or	CCONJ
taxlaw-2830	956	35	by	by	ADP
taxlaw-2830	956	36	assuming	assume	VERB
taxlaw-2830	956	37	that	that	SCONJ
taxlaw-2830	956	38	non	non	ADJ
taxlaw-2830	956	39	-	-	ADJ
taxlaw-2830	956	40	qualifying	qualifying	ADJ
taxlaw-2830	956	41	income	income	NOUN
taxlaw-2830	956	42	was	be	AUX
taxlaw-2830	956	43	always	always	ADV
taxlaw-2830	956	44	distributed	distribute	VERB
taxlaw-2830	956	45	first	first	ADV
taxlaw-2830	956	46	.	.	PUNCT
taxlaw-2830	957	1	in	in	ADP
taxlaw-2830	957	2	addition	addition	NOUN
taxlaw-2830	957	3	,	,	PUNCT
taxlaw-2830	957	4	assume	assume	VERB
taxlaw-2830	957	5	that	that	SCONJ
taxlaw-2830	957	6	a	a	DET
taxlaw-2830	957	7	taxpayer	taxpayer	NOUN
taxlaw-2830	957	8	intends	intend	VERB
taxlaw-2830	957	9	to	to	PART
taxlaw-2830	957	10	currently	currently	ADV
taxlaw-2830	957	11	distribute	distribute	VERB
taxlaw-2830	957	12	its	its	PRON
taxlaw-2830	957	13	qualifying	qualifying	NOUN
taxlaw-2830	957	14	income	income	NOUN
taxlaw-2830	957	15	but	but	CCONJ
taxlaw-2830	957	16	may	may	AUX
taxlaw-2830	957	17	retain	retain	VERB
taxlaw-2830	957	18	its	its	PRON
taxlaw-2830	957	19	non	non	ADJ
taxlaw-2830	957	20	-	-	ADJ
taxlaw-2830	957	21	qualifying	qualifying	ADJ
taxlaw-2830	957	22	income	income	NOUN
taxlaw-2830	957	23	for	for	ADP
taxlaw-2830	957	24	some	some	DET
taxlaw-2830	957	25	period	period	NOUN
taxlaw-2830	957	26	of	of	ADP
taxlaw-2830	957	27	time	time	NOUN
taxlaw-2830	957	28	.	.	PUNCT
taxlaw-2830	958	1	given	give	VERB
taxlaw-2830	958	2	those	those	DET
taxlaw-2830	958	3	assumptions	assumption	NOUN
taxlaw-2830	958	4	,	,	PUNCT
taxlaw-2830	958	5	earning	earn	VERB
taxlaw-2830	958	6	exclusively	exclusively	ADV
taxlaw-2830	958	7	qualifying	qualify	VERB
taxlaw-2830	958	8	income	income	NOUN
taxlaw-2830	958	9	through	through	ADP
taxlaw-2830	958	10	one	one	NUM
taxlaw-2830	958	11	entity	entity	NOUN
taxlaw-2830	958	12	would	would	AUX
taxlaw-2830	958	13	have	have	VERB
taxlaw-2830	958	14	tax	tax	NOUN
taxlaw-2830	958	15	benefits	benefit	NOUN
taxlaw-2830	958	16	.	.	PUNCT
taxlaw-2830	959	1	in	in	ADP
taxlaw-2830	959	2	particular	particular	ADJ
taxlaw-2830	959	3	,	,	PUNCT
taxlaw-2830	959	4	it	it	PRON
taxlaw-2830	959	5	would	would	AUX
taxlaw-2830	959	6	ensure	ensure	VERB
taxlaw-2830	959	7	that	that	SCONJ
taxlaw-2830	959	8	all	all	DET
taxlaw-2830	959	9	dividends	dividend	NOUN
taxlaw-2830	959	10	paid	pay	VERB
taxlaw-2830	959	11	by	by	ADP
taxlaw-2830	959	12	that	that	DET
taxlaw-2830	959	13	entity	entity	NOUN
taxlaw-2830	959	14	were	be	AUX
taxlaw-2830	959	15	treated	treat	VERB
taxlaw-2830	959	16	as	as	ADP
taxlaw-2830	959	17	attributable	attributable	ADJ
taxlaw-2830	959	18	to	to	ADP
