id	sid	tid	token	lemma	pos
ftr-315	1	1	tcharity	tcharity	NOUN
ftr-315	1	2	really	really	ADV
ftr-315	1	3	does	do	AUX
ftr-315	1	4	begin	begin	VERB
ftr-315	1	5	at	at	ADP
ftr-315	1	6	home	home	NOUN
ftr-315	1	7	:	:	PUNCT
ftr-315	1	8	florida	florida	PROPN
ftr-315	1	9	tax	tax	PROPN
ftr-315	1	10	review	review	NOUN
ftr-315	1	11	volume	volume	NOUN
ftr-315	1	12	13	13	NUM
ftr-315	1	13	2012	2012	NUM
ftr-315	1	14	number	number	NOUN
ftr-315	1	15	1	1	NUM
ftr-315	1	16	1	1	NUM
ftr-315	1	17	the	the	DET
ftr-315	1	18	return	return	NOUN
ftr-315	1	19	-	-	PUNCT
ftr-315	1	20	reducing	reduce	VERB
ftr-315	1	21	ripple	ripple	ADJ
ftr-315	1	22	effects	effect	NOUN
ftr-315	1	23	of	of	ADP
ftr-315	1	24	the	the	DET
ftr-315	1	25	“	"	PUNCT
ftr-315	1	26	carried	carry	VERB
ftr-315	1	27	interest	interest	NOUN
ftr-315	1	28	”	"	PUNCT
ftr-315	1	29	tax	tax	NOUN
ftr-315	1	30	proposals	proposal	NOUN
ftr-315	1	31	by	by	ADP
ftr-315	1	32	heather	heather	PROPN
ftr-315	1	33	m.	m.	NOUN
ftr-315	1	34	field	field	PROPN
ftr-315	1	35	*	*	PUNCT
ftr-315	2	1	abstract	abstract	ADJ
ftr-315	2	2	the	the	DET
ftr-315	2	3	debate	debate	NOUN
ftr-315	2	4	rages	rage	VERB
ftr-315	2	5	on	on	ADP
ftr-315	2	6	about	about	ADP
ftr-315	2	7	how	how	SCONJ
ftr-315	2	8	to	to	PART
ftr-315	2	9	tax	tax	VERB
ftr-315	2	10	private	private	ADJ
ftr-315	2	11	equity	equity	NOUN
ftr-315	2	12	fund	fund	NOUN
ftr-315	2	13	managers	manager	NOUN
ftr-315	2	14	and	and	CCONJ
ftr-315	2	15	hedge	hedge	NOUN
ftr-315	2	16	fund	fund	NOUN
ftr-315	2	17	managers	manager	NOUN
ftr-315	2	18	who	who	PRON
ftr-315	2	19	,	,	PUNCT
ftr-315	2	20	as	as	ADP
ftr-315	2	21	part	part	NOUN
ftr-315	2	22	of	of	ADP
ftr-315	2	23	their	their	PRON
ftr-315	2	24	compensation	compensation	NOUN
ftr-315	2	25	,	,	PUNCT
ftr-315	2	26	receive	receive	VERB
ftr-315	2	27	rights	right	NOUN
ftr-315	2	28	to	to	PART
ftr-315	2	29	share	share	VERB
ftr-315	2	30	in	in	ADP
ftr-315	2	31	fund	fund	NOUN
ftr-315	2	32	profits	profit	NOUN
ftr-315	2	33	(	(	PUNCT
ftr-315	2	34	“	"	PUNCT
ftr-315	2	35	carried	carry	VERB
ftr-315	2	36	interests	interest	NOUN
ftr-315	2	37	”	"	PUNCT
ftr-315	2	38	)	)	PUNCT
ftr-315	2	39	.	.	PUNCT
ftr-315	3	1	commentators	commentator	NOUN
ftr-315	3	2	have	have	AUX
ftr-315	3	3	paid	pay	VERB
ftr-315	3	4	relatively	relatively	ADV
ftr-315	3	5	little	little	ADJ
ftr-315	3	6	attention	attention	NOUN
ftr-315	3	7	,	,	PUNCT
ftr-315	3	8	however	however	ADV
ftr-315	3	9	,	,	PUNCT
ftr-315	3	10	to	to	ADP
ftr-315	3	11	the	the	DET
ftr-315	3	12	impact	impact	NOUN
ftr-315	3	13	that	that	PRON
ftr-315	3	14	proposals	proposal	NOUN
ftr-315	3	15	to	to	PART
ftr-315	3	16	change	change	VERB
ftr-315	3	17	the	the	DET
ftr-315	3	18	tax	tax	NOUN
ftr-315	3	19	treatment	treatment	NOUN
ftr-315	3	20	of	of	ADP
ftr-315	3	21	fund	fund	NOUN
ftr-315	3	22	managers	manager	NOUN
ftr-315	3	23	will	will	AUX
ftr-315	3	24	have	have	VERB
ftr-315	3	25	on	on	ADP
ftr-315	3	26	fund	fund	NOUN
ftr-315	3	27	investors	investor	NOUN
ftr-315	3	28	,	,	PUNCT
ftr-315	3	29	other	other	ADJ
ftr-315	3	30	than	than	SCONJ
ftr-315	3	31	to	to	PART
ftr-315	3	32	suggest	suggest	VERB
ftr-315	3	33	that	that	SCONJ
ftr-315	3	34	investors	investor	NOUN
ftr-315	3	35	could	could	AUX
ftr-315	3	36	suffer	suffer	VERB
ftr-315	3	37	because	because	SCONJ
ftr-315	3	38	managers	manager	NOUN
ftr-315	3	39	may	may	AUX
ftr-315	3	40	try	try	VERB
ftr-315	3	41	to	to	PART
ftr-315	3	42	raise	raise	VERB
ftr-315	3	43	management	management	NOUN
ftr-315	3	44	fees	fee	NOUN
ftr-315	3	45	or	or	CCONJ
ftr-315	3	46	because	because	SCONJ
ftr-315	3	47	overall	overall	ADJ
ftr-315	3	48	fund	fund	NOUN
ftr-315	3	49	profitability	profitability	NOUN
ftr-315	3	50	may	may	AUX
ftr-315	3	51	decline	decline	VERB
ftr-315	3	52	.	.	PUNCT
ftr-315	4	1	this	this	DET
ftr-315	4	2	article	article	NOUN
ftr-315	4	3	argues	argue	VERB
ftr-315	4	4	that	that	SCONJ
ftr-315	4	5	there	there	PRON
ftr-315	4	6	is	be	VERB
ftr-315	4	7	a	a	DET
ftr-315	4	8	much	much	ADV
ftr-315	4	9	subtler	subtle	ADJ
ftr-315	4	10	reason	reason	NOUN
ftr-315	4	11	why	why	SCONJ
ftr-315	4	12	the	the	DET
ftr-315	4	13	carried	carry	VERB
ftr-315	4	14	interest	interest	NOUN
ftr-315	4	15	tax	tax	NOUN
ftr-315	4	16	proposals	proposal	NOUN
ftr-315	4	17	that	that	PRON
ftr-315	4	18	are	be	AUX
ftr-315	4	19	aimed	aim	VERB
ftr-315	4	20	at	at	ADP
ftr-315	4	21	fund	fund	NOUN
ftr-315	4	22	managers	manager	NOUN
ftr-315	4	23	pose	pose	VERB
ftr-315	4	24	economic	economic	ADJ
ftr-315	4	25	risks	risk	NOUN
ftr-315	4	26	to	to	PART
ftr-315	4	27	fund	fund	VERB
ftr-315	4	28	investors	investor	NOUN
ftr-315	4	29	.	.	PUNCT
ftr-315	5	1	the	the	DET
ftr-315	5	2	reason	reason	NOUN
ftr-315	5	3	is	be	AUX
ftr-315	5	4	that	that	SCONJ
ftr-315	5	5	a	a	DET
ftr-315	5	6	change	change	NOUN
ftr-315	5	7	to	to	ADP
ftr-315	5	8	the	the	DET
ftr-315	5	9	tax	tax	NOUN
ftr-315	5	10	treatment	treatment	NOUN
ftr-315	5	11	of	of	ADP
ftr-315	5	12	carried	carry	VERB
ftr-315	5	13	interests	interest	NOUN
ftr-315	5	14	changes	change	VERB
ftr-315	5	15	the	the	DET
ftr-315	5	16	economic	economic	ADJ
ftr-315	5	17	relationship	relationship	NOUN
ftr-315	5	18	that	that	PRON
ftr-315	5	19	investors	investor	NOUN
ftr-315	5	20	and	and	CCONJ
ftr-315	5	21	managers	manager	NOUN
ftr-315	5	22	created	create	VERB
ftr-315	5	23	and	and	CCONJ
ftr-315	5	24	consented	consent	VERB
ftr-315	5	25	to	to	PART
ftr-315	5	26	in	in	ADP
ftr-315	5	27	their	their	PRON
ftr-315	5	28	fund	fund	NOUN
ftr-315	5	29	agreement	agreement	NOUN
ftr-315	5	30	,	,	PUNCT
ftr-315	5	31	often	often	ADV
ftr-315	5	32	after	after	ADP
ftr-315	5	33	extensive	extensive	ADJ
ftr-315	5	34	negotiations	negotiation	NOUN
ftr-315	5	35	.	.	PUNCT
ftr-315	6	1	specifically	specifically	ADV
ftr-315	6	2	,	,	PUNCT
ftr-315	6	3	the	the	DET
ftr-315	6	4	proposed	propose	VERB
ftr-315	6	5	increase	increase	NOUN
ftr-315	6	6	in	in	ADP
ftr-315	6	7	tax	tax	NOUN
ftr-315	6	8	rates	rate	NOUN
ftr-315	6	9	on	on	ADP
ftr-315	6	10	carried	carry	VERB
ftr-315	6	11	interests	interest	NOUN
ftr-315	6	12	,	,	PUNCT
ftr-315	6	13	when	when	SCONJ
ftr-315	6	14	coupled	couple	VERB
ftr-315	6	15	with	with	ADP
ftr-315	6	16	common	common	ADJ
ftr-315	6	17	provisions	provision	NOUN
ftr-315	6	18	found	find	VERB
ftr-315	6	19	in	in	ADP
ftr-315	6	20	fund	fund	NOUN
ftr-315	6	21	agreements	agreement	NOUN
ftr-315	6	22	(	(	PUNCT
ftr-315	6	23	namely	namely	ADV
ftr-315	6	24	,	,	PUNCT
ftr-315	6	25	“	"	PUNCT
ftr-315	6	26	clawback	clawback	NOUN
ftr-315	6	27	”	"	PUNCT
ftr-315	6	28	provisions	provision	NOUN
ftr-315	6	29	and	and	CCONJ
ftr-315	6	30	“	"	PUNCT
ftr-315	6	31	tax	tax	NOUN
ftr-315	6	32	distribution	distribution	NOUN
ftr-315	6	33	”	"	PUNCT
ftr-315	6	34	provisions	provision	NOUN
ftr-315	6	35	)	)	PUNCT
ftr-315	6	36	,	,	PUNCT
ftr-315	6	37	increases	increase	VERB
ftr-315	6	38	the	the	DET
ftr-315	6	39	risk	risk	NOUN
ftr-315	6	40	that	that	SCONJ
ftr-315	6	41	the	the	DET
ftr-315	6	42	economic	economic	ADJ
ftr-315	6	43	burden	burden	NOUN
ftr-315	6	44	of	of	ADP
ftr-315	6	45	losses	loss	NOUN
ftr-315	6	46	will	will	AUX
ftr-315	6	47	be	be	AUX
ftr-315	6	48	shifted	shift	VERB
ftr-315	6	49	from	from	ADP
ftr-315	6	50	the	the	DET
ftr-315	6	51	managers	manager	NOUN
ftr-315	6	52	to	to	ADP
ftr-315	6	53	the	the	DET
ftr-315	6	54	investors	investor	NOUN
ftr-315	6	55	without	without	ADP
ftr-315	6	56	compensation	compensation	NOUN
ftr-315	6	57	;	;	PUNCT
ftr-315	6	58	incentivizes	incentivize	VERB
ftr-315	6	59	managers	manager	NOUN
ftr-315	6	60	to	to	PART
ftr-315	6	61	take	take	VERB
ftr-315	6	62	more	more	ADJ
ftr-315	6	63	risk	risk	NOUN
ftr-315	6	64	when	when	SCONJ
ftr-315	6	65	managing	manage	VERB
ftr-315	6	66	fund	fund	NOUN
ftr-315	6	67	assets	asset	NOUN
ftr-315	6	68	;	;	PUNCT
ftr-315	6	69	otherwise	otherwise	ADV
ftr-315	6	70	erodes	erode	VERB
ftr-315	6	71	the	the	DET
ftr-315	6	72	alignment	alignment	NOUN
ftr-315	6	73	of	of	ADP
ftr-315	6	74	manager	manager	NOUN
ftr-315	6	75	/	/	SYM
ftr-315	6	76	investor	investor	NOUN
ftr-315	6	77	incentives	incentive	NOUN
ftr-315	6	78	;	;	PUNCT
ftr-315	6	79	and	and	CCONJ
ftr-315	6	80	delays	delay	VERB
ftr-315	6	81	the	the	DET
ftr-315	6	82	return	return	NOUN
ftr-315	6	83	of	of	ADP
ftr-315	6	84	investors	investor	NOUN
ftr-315	6	85	’	’	PART
ftr-315	6	86	capital	capital	NOUN
ftr-315	6	87	contributions	contribution	NOUN
ftr-315	6	88	,	,	PUNCT
ftr-315	6	89	thereby	thereby	ADV
ftr-315	6	90	imposing	impose	VERB
ftr-315	6	91	a	a	DET
ftr-315	6	92	time	time	NOUN
ftr-315	6	93	-	-	PUNCT
ftr-315	6	94	value	value	NOUN
ftr-315	6	95	-	-	PUNCT
ftr-315	6	96	of	of	ADP
ftr-315	6	97	-	-	PUNCT
ftr-315	6	98	money	money	NOUN
ftr-315	6	99	cost	cost	NOUN
ftr-315	6	100	on	on	ADP
ftr-315	6	101	the	the	DET
ftr-315	6	102	investors	investor	NOUN
ftr-315	6	103	.	.	PUNCT
ftr-315	7	1	*	*	PUNCT
ftr-315	7	2	professor	professor	NOUN
ftr-315	7	3	of	of	ADP
ftr-315	7	4	law	law	NOUN
ftr-315	7	5	,	,	PUNCT
ftr-315	7	6	university	university	PROPN
ftr-315	7	7	of	of	ADP
ftr-315	7	8	california	california	PROPN
ftr-315	7	9	,	,	PUNCT
ftr-315	7	10	hastings	hastings	PROPN
ftr-315	7	11	college	college	PROPN
ftr-315	7	12	of	of	ADP
ftr-315	7	13	the	the	DET
ftr-315	7	14	law	law	NOUN
ftr-315	7	15	.	.	PUNCT
ftr-315	8	1	i	i	PRON
ftr-315	8	2	would	would	AUX
ftr-315	8	3	like	like	VERB
ftr-315	8	4	to	to	PART
ftr-315	8	5	thank	thank	VERB
ftr-315	8	6	gregg	gregg	PROPN
ftr-315	8	7	polsky	polsky	PROPN
ftr-315	8	8	and	and	CCONJ
ftr-315	8	9	victor	victor	NOUN
ftr-315	8	10	fleischer	fleischer	NOUN
ftr-315	8	11	for	for	ADP
ftr-315	8	12	comments	comment	NOUN
ftr-315	8	13	on	on	ADP
ftr-315	8	14	earlier	early	ADJ
ftr-315	8	15	drafts	draft	NOUN
ftr-315	8	16	of	of	ADP
ftr-315	8	17	this	this	DET
ftr-315	8	18	article	article	NOUN
ftr-315	8	19	,	,	PUNCT
ftr-315	8	20	and	and	CCONJ
ftr-315	8	21	i	i	PRON
ftr-315	8	22	would	would	AUX
ftr-315	8	23	like	like	VERB
ftr-315	8	24	to	to	PART
ftr-315	8	25	thank	thank	VERB
ftr-315	8	26	susie	susie	PROPN
ftr-315	8	27	morse	morse	PROPN
ftr-315	8	28	for	for	ADP
ftr-315	8	29	her	her	PRON
ftr-315	8	30	valuable	valuable	ADJ
ftr-315	8	31	input	input	NOUN
ftr-315	8	32	.	.	PUNCT
ftr-315	9	1	i	i	PRON
ftr-315	9	2	also	also	ADV
ftr-315	9	3	appreciate	appreciate	VERB
ftr-315	9	4	the	the	DET
ftr-315	9	5	opportunity	opportunity	NOUN
ftr-315	9	6	to	to	PART
ftr-315	9	7	present	present	VERB
ftr-315	9	8	this	this	DET
ftr-315	9	9	project	project	NOUN
ftr-315	9	10	at	at	ADP
ftr-315	9	11	the	the	DET
ftr-315	9	12	spring	spring	NOUN
ftr-315	9	13	2012	2012	NUM
ftr-315	9	14	northern	northern	ADJ
ftr-315	9	15	california	california	PROPN
ftr-315	9	16	tax	tax	NOUN
ftr-315	9	17	professor	professor	NOUN
ftr-315	9	18	roundtable	roundtable	NOUN
ftr-315	9	19	,	,	PUNCT
ftr-315	9	20	and	and	CCONJ
ftr-315	9	21	i	i	PRON
ftr-315	9	22	thank	thank	VERB
ftr-315	9	23	all	all	PRON
ftr-315	9	24	of	of	ADP
ftr-315	9	25	the	the	DET
ftr-315	9	26	event	event	NOUN
ftr-315	9	27	participants	participant	NOUN
ftr-315	9	28	,	,	PUNCT
ftr-315	9	29	particularly	particularly	ADV
ftr-315	9	30	mark	mark	NOUN
ftr-315	9	31	gergen	gergen	NOUN
ftr-315	9	32	,	,	PUNCT
ftr-315	9	33	for	for	ADP
ftr-315	9	34	their	their	PRON
ftr-315	9	35	helpful	helpful	ADJ
ftr-315	9	36	feedback	feedback	NOUN
ftr-315	9	37	.	.	PUNCT
ftr-315	10	1	2	2	NUM
ftr-315	10	2	florida	florida	PROPN
ftr-315	10	3	tax	tax	NOUN
ftr-315	10	4	review	review	NOUN
ftr-315	10	5	[	[	X
ftr-315	10	6	vol.13:1	vol.13:1	NOUN
ftr-315	10	7	this	this	DET
ftr-315	10	8	article	article	NOUN
ftr-315	10	9	explains	explain	VERB
ftr-315	10	10	the	the	DET
ftr-315	10	11	indirect	indirect	ADJ
ftr-315	10	12	route	route	NOUN
ftr-315	10	13	through	through	ADP
ftr-315	10	14	which	which	PRON
ftr-315	10	15	the	the	DET
ftr-315	10	16	carried	carry	VERB
ftr-315	10	17	interest	interest	NOUN
ftr-315	10	18	tax	tax	NOUN
ftr-315	10	19	proposals	proposal	NOUN
ftr-315	10	20	create	create	VERB
ftr-315	10	21	these	these	DET
ftr-315	10	22	return	return	NOUN
ftr-315	10	23	-	-	PUNCT
ftr-315	10	24	reducing	reduce	VERB
ftr-315	10	25	ripple	ripple	ADJ
ftr-315	10	26	effects	effect	NOUN
ftr-315	10	27	.	.	PUNCT
ftr-315	11	1	this	this	DET
ftr-315	11	2	article	article	NOUN
ftr-315	11	3	also	also	ADV
ftr-315	11	4	provides	provide	VERB
ftr-315	11	5	guidance	guidance	NOUN
ftr-315	11	6	to	to	ADP
ftr-315	11	7	investors	investor	NOUN
ftr-315	11	8	about	about	ADP
ftr-315	11	9	how	how	SCONJ
ftr-315	11	10	they	they	PRON
ftr-315	11	11	can	can	AUX
ftr-315	11	12	protect	protect	VERB
ftr-315	11	13	themselves	themselves	PRON
ftr-315	11	14	from	from	ADP
ftr-315	11	15	harm	harm	NOUN
ftr-315	11	16	.	.	PUNCT
ftr-315	12	1	more	more	ADV
ftr-315	12	2	broadly	broadly	ADV
ftr-315	12	3	,	,	PUNCT
ftr-315	12	4	this	this	DET
ftr-315	12	5	article	article	NOUN
ftr-315	12	6	illustrates	illustrate	VERB
ftr-315	12	7	how	how	SCONJ
ftr-315	12	8	changes	change	NOUN
ftr-315	12	9	in	in	ADP
ftr-315	12	10	law	law	NOUN
ftr-315	12	11	can	can	AUX
ftr-315	12	12	alter	alter	VERB
ftr-315	12	13	the	the	DET
ftr-315	12	14	economic	economic	ADJ
ftr-315	12	15	relationships	relationship	NOUN
ftr-315	12	16	to	to	PART
ftr-315	12	17	which	which	PRON
ftr-315	12	18	private	private	ADJ
ftr-315	12	19	parties	party	NOUN
ftr-315	12	20	consented	consent	VERB
ftr-315	12	21	under	under	ADP
ftr-315	12	22	carefully	carefully	ADV
ftr-315	12	23	negotiated	negotiate	VERB
ftr-315	12	24	contracts	contract	NOUN
ftr-315	12	25	,	,	PUNCT
ftr-315	12	26	thereby	thereby	ADV
ftr-315	12	27	creating	create	VERB
ftr-315	12	28	unintended	unintended	ADJ
ftr-315	12	29	(	(	PUNCT
ftr-315	12	30	and	and	CCONJ
ftr-315	12	31	potentially	potentially	ADV
ftr-315	12	32	adverse	adverse	ADJ
ftr-315	12	33	)	)	PUNCT
ftr-315	12	34	consequences	consequence	NOUN
ftr-315	12	35	to	to	ADP
ftr-315	12	36	parties	party	NOUN
ftr-315	12	37	who	who	PRON
ftr-315	12	38	are	be	AUX
ftr-315	12	39	not	not	PART
ftr-315	12	40	the	the	DET
ftr-315	12	41	desired	desire	VERB
ftr-315	12	42	targets	target	NOUN
ftr-315	12	43	of	of	ADP
ftr-315	12	44	the	the	DET
ftr-315	12	45	law	law	NOUN
ftr-315	12	46	change	change	NOUN
ftr-315	12	47	.	.	PUNCT
ftr-315	13	1	i.	i.	NOUN
ftr-315	13	2	introduction	introduction	NOUN
ftr-315	13	3	.................................................................................	.................................................................................	PUNCT
ftr-315	13	4	2	2	NUM
ftr-315	13	5	ii	ii	NOUN
ftr-315	13	6	.	.	PUNCT
ftr-315	14	1	background	background	NOUN
ftr-315	14	2	...................................................................................	...................................................................................	PUNCT
ftr-315	14	3	8	8	NUM
ftr-315	14	4	a.	a.	NOUN
ftr-315	14	5	brief	brief	ADJ
ftr-315	14	6	overview	overview	NOUN
ftr-315	14	7	of	of	ADP
ftr-315	14	8	the	the	DET
ftr-315	14	9	structure	structure	NOUN
ftr-315	14	10	and	and	CCONJ
ftr-315	14	11	taxation	taxation	NOUN
ftr-315	14	12	of	of	ADP
ftr-315	14	13	fund	fund	NOUN
ftr-315	14	14	manager	manager	NOUN
ftr-315	14	15	compensation	compensation	PROPN
ftr-315	14	16	..............................................................	..............................................................	PUNCT
ftr-315	14	17	8	8	NUM
ftr-315	14	18	b.	b.	PROPN
ftr-315	14	19	legislative	legislative	ADJ
ftr-315	14	20	proposals	proposal	NOUN
ftr-315	14	21	regarding	regard	VERB
ftr-315	14	22	the	the	DET
ftr-315	14	23	taxation	taxation	NOUN
ftr-315	14	24	of	of	ADP
ftr-315	14	25	carried	carry	VERB
ftr-315	14	26	interests	interest	NOUN
ftr-315	14	27	........................................................................	........................................................................	PUNCT
ftr-315	14	28	10	10	NUM
ftr-315	14	29	iii	iii	NOUN
ftr-315	14	30	.	.	PUNCT
ftr-315	15	1	the	the	DET
ftr-315	15	2	circuitous	circuitous	ADJ
ftr-315	15	3	route	route	NOUN
ftr-315	15	4	between	between	ADP
ftr-315	15	5	increased	increase	VERB
ftr-315	15	6	taxes	taxis	NOUN
ftr-315	15	7	on	on	ADP
ftr-315	15	8	fund	fund	NOUN
ftr-315	15	9	managers	manager	NOUN
ftr-315	15	10	and	and	CCONJ
ftr-315	15	11	reduced	reduced	ADJ
ftr-315	15	12	returns	return	NOUN
ftr-315	15	13	for	for	ADP
ftr-315	15	14	fund	fund	NOUN
ftr-315	15	15	investors	investor	NOUN
ftr-315	15	16	....................................................................	....................................................................	PUNCT
ftr-315	15	17	11	11	NUM
ftr-315	15	18	a.	a.	NOUN
ftr-315	15	19	clawback	clawback	NOUN
ftr-315	15	20	provisions	provision	NOUN
ftr-315	15	21	.................................................................	.................................................................	PUNCT
ftr-315	15	22	12	12	NUM
ftr-315	15	23	1	1	NUM
ftr-315	15	24	.	.	PUNCT
ftr-315	15	25	understanding	understand	VERB
ftr-315	15	26	clawbacks	clawback	NOUN
ftr-315	15	27	................................................	................................................	PUNCT
ftr-315	15	28	13	13	NUM
ftr-315	15	29	2	2	NUM
ftr-315	15	30	.	.	PUNCT
ftr-315	15	31	appreciating	appreciate	VERB
ftr-315	15	32	how	how	SCONJ
ftr-315	15	33	clawback	clawback	NOUN
ftr-315	15	34	problems	problem	NOUN
ftr-315	15	35	are	be	AUX
ftr-315	15	36	exacerbated	exacerbate	VERB
ftr-315	15	37	by	by	ADP
ftr-315	15	38	increases	increase	NOUN
ftr-315	15	39	to	to	ADP
ftr-315	15	40	the	the	DET
ftr-315	15	41	tax	tax	NOUN
ftr-315	15	42	on	on	ADP
ftr-315	15	43	carried	carry	VERB
ftr-315	15	44	interests	interest	NOUN
ftr-315	15	45	.................................................................	.................................................................	PUNCT
ftr-315	15	46	23	23	NUM
ftr-315	15	47	3	3	X
ftr-315	15	48	.	.	PUNCT
ftr-315	15	49	recommendations	recommendation	NOUN
ftr-315	15	50	for	for	ADP
ftr-315	15	51	fund	fund	NOUN
ftr-315	15	52	investors	investor	NOUN
ftr-315	15	53	regarding	regard	VERB
ftr-315	15	54	clawbacks	clawback	NOUN
ftr-315	15	55	...........................................................................	...........................................................................	PUNCT
ftr-315	15	56	25	25	NUM
ftr-315	15	57	b.	b.	NOUN
ftr-315	15	58	tax	tax	NOUN
ftr-315	15	59	distribution	distribution	NOUN
ftr-315	15	60	provisions	provision	NOUN
ftr-315	15	61	......................................................	......................................................	PUNCT
ftr-315	15	62	32	32	NUM
ftr-315	15	63	1	1	NUM
ftr-315	15	64	.	.	PUNCT
ftr-315	15	65	understanding	understand	VERB
ftr-315	15	66	tax	tax	NOUN
ftr-315	15	67	distributions	distribution	NOUN
ftr-315	15	68	......................................	......................................	PUNCT
ftr-315	15	69	32	32	NUM
ftr-315	15	70	2	2	NUM
ftr-315	15	71	.	.	PUNCT
ftr-315	15	72	increasing	increase	VERB
ftr-315	15	73	tax	tax	NOUN
ftr-315	15	74	distributions	distribution	NOUN
ftr-315	15	75	in	in	ADP
ftr-315	15	76	response	response	NOUN
ftr-315	15	77	to	to	ADP
ftr-315	15	78	increased	increase	VERB
ftr-315	15	79	tax	tax	NOUN
ftr-315	15	80	on	on	ADP
ftr-315	15	81	carried	carry	VERB
ftr-315	15	82	interests	interest	NOUN
ftr-315	15	83	.....................................................	.....................................................	PUNCT
ftr-315	15	84	34	34	NUM
ftr-315	15	85	3	3	NUM
ftr-315	15	86	.	.	PUNCT
ftr-315	15	87	sensitizing	sensitize	VERB
ftr-315	15	88	lps	lps	PROPN
ftr-315	15	89	to	to	ADP
ftr-315	15	90	the	the	DET
ftr-315	15	91	secondary	secondary	ADJ
ftr-315	15	92	effects	effect	NOUN
ftr-315	15	93	of	of	ADP
ftr-315	15	94	increasing	increase	VERB
ftr-315	15	95	the	the	DET
ftr-315	15	96	gp	gp	NOUN
ftr-315	15	97	’s	’s	PART
ftr-315	15	98	tax	tax	NOUN
ftr-315	15	99	distribution	distribution	NOUN
ftr-315	15	100	...................................................	...................................................	PUNCT
ftr-315	15	101	35	35	NUM
ftr-315	15	102	4	4	NUM
ftr-315	15	103	.	.	PUNCT
ftr-315	15	104	recommendations	recommendation	NOUN
ftr-315	15	105	for	for	ADP
ftr-315	15	106	fund	fund	NOUN
ftr-315	15	107	investors	investor	NOUN
ftr-315	15	108	regarding	regard	VERB
ftr-315	15	109	tax	tax	NOUN
ftr-315	15	110	distributions	distribution	NOUN
ftr-315	15	111	................................................................	................................................................	PUNCT
ftr-315	15	112	38	38	NUM
ftr-315	15	113	iv	iv	NOUN
ftr-315	15	114	.	.	PUNCT
ftr-315	15	115	conclusion	conclusion	NOUN
ftr-315	15	116	...................................................................................	...................................................................................	PUNCT
ftr-315	15	117	39	39	NUM
ftr-315	15	118	i.	i.	NOUN
ftr-315	15	119	introduction	introduction	NOUN
ftr-315	15	120	over	over	ADP
ftr-315	15	121	the	the	DET
ftr-315	15	122	past	past	ADJ
ftr-315	15	123	few	few	ADJ
ftr-315	15	124	years	year	NOUN
ftr-315	15	125	,	,	PUNCT
ftr-315	15	126	there	there	PRON
ftr-315	15	127	has	have	AUX
ftr-315	15	128	been	be	AUX
ftr-315	15	129	a	a	DET
ftr-315	15	130	vigorous	vigorous	ADJ
ftr-315	15	131	debate	debate	NOUN
ftr-315	15	132	about	about	ADP
ftr-315	15	133	how	how	SCONJ
ftr-315	15	134	to	to	PART
ftr-315	15	135	tax	tax	VERB
ftr-315	15	136	private	private	ADJ
ftr-315	15	137	equity	equity	NOUN
ftr-315	15	138	fund	fund	NOUN
ftr-315	15	139	managers	manager	NOUN
ftr-315	15	140	,	,	PUNCT
ftr-315	15	141	venture	venture	NOUN
ftr-315	15	142	capital	capital	NOUN
ftr-315	15	143	fund	fund	NOUN
ftr-315	15	144	managers	manager	NOUN
ftr-315	15	145	,	,	PUNCT
ftr-315	15	146	and	and	CCONJ
ftr-315	15	147	hedge	hedge	NOUN
ftr-315	15	148	fund	fund	NOUN
ftr-315	15	149	managers	manager	NOUN
ftr-315	15	150	who	who	PRON
ftr-315	15	151	,	,	PUNCT
ftr-315	15	152	as	as	ADP
ftr-315	15	153	part	part	NOUN
ftr-315	15	154	of	of	ADP
ftr-315	15	155	their	their	PRON
ftr-315	15	156	compensation	compensation	NOUN
ftr-315	15	157	,	,	PUNCT
ftr-315	15	158	receive	receive	VERB
ftr-315	15	159	rights	right	NOUN
ftr-315	15	160	to	to	PART
ftr-315	15	161	share	share	VERB
ftr-315	15	162	in	in	ADP
ftr-315	15	163	fund	fund	NOUN
ftr-315	15	164	profits	profit	NOUN
ftr-315	15	165	(	(	PUNCT
ftr-315	15	166	“	"	PUNCT
ftr-315	15	167	carried	carry	VERB
ftr-315	15	168	interests”).1	interests”).1	NOUN
ftr-315	15	169	recently	recently	ADV
ftr-315	15	170	,	,	PUNCT
ftr-315	15	171	mitt	mitt	PROPN
ftr-315	15	172	romney	romney	PROPN
ftr-315	15	173	’s	’s	PART
ftr-315	15	174	2012	2012	NUM
ftr-315	15	175	]	]	PUNCT
ftr-315	15	176	“	"	PUNCT
ftr-315	15	177	carried	carry	VERB
ftr-315	15	178	interest	interest	NOUN
ftr-315	15	179	”	"	PUNCT
ftr-315	15	180	tax	tax	NOUN
ftr-315	15	181	proposals	proposal	NOUN
ftr-315	15	182	3	3	NUM
ftr-315	15	183	presidential	presidential	ADJ
ftr-315	15	184	campaign	campaign	NOUN
ftr-315	15	185	has	have	AUX
ftr-315	15	186	intensified	intensify	VERB
ftr-315	15	187	this	this	DET
ftr-315	15	188	debate	debate	NOUN
ftr-315	15	189	because	because	SCONJ
ftr-315	15	190	part	part	NOUN
ftr-315	15	191	of	of	ADP
ftr-315	15	192	romney	romney	NOUN
ftr-315	15	193	’s	’s	PART
ftr-315	15	194	immense	immense	ADJ
ftr-315	15	195	wealth	wealth	NOUN
ftr-315	15	196	comes	come	VERB
ftr-315	15	197	from	from	ADP
ftr-315	15	198	tax	tax	NOUN
ftr-315	15	199	-	-	PUNCT
ftr-315	15	200	advantaged	advantage	VERB
ftr-315	15	201	carried	carry	VERB
ftr-315	15	202	interests	interest	NOUN
ftr-315	15	203	that	that	SCONJ
ftr-315	15	204	he	he	PRON
ftr-315	15	205	received	receive	VERB
ftr-315	15	206	in	in	ADP
ftr-315	15	207	connection	connection	NOUN
ftr-315	15	208	with	with	ADP
ftr-315	15	209	his	his	PRON
ftr-315	15	210	work	work	NOUN
ftr-315	15	211	with	with	ADP
ftr-315	15	212	the	the	DET
ftr-315	15	213	private	private	ADJ
ftr-315	15	214	equity	equity	NOUN
ftr-315	15	215	firm	firm	NOUN
ftr-315	15	216	of	of	ADP
ftr-315	15	217	bain	bain	PROPN
ftr-315	15	218	capital.2	capital.2	PROPN
ftr-315	15	219	despite	despite	SCONJ
ftr-315	15	220	the	the	DET
ftr-315	15	221	robust	robust	ADJ
ftr-315	15	222	academic	academic	ADJ
ftr-315	15	223	,	,	PUNCT
ftr-315	15	224	legislative	legislative	ADJ
ftr-315	15	225	,	,	PUNCT
ftr-315	15	226	and	and	CCONJ
ftr-315	15	227	media	medium	NOUN
ftr-315	15	228	discussions	discussion	NOUN
ftr-315	15	229	about	about	ADP
ftr-315	15	230	carried	carry	VERB
ftr-315	15	231	interests	interest	NOUN
ftr-315	15	232	,	,	PUNCT
ftr-315	15	233	relative	relative	ADJ
ftr-315	15	234	little	little	ADJ
ftr-315	15	235	attention	attention	NOUN
ftr-315	15	236	has	have	AUX
ftr-315	15	237	been	be	AUX
ftr-315	15	238	paid	pay	VERB
ftr-315	15	239	to	to	ADP
ftr-315	15	240	the	the	DET
ftr-315	15	241	way	way	NOUN
ftr-315	15	242	in	in	ADP
ftr-315	15	243	which	which	DET
ftr-315	15	244	fund	fund	NOUN
ftr-315	15	245	investors3	investors3	PROPN
ftr-315	15	246	could	could	AUX
ftr-315	15	247	be	be	AUX
ftr-315	15	248	impacted	impact	VERB
ftr-315	15	249	by	by	ADP
ftr-315	15	250	proposals	proposal	NOUN
ftr-315	15	251	to	to	PART
ftr-315	15	252	change	change	VERB
ftr-315	15	253	the	the	DET
ftr-315	15	254	way	way	NOUN
ftr-315	15	255	fund	fund	NOUN
ftr-315	15	256	managers	manager	NOUN
ftr-315	15	257	(	(	PUNCT
ftr-315	15	258	like	like	ADP
ftr-315	15	259	romney	romney	NOUN
ftr-315	15	260	)	)	PUNCT
ftr-315	15	261	are	be	AUX
ftr-315	15	262	taxed	tax	VERB
ftr-315	15	263	on	on	ADP
ftr-315	15	264	carried	carry	VERB
ftr-315	15	265	interests.4	interests.4	PROPN
ftr-315	15	266	some	some	PRON
ftr-315	15	267	of	of	ADP
ftr-315	15	268	the	the	DET
ftr-315	15	269	1	1	NUM
ftr-315	15	270	.	.	PUNCT
ftr-315	16	1	see	see	VERB
ftr-315	16	2	,	,	PUNCT
ftr-315	16	3	e.g.	e.g.	ADV
ftr-315	16	4	,	,	PUNCT
ftr-315	16	5	noel	noel	PROPN
ftr-315	16	6	b.	b.	PROPN
ftr-315	16	7	cunningham	cunningham	PROPN
ftr-315	16	8	&	&	CCONJ
ftr-315	16	9	mitchell	mitchell	PROPN
ftr-315	16	10	l.	l.	PROPN
ftr-315	16	11	engler	engler	PROPN
ftr-315	16	12	,	,	PUNCT
ftr-315	16	13	the	the	DET
ftr-315	16	14	carried	carry	VERB
ftr-315	16	15	interest	interest	NOUN
ftr-315	16	16	controversy	controversy	NOUN
ftr-315	16	17	:	:	PUNCT
ftr-315	16	18	let	let	VERB
ftr-315	16	19	’s	’s	PRON
ftr-315	16	20	not	not	PART
ftr-315	16	21	get	get	AUX
ftr-315	16	22	carried	carry	VERB
ftr-315	16	23	away	away	ADV
ftr-315	16	24	,	,	PUNCT
ftr-315	16	25	61	61	NUM
ftr-315	16	26	tax	tax	NOUN
ftr-315	16	27	l.	l.	PROPN
ftr-315	16	28	rev	rev	PROPN
ftr-315	16	29	.	.	PROPN
ftr-315	16	30	121	121	NUM
ftr-315	16	31	(	(	PUNCT
ftr-315	16	32	2008	2008	NUM
ftr-315	16	33	)	)	PUNCT
ftr-315	16	34	;	;	PUNCT
ftr-315	17	1	victor	victor	NOUN
ftr-315	17	2	fleischer	fleischer	PROPN
ftr-315	17	3	,	,	PUNCT
ftr-315	17	4	two	two	NUM
ftr-315	17	5	and	and	CCONJ
ftr-315	17	6	twenty	twenty	NUM
ftr-315	17	7	:	:	PUNCT
ftr-315	17	8	taxing	tax	VERB
ftr-315	17	9	partnership	partnership	NOUN
ftr-315	17	10	profits	profit	NOUN
ftr-315	17	11	in	in	ADP
ftr-315	17	12	private	private	ADJ
ftr-315	17	13	equity	equity	NOUN
ftr-315	17	14	funds	fund	NOUN
ftr-315	17	15	,	,	PUNCT
ftr-315	17	16	83	83	NUM
ftr-315	17	17	n.y.u	n.y.u	NOUN
ftr-315	17	18	.	.	PUNCT
ftr-315	17	19	l.	l.	PROPN
ftr-315	17	20	rev	rev	PROPN
ftr-315	17	21	.	.	PROPN
ftr-315	17	22	1	1	NUM
ftr-315	17	23	(	(	PUNCT
ftr-315	17	24	2008	2008	NUM
ftr-315	17	25	)	)	PUNCT
ftr-315	18	1	[	[	X
ftr-315	18	2	hereinafter	hereinafter	NOUN
ftr-315	18	3	fleisher	fleisher	NOUN
ftr-315	18	4	,	,	PUNCT
ftr-315	18	5	two	two	NUM
ftr-315	18	6	and	and	CCONJ
ftr-315	18	7	twenty	twenty	NUM
ftr-315	18	8	]	]	PUNCT
ftr-315	18	9	;	;	PUNCT
ftr-315	18	10	philip	philip	PROPN
ftr-315	18	11	f.	f.	PROPN
ftr-315	18	12	postlewaite	postlewaite	PROPN
ftr-315	18	13	,	,	PUNCT
ftr-315	18	14	fifteen	fifteen	NUM
ftr-315	18	15	&	&	CCONJ
ftr-315	18	16	thirty	thirty	NUM
ftr-315	18	17	-	-	PUNCT
ftr-315	18	18	five	five	NUM
ftr-315	18	19	—	—	PUNCT
ftr-315	18	20	class	class	NOUN
ftr-315	18	21	warfare	warfare	NOUN
ftr-315	18	22	in	in	ADP
ftr-315	18	23	subchapter	subchapter	NOUN
ftr-315	18	24	k	k	PROPN
ftr-315	18	25	of	of	ADP
ftr-315	18	26	the	the	DET
ftr-315	18	27	internal	internal	ADJ
ftr-315	18	28	revenue	revenue	NOUN
ftr-315	18	29	code	code	NOUN
ftr-315	18	30	:	:	PUNCT
ftr-315	18	31	the	the	DET
ftr-315	18	32	taxation	taxation	NOUN
ftr-315	18	33	of	of	ADP
ftr-315	18	34	human	human	ADJ
ftr-315	18	35	capital	capital	NOUN
ftr-315	18	36	upon	upon	SCONJ
ftr-315	18	37	the	the	DET
ftr-315	18	38	receipt	receipt	NOUN
ftr-315	18	39	of	of	ADP
ftr-315	18	40	a	a	DET
ftr-315	18	41	proprietary	proprietary	ADJ
ftr-315	18	42	interest	interest	NOUN
ftr-315	18	43	in	in	ADP
ftr-315	18	44	a	a	DET
ftr-315	18	45	business	business	NOUN
ftr-315	18	46	enterprise	enterprise	NOUN
ftr-315	18	47	,	,	PUNCT
ftr-315	18	48	28	28	NUM
ftr-315	18	49	va	va	X
ftr-315	18	50	.	.	PUNCT
ftr-315	18	51	tax	tax	PROPN
ftr-315	18	52	rev	rev	PROPN
ftr-315	18	53	.	.	PROPN
ftr-315	18	54	817	817	NUM
ftr-315	18	55	(	(	PUNCT
ftr-315	18	56	2009	2009	NUM
ftr-315	18	57	)	)	PUNCT
ftr-315	18	58	;	;	PUNCT
ftr-315	18	59	david	david	PROPN
ftr-315	18	60	a.	a.	PROPN
ftr-315	18	61	weisbach	weisbach	PROPN
ftr-315	18	62	,	,	PUNCT
ftr-315	18	63	the	the	DET
ftr-315	18	64	taxation	taxation	NOUN
ftr-315	18	65	of	of	ADP
ftr-315	18	66	carried	carry	VERB
ftr-315	18	67	interests	interest	NOUN
ftr-315	18	68	in	in	ADP
ftr-315	18	69	private	private	ADJ
ftr-315	18	70	equity	equity	NOUN
ftr-315	18	71	,	,	PUNCT
ftr-315	18	72	94	94	NUM
ftr-315	18	73	va	va	NOUN
ftr-315	18	74	.	.	PUNCT
ftr-315	19	1	l.	l.	PROPN
ftr-315	19	2	rev	rev	PROPN
ftr-315	19	3	.	.	PROPN
ftr-315	20	1	715	715	NUM
ftr-315	20	2	(	(	PUNCT
ftr-315	20	3	2008	2008	NUM
ftr-315	20	4	)	)	PUNCT
ftr-315	20	5	;	;	PUNCT
ftr-315	21	1	karen	karen	PROPN
ftr-315	21	2	c.	c.	PROPN
ftr-315	21	3	burke	burke	PROPN
ftr-315	21	4	,	,	PUNCT
ftr-315	21	5	the	the	DET
ftr-315	21	6	sound	sound	NOUN
ftr-315	21	7	and	and	CCONJ
ftr-315	21	8	fury	fury	NOUN
ftr-315	21	9	of	of	ADP
ftr-315	21	10	carried	carry	VERB
ftr-315	21	11	interest	interest	NOUN
ftr-315	21	12	reform	reform	NOUN
ftr-315	21	13	,	,	PUNCT
ftr-315	21	14	1	1	NUM
ftr-315	21	15	colum	colum	NOUN
ftr-315	21	16	.	.	PUNCT
ftr-315	22	1	j.	j.	PROPN
ftr-315	22	2	tax	tax	PROPN
ftr-315	22	3	l.	l.	PROPN
ftr-315	22	4	1	1	NUM
ftr-315	22	5	(	(	PUNCT
ftr-315	22	6	2010	2010	NUM
ftr-315	22	7	)	)	PUNCT
ftr-315	23	1	[	[	X
ftr-315	23	2	burke	burke	NOUN
ftr-315	23	3	,	,	PUNCT
ftr-315	23	4	sound	sound	NOUN
ftr-315	23	5	and	and	CCONJ
ftr-315	23	6	fury	fury	NOUN
ftr-315	23	7	]	]	PUNCT
ftr-315	23	8	.	.	PUNCT
ftr-315	24	1	2	2	X
ftr-315	24	2	.	.	X
ftr-315	24	3	see	see	VERB
ftr-315	24	4	,	,	PUNCT
ftr-315	24	5	e.g.	e.g.	ADV
ftr-315	24	6	,	,	PUNCT
ftr-315	24	7	heidi	heidi	PROPN
ftr-315	24	8	przybyla	przybyla	PROPN
ftr-315	24	9	&	&	CCONJ
ftr-315	24	10	david	david	PROPN
ftr-315	24	11	j.	j.	PROPN
ftr-315	24	12	lynch	lynch	PROPN
ftr-315	24	13	,	,	PUNCT
ftr-315	24	14	carried	carry	VERB
ftr-315	24	15	interest	interest	NOUN
ftr-315	24	16	debate	debate	NOUN
ftr-315	24	17	in	in	ADP
ftr-315	24	18	spotlight	spotlight	NOUN
ftr-315	24	19	amid	amid	ADP
ftr-315	24	20	romney	romney	NOUN
ftr-315	24	21	tax	tax	NOUN
ftr-315	24	22	release	release	NOUN
ftr-315	24	23	(	(	PUNCT
ftr-315	24	24	feb	feb	PROPN
ftr-315	24	25	1	1	NUM
ftr-315	24	26	,	,	PUNCT
ftr-315	24	27	2012	2012	NUM
ftr-315	24	28	)	)	PUNCT
ftr-315	24	29	,	,	PUNCT
ftr-315	24	30	http://www.businessweek	http://www.businessweek	NOUN
ftr-315	24	31	.	.	PUNCT
ftr-315	24	32	com	com	NOUN
ftr-315	24	33	/	/	SYM
ftr-315	24	34	news/2012	news/2012	NOUN
ftr-315	24	35	-	-	PUNCT
ftr-315	24	36	02	02	NUM
ftr-315	24	37	-	-	PUNCT
ftr-315	24	38	01	01	NUM
ftr-315	24	39	/	/	SYM
ftr-315	24	40	carried	carry	VERB
ftr-315	24	41	-	-	PUNCT
ftr-315	24	42	interest	interest	NOUN
ftr-315	24	43	-	-	PUNCT
ftr-315	24	44	debate	debate	NOUN
ftr-315	24	45	-	-	PUNCT
ftr-315	24	46	in	in	ADP
ftr-315	24	47	-	-	PUNCT
ftr-315	24	48	spotlight	spotlight	NOUN
ftr-315	24	49	-	-	PUNCT
ftr-315	24	50	amid	amid	NOUN
ftr-315	24	51	-	-	PUNCT
ftr-315	24	52	romney	romney	NOUN
ftr-315	24	53	-	-	PUNCT
ftr-315	24	54	tax	tax	NOUN
ftr-315	24	55	-	-	PUNCT
ftr-315	24	56	release	release	NOUN
ftr-315	24	57	.	.	PUNCT
ftr-315	25	1	html	html	NOUN
ftr-315	25	2	;	;	PUNCT
ftr-315	25	3	peter	peter	PROPN
ftr-315	25	4	lattman	lattman	PROPN
ftr-315	25	5	,	,	PUNCT
ftr-315	25	6	romney	romney	NOUN
ftr-315	25	7	disclosure	disclosure	NOUN
ftr-315	25	8	reignites	reignite	VERB
ftr-315	25	9	debate	debate	NOUN
ftr-315	25	10	over	over	ADP
ftr-315	25	11	carried	carry	VERB
ftr-315	25	12	interests	interest	NOUN
ftr-315	25	13	(	(	PUNCT
ftr-315	25	14	jan	jan	PROPN
ftr-315	25	15	.	.	PROPN
ftr-315	25	16	17	17	NUM
ftr-315	25	17	,	,	PUNCT
ftr-315	25	18	2012	2012	NUM
ftr-315	25	19	)	)	PUNCT
ftr-315	25	20	,	,	PUNCT
ftr-315	25	21	http://dealbook.nytimes.com/2012/01/17/romney-disclosurereignites-debate-over-carried-interest-tax/	http://dealbook.nytimes.com/2012/01/17/romney-disclosurereignites-debate-over-carried-interest-tax/	PROPN
ftr-315	25	22	;	;	PUNCT
ftr-315	25	23	daniel	daniel	PROPN
ftr-315	25	24	schafer	schafer	PROPN
ftr-315	25	25	&	&	CCONJ
ftr-315	25	26	richard	richard	PROPN
ftr-315	25	27	mcgregor	mcgregor	PROPN
ftr-315	25	28	,	,	PUNCT
ftr-315	25	29	bain	bain	PROPN
ftr-315	25	30	chiefs	chiefs	PROPN
ftr-315	25	31	may	may	AUX
ftr-315	25	32	rue	rue	VERB
ftr-315	25	33	the	the	DET
ftr-315	25	34	romney	romney	NOUN
ftr-315	25	35	factor	factor	NOUN
ftr-315	25	36	(	(	PUNCT
ftr-315	25	37	jan	jan	PROPN
ftr-315	25	38	.	.	PROPN
ftr-315	25	39	30	30	NUM
ftr-315	25	40	,	,	PUNCT
ftr-315	25	41	2012	2012	NUM
ftr-315	25	42	)	)	PUNCT
ftr-315	25	43	http://www.ft.com/cms/s/0/	http://www.ft.com/cms/s/0/	PUNCT
ftr-315	26	1	4b2d88e8-4b60-11e1-b980-00144feabdc0.html#axzz1m7vhuo1a	4b2d88e8-4b60-11e1-b980-00144feabdc0.html#axzz1m7vhuo1a	NUM
ftr-315	26	2	;	;	PUNCT
ftr-315	26	3	the	the	DET
ftr-315	26	4	daily	daily	ADJ
ftr-315	26	5	show	show	NOUN
ftr-315	26	6	with	with	ADP
ftr-315	26	7	jon	jon	PROPN
ftr-315	26	8	stewart	stewart	PROPN
ftr-315	26	9	at	at	ADP
ftr-315	26	10	2:15–6:20	2:15–6:20	PROPN
ftr-315	26	11	(	(	PUNCT
ftr-315	26	12	jan	jan	PROPN
ftr-315	26	13	.	.	PROPN
ftr-315	26	14	24	24	NUM
ftr-315	26	15	,	,	PUNCT
ftr-315	26	16	2012	2012	NUM
ftr-315	26	17	)	)	PUNCT
ftr-315	26	18	http://www.thedailyshow.com/fullepisodes/tue-january-24-2012-elizabeth-warren	http://www.thedailyshow.com/fullepisodes/tue-january-24-2012-elizabeth-warren	NOUN
ftr-315	26	19	.	.	PUNCT
ftr-315	27	1	3	3	X
ftr-315	27	2	.	.	X
ftr-315	27	3	references	reference	NOUN
ftr-315	27	4	herein	herein	VERB
ftr-315	27	5	to	to	ADP
ftr-315	27	6	funds	fund	NOUN
ftr-315	27	7	and	and	CCONJ
ftr-315	27	8	fund	fund	NOUN
ftr-315	27	9	investors	investor	NOUN
ftr-315	27	10	refer	refer	VERB
ftr-315	27	11	to	to	ADP
ftr-315	27	12	private	private	ADJ
ftr-315	27	13	equity	equity	NOUN
ftr-315	27	14	funds	fund	NOUN
ftr-315	27	15	,	,	PUNCT
ftr-315	27	16	venture	venture	NOUN
ftr-315	27	17	capital	capital	NOUN
ftr-315	27	18	funds	fund	NOUN
ftr-315	27	19	,	,	PUNCT
ftr-315	27	20	hedge	hedge	NOUN
ftr-315	27	21	funds	fund	NOUN
ftr-315	27	22	,	,	PUNCT
ftr-315	27	23	and	and	CCONJ
ftr-315	27	24	similar	similar	ADJ
ftr-315	27	25	investment	investment	NOUN
ftr-315	27	26	or	or	CCONJ
ftr-315	27	27	real	real	ADJ
ftr-315	27	28	estate	estate	NOUN
ftr-315	27	29	funds	fund	NOUN
ftr-315	27	30	that	that	PRON
ftr-315	27	31	are	be	AUX
ftr-315	27	32	largely	largely	ADV
ftr-315	27	33	unregulated	unregulated	ADJ
ftr-315	27	34	and	and	CCONJ
ftr-315	27	35	whose	whose	DET
ftr-315	27	36	managers	manager	NOUN
ftr-315	27	37	are	be	AUX
ftr-315	27	38	compensated	compensate	VERB
ftr-315	27	39	,	,	PUNCT
ftr-315	27	40	at	at	ADP
ftr-315	27	41	least	least	ADJ
ftr-315	27	42	in	in	ADP
ftr-315	27	43	part	part	NOUN
ftr-315	27	44	,	,	PUNCT
ftr-315	27	45	based	base	VERB
ftr-315	27	46	on	on	ADP
ftr-315	27	47	a	a	DET
ftr-315	27	48	percentage	percentage	NOUN
ftr-315	27	49	of	of	ADP
ftr-315	27	50	the	the	DET
ftr-315	27	51	fund	fund	NOUN
ftr-315	27	52	’s	’s	PART
ftr-315	27	53	profits	profit	NOUN
ftr-315	27	54	.	.	PUNCT
ftr-315	28	1	in	in	ADP
ftr-315	28	2	contrast	contrast	NOUN
ftr-315	28	3	,	,	PUNCT
ftr-315	28	4	this	this	DET
ftr-315	28	5	article	article	NOUN
ftr-315	28	6	does	do	AUX
ftr-315	28	7	not	not	PART
ftr-315	28	8	address	address	VERB
ftr-315	28	9	mutual	mutual	ADJ
ftr-315	28	10	funds	fund	NOUN
ftr-315	28	11	or	or	CCONJ
ftr-315	28	12	other	other	ADJ
ftr-315	28	13	funds	fund	NOUN
ftr-315	28	14	that	that	PRON
ftr-315	28	15	are	be	AUX
ftr-315	28	16	subject	subject	ADJ
ftr-315	28	17	to	to	ADP
ftr-315	28	18	significant	significant	ADJ
ftr-315	28	19	regulation	regulation	NOUN
ftr-315	28	20	by	by	ADP
ftr-315	28	21	the	the	DET
ftr-315	28	22	u.s	u.s	PROPN
ftr-315	28	23	.	.	PROPN
ftr-315	28	24	government	government	NOUN
ftr-315	28	25	or	or	CCONJ
ftr-315	28	26	whose	whose	DET
ftr-315	28	27	managers	manager	NOUN
ftr-315	28	28	’	'	PUNCT
ftr-315	28	29	compensation	compensation	NOUN
ftr-315	28	30	is	be	AUX
ftr-315	28	31	based	base	VERB
ftr-315	28	32	on	on	ADP
ftr-315	28	33	something	something	PRON
ftr-315	28	34	other	other	ADJ
ftr-315	28	35	than	than	ADP
ftr-315	28	36	a	a	DET
ftr-315	28	37	percentage	percentage	NOUN
ftr-315	28	38	of	of	ADP
ftr-315	28	39	the	the	DET
ftr-315	28	40	fund	fund	NOUN
ftr-315	28	41	’s	’s	PART
ftr-315	28	42	profits	profit	NOUN
ftr-315	28	43	.	.	PUNCT
ftr-315	29	1	4	4	X
ftr-315	29	2	.	.	X
ftr-315	29	3	this	this	PRON
ftr-315	29	4	may	may	AUX
ftr-315	29	5	be	be	AUX
ftr-315	29	6	because	because	SCONJ
ftr-315	29	7	some	some	DET
ftr-315	29	8	commentators	commentator	NOUN
ftr-315	29	9	conclude	conclude	VERB
ftr-315	29	10	that	that	SCONJ
ftr-315	29	11	fund	fund	NOUN
ftr-315	29	12	investors	investor	NOUN
ftr-315	29	13	are	be	AUX
ftr-315	29	14	unlikely	unlikely	ADJ
ftr-315	29	15	to	to	PART
ftr-315	29	16	be	be	AUX
ftr-315	29	17	materially	materially	ADV
ftr-315	29	18	affected	affect	VERB
ftr-315	29	19	by	by	ADP
ftr-315	29	20	the	the	DET
ftr-315	29	21	proposals	proposal	NOUN
ftr-315	29	22	.	.	PUNCT
ftr-315	30	1	see	see	VERB
ftr-315	30	2	,	,	PUNCT
ftr-315	30	3	e.g.	e.g.	ADV
ftr-315	30	4	,	,	PUNCT
ftr-315	30	5	alan	alan	PROPN
ftr-315	30	6	j.	j.	PROPN
ftr-315	30	7	auerbach	auerbach	PROPN
ftr-315	30	8	,	,	PUNCT
ftr-315	30	9	u.c	u.c	PROPN
ftr-315	30	10	.	.	PROPN
ftr-315	30	11	berkeley	berkeley	PROPN
ftr-315	30	12	professor	professor	NOUN
ftr-315	30	13	recommends	recommend	VERB
ftr-315	30	14	capital	capital	NOUN
ftr-315	30	15	gains	gain	NOUN
ftr-315	30	16	tax	tax	NOUN
ftr-315	30	17	reform	reform	NOUN
ftr-315	30	18	,	,	PUNCT
ftr-315	30	19	2007	2007	NUM
ftr-315	30	20	tax	tax	NOUN
ftr-315	30	21	notes	note	NOUN
ftr-315	30	22	today	today	NOUN
ftr-315	30	23	174–57	174–57	NUM
ftr-315	30	24	(	(	PUNCT
ftr-315	30	25	sept	sept	PROPN
ftr-315	30	26	.	.	PROPN
ftr-315	30	27	6	6	NUM
ftr-315	30	28	,	,	PUNCT
ftr-315	30	29	2007	2007	NUM
ftr-315	30	30	)	)	PUNCT
ftr-315	30	31	(	(	PUNCT
ftr-315	30	32	concluding	conclude	VERB
ftr-315	30	33	that	that	SCONJ
ftr-315	30	34	“	"	PUNCT
ftr-315	30	35	[	[	X
ftr-315	30	36	i]f	i]f	ADP
ftr-315	30	37	half	half	NOUN
ftr-315	30	38	of	of	ADP
ftr-315	30	39	the	the	DET
ftr-315	30	40	tax	tax	NOUN
ftr-315	30	41	increase	increase	NOUN
ftr-315	30	42	were	be	AUX
ftr-315	30	43	shifted	shift	VERB
ftr-315	30	44	to	to	ADP
ftr-315	30	45	investors	investor	NOUN
ftr-315	30	46	,	,	PUNCT
ftr-315	30	47	this	this	PRON
ftr-315	30	48	.	.	PUNCT
ftr-315	30	49	.	.	PUNCT
ftr-315	31	1	.	.	PUNCT
ftr-315	32	1	would	would	AUX
ftr-315	32	2	imply	imply	VERB
ftr-315	32	3	a	a	DET
ftr-315	32	4	reduction	reduction	NOUN
ftr-315	32	5	of	of	ADP
ftr-315	32	6	at	at	ADV
ftr-315	32	7	most	most	ADV
ftr-315	32	8	around	around	ADP
ftr-315	32	9	2	2	NUM
ftr-315	32	10	basis	basis	NOUN
ftr-315	32	11	points	point	NOUN
ftr-315	32	12	in	in	ADP
ftr-315	32	13	the	the	DET
ftr-315	32	14	annual	annual	ADJ
ftr-315	32	15	return	return	NOUN
ftr-315	32	16	[	[	X
ftr-315	32	17	for	for	ADP
ftr-315	32	18	investors	investor	NOUN
ftr-315	32	19	]	]	PUNCT
ftr-315	32	20	.	.	PUNCT
ftr-315	32	21	.	.	PUNCT
ftr-315	33	1	.	.	PUNCT
ftr-315	34	1	and	and	CCONJ
ftr-315	34	2	quite	quite	ADV
ftr-315	34	3	possibly	possibly	ADV
ftr-315	34	4	much	much	ADV
ftr-315	34	5	less	less	ADJ
ftr-315	34	6	.	.	PUNCT
ftr-315	34	7	”	"	PUNCT
ftr-315	34	8	)	)	PUNCT
ftr-315	35	1	;	;	PUNCT
ftr-315	35	2	orin	orin	PROPN
ftr-315	35	3	s.	s.	PROPN
ftr-315	35	4	kramer	kramer	PROPN
ftr-315	35	5	,	,	PUNCT
ftr-315	35	6	hedge	hedge	NOUN
ftr-315	35	7	fund	fund	NOUN
ftr-315	35	8	manager	manager	NOUN
ftr-315	35	9	dismisses	dismiss	VERB
ftr-315	35	10	claims	claim	NOUN
ftr-315	35	11	that	that	SCONJ
ftr-315	35	12	higher	high	ADJ
ftr-315	35	13	taxes	taxis	NOUN
ftr-315	35	14	on	on	ADP
ftr-315	35	15	private	private	ADJ
ftr-315	35	16	equity	equity	NOUN
ftr-315	35	17	would	would	AUX
ftr-315	35	18	harm	harm	VERB
ftr-315	35	19	pension	pension	NOUN
ftr-315	35	20	funds	fund	NOUN
ftr-315	35	21	,	,	PUNCT
ftr-315	35	22	2007	2007	NUM
ftr-315	35	23	tax	tax	NOUN
ftr-315	35	24	notes	note	NOUN
ftr-315	35	25	today	today	NOUN
ftr-315	35	26	174–46	174–46	PROPN
ftr-315	35	27	(	(	PUNCT
ftr-315	35	28	sept	sept	PROPN
ftr-315	35	29	.	.	PROPN
ftr-315	35	30	6	6	NUM
ftr-315	35	31	,	,	PUNCT
ftr-315	35	32	2007	2007	NUM
ftr-315	35	33	)	)	PUNCT
ftr-315	35	34	.	.	PUNCT
ftr-315	36	1	additionally	additionally	ADV
ftr-315	36	2	,	,	PUNCT
ftr-315	36	3	the	the	DET
ftr-315	36	4	limited	limited	ADJ
ftr-315	36	5	attention	attention	NOUN
ftr-315	36	6	to	to	PART
ftr-315	36	7	fund	fund	NOUN
ftr-315	36	8	investors	investor	NOUN
ftr-315	36	9	may	may	AUX
ftr-315	36	10	be	be	AUX
ftr-315	36	11	because	because	SCONJ
ftr-315	36	12	investors	investor	NOUN
ftr-315	36	13	in	in	ADP
ftr-315	36	14	funds	fund	NOUN
ftr-315	36	15	are	be	AUX
ftr-315	36	16	generally	generally	ADV
ftr-315	36	17	sophisticated	sophisticated	ADJ
ftr-315	36	18	parties	party	NOUN
ftr-315	36	19	who	who	PRON
ftr-315	36	20	,	,	PUNCT
ftr-315	36	21	except	except	SCONJ
ftr-315	36	22	for	for	ADP
ftr-315	36	23	investors	investor	NOUN
ftr-315	36	24	that	that	PRON
ftr-315	36	25	are	be	AUX
ftr-315	36	26	pensions	pension	NOUN
ftr-315	36	27	and	and	CCONJ
ftr-315	36	28	charitable	charitable	ADJ
ftr-315	36	29	foundations	foundation	NOUN
ftr-315	36	30	,	,	PUNCT
ftr-315	36	31	are	be	AUX
ftr-315	36	32	relatively	relatively	ADV
ftr-315	36	33	unsympathetic	unsympathetic	ADJ
ftr-315	36	34	constituencies	constituency	NOUN
ftr-315	36	35	.	.	PUNCT
ftr-315	37	1	cf	cf	NOUN
ftr-315	37	2	.	.	PUNCT
ftr-315	38	1	stephen	stephen	PROPN
ftr-315	38	2	labaton	labaton	PROPN
ftr-315	38	3	&	&	CCONJ
ftr-315	38	4	jenny	jenny	PROPN
ftr-315	38	5	anderson	anderson	PROPN
ftr-315	38	6	,	,	PUNCT
ftr-315	38	7	pension	pension	NOUN
ftr-315	38	8	effect	effect	NOUN
ftr-315	38	9	from	from	ADP
ftr-315	38	10	tax	tax	NOUN
ftr-315	38	11	plan	plan	NOUN
ftr-315	38	12	is	be	AUX
ftr-315	38	13	called	call	VERB
ftr-315	38	14	slight	slight	ADJ
ftr-315	38	15	,	,	PUNCT
ftr-315	38	16	4	4	NUM
ftr-315	38	17	florida	florida	PROPN
ftr-315	38	18	tax	tax	NOUN
ftr-315	38	19	review	review	NOUN
ftr-315	38	20	[	[	X
ftr-315	38	21	vol.13:1	vol.13:1	ADJ
ftr-315	38	22	commentators	commentator	NOUN
ftr-315	38	23	that	that	PRON
ftr-315	38	24	do	do	AUX
ftr-315	38	25	address	address	VERB
ftr-315	38	26	the	the	DET
ftr-315	38	27	consequences	consequence	NOUN
ftr-315	38	28	for	for	ADP
ftr-315	38	29	fund	fund	NOUN
ftr-315	38	30	investors	investor	NOUN
ftr-315	38	31	suggest	suggest	VERB
ftr-315	38	32	that	that	SCONJ
ftr-315	38	33	managers	manager	NOUN
ftr-315	38	34	may	may	AUX
ftr-315	38	35	try	try	VERB
ftr-315	38	36	to	to	PART
ftr-315	38	37	pass	pass	VERB
ftr-315	38	38	along	along	ADP
ftr-315	38	39	part	part	NOUN
ftr-315	38	40	of	of	ADP
ftr-315	38	41	their	their	PRON
ftr-315	38	42	increased	increase	VERB
ftr-315	38	43	tax	tax	NOUN
ftr-315	38	44	burden	burden	NOUN
ftr-315	38	45	by	by	ADP
ftr-315	38	46	,	,	PUNCT
ftr-315	38	47	for	for	ADP
ftr-315	38	48	example	example	NOUN
ftr-315	38	49	,	,	PUNCT
ftr-315	38	50	increasing	increase	VERB
ftr-315	38	51	management	management	NOUN
ftr-315	38	52	fees	fee	NOUN
ftr-315	38	53	or	or	CCONJ
ftr-315	38	54	increasing	increase	VERB
ftr-315	38	55	the	the	DET
ftr-315	38	56	size	size	NOUN
ftr-315	38	57	of	of	ADP
ftr-315	38	58	the	the	DET
ftr-315	38	59	managers	manager	NOUN
ftr-315	38	60	’	'	PUNCT
ftr-315	38	61	carried	carry	VERB
ftr-315	38	62	interests.5	interests.5	ADJ
ftr-315	38	63	other	other	ADJ
ftr-315	38	64	commentators	commentator	NOUN
ftr-315	38	65	believe	believe	VERB
ftr-315	38	66	that	that	SCONJ
ftr-315	38	67	fund	fund	NOUN
ftr-315	38	68	investors	investor	NOUN
ftr-315	38	69	’	’	PART
ftr-315	38	70	returns	return	NOUN
ftr-315	38	71	are	be	AUX
ftr-315	38	72	likely	likely	ADJ
ftr-315	38	73	to	to	PART
ftr-315	38	74	be	be	AUX
ftr-315	38	75	reduced	reduce	VERB
ftr-315	38	76	because	because	SCONJ
ftr-315	38	77	of	of	ADP
ftr-315	38	78	the	the	DET
ftr-315	38	79	overall	overall	ADJ
ftr-315	38	80	harm	harm	NOUN
ftr-315	38	81	these	these	DET
ftr-315	38	82	commentators	commentator	NOUN
ftr-315	38	83	believe	believe	VERB
ftr-315	38	84	will	will	AUX
ftr-315	38	85	befall	befall	VERB
ftr-315	38	86	the	the	DET
ftr-315	38	87	economy	economy	NOUN
ftr-315	38	88	and	and	CCONJ
ftr-315	38	89	the	the	DET
ftr-315	38	90	fund	fund	NOUN
ftr-315	38	91	industry	industry	NOUN
ftr-315	38	92	if	if	SCONJ
ftr-315	38	93	the	the	DET
ftr-315	38	94	carried	carry	VERB
ftr-315	38	95	interest	interest	NOUN
ftr-315	38	96	proposals	proposal	NOUN
ftr-315	38	97	pass.6	pass.6	NOUN
ftr-315	38	98	but	but	CCONJ
ftr-315	38	99	the	the	DET
ftr-315	38	100	impact	impact	NOUN
ftr-315	38	101	on	on	ADP
ftr-315	38	102	fund	fund	NOUN
ftr-315	38	103	investors	investor	NOUN
ftr-315	38	104	deserves	deserve	VERB
ftr-315	38	105	more	more	ADV
ftr-315	38	106	careful	careful	ADJ
ftr-315	38	107	analysis	analysis	NOUN
ftr-315	38	108	,	,	PUNCT
ftr-315	38	109	particularly	particularly	ADV
ftr-315	38	110	because	because	SCONJ
ftr-315	38	111	public	public	ADJ
ftr-315	38	112	and	and	CCONJ
ftr-315	38	113	private	private	ADJ
ftr-315	38	114	pension	pension	NOUN
ftr-315	38	115	funds	fund	NOUN