taxlaw-2830	959	19	qualifying	qualify	VERB
taxlaw-2830	959	20	income	income	NOUN
taxlaw-2830	959	21	so	so	SCONJ
taxlaw-2830	959	22	that	that	SCONJ
taxlaw-2830	959	23	all	all	DET
taxlaw-2830	959	24	dividends	dividend	NOUN
taxlaw-2830	959	25	received	receive	VERB
taxlaw-2830	959	26	favorable	favorable	ADJ
taxlaw-2830	959	27	tax	tax	NOUN
taxlaw-2830	959	28	treatment	treatment	NOUN
taxlaw-2830	959	29	.	.	PUNCT
taxlaw-2830	960	1	2015	2015	NUM
taxlaw-2830	960	2	]	]	PUNCT
taxlaw-2830	960	3	taxing	tax	VERB
taxlaw-2830	960	4	publicly	publicly	ADV
taxlaw-2830	960	5	traded	trade	VERB
taxlaw-2830	960	6	entities	entity	NOUN
taxlaw-2830	960	7	181	181	NUM
taxlaw-2830	960	8	income	income	NOUN
taxlaw-2830	960	9	.	.	PUNCT
taxlaw-2830	961	1	therefore	therefore	ADV
taxlaw-2830	961	2	,	,	PUNCT
taxlaw-2830	961	3	some	some	PRON
taxlaw-2830	961	4	of	of	ADP
taxlaw-2830	961	5	the	the	DET
taxlaw-2830	961	6	existing	exist	VERB
taxlaw-2830	961	7	avenues	avenue	NOUN
taxlaw-2830	961	8	for	for	ADP
taxlaw-2830	961	9	engaging	engage	VERB
taxlaw-2830	961	10	in	in	ADP
taxlaw-2830	961	11	wasteful	wasteful	ADJ
taxlaw-2830	961	12	tax	tax	NOUN
taxlaw-2830	961	13	planning	planning	NOUN
taxlaw-2830	961	14	will	will	AUX
taxlaw-2830	961	15	be	be	AUX
taxlaw-2830	961	16	available	available	ADJ
taxlaw-2830	961	17	no	no	ADV
taxlaw-2830	961	18	longer	long	ADV
taxlaw-2830	961	19	.	.	PUNCT
taxlaw-2830	962	1	second	second	ADV
taxlaw-2830	962	2	,	,	PUNCT
taxlaw-2830	962	3	once	once	SCONJ
taxlaw-2830	962	4	the	the	DET
taxlaw-2830	962	5	scope	scope	NOUN
taxlaw-2830	962	6	of	of	ADP
taxlaw-2830	962	7	what	what	PRON
taxlaw-2830	962	8	constitutes	constitute	VERB
taxlaw-2830	962	9	qualifying	qualify	VERB
taxlaw-2830	962	10	income	income	NOUN
taxlaw-2830	962	11	is	be	AUX
taxlaw-2830	962	12	narrowed	narrow	VERB
taxlaw-2830	962	13	,	,	PUNCT
taxlaw-2830	962	14	it	it	PRON
taxlaw-2830	962	15	may	may	AUX
taxlaw-2830	962	16	be	be	AUX
taxlaw-2830	962	17	the	the	DET
taxlaw-2830	962	18	case	case	NOUN
taxlaw-2830	962	19	that	that	SCONJ
taxlaw-2830	962	20	fewer	few	ADJ
taxlaw-2830	962	21	publicly	publicly	ADV
taxlaw-2830	962	22	traded	trade	VERB
taxlaw-2830	962	23	entities	entity	NOUN
taxlaw-2830	962	24	earn	earn	VERB
taxlaw-2830	962	25	sufficient	sufficient	ADJ
taxlaw-2830	962	26	amounts	amount	NOUN
taxlaw-2830	962	27	of	of	ADP
taxlaw-2830	962	28	qualifying	qualify	VERB
taxlaw-2830	962	29	income	income	NOUN
taxlaw-2830	962	30	to	to	PART
taxlaw-2830	962	31	justify	justify	VERB
taxlaw-2830	962	32	the	the	DET
taxlaw-2830	962	33	costs	cost	NOUN
taxlaw-2830	962	34	they	they	PRON
taxlaw-2830	962	35	would	would	AUX
taxlaw-2830	962	36	incur	incur	VERB