ftr-315	38	116	,	,	PUNCT
ftr-315	38	117	foundations	foundation	NOUN
ftr-315	38	118	,	,	PUNCT
ftr-315	38	119	and	and	CCONJ
ftr-315	38	120	endowments	endowment	NOUN
ftr-315	38	121	(	(	PUNCT
ftr-315	38	122	and	and	CCONJ
ftr-315	38	123	not	not	PART
ftr-315	38	124	merely	merely	ADV
ftr-315	38	125	wealthy	wealthy	ADJ
ftr-315	38	126	private	private	ADJ
ftr-315	38	127	individuals	individual	NOUN
ftr-315	38	128	)	)	PUNCT
ftr-315	38	129	are	be	AUX
ftr-315	38	130	typically	typically	ADV
ftr-315	38	131	the	the	DET
ftr-315	38	132	majority	majority	NOUN
ftr-315	38	133	investors	investor	NOUN
ftr-315	38	134	in	in	ADP
ftr-315	38	135	funds.7	funds.7	NOUN
ftr-315	38	136	this	this	DET
ftr-315	38	137	article	article	NOUN
ftr-315	38	138	provides	provide	VERB
ftr-315	38	139	this	this	DET
ftr-315	38	140	analysis	analysis	NOUN
ftr-315	38	141	.	.	PUNCT
ftr-315	39	1	this	this	DET
ftr-315	39	2	article	article	NOUN
ftr-315	39	3	argues	argue	VERB
ftr-315	39	4	that	that	SCONJ
ftr-315	39	5	,	,	PUNCT
ftr-315	39	6	while	while	SCONJ
ftr-315	39	7	the	the	DET
ftr-315	39	8	limited	limited	ADJ
ftr-315	39	9	commentary	commentary	NOUN
ftr-315	39	10	correctly	correctly	ADV
ftr-315	39	11	identifies	identify	VERB
ftr-315	39	12	the	the	DET
ftr-315	39	13	possibility	possibility	NOUN
ftr-315	39	14	that	that	SCONJ
ftr-315	39	15	proposals	proposal	NOUN
ftr-315	39	16	to	to	PART
ftr-315	39	17	change	change	VERB
ftr-315	39	18	the	the	DET
ftr-315	39	19	tax	tax	NOUN
ftr-315	39	20	treatment	treatment	NOUN
ftr-315	39	21	of	of	ADP
ftr-315	39	22	carried	carry	VERB
ftr-315	39	23	interests	interest	NOUN
ftr-315	39	24	could	could	AUX
ftr-315	39	25	reduce	reduce	VERB
ftr-315	39	26	returns	return	NOUN
ftr-315	39	27	to	to	PART
ftr-315	39	28	fund	fund	VERB
ftr-315	39	29	investors	investor	NOUN
ftr-315	39	30	,	,	PUNCT
ftr-315	39	31	there	there	PRON
ftr-315	39	32	is	be	VERB
ftr-315	39	33	a	a	DET
ftr-315	39	34	much	much	ADV
ftr-315	39	35	subtler	subtle	ADJ
ftr-315	39	36	and	and	CCONJ
ftr-315	39	37	more	more	ADV
ftr-315	39	38	troubling	troubling	ADJ
ftr-315	39	39	reason	reason	NOUN
ftr-315	39	40	for	for	ADP
ftr-315	39	41	these	these	DET
ftr-315	39	42	reduced	reduce	VERB
ftr-315	39	43	returns	return	NOUN
ftr-315	39	44	.	.	PUNCT
ftr-315	40	1	the	the	DET
ftr-315	40	2	reason	reason	NOUN
ftr-315	40	3	is	be	AUX
ftr-315	40	4	that	that	SCONJ
ftr-315	40	5	a	a	DET
ftr-315	40	6	change	change	NOUN
ftr-315	40	7	to	to	ADP
ftr-315	40	8	the	the	DET
ftr-315	40	9	tax	tax	NOUN
ftr-315	40	10	treatment	treatment	NOUN
ftr-315	40	11	of	of	ADP
ftr-315	40	12	carried	carry	VERB
ftr-315	40	13	interests	interest	NOUN
ftr-315	40	14	changes	change	VERB
ftr-315	40	15	the	the	DET
ftr-315	40	16	economic	economic	ADJ
ftr-315	40	17	relationship	relationship	NOUN
ftr-315	40	18	that	that	PRON
ftr-315	40	19	investors	investor	NOUN
ftr-315	40	20	and	and	CCONJ
ftr-315	40	21	managers	manager	NOUN
ftr-315	40	22	created	create	VERB
ftr-315	40	23	and	and	CCONJ
ftr-315	40	24	to	to	PART
ftr-315	40	25	which	which	PRON
ftr-315	40	26	they	they	PRON
ftr-315	40	27	consented	consent	VERB
ftr-315	40	28	in	in	ADP
ftr-315	40	29	their	their	PRON
ftr-315	40	30	n.y	n.y	PROPN
ftr-315	40	31	.	.	PROPN
ftr-315	40	32	times	times	PROPN
ftr-315	40	33	,	,	PUNCT
ftr-315	40	34	sept	sept	PROPN
ftr-315	40	35	.	.	PROPN
ftr-315	40	36	7	7	NUM
ftr-315	40	37	,	,	PUNCT
ftr-315	40	38	2007	2007	NUM
ftr-315	40	39	,	,	PUNCT
ftr-315	40	40	at	at	ADP
ftr-315	40	41	c1	c1	PROPN
ftr-315	40	42	(	(	PUNCT
ftr-315	40	43	noting	note	VERB
ftr-315	40	44	that	that	SCONJ
ftr-315	40	45	“	"	PUNCT
ftr-315	40	46	critics	critic	NOUN
ftr-315	40	47	of	of	ADP
ftr-315	40	48	the	the	DET
ftr-315	40	49	tax	tax	NOUN
ftr-315	40	50	proposals	proposal	NOUN
ftr-315	40	51	have	have	AUX
ftr-315	40	52	maintained	maintain	VERB
ftr-315	40	53	that	that	PRON
ftr-315	40	54	fund	fund	NOUN
ftr-315	40	55	managers	manager	NOUN
ftr-315	40	56	would	would	AUX
ftr-315	40	57	pass	pass	VERB
ftr-315	40	58	on	on	ADP
ftr-315	40	59	any	any	DET
ftr-315	40	60	increase	increase	NOUN
ftr-315	40	61	to	to	ADP
ftr-315	40	62	investors	investor	NOUN
ftr-315	40	63	,	,	PUNCT
ftr-315	40	64	thus	thus	ADV
ftr-315	40	65	lowering	lower	VERB
ftr-315	40	66	the	the	DET
ftr-315	40	67	returns	return	NOUN
ftr-315	40	68	of	of	ADP
ftr-315	40	69	pension	pension	NOUN
ftr-315	40	70	funds	fund	NOUN
ftr-315	40	71	that	that	SCONJ
ftr-315	40	72	millions	million	NOUN
ftr-315	40	73	of	of	ADP
ftr-315	40	74	americans	americans	PROPN
ftr-315	40	75	rely	rely	VERB
ftr-315	40	76	upon	upon	SCONJ
ftr-315	40	77	for	for	ADP
ftr-315	40	78	their	their	PRON
ftr-315	40	79	retirement	retirement	NOUN
ftr-315	40	80	.	.	PUNCT
ftr-315	40	81	”	"	PUNCT
ftr-315	40	82	)	)	PUNCT
ftr-315	40	83	.	.	PUNCT
ftr-315	41	1	5	5	X
ftr-315	41	2	.	.	X
ftr-315	41	3	see	see	VERB
ftr-315	41	4	,	,	PUNCT
ftr-315	41	5	e.g.	e.g.	ADV
ftr-315	41	6	,	,	PUNCT
ftr-315	41	7	leon	leon	PROPN
ftr-315	41	8	m.	m.	PROPN
ftr-315	41	9	metzger	metzger	PROPN
ftr-315	41	10	,	,	PUNCT
ftr-315	41	11	former	former	ADJ
ftr-315	41	12	hedge	hedge	NOUN
ftr-315	41	13	fund	fund	PROPN
ftr-315	41	14	vice	vice	NOUN
ftr-315	41	15	chair	chair	NOUN
ftr-315	41	16	testifies	testify	VERB
ftr-315	41	17	on	on	ADP
ftr-315	41	18	use	use	NOUN
ftr-315	41	19	of	of	ADP
ftr-315	41	20	offshore	offshore	ADJ
ftr-315	41	21	hedge	hedge	NOUN
ftr-315	41	22	funds	fund	NOUN
ftr-315	41	23	,	,	PUNCT
ftr-315	41	24	2007	2007	NUM
ftr-315	41	25	tax	tax	NOUN
ftr-315	41	26	notes	note	NOUN
ftr-315	41	27	today	today	NOUN
ftr-315	41	28	174–55	174–55	PROPN
ftr-315	41	29	(	(	PUNCT
ftr-315	41	30	sept	sept	PROPN
ftr-315	41	31	.	.	PROPN
ftr-315	41	32	6	6	NUM
ftr-315	41	33	,	,	PUNCT
ftr-315	41	34	2007	2007	NUM
ftr-315	41	35	)	)	PUNCT
ftr-315	41	36	(	(	PUNCT
ftr-315	41	37	responding	respond	VERB
ftr-315	41	38	to	to	ADP
ftr-315	41	39	arguments	argument	NOUN
ftr-315	41	40	“	"	PUNCT
ftr-315	41	41	that	that	SCONJ
ftr-315	41	42	if	if	SCONJ
ftr-315	41	43	all	all	PRON
ftr-315	41	44	carried	carry	VERB
ftr-315	41	45	interests	interest	NOUN
ftr-315	41	46	were	be	AUX
ftr-315	41	47	taxed	tax	VERB
ftr-315	41	48	at	at	ADP
ftr-315	41	49	ordinary	ordinary	ADJ
ftr-315	41	50	rates	rate	NOUN
ftr-315	41	51	,	,	PUNCT
ftr-315	41	52	it	it	PRON
ftr-315	41	53	might	might	AUX
ftr-315	41	54	lead	lead	VERB
ftr-315	41	55	to	to	ADP
ftr-315	41	56	fund	fund	NOUN
ftr-315	41	57	managers	manager	NOUN
ftr-315	41	58	’	'	PUNCT
ftr-315	41	59	increasing	increase	VERB
ftr-315	41	60	their	their	PRON
ftr-315	41	61	compensation	compensation	NOUN
ftr-315	41	62	beyond	beyond	ADP
ftr-315	41	63	the	the	DET
ftr-315	41	64	typical	typical	ADJ
ftr-315	41	65	‘	'	PUNCT
ftr-315	41	66	2	2	NUM
ftr-315	41	67	and	and	CCONJ
ftr-315	41	68	20	20	NUM
ftr-315	41	69	’	'	PUNCT
ftr-315	41	70	arrangement	arrangement	NOUN
ftr-315	41	71	,	,	PUNCT
ftr-315	41	72	which	which	PRON
ftr-315	41	73	would	would	AUX
ftr-315	41	74	reduce	reduce	VERB
ftr-315	41	75	the	the	DET
ftr-315	41	76	returns	return	NOUN
ftr-315	41	77	of	of	ADP
ftr-315	41	78	investors	investor	NOUN
ftr-315	41	79	like	like	ADP
ftr-315	41	80	pension	pension	NOUN
ftr-315	41	81	plans	plan	NOUN
ftr-315	41	82	and	and	CCONJ
ftr-315	41	83	endowments	endowment	NOUN
ftr-315	41	84	”	"	PUNCT
ftr-315	41	85	)	)	PUNCT
ftr-315	41	86	;	;	PUNCT
ftr-315	41	87	bruce	bruce	PROPN
ftr-315	41	88	rosenblum	rosenblum	PROPN
ftr-315	41	89	,	,	PUNCT
ftr-315	41	90	private	private	ADJ
ftr-315	41	91	equity	equity	NOUN
ftr-315	41	92	council	council	PROPN
ftr-315	41	93	chair	chair	NOUN
ftr-315	41	94	testifies	testify	VERB
ftr-315	41	95	on	on	ADP
ftr-315	41	96	carried	carry	VERB
ftr-315	41	97	interest	interest	NOUN
ftr-315	41	98	taxation	taxation	NOUN
ftr-315	41	99	,	,	PUNCT
ftr-315	41	100	2007	2007	NUM
ftr-315	41	101	tax	tax	NOUN
ftr-315	41	102	notes	note	NOUN
ftr-315	41	103	today	today	NOUN
ftr-315	41	104	174–49	174–49	NUM
ftr-315	41	105	(	(	PUNCT
ftr-315	41	106	sept	sept	PROPN
ftr-315	41	107	.	.	PROPN
ftr-315	41	108	6	6	NUM
ftr-315	41	109	,	,	PUNCT
ftr-315	41	110	2007	2007	NUM
ftr-315	41	111	)	)	PUNCT
ftr-315	41	112	(	(	PUNCT
ftr-315	41	113	“	"	PUNCT
ftr-315	41	114	pe	pe	X
ftr-315	41	115	sponsors	sponsor	NOUN
ftr-315	41	116	may	may	AUX
ftr-315	41	117	look	look	VERB
ftr-315	41	118	at	at	ADP
ftr-315	41	119	ways	way	NOUN
ftr-315	41	120	to	to	PART
ftr-315	41	121	offset	offset	VERB
ftr-315	41	122	the	the	DET
ftr-315	41	123	higher	high	ADJ
ftr-315	41	124	tax	tax	NOUN
ftr-315	41	125	burden	burden	NOUN
ftr-315	41	126	through	through	ADP
ftr-315	41	127	changes	change	NOUN
ftr-315	41	128	in	in	ADP
ftr-315	41	129	economic	economic	ADJ
ftr-315	41	130	terms	term	NOUN
ftr-315	41	131	that	that	PRON
ftr-315	41	132	will	will	AUX
ftr-315	41	133	adversely	adversely	ADV
ftr-315	41	134	impact	impact	VERB
ftr-315	41	135	their	their	PRON
ftr-315	41	136	lps	lp	NOUN
ftr-315	41	137	.	.	PUNCT
ftr-315	41	138	”	"	PUNCT
ftr-315	41	139	)	)	PUNCT
ftr-315	41	140	.	.	PUNCT
ftr-315	42	1	6	6	X
ftr-315	42	2	.	.	X
ftr-315	42	3	see	see	VERB
ftr-315	42	4	,	,	PUNCT
ftr-315	42	5	e.g.	e.g.	ADV
ftr-315	42	6	,	,	PUNCT
ftr-315	42	7	diana	diana	PROPN
ftr-315	42	8	furchtgott	furchtgott	PROPN
ftr-315	42	9	-	-	PUNCT
ftr-315	42	10	roth	roth	PROPN
ftr-315	42	11	,	,	PUNCT
ftr-315	42	12	skewing	skew	VERB
ftr-315	42	13	the	the	DET
ftr-315	42	14	playing	play	VERB
ftr-315	42	15	field	field	NOUN
ftr-315	42	16	for	for	ADP
ftr-315	42	17	investment	investment	NOUN
ftr-315	42	18	partnerships	partnership	NOUN
ftr-315	42	19	,	,	PUNCT
ftr-315	42	20	127	127	NUM
ftr-315	42	21	tax	tax	NOUN
ftr-315	42	22	notes	note	NOUN
ftr-315	42	23	1291	1291	NUM
ftr-315	42	24	(	(	PUNCT
ftr-315	42	25	june	june	PROPN
ftr-315	42	26	14	14	NUM
ftr-315	42	27	,	,	PUNCT
ftr-315	42	28	2010	2010	NUM
ftr-315	42	29	)	)	PUNCT
ftr-315	42	30	(	(	PUNCT
ftr-315	42	31	arguing	argue	VERB
ftr-315	42	32	that	that	SCONJ
ftr-315	42	33	increased	increase	VERB
ftr-315	42	34	taxes	taxis	NOUN
ftr-315	42	35	on	on	ADP
ftr-315	42	36	carried	carry	VERB
ftr-315	42	37	interests	interest	NOUN
ftr-315	42	38	may	may	AUX
ftr-315	42	39	lead	lead	VERB
ftr-315	42	40	to	to	ADP
ftr-315	42	41	less	less	ADV
ftr-315	42	42	efficient	efficient	ADJ
ftr-315	42	43	capital	capital	NOUN
ftr-315	42	44	markets	market	NOUN
ftr-315	42	45	,	,	PUNCT
ftr-315	42	46	resulting	result	VERB
ftr-315	42	47	in	in	ADP
ftr-315	42	48	harm	harm	NOUN
ftr-315	42	49	to	to	ADP
ftr-315	42	50	investors	investor	NOUN
ftr-315	42	51	)	)	PUNCT
ftr-315	42	52	;	;	PUNCT
ftr-315	42	53	jack	jack	PROPN
ftr-315	42	54	s.	s.	PROPN
ftr-315	42	55	levin	levin	PROPN
ftr-315	42	56	,	,	PUNCT
ftr-315	42	57	kirkland	kirkland	PROPN
ftr-315	42	58	&	&	CCONJ
ftr-315	42	59	ellis	ellis	PROPN
ftr-315	42	60	partner	partner	PROPN
ftr-315	42	61	argues	argue	VERB
ftr-315	42	62	against	against	ADP
ftr-315	42	63	taxation	taxation	NOUN
ftr-315	42	64	of	of	ADP
ftr-315	42	65	carried	carry	VERB
ftr-315	42	66	interests	interest	NOUN
ftr-315	42	67	as	as	ADP
ftr-315	42	68	ordinary	ordinary	ADJ
ftr-315	42	69	income	income	NOUN
ftr-315	42	70	,	,	PUNCT
ftr-315	42	71	2007	2007	NUM
ftr-315	42	72	tax	tax	NOUN
ftr-315	42	73	notes	note	NOUN
ftr-315	42	74	today	today	NOUN
ftr-315	42	75	174–47	174–47	NUM
ftr-315	42	76	(	(	PUNCT
ftr-315	42	77	sept	sept	PROPN
ftr-315	42	78	.	.	PROPN
ftr-315	42	79	6	6	NUM
ftr-315	42	80	,	,	PUNCT
ftr-315	42	81	2007	2007	NUM
ftr-315	42	82	)	)	PUNCT
ftr-315	42	83	(	(	PUNCT
ftr-315	42	84	arguing	argue	VERB
ftr-315	42	85	that	that	SCONJ
ftr-315	42	86	taxing	tax	VERB
ftr-315	42	87	carried	carried	ADJ
ftr-315	42	88	interest	interest	NOUN
ftr-315	42	89	as	as	SCONJ
ftr-315	42	90	ordinary	ordinary	ADJ
ftr-315	42	91	income	income	NOUN
ftr-315	42	92	poses	pose	VERB
ftr-315	42	93	a	a	DET
ftr-315	42	94	“	"	PUNCT
ftr-315	42	95	substantial	substantial	ADJ
ftr-315	42	96	risk	risk	NOUN
ftr-315	42	97	[	[	X
ftr-315	42	98	that	that	SCONJ
ftr-315	42	99	]	]	X
ftr-315	42	100	the	the	DET
ftr-315	42	101	flow	flow	NOUN
ftr-315	42	102	of	of	ADP
ftr-315	42	103	entrepreneurial	entrepreneurial	ADJ
ftr-315	42	104	investments	investment	NOUN
ftr-315	42	105	will	will	AUX
ftr-315	42	106	indeed	indeed	ADV
ftr-315	42	107	be	be	AUX
ftr-315	42	108	reduced	reduce	VERB
ftr-315	42	109	,	,	PUNCT
ftr-315	42	110	with	with	ADP
ftr-315	42	111	significant	significant	ADJ
ftr-315	42	112	harm	harm	NOUN
ftr-315	42	113	to	to	ADP
ftr-315	42	114	our	our	PRON
ftr-315	42	115	vibrant	vibrant	ADJ
ftr-315	42	116	economy	economy	NOUN
ftr-315	42	117	[	[	X
ftr-315	42	118	,	,	PUNCT
ftr-315	42	119	]	]	X
ftr-315	42	120	”	"	PUNCT
ftr-315	42	121	which	which	PRON
ftr-315	42	122	in	in	ADP
ftr-315	42	123	turn	turn	NOUN
ftr-315	42	124	could	could	AUX
ftr-315	42	125	harm	harm	VERB
ftr-315	42	126	pension	pension	NOUN
ftr-315	42	127	funds	fund	NOUN
ftr-315	42	128	and	and	CCONJ
ftr-315	42	129	university	university	NOUN
ftr-315	42	130	endowments	endowment	NOUN
ftr-315	42	131	that	that	PRON
ftr-315	42	132	invest	invest	VERB
ftr-315	42	133	in	in	ADP
ftr-315	42	134	the	the	DET
ftr-315	42	135	funds	fund	NOUN
ftr-315	42	136	,	,	PUNCT
ftr-315	42	137	thereby	thereby	ADV
ftr-315	42	138	harming	harm	VERB
ftr-315	42	139	american	american	ADJ
ftr-315	42	140	workers	worker	NOUN
ftr-315	42	141	and	and	CCONJ
ftr-315	42	142	students	student	NOUN
ftr-315	42	143	)	)	PUNCT
ftr-315	42	144	.	.	PUNCT
ftr-315	43	1	7	7	X
ftr-315	43	2	.	.	X
ftr-315	43	3	see	see	VERB
ftr-315	43	4	preqin	preqin	ADJ
ftr-315	43	5	special	special	ADJ
ftr-315	43	6	report	report	NOUN
ftr-315	43	7	,	,	PUNCT
ftr-315	43	8	institutional	institutional	ADJ
ftr-315	43	9	investor	investor	NOUN
ftr-315	43	10	outlook	outlook	NOUN
ftr-315	43	11	for	for	ADP
ftr-315	43	12	hedge	hedge	NOUN
ftr-315	43	13	funds	fund	NOUN
ftr-315	43	14	in	in	ADP
ftr-315	43	15	2012	2012	NUM
ftr-315	43	16	,	,	PUNCT
ftr-315	43	17	fig	fig	NOUN
ftr-315	43	18	.	.	PUNCT
ftr-315	43	19	8	8	NUM
ftr-315	44	1	(	(	PUNCT
ftr-315	44	2	nov	nov	PROPN
ftr-315	44	3	.	.	PROPN
ftr-315	44	4	2011	2011	NUM
ftr-315	44	5	)	)	PUNCT
ftr-315	45	1	http://www.preqin.com/docs/reports/	http://www.preqin.com/docs/reports/	PROPN
ftr-315	45	2	preqin_special_report_hedge_funds_2012.pdf	preqin_special_report_hedge_funds_2012.pdf	NOUN
ftr-315	45	3	(	(	PUNCT
ftr-315	45	4	showing	show	VERB
ftr-315	45	5	that	that	SCONJ
ftr-315	45	6	more	more	ADJ
ftr-315	45	7	than	than	ADP
ftr-315	45	8	50	50	NUM
ftr-315	45	9	percent	percent	NOUN
ftr-315	45	10	of	of	ADP
ftr-315	45	11	hedge	hedge	NOUN
ftr-315	45	12	fund	fund	NOUN
ftr-315	45	13	investors	investor	NOUN
ftr-315	45	14	are	be	AUX
ftr-315	45	15	foundations	foundation	NOUN
ftr-315	45	16	,	,	PUNCT
ftr-315	45	17	endowments	endowment	NOUN
ftr-315	45	18	,	,	PUNCT
ftr-315	45	19	or	or	CCONJ
ftr-315	45	20	pension	pension	NOUN
ftr-315	45	21	funds	fund	NOUN
ftr-315	45	22	)	)	PUNCT
ftr-315	45	23	;	;	PUNCT
ftr-315	45	24	j.	j.	PROPN
ftr-315	45	25	comm	comm	PROPN
ftr-315	45	26	.	.	PUNCT
ftr-315	46	1	tax’n	tax’n	NUM
ftr-315	46	2	,	,	PUNCT
ftr-315	46	3	present	present	ADJ
ftr-315	46	4	law	law	NOUN
ftr-315	46	5	and	and	CCONJ
ftr-315	46	6	analysis	analysis	NOUN
ftr-315	46	7	relating	relate	VERB
ftr-315	46	8	to	to	ADP
ftr-315	46	9	tax	tax	NOUN
ftr-315	46	10	treatment	treatment	NOUN
ftr-315	46	11	of	of	ADP
ftr-315	46	12	partnership	partnership	NOUN
ftr-315	46	13	carried	carry	VERB
ftr-315	46	14	interests	interest	NOUN
ftr-315	46	15	,	,	PUNCT
ftr-315	46	16	(	(	PUNCT
ftr-315	46	17	jcx-41	jcx-41	X
ftr-315	46	18	-	-	PUNCT
ftr-315	46	19	007	007	NUM
ftr-315	46	20	)	)	PUNCT
ftr-315	46	21	37	37	NUM
ftr-315	46	22	(	(	PUNCT
ftr-315	46	23	july	july	PROPN
ftr-315	46	24	10	10	NUM
ftr-315	46	25	,	,	PUNCT
ftr-315	46	26	2007	2007	NUM
ftr-315	46	27	)	)	PUNCT
ftr-315	46	28	(	(	PUNCT
ftr-315	46	29	same	same	ADJ
ftr-315	46	30	for	for	ADP
ftr-315	46	31	venture	venture	NOUN
ftr-315	46	32	capital	capital	NOUN
ftr-315	46	33	funds	fund	NOUN
ftr-315	46	34	)	)	PUNCT
ftr-315	46	35	.	.	PUNCT
ftr-315	47	1	2012	2012	NUM
ftr-315	47	2	]	]	PUNCT
ftr-315	47	3	“	"	PUNCT
ftr-315	47	4	carried	carry	VERB
ftr-315	47	5	interest	interest	NOUN
ftr-315	47	6	”	"	PUNCT
ftr-315	47	7	tax	tax	NOUN
ftr-315	47	8	proposals	proposal	NOUN
ftr-315	47	9	5	5	NUM
ftr-315	47	10	fund	fund	NOUN
ftr-315	47	11	agreement	agreement	NOUN
ftr-315	47	12	,	,	PUNCT
ftr-315	47	13	often	often	ADV
ftr-315	47	14	after	after	ADP
ftr-315	47	15	extensive	extensive	ADJ
ftr-315	47	16	negotiations.8	negotiations.8	PROPN
ftr-315	47	17	an	an	DET
ftr-315	47	18	increase	increase	NOUN
ftr-315	47	19	of	of	ADP
ftr-315	47	20	the	the	DET
ftr-315	47	21	tax	tax	NOUN
ftr-315	47	22	rate	rate	NOUN
ftr-315	47	23	applicable	applicable	ADJ
ftr-315	47	24	to	to	ADP
ftr-315	47	25	managers	manager	NOUN
ftr-315	47	26	’	'	PUNCT
ftr-315	47	27	carried	carry	VERB
ftr-315	47	28	interests	interest	NOUN
ftr-315	47	29	alters	alter	VERB
ftr-315	47	30	the	the	DET
ftr-315	47	31	way	way	NOUN
ftr-315	47	32	in	in	ADP
ftr-315	47	33	which	which	PRON
ftr-315	47	34	investors	investor	NOUN
ftr-315	47	35	are	be	AUX
ftr-315	47	36	impacted	impact	VERB
ftr-315	47	37	by	by	ADP
ftr-315	47	38	common	common	ADJ
ftr-315	47	39	fund	fund	NOUN
ftr-315	47	40	agreement	agreement	NOUN
ftr-315	47	41	provisions	provision	NOUN
ftr-315	47	42	,	,	PUNCT
ftr-315	47	43	namely	namely	ADV
ftr-315	47	44	“	"	PUNCT
ftr-315	47	45	clawback	clawback	NOUN
ftr-315	47	46	”	"	PUNCT
ftr-315	47	47	provisions9	provisions9	NOUN
ftr-315	47	48	and	and	CCONJ
ftr-315	47	49	“	"	PUNCT
ftr-315	47	50	tax	tax	NOUN
ftr-315	47	51	distribution	distribution	NOUN
ftr-315	47	52	”	"	PUNCT
ftr-315	47	53	provisions.10	provisions.10	NOUN
ftr-315	47	54	among	among	ADP
ftr-315	47	55	other	other	ADJ
ftr-315	47	56	consequences	consequence	NOUN
ftr-315	47	57	,	,	PUNCT
ftr-315	47	58	investors	investor	NOUN
ftr-315	47	59	face	face	VERB
ftr-315	47	60	the	the	DET
ftr-315	47	61	possibility	possibility	NOUN
ftr-315	47	62	that	that	SCONJ
ftr-315	47	63	the	the	DET
ftr-315	47	64	economic	economic	ADJ
ftr-315	47	65	burden	burden	NOUN
ftr-315	47	66	of	of	ADP
ftr-315	47	67	a	a	DET
ftr-315	47	68	larger	large	ADJ
ftr-315	47	69	amount	amount	NOUN
ftr-315	47	70	of	of	ADP
ftr-315	47	71	fund	fund	NOUN
ftr-315	47	72	losses	loss	NOUN
ftr-315	47	73	will	will	AUX
ftr-315	47	74	be	be	AUX
ftr-315	47	75	shifted	shift	VERB
ftr-315	47	76	from	from	ADP
ftr-315	47	77	the	the	DET
ftr-315	47	78	managers	manager	NOUN
ftr-315	47	79	to	to	ADP
ftr-315	47	80	the	the	DET
ftr-315	47	81	investors	investor	NOUN
ftr-315	47	82	without	without	ADP
ftr-315	47	83	compensation	compensation	NOUN
ftr-315	47	84	;	;	PUNCT
ftr-315	47	85	investors	investor	NOUN
ftr-315	47	86	suffer	suffer	VERB
ftr-315	47	87	an	an	DET
ftr-315	47	88	increased	increased	ADJ
ftr-315	47	89	likelihood	likelihood	NOUN
ftr-315	47	90	that	that	SCONJ
ftr-315	47	91	the	the	DET
ftr-315	47	92	managers	manager	NOUN
ftr-315	47	93	will	will	AUX
ftr-315	47	94	take	take	VERB
ftr-315	47	95	risks	risk	NOUN
ftr-315	47	96	that	that	PRON
ftr-315	47	97	exceed	exceed	VERB
ftr-315	47	98	the	the	DET
ftr-315	47	99	amount	amount	NOUN
ftr-315	47	100	of	of	ADP
ftr-315	47	101	risk	risk	NOUN
ftr-315	47	102	to	to	PART
ftr-315	47	103	which	which	PRON
ftr-315	47	104	the	the	DET
ftr-315	47	105	investors	investor	NOUN
ftr-315	47	106	intended	intend	VERB
ftr-315	47	107	to	to	PART
ftr-315	47	108	consent	consent	VERB
ftr-315	47	109	when	when	SCONJ
ftr-315	47	110	originally	originally	ADV
ftr-315	47	111	investing	invest	VERB
ftr-315	47	112	pursuant	pursuant	ADV
ftr-315	47	113	to	to	ADP
ftr-315	47	114	the	the	DET
ftr-315	47	115	fund	fund	NOUN
ftr-315	47	116	agreement	agreement	NOUN
ftr-315	47	117	;	;	PUNCT
ftr-315	47	118	investors	investor	NOUN
ftr-315	47	119	sustain	sustain	VERB
ftr-315	47	120	other	other	ADJ
ftr-315	47	121	erosions	erosion	NOUN
ftr-315	47	122	of	of	ADP
ftr-315	47	123	the	the	DET
ftr-315	47	124	alignment	alignment	NOUN
ftr-315	47	125	of	of	ADP
ftr-315	47	126	manager	manager	NOUN
ftr-315	47	127	/	/	SYM
ftr-315	47	128	investor	investor	NOUN
ftr-315	47	129	economic	economic	ADJ
ftr-315	47	130	incentives	incentive	NOUN
ftr-315	47	131	with	with	ADP
ftr-315	47	132	respect	respect	NOUN
ftr-315	47	133	to	to	ADP
ftr-315	47	134	the	the	DET
ftr-315	47	135	management	management	NOUN
ftr-315	47	136	of	of	ADP
ftr-315	47	137	fund	fund	NOUN
ftr-315	47	138	assets	asset	NOUN
ftr-315	47	139	;	;	PUNCT
ftr-315	47	140	and	and	CCONJ
ftr-315	47	141	investors	investor	NOUN
ftr-315	47	142	incur	incur	VERB
ftr-315	47	143	greater	great	ADJ
ftr-315	47	144	time	time	NOUN
ftr-315	47	145	-	-	PUNCT
ftr-315	47	146	value	value	NOUN
ftr-315	47	147	-	-	PUNCT
ftr-315	47	148	of	of	ADP
ftr-315	47	149	-	-	PUNCT
ftr-315	47	150	money	money	NOUN
ftr-315	47	151	costs	cost	NOUN
ftr-315	47	152	arising	arise	VERB
ftr-315	47	153	because	because	SCONJ
ftr-315	47	154	the	the	DET
ftr-315	47	155	fund	fund	NOUN
ftr-315	47	156	may	may	AUX
ftr-315	47	157	not	not	PART
ftr-315	47	158	return	return	VERB
ftr-315	47	159	their	their	PRON
ftr-315	47	160	capital	capital	NOUN
ftr-315	47	161	contributions	contribution	NOUN
ftr-315	47	162	as	as	ADV
ftr-315	47	163	quickly	quickly	ADV
ftr-315	47	164	as	as	SCONJ
ftr-315	47	165	expected	expect	VERB
ftr-315	47	166	.	.	PUNCT
ftr-315	48	1	fundamentally	fundamentally	ADV
ftr-315	48	2	,	,	PUNCT
ftr-315	48	3	an	an	DET
ftr-315	48	4	increase	increase	NOUN
ftr-315	48	5	in	in	ADP
ftr-315	48	6	the	the	DET
ftr-315	48	7	tax	tax	NOUN
ftr-315	48	8	rate	rate	NOUN
ftr-315	48	9	applicable	applicable	ADJ
ftr-315	48	10	to	to	PART
ftr-315	48	11	carried	carry	VERB
ftr-315	48	12	interests	interest	NOUN
ftr-315	48	13	,	,	PUNCT
ftr-315	48	14	when	when	SCONJ
ftr-315	48	15	coupled	couple	VERB
ftr-315	48	16	with	with	ADP
ftr-315	48	17	clawback	clawback	NOUN
ftr-315	48	18	provisions	provision	NOUN
ftr-315	48	19	and	and	CCONJ
ftr-315	48	20	tax	tax	NOUN
ftr-315	48	21	distribution	distribution	NOUN
ftr-315	48	22	provisions	provision	NOUN
ftr-315	48	23	in	in	ADP
ftr-315	48	24	fund	fund	NOUN
ftr-315	48	25	agreements	agreement	NOUN
ftr-315	48	26	,	,	PUNCT
ftr-315	48	27	can	can	AUX
ftr-315	48	28	result	result	VERB
ftr-315	48	29	in	in	ADP
ftr-315	48	30	these	these	DET
ftr-315	48	31	economic	economic	ADJ
ftr-315	48	32	distortions	distortion	NOUN
ftr-315	48	33	because	because	SCONJ
ftr-315	48	34	managers	manager	NOUN
ftr-315	48	35	must	must	AUX
ftr-315	48	36	pay	pay	VERB
ftr-315	48	37	tax	tax	NOUN
ftr-315	48	38	on	on	ADP
ftr-315	48	39	the	the	DET
ftr-315	48	40	allocations	allocation	NOUN
ftr-315	48	41	of	of	ADP
ftr-315	48	42	the	the	DET
ftr-315	48	43	carry	carry	NOUN
ftr-315	48	44	throughout	throughout	ADP
ftr-315	48	45	the	the	DET
ftr-315	48	46	life	life	NOUN
ftr-315	48	47	of	of	ADP
ftr-315	48	48	the	the	DET
ftr-315	48	49	fund	fund	NOUN
ftr-315	48	50	and	and	CCONJ
ftr-315	48	51	because	because	SCONJ
ftr-315	48	52	those	those	DET
ftr-315	48	53	interim	interim	ADJ
ftr-315	48	54	carry	carry	NOUN
ftr-315	48	55	allocations	allocation	NOUN
ftr-315	48	56	may	may	AUX
ftr-315	48	57	not	not	PART
ftr-315	48	58	accurately	accurately	ADV
ftr-315	48	59	reflect	reflect	VERB
ftr-315	48	60	a	a	DET
ftr-315	48	61	manager	manager	NOUN
ftr-315	48	62	’s	’s	PART
ftr-315	48	63	ultimate	ultimate	ADJ
ftr-315	48	64	entitlement	entitlement	NOUN
ftr-315	48	65	(	(	PUNCT
ftr-315	48	66	based	base	VERB
ftr-315	48	67	on	on	ADP
ftr-315	48	68	the	the	DET
ftr-315	48	69	aggregate	aggregate	ADJ
ftr-315	48	70	fund	fund	NOUN
ftr-315	48	71	earnings	earning	NOUN
ftr-315	48	72	over	over	ADP
ftr-315	48	73	the	the	DET
ftr-315	48	74	entire	entire	ADJ
ftr-315	48	75	life	life	NOUN
ftr-315	48	76	of	of	ADP
ftr-315	48	77	the	the	DET
ftr-315	48	78	fund	fund	NOUN
ftr-315	48	79	)	)	PUNCT
ftr-315	48	80	.	.	PUNCT
ftr-315	49	1	fund	fund	NOUN
ftr-315	49	2	investors	investor	NOUN
ftr-315	49	3	may	may	AUX
ftr-315	49	4	be	be	AUX
ftr-315	49	5	able	able	ADJ
ftr-315	49	6	to	to	PART
ftr-315	49	7	protect	protect	VERB
ftr-315	49	8	themselves	themselves	PRON
ftr-315	49	9	from	from	ADP
ftr-315	49	10	these	these	DET
ftr-315	49	11	adverse	adverse	ADJ
ftr-315	49	12	consequences	consequence	NOUN
ftr-315	49	13	by	by	ADP
ftr-315	49	14	negotiating	negotiate	VERB
ftr-315	49	15	with	with	ADP
ftr-315	49	16	managers	manager	NOUN
ftr-315	49	17	about	about	ADP
ftr-315	49	18	the	the	DET
ftr-315	49	19	fund	fund	NOUN
ftr-315	49	20	agreement	agreement	NOUN
ftr-315	49	21	that	that	PRON
ftr-315	49	22	creates	create	VERB
ftr-315	49	23	their	their	PRON
ftr-315	49	24	economic	economic	ADJ
ftr-315	49	25	relationship	relationship	NOUN
ftr-315	49	26	.	.	PUNCT
ftr-315	50	1	but	but	CCONJ
ftr-315	50	2	the	the	DET
ftr-315	50	3	investors	investor	NOUN
ftr-315	50	4	must	must	AUX
ftr-315	50	5	first	first	ADV
ftr-315	50	6	understand	understand	VERB
ftr-315	50	7	the	the	DET
ftr-315	50	8	indirect	indirect	ADJ
ftr-315	50	9	route	route	NOUN
ftr-315	50	10	through	through	ADP
ftr-315	50	11	which	which	PRON
ftr-315	50	12	they	they	PRON
ftr-315	50	13	could	could	AUX
ftr-315	50	14	be	be	AUX
ftr-315	50	15	adversely	adversely	ADV
ftr-315	50	16	affected	affect	VERB
ftr-315	50	17	by	by	ADP
ftr-315	50	18	the	the	DET
ftr-315	50	19	carried	carry	VERB
ftr-315	50	20	interest	interest	NOUN
ftr-315	50	21	proposals	proposal	NOUN
ftr-315	50	22	.	.	PUNCT
ftr-315	51	1	thus	thus	ADV
ftr-315	51	2	,	,	PUNCT
ftr-315	51	3	the	the	DET
ftr-315	51	4	goals	goal	NOUN
ftr-315	51	5	of	of	ADP
ftr-315	51	6	this	this	DET
ftr-315	51	7	article	article	NOUN
ftr-315	51	8	are	be	AUX
ftr-315	51	9	to	to	PART
ftr-315	51	10	explain	explain	VERB
ftr-315	51	11	how	how	SCONJ
ftr-315	51	12	,	,	PUNCT
ftr-315	51	13	and	and	CCONJ
ftr-315	51	14	in	in	ADP
ftr-315	51	15	what	what	DET
ftr-315	51	16	circumstances	circumstance	NOUN
ftr-315	51	17	,	,	PUNCT
ftr-315	51	18	the	the	DET
ftr-315	51	19	carried	carry	VERB
ftr-315	51	20	interest	interest	NOUN
ftr-315	51	21	tax	tax	NOUN
ftr-315	51	22	proposals	proposal	NOUN
ftr-315	51	23	are	be	AUX
ftr-315	51	24	likely	likely	ADJ
ftr-315	51	25	to	to	ADP
ftr-315	51	26	8	8	NUM
ftr-315	51	27	.	.	PUNCT
ftr-315	52	1	extensive	extensive	ADJ
ftr-315	52	2	negotiations	negotiation	NOUN
ftr-315	52	3	among	among	ADP
ftr-315	52	4	sophisticated	sophisticated	ADJ
ftr-315	52	5	parties	party	NOUN
ftr-315	52	6	generally	generally	ADV
ftr-315	52	7	reflect	reflect	VERB
ftr-315	52	8	a	a	DET
ftr-315	52	9	joint	joint	ADJ
ftr-315	52	10	-	-	PUNCT
ftr-315	52	11	tax	tax	NOUN
ftr-315	52	12	perspective	perspective	NOUN
ftr-315	52	13	;	;	PUNCT
ftr-315	52	14	that	that	PRON
ftr-315	52	15	is	is	ADV
ftr-315	52	16	,	,	PUNCT
ftr-315	52	17	the	the	DET
ftr-315	52	18	parties	party	NOUN
ftr-315	52	19	will	will	AUX
ftr-315	52	20	negotiate	negotiate	VERB
ftr-315	52	21	against	against	ADP
ftr-315	52	22	the	the	DET
ftr-315	52	23	backdrop	backdrop	NOUN
ftr-315	52	24	of	of	ADP
ftr-315	52	25	the	the	DET
ftr-315	52	26	existing	exist	VERB
ftr-315	52	27	tax	tax	NOUN
ftr-315	52	28	law	law	NOUN
ftr-315	52	29	in	in	ADP
ftr-315	52	30	order	order	NOUN
ftr-315	52	31	to	to	PART
ftr-315	52	32	maximize	maximize	VERB
ftr-315	52	33	their	their	PRON
ftr-315	52	34	aggregate	aggregate	ADJ
ftr-315	52	35	welfare	welfare	NOUN
ftr-315	52	36	(	(	PUNCT
ftr-315	52	37	minimize	minimize	VERB
ftr-315	52	38	their	their	PRON
ftr-315	52	39	aggregate	aggregate	ADJ
ftr-315	52	40	tax	tax	NOUN
ftr-315	52	41	)	)	PUNCT
ftr-315	52	42	and	and	CCONJ
ftr-315	52	43	share	share	VERB
ftr-315	52	44	the	the	DET
ftr-315	52	45	tax	tax	NOUN
ftr-315	52	46	savings	saving	NOUN
ftr-315	52	47	among	among	ADP
ftr-315	52	48	them	they	PRON
ftr-315	52	49	.	.	PUNCT
ftr-315	53	1	see	see	VERB
ftr-315	53	2	generally	generally	ADV
ftr-315	53	3	chris	chris	PROPN
ftr-315	53	4	william	william	PROPN
ftr-315	53	5	sanchirico	sanchirico	PROPN
ftr-315	53	6	,	,	PUNCT
ftr-315	53	7	the	the	DET
ftr-315	53	8	tax	tax	NOUN
ftr-315	53	9	advantage	advantage	NOUN
ftr-315	53	10	to	to	ADP
ftr-315	53	11	paying	pay	VERB
ftr-315	53	12	private	private	ADJ
ftr-315	53	13	equity	equity	NOUN
ftr-315	53	14	fund	fund	NOUN
ftr-315	53	15	managers	manager	NOUN
ftr-315	53	16	with	with	ADP
ftr-315	53	17	profit	profit	NOUN
ftr-315	53	18	shares	share	NOUN
ftr-315	53	19	:	:	PUNCT
ftr-315	53	20	what	what	PRON
ftr-315	53	21	is	be	AUX
ftr-315	53	22	it	it	PRON
ftr-315	53	23	?	?	PUNCT
ftr-315	54	1	why	why	SCONJ
ftr-315	54	2	is	be	AUX
ftr-315	54	3	it	it	PRON
ftr-315	54	4	bad	bad	ADJ
ftr-315	54	5	?	?	PUNCT
ftr-315	54	6	,	,	PUNCT
ftr-315	54	7	75	75	NUM
ftr-315	54	8	u.	u.	NOUN
ftr-315	54	9	chi	chi	PROPN
ftr-315	54	10	.	.	PUNCT
ftr-315	55	1	l.	l.	PROPN
ftr-315	55	2	rev	rev	PROPN
ftr-315	55	3	.	.	PROPN
ftr-315	55	4	1071	1071	NUM
ftr-315	55	5	,	,	PUNCT
ftr-315	55	6	1077–79	1077–79	ADV
ftr-315	55	7	(	(	PUNCT
ftr-315	55	8	2008	2008	NUM
ftr-315	55	9	)	)	PUNCT
ftr-315	55	10	;	;	PUNCT
ftr-315	56	1	burke	burke	NOUN
ftr-315	56	2	,	,	PUNCT
ftr-315	56	3	sounds	sound	VERB
ftr-315	56	4	and	and	CCONJ
ftr-315	56	5	fury	fury	NOUN
ftr-315	56	6	,	,	PUNCT
ftr-315	56	7	supra	supra	ADJ
ftr-315	56	8	note	note	NOUN
ftr-315	56	9	1	1	NUM
ftr-315	56	10	,	,	PUNCT
ftr-315	56	11	at	at	ADP
ftr-315	56	12	2–5	2–5	PROPN
ftr-315	56	13	,	,	PUNCT
ftr-315	56	14	23–24	23–24	NUM
ftr-315	56	15	;	;	PUNCT
ftr-315	56	16	ethan	ethan	PROPN
ftr-315	56	17	yale	yale	PROPN
ftr-315	56	18	&	&	CCONJ
ftr-315	56	19	gregg	gregg	PROPN
ftr-315	56	20	d.	d.	PROPN
ftr-315	56	21	polsky	polsky	PROPN
ftr-315	56	22	,	,	PUNCT
ftr-315	56	23	reforming	reform	VERB
ftr-315	56	24	the	the	DET
ftr-315	56	25	taxation	taxation	NOUN
ftr-315	56	26	of	of	ADP
ftr-315	56	27	deferred	defer	VERB
ftr-315	56	28	compensation	compensation	NOUN
ftr-315	56	29	,	,	PUNCT
ftr-315	56	30	85	85	NUM
ftr-315	56	31	n.c	n.c	PROPN
ftr-315	56	32	.	.	PROPN
ftr-315	56	33	l.	l.	PROPN
ftr-315	56	34	rev	rev	PROPN
ftr-315	56	35	.	.	PROPN
ftr-315	56	36	571	571	NUM
ftr-315	56	37	,	,	PUNCT
ftr-315	56	38	579–80	579–80	PROPN
ftr-315	56	39	(	(	PUNCT
ftr-315	56	40	2007	2007	NUM
ftr-315	56	41	)	)	PUNCT
ftr-315	56	42	.	.	PUNCT
ftr-315	57	1	9	9	X
ftr-315	57	2	.	.	X
ftr-315	57	3	as	as	SCONJ
ftr-315	57	4	will	will	AUX
ftr-315	57	5	be	be	AUX
ftr-315	57	6	explained	explain	VERB
ftr-315	57	7	in	in	ADP
ftr-315	57	8	more	more	ADJ
ftr-315	57	9	detail	detail	NOUN
ftr-315	57	10	in	in	ADP
ftr-315	57	11	part	part	NOUN
ftr-315	57	12	iii.a.1	iii.a.1	NOUN
ftr-315	57	13	.	.	PUNCT
ftr-315	57	14	,	,	PUNCT
ftr-315	57	15	under	under	ADP
ftr-315	57	16	a	a	DET
ftr-315	57	17	“	"	PUNCT
ftr-315	57	18	clawback	clawback	NOUN
ftr-315	57	19	”	"	PUNCT
ftr-315	57	20	provision	provision	NOUN
ftr-315	57	21	,	,	PUNCT
ftr-315	57	22	a	a	DET
ftr-315	57	23	manager	manager	NOUN
ftr-315	57	24	can	can	AUX
ftr-315	57	25	be	be	AUX
ftr-315	57	26	obligated	obligate	VERB
ftr-315	57	27	to	to	PART
ftr-315	57	28	return	return	VERB
ftr-315	57	29	money	money	NOUN
ftr-315	57	30	to	to	ADP
ftr-315	57	31	the	the	DET
ftr-315	57	32	fund	fund	NOUN
ftr-315	57	33	if	if	SCONJ
ftr-315	57	34	it	it	PRON
ftr-315	57	35	turns	turn	VERB
ftr-315	57	36	out	out	ADP
ftr-315	57	37	that	that	SCONJ
ftr-315	57	38	early	early	ADJ
ftr-315	57	39	distributions	distribution	NOUN
ftr-315	57	40	to	to	ADP
ftr-315	57	41	the	the	DET
ftr-315	57	42	manager	manager	NOUN
ftr-315	57	43	from	from	ADP
ftr-315	57	44	the	the	DET
ftr-315	57	45	fund	fund	NOUN
ftr-315	57	46	exceeded	exceed	VERB
ftr-315	57	47	the	the	DET
ftr-315	57	48	amount	amount	NOUN
ftr-315	57	49	of	of	ADP
ftr-315	57	50	the	the	DET
ftr-315	57	51	profit	profit	NOUN
ftr-315	57	52	to	to	PART
ftr-315	57	53	which	which	PRON
ftr-315	57	54	the	the	DET
ftr-315	57	55	manager	manager	NOUN
ftr-315	57	56	is	be	AUX
ftr-315	57	57	ultimately	ultimately	ADV
ftr-315	57	58	entitled	entitle	VERB
ftr-315	57	59	.	.	PUNCT
ftr-315	58	1	10	10	NUM
ftr-315	58	2	.	.	PUNCT
ftr-315	59	1	as	as	SCONJ
ftr-315	59	2	will	will	AUX
ftr-315	59	3	be	be	AUX
ftr-315	59	4	explained	explain	VERB
ftr-315	59	5	in	in	ADP
ftr-315	59	6	more	more	ADJ
ftr-315	59	7	detail	detail	NOUN
ftr-315	59	8	in	in	ADP
ftr-315	59	9	part	part	NOUN
ftr-315	59	10	iii.b.1	iii.b.1	NOUN
ftr-315	59	11	.	.	PROPN
ftr-315	59	12	,	,	PUNCT
ftr-315	59	13	under	under	ADP
ftr-315	59	14	a	a	DET
ftr-315	59	15	“	"	PUNCT
ftr-315	59	16	tax	tax	NOUN
ftr-315	59	17	distribution	distribution	NOUN
ftr-315	59	18	”	"	PUNCT
ftr-315	59	19	provision	provision	NOUN
ftr-315	59	20	,	,	PUNCT
ftr-315	59	21	a	a	DET
ftr-315	59	22	fund	fund	NOUN
ftr-315	59	23	makes	make	VERB
ftr-315	59	24	distributions	distribution	NOUN
ftr-315	59	25	of	of	ADP
ftr-315	59	26	cash	cash	NOUN
ftr-315	59	27	to	to	ADP
ftr-315	59	28	partners	partner	NOUN
ftr-315	59	29	in	in	ADP
ftr-315	59	30	amounts	amount	NOUN
ftr-315	59	31	sufficient	sufficient	ADJ
ftr-315	59	32	to	to	PART
ftr-315	59	33	enable	enable	VERB
ftr-315	59	34	the	the	DET
ftr-315	59	35	partners	partner	NOUN
ftr-315	59	36	to	to	PART
ftr-315	59	37	pay	pay	VERB
ftr-315	59	38	the	the	DET
ftr-315	59	39	tax	tax	NOUN
ftr-315	59	40	due	due	ADJ
ftr-315	59	41	on	on	ADP
ftr-315	59	42	their	their	PRON
ftr-315	59	43	allocable	allocable	ADJ
ftr-315	59	44	share	share	NOUN
ftr-315	59	45	of	of	ADP
ftr-315	59	46	fund	fund	NOUN
ftr-315	59	47	profit	profit	NOUN
ftr-315	59	48	.	.	PUNCT
ftr-315	60	1	6	6	NUM
ftr-315	60	2	florida	florida	PROPN
ftr-315	60	3	tax	tax	NOUN
ftr-315	60	4	review	review	NOUN
ftr-315	61	1	[	[	X
ftr-315	61	2	vol.13:1	vol.13:1	NOUN
ftr-315	61	3	adversely	adversely	ADV
ftr-315	61	4	affect	affect	VERB
ftr-315	61	5	fund	fund	NOUN
ftr-315	61	6	investors	investor	NOUN
ftr-315	61	7	,	,	PUNCT
ftr-315	61	8	and	and	CCONJ
ftr-315	61	9	to	to	PART
ftr-315	61	10	provide	provide	VERB
ftr-315	61	11	some	some	DET
ftr-315	61	12	guidance	guidance	NOUN
ftr-315	61	13	to	to	ADP
ftr-315	61	14	investors	investor	NOUN
ftr-315	61	15	about	about	ADP
ftr-315	61	16	how	how	SCONJ
ftr-315	61	17	to	to	PART
ftr-315	61	18	respond	respond	VERB
ftr-315	61	19	to	to	ADP
ftr-315	61	20	these	these	DET
ftr-315	61	21	consequences	consequence	NOUN
ftr-315	61	22	.	.	PUNCT
ftr-315	62	1	more	more	ADV
ftr-315	62	2	broadly	broadly	ADV
ftr-315	62	3	,	,	PUNCT
ftr-315	62	4	this	this	DET
ftr-315	62	5	article	article	NOUN
ftr-315	62	6	illustrates	illustrate	VERB
ftr-315	62	7	how	how	SCONJ
ftr-315	62	8	changes	change	NOUN
ftr-315	62	9	in	in	ADP
ftr-315	62	10	the	the	DET
ftr-315	62	11	law	law	NOUN
ftr-315	62	12	can	can	AUX
ftr-315	62	13	alter	alter	VERB
ftr-315	62	14	the	the	DET
ftr-315	62	15	economic	economic	ADJ
ftr-315	62	16	relationships	relationship	NOUN
ftr-315	62	17	to	to	PART
ftr-315	62	18	which	which	PRON
ftr-315	62	19	private	private	ADJ
ftr-315	62	20	parties	party	NOUN
ftr-315	62	21	consented	consent	VERB
ftr-315	62	22	under	under	ADP
ftr-315	62	23	carefully	carefully	ADV
ftr-315	62	24	negotiated	negotiate	VERB
ftr-315	62	25	contracts	contract	NOUN
ftr-315	62	26	,	,	PUNCT
ftr-315	62	27	thereby	thereby	ADV
ftr-315	62	28	creating	create	VERB
ftr-315	62	29	unintended	unintended	ADJ
ftr-315	62	30	(	(	PUNCT
ftr-315	62	31	and	and	CCONJ
ftr-315	62	32	potentially	potentially	ADV
ftr-315	62	33	adverse	adverse	ADJ
ftr-315	62	34	)	)	PUNCT
ftr-315	62	35	consequences	consequence	NOUN
ftr-315	62	36	to	to	ADP
ftr-315	62	37	parties	party	NOUN
ftr-315	62	38	who	who	PRON
ftr-315	62	39	are	be	AUX
ftr-315	62	40	not	not	PART
ftr-315	62	41	the	the	DET
ftr-315	62	42	desired	desire	VERB
ftr-315	62	43	targets	target	NOUN
ftr-315	62	44	of	of	ADP
ftr-315	62	45	the	the	DET
ftr-315	62	46	law	law	NOUN
ftr-315	62	47	change	change	NOUN
ftr-315	62	48	.	.	PUNCT
ftr-315	63	1	query	query	VERB
ftr-315	63	2	the	the	DET
ftr-315	63	3	extent	extent	NOUN
ftr-315	63	4	to	to	PART
ftr-315	63	5	which	which	PRON
ftr-315	63	6	legislators	legislator	NOUN
ftr-315	63	7	considering	consider	VERB
ftr-315	63	8	changes	change	NOUN
ftr-315	63	9	to	to	ADP
ftr-315	63	10	the	the	DET
ftr-315	63	11	law	law	NOUN
ftr-315	63	12	ought	ought	AUX
ftr-315	63	13	to	to	PART
ftr-315	63	14	take	take	VERB
ftr-315	63	15	into	into	ADP
ftr-315	63	16	account	account	NOUN
ftr-315	63	17	these	these	DET
ftr-315	63	18	types	type	NOUN
ftr-315	63	19	of	of	ADP
ftr-315	63	20	secondary	secondary	ADJ
ftr-315	63	21	effects	effect	NOUN
ftr-315	63	22	that	that	PRON
ftr-315	63	23	are	be	AUX
ftr-315	63	24	created	create	VERB
ftr-315	63	25	when	when	SCONJ
ftr-315	63	26	a	a	DET
ftr-315	63	27	change	change	NOUN
ftr-315	63	28	in	in	ADP
ftr-315	63	29	law	law	NOUN
ftr-315	63	30	ripples	ripple	NOUN
ftr-315	63	31	through	through	ADP
ftr-315	63	32	previously	previously	ADV
ftr-315	63	33	established	establish	VERB
ftr-315	63	34	economic	economic	ADJ
ftr-315	63	35	relationships	relationship	NOUN
ftr-315	63	36	.	.	PUNCT
ftr-315	64	1	several	several	ADJ
ftr-315	64	2	caveats	caveat	NOUN
ftr-315	64	3	are	be	AUX
ftr-315	64	4	warranted	warrant	VERB
ftr-315	64	5	before	before	ADP
ftr-315	64	6	moving	move	VERB
ftr-315	64	7	to	to	ADP
ftr-315	64	8	the	the	DET
ftr-315	64	9	rest	rest	NOUN
ftr-315	64	10	of	of	ADP
ftr-315	64	11	the	the	DET
ftr-315	64	12	article	article	NOUN
ftr-315	64	13	.	.	PUNCT
ftr-315	65	1	first	first	ADV
ftr-315	65	2	,	,	PUNCT
ftr-315	65	3	this	this	DET
ftr-315	65	4	article	article	NOUN
ftr-315	65	5	takes	take	VERB
ftr-315	65	6	no	no	DET
ftr-315	65	7	position	position	NOUN
ftr-315	65	8	on	on	ADP
ftr-315	65	9	whether	whether	SCONJ
ftr-315	65	10	congress	congress	PROPN
ftr-315	65	11	should	should	AUX
ftr-315	65	12	pass	pass	VERB
ftr-315	65	13	legislation	legislation	NOUN
ftr-315	65	14	to	to	PART
ftr-315	65	15	increase	increase	VERB
ftr-315	65	16	the	the	DET
ftr-315	65	17	tax	tax	NOUN
ftr-315	65	18	rate	rate	NOUN
ftr-315	65	19	applicable	applicable	ADJ
ftr-315	65	20	to	to	PART
ftr-315	65	21	carried	carry	VERB
ftr-315	65	22	interests	interest	NOUN
ftr-315	65	23	.	.	PUNCT
ftr-315	66	1	this	this	PRON
ftr-315	66	2	is	be	AUX
ftr-315	66	3	not	not	PART
ftr-315	66	4	because	because	SCONJ
ftr-315	66	5	i	i	PRON
ftr-315	66	6	am	be	AUX
ftr-315	66	7	indifferent	indifferent	ADJ
ftr-315	66	8	.	.	PUNCT
ftr-315	67	1	i	i	PRON
ftr-315	67	2	have	have	VERB
ftr-315	67	3	an	an	DET
ftr-315	67	4	opinion	opinion	NOUN
ftr-315	67	5	on	on	ADP
ftr-315	67	6	the	the	DET
ftr-315	67	7	issue	issue	NOUN
ftr-315	67	8	,	,	PUNCT
ftr-315	67	9	but	but	CCONJ
ftr-315	67	10	i	i	PRON
ftr-315	67	11	do	do	AUX
ftr-315	67	12	not	not	PART
ftr-315	67	13	think	think	VERB
ftr-315	67	14	that	that	SCONJ
ftr-315	67	15	the	the	DET
ftr-315	67	16	potential	potential	ADJ
ftr-315	67	17	indirect	indirect	ADJ
ftr-315	67	18	impact	impact	NOUN
ftr-315	67	19	of	of	ADP
ftr-315	67	20	the	the	DET
ftr-315	67	21	legislation	legislation	NOUN
ftr-315	67	22	on	on	ADP
ftr-315	67	23	fund	fund	NOUN
ftr-315	67	24	investors	investor	NOUN
ftr-315	67	25	adds	add	VERB
ftr-315	67	26	much	much	ADJ
ftr-315	67	27	,	,	PUNCT
ftr-315	67	28	if	if	SCONJ
ftr-315	67	29	anything	anything	PRON
ftr-315	67	30	,	,	PUNCT
ftr-315	67	31	to	to	ADP
ftr-315	67	32	that	that	DET
ftr-315	67	33	normative	normative	ADJ
ftr-315	67	34	debate	debate	NOUN
ftr-315	67	35	.	.	PUNCT
ftr-315	68	1	on	on	ADP
ftr-315	68	2	the	the	DET
ftr-315	68	3	other	other	ADJ
ftr-315	68	4	hand	hand	NOUN
ftr-315	68	5	,	,	PUNCT
ftr-315	68	6	the	the	DET
ftr-315	68	7	analysis	analysis	NOUN
ftr-315	68	8	of	of	ADP
ftr-315	68	9	the	the	DET
ftr-315	68	10	potential	potential	ADJ
ftr-315	68	11	impact	impact	NOUN
ftr-315	68	12	on	on	ADP
ftr-315	68	13	fund	fund	NOUN
ftr-315	68	14	investors	investor	NOUN
ftr-315	68	15	is	be	AUX
ftr-315	68	16	(	(	PUNCT
ftr-315	68	17	i	i	PRON
ftr-315	68	18	hope	hope	VERB
ftr-315	68	19	)	)	PUNCT
ftr-315	68	20	quite	quite	ADV
ftr-315	68	21	useful	useful	ADJ
ftr-315	68	22	(	(	PUNCT
ftr-315	68	23	1	1	NUM
ftr-315	68	24	)	)	PUNCT
ftr-315	68	25	as	as	SCONJ
ftr-315	68	26	fund	fund	NOUN
ftr-315	68	27	investors	investor	NOUN
ftr-315	68	28	contemplate	contemplate	VERB
ftr-315	68	29	how	how	SCONJ
ftr-315	68	30	,	,	PUNCT
ftr-315	68	31	if	if	SCONJ
ftr-315	68	32	at	at	ADV
ftr-315	68	33	all	all	ADV
ftr-315	68	34	,	,	PUNCT
ftr-315	68	35	they	they	PRON
ftr-315	68	36	should	should	AUX
ftr-315	68	37	change	change	VERB
ftr-315	68	38	their	their	PRON
ftr-315	68	39	behavior	behavior	NOUN
ftr-315	68	40	if	if	SCONJ
ftr-315	68	41	the	the	DET
ftr-315	68	42	legislation	legislation	NOUN
ftr-315	68	43	is	be	AUX
ftr-315	68	44	enacted	enact	VERB
ftr-315	68	45	,	,	PUNCT
ftr-315	68	46	(	(	PUNCT
ftr-315	68	47	2	2	X
ftr-315	68	48	)	)	PUNCT
ftr-315	68	49	as	as	SCONJ
ftr-315	68	50	scholars	scholar	NOUN
ftr-315	68	51	and	and	CCONJ
ftr-315	68	52	businesspeople	businesspeople	NOUN
ftr-315	68	53	continue	continue	VERB
ftr-315	68	54	to	to	PART
ftr-315	68	55	develop	develop	VERB
ftr-315	68	56	their	their	PRON
ftr-315	68	57	understanding	understanding	NOUN
ftr-315	68	58	of	of	ADP
ftr-315	68	59	the	the	DET
ftr-315	68	60	agency	agency	NOUN
ftr-315	68	61	relationship	relationship	NOUN
ftr-315	68	62	between	between	ADP
ftr-315	68	63	managers	manager	NOUN
ftr-315	68	64	and	and	CCONJ
ftr-315	68	65	investors	investor	NOUN
ftr-315	68	66	in	in	ADP
ftr-315	68	67	the	the	DET
ftr-315	68	68	private	private	ADJ
ftr-315	68	69	fund	fund	NOUN
ftr-315	68	70	context	context	NOUN
ftr-315	68	71	,	,	PUNCT
ftr-315	68	72	and	and	CCONJ
ftr-315	68	73	(	(	PUNCT
ftr-315	68	74	3	3	X
ftr-315	68	75	)	)	PUNCT
ftr-315	68	76	as	as	SCONJ
ftr-315	68	77	scholars	scholar	NOUN
ftr-315	68	78	and	and	CCONJ
ftr-315	68	79	legislators	legislator	NOUN
ftr-315	68	80	consider	consider	VERB
ftr-315	68	81	alternatives	alternative	NOUN
ftr-315	68	82	for	for	ADP
ftr-315	68	83	tax	tax	NOUN
ftr-315	68	84	reform	reform	NOUN
ftr-315	68	85	,	,	PUNCT
ftr-315	68	86	taking	take	VERB
ftr-315	68	87	into	into	ADP
ftr-315	68	88	account	account	NOUN
ftr-315	68	89	how	how	SCONJ
ftr-315	68	90	changes	change	NOUN
ftr-315	68	91	in	in	ADP
ftr-315	68	92	the	the	DET
ftr-315	68	93	law	law	NOUN
ftr-315	68	94	can	can	AUX
ftr-315	68	95	alter	alter	VERB
ftr-315	68	96	the	the	DET
ftr-315	68	97	economic	economic	ADJ
ftr-315	68	98	consequences	consequence	NOUN
ftr-315	68	99	of	of	ADP
ftr-315	68	100	pre	pre	ADJ
ftr-315	68	101	-	-	ADJ
ftr-315	68	102	existing	exist	VERB
ftr-315	68	103	contractuallycreated	contractuallycreate	VERB
ftr-315	68	104	relationships	relationship	NOUN
ftr-315	68	105	among	among	ADP
ftr-315	68	106	private	private	ADJ
ftr-315	68	107	parties	party	NOUN
ftr-315	68	108	.	.	PUNCT
ftr-315	69	1	second	second	ADJ
ftr-315	69	2	,	,	PUNCT
ftr-315	69	3	this	this	DET
ftr-315	69	4	article	article	NOUN
ftr-315	69	5	does	do	AUX
ftr-315	69	6	not	not	PART
ftr-315	69	7	,	,	PUNCT
ftr-315	69	8	on	on	ADP
ftr-315	69	9	its	its	PRON
ftr-315	69	10	face	face	NOUN
ftr-315	69	11	,	,	PUNCT
ftr-315	69	12	distinguish	distinguish	VERB
ftr-315	69	13	between	between	ADP
ftr-315	69	14	investors	investor	NOUN
ftr-315	69	15	in	in	ADP
ftr-315	69	16	private	private	ADJ
ftr-315	69	17	equity	equity	NOUN
ftr-315	69	18	funds	fund	NOUN
ftr-315	69	19	,	,	PUNCT
ftr-315	69	20	investors	investor	NOUN
ftr-315	69	21	in	in	ADP
ftr-315	69	22	venture	venture	NOUN
ftr-315	69	23	capital	capital	NOUN
ftr-315	69	24	funds	fund	NOUN
ftr-315	69	25	,	,	PUNCT
ftr-315	69	26	and	and	CCONJ
ftr-315	69	27	investors	investor	NOUN
ftr-315	69	28	in	in	ADP
ftr-315	69	29	hedge	hedge	NOUN
ftr-315	69	30	funds.11	funds.11	PROPN
ftr-315	69	31	clearly	clearly	ADV
ftr-315	69	32	,	,	PUNCT
ftr-315	69	33	the	the	DET
ftr-315	69	34	presence	presence	NOUN
ftr-315	69	35	and	and	CCONJ
ftr-315	69	36	magnitude	magnitude	NOUN
ftr-315	69	37	of	of	ADP
ftr-315	69	38	the	the	DET
ftr-315	69	39	issues	issue	NOUN
ftr-315	69	40	discussed	discuss	VERB
ftr-315	69	41	herein	herein	NOUN
ftr-315	69	42	will	will	AUX
ftr-315	69	43	vary	vary	VERB
ftr-315	69	44	depending	depend	VERB
ftr-315	69	45	on	on	ADP
ftr-315	69	46	factors	factor	NOUN
ftr-315	69	47	including	include	VERB
ftr-315	69	48	the	the	DET
ftr-315	69	49	type	type	NOUN
ftr-315	69	50	of	of	ADP
ftr-315	69	51	fund	fund	NOUN
ftr-315	69	52	,	,	PUNCT
ftr-315	69	53	the	the	DET
ftr-315	69	54	fund	fund	NOUN
ftr-315	69	55	’s	’s	PART
ftr-315	69	56	particular	particular	ADJ
ftr-315	69	57	investment	investment	NOUN
ftr-315	69	58	strategy	strategy	NOUN
ftr-315	69	59	,	,	PUNCT
ftr-315	69	60	the	the	DET
ftr-315	69	61	fund	fund	NOUN
ftr-315	69	62	’s	’s	PART
ftr-315	69	63	method	method	NOUN
ftr-315	69	64	for	for	ADP
ftr-315	69	65	calculating	calculate	VERB
ftr-315	69	66	the	the	DET
ftr-315	69	67	carry	carry	NOUN
ftr-315	69	68	,	,	PUNCT
ftr-315	69	69	and	and	CCONJ
ftr-315	69	70	the	the	DET
ftr-315	69	71	fund	fund	NOUN
ftr-315	69	72	’s	’s	PART
ftr-315	69	73	timeframe	timeframe	NOUN
ftr-315	69	74	for	for	ADP
ftr-315	69	75	distributing	distribute	VERB
ftr-315	69	76	the	the	DET
ftr-315	69	77	carry	carry	NOUN
ftr-315	69	78	to	to	ADP
ftr-315	69	79	the	the	DET
ftr-315	69	80	manager	manager	NOUN
ftr-315	69	81	.	.	PUNCT
ftr-315	70	1	thus	thus	ADV
ftr-315	70	2	,	,	PUNCT
ftr-315	70	3	rather	rather	ADV
ftr-315	70	4	than	than	ADP
ftr-315	70	5	focusing	focus	VERB
ftr-315	70	6	on	on	ADP
ftr-315	70	7	specific	specific	ADJ
ftr-315	70	8	categories	category	NOUN
ftr-315	70	9	of	of	ADP
ftr-315	70	10	funds	fund	NOUN
ftr-315	70	11	,	,	PUNCT
ftr-315	70	12	i	i	PRON
ftr-315	70	13	focus	focus	VERB
ftr-315	70	14	on	on	ADP
ftr-315	70	15	fund	fund	NOUN
ftr-315	70	16	agreement	agreement	NOUN
ftr-315	70	17	features	feature	NOUN
ftr-315	70	18	—	—	PUNCT
ftr-315	70	19	particularly	particularly	ADV
ftr-315	70	20	clawbacks	clawback	NOUN
ftr-315	70	21	and	and	CCONJ
ftr-315	70	22	tax	tax	NOUN
ftr-315	70	23	distributions	distribution	NOUN
ftr-315	70	24	—	—	PUNCT
ftr-315	70	25	that	that	PRON
ftr-315	70	26	are	be	AUX
ftr-315	70	27	likely	likely	ADJ
ftr-315	70	28	to	to	PART
ftr-315	70	29	increase	increase	VERB
ftr-315	70	30	economic	economic	ADJ
ftr-315	70	31	risks	risk	NOUN
ftr-315	70	32	to	to	PART
ftr-315	70	33	investors.12	investors.12	VERB
ftr-315	70	34	third	third	ADV
ftr-315	70	35	,	,	PUNCT
ftr-315	70	36	this	this	DET
ftr-315	70	37	article	article	NOUN
ftr-315	70	38	assumes	assume	VERB
ftr-315	70	39	that	that	SCONJ
ftr-315	70	40	the	the	DET
ftr-315	70	41	carried	carry	VERB
ftr-315	70	42	interest	interest	NOUN
ftr-315	70	43	tax	tax	NOUN
ftr-315	70	44	proposals	proposal	NOUN