taxlaw-2830	962	37	to	to	PART
taxlaw-2830	962	38	engage	engage	VERB
taxlaw-2830	962	39	in	in	ADP
taxlaw-2830	962	40	tax	tax	NOUN
taxlaw-2830	962	41	structuring	structuring	NOUN
taxlaw-2830	962	42	.	.	PUNCT
taxlaw-2830	963	1	in	in	ADP
taxlaw-2830	963	2	summary	summary	NOUN
taxlaw-2830	963	3	,	,	PUNCT
taxlaw-2830	963	4	the	the	DET
taxlaw-2830	963	5	complexity	complexity	NOUN
taxlaw-2830	963	6	inherent	inherent	ADJ
taxlaw-2830	963	7	in	in	ADP
taxlaw-2830	963	8	an	an	DET
taxlaw-2830	963	9	alternative	alternative	ADJ
taxlaw-2830	963	10	system	system	NOUN
taxlaw-2830	963	11	as	as	ADV
taxlaw-2830	963	12	well	well	ADV
taxlaw-2830	963	13	as	as	ADP
taxlaw-2830	963	14	the	the	DET
taxlaw-2830	963	15	fact	fact	NOUN
taxlaw-2830	963	16	that	that	SCONJ
taxlaw-2830	963	17	an	an	DET
taxlaw-2830	963	18	alternative	alternative	ADJ
taxlaw-2830	963	19	system	system	NOUN
taxlaw-2830	963	20	might	might	AUX
taxlaw-2830	963	21	not	not	PART
taxlaw-2830	963	22	eliminate	eliminate	VERB
taxlaw-2830	963	23	the	the	DET
taxlaw-2830	963	24	incentives	incentive	NOUN
taxlaw-2830	963	25	to	to	PART
taxlaw-2830	963	26	engage	engage	VERB
taxlaw-2830	963	27	in	in	ADP
taxlaw-2830	963	28	tax	tax	NOUN
taxlaw-2830	963	29	planning	planning	NOUN
taxlaw-2830	963	30	likely	likely	ADV
taxlaw-2830	963	31	warrant	warrant	VERB
taxlaw-2830	963	32	maintaining	maintain	VERB
taxlaw-2830	963	33	the	the	DET
taxlaw-2830	963	34	current	current	ADJ
taxlaw-2830	963	35	regime	regime	NOUN
taxlaw-2830	963	36	under	under	ADP
taxlaw-2830	963	37	which	which	PRON
taxlaw-2830	963	38	benef	benef	ADJ
taxlaw-2830	963	39	icial	icial	ADJ
taxlaw-2830	963	40	treatment	treatment	NOUN
taxlaw-2830	963	41	applies	apply	VERB
taxlaw-2830	963	42	to	to	ADP
taxlaw-2830	963	43	all	all	DET
taxlaw-2830	963	44	income	income	NOUN
taxlaw-2830	963	45	earned	earn	VERB
taxlaw-2830	963	46	by	by	ADP
taxlaw-2830	963	47	a	a	DET
taxlaw-2830	963	48	publicly	publicly	ADV
taxlaw-2830	963	49	traded	trade	VERB
taxlaw-2830	963	50	entity	entity	NOUN
taxlaw-2830	963	51	if	if	SCONJ
taxlaw-2830	963	52	and	and	CCONJ
taxlaw-2830	963	53	only	only	ADV
taxlaw-2830	963	54	if	if	SCONJ
taxlaw-2830	963	55	the	the	DET
taxlaw-2830	963	56	entity	entity	NOUN
taxlaw-2830	963	57	earns	earn	VERB
taxlaw-2830	963	58	predominately	predominately	ADV
taxlaw-2830	963	59	qualifying	qualify	VERB
taxlaw-2830	963	60	income	income	NOUN
taxlaw-2830	963	61	.	.	PUNCT
taxlaw-2830	964	1	this	this	PRON
taxlaw-2830	964	2	is	be	AUX
taxlaw-2830	964	3	particularly	particularly	ADV
taxlaw-2830	964	4	true	true	ADJ
taxlaw-2830	964	5	because	because	SCONJ
taxlaw-2830	964	6	,	,	PUNCT
taxlaw-2830	964	7	if	if	SCONJ
taxlaw-2830	964	8	the	the	DET
taxlaw-2830	964	9	scope	scope	NOUN
taxlaw-2830	964	10	of	of	ADP
taxlaw-2830	964	11	what	what	PRON
taxlaw-2830	964	12	may	may	AUX
taxlaw-2830	964	13	be	be	AUX
taxlaw-2830	964	14	classified	classify	VERB
taxlaw-2830	964	15	as	as	ADP
taxlaw-2830	964	16	qualifying	qualify	VERB
taxlaw-2830	964	17	income	income	NOUN
taxlaw-2830	964	18	is	be	AUX
taxlaw-2830	964	19	narrowed	narrow	VERB
taxlaw-2830	964	20	in	in	ADP
taxlaw-2830	964	21	the	the	DET
taxlaw-2830	964	22	manner	manner	NOUN
taxlaw-2830	964	23	proposed	propose	VERB
taxlaw-2830	964	24	by	by	ADP
taxlaw-2830	964	25	this	this	DET
taxlaw-2830	964	26	article	article	NOUN
taxlaw-2830	964	27	,	,	PUNCT
taxlaw-2830	964	28	the	the	DET
taxlaw-2830	964	29	rules	rule	NOUN
taxlaw-2830	964	30	will	will	AUX
taxlaw-2830	964	31	become	become	VERB
taxlaw-2830	964	32	less	less	ADV
taxlaw-2830	964	33	susceptible	susceptible	ADJ
taxlaw-2830	964	34	to	to	ADP
taxlaw-2830	964	35	manipulation	manipulation	NOUN
taxlaw-2830	964	36	.	.	PUNCT
taxlaw-2830	965	1	under	under	ADP
taxlaw-2830	965	2	current	current	ADJ
taxlaw-2830	965	3	law	law	NOUN
taxlaw-2830	965	4	,	,	PUNCT
taxlaw-2830	965	5	the	the	DET
taxlaw-2830	965	6	arbitrariness	arbitrariness	NOUN
taxlaw-2830	965	7	and	and	CCONJ
taxlaw-2830	965	8	manipulability	manipulability	NOUN
taxlaw-2830	965	9	of	of	ADP
taxlaw-2830	965	10	the	the	DET
taxlaw-2830	965	11	applicable	applicable	ADJ
taxlaw-2830	965	12	rules	rule	NOUN
taxlaw-2830	965	13	work	work	VERB
taxlaw-2830	965	14	hand	hand	NOUN
taxlaw-2830	965	15	in	in	ADP
taxlaw-2830	965	16	hand	hand	NOUN
taxlaw-2830	965	17	to	to	PART
taxlaw-2830	965	18	encourage	encourage	VERB
taxlaw-2830	965	19	elaborate	elaborate	ADJ
taxlaw-2830	965	20	,	,	PUNCT
taxlaw-2830	965	21	wasteful	wasteful	ADJ
taxlaw-2830	965	22	tax	tax	NOUN
taxlaw-2830	965	23	structuring	structuring	NOUN
taxlaw-2830	965	24	.	.	PUNCT
taxlaw-2830	966	1	the	the	DET
taxlaw-2830	966	2	arbitrariness	arbitrariness	NOUN
taxlaw-2830	966	3	of	of	ADP
taxlaw-2830	966	4	the	the	DET
taxlaw-2830	966	5	rules	rule	NOUN
taxlaw-2830	966	6	provides	provide	VERB
taxlaw-2830	966	7	the	the	DET
taxlaw-2830	966	8	incentive	incentive	NOUN
taxlaw-2830	966	9	for	for	ADP
taxlaw-2830	966	10	the	the	DET
taxlaw-2830	966	11	tax	tax	NOUN
taxlaw-2830	966	12	structuring	structuring	NOUN
taxlaw-2830	966	13	,	,	PUNCT
taxlaw-2830	966	14	and	and	CCONJ
taxlaw-2830	966	15	the	the	DET
taxlaw-2830	966	16	manipulability	manipulability	NOUN
taxlaw-2830	966	17	of	of	ADP
taxlaw-2830	966	18	the	the	DET
taxlaw-2830	966	19	rules	rule	NOUN
taxlaw-2830	966	20	enables	enable	VERB
taxlaw-2830	966	21	it	it	PRON
taxlaw-2830	966	22	.	.	PUNCT