ftr-315	70	45	,	,	PUNCT
ftr-315	70	46	if	if	SCONJ
ftr-315	70	47	enacted	enact	VERB
ftr-315	70	48	,	,	PUNCT
ftr-315	70	49	would	would	AUX
ftr-315	70	50	increase	increase	VERB
ftr-315	70	51	the	the	DET
ftr-315	70	52	tax	tax	NOUN
ftr-315	70	53	rate	rate	NOUN
ftr-315	70	54	applicable	applicable	ADJ
ftr-315	70	55	to	to	ADP
ftr-315	70	56	a	a	DET
ftr-315	70	57	substantial	substantial	ADJ
ftr-315	70	58	amount	amount	NOUN
ftr-315	70	59	of	of	ADP
ftr-315	70	60	the	the	DET
ftr-315	70	61	11	11	NUM
ftr-315	70	62	.	.	PUNCT
ftr-315	71	1	see	see	VERB
ftr-315	71	2	generally	generally	ADV
ftr-315	71	3	adam	adam	PROPN
ftr-315	71	4	h.	h.	PROPN
ftr-315	71	5	rosenzweig	rosenzweig	PROPN
ftr-315	71	6	,	,	PUNCT
ftr-315	71	7	not	not	PART
ftr-315	71	8	all	all	PRON
ftr-315	71	9	carried	carry	VERB
ftr-315	71	10	interests	interest	NOUN
ftr-315	71	11	are	be	AUX
ftr-315	71	12	created	create	VERB
ftr-315	72	1	equal	equal	ADJ
ftr-315	72	2	,	,	PUNCT
ftr-315	72	3	29	29	NUM
ftr-315	72	4	nw	nw	PROPN
ftr-315	72	5	.	.	PROPN
ftr-315	72	6	j.	j.	PROPN
ftr-315	72	7	int’l	int’l	PROPN
ftr-315	72	8	l.	l.	PROPN
ftr-315	72	9	&	&	CCONJ
ftr-315	72	10	bus	bus	PROPN
ftr-315	72	11	.	.	PUNCT
ftr-315	73	1	713	713	NUM
ftr-315	73	2	,	,	PUNCT
ftr-315	73	3	716–21	716–21	NUM
ftr-315	73	4	(	(	PUNCT
ftr-315	73	5	2009	2009	NUM
ftr-315	73	6	)	)	PUNCT
ftr-315	73	7	(	(	PUNCT
ftr-315	73	8	providing	provide	VERB
ftr-315	73	9	a	a	DET
ftr-315	73	10	nice	nice	ADJ
ftr-315	73	11	explanation	explanation	NOUN
ftr-315	73	12	of	of	ADP
ftr-315	73	13	major	major	ADJ
ftr-315	73	14	differences	difference	NOUN
ftr-315	73	15	between	between	ADP
ftr-315	73	16	private	private	ADJ
ftr-315	73	17	equity	equity	NOUN
ftr-315	73	18	funds	fund	NOUN
ftr-315	73	19	and	and	CCONJ
ftr-315	73	20	hedge	hedge	NOUN
ftr-315	73	21	funds	fund	NOUN
ftr-315	73	22	)	)	PUNCT
ftr-315	74	1	[	[	X
ftr-315	74	2	hereinafter	hereinafter	NOUN
ftr-315	74	3	rosenzweig	rosenzweig	NOUN
ftr-315	74	4	,	,	PUNCT
ftr-315	74	5	carried	carry	VERB
ftr-315	74	6	interest	interest	NOUN
ftr-315	74	7	]	]	PUNCT
ftr-315	74	8	;	;	PUNCT
ftr-315	74	9	see	see	VERB
ftr-315	74	10	also	also	ADV
ftr-315	74	11	andrew	andrew	PROPN
ftr-315	74	12	w.	w.	PROPN
ftr-315	74	13	needham	needham	PROPN
ftr-315	74	14	&	&	CCONJ
ftr-315	74	15	christian	christian	PROPN
ftr-315	74	16	brause	brause	PROPN
ftr-315	74	17	,	,	PUNCT
ftr-315	74	18	hedge	hedge	NOUN
ftr-315	74	19	funds	fund	NOUN
ftr-315	74	20	,	,	PUNCT
ftr-315	74	21	736	736	NUM
ftr-315	74	22	tax	tax	NOUN
ftr-315	74	23	mgmt	mgmt	NOUN
ftr-315	74	24	.	.	PUNCT
ftr-315	75	1	(	(	PUNCT
ftr-315	75	2	bna	bna	PROPN
ftr-315	75	3	)	)	PUNCT
ftr-315	75	4	iii.a	iii.a	PROPN
ftr-315	75	5	.	.	PUNCT
ftr-315	76	1	(	(	PUNCT
ftr-315	76	2	2011	2011	NUM
ftr-315	76	3	)	)	PUNCT
ftr-315	77	1	[	[	X
ftr-315	77	2	hereinafter	hereinafter	NOUN
ftr-315	77	3	needham	needham	PROPN
ftr-315	77	4	&	&	CCONJ
ftr-315	77	5	brause	brause	PROPN
ftr-315	77	6	,	,	PUNCT
ftr-315	77	7	hedge	hedge	NOUN
ftr-315	77	8	funds	fund	NOUN
ftr-315	77	9	]	]	PUNCT
ftr-315	77	10	.	.	PUNCT
ftr-315	78	1	12	12	NUM
ftr-315	78	2	.	.	PUNCT
ftr-315	79	1	note	note	VERB
ftr-315	79	2	that	that	SCONJ
ftr-315	79	3	these	these	DET
ftr-315	79	4	features	feature	NOUN
ftr-315	79	5	are	be	AUX
ftr-315	79	6	generally	generally	ADV
ftr-315	79	7	less	less	ADV
ftr-315	79	8	common	common	ADJ
ftr-315	79	9	in	in	ADP
ftr-315	79	10	hedge	hedge	NOUN
ftr-315	79	11	funds	fund	NOUN
ftr-315	79	12	than	than	ADP
ftr-315	79	13	in	in	ADP
ftr-315	79	14	private	private	ADJ
ftr-315	79	15	equity	equity	NOUN
ftr-315	79	16	funds	fund	NOUN
ftr-315	79	17	.	.	PUNCT
ftr-315	80	1	needham	needham	PROPN
ftr-315	80	2	&	&	CCONJ
ftr-315	80	3	brause	brause	PROPN
ftr-315	80	4	,	,	PUNCT
ftr-315	80	5	hedge	hedge	NOUN
ftr-315	80	6	funds	fund	NOUN
ftr-315	80	7	,	,	PUNCT
ftr-315	80	8	supra	supra	PROPN
ftr-315	80	9	note	note	PROPN
ftr-315	80	10	11	11	NUM
ftr-315	80	11	,	,	PUNCT
ftr-315	80	12	at	at	ADP
ftr-315	80	13	iii.c	iii.c	PROPN
ftr-315	80	14	.	.	PUNCT
ftr-315	80	15	2012	2012	NUM
ftr-315	80	16	]	]	PUNCT
ftr-315	80	17	“	"	PUNCT
ftr-315	80	18	carried	carry	VERB
ftr-315	80	19	interest	interest	NOUN
ftr-315	80	20	”	"	PUNCT
ftr-315	80	21	tax	tax	NOUN
ftr-315	80	22	proposals	proposal	NOUN
ftr-315	80	23	7	7	NUM
ftr-315	80	24	general	general	ADJ
ftr-315	80	25	partner	partner	NOUN
ftr-315	80	26	’s	’s	PART
ftr-315	80	27	(	(	PUNCT
ftr-315	80	28	gp	gp	NOUN
ftr-315	80	29	’s	’s	PART
ftr-315	80	30	)	)	PUNCT
ftr-315	80	31	carry	carry	VERB
ftr-315	80	32	.	.	PUNCT
ftr-315	81	1	that	that	PRON
ftr-315	81	2	is	is	ADV
ftr-315	81	3	,	,	PUNCT
ftr-315	81	4	this	this	DET
ftr-315	81	5	article	article	NOUN
ftr-315	81	6	assumes	assume	VERB
ftr-315	81	7	(	(	PUNCT
ftr-315	81	8	1	1	NUM
ftr-315	81	9	)	)	PUNCT
ftr-315	81	10	that	that	SCONJ
ftr-315	81	11	the	the	DET
ftr-315	81	12	manager	manager	NOUN
ftr-315	81	13	of	of	ADP
ftr-315	81	14	the	the	DET
ftr-315	81	15	fund	fund	NOUN
ftr-315	81	16	(	(	PUNCT
ftr-315	81	17	or	or	CCONJ
ftr-315	81	18	an	an	DET
ftr-315	81	19	affiliate	affiliate	NOUN
ftr-315	81	20	of	of	ADP
ftr-315	81	21	the	the	DET
ftr-315	81	22	manager	manager	NOUN
ftr-315	81	23	)	)	PUNCT
ftr-315	81	24	is	be	AUX
ftr-315	81	25	the	the	DET
ftr-315	81	26	fund	fund	NOUN
ftr-315	81	27	’s	’s	PART
ftr-315	81	28	gp13	gp13	PROPN
ftr-315	81	29	and	and	CCONJ
ftr-315	81	30	is	be	AUX
ftr-315	81	31	a	a	DET
ftr-315	81	32	taxable	taxable	ADJ
ftr-315	81	33	u.s	u.s	PROPN
ftr-315	81	34	.	.	PROPN
ftr-315	81	35	person(s	person(s	PROPN
ftr-315	81	36	)	)	PUNCT
ftr-315	81	37	or	or	CCONJ
ftr-315	81	38	is	be	AUX
ftr-315	81	39	a	a	DET
ftr-315	81	40	flow	flow	NOUN
ftr-315	81	41	-	-	PUNCT
ftr-315	81	42	through	through	ADP
ftr-315	81	43	vehicle	vehicle	NOUN
ftr-315	81	44	comprised	comprise	VERB
ftr-315	81	45	of	of	ADP
ftr-315	81	46	or	or	CCONJ
ftr-315	81	47	ultimately	ultimately	ADV
ftr-315	81	48	owned	own	VERB
ftr-315	81	49	by	by	ADP
ftr-315	81	50	a	a	DET
ftr-315	81	51	taxable	taxable	ADJ
ftr-315	81	52	u.s	u.s	PROPN
ftr-315	81	53	.	.	PROPN
ftr-315	81	54	person(s),14	person(s),14	PROPN
ftr-315	81	55	and	and	CCONJ
ftr-315	81	56	(	(	PUNCT
ftr-315	81	57	2	2	X
ftr-315	81	58	)	)	PUNCT
ftr-315	81	59	that	that	SCONJ
ftr-315	81	60	the	the	DET
ftr-315	81	61	relevant	relevant	ADJ
ftr-315	81	62	funds	fund	NOUN
ftr-315	81	63	earn	earn	VERB
ftr-315	81	64	a	a	DET
ftr-315	81	65	substantial	substantial	ADJ
ftr-315	81	66	amount	amount	NOUN
ftr-315	81	67	of	of	ADP
ftr-315	81	68	income	income	NOUN
ftr-315	81	69	that	that	PRON
ftr-315	81	70	is	be	AUX
ftr-315	81	71	characterized	characterize	VERB
ftr-315	81	72	as	as	ADP
ftr-315	81	73	long	long	ADJ
ftr-315	81	74	term	term	NOUN
ftr-315	81	75	capital	capital	NOUN
ftr-315	81	76	gain	gain	NOUN
ftr-315	81	77	(	(	PUNCT
ftr-315	81	78	ltcg	ltcg	NOUN
ftr-315	81	79	)	)	PUNCT
ftr-315	81	80	,	,	PUNCT
ftr-315	81	81	such	such	ADJ
ftr-315	81	82	that	that	SCONJ
ftr-315	81	83	a	a	DET
ftr-315	81	84	substantial	substantial	ADJ
ftr-315	81	85	amount	amount	NOUN
ftr-315	81	86	of	of	ADP
ftr-315	81	87	the	the	DET
ftr-315	81	88	carry	carry	NOUN
ftr-315	81	89	is	be	AUX
ftr-315	81	90	taxable	taxable	ADJ
ftr-315	81	91	to	to	ADP
ftr-315	81	92	the	the	DET
ftr-315	81	93	gp	gp	NOUN
ftr-315	81	94	at	at	ADP
ftr-315	81	95	a	a	DET
ftr-315	81	96	15	15	NUM
ftr-315	81	97	percent	percent	NOUN
ftr-315	81	98	federal	federal	ADJ
ftr-315	81	99	income	income	NOUN
ftr-315	81	100	tax	tax	NOUN
ftr-315	81	101	rate.15	rate.15	NOUN
ftr-315	81	102	finally	finally	ADV
ftr-315	81	103	,	,	PUNCT
ftr-315	81	104	in	in	ADP
ftr-315	81	105	order	order	NOUN
ftr-315	81	106	to	to	PART
ftr-315	81	107	focus	focus	VERB
ftr-315	81	108	on	on	ADP
ftr-315	81	109	the	the	DET
ftr-315	81	110	impact	impact	NOUN
ftr-315	81	111	of	of	ADP
ftr-315	81	112	the	the	DET
ftr-315	81	113	increase	increase	NOUN
ftr-315	81	114	in	in	ADP
ftr-315	81	115	federal	federal	ADJ
ftr-315	81	116	income	income	NOUN
ftr-315	81	117	taxes	taxis	NOUN
ftr-315	81	118	,	,	PUNCT
ftr-315	81	119	the	the	DET
ftr-315	81	120	examples	example	NOUN
ftr-315	81	121	in	in	ADP
ftr-315	81	122	this	this	DET
ftr-315	81	123	article	article	NOUN
ftr-315	81	124	use	use	VERB
ftr-315	81	125	only	only	ADV
ftr-315	81	126	federal	federal	ADJ
ftr-315	81	127	(	(	PUNCT
ftr-315	81	128	and	and	CCONJ
ftr-315	81	129	not	not	PART
ftr-315	81	130	state	state	NOUN
ftr-315	81	131	)	)	PUNCT
ftr-315	81	132	income	income	NOUN
ftr-315	81	133	tax	tax	NOUN
ftr-315	81	134	rates.16	rates.16	PROPN
ftr-315	81	135	thus	thus	ADV
ftr-315	81	136	,	,	PUNCT
ftr-315	81	137	this	this	DET
ftr-315	81	138	article	article	NOUN
ftr-315	81	139	assumes	assume	VERB
ftr-315	81	140	a	a	DET
ftr-315	81	141	15	15	NUM
ftr-315	81	142	percent	percent	NOUN
ftr-315	81	143	rate	rate	NOUN
ftr-315	81	144	for	for	ADP
ftr-315	81	145	ltcg	ltcg	NOUN
ftr-315	81	146	and	and	CCONJ
ftr-315	81	147	a	a	DET
ftr-315	81	148	40	40	NUM
ftr-315	81	149	percent	percent	NOUN
ftr-315	81	150	rate	rate	NOUN
ftr-315	81	151	for	for	ADP
ftr-315	81	152	ordinary	ordinary	ADJ
ftr-315	81	153	income	income	NOUN
ftr-315	81	154	(	(	PUNCT
ftr-315	81	155	because	because	SCONJ
ftr-315	81	156	40	40	NUM
ftr-315	81	157	percent	percent	NOUN
ftr-315	81	158	allows	allow	VERB
ftr-315	81	159	for	for	ADP
ftr-315	81	160	relatively	relatively	ADV
ftr-315	81	161	easy	easy	ADJ
ftr-315	81	162	calculations	calculation	NOUN
ftr-315	81	163	and	and	CCONJ
ftr-315	81	164	because	because	SCONJ
ftr-315	81	165	top	top	ADJ
ftr-315	81	166	marginal	marginal	ADJ
ftr-315	81	167	rates	rate	NOUN
ftr-315	81	168	may	may	AUX
ftr-315	81	169	go	go	VERB
ftr-315	81	170	back	back	ADV
ftr-315	81	171	up	up	ADV
ftr-315	81	172	to	to	PART
ftr-315	81	173	39.6	39.6	NUM
ftr-315	81	174	percent	percent	NOUN
ftr-315	81	175	)	)	PUNCT
ftr-315	81	176	.	.	PUNCT
ftr-315	82	1	with	with	ADP
ftr-315	82	2	those	those	DET
ftr-315	82	3	caveats	caveat	NOUN
ftr-315	82	4	out	out	ADP
ftr-315	82	5	of	of	ADP
ftr-315	82	6	the	the	DET
ftr-315	82	7	way	way	NOUN
ftr-315	82	8	,	,	PUNCT
ftr-315	82	9	the	the	DET
ftr-315	82	10	remainder	remainder	NOUN
ftr-315	82	11	of	of	ADP
ftr-315	82	12	the	the	DET
ftr-315	82	13	article	article	NOUN
ftr-315	82	14	will	will	AUX
ftr-315	82	15	proceed	proceed	VERB
ftr-315	82	16	as	as	SCONJ
ftr-315	82	17	follows	follow	VERB
ftr-315	82	18	.	.	PUNCT
ftr-315	83	1	part	part	NOUN
ftr-315	83	2	ii	ii	PROPN
ftr-315	83	3	will	will	AUX
ftr-315	83	4	provide	provide	VERB
ftr-315	83	5	background	background	NOUN
ftr-315	83	6	about	about	ADP
ftr-315	83	7	fund	fund	NOUN
ftr-315	83	8	manager	manager	NOUN
ftr-315	83	9	compensation	compensation	NOUN
ftr-315	83	10	and	and	CCONJ
ftr-315	83	11	the	the	DET
ftr-315	83	12	carried	carry	VERB
ftr-315	83	13	interest	interest	NOUN
ftr-315	83	14	tax	tax	NOUN
ftr-315	83	15	proposals	proposal	NOUN
ftr-315	83	16	.	.	PUNCT
ftr-315	84	1	part	part	NOUN
ftr-315	84	2	iii	iii	PRON
ftr-315	84	3	will	will	AUX
ftr-315	84	4	discuss	discuss	VERB
ftr-315	84	5	the	the	DET
ftr-315	84	6	potential	potential	ADJ
ftr-315	84	7	problems	problem	NOUN
ftr-315	84	8	posed	pose	VERB
ftr-315	84	9	for	for	ADP
ftr-315	84	10	fund	fund	NOUN
ftr-315	84	11	investors	investor	NOUN
ftr-315	84	12	by	by	ADP
ftr-315	84	13	an	an	DET
ftr-315	84	14	increase	increase	NOUN
ftr-315	84	15	in	in	ADP
ftr-315	84	16	the	the	DET
ftr-315	84	17	tax	tax	NOUN
ftr-315	84	18	rate	rate	NOUN
ftr-315	84	19	applicable	applicable	ADJ
ftr-315	84	20	to	to	PART
ftr-315	84	21	carried	carry	VERB
ftr-315	84	22	interests	interest	NOUN
ftr-315	84	23	,	,	PUNCT
ftr-315	84	24	and	and	CCONJ
ftr-315	84	25	will	will	AUX
ftr-315	84	26	focus	focus	VERB
ftr-315	84	27	on	on	ADP
ftr-315	84	28	two	two	NUM
ftr-315	84	29	particular	particular	ADJ
ftr-315	84	30	features	feature	NOUN
ftr-315	84	31	of	of	ADP
ftr-315	84	32	fund	fund	NOUN
ftr-315	84	33	agreements	agreement	NOUN
ftr-315	84	34	—	—	PUNCT
ftr-315	84	35	clawbacks	clawback	NOUN
ftr-315	84	36	(	(	PUNCT
ftr-315	84	37	covered	cover	VERB
ftr-315	84	38	in	in	ADP
ftr-315	84	39	part	part	NOUN
ftr-315	84	40	iii.a	iii.a	PROPN
ftr-315	84	41	.	.	PUNCT
ftr-315	84	42	)	)	PUNCT
ftr-315	85	1	and	and	CCONJ
ftr-315	85	2	tax	tax	NOUN
ftr-315	85	3	distributions	distribution	NOUN
ftr-315	85	4	(	(	PUNCT
ftr-315	85	5	covered	cover	VERB
ftr-315	85	6	in	in	ADP
ftr-315	85	7	part	part	NOUN
ftr-315	85	8	iii.b	iii.b	X
ftr-315	85	9	.	.	PUNCT
ftr-315	85	10	)	)	PUNCT
ftr-315	85	11	—	—	PUNCT
ftr-315	85	12	that	that	PRON
ftr-315	85	13	raise	raise	VERB
ftr-315	85	14	these	these	DET
ftr-315	85	15	issues	issue	NOUN
ftr-315	85	16	.	.	PUNCT
ftr-315	86	1	for	for	ADP
ftr-315	86	2	each	each	DET
ftr-315	86	3	feature	feature	NOUN
ftr-315	86	4	,	,	PUNCT
ftr-315	86	5	i	i	PRON
ftr-315	86	6	will	will	AUX
ftr-315	86	7	describe	describe	VERB
ftr-315	86	8	how	how	SCONJ
ftr-315	86	9	the	the	DET
ftr-315	86	10	fund	fund	NOUN
ftr-315	86	11	agreement	agreement	NOUN
ftr-315	86	12	provision	provision	NOUN
ftr-315	86	13	typically	typically	ADV
ftr-315	86	14	works	work	VERB
ftr-315	86	15	,	,	PUNCT
ftr-315	86	16	explain	explain	VERB
ftr-315	86	17	how	how	SCONJ
ftr-315	86	18	an	an	DET
ftr-315	86	19	increase	increase	NOUN
ftr-315	86	20	in	in	ADP
ftr-315	86	21	the	the	DET
ftr-315	86	22	tax	tax	NOUN
ftr-315	86	23	rate	rate	NOUN
ftr-315	86	24	applicable	applicable	ADJ
ftr-315	86	25	to	to	PART
ftr-315	86	26	carried	carry	VERB
ftr-315	86	27	interests	interest	NOUN
ftr-315	86	28	could	could	AUX
ftr-315	86	29	change	change	VERB
ftr-315	86	30	how	how	SCONJ
ftr-315	86	31	the	the	DET
ftr-315	86	32	provision	provision	NOUN
ftr-315	86	33	affects	affect	VERB
ftr-315	86	34	fund	fund	NOUN
ftr-315	86	35	investors	investor	NOUN
ftr-315	86	36	,	,	PUNCT
ftr-315	86	37	and	and	CCONJ
ftr-315	86	38	provide	provide	VERB
ftr-315	86	39	suggestions	suggestion	NOUN
ftr-315	86	40	for	for	SCONJ
ftr-315	86	41	fund	fund	NOUN
ftr-315	86	42	investors	investor	NOUN
ftr-315	86	43	to	to	PART
ftr-315	86	44	consider	consider	VERB
ftr-315	86	45	in	in	ADP
ftr-315	86	46	response	response	NOUN
ftr-315	86	47	.	.	PUNCT
ftr-315	87	1	part	part	NOUN
ftr-315	87	2	iv	iv	NUM
ftr-315	87	3	concludes	conclude	VERB
ftr-315	87	4	.	.	PUNCT
ftr-315	88	1	13	13	NUM
ftr-315	88	2	.	.	PUNCT
ftr-315	89	1	in	in	ADP
ftr-315	89	2	some	some	DET
ftr-315	89	3	funds	fund	NOUN
ftr-315	89	4	,	,	PUNCT
ftr-315	89	5	the	the	DET
ftr-315	89	6	manager	manager	NOUN
ftr-315	89	7	bifurcates	bifurcate	VERB
ftr-315	89	8	its	its	PRON
ftr-315	89	9	economic	economic	ADJ
ftr-315	89	10	interests	interest	NOUN
ftr-315	89	11	between	between	ADP
ftr-315	89	12	two	two	NUM
ftr-315	89	13	affiliated	affiliated	ADJ
ftr-315	89	14	entities	entity	NOUN
ftr-315	89	15	.	.	PUNCT
ftr-315	90	1	see	see	VERB
ftr-315	90	2	gregg	gregg	PROPN
ftr-315	90	3	d.	d.	PROPN
ftr-315	90	4	polsky	polsky	PROPN
ftr-315	90	5	,	,	PUNCT
ftr-315	90	6	private	private	ADJ
ftr-315	90	7	equity	equity	NOUN
ftr-315	90	8	management	management	NOUN
ftr-315	90	9	fee	fee	NOUN
ftr-315	90	10	conversions	conversion	NOUN
ftr-315	90	11	,	,	PUNCT
ftr-315	90	12	122	122	NUM
ftr-315	90	13	tax	tax	NOUN
ftr-315	90	14	notes	note	NOUN
ftr-315	90	15	743	743	NUM
ftr-315	90	16	,	,	PUNCT
ftr-315	90	17	745–49	745–49	NUM
ftr-315	90	18	(	(	PUNCT
ftr-315	90	19	feb	feb	X
ftr-315	90	20	.	.	PROPN
ftr-315	90	21	9	9	NUM
ftr-315	90	22	,	,	PUNCT
ftr-315	90	23	2009	2009	NUM
ftr-315	90	24	)	)	PUNCT
ftr-315	90	25	.	.	PUNCT
ftr-315	91	1	for	for	ADP
ftr-315	91	2	simplicity	simplicity	NOUN
ftr-315	91	3	,	,	PUNCT
ftr-315	91	4	the	the	DET
ftr-315	91	5	remainder	remainder	NOUN
ftr-315	91	6	of	of	ADP
ftr-315	91	7	this	this	DET
ftr-315	91	8	discussion	discussion	NOUN
ftr-315	91	9	sets	set	VERB
ftr-315	91	10	this	this	DET
ftr-315	91	11	distinction	distinction	NOUN
ftr-315	91	12	aside	aside	ADV
ftr-315	91	13	.	.	PUNCT
ftr-315	92	1	14	14	NUM
ftr-315	92	2	.	.	PUNCT
ftr-315	93	1	the	the	DET
ftr-315	93	2	gp	gp	NOUN
ftr-315	93	3	of	of	ADP
ftr-315	93	4	investment	investment	NOUN
ftr-315	93	5	funds	fund	NOUN
ftr-315	93	6	are	be	AUX
ftr-315	93	7	typically	typically	ADV
ftr-315	93	8	llcs	llcs	ADJ
ftr-315	93	9	or	or	CCONJ
ftr-315	93	10	lps	lps	PROPN
ftr-315	93	11	in	in	ADP
ftr-315	93	12	which	which	PRON
ftr-315	93	13	individuals	individual	NOUN
ftr-315	93	14	are	be	AUX
ftr-315	93	15	the	the	DET
ftr-315	93	16	interest	interest	NOUN
ftr-315	93	17	-	-	PUNCT
ftr-315	93	18	holders	holder	NOUN
ftr-315	93	19	.	.	PUNCT
ftr-315	94	1	see	see	VERB
ftr-315	94	2	jack	jack	PROPN
ftr-315	94	3	s.	s.	PROPN
ftr-315	94	4	levin	levin	PROPN
ftr-315	94	5	,	,	PUNCT
ftr-315	94	6	structuring	structure	VERB
ftr-315	94	7	venture	venture	NOUN
ftr-315	94	8	capital	capital	NOUN
ftr-315	94	9	,	,	PUNCT
ftr-315	94	10	private	private	ADJ
ftr-315	94	11	equity	equity	NOUN
ftr-315	94	12	,	,	PUNCT
ftr-315	94	13	and	and	CCONJ
ftr-315	94	14	entrepreneurial	entrepreneurial	ADJ
ftr-315	94	15	transactions	transaction	NOUN
ftr-315	94	16	¶	¶	NUM
ftr-315	94	17	1006.1	1006.1	NUM
ftr-315	94	18	(	(	PUNCT
ftr-315	94	19	2011	2011	NUM
ftr-315	94	20	)	)	PUNCT
ftr-315	95	1	[	[	X
ftr-315	95	2	hereinafter	hereinafter	NOUN
ftr-315	95	3	levin	levin	PROPN
ftr-315	95	4	,	,	PUNCT
ftr-315	95	5	venture	venture	NOUN
ftr-315	95	6	capital	capital	NOUN
ftr-315	95	7	]	]	X
ftr-315	95	8	;	;	PUNCT
ftr-315	95	9	needham	needham	PROPN
ftr-315	95	10	&	&	CCONJ
ftr-315	95	11	brause	brause	PROPN
ftr-315	95	12	,	,	PUNCT
ftr-315	95	13	hedge	hedge	NOUN
ftr-315	95	14	funds	fund	NOUN
ftr-315	95	15	,	,	PUNCT
ftr-315	95	16	supra	supra	PROPN
ftr-315	95	17	note	note	PROPN
ftr-315	95	18	11	11	NUM
ftr-315	95	19	,	,	PUNCT
ftr-315	95	20	at	at	ADP
ftr-315	95	21	vi.c	vi.c	NOUN
ftr-315	95	22	.	.	PUNCT
ftr-315	96	1	15	15	X
ftr-315	96	2	.	.	X
ftr-315	96	3	note	note	VERB
ftr-315	96	4	that	that	SCONJ
ftr-315	96	5	this	this	DET
ftr-315	96	6	assumption	assumption	NOUN
ftr-315	96	7	means	mean	VERB
ftr-315	96	8	that	that	SCONJ
ftr-315	96	9	this	this	DET
ftr-315	96	10	article	article	NOUN
ftr-315	96	11	’s	’s	PART
ftr-315	96	12	analysis	analysis	NOUN
ftr-315	96	13	is	be	AUX
ftr-315	96	14	likely	likely	ADV
ftr-315	96	15	less	less	ADV
ftr-315	96	16	applicable	applicable	ADJ
ftr-315	96	17	to	to	PART
ftr-315	96	18	hedge	hedge	VERB
ftr-315	96	19	funds	fund	NOUN
ftr-315	96	20	than	than	ADP
ftr-315	96	21	to	to	ADP
ftr-315	96	22	private	private	ADJ
ftr-315	96	23	equity	equity	NOUN
ftr-315	96	24	funds	fund	NOUN
ftr-315	96	25	because	because	SCONJ
ftr-315	96	26	the	the	DET
ftr-315	96	27	investment	investment	NOUN
ftr-315	96	28	strategies	strategy	NOUN
ftr-315	96	29	of	of	ADP
ftr-315	96	30	hedge	hedge	NOUN
ftr-315	96	31	funds	fund	NOUN
ftr-315	96	32	rarely	rarely	ADV
ftr-315	96	33	produce	produce	VERB
ftr-315	96	34	long	long	ADJ
ftr-315	96	35	term	term	NOUN
ftr-315	96	36	capital	capital	NOUN
ftr-315	96	37	gain	gain	NOUN
ftr-315	96	38	.	.	PUNCT
ftr-315	97	1	see	see	VERB
ftr-315	97	2	rosenzweig	rosenzweig	NOUN
ftr-315	97	3	,	,	PUNCT
ftr-315	97	4	carried	carry	VERB
ftr-315	97	5	interests	interest	NOUN
ftr-315	97	6	,	,	PUNCT
ftr-315	97	7	supra	supra	PROPN
ftr-315	97	8	note	note	PROPN
ftr-315	97	9	11	11	NUM
ftr-315	97	10	,	,	PUNCT
ftr-315	97	11	at	at	ADP
ftr-315	97	12	718	718	NUM
ftr-315	97	13	.	.	PUNCT
ftr-315	98	1	16	16	NUM
ftr-315	98	2	.	.	PUNCT
ftr-315	99	1	note	note	VERB
ftr-315	99	2	that	that	SCONJ
ftr-315	99	3	this	this	PRON
ftr-315	99	4	disregards	disregard	VERB
ftr-315	99	5	possible	possible	ADJ
ftr-315	99	6	employment	employment	NOUN
ftr-315	99	7	tax	tax	NOUN
ftr-315	99	8	consequences	consequence	NOUN
ftr-315	99	9	of	of	ADP
ftr-315	99	10	the	the	DET
ftr-315	99	11	carried	carry	VERB
ftr-315	99	12	interest	interest	NOUN
ftr-315	99	13	proposals	proposal	NOUN
ftr-315	99	14	.	.	PUNCT
ftr-315	100	1	currently	currently	ADV
ftr-315	100	2	,	,	PUNCT
ftr-315	100	3	a	a	DET
ftr-315	100	4	gp	gp	NOUN
ftr-315	100	5	’s	’s	PART
ftr-315	100	6	carried	carry	VERB
ftr-315	100	7	interest	interest	NOUN
ftr-315	100	8	is	be	AUX
ftr-315	100	9	generally	generally	ADV
ftr-315	100	10	not	not	PART
ftr-315	100	11	subject	subject	ADJ
ftr-315	100	12	to	to	ADP
ftr-315	100	13	employment	employment	NOUN
ftr-315	100	14	tax	tax	NOUN
ftr-315	100	15	,	,	PUNCT
ftr-315	100	16	but	but	CCONJ
ftr-315	100	17	proposals	proposal	NOUN
ftr-315	100	18	to	to	PART
ftr-315	100	19	change	change	VERB
ftr-315	100	20	the	the	DET
ftr-315	100	21	tax	tax	NOUN
ftr-315	100	22	treatment	treatment	NOUN
ftr-315	100	23	of	of	ADP
ftr-315	100	24	carried	carry	VERB
ftr-315	100	25	interest	interest	NOUN
ftr-315	100	26	contemplate	contemplate	VERB
ftr-315	100	27	the	the	DET
ftr-315	100	28	possibility	possibility	NOUN
ftr-315	100	29	of	of	ADP
ftr-315	100	30	subjecting	subject	VERB
ftr-315	100	31	the	the	DET
ftr-315	100	32	carry	carry	NOUN
ftr-315	100	33	to	to	ADP
ftr-315	100	34	employment	employment	NOUN
ftr-315	100	35	taxes	taxis	NOUN
ftr-315	100	36	.	.	PUNCT
ftr-315	101	1	if	if	SCONJ
ftr-315	101	2	this	this	DET
ftr-315	101	3	employment	employment	NOUN
ftr-315	101	4	tax	tax	NOUN
ftr-315	101	5	issue	issue	NOUN
ftr-315	101	6	is	be	AUX
ftr-315	101	7	taken	take	VERB
ftr-315	101	8	into	into	ADP
ftr-315	101	9	account	account	NOUN
ftr-315	101	10	,	,	PUNCT
ftr-315	101	11	the	the	DET
ftr-315	101	12	return	return	NOUN
ftr-315	101	13	-	-	PUNCT
ftr-315	101	14	reducing	reduce	VERB
ftr-315	101	15	ripple	ripple	ADJ
ftr-315	101	16	effects	effect	NOUN
ftr-315	101	17	described	describe	VERB
ftr-315	101	18	in	in	ADP
ftr-315	101	19	this	this	DET
ftr-315	101	20	article	article	NOUN
ftr-315	101	21	become	become	VERB
ftr-315	101	22	even	even	ADV
ftr-315	101	23	more	more	ADV
ftr-315	101	24	pronounced	pronounced	ADJ
ftr-315	101	25	.	.	PUNCT
ftr-315	102	1	8	8	NUM
ftr-315	102	2	florida	florida	PROPN
ftr-315	102	3	tax	tax	NOUN
ftr-315	102	4	review	review	NOUN
ftr-315	102	5	[	[	X
ftr-315	102	6	vol.13:1	vol.13:1	NOUN
ftr-315	102	7	ii	ii	PROPN
ftr-315	102	8	.	.	PUNCT
ftr-315	103	1	background	background	NOUN
ftr-315	103	2	brief	brief	ADJ
ftr-315	103	3	overviews	overview	NOUN
ftr-315	103	4	of	of	ADP
ftr-315	103	5	fund	fund	NOUN
ftr-315	103	6	manager	manager	NOUN
ftr-315	103	7	compensation	compensation	NOUN
ftr-315	103	8	and	and	CCONJ
ftr-315	103	9	the	the	DET
ftr-315	103	10	proposed	propose	VERB
ftr-315	103	11	legislation	legislation	NOUN
ftr-315	103	12	provide	provide	VERB
ftr-315	103	13	background	background	NOUN
ftr-315	103	14	for	for	ADP
ftr-315	103	15	the	the	DET
ftr-315	103	16	analysis.17	analysis.17	PROPN
ftr-315	103	17	readers	reader	NOUN
ftr-315	103	18	familiar	familiar	ADJ
ftr-315	103	19	with	with	ADP
ftr-315	103	20	these	these	DET
ftr-315	103	21	topics	topic	NOUN
ftr-315	103	22	may	may	AUX
ftr-315	103	23	wish	wish	VERB
ftr-315	103	24	to	to	PART
ftr-315	103	25	skip	skip	VERB
ftr-315	103	26	directly	directly	ADV
ftr-315	103	27	to	to	ADP
ftr-315	103	28	part	part	NOUN
ftr-315	103	29	iii	iii	PROPN
ftr-315	103	30	.	.	PUNCT
ftr-315	103	31	a.	a.	PROPN
ftr-315	103	32	brief	brief	PROPN
ftr-315	103	33	overview	overview	NOUN
ftr-315	103	34	of	of	ADP
ftr-315	103	35	the	the	DET
ftr-315	103	36	structure	structure	NOUN
ftr-315	103	37	and	and	CCONJ
ftr-315	103	38	taxation	taxation	NOUN