taxlaw-2830	967	1	by	by	ADP
taxlaw-2830	967	2	making	make	VERB
taxlaw-2830	967	3	the	the	DET
taxlaw-2830	967	4	rules	rule	NOUN
taxlaw-2830	967	5	less	less	ADV
taxlaw-2830	967	6	susceptible	susceptible	ADJ
taxlaw-2830	967	7	to	to	ADP
taxlaw-2830	967	8	manipulation	manipulation	NOUN
taxlaw-2830	967	9	,	,	PUNCT
taxlaw-2830	967	10	the	the	DET
taxlaw-2830	967	11	adoption	adoption	NOUN
taxlaw-2830	967	12	of	of	ADP
taxlaw-2830	967	13	a	a	DET
taxlaw-2830	967	14	narrower	narrow	ADJ
taxlaw-2830	967	15	definition	definition	NOUN
taxlaw-2830	967	16	of	of	ADP
taxlaw-2830	967	17	qualifying	qualify	VERB
taxlaw-2830	967	18	income	income	NOUN
taxlaw-2830	967	19	would	would	AUX
taxlaw-2830	967	20	prevent	prevent	VERB
taxlaw-2830	967	21	taxpayers	taxpayer	NOUN
taxlaw-2830	967	22	from	from	ADP
taxlaw-2830	967	23	engaging	engage	VERB
taxlaw-2830	967	24	in	in	ADP
taxlaw-2830	967	25	wasteful	wasteful	ADJ
taxlaw-2830	967	26	tax	tax	NOUN
taxlaw-2830	967	27	structuring	structuring	NOUN
taxlaw-2830	967	28	,	,	PUNCT
taxlaw-2830	967	29	even	even	ADV
taxlaw-2830	967	30	if	if	SCONJ
taxlaw-2830	967	31	the	the	DET
taxlaw-2830	967	32	arbitrariness	arbitrariness	NOUN
taxlaw-2830	967	33	of	of	ADP
taxlaw-2830	967	34	the	the	DET
taxlaw-2830	967	35	rules	rule	NOUN
taxlaw-2830	967	36	still	still	ADV
taxlaw-2830	967	37	provides	provide	VERB
taxlaw-2830	967	38	some	some	DET
taxlaw-2830	967	39	incentive	incentive	NOUN
taxlaw-2830	967	40	to	to	PART
taxlaw-2830	967	41	engage	engage	VERB
taxlaw-2830	967	42	in	in	ADP
taxlaw-2830	967	43	such	such	ADJ
taxlaw-2830	967	44	tax	tax	NOUN
taxlaw-2830	967	45	structuring	structuring	NOUN
taxlaw-2830	967	46	.	.	PUNCT
taxlaw-2830	968	1	vi	vi	X
taxlaw-2830	968	2	.	.	PROPN
taxlaw-2830	968	3	conclusion	conclusion	NOUN
taxlaw-2830	968	4	under	under	ADP
taxlaw-2830	968	5	current	current	ADJ
taxlaw-2830	968	6	law	law	NOUN
taxlaw-2830	968	7	,	,	PUNCT
taxlaw-2830	968	8	publicly	publicly	ADV
taxlaw-2830	968	9	traded	trade	VERB
taxlaw-2830	968	10	entities	entity	NOUN
taxlaw-2830	968	11	are	be	AUX
taxlaw-2830	968	12	generally	generally	ADV
taxlaw-2830	968	13	subject	subject	ADJ
taxlaw-2830	968	14	to	to	ADP
taxlaw-2830	968	15	the	the	DET
taxlaw-2830	968	16	corporate	corporate	ADJ
taxlaw-2830	968	17	tax	tax	NOUN
taxlaw-2830	968	18	system	system	NOUN
taxlaw-2830	968	19	unless	unless	SCONJ
taxlaw-2830	968	20	they	they	PRON
taxlaw-2830	968	21	earn	earn	AUX
taxlaw-2830	968	22	predominately	predominately	ADV
taxlaw-2830	968	23	qualifying	qualify	VERB
taxlaw-2830	968	24	income	income	NOUN
taxlaw-2830	968	25	,	,	PUNCT
taxlaw-2830	968	26	in	in	ADP
taxlaw-2830	968	27	which	which	DET