ftr-315	103	39	of	of	ADP
ftr-315	103	40	fund	fund	NOUN
ftr-315	103	41	manager	manager	NOUN
ftr-315	103	42	compensation	compensation	PROPN
ftr-315	103	43	private	private	ADJ
ftr-315	103	44	equity	equity	NOUN
ftr-315	103	45	funds	fund	NOUN
ftr-315	103	46	,	,	PUNCT
ftr-315	103	47	venture	venture	NOUN
ftr-315	103	48	capital	capital	NOUN
ftr-315	103	49	funds	fund	NOUN
ftr-315	103	50	,	,	PUNCT
ftr-315	103	51	and	and	CCONJ
ftr-315	103	52	hedge	hedge	NOUN
ftr-315	103	53	funds	fund	NOUN
ftr-315	103	54	are	be	AUX
ftr-315	103	55	typically	typically	ADV
ftr-315	103	56	structured	structure	VERB
ftr-315	103	57	as	as	ADP
ftr-315	103	58	limited	limited	ADJ
ftr-315	103	59	partnerships	partnership	NOUN
ftr-315	103	60	,	,	PUNCT
ftr-315	103	61	in	in	ADP
ftr-315	103	62	which	which	PRON
ftr-315	103	63	the	the	DET
ftr-315	103	64	investors	investor	NOUN
ftr-315	103	65	are	be	AUX
ftr-315	103	66	the	the	DET
ftr-315	103	67	limited	limited	ADJ
ftr-315	103	68	partners	partner	NOUN
ftr-315	103	69	(	(	PUNCT
ftr-315	103	70	lps	lps	PROPN
ftr-315	103	71	)	)	PUNCT
ftr-315	103	72	and	and	CCONJ
ftr-315	103	73	the	the	DET
ftr-315	103	74	manager	manager	NOUN
ftr-315	103	75	is	be	AUX
ftr-315	103	76	the	the	DET
ftr-315	103	77	gp	gp	NOUN
ftr-315	103	78	.	.	PUNCT
ftr-315	104	1	managers	manager	NOUN
ftr-315	104	2	of	of	ADP
ftr-315	104	3	these	these	DET
ftr-315	104	4	funds	fund	NOUN
ftr-315	104	5	generally	generally	ADV
ftr-315	104	6	receive	receive	VERB
ftr-315	104	7	two	two	NUM
ftr-315	104	8	different	different	ADJ
ftr-315	104	9	economic	economic	ADJ
ftr-315	104	10	rights	right	NOUN
ftr-315	104	11	in	in	ADP
ftr-315	104	12	exchange	exchange	NOUN
ftr-315	104	13	for	for	ADP
ftr-315	104	14	their	their	PRON
ftr-315	104	15	services	service	NOUN
ftr-315	104	16	.	.	PUNCT
ftr-315	105	1	first	first	ADV
ftr-315	105	2	,	,	PUNCT
ftr-315	105	3	the	the	DET
ftr-315	105	4	manager	manager	NOUN
ftr-315	105	5	is	be	AUX
ftr-315	105	6	paid	pay	VERB
ftr-315	105	7	a	a	DET
ftr-315	105	8	management	management	NOUN
ftr-315	105	9	fee	fee	NOUN
ftr-315	105	10	,	,	PUNCT
ftr-315	105	11	commonly	commonly	ADV
ftr-315	105	12	equal	equal	ADJ
ftr-315	105	13	to	to	ADP
ftr-315	105	14	2	2	NUM
ftr-315	105	15	percent	percent	NOUN
ftr-315	105	16	of	of	ADP
ftr-315	105	17	assets	asset	NOUN
ftr-315	105	18	under	under	ADP
ftr-315	105	19	management	management	NOUN
ftr-315	105	20	.	.	PUNCT
ftr-315	106	1	second	second	ADV
ftr-315	106	2	,	,	PUNCT
ftr-315	106	3	the	the	DET
ftr-315	106	4	manager	manager	NOUN
ftr-315	106	5	is	be	AUX
ftr-315	106	6	granted	grant	VERB
ftr-315	106	7	a	a	DET
ftr-315	106	8	right	right	NOUN
ftr-315	106	9	to	to	PART
ftr-315	106	10	share	share	VERB
ftr-315	106	11	in	in	ADP
ftr-315	106	12	the	the	DET
ftr-315	106	13	profits	profit	NOUN
ftr-315	106	14	of	of	ADP
ftr-315	106	15	the	the	DET
ftr-315	106	16	fund	fund	NOUN
ftr-315	106	17	.	.	PUNCT
ftr-315	107	1	typically	typically	ADV
ftr-315	107	2	,	,	PUNCT
ftr-315	107	3	this	this	DET
ftr-315	107	4	“	"	PUNCT
ftr-315	107	5	carried	carry	VERB
ftr-315	107	6	interest	interest	NOUN
ftr-315	107	7	”	"	PUNCT
ftr-315	107	8	or	or	CCONJ
ftr-315	107	9	“	"	PUNCT
ftr-315	107	10	carry	carry	VERB
ftr-315	107	11	”	"	PUNCT
ftr-315	107	12	entitles	entitle	VERB
ftr-315	107	13	the	the	DET
ftr-315	107	14	manager	manager	NOUN
ftr-315	107	15	to	to	ADP
ftr-315	107	16	20	20	NUM
ftr-315	107	17	percent	percent	NOUN
ftr-315	107	18	of	of	ADP
ftr-315	107	19	the	the	DET
ftr-315	107	20	profits	profit	NOUN
ftr-315	107	21	earned	earn	VERB
ftr-315	107	22	by	by	ADP
ftr-315	107	23	the	the	DET
ftr-315	107	24	fund	fund	NOUN
ftr-315	107	25	.	.	PUNCT
ftr-315	108	1	details	detail	NOUN
ftr-315	108	2	of	of	ADP
ftr-315	108	3	the	the	DET
ftr-315	108	4	carried	carry	VERB
ftr-315	108	5	interest	interest	NOUN
ftr-315	108	6	vary	vary	VERB
ftr-315	108	7	from	from	ADP
ftr-315	108	8	fund	fund	NOUN
ftr-315	108	9	to	to	ADP
ftr-315	108	10	fund	fund	PROPN
ftr-315	108	11	.	.	PUNCT
ftr-315	109	1	these	these	DET
ftr-315	109	2	details	detail	NOUN
ftr-315	109	3	include	include	VERB
ftr-315	109	4	(	(	PUNCT
ftr-315	109	5	1	1	X
ftr-315	109	6	)	)	PUNCT
ftr-315	109	7	when	when	SCONJ
ftr-315	109	8	the	the	DET
ftr-315	109	9	manager	manager	NOUN
ftr-315	109	10	is	be	AUX
ftr-315	109	11	entitled	entitle	VERB
ftr-315	109	12	to	to	PART
ftr-315	109	13	receive	receive	VERB
ftr-315	109	14	distributions	distribution	NOUN
ftr-315	109	15	on	on	ADP
ftr-315	109	16	account	account	NOUN
ftr-315	109	17	of	of	ADP
ftr-315	109	18	the	the	DET
ftr-315	109	19	carried	carry	VERB
ftr-315	109	20	interest	interest	NOUN
ftr-315	109	21	(	(	PUNCT
ftr-315	109	22	including	include	VERB
ftr-315	109	23	distributions	distribution	NOUN
ftr-315	109	24	of	of	ADP
ftr-315	109	25	the	the	DET
ftr-315	109	26	manager	manager	NOUN
ftr-315	109	27	’s	’s	PART
ftr-315	109	28	entire	entire	ADJ
ftr-315	109	29	share	share	NOUN
ftr-315	109	30	of	of	ADP
ftr-315	109	31	profits	profit	NOUN
ftr-315	109	32	or	or	CCONJ
ftr-315	109	33	distributions	distribution	NOUN
ftr-315	109	34	of	of	ADP
ftr-315	109	35	smaller	small	ADJ
ftr-315	109	36	amounts	amount	NOUN
ftr-315	109	37	of	of	ADP
ftr-315	109	38	money	money	NOUN
ftr-315	109	39	that	that	PRON
ftr-315	109	40	are	be	AUX
ftr-315	109	41	intended	intend	VERB
ftr-315	109	42	to	to	PART
ftr-315	109	43	be	be	AUX
ftr-315	109	44	sufficient	sufficient	ADJ
ftr-315	109	45	to	to	PART
ftr-315	109	46	enable	enable	VERB
ftr-315	109	47	the	the	DET
ftr-315	109	48	manager	manager	NOUN
ftr-315	109	49	to	to	PART
ftr-315	109	50	pay	pay	VERB
ftr-315	109	51	taxes	taxis	NOUN
ftr-315	109	52	due	due	ADJ
ftr-315	109	53	on	on	ADP
ftr-315	109	54	the	the	DET
ftr-315	109	55	manager	manager	NOUN
ftr-315	109	56	’s	’s	PART
ftr-315	109	57	share	share	NOUN
ftr-315	109	58	of	of	ADP
ftr-315	109	59	profits	profit	NOUN
ftr-315	109	60	(	(	PUNCT
ftr-315	109	61	“	"	PUNCT
ftr-315	109	62	tax	tax	NOUN
ftr-315	109	63	distributions”)),18	distributions”)),18	NOUN
ftr-315	109	64	and	and	CCONJ
ftr-315	109	65	(	(	PUNCT
ftr-315	109	66	2	2	X
ftr-315	109	67	)	)	PUNCT
ftr-315	109	68	whether	whether	SCONJ
ftr-315	109	69	and	and	CCONJ
ftr-315	109	70	to	to	ADP
ftr-315	109	71	what	what	DET
ftr-315	109	72	extent	extent	NOUN
ftr-315	109	73	the	the	DET
ftr-315	109	74	manager	manager	NOUN
ftr-315	109	75	is	be	AUX
ftr-315	109	76	obligated	obligate	VERB
ftr-315	109	77	to	to	PART
ftr-315	109	78	return	return	VERB
ftr-315	109	79	money	money	NOUN
ftr-315	109	80	to	to	ADP
ftr-315	109	81	the	the	DET
ftr-315	109	82	fund	fund	NOUN
ftr-315	109	83	if	if	SCONJ
ftr-315	109	84	it	it	PRON
ftr-315	109	85	turns	turn	VERB
ftr-315	109	86	out	out	ADP
ftr-315	109	87	that	that	SCONJ
ftr-315	109	88	early	early	ADJ
ftr-315	109	89	distributions	distribution	NOUN
ftr-315	109	90	of	of	ADP
ftr-315	109	91	carry	carry	NOUN
ftr-315	109	92	exceeded	exceed	VERB
ftr-315	109	93	the	the	DET
ftr-315	109	94	amount	amount	NOUN
ftr-315	109	95	of	of	ADP
ftr-315	109	96	the	the	DET
ftr-315	109	97	profit	profit	NOUN
ftr-315	109	98	to	to	PART
ftr-315	109	99	which	which	PRON
ftr-315	109	100	the	the	DET
ftr-315	109	101	manager	manager	NOUN
ftr-315	109	102	was	be	AUX
ftr-315	109	103	ultimately	ultimately	ADV
ftr-315	109	104	17	17	NUM
ftr-315	109	105	.	.	PUNCT
ftr-315	110	1	see	see	VERB
ftr-315	110	2	generally	generally	ADV
ftr-315	110	3	levin	levin	PROPN
ftr-315	110	4	,	,	PUNCT
ftr-315	110	5	venture	venture	NOUN
ftr-315	110	6	capital	capital	NOUN
ftr-315	110	7	,	,	PUNCT
ftr-315	110	8	supra	supra	PROPN
ftr-315	110	9	note	note	PROPN
ftr-315	110	10	14	14	NUM
ftr-315	110	11	,	,	PUNCT
ftr-315	110	12	at	at	ADP
ftr-315	110	13	ch	ch	NOUN
ftr-315	110	14	.	.	PROPN
ftr-315	110	15	10	10	NUM
ftr-315	110	16	;	;	PUNCT
ftr-315	111	1	andrew	andrew	PROPN
ftr-315	111	2	w.	w.	PROPN
ftr-315	111	3	needham	needham	PROPN
ftr-315	111	4	,	,	PUNCT
ftr-315	111	5	private	private	ADJ
ftr-315	111	6	equity	equity	NOUN
ftr-315	111	7	funds	fund	NOUN
ftr-315	111	8	,	,	PUNCT
ftr-315	111	9	735	735	NUM
ftr-315	111	10	-	-	PUNCT
ftr-315	111	11	2d	2d	NUM
ftr-315	111	12	tax	tax	NOUN
ftr-315	111	13	mgmt	mgmt	NOUN
ftr-315	111	14	.	.	PUNCT
ftr-315	112	1	(	(	PUNCT
ftr-315	112	2	bna	bna	PROPN
ftr-315	112	3	)	)	PUNCT
ftr-315	112	4	pts	pts	PROPN
ftr-315	112	5	.	.	PROPN
ftr-315	113	1	iii	iii	PROPN
ftr-315	113	2	&	&	CCONJ
ftr-315	113	3	v	v	NOUN
ftr-315	113	4	–	–	PUNCT
ftr-315	113	5	vi	vi	PROPN
ftr-315	113	6	(	(	PUNCT
ftr-315	113	7	2011	2011	NUM
ftr-315	113	8	)	)	PUNCT
ftr-315	114	1	[	[	X
ftr-315	114	2	hereinafter	hereinafter	NOUN
ftr-315	114	3	needham	needham	PROPN
ftr-315	114	4	,	,	PUNCT
ftr-315	114	5	private	private	ADJ
ftr-315	114	6	equity	equity	NOUN
ftr-315	114	7	funds	fund	NOUN
ftr-315	114	8	]	]	PUNCT
ftr-315	114	9	;	;	PUNCT
ftr-315	114	10	needham	needham	PROPN
ftr-315	114	11	&	&	CCONJ
ftr-315	114	12	brause	brause	PROPN
ftr-315	114	13	,	,	PUNCT
ftr-315	114	14	hedge	hedge	NOUN
ftr-315	114	15	funds	fund	NOUN
ftr-315	114	16	,	,	PUNCT
ftr-315	114	17	supra	supra	PROPN
ftr-315	114	18	note	note	PROPN
ftr-315	114	19	11	11	NUM
ftr-315	114	20	,	,	PUNCT
ftr-315	114	21	at	at	ADP
ftr-315	114	22	pts	pt	NOUN
ftr-315	114	23	.	.	PUNCT
ftr-315	114	24	iii	iii	PROPN
ftr-315	114	25	&	&	CCONJ
ftr-315	114	26	v	v	NOUN
ftr-315	114	27	–	–	PUNCT
ftr-315	114	28	vi	vi	ADJ
ftr-315	114	29	;	;	PUNCT
ftr-315	114	30	ronald	ronald	PROPN
ftr-315	114	31	j.	j.	PROPN
ftr-315	114	32	gilson	gilson	PROPN
ftr-315	114	33	,	,	PUNCT
ftr-315	114	34	engineering	engineer	VERB
ftr-315	114	35	a	a	DET
ftr-315	114	36	venture	venture	NOUN
ftr-315	114	37	capital	capital	NOUN
ftr-315	114	38	market	market	NOUN
ftr-315	114	39	:	:	PUNCT
ftr-315	114	40	lessons	lesson	NOUN
ftr-315	114	41	from	from	ADP
ftr-315	114	42	the	the	DET
ftr-315	114	43	american	american	ADJ
ftr-315	114	44	experience	experience	NOUN
ftr-315	114	45	,	,	PUNCT
ftr-315	114	46	55	55	NUM
ftr-315	114	47	stan	stan	NOUN
ftr-315	114	48	.	.	PUNCT
ftr-315	115	1	l.	l.	PROPN
ftr-315	115	2	rev	rev	PROPN
ftr-315	115	3	.	.	PROPN
ftr-315	115	4	1067	1067	NUM
ftr-315	115	5	,	,	PUNCT
ftr-315	115	6	1070–78	1070–78	NUM
ftr-315	115	7	&	&	CCONJ
ftr-315	115	8	1088–90	1088–90	NUM
ftr-315	115	9	(	(	PUNCT
ftr-315	115	10	2003	2003	NUM
ftr-315	115	11	)	)	PUNCT
ftr-315	116	1	[	[	X
ftr-315	116	2	hereinafter	hereinafter	NOUN
ftr-315	116	3	gilson	gilson	NOUN
ftr-315	116	4	,	,	PUNCT
ftr-315	116	5	venture	venture	NOUN
ftr-315	116	6	capital	capital	NOUN
ftr-315	116	7	market	market	NOUN
ftr-315	116	8	]	]	X
ftr-315	116	9	;	;	PUNCT
ftr-315	116	10	henry	henry	PROPN
ftr-315	116	11	ordower	ordower	PROPN
ftr-315	116	12	,	,	PUNCT
ftr-315	116	13	demystifying	demystify	VERB
ftr-315	116	14	hedge	hedge	NOUN
ftr-315	116	15	funds	fund	NOUN
ftr-315	116	16	:	:	PUNCT
ftr-315	116	17	a	a	DET
ftr-315	116	18	design	design	NOUN
ftr-315	116	19	primer	primer	NOUN
ftr-315	116	20	,	,	PUNCT
ftr-315	116	21	7	7	NUM
ftr-315	116	22	u.c	u.c	PROPN
ftr-315	116	23	.	.	PROPN
ftr-315	116	24	davis	davis	PROPN
ftr-315	116	25	bus	bus	PROPN
ftr-315	116	26	.	.	PUNCT
ftr-315	117	1	l.j	l.j	PROPN
ftr-315	117	2	.	.	PROPN
ftr-315	118	1	324	324	NUM
ftr-315	118	2	(	(	PUNCT
ftr-315	118	3	2007	2007	NUM
ftr-315	118	4	)	)	PUNCT
ftr-315	118	5	;	;	PUNCT
ftr-315	118	6	stephanie	stephanie	PROPN
ftr-315	118	7	r.	r.	PROPN
ftr-315	118	8	breslow	breslow	PROPN
ftr-315	118	9	,	,	PUNCT
ftr-315	118	10	selected	select	VERB
ftr-315	118	11	excerpts	excerpt	NOUN
ftr-315	118	12	from	from	ADP
ftr-315	118	13	pli	pli	PROPN
ftr-315	118	14	’s	’s	PART
ftr-315	118	15	private	private	ADJ
ftr-315	118	16	equity	equity	NOUN
ftr-315	118	17	funds	fund	NOUN
ftr-315	118	18	:	:	PUNCT
ftr-315	118	19	formation	formation	NOUN
ftr-315	118	20	and	and	CCONJ
ftr-315	118	21	operation	operation	NOUN
ftr-315	118	22	,	,	PUNCT
ftr-315	119	1	1st	1st	ADJ
ftr-315	119	2	ed	ed	NOUN
ftr-315	119	3	.	.	PROPN
ftr-315	119	4	,	,	PUNCT
ftr-315	119	5	chapter	chapter	NOUN
ftr-315	119	6	2	2	NUM
ftr-315	119	7	:	:	PUNCT
ftr-315	119	8	terms	term	NOUN
ftr-315	119	9	of	of	ADP
ftr-315	119	10	private	private	ADJ
ftr-315	119	11	equity	equity	NOUN
ftr-315	119	12	funds	fund	NOUN
ftr-315	119	13	,	,	PUNCT
ftr-315	119	14	1782	1782	NUM
ftr-315	119	15	practising	practising	NOUN
ftr-315	119	16	law	law	NOUN
ftr-315	119	17	inst	inst	PROPN
ftr-315	119	18	.	.	PUNCT
ftr-315	119	19	corp	corp	PROPN
ftr-315	119	20	.	.	PROPN
ftr-315	119	21	law	law	PROPN
ftr-315	119	22	&	&	CCONJ
ftr-315	119	23	practice	practice	PROPN
ftr-315	119	24	course	course	NOUN
ftr-315	119	25	handbook	handbook	NOUN
ftr-315	119	26	225	225	NUM
ftr-315	119	27	(	(	PUNCT
ftr-315	119	28	2010	2010	NUM
ftr-315	119	29	)	)	PUNCT
ftr-315	120	1	[	[	X
ftr-315	120	2	hereinafter	hereinafter	NOUN
ftr-315	120	3	breslow	breslow	NOUN
ftr-315	120	4	,	,	PUNCT
ftr-315	120	5	selected	select	VERB
ftr-315	120	6	excerpts	excerpt	NOUN
ftr-315	120	7	]	]	PUNCT
ftr-315	120	8	.	.	PUNCT
ftr-315	121	1	18	18	NUM
ftr-315	121	2	.	.	PUNCT
ftr-315	121	3	see	see	VERB
ftr-315	121	4	generally	generally	ADV
ftr-315	121	5	levin	levin	PROPN
ftr-315	121	6	,	,	PUNCT
ftr-315	121	7	venture	venture	NOUN
ftr-315	121	8	capital	capital	NOUN
ftr-315	121	9	,	,	PUNCT
ftr-315	121	10	supra	supra	PROPN
ftr-315	121	11	note	note	PROPN
ftr-315	121	12	14	14	NUM
ftr-315	121	13	,	,	PUNCT
ftr-315	121	14	at	at	ADP
ftr-315	121	15	¶	¶	PROPN
ftr-315	121	16	1003.5	1003.5	NUM
ftr-315	121	17	;	;	PUNCT
ftr-315	121	18	needham	needham	PROPN
ftr-315	121	19	&	&	CCONJ
ftr-315	121	20	brause	brause	PROPN
ftr-315	121	21	,	,	PUNCT
ftr-315	121	22	hedge	hedge	NOUN
ftr-315	121	23	funds	fund	NOUN
ftr-315	121	24	,	,	PUNCT
ftr-315	121	25	supra	supra	PROPN
ftr-315	121	26	note	note	PROPN
ftr-315	121	27	11	11	NUM
ftr-315	121	28	,	,	PUNCT
ftr-315	121	29	at	at	ADP
ftr-315	121	30	iii.b	iii.b	PROPN
ftr-315	121	31	.	.	PUNCT
ftr-315	121	32	;	;	PUNCT
ftr-315	122	1	breslow	breslow	NOUN
ftr-315	122	2	,	,	PUNCT
ftr-315	122	3	selected	select	VERB
ftr-315	122	4	excerpts	excerpt	NOUN
ftr-315	122	5	,	,	PUNCT
ftr-315	122	6	supra	supra	PROPN
ftr-315	122	7	note	note	NOUN
ftr-315	122	8	17	17	NUM
ftr-315	122	9	,	,	PUNCT
ftr-315	122	10	at	at	ADP
ftr-315	122	11	§	§	PROPN
ftr-315	122	12	§	§	PROPN
ftr-315	122	13	2.7.3	2.7.3	NUM
ftr-315	122	14	,	,	PUNCT
ftr-315	122	15	2.8.1[d][4	2.8.1[d][4	NUM
ftr-315	122	16	]	]	PUNCT
ftr-315	122	17	;	;	PUNCT
ftr-315	122	18	see	see	VERB
ftr-315	122	19	,	,	PUNCT
ftr-315	122	20	e.g.	e.g.	ADV
ftr-315	122	21	,	,	PUNCT
ftr-315	122	22	gregory	gregory	PROPN
ftr-315	122	23	j.	j.	PROPN
ftr-315	122	24	nowak	nowak	PROPN
ftr-315	122	25	,	,	PUNCT
ftr-315	122	26	hedge	hedge	NOUN
ftr-315	122	27	fund	fund	NOUN
ftr-315	122	28	agreements	agreement	NOUN
ftr-315	122	29	line	line	NOUN
ftr-315	122	30	by	by	ADP
ftr-315	122	31	line	line	NOUN
ftr-315	122	32	:	:	PUNCT
ftr-315	122	33	a	a	DET
ftr-315	122	34	user	user	NOUN
ftr-315	122	35	’s	’s	PART
ftr-315	122	36	guide	guide	NOUN
ftr-315	122	37	to	to	ADP
ftr-315	122	38	llc	llc	NOUN
ftr-315	122	39	operating	operating	NOUN
ftr-315	122	40	contracts	contract	NOUN
ftr-315	123	1	2nd	2nd	PROPN
ftr-315	123	2	ed	ed	NOUN
ftr-315	123	3	.	.	PROPN
ftr-315	123	4	,	,	PUNCT
ftr-315	123	5	aspatore	aspatore	ADJ
ftr-315	123	6	line	line	NOUN
ftr-315	123	7	-	-	PUNCT
ftr-315	123	8	by	by	ADP
ftr-315	123	9	-	-	PUNCT
ftr-315	123	10	line	line	NOUN
ftr-315	123	11	1	1	NUM
ftr-315	123	12	,	,	PUNCT
ftr-315	123	13	¶	¶	NOUN
ftr-315	123	14	7.10	7.10	NUM
ftr-315	123	15	(	(	PUNCT
ftr-315	123	16	2009	2009	NUM
ftr-315	123	17	)	)	PUNCT
ftr-315	124	1	[	[	X
ftr-315	124	2	hereinafter	hereinafter	NOUN
ftr-315	124	3	nowak	nowak	PROPN
ftr-315	124	4	,	,	PUNCT
ftr-315	124	5	hedge	hedge	NOUN
ftr-315	124	6	fund	fund	NOUN
ftr-315	124	7	agreements	agreement	NOUN
ftr-315	124	8	]	]	PUNCT
ftr-315	124	9	,	,	PUNCT
ftr-315	124	10	(	(	PUNCT
ftr-315	124	11	providing	provide	VERB
ftr-315	124	12	sample	sample	NOUN
ftr-315	124	13	language	language	NOUN
ftr-315	124	14	)	)	PUNCT
ftr-315	124	15	;	;	PUNCT
ftr-315	124	16	dow	dow	PROPN
ftr-315	124	17	jones	jones	PROPN
ftr-315	124	18	,	,	PUNCT
ftr-315	124	19	private	private	ADJ
ftr-315	124	20	equity	equity	NOUN
ftr-315	124	21	partnership	partnership	NOUN
ftr-315	124	22	terms	term	NOUN
ftr-315	124	23	&	&	CCONJ
ftr-315	124	24	conditions	condition	NOUN
ftr-315	124	25	47	47	NUM
ftr-315	124	26	(	(	PUNCT
ftr-315	124	27	2009	2009	NUM
ftr-315	124	28	)	)	PUNCT
ftr-315	125	1	[	[	X
ftr-315	125	2	hereinafter	hereinafter	NOUN
ftr-315	125	3	dow	dow	PROPN
ftr-315	125	4	jones	jones	PROPN
ftr-315	125	5	,	,	PUNCT
ftr-315	125	6	partnership	partnership	NOUN
ftr-315	125	7	]	]	PUNCT
ftr-315	125	8	.	.	PUNCT
ftr-315	126	1	2012	2012	NUM
ftr-315	126	2	]	]	PUNCT
ftr-315	126	3	“	"	PUNCT
ftr-315	126	4	carried	carry	VERB
ftr-315	126	5	interest	interest	NOUN
ftr-315	126	6	”	"	PUNCT
ftr-315	126	7	tax	tax	NOUN
ftr-315	126	8	proposals	proposal	NOUN
ftr-315	126	9	9	9	NUM
ftr-315	126	10	entitled	entitle	VERB
ftr-315	126	11	(	(	PUNCT
ftr-315	126	12	a	a	DET
ftr-315	126	13	“	"	PUNCT
ftr-315	126	14	clawback	clawback	NOUN
ftr-315	126	15	”	"	PUNCT
ftr-315	126	16	obligation).19	obligation).19	ADP
ftr-315	126	17	the	the	DET
ftr-315	126	18	fund	fund	NOUN
ftr-315	126	19	agreement	agreement	NOUN
ftr-315	126	20	provisions	provision	NOUN
ftr-315	126	21	regarding	regard	VERB
ftr-315	126	22	the	the	DET
ftr-315	126	23	calculation	calculation	NOUN
ftr-315	126	24	of	of	ADP
ftr-315	126	25	the	the	DET
ftr-315	126	26	gp	gp	NOUN
ftr-315	126	27	’s	’s	PART
ftr-315	126	28	carried	carry	VERB
ftr-315	126	29	interest	interest	NOUN
ftr-315	126	30	,	,	PUNCT
ftr-315	126	31	including	include	VERB
ftr-315	126	32	the	the	DET
ftr-315	126	33	clawback	clawback	NOUN
ftr-315	126	34	provision	provision	NOUN
ftr-315	126	35	in	in	ADP
ftr-315	126	36	particular	particular	ADJ
ftr-315	126	37	,	,	PUNCT
ftr-315	126	38	are	be	AUX
ftr-315	126	39	among	among	ADP
ftr-315	126	40	the	the	DET
ftr-315	126	41	most	most	ADV
ftr-315	126	42	heavily	heavily	ADV
ftr-315	126	43	negotiated	negotiate	VERB
ftr-315	126	44	provisions	provision	NOUN
ftr-315	126	45	in	in	ADP
ftr-315	126	46	fund	fund	NOUN
ftr-315	126	47	agreements	agreement	NOUN
ftr-315	126	48	and	and	CCONJ
ftr-315	126	49	are	be	AUX
ftr-315	126	50	among	among	ADP
ftr-315	126	51	the	the	DET
ftr-315	126	52	most	most	ADV
ftr-315	126	53	important	important	ADJ
ftr-315	126	54	provisions	provision	NOUN
ftr-315	126	55	to	to	ADP
ftr-315	126	56	both	both	DET
ftr-315	126	57	gps	gps	PROPN
ftr-315	126	58	and	and	CCONJ
ftr-315	126	59	lps.20	lps.20	PRON
ftr-315	126	60	the	the	DET
ftr-315	126	61	management	management	NOUN
ftr-315	126	62	fee	fee	NOUN
ftr-315	126	63	and	and	CCONJ
ftr-315	126	64	the	the	DET
ftr-315	126	65	carried	carry	VERB
ftr-315	126	66	interest	interest	NOUN
ftr-315	126	67	are	be	AUX
ftr-315	126	68	subject	subject	ADJ
ftr-315	126	69	to	to	ADP
ftr-315	126	70	different	different	ADJ
ftr-315	126	71	federal	federal	ADJ
ftr-315	126	72	income	income	NOUN
ftr-315	126	73	tax	tax	NOUN
ftr-315	126	74	treatments	treatment	NOUN
ftr-315	126	75	.	.	PUNCT
ftr-315	127	1	the	the	DET
ftr-315	127	2	management	management	NOUN
ftr-315	127	3	fee	fee	NOUN
ftr-315	127	4	is	be	AUX
ftr-315	127	5	just	just	ADV
ftr-315	127	6	salary	salary	NOUN
ftr-315	127	7	compensation	compensation	NOUN
ftr-315	127	8	,	,	PUNCT
ftr-315	127	9	and	and	CCONJ
ftr-315	127	10	thus	thus	ADV
ftr-315	127	11	,	,	PUNCT
ftr-315	127	12	it	it	PRON
ftr-315	127	13	is	be	AUX
ftr-315	127	14	taxed	tax	VERB
ftr-315	127	15	to	to	ADP
ftr-315	127	16	the	the	DET
ftr-315	127	17	manager	manager	NOUN
ftr-315	127	18	at	at	ADP
ftr-315	127	19	ordinary	ordinary	ADJ
ftr-315	127	20	income	income	NOUN
ftr-315	127	21	rates.21	rates.21	NOUN
ftr-315	127	22	the	the	DET
ftr-315	127	23	taxation	taxation	NOUN
ftr-315	127	24	of	of	ADP
ftr-315	127	25	the	the	DET
ftr-315	127	26	carried	carry	VERB
ftr-315	127	27	interest	interest	NOUN
ftr-315	127	28	is	be	AUX
ftr-315	127	29	more	more	ADV
ftr-315	127	30	complicated	complicated	ADJ
ftr-315	127	31	.	.	PUNCT
ftr-315	128	1	generally	generally	ADV
ftr-315	128	2	,	,	PUNCT
ftr-315	128	3	the	the	DET
ftr-315	128	4	manager	manager	NOUN
ftr-315	128	5	is	be	AUX
ftr-315	128	6	not	not	PART
ftr-315	128	7	subject	subject	ADJ
ftr-315	128	8	to	to	ADP
ftr-315	128	9	tax	tax	NOUN
ftr-315	128	10	upon	upon	SCONJ
ftr-315	128	11	the	the	DET
ftr-315	128	12	initial	initial	ADJ
ftr-315	128	13	receipt	receipt	NOUN
ftr-315	128	14	of	of	ADP
ftr-315	128	15	the	the	DET
ftr-315	128	16	carried	carry	VERB
ftr-315	128	17	interest.22	interest.22	NOUN
ftr-315	128	18	rather	rather	ADV
ftr-315	128	19	,	,	PUNCT
ftr-315	128	20	the	the	DET
ftr-315	128	21	manager	manager	NOUN
ftr-315	128	22	is	be	AUX
ftr-315	128	23	taxed	tax	VERB
ftr-315	128	24	on	on	ADP
ftr-315	128	25	its	its	PRON
ftr-315	128	26	allocable	allocable	ADJ
ftr-315	128	27	share	share	NOUN
ftr-315	128	28	of	of	ADP
ftr-315	128	29	the	the	DET
ftr-315	128	30	fund	fund	NOUN
ftr-315	128	31	’s	’s	PART
ftr-315	128	32	profits	profit	NOUN
ftr-315	128	33	,	,	PUNCT
ftr-315	128	34	if	if	SCONJ
ftr-315	128	35	and	and	CCONJ
ftr-315	128	36	as	as	SCONJ
ftr-315	128	37	the	the	DET
ftr-315	128	38	fund	fund	NOUN
ftr-315	128	39	recognizes	recognize	VERB
ftr-315	128	40	income.23	income.23	PROPN
ftr-315	128	41	the	the	DET
ftr-315	128	42	character	character	NOUN
ftr-315	128	43	of	of	ADP
ftr-315	128	44	that	that	DET
ftr-315	128	45	income	income	NOUN
ftr-315	128	46	to	to	ADP
ftr-315	128	47	the	the	DET
ftr-315	128	48	manager	manager	NOUN
ftr-315	128	49	generally	generally	ADV
ftr-315	128	50	depends	depend	VERB
ftr-315	128	51	on	on	ADP
ftr-315	128	52	the	the	DET
ftr-315	128	53	character	character	NOUN
ftr-315	128	54	of	of	ADP
ftr-315	128	55	the	the	DET
ftr-315	128	56	income	income	NOUN
ftr-315	128	57	to	to	ADP
ftr-315	128	58	the	the	DET
ftr-315	128	59	fund.24	fund.24	NOUN
ftr-315	128	60	19	19	NUM
ftr-315	128	61	.	.	PUNCT
ftr-315	129	1	see	see	VERB
ftr-315	129	2	generally	generally	ADV
ftr-315	129	3	levin	levin	PROPN
ftr-315	129	4	,	,	PUNCT
ftr-315	129	5	venture	venture	NOUN
ftr-315	129	6	capital	capital	NOUN
ftr-315	129	7	,	,	PUNCT
ftr-315	129	8	supra	supra	PROPN
ftr-315	129	9	note	note	PROPN
ftr-315	129	10	14	14	NUM
ftr-315	129	11	,	,	PUNCT
ftr-315	129	12	at	at	ADP
ftr-315	129	13	¶	¶	PROPN
ftr-315	129	14	1003.1–.4	1003.1–.4	NUM
ftr-315	129	15	;	;	PUNCT
ftr-315	129	16	needham	needham	PROPN
ftr-315	129	17	&	&	CCONJ
ftr-315	129	18	brause	brause	PROPN
ftr-315	129	19	,	,	PUNCT
ftr-315	129	20	hedge	hedge	NOUN
ftr-315	129	21	funds	fund	NOUN
ftr-315	129	22	,	,	PUNCT
ftr-315	129	23	supra	supra	PROPN
ftr-315	129	24	note	note	PROPN
ftr-315	129	25	11	11	NUM
ftr-315	129	26	,	,	PUNCT
ftr-315	129	27	at	at	ADP
ftr-315	129	28	iii.b	iii.b	PROPN
ftr-315	129	29	.	.	PUNCT
ftr-315	129	30	;	;	PUNCT
ftr-315	130	1	needham	needham	PROPN
ftr-315	130	2	,	,	PUNCT
ftr-315	130	3	private	private	ADJ
ftr-315	130	4	equity	equity	NOUN
ftr-315	130	5	funds	fund	NOUN
ftr-315	130	6	,	,	PUNCT
ftr-315	130	7	supra	supra	PROPN
ftr-315	130	8	note	note	PROPN
ftr-315	130	9	17	17	NUM
ftr-315	130	10	,	,	PUNCT
ftr-315	130	11	at	at	ADP
ftr-315	130	12	worksheet	worksheet	NOUN
ftr-315	130	13	3	3	NUM
ftr-315	130	14	(	(	PUNCT
ftr-315	130	15	providing	provide	VERB
ftr-315	130	16	sample	sample	NOUN
ftr-315	130	17	language	language	NOUN
ftr-315	130	18	)	)	PUNCT
ftr-315	130	19	;	;	PUNCT
ftr-315	130	20	breslow	breslow	NOUN
ftr-315	130	21	,	,	PUNCT
ftr-315	130	22	selected	select	VERB
ftr-315	130	23	excerpts	excerpt	NOUN
ftr-315	130	24	,	,	PUNCT
ftr-315	130	25	supra	supra	PROPN
ftr-315	130	26	note	note	NOUN
ftr-315	130	27	17	17	NUM
ftr-315	130	28	,	,	PUNCT
ftr-315	130	29	at	at	ADP
ftr-315	130	30	§	§	PROPN
ftr-315	130	31	2.8.1[g	2.8.1[g	NUM
ftr-315	130	32	]	]	X
ftr-315	130	33	;	;	PUNCT
ftr-315	130	34	dow	dow	PROPN
ftr-315	130	35	jones	jones	PROPN
ftr-315	130	36	,	,	PUNCT
ftr-315	130	37	partnership	partnership	PROPN
ftr-315	130	38	,	,	PUNCT
ftr-315	130	39	supra	supra	PROPN
ftr-315	130	40	note	note	PROPN
ftr-315	130	41	18	18	NUM
ftr-315	130	42	,	,	PUNCT
ftr-315	130	43	at	at	ADP
ftr-315	130	44	42	42	NUM
ftr-315	130	45	.	.	PUNCT
ftr-315	131	1	there	there	PRON
ftr-315	131	2	are	be	VERB
ftr-315	131	3	a	a	DET
ftr-315	131	4	number	number	NOUN
ftr-315	131	5	of	of	ADP
ftr-315	131	6	other	other	ADJ
ftr-315	131	7	details	detail	NOUN
ftr-315	131	8	of	of	ADP
ftr-315	131	9	carried	carry	VERB
ftr-315	131	10	interests	interest	NOUN
ftr-315	131	11	that	that	PRON
ftr-315	131	12	vary	vary	VERB
ftr-315	131	13	from	from	ADP
ftr-315	131	14	fund	fund	NOUN
ftr-315	131	15	to	to	ADP
ftr-315	131	16	fund	fund	NOUN
ftr-315	131	17	,	,	PUNCT
ftr-315	131	18	including	include	VERB
ftr-315	131	19	whether	whether	SCONJ
ftr-315	131	20	the	the	DET
ftr-315	131	21	manager	manager	NOUN
ftr-315	131	22	shares	share	VERB
ftr-315	131	23	in	in	ADP
ftr-315	131	24	profit	profit	NOUN
ftr-315	131	25	from	from	ADP
ftr-315	131	26	the	the	DET
ftr-315	131	27	first	first	ADJ
ftr-315	131	28	dollar	dollar	NOUN
ftr-315	131	29	or	or	CCONJ
ftr-315	131	30	whether	whether	SCONJ
ftr-315	131	31	the	the	DET
ftr-315	131	32	manager	manager	NOUN
ftr-315	131	33	shares	share	VERB
ftr-315	131	34	in	in	ADP
ftr-315	131	35	profit	profit	NOUN
ftr-315	131	36	only	only	ADV
ftr-315	131	37	after	after	SCONJ
ftr-315	131	38	a	a	DET
ftr-315	131	39	specific	specific	ADJ
ftr-315	131	40	“	"	PUNCT
ftr-315	131	41	hurdle	hurdle	NOUN
ftr-315	131	42	rate	rate	NOUN
ftr-315	131	43	”	"	PUNCT
ftr-315	131	44	of	of	ADP
ftr-315	131	45	return	return	NOUN
ftr-315	131	46	has	have	AUX
ftr-315	131	47	been	be	AUX
ftr-315	131	48	achieved	achieve	VERB
ftr-315	131	49	.	.	PUNCT
ftr-315	132	1	see	see	VERB
ftr-315	132	2	generally	generally	ADV
ftr-315	132	3	dow	dow	PROPN
ftr-315	132	4	jones	jones	PROPN
ftr-315	132	5	,	,	PUNCT
ftr-315	132	6	partnership	partnership	PROPN
ftr-315	132	7	,	,	PUNCT
ftr-315	132	8	supra	supra	PROPN
ftr-315	132	9	note	note	PROPN
ftr-315	132	10	18	18	NUM
ftr-315	132	11	(	(	PUNCT
ftr-315	132	12	providing	provide	VERB
ftr-315	132	13	details	detail	NOUN
ftr-315	132	14	about	about	ADP
ftr-315	132	15	the	the	DET
ftr-315	132	16	prevalence	prevalence	NOUN
ftr-315	132	17	of	of	ADP
ftr-315	132	18	a	a	DET
ftr-315	132	19	wide	wide	ADJ
ftr-315	132	20	variety	variety	NOUN
ftr-315	132	21	of	of	ADP
ftr-315	132	22	terms	term	NOUN
ftr-315	132	23	in	in	ADP
ftr-315	132	24	private	private	ADJ
ftr-315	132	25	equity	equity	NOUN
ftr-315	132	26	fund	fund	NOUN
ftr-315	132	27	agreements	agreement	NOUN
ftr-315	132	28	)	)	PUNCT
ftr-315	132	29	.	.	PUNCT
ftr-315	133	1	however	however	ADV
ftr-315	133	2	,	,	PUNCT
ftr-315	133	3	i	i	PRON
ftr-315	133	4	highlight	highlight	VERB
ftr-315	133	5	the	the	DET
ftr-315	133	6	issues	issue	NOUN
ftr-315	133	7	of	of	ADP
ftr-315	133	8	tax	tax	NOUN
ftr-315	133	9	distributions	distribution	NOUN
ftr-315	133	10	and	and	CCONJ
ftr-315	133	11	clawbacks	clawback	NOUN
ftr-315	133	12	because	because	SCONJ
ftr-315	133	13	,	,	PUNCT
ftr-315	133	14	as	as	SCONJ
ftr-315	133	15	discussed	discuss	VERB
ftr-315	133	16	later	later	ADV
ftr-315	133	17	,	,	PUNCT
ftr-315	133	18	these	these	PRON
ftr-315	133	19	are	be	AUX
ftr-315	133	20	the	the	DET
ftr-315	133	21	features	feature	NOUN
ftr-315	133	22	of	of	ADP
ftr-315	133	23	carried	carry	VERB
ftr-315	133	24	interests	interest	NOUN
ftr-315	133	25	that	that	PRON
ftr-315	133	26	may	may	AUX
ftr-315	133	27	lead	lead	VERB
ftr-315	133	28	to	to	PART
ftr-315	133	29	return	return	VERB
ftr-315	133	30	-	-	PUNCT
ftr-315	133	31	reducing	reduce	VERB
ftr-315	133	32	results	result	NOUN
ftr-315	133	33	for	for	ADP
ftr-315	133	34	fund	fund	NOUN
ftr-315	133	35	investors	investor	NOUN
ftr-315	133	36	if	if	SCONJ
ftr-315	133	37	the	the	DET
ftr-315	133	38	tax	tax	NOUN
ftr-315	133	39	rate	rate	NOUN
ftr-315	133	40	applicable	applicable	ADJ
ftr-315	133	41	to	to	PART
ftr-315	133	42	carried	carry	VERB
ftr-315	133	43	interests	interest	NOUN
ftr-315	133	44	is	be	AUX
ftr-315	133	45	increased	increase	VERB
ftr-315	133	46	.	.	PUNCT
ftr-315	134	1	20	20	NUM
ftr-315	134	2	.	.	X
ftr-315	134	3	center	center	NOUN
ftr-315	134	4	for	for	ADP
ftr-315	134	5	private	private	ADJ
ftr-315	134	6	equity	equity	NOUN
ftr-315	134	7	and	and	CCONJ
ftr-315	134	8	entrepreneurship	entrepreneurship	NOUN
ftr-315	134	9	,	,	PUNCT
ftr-315	134	10	tuck	tuck	NOUN
ftr-315	134	11	school	school	NOUN
ftr-315	134	12	of	of	ADP
ftr-315	134	13	business	business	NOUN
ftr-315	134	14	at	at	ADP
ftr-315	134	15	dartmouth	dartmouth	PROPN
ftr-315	134	16	,	,	PUNCT
ftr-315	134	17	limited	limited	ADJ
ftr-315	134	18	partnership	partnership	NOUN
ftr-315	134	19	agreement	agreement	NOUN
ftr-315	134	20	survey	survey	NOUN
ftr-315	134	21	results	result	VERB
ftr-315	134	22	–	–	PUNCT
ftr-315	134	23	gps	gps	VERB
ftr-315	134	24	11	11	NUM
ftr-315	134	25	-	-	SYM
ftr-315	134	26	12	12	NUM
ftr-315	134	27	,	,	PUNCT
ftr-315	134	28	38	38	NUM
ftr-315	134	29	-	-	SYM
ftr-315	134	30	39	39	NUM
ftr-315	134	31	(	(	PUNCT
ftr-315	134	32	june	june	PROPN
ftr-315	134	33	2004	2004	NUM
ftr-315	134	34	)	)	PUNCT
ftr-315	134	35	http:/mba.tuck.dartmouth.edu	http:/mba.tuck.dartmouth.edu	PROPN
ftr-315	134	36	/	/	SYM
ftr-315	134	37	pecenter	pecenter	NOUN
ftr-315	134	38	/	/	SYM
ftr-315	134	39	research	research	NOUN
ftr-315	134	40	/	/	SYM
ftr-315	134	41	pdf	pdf	NOUN
ftr-315	134	42	/	/	SYM
ftr-315	134	43	survey	survey	NOUN
ftr-315	134	44	_	_	PUNCT
ftr-315	134	45	results_gp.pdf	results_gp.pdf	NOUN
ftr-315	134	46	;	;	PUNCT
ftr-315	134	47	center	center	NOUN
ftr-315	134	48	for	for	ADP
ftr-315	134	49	private	private	ADJ
ftr-315	134	50	equity	equity	NOUN
ftr-315	134	51	and	and	CCONJ
ftr-315	134	52	entrepreneurship	entrepreneurship	NOUN
ftr-315	134	53	,	,	PUNCT
ftr-315	134	54	tuck	tuck	NOUN
ftr-315	134	55	school	school	NOUN
ftr-315	134	56	of	of	ADP
ftr-315	134	57	business	business	NOUN
ftr-315	134	58	at	at	ADP
ftr-315	134	59	dartmouth	dartmouth	PROPN
ftr-315	134	60	,	,	PUNCT
ftr-315	134	61	limited	limited	ADJ
ftr-315	134	62	partnership	partnership	NOUN
ftr-315	134	63	agreement	agreement	NOUN
ftr-315	134	64	survey	survey	NOUN
ftr-315	134	65	results	result	VERB
ftr-315	134	66	–	–	PUNCT
ftr-315	134	67	lps	lps	PROPN
ftr-315	134	68	9–10	9–10	NOUN
ftr-315	134	69	,	,	PUNCT
ftr-315	134	70	36–37	36–37	PROPN
ftr-315	134	71	(	(	PUNCT
ftr-315	134	72	june	june	PROPN
ftr-315	134	73	2004	2004	NUM
ftr-315	134	74	)	)	PUNCT
ftr-315	135	1	http://mba.tuck.dartmouth.edu/pecenter/research/pdf/survey	http://mba.tuck.dartmouth.edu/pecenter/research/pdf/survey	NOUN
ftr-315	135	2	_	_	PUNCT
ftr-315	135	3	results_lp.pdf	results_lp.pdf	NOUN
ftr-315	136	1	[	[	X
ftr-315	136	2	hereinafter	hereinafter	NOUN
ftr-315	136	3	tuck	tuck	NOUN
ftr-315	136	4	,	,	PUNCT
ftr-315	136	5	lp	lp	PROPN
ftr-315	136	6	agreement	agreement	NOUN
ftr-315	136	7	survey	survey	NOUN
ftr-315	136	8	–	–	PUNCT
ftr-315	136	9	lps	lps	PROPN
ftr-315	136	10	]	]	PUNCT
ftr-315	136	11	.	.	PUNCT
ftr-315	137	1	21	21	NUM
ftr-315	137	2	.	.	PUNCT
ftr-315	137	3	i.r.c	i.r.c	NOUN
ftr-315	137	4	.	.	PUNCT
ftr-315	138	1	§	§	PROPN
ftr-315	138	2	61	61	NUM
ftr-315	138	3	.	.	PUNCT
ftr-315	139	1	this	this	DET
ftr-315	139	2	basic	basic	ADJ
ftr-315	139	3	description	description	NOUN
ftr-315	139	4	of	of	ADP
ftr-315	139	5	the	the	DET
ftr-315	139	6	tax	tax	NOUN
ftr-315	139	7	treatment	treatment	NOUN
ftr-315	139	8	for	for	ADP
ftr-315	139	9	management	management	NOUN
ftr-315	139	10	fees	fee	NOUN
ftr-315	139	11	assumes	assume	VERB
ftr-315	139	12	that	that	SCONJ
ftr-315	139	13	there	there	PRON
ftr-315	139	14	has	have	AUX
ftr-315	139	15	been	be	AUX
ftr-315	139	16	no	no	DET
ftr-315	139	17	effort	effort	NOUN
ftr-315	139	18	to	to	PART
ftr-315	139	19	recharacterize	recharacterize	VERB
ftr-315	139	20	the	the	DET
ftr-315	139	21	management	management	NOUN
ftr-315	139	22	fee	fee	NOUN
ftr-315	139	23	into	into	ADP
ftr-315	139	24	an	an	DET
ftr-315	139	25	increased	increase	VERB
ftr-315	139	26	carry	carry	NOUN
ftr-315	139	27	.	.	PUNCT
ftr-315	140	1	22	22	NUM
ftr-315	140	2	.	.	PUNCT
ftr-315	141	1	a	a	DET
ftr-315	141	2	carried	carry	VERB
ftr-315	141	3	interest	interest	NOUN
ftr-315	141	4	is	be	AUX
ftr-315	141	5	merely	merely	ADV
ftr-315	141	6	one	one	NUM
ftr-315	141	7	version	version	NOUN
ftr-315	141	8	of	of	ADP
ftr-315	141	9	what	what	PRON
ftr-315	141	10	the	the	DET
ftr-315	141	11	partnership	partnership	NOUN
ftr-315	141	12	tax	tax	NOUN
ftr-315	141	13	law	law	NOUN
ftr-315	141	14	refers	refer	VERB
ftr-315	141	15	to	to	ADP
ftr-315	141	16	as	as	ADP
ftr-315	141	17	a	a	DET
ftr-315	141	18	“	"	PUNCT
ftr-315	141	19	profits	profit	NOUN
ftr-315	141	20	interest	interest	NOUN
ftr-315	141	21	”	"	PUNCT
ftr-315	141	22	—	—	PUNCT
ftr-315	141	23	a	a	DET
ftr-315	141	24	partnership	partnership	NOUN
ftr-315	141	25	interest	interest	NOUN
ftr-315	141	26	that	that	PRON
ftr-315	141	27	has	have	VERB
ftr-315	141	28	a	a	DET
ftr-315	141	29	liquidation	liquidation	NOUN
ftr-315	141	30	value	value	NOUN
ftr-315	141	31	of	of	ADP
ftr-315	141	32	zero	zero	NUM
ftr-315	141	33	as	as	ADP
ftr-315	141	34	of	of	ADP
ftr-315	141	35	the	the	DET
ftr-315	141	36	time	time	NOUN
ftr-315	141	37	of	of	ADP
ftr-315	141	38	grant	grant	NOUN
ftr-315	141	39	and	and	CCONJ
ftr-315	141	40	that	that	PRON
ftr-315	141	41	is	be	AUX
ftr-315	141	42	granted	grant	VERB
ftr-315	141	43	in	in	ADP
ftr-315	141	44	exchange	exchange	NOUN
ftr-315	141	45	“	"	PUNCT
ftr-315	141	46	for	for	ADP
ftr-315	141	47	the	the	DET
ftr-315	141	48	provision	provision	NOUN
ftr-315	141	49	of	of	ADP
ftr-315	141	50	services	service	NOUN
ftr-315	141	51	to	to	ADP
ftr-315	141	52	or	or	CCONJ
ftr-315	141	53	for	for	ADP
ftr-315	141	54	the	the	DET
ftr-315	141	55	benefit	benefit	NOUN
ftr-315	141	56	of	of	ADP
ftr-315	141	57	a	a	DET
ftr-315	141	58	partnership	partnership	NOUN
ftr-315	141	59	in	in	ADP
ftr-315	141	60	a	a	DET
ftr-315	141	61	partner	partner	NOUN
ftr-315	141	62	capacity	capacity	NOUN
ftr-315	141	63	or	or	CCONJ
ftr-315	141	64	in	in	ADP
ftr-315	141	65	anticipation	anticipation	NOUN
ftr-315	141	66	of	of	ADP
ftr-315	141	67	being	be	AUX
ftr-315	141	68	a	a	DET
ftr-315	141	69	partner	partner	NOUN
ftr-315	141	70	[	[	X
ftr-315	141	71	.	.	X
ftr-315	141	72	]	]	X
ftr-315	141	73	”	"	PUNCT
ftr-315	141	74	rev	rev	PROPN
ftr-315	141	75	.	.	PROPN
ftr-315	141	76	proc	proc	PROPN
ftr-315	141	77	.	.	PUNCT
ftr-315	142	1	93	93	NUM
ftr-315	142	2	-	-	SYM
ftr-315	142	3	27	27	NUM
ftr-315	142	4	,	,	PUNCT
ftr-315	142	5	1993	1993	NUM
ftr-315	142	6	-	-	SYM
ftr-315	142	7	2	2	NUM
ftr-315	142	8	c.b	c.b	PROPN
ftr-315	142	9	.	.	PROPN
ftr-315	142	10	343	343	NUM
ftr-315	142	11	.	.	PUNCT
ftr-315	143	1	profits	profit	NOUN
ftr-315	143	2	interests	interest	NOUN
ftr-315	143	3	,	,	PUNCT
ftr-315	143	4	and	and	CCONJ
ftr-315	143	5	hence	hence	ADV
ftr-315	143	6	carried	carry	VERB
ftr-315	143	7	interests	interest	NOUN
ftr-315	143	8	,	,	PUNCT
ftr-315	143	9	are	be	AUX
ftr-315	143	10	generally	generally	ADV
ftr-315	143	11	not	not	PART
ftr-315	143	12	subject	subject	ADJ
ftr-315	143	13	to	to	ADP
ftr-315	143	14	tax	tax	NOUN
ftr-315	143	15	upon	upon	SCONJ
ftr-315	143	16	grant	grant	NOUN
ftr-315	143	17	.	.	PUNCT
ftr-315	144	1	i	i	PRON
ftr-315	144	2	d.	d.	VERB
ftr-315	144	3	there	there	PRON
ftr-315	144	4	are	be	VERB
ftr-315	144	5	a	a	DET
ftr-315	144	6	variety	variety	NOUN
ftr-315	144	7	of	of	ADP
ftr-315	144	8	proposals	proposal	NOUN
ftr-315	144	9	to	to	PART
ftr-315	144	10	change	change	VERB
ftr-315	144	11	the	the	DET
ftr-315	144	12	tax	tax	NOUN
ftr-315	144	13	treatment	treatment	NOUN
ftr-315	144	14	of	of	ADP
ftr-315	144	15	the	the	DET
ftr-315	144	16	carried	carry	VERB
ftr-315	144	17	interest	interest	NOUN
ftr-315	144	18	,	,	PUNCT
ftr-315	144	19	and	and	CCONJ
ftr-315	144	20	these	these	PRON
ftr-315	144	21	will	will	AUX
ftr-315	144	22	be	be	AUX
ftr-315	144	23	addressed	address	VERB
ftr-315	144	24	in	in	ADP
ftr-315	144	25	part	part	NOUN
ftr-315	144	26	ii.b	ii.b	NOUN
ftr-315	144	27	.	.	PUNCT
ftr-315	145	1	infra	infra	NOUN
ftr-315	145	2	.	.	PUNCT
ftr-315	146	1	23	23	NUM
ftr-315	146	2	.	.	PUNCT
ftr-315	146	3	i.r.c	i.r.c	NOUN
ftr-315	146	4	.	.	PUNCT
ftr-315	147	1	§	§	PROPN
ftr-315	147	2	§	§	PROPN
ftr-315	147	3	702(a	702(a	PROPN
ftr-315	147	4	)	)	PUNCT
ftr-315	147	5	,	,	PUNCT
ftr-315	147	6	704	704	NUM
ftr-315	147	7	.	.	PUNCT
ftr-315	147	8	24	24	NUM
ftr-315	147	9	.	.	PUNCT
ftr-315	147	10	i.r.c	i.r.c	NOUN
ftr-315	147	11	.	.	PUNCT
ftr-315	148	1	§	§	PROPN
ftr-315	148	2	702(b	702(b	PROPN
ftr-315	148	3	)	)	PUNCT
ftr-315	148	4	.	.	PUNCT
ftr-315	149	1	10	10	NUM
ftr-315	149	2	florida	florida	PROPN
ftr-315	149	3	tax	tax	NOUN
ftr-315	149	4	review	review	NOUN
ftr-315	149	5	[	[	X
ftr-315	149	6	vol.13:1	vol.13:1	ADV
ftr-315	149	7	thus	thus	ADV
ftr-315	149	8	,	,	PUNCT
ftr-315	149	9	if	if	SCONJ
ftr-315	149	10	the	the	DET
ftr-315	149	11	fund	fund	NOUN
ftr-315	149	12	’s	’s	PART
ftr-315	149	13	income	income	NOUN
ftr-315	149	14	is	be	AUX
ftr-315	149	15	entirely	entirely	ADV
ftr-315	149	16	ltcg	ltcg	ADJ
ftr-315	149	17	(	(	PUNCT
ftr-315	149	18	as	as	SCONJ
ftr-315	149	19	is	be	AUX
ftr-315	149	20	much	much	ADJ
ftr-315	149	21	of	of	ADP
ftr-315	149	22	the	the	DET
ftr-315	149	23	income	income	NOUN
ftr-315	149	24	in	in	ADP
ftr-315	149	25	private	private	ADJ
ftr-315	149	26	equity	equity	NOUN
ftr-315	149	27	funds	fund	NOUN
ftr-315	149	28	in	in	ADP
ftr-315	149	29	particular	particular	ADJ
ftr-315	149	30	)	)	PUNCT
ftr-315	149	31	,	,	PUNCT
ftr-315	149	32	then	then	ADV
ftr-315	149	33	the	the	DET
ftr-315	149	34	manager	manager	NOUN
ftr-315	149	35	generally	generally	ADV
ftr-315	149	36	pays	pay	VERB
ftr-315	149	37	tax	tax	NOUN
ftr-315	149	38	at	at	ADP
ftr-315	149	39	long	long	ADJ
ftr-315	149	40	term	term	NOUN
ftr-315	149	41	capital	capital	NOUN
ftr-315	149	42	gains	gain	NOUN
ftr-315	149	43	rates	rate	NOUN
ftr-315	149	44	on	on	ADP
ftr-315	149	45	the	the	DET
ftr-315	149	46	income	income	NOUN
ftr-315	149	47	allocable	allocable	ADJ
ftr-315	149	48	to	to	ADP
ftr-315	149	49	the	the	DET
ftr-315	149	50	manager	manager	NOUN
ftr-315	149	51	on	on	ADP
ftr-315	149	52	account	account	NOUN
ftr-315	149	53	of	of	ADP
ftr-315	149	54	the	the	DET
ftr-315	149	55	carried	carry	VERB
ftr-315	149	56	interest.25	interest.25	PROPN
ftr-315	149	57	b.	b.	PROPN
ftr-315	149	58	legislative	legislative	ADJ
ftr-315	149	59	proposals	proposal	NOUN
ftr-315	149	60	regarding	regard	VERB
ftr-315	149	61	the	the	DET
ftr-315	149	62	taxation	taxation	NOUN
ftr-315	149	63	of	of	ADP
ftr-315	149	64	carried	carry	VERB
ftr-315	149	65	interests	interest	NOUN
ftr-315	149	66	many	many	ADJ
ftr-315	149	67	commentators	commentator	NOUN
ftr-315	149	68	criticize	criticize	VERB
ftr-315	149	69	the	the	DET
ftr-315	149	70	current	current	ADJ
ftr-315	149	71	tax	tax	NOUN
ftr-315	149	72	treatment	treatment	NOUN
ftr-315	149	73	of	of	ADP
ftr-315	149	74	carried	carry	VERB
ftr-315	149	75	interests	interest	NOUN
ftr-315	149	76	,	,	PUNCT
ftr-315	149	77	arguing	argue	VERB
ftr-315	149	78	that	that	SCONJ
ftr-315	149	79	the	the	DET
ftr-315	149	80	income	income	NOUN
ftr-315	149	81	earned	earn	VERB
ftr-315	149	82	by	by	ADP
ftr-315	149	83	the	the	DET
ftr-315	149	84	managers	manager	NOUN
ftr-315	149	85	on	on	ADP
ftr-315	149	86	account	account	NOUN
ftr-315	149	87	of	of	ADP
ftr-315	149	88	the	the	DET
ftr-315	149	89	carried	carry	VERB
ftr-315	149	90	interest	interest	NOUN
ftr-315	149	91	is	be	AUX
ftr-315	149	92	compensation	compensation	NOUN
ftr-315	149	93	for	for	ADP
ftr-315	149	94	services	service	NOUN
ftr-315	149	95	and	and	CCONJ
ftr-315	149	96	ought	ought	AUX
ftr-315	149	97	to	to	PART
ftr-315	149	98	be	be	AUX
ftr-315	149	99	taxed	tax	VERB
ftr-315	149	100	at	at	ADP
ftr-315	149	101	ordinary	ordinary	ADJ
ftr-315	149	102	income	income	NOUN
ftr-315	149	103	rates	rate	NOUN
ftr-315	149	104	like	like	ADP
ftr-315	149	105	other	other	ADJ
ftr-315	149	106	labor	labor	NOUN
ftr-315	149	107	income.26	income.26	ADJ
ftr-315	149	108	for	for	ADP
ftr-315	149	109	example	example	NOUN
ftr-315	149	110	,	,	PUNCT
ftr-315	149	111	one	one	NUM
ftr-315	149	112	of	of	ADP
ftr-315	149	113	the	the	DET
ftr-315	149	114	criticisms	criticism	NOUN
ftr-315	149	115	of	of	ADP
ftr-315	149	116	mitt	mitt	PROPN
ftr-315	149	117	romney	romney	PROPN
ftr-315	149	118	is	be	AUX
ftr-315	149	119	that	that	SCONJ
ftr-315	149	120	it	it	PRON
ftr-315	149	121	is	be	AUX
ftr-315	149	122	unfair	unfair	ADJ
ftr-315	149	123	that	that	SCONJ
ftr-315	149	124	romney	romney	NOUN
ftr-315	149	125	was	be	AUX
ftr-315	149	126	able	able	ADJ
ftr-315	149	127	to	to	PART
ftr-315	149	128	pay	pay	VERB
ftr-315	149	129	tax	tax	NOUN
ftr-315	149	130	at	at	ADP
ftr-315	149	131	capital	capital	NOUN
ftr-315	149	132	gains	gain	NOUN
ftr-315	149	133	rates	rate	NOUN
ftr-315	149	134	on	on	ADP
ftr-315	149	135	income	income	NOUN
ftr-315	149	136	earned	earn	VERB
ftr-315	149	137	as	as	ADP
ftr-315	149	138	a	a	DET
ftr-315	149	139	result	result	NOUN
ftr-315	149	140	of	of	ADP
ftr-315	149	141	his	his	PRON
ftr-315	149	142	work	work	NOUN
ftr-315	149	143	at	at	ADP
ftr-315	149	144	bain	bain	PROPN
ftr-315	149	145	capital	capital	NOUN
ftr-315	149	146	,	,	PUNCT
ftr-315	149	147	while	while	SCONJ
ftr-315	149	148	other	other	ADJ
ftr-315	149	149	people	people	NOUN
ftr-315	149	150	pay	pay	VERB
ftr-315	149	151	tax	tax	NOUN
ftr-315	149	152	on	on	ADP
ftr-315	149	153	labor	labor	NOUN
ftr-315	149	154	income	income	NOUN
ftr-315	149	155	at	at	ADP
ftr-315	149	156	higher	high	ADJ
ftr-315	149	157	ordinary	ordinary	ADJ
ftr-315	149	158	income	income	NOUN
ftr-315	149	159	tax	tax	NOUN
ftr-315	149	160	rates.27	rates.27	PROPN
ftr-315	149	161	in	in	ADP
ftr-315	149	162	response	response	NOUN
ftr-315	149	163	to	to	ADP
ftr-315	149	164	the	the	DET
ftr-315	149	165	critiques	critique	NOUN
ftr-315	149	166	of	of	ADP
ftr-315	149	167	the	the	DET
ftr-315	149	168	tax	tax	NOUN
ftr-315	149	169	treatment	treatment	NOUN
ftr-315	149	170	of	of	ADP
ftr-315	149	171	carried	carry	VERB
ftr-315	149	172	interests	interest	NOUN
ftr-315	149	173	,	,	PUNCT
ftr-315	149	174	legislators	legislator	NOUN
ftr-315	149	175	,	,	PUNCT
ftr-315	149	176	commentators	commentator	NOUN
ftr-315	149	177	,	,	PUNCT
ftr-315	149	178	and	and	CCONJ
ftr-315	149	179	most	most	ADV
ftr-315	149	180	recently	recently	ADV
ftr-315	149	181	,	,	PUNCT
ftr-315	149	182	the	the	DET
ftr-315	149	183	president	president	NOUN
ftr-315	149	184	,	,	PUNCT
ftr-315	149	185	have	have	AUX
ftr-315	149	186	put	put	VERB
ftr-315	149	187	forward	forward	ADV
ftr-315	149	188	proposals	proposal	NOUN
ftr-315	149	189	that	that	PRON
ftr-315	149	190	would	would	AUX
ftr-315	149	191	change	change	VERB
ftr-315	149	192	the	the	DET
ftr-315	149	193	tax	tax	NOUN
ftr-315	149	194	treatment	treatment	NOUN
ftr-315	149	195	of	of	ADP
ftr-315	149	196	carried	carry	VERB
ftr-315	149	197	interests.28	interests.28	NOUN
ftr-315	149	198	while	while	SCONJ
ftr-315	149	199	some	some	PRON
ftr-315	149	200	of	of	ADP
ftr-315	149	201	the	the	DET
ftr-315	149	202	details	detail	NOUN
ftr-315	149	203	vary	vary	VERB
ftr-315	149	204	from	from	ADP
ftr-315	149	205	proposal	proposal	NOUN
ftr-315	149	206	to	to	PART
ftr-315	149	207	proposal	proposal	VERB
ftr-315	149	208	,	,	PUNCT
ftr-315	149	209	the	the	DET
ftr-315	149	210	25	25	NUM
ftr-315	149	211	.	.	PUNCT
ftr-315	150	1	fund	fund	NOUN
ftr-315	150	2	managers	manager	NOUN
ftr-315	150	3	do	do	AUX
ftr-315	150	4	not	not	PART
ftr-315	150	5	always	always	ADV
ftr-315	150	6	pay	pay	VERB
ftr-315	150	7	tax	tax	NOUN
ftr-315	150	8	at	at	ADP
ftr-315	150	9	ltcg	ltcg	ADJ
ftr-315	150	10	rates	rate	NOUN
ftr-315	150	11	on	on	ADP
ftr-315	150	12	the	the	DET
ftr-315	150	13	income	income	NOUN
ftr-315	150	14	allocable	allocable	ADJ
ftr-315	150	15	to	to	ADP
ftr-315	150	16	them	they	PRON
ftr-315	150	17	on	on	ADP
ftr-315	150	18	account	account	NOUN
ftr-315	150	19	of	of	ADP
ftr-315	150	20	their	their	PRON
ftr-315	150	21	carried	carry	VERB
ftr-315	150	22	interests	interest	NOUN
ftr-315	150	23	.	.	PUNCT
ftr-315	151	1	if	if	SCONJ
ftr-315	151	2	,	,	PUNCT
ftr-315	151	3	for	for	ADP
ftr-315	151	4	example	example	NOUN
ftr-315	151	5	,	,	PUNCT
ftr-315	151	6	the	the	DET
ftr-315	151	7	fund	fund	NOUN
ftr-315	151	8	earns	earn	VERB
ftr-315	151	9	interest	interest	NOUN
ftr-315	151	10	,	,	PUNCT
ftr-315	151	11	rent	rent	NOUN
ftr-315	151	12	,	,	PUNCT
ftr-315	151	13	or	or	CCONJ
ftr-315	151	14	other	other	ADJ
ftr-315	151	15	ordinary	ordinary	ADJ
ftr-315	151	16	income	income	NOUN
ftr-315	151	17	,	,	PUNCT
ftr-315	151	18	then	then	ADV
ftr-315	151	19	the	the	DET
ftr-315	151	20	manager	manager	NOUN
ftr-315	151	21	will	will	AUX
ftr-315	151	22	pay	pay	VERB
ftr-315	151	23	tax	tax	NOUN
ftr-315	151	24	on	on	ADP
ftr-315	151	25	its	its	PRON
ftr-315	151	26	share	share	NOUN
ftr-315	151	27	of	of	ADP
ftr-315	151	28	that	that	DET
ftr-315	151	29	income	income	NOUN
ftr-315	151	30	at	at	ADP
ftr-315	151	31	ordinary	ordinary	ADJ
ftr-315	151	32	income	income	NOUN
ftr-315	151	33	rates	rate	NOUN
ftr-315	151	34	.	.	PUNCT
ftr-315	152	1	however	however	ADV
ftr-315	152	2	,	,	PUNCT
ftr-315	152	3	as	as	SCONJ
ftr-315	152	4	mentioned	mention	VERB
ftr-315	152	5	in	in	ADP
ftr-315	152	6	the	the	DET
ftr-315	152	7	introduction	introduction	NOUN
ftr-315	152	8	,	,	PUNCT
ftr-315	152	9	this	this	DET
ftr-315	152	10	article	article	NOUN
ftr-315	152	11	assumes	assume	VERB
ftr-315	152	12	that	that	SCONJ
ftr-315	152	13	the	the	DET
ftr-315	152	14	fund	fund	NOUN
ftr-315	152	15	’s	’s	PART
ftr-315	152	16	income	income	NOUN
ftr-315	152	17	consists	consist	VERB
ftr-315	152	18	largely	largely	ADV
ftr-315	152	19	of	of	ADP
ftr-315	152	20	ltcg	ltcg	ADJ
ftr-315	152	21	income	income	NOUN
ftr-315	152	22	.	.	PUNCT
ftr-315	153	1	to	to	ADP
ftr-315	153	2	the	the	DET
ftr-315	153	3	extent	extent	NOUN
ftr-315	153	4	that	that	PRON
ftr-315	153	5	fund	fund	NOUN
ftr-315	153	6	income	income	NOUN
ftr-315	153	7	allocated	allocate	VERB
ftr-315	153	8	to	to	ADP
ftr-315	153	9	the	the	DET
ftr-315	153	10	manager	manager	NOUN
ftr-315	153	11	would	would	AUX
ftr-315	153	12	be	be	AUX
ftr-315	153	13	characterized	characterize	VERB
ftr-315	153	14	as	as	ADP
ftr-315	153	15	ordinary	ordinary	ADJ
ftr-315	153	16	income	income	NOUN
ftr-315	153	17	to	to	ADP