taxlaw-2830	968	28	case	case	NOUN
taxlaw-2830	968	29	all	all	PRON
taxlaw-2830	968	30	of	of	ADP
taxlaw-2830	968	31	their	their	PRON
taxlaw-2830	968	32	income	income	NOUN
taxlaw-2830	968	33	is	be	AUX
taxlaw-2830	968	34	exempt	exempt	ADJ
taxlaw-2830	968	35	from	from	ADP
taxlaw-2830	968	36	corporate	corporate	ADJ
taxlaw-2830	968	37	-	-	PUNCT
taxlaw-2830	968	38	level	level	NOUN
taxlaw-2830	968	39	tax	tax	NOUN
taxlaw-2830	968	40	.	.	PUNCT
taxlaw-2830	969	1	the	the	DET
taxlaw-2830	969	2	only	only	ADV
taxlaw-2830	969	3	convincing	convincing	ADJ
taxlaw-2830	969	4	policy	policy	NOUN
taxlaw-2830	969	5	justification	justification	NOUN
taxlaw-2830	969	6	for	for	ADP
taxlaw-2830	969	7	granting	grant	VERB
taxlaw-2830	969	8	special	special	ADJ
taxlaw-2830	969	9	treatment	treatment	NOUN
taxlaw-2830	969	10	to	to	ADP
taxlaw-2830	969	11	qualifying	qualify	VERB
taxlaw-2830	969	12	income	income	NOUN
taxlaw-2830	969	13	suggests	suggest	VERB
taxlaw-2830	969	14	that	that	SCONJ
taxlaw-2830	969	15	qualifying	qualify	VERB
taxlaw-2830	969	16	income	income	NOUN
taxlaw-2830	969	17	should	should	AUX
taxlaw-2830	969	18	include	include	VERB
taxlaw-2830	969	19	only	only	ADJ
taxlaw-2830	969	20	income	income	NOUN
taxlaw-2830	969	21	that	that	SCONJ
taxlaw-2830	969	22	owners	owner	NOUN
taxlaw-2830	969	23	of	of	ADP
taxlaw-2830	969	24	the	the	DET
taxlaw-2830	969	25	publicly	publicly	ADV
taxlaw-2830	969	26	traded	trade	VERB
taxlaw-2830	969	27	entity	entity	NOUN
taxlaw-2830	969	28	could	could	AUX
taxlaw-2830	969	29	earn	earn	VERB
taxlaw-2830	969	30	directly	directly	ADV
taxlaw-2830	969	31	.	.	PUNCT
taxlaw-2830	970	1	yet	yet	ADV
taxlaw-2830	970	2	,	,	PUNCT
taxlaw-2830	970	3	the	the	DET
taxlaw-2830	970	4	current	current	ADJ
taxlaw-2830	970	5	definition	definition	NOUN
taxlaw-2830	970	6	of	of	ADP
taxlaw-2830	970	7	qualifying	qualify	VERB
taxlaw-2830	970	8	income	income	NOUN
taxlaw-2830	970	9	grants	grant	NOUN
taxlaw-2830	970	10	special	special	ADJ
taxlaw-2830	970	11	treatment	treatment	NOUN
taxlaw-2830	970	12	to	to	ADP
taxlaw-2830	970	13	much	much	ADJ
taxlaw-2830	970	14	income	income	NOUN
taxlaw-2830	970	15	that	that	SCONJ
taxlaw-2830	970	16	owners	owner	NOUN
taxlaw-2830	970	17	of	of	ADP
taxlaw-2830	970	18	a	a	DET
taxlaw-2830	970	19	publicly	publicly	ADV
taxlaw-2830	970	20	traded	trade	VERB
taxlaw-2830	970	21	entity	entity	NOUN
taxlaw-2830	970	22	could	could	AUX
taxlaw-2830	970	23	not	not	PART
taxlaw-2830	970	24	earn	earn	VERB
taxlaw-2830	970	25	directly	directly	ADV
taxlaw-2830	970	26	.	.	PUNCT
taxlaw-2830	971	1	this	this	DET
taxlaw-2830	971	2	system	system	NOUN
taxlaw-2830	971	3	is	be	AUX
taxlaw-2830	971	4	difficult	difficult	ADJ
taxlaw-2830	971	5	to	to	PART
taxlaw-2830	971	6	justify	justify	VERB
taxlaw-2830	971	7	on	on	ADP
taxlaw-2830	971	8	policy	policy	NOUN
taxlaw-2830	971	9	grounds	ground	NOUN
taxlaw-2830	971	10	and	and	CCONJ
taxlaw-2830	971	11	invites	invite	VERB
taxlaw-2830	971	12	taxpayers	taxpayer	NOUN
taxlaw-2830	971	13	to	to	PART
taxlaw-2830	971	14	engage	engage	VERB
taxlaw-2830	971	15	in	in	ADP
taxlaw-2830	971	16	elaborate	elaborate	ADJ
taxlaw-2830	971	17	tax	tax	NOUN
taxlaw-2830	971	18	structuring	structuring	NOUN
taxlaw-2830	971	19	in	in	ADP
taxlaw-2830	971	20	order	order	NOUN
taxlaw-2830	971	21	to	to	PART
taxlaw-2830	971	22	transform	transform	VERB
taxlaw-2830	971	23	non	non	ADJ
taxlaw-2830	971	24	-	-	ADJ
taxlaw-2830	971	25	qualifying	qualifying	ADJ
taxlaw-2830	971	26	income	income	NOUN
taxlaw-2830	971	27	into	into	ADP
taxlaw-2830	971	28	qualifying	qualify	VERB
taxlaw-2830	971	29	income	income	NOUN
taxlaw-2830	971	30	.	.	PUNCT
taxlaw-2830	972	1	to	to	PART
taxlaw-2830	972	2	address	address	VERB
taxlaw-2830	972	3	these	these	DET
taxlaw-2830	972	4	problems	problem	NOUN
taxlaw-2830	972	5	,	,	PUNCT
taxlaw-2830	972	6	this	this	DET
taxlaw-2830	972	7	article	article	NOUN
taxlaw-2830	972	8	proposes	propose	VERB
taxlaw-2830	972	9	that	that	DET
taxlaw-2830	972	10	income	income	NOUN
taxlaw-2830	972	11	that	that	PRON
taxlaw-2830	972	12	is	be	AUX
taxlaw-2830	972	13	classified	classify	VERB
taxlaw-2830	972	14	as	as	ADP
taxlaw-2830	972	15	qualifying	qualify	VERB
taxlaw-2830	972	16	income	income	NOUN
taxlaw-2830	972	17	under	under	ADP
taxlaw-2830	972	18	current	current	ADJ
taxlaw-2830	972	19	law	law	NOUN
taxlaw-2830	972	20	should	should	AUX
taxlaw-2830	972	21	not	not	PART
taxlaw-2830	972	22	be	be	AUX
taxlaw-2830	972	23	classified	classify	VERB
taxlaw-2830	972	24	in	in	ADP
taxlaw-2830	972	25	that	that	DET
taxlaw-2830	972	26	manner	manner	NOUN
taxlaw-2830	972	27	unless	unless	SCONJ
taxlaw-2830	972	28	it	it	PRON
taxlaw-2830	972	29	is	be	AUX
taxlaw-2830	972	30	earned	earn	VERB
taxlaw-2830	972	31	by	by	ADP
taxlaw-2830	972	32	holding	hold	VERB
taxlaw-2830	972	33	a	a	DET
taxlaw-2830	972	34	publicly	publicly	ADV
taxlaw-2830	972	35	traded	trade	VERB
taxlaw-2830	972	36	asset	asset	NOUN
taxlaw-2830	972	37	.	.	PUNCT
taxlaw-2830	973	1	in	in	ADP
taxlaw-2830	973	2	addition	addition	NOUN
taxlaw-2830	973	3	,	,	PUNCT
taxlaw-2830	973	4	carried	carry	VERB
taxlaw-2830	973	5	interest	interest	NOUN
taxlaw-2830	973	6	should	should	AUX
taxlaw-2830	973	7	not	not	PART
taxlaw-2830	973	8	constitute	constitute	VERB
taxlaw-2830	973	9	qualifying	qualify	VERB
taxlaw-2830	973	10	income	income	NOUN
taxlaw-2830	973	11	.	.	PUNCT