ftr-315	153	18	the	the	DET
ftr-315	153	19	fund	fund	NOUN
ftr-315	153	20	(	(	PUNCT
ftr-315	153	21	more	more	ADV
ftr-315	153	22	common	common	ADJ
ftr-315	153	23	in	in	ADP
ftr-315	153	24	hedge	hedge	NOUN
ftr-315	153	25	funds	fund	NOUN
ftr-315	153	26	)	)	PUNCT
ftr-315	153	27	,	,	PUNCT
ftr-315	153	28	the	the	DET
ftr-315	153	29	income	income	NOUN
ftr-315	153	30	would	would	AUX
ftr-315	153	31	already	already	ADV
ftr-315	153	32	be	be	AUX
ftr-315	153	33	ordinary	ordinary	ADJ
ftr-315	153	34	income	income	NOUN
ftr-315	153	35	to	to	ADP
ftr-315	153	36	the	the	DET
ftr-315	153	37	manager	manager	NOUN
ftr-315	153	38	,	,	PUNCT
ftr-315	153	39	and	and	CCONJ
ftr-315	153	40	the	the	DET
ftr-315	153	41	carried	carry	VERB
ftr-315	153	42	interest	interest	NOUN
ftr-315	153	43	legislation	legislation	NOUN
ftr-315	153	44	would	would	AUX
ftr-315	153	45	not	not	PART
ftr-315	153	46	change	change	VERB
ftr-315	153	47	the	the	DET
ftr-315	153	48	tax	tax	NOUN
ftr-315	153	49	result	result	NOUN
ftr-315	153	50	(	(	PUNCT
ftr-315	153	51	except	except	SCONJ
ftr-315	153	52	to	to	ADP
ftr-315	153	53	the	the	DET
ftr-315	153	54	extent	extent	NOUN
ftr-315	153	55	that	that	SCONJ
ftr-315	153	56	the	the	DET
ftr-315	153	57	carried	carry	VERB
ftr-315	153	58	interest	interest	NOUN
ftr-315	153	59	legislation	legislation	NOUN
ftr-315	153	60	imposes	impose	VERB
ftr-315	153	61	employment	employment	NOUN
ftr-315	153	62	taxes	taxis	NOUN
ftr-315	153	63	on	on	ADP
ftr-315	153	64	the	the	DET
ftr-315	153	65	carry	carry	NOUN
ftr-315	153	66	)	)	PUNCT
ftr-315	153	67	.	.	PUNCT
ftr-315	154	1	see	see	VERB
ftr-315	154	2	supra	supra	PROPN
ftr-315	154	3	note	note	PROPN
ftr-315	154	4	16	16	NUM
ftr-315	154	5	.	.	PUNCT
ftr-315	155	1	26	26	NUM
ftr-315	155	2	.	.	PUNCT
ftr-315	156	1	see	see	VERB
ftr-315	156	2	,	,	PUNCT
ftr-315	156	3	e.g.	e.g.	ADV
ftr-315	156	4	,	,	PUNCT
ftr-315	156	5	fleischer	fleischer	NOUN
ftr-315	156	6	,	,	PUNCT
ftr-315	156	7	two	two	NUM
ftr-315	156	8	and	and	CCONJ
ftr-315	156	9	twenty	twenty	NUM
ftr-315	156	10	,	,	PUNCT
ftr-315	156	11	supra	supra	ADJ
ftr-315	156	12	note	note	NOUN
ftr-315	156	13	1	1	NUM
ftr-315	156	14	;	;	PUNCT
ftr-315	156	15	mark	mark	PROPN
ftr-315	156	16	p.	p.	PROPN
ftr-315	156	17	gergen	gergen	PROPN
ftr-315	156	18	,	,	PUNCT
ftr-315	156	19	reforming	reform	VERB
ftr-315	156	20	subchapter	subchapter	NOUN
ftr-315	156	21	k	k	NOUN
ftr-315	156	22	:	:	PUNCT
ftr-315	156	23	compensating	compensate	VERB
ftr-315	156	24	service	service	NOUN
ftr-315	156	25	partners	partner	NOUN
ftr-315	156	26	,	,	PUNCT
ftr-315	156	27	48	48	NUM
ftr-315	156	28	tax	tax	NOUN
ftr-315	156	29	l.	l.	PROPN
ftr-315	156	30	rev	rev	PROPN
ftr-315	156	31	.	.	PROPN
ftr-315	156	32	69	69	NUM
ftr-315	156	33	(	(	PUNCT
ftr-315	156	34	1992	1992	NUM
ftr-315	156	35	)	)	PUNCT
ftr-315	156	36	(	(	PUNCT
ftr-315	156	37	proposing	propose	VERB
ftr-315	156	38	that	that	SCONJ
ftr-315	156	39	“	"	PUNCT
ftr-315	156	40	a	a	DET
ftr-315	156	41	compensatory	compensatory	ADJ
ftr-315	156	42	allocation	allocation	NOUN
ftr-315	156	43	to	to	ADP
ftr-315	156	44	a	a	DET
ftr-315	156	45	partner	partner	NOUN
ftr-315	156	46	[	[	X
ftr-315	156	47	such	such	ADJ
ftr-315	156	48	as	as	ADP
ftr-315	156	49	an	an	DET
ftr-315	156	50	allocation	allocation	NOUN
ftr-315	156	51	on	on	ADP
ftr-315	156	52	account	account	NOUN
ftr-315	156	53	of	of	ADP
ftr-315	156	54	a	a	DET
ftr-315	156	55	carried	carry	VERB
ftr-315	156	56	interest	interest	NOUN
ftr-315	156	57	]	]	PUNCT
ftr-315	156	58	be	be	AUX
ftr-315	156	59	treated	treat	VERB
ftr-315	156	60	[	[	PUNCT
ftr-315	156	61	for	for	ADP
ftr-315	156	62	tax	tax	NOUN
ftr-315	156	63	purposes	purpose	NOUN
ftr-315	156	64	]	]	PUNCT
ftr-315	156	65	as	as	ADP
ftr-315	156	66	salary	salary	NOUN
ftr-315	156	67	paid	pay	VERB
ftr-315	156	68	by	by	ADP
ftr-315	156	69	the	the	DET
ftr-315	156	70	partnership	partnership	NOUN
ftr-315	156	71	”	"	PUNCT
ftr-315	156	72	)	)	PUNCT
ftr-315	156	73	.	.	PUNCT
ftr-315	157	1	27	27	NUM
ftr-315	157	2	.	.	X
ftr-315	158	1	see	see	VERB
ftr-315	158	2	,	,	PUNCT
ftr-315	158	3	e.g.	e.g.	ADV
ftr-315	158	4	,	,	PUNCT
ftr-315	158	5	jack	jack	PROPN
ftr-315	158	6	o.	o.	PROPN
ftr-315	158	7	nutter	nutter	PROPN
ftr-315	158	8	,	,	PUNCT
ftr-315	158	9	private	private	ADJ
ftr-315	158	10	equity	equity	NOUN
ftr-315	158	11	,	,	PUNCT
ftr-315	158	12	carried	carry	VERB
ftr-315	158	13	interest	interest	NOUN
ftr-315	158	14	and	and	CCONJ
ftr-315	158	15	mitt	mitt	PROPN
ftr-315	158	16	romney	romney	PROPN
ftr-315	158	17	(	(	PUNCT
ftr-315	158	18	jan	jan	PROPN
ftr-315	158	19	.	.	PROPN
ftr-315	158	20	18	18	NUM
ftr-315	158	21	,	,	PUNCT
ftr-315	158	22	2012	2012	NUM
ftr-315	158	23	)	)	PUNCT
ftr-315	158	24	,	,	PUNCT
ftr-315	158	25	http://www.marketwatch.com/story/private-equity-carriedinterest-and-mitt-romney-2012-01-18	http://www.marketwatch.com/story/private-equity-carriedinterest-and-mitt-romney-2012-01-18	NOUN
ftr-315	158	26	;	;	PUNCT
ftr-315	158	27	see	see	VERB
ftr-315	158	28	also	also	ADV
ftr-315	158	29	supra	supra	ADJ
ftr-315	158	30	note	note	NOUN
ftr-315	158	31	2	2	NUM
ftr-315	158	32	.	.	NOUN
ftr-315	158	33	28	28	NUM
ftr-315	158	34	.	.	PUNCT
ftr-315	159	1	see	see	VERB
ftr-315	159	2	,	,	PUNCT
ftr-315	159	3	e.g.	e.g.	ADV
ftr-315	159	4	,	,	PUNCT
ftr-315	159	5	american	american	ADJ
ftr-315	159	6	jobs	job	NOUN
ftr-315	159	7	act	act	NOUN
ftr-315	159	8	of	of	ADP
ftr-315	159	9	2011	2011	NUM
ftr-315	159	10	,	,	PUNCT
ftr-315	159	11	h.r	h.r	PROPN
ftr-315	159	12	.	.	PROPN
ftr-315	159	13	12	12	NUM
ftr-315	159	14	,	,	PUNCT
ftr-315	159	15	112th	112th	PROPN
ftr-315	159	16	cong	cong	NOUN
ftr-315	159	17	.	.	PUNCT
ftr-315	160	1	§	§	PROPN
ftr-315	160	2	412	412	NUM
ftr-315	160	3	(	(	PUNCT
ftr-315	160	4	2011	2011	NUM
ftr-315	160	5	)	)	PUNCT
ftr-315	160	6	(	(	PUNCT
ftr-315	160	7	reflecting	reflect	VERB
ftr-315	160	8	president	president	PROPN
ftr-315	160	9	obama	obama	PROPN
ftr-315	160	10	’s	’s	PART
ftr-315	160	11	proposal	proposal	NOUN
ftr-315	160	12	to	to	PART
ftr-315	160	13	tax	tax	VERB
ftr-315	160	14	100	100	NUM
ftr-315	160	15	percent	percent	NOUN
ftr-315	160	16	of	of	ADP
ftr-315	160	17	carried	carry	VERB
ftr-315	160	18	interest	interest	NOUN
ftr-315	160	19	allocations	allocation	NOUN
ftr-315	160	20	as	as	ADP
ftr-315	160	21	ordinary	ordinary	ADJ
ftr-315	160	22	income	income	NOUN
ftr-315	160	23	)	)	PUNCT
ftr-315	160	24	;	;	PUNCT
ftr-315	160	25	american	american	ADJ
ftr-315	160	26	jobs	job	NOUN
ftr-315	160	27	and	and	CCONJ
ftr-315	160	28	closing	close	VERB
ftr-315	160	29	tax	tax	NOUN
ftr-315	160	30	loopholes	loophole	NOUN
ftr-315	160	31	act	act	VERB
ftr-315	160	32	of	of	ADP
ftr-315	160	33	2010	2010	NUM
ftr-315	160	34	,	,	PUNCT
ftr-315	160	35	h.r	h.r	PROPN
ftr-315	160	36	.	.	PROPN
ftr-315	160	37	4213	4213	NUM
ftr-315	160	38	,	,	PUNCT
ftr-315	160	39	111th	111th	ADJ
ftr-315	160	40	cong	cong	NOUN
ftr-315	160	41	.	.	PUNCT
ftr-315	161	1	sess	sess	PROPN
ftr-315	161	2	.	.	PUNCT
ftr-315	162	1	§	§	PROPN
ftr-315	162	2	412	412	NUM
ftr-315	162	3	(	(	PUNCT
ftr-315	162	4	2d	2d	NOUN
ftr-315	162	5	.	.	PUNCT
ftr-315	162	6	sess	sess	PROPN
ftr-315	162	7	.	.	PUNCT
ftr-315	163	1	(	(	PUNCT
ftr-315	163	2	2010	2010	NUM
ftr-315	163	3	)	)	PUNCT
ftr-315	163	4	(	(	PUNCT
ftr-315	163	5	provision	provision	NOUN
ftr-315	163	6	passed	pass	VERB
ftr-315	163	7	by	by	ADP
ftr-315	163	8	the	the	DET
ftr-315	163	9	house	house	NOUN
ftr-315	163	10	to	to	PART
ftr-315	163	11	tax	tax	VERB
ftr-315	163	12	50–75	50–75	NUM
ftr-315	163	13	percent	percent	NOUN
ftr-315	163	14	of	of	ADP
ftr-315	163	15	carried	carry	VERB
ftr-315	163	16	interest	interest	NOUN
ftr-315	163	17	allocations	allocation	NOUN
ftr-315	163	18	as	as	ADP
ftr-315	163	19	ordinary	ordinary	ADJ
ftr-315	163	20	income	income	NOUN
ftr-315	163	21	,	,	PUNCT
ftr-315	163	22	but	but	CCONJ
ftr-315	163	23	excluded	exclude	VERB
ftr-315	163	24	from	from	ADP
ftr-315	163	25	the	the	DET
ftr-315	163	26	final	final	ADJ
ftr-315	163	27	legislation	legislation	NOUN
ftr-315	163	28	)	)	PUNCT
ftr-315	163	29	;	;	PUNCT
ftr-315	163	30	h.r	h.r	PROPN
ftr-315	163	31	.	.	PROPN
ftr-315	163	32	2834	2834	NUM
ftr-315	163	33	,	,	PUNCT
ftr-315	163	34	110th	110th	ADJ
ftr-315	163	35	cong	cong	NOUN
ftr-315	163	36	.	.	PUNCT
ftr-315	164	1	(	(	PUNCT
ftr-315	164	2	2007	2007	NUM
ftr-315	164	3	)	)	PUNCT
ftr-315	164	4	(	(	PUNCT
ftr-315	164	5	original	original	ADJ
ftr-315	164	6	proposal	proposal	NOUN
ftr-315	164	7	,	,	PUNCT
ftr-315	164	8	introduced	introduce	VERB
ftr-315	164	9	by	by	ADP
ftr-315	164	10	rep	rep	PROPN
ftr-315	164	11	.	.	PROPN
ftr-315	164	12	sander	sander	PROPN
ftr-315	164	13	m.	m.	PROPN
ftr-315	164	14	levin	levin	PROPN
ftr-315	164	15	,	,	PUNCT
ftr-315	164	16	to	to	PART
ftr-315	164	17	tax	tax	VERB
ftr-315	164	18	all	all	PRON
ftr-315	164	19	carried	carry	VERB
ftr-315	164	20	interest	interest	NOUN
ftr-315	164	21	allocations	allocation	NOUN
ftr-315	164	22	as	as	ADP
ftr-315	164	23	ordinary	ordinary	ADJ
ftr-315	164	24	income	income	NOUN
ftr-315	164	25	)	)	PUNCT
ftr-315	164	26	.	.	PUNCT
ftr-315	165	1	2012	2012	NUM
ftr-315	165	2	]	]	PUNCT
ftr-315	165	3	“	"	PUNCT
ftr-315	165	4	carried	carry	VERB
ftr-315	165	5	interest	interest	NOUN
ftr-315	165	6	”	"	PUNCT
ftr-315	165	7	tax	tax	NOUN
ftr-315	165	8	proposals	proposal	NOUN
ftr-315	165	9	11	11	NUM
ftr-315	165	10	proposals	proposal	NOUN
ftr-315	165	11	typically	typically	ADV
ftr-315	165	12	seek	seek	VERB
ftr-315	165	13	to	to	PART
ftr-315	165	14	tax	tax	VERB
ftr-315	165	15	all	all	PRON
ftr-315	165	16	or	or	CCONJ
ftr-315	165	17	part	part	NOUN
ftr-315	165	18	of	of	ADP
ftr-315	165	19	the	the	DET
ftr-315	165	20	return	return	NOUN
ftr-315	165	21	on	on	ADP
ftr-315	165	22	carried	carry	VERB
ftr-315	165	23	interests	interest	NOUN
ftr-315	165	24	as	as	ADP
ftr-315	165	25	ordinary	ordinary	ADJ
ftr-315	165	26	income	income	NOUN
ftr-315	165	27	rather	rather	ADV
ftr-315	165	28	than	than	ADP
ftr-315	165	29	capital	capital	NOUN
ftr-315	165	30	gain.29	gain.29	NOUN
ftr-315	165	31	the	the	DET
ftr-315	165	32	nuanced	nuanced	ADJ
ftr-315	165	33	differences	difference	NOUN
ftr-315	165	34	between	between	ADP
ftr-315	165	35	these	these	DET
ftr-315	165	36	proposals	proposal	NOUN
ftr-315	165	37	are	be	AUX
ftr-315	165	38	generally	generally	ADV
ftr-315	165	39	irrelevant	irrelevant	ADJ
ftr-315	165	40	for	for	ADP
ftr-315	165	41	purposes	purpose	NOUN
ftr-315	165	42	of	of	ADP
ftr-315	165	43	this	this	DET
ftr-315	165	44	article	article	NOUN
ftr-315	165	45	’s	’s	PART
ftr-315	165	46	analysis	analysis	NOUN
ftr-315	165	47	,	,	PUNCT
ftr-315	165	48	so	so	SCONJ
ftr-315	165	49	i	i	PRON
ftr-315	165	50	will	will	AUX
ftr-315	165	51	not	not	PART
ftr-315	165	52	belabor	belabor	VERB
ftr-315	165	53	those	those	DET
ftr-315	165	54	details	detail	NOUN
ftr-315	165	55	here	here	ADV
ftr-315	165	56	.	.	PUNCT
ftr-315	166	1	it	it	PRON
ftr-315	166	2	is	be	AUX
ftr-315	166	3	enough	enough	ADJ
ftr-315	166	4	,	,	PUNCT
ftr-315	166	5	for	for	ADP
ftr-315	166	6	purposes	purpose	NOUN
ftr-315	166	7	of	of	ADP
ftr-315	166	8	this	this	DET
ftr-315	166	9	article	article	NOUN
ftr-315	166	10	,	,	PUNCT
ftr-315	166	11	to	to	PART
ftr-315	166	12	know	know	VERB
ftr-315	166	13	that	that	SCONJ
ftr-315	166	14	the	the	DET
ftr-315	166	15	carried	carry	VERB
ftr-315	166	16	interest	interest	NOUN
ftr-315	166	17	proposals	proposal	NOUN
ftr-315	166	18	generally	generally	ADV
ftr-315	166	19	would	would	AUX
ftr-315	166	20	cause	cause	VERB
ftr-315	166	21	fund	fund	NOUN
ftr-315	166	22	managers	manager	NOUN
ftr-315	166	23	to	to	PART
ftr-315	166	24	be	be	AUX
ftr-315	166	25	taxed	tax	VERB
ftr-315	166	26	at	at	ADP
ftr-315	166	27	ordinary	ordinary	ADJ
ftr-315	166	28	income	income	NOUN
ftr-315	166	29	rates	rate	NOUN
ftr-315	166	30	on	on	ADP
ftr-315	166	31	some	some	PRON
ftr-315	166	32	or	or	CCONJ
ftr-315	166	33	all	all	PRON
ftr-315	166	34	of	of	ADP
ftr-315	166	35	their	their	PRON
ftr-315	166	36	share	share	NOUN
ftr-315	166	37	of	of	ADP
ftr-315	166	38	fund	fund	NOUN
ftr-315	166	39	profits	profit	NOUN
ftr-315	166	40	attributable	attributable	ADJ
ftr-315	166	41	to	to	ADP
ftr-315	166	42	the	the	DET
ftr-315	166	43	carried	carry	VERB
ftr-315	166	44	interests	interest	NOUN
ftr-315	166	45	.	.	PUNCT
ftr-315	167	1	for	for	ADP
ftr-315	167	2	funds	fund	NOUN
ftr-315	167	3	that	that	PRON
ftr-315	167	4	earn	earn	VERB
ftr-315	167	5	income	income	NOUN
ftr-315	167	6	that	that	PRON
ftr-315	167	7	is	be	AUX
ftr-315	167	8	characterized	characterize	VERB
ftr-315	167	9	as	as	ADP
ftr-315	167	10	ltcg	ltcg	NOUN
ftr-315	167	11	,	,	PUNCT
ftr-315	167	12	enactment	enactment	NOUN
ftr-315	167	13	of	of	ADP
ftr-315	167	14	any	any	PRON
ftr-315	167	15	of	of	ADP
ftr-315	167	16	these	these	DET
ftr-315	167	17	proposals	proposal	NOUN
ftr-315	167	18	would	would	AUX
ftr-315	167	19	increase	increase	VERB
ftr-315	167	20	the	the	DET
ftr-315	167	21	tax	tax	NOUN
ftr-315	167	22	rate	rate	NOUN
ftr-315	167	23	applicable	applicable	ADJ
ftr-315	167	24	to	to	PART
ftr-315	167	25	income	income	NOUN
ftr-315	167	26	allocated	allocate	VERB
ftr-315	167	27	to	to	ADP
ftr-315	167	28	the	the	DET
ftr-315	167	29	gp	gp	NOUN
ftr-315	167	30	on	on	ADP
ftr-315	167	31	account	account	NOUN
ftr-315	167	32	of	of	ADP
ftr-315	167	33	the	the	DET
ftr-315	167	34	gp	gp	NOUN
ftr-315	167	35	’s	’s	PART
ftr-315	167	36	carried	carry	VERB
ftr-315	167	37	interest	interest	NOUN
ftr-315	167	38	.	.	PUNCT
ftr-315	168	1	iii	iii	X
ftr-315	168	2	.	.	PUNCT
ftr-315	169	1	the	the	DET
ftr-315	169	2	circuitous	circuitous	ADJ
ftr-315	169	3	route	route	NOUN
ftr-315	169	4	between	between	ADP
ftr-315	169	5	increased	increase	VERB
ftr-315	169	6	taxes	taxis	NOUN
ftr-315	169	7	on	on	ADP
ftr-315	169	8	fund	fund	NOUN
ftr-315	169	9	managers	manager	NOUN
ftr-315	169	10	and	and	CCONJ
ftr-315	169	11	reduced	reduced	ADJ
ftr-315	169	12	returns	return	NOUN
ftr-315	169	13	for	for	ADP
ftr-315	169	14	fund	fund	NOUN
ftr-315	169	15	investors	investor	NOUN
ftr-315	169	16	query	query	VERB
ftr-315	169	17	how	how	SCONJ
ftr-315	169	18	an	an	DET
ftr-315	169	19	increase	increase	NOUN
ftr-315	169	20	in	in	ADP
ftr-315	169	21	the	the	DET
ftr-315	169	22	tax	tax	NOUN
ftr-315	169	23	rate	rate	NOUN
ftr-315	169	24	applicable	applicable	ADJ
ftr-315	169	25	to	to	PART
ftr-315	169	26	fund	fund	NOUN
ftr-315	169	27	managers	manager	NOUN
ftr-315	169	28	’	'	PUNCT
ftr-315	169	29	carried	carry	VERB
ftr-315	169	30	interests	interest	NOUN
ftr-315	169	31	might	might	AUX
ftr-315	169	32	affect	affect	VERB
ftr-315	169	33	fund	fund	NOUN
ftr-315	169	34	investors	investor	NOUN
ftr-315	169	35	.	.	PUNCT
ftr-315	170	1	commentators	commentator	NOUN
ftr-315	170	2	note	note	VERB
ftr-315	170	3	that	that	PRON
ftr-315	170	4	carried	carry	VERB
ftr-315	170	5	interest	interest	NOUN
ftr-315	170	6	proposals	proposal	NOUN
ftr-315	170	7	may	may	AUX
ftr-315	170	8	adversely	adversely	ADV
ftr-315	170	9	affect	affect	VERB
ftr-315	170	10	overall	overall	ADJ
ftr-315	170	11	fund	fund	NOUN
ftr-315	170	12	profits	profit	NOUN
ftr-315	170	13	,	,	PUNCT
ftr-315	170	14	in	in	ADP
ftr-315	170	15	which	which	PRON
ftr-315	170	16	investors	investor	NOUN
ftr-315	170	17	share	share	VERB
ftr-315	170	18	,	,	PUNCT
ftr-315	170	19	and	and	CCONJ
ftr-315	170	20	that	that	SCONJ
ftr-315	170	21	managers	manager	NOUN
ftr-315	170	22	may	may	AUX
ftr-315	170	23	try	try	VERB
ftr-315	170	24	to	to	PART
ftr-315	170	25	pass	pass	VERB
ftr-315	170	26	along	along	ADP
ftr-315	170	27	to	to	PART
ftr-315	170	28	fund	fund	VERB
ftr-315	170	29	investors	investor	NOUN
ftr-315	170	30	part	part	NOUN
ftr-315	170	31	of	of	ADP
ftr-315	170	32	their	their	PRON
ftr-315	170	33	increased	increase	VERB
ftr-315	170	34	tax	tax	NOUN
ftr-315	170	35	costs	cost	NOUN
ftr-315	170	36	by	by	ADP
ftr-315	170	37	,	,	PUNCT
ftr-315	170	38	for	for	ADP
ftr-315	170	39	example	example	NOUN
ftr-315	170	40	,	,	PUNCT
ftr-315	170	41	increasing	increase	VERB
ftr-315	170	42	management	management	NOUN
ftr-315	170	43	fees	fee	NOUN
ftr-315	170	44	or	or	CCONJ
ftr-315	170	45	increasing	increase	VERB
ftr-315	170	46	the	the	DET
ftr-315	170	47	carry	carry	NOUN
ftr-315	170	48	rate.30	rate.30	NOUN
ftr-315	170	49	there	there	PRON
ftr-315	170	50	is	be	VERB
ftr-315	170	51	a	a	DET
ftr-315	170	52	much	much	ADV
ftr-315	170	53	subtler	subtle	ADJ
ftr-315	170	54	reason	reason	NOUN
ftr-315	170	55	,	,	PUNCT
ftr-315	170	56	however	however	ADV
ftr-315	170	57	,	,	PUNCT
ftr-315	170	58	that	that	SCONJ
ftr-315	170	59	investors	investor	NOUN
ftr-315	170	60	may	may	AUX
ftr-315	170	61	suffer	suffer	VERB
ftr-315	170	62	reduced	reduce	VERB
ftr-315	170	63	returns	return	NOUN
ftr-315	170	64	if	if	SCONJ
ftr-315	170	65	taxes	taxis	NOUN
ftr-315	170	66	on	on	ADP
ftr-315	170	67	fund	fund	NOUN
ftr-315	170	68	managers	manager	NOUN
ftr-315	170	69	are	be	AUX
ftr-315	170	70	increased	increase	VERB
ftr-315	170	71	.	.	PUNCT
ftr-315	171	1	specifically	specifically	ADV
ftr-315	171	2	,	,	PUNCT
ftr-315	171	3	a	a	DET
ftr-315	171	4	change	change	NOUN
ftr-315	171	5	to	to	ADP
ftr-315	171	6	the	the	DET
ftr-315	171	7	tax	tax	NOUN
ftr-315	171	8	treatment	treatment	NOUN
ftr-315	171	9	of	of	ADP
ftr-315	171	10	carried	carry	VERB
ftr-315	171	11	interests	interest	NOUN
ftr-315	171	12	changes	change	VERB
ftr-315	171	13	the	the	DET
ftr-315	171	14	economic	economic	ADJ
ftr-315	171	15	relationships	relationship	NOUN
ftr-315	171	16	that	that	PRON
ftr-315	171	17	managers	manager	NOUN
ftr-315	171	18	and	and	CCONJ
ftr-315	171	19	investors	investor	NOUN
ftr-315	171	20	intended	intend	VERB
ftr-315	171	21	to	to	PART
ftr-315	171	22	create	create	VERB
ftr-315	171	23	under	under	ADP
ftr-315	171	24	their	their	PRON
ftr-315	171	25	fund	fund	NOUN
ftr-315	171	26	agreements	agreement	NOUN
ftr-315	171	27	.	.	PUNCT
ftr-315	172	1	under	under	ADP
ftr-315	172	2	clawback	clawback	NOUN
ftr-315	172	3	provisions	provision	NOUN
ftr-315	172	4	and	and	CCONJ
ftr-315	172	5	tax	tax	NOUN
ftr-315	172	6	distribution	distribution	NOUN
ftr-315	172	7	provisions	provision	NOUN
ftr-315	172	8	,	,	PUNCT
ftr-315	172	9	both	both	PRON
ftr-315	172	10	of	of	ADP
ftr-315	172	11	which	which	PRON
ftr-315	172	12	are	be	AUX
ftr-315	172	13	commonly	commonly	ADV
ftr-315	172	14	found	find	VERB
ftr-315	172	15	in	in	ADP
ftr-315	172	16	fund	fund	NOUN
ftr-315	172	17	agreements	agreement	NOUN
ftr-315	172	18	,	,	PUNCT
ftr-315	172	19	an	an	DET
ftr-315	172	20	increase	increase	NOUN
ftr-315	172	21	in	in	ADP
ftr-315	172	22	the	the	DET
ftr-315	172	23	tax	tax	NOUN
ftr-315	172	24	rate	rate	NOUN
ftr-315	172	25	applicable	applicable	ADJ
ftr-315	172	26	to	to	ADP
ftr-315	172	27	managers	manager	NOUN
ftr-315	172	28	’	'	PUNCT
ftr-315	172	29	carried	carry	VERB
ftr-315	172	30	interests	interest	NOUN
ftr-315	172	31	can	can	AUX
ftr-315	172	32	(	(	PUNCT
ftr-315	172	33	unless	unless	SCONJ
ftr-315	172	34	the	the	DET
ftr-315	172	35	fund	fund	NOUN
ftr-315	172	36	agreements	agreement	NOUN
ftr-315	172	37	are	be	AUX
ftr-315	172	38	changed	change	VERB
ftr-315	172	39	in	in	ADP
ftr-315	172	40	response	response	NOUN
ftr-315	172	41	to	to	ADP
ftr-315	172	42	a	a	DET
ftr-315	172	43	change	change	NOUN
ftr-315	172	44	in	in	ADP
ftr-315	172	45	the	the	DET
ftr-315	172	46	tax	tax	NOUN
ftr-315	172	47	treatment	treatment	NOUN
ftr-315	172	48	of	of	ADP
ftr-315	172	49	carried	carry	VERB
ftr-315	172	50	interests)31	interests)31	ADJ
ftr-315	172	51	increase	increase	VERB
ftr-315	172	52	the	the	DET
ftr-315	172	53	risk	risk	NOUN
ftr-315	172	54	that	that	SCONJ
ftr-315	172	55	the	the	DET
ftr-315	172	56	economic	economic	ADJ
ftr-315	172	57	burden	burden	NOUN
ftr-315	172	58	of	of	ADP
ftr-315	172	59	losses	loss	NOUN
ftr-315	172	60	will	will	AUX
ftr-315	172	61	be	be	AUX
ftr-315	172	62	shifted	shift	VERB
ftr-315	172	63	from	from	ADP
ftr-315	172	64	the	the	DET
ftr-315	172	65	managers	manager	NOUN
ftr-315	172	66	to	to	ADP
ftr-315	172	67	the	the	DET
ftr-315	172	68	investors	investor	NOUN
ftr-315	172	69	without	without	ADP
ftr-315	172	70	compensation	compensation	NOUN
ftr-315	172	71	,	,	PUNCT
ftr-315	172	72	lead	lead	VERB
ftr-315	172	73	managers	manager	NOUN
ftr-315	172	74	to	to	PART
ftr-315	172	75	take	take	VERB
ftr-315	172	76	more	more	ADJ
ftr-315	172	77	29	29	NUM
ftr-315	172	78	.	.	PUNCT
ftr-315	173	1	see	see	VERB
ftr-315	173	2	supra	supra	PROPN
ftr-315	173	3	note	note	PROPN
ftr-315	173	4	28	28	NUM
ftr-315	173	5	.	.	PUNCT
ftr-315	174	1	the	the	DET
ftr-315	174	2	proposals	proposal	NOUN
ftr-315	174	3	changed	change	VERB
ftr-315	174	4	over	over	ADP
ftr-315	174	5	time	time	NOUN
ftr-315	174	6	to	to	PART
ftr-315	174	7	address	address	VERB
ftr-315	174	8	comments	comment	NOUN
ftr-315	174	9	,	,	PUNCT
ftr-315	174	10	to	to	PART
ftr-315	174	11	incorporate	incorporate	VERB
ftr-315	174	12	technical	technical	ADJ
ftr-315	174	13	modifications	modification	NOUN
ftr-315	174	14	,	,	PUNCT
ftr-315	174	15	and	and	CCONJ
ftr-315	174	16	to	to	PART
ftr-315	174	17	reflect	reflect	VERB
ftr-315	174	18	attempts	attempt	NOUN
ftr-315	174	19	at	at	ADP
ftr-315	174	20	compromise	compromise	NOUN
ftr-315	174	21	.	.	PUNCT
ftr-315	175	1	however	however	ADV
ftr-315	175	2	,	,	PUNCT
ftr-315	175	3	the	the	DET
ftr-315	175	4	proposals	proposal	NOUN
ftr-315	175	5	generally	generally	ADV
ftr-315	175	6	reflect	reflect	VERB
ftr-315	175	7	the	the	DET
ftr-315	175	8	basic	basic	ADJ
ftr-315	175	9	concept	concept	NOUN
ftr-315	175	10	of	of	ADP
ftr-315	175	11	taxing	tax	VERB
ftr-315	175	12	at	at	ADP
ftr-315	175	13	least	least	ADJ
ftr-315	175	14	some	some	PRON
ftr-315	175	15	portion	portion	NOUN
ftr-315	175	16	of	of	ADP
ftr-315	175	17	carried	carry	VERB
ftr-315	175	18	interest	interest	NOUN
ftr-315	175	19	allocations	allocation	NOUN
ftr-315	175	20	as	as	ADP
ftr-315	175	21	ordinary	ordinary	ADJ
ftr-315	175	22	income	income	NOUN
ftr-315	175	23	.	.	PUNCT
ftr-315	176	1	30	30	NUM
ftr-315	176	2	.	.	PUNCT
ftr-315	177	1	see	see	VERB
ftr-315	177	2	supra	supra	PROPN
ftr-315	177	3	notes	note	NOUN
ftr-315	177	4	5	5	NUM
ftr-315	177	5	&	&	CCONJ
ftr-315	177	6	6	6	NUM
ftr-315	177	7	.	.	NOUN
ftr-315	177	8	31	31	NUM
ftr-315	177	9	.	.	PUNCT
ftr-315	178	1	the	the	DET
ftr-315	178	2	analysis	analysis	NOUN
ftr-315	178	3	in	in	ADP
ftr-315	178	4	this	this	DET
ftr-315	178	5	article	article	NOUN
ftr-315	178	6	assumes	assume	VERB
ftr-315	178	7	that	that	SCONJ
ftr-315	178	8	the	the	DET
ftr-315	178	9	carry	carry	NOUN
ftr-315	178	10	,	,	PUNCT
ftr-315	178	11	clawback	clawback	NOUN
ftr-315	178	12	,	,	PUNCT
ftr-315	178	13	and	and	CCONJ
ftr-315	178	14	tax	tax	NOUN
ftr-315	178	15	distribution	distribution	NOUN
ftr-315	178	16	provisions	provision	NOUN
ftr-315	178	17	of	of	ADP
ftr-315	178	18	fund	fund	NOUN
ftr-315	178	19	agreements	agreement	NOUN
ftr-315	178	20	are	be	AUX
ftr-315	178	21	not	not	PART
ftr-315	178	22	changed	change	VERB
ftr-315	178	23	in	in	ADP
ftr-315	178	24	response	response	NOUN
ftr-315	178	25	to	to	ADP
ftr-315	178	26	the	the	DET
ftr-315	178	27	change	change	NOUN
ftr-315	178	28	in	in	ADP
ftr-315	178	29	the	the	DET
ftr-315	178	30	tax	tax	NOUN
ftr-315	178	31	treatment	treatment	NOUN
ftr-315	178	32	of	of	ADP
ftr-315	178	33	carried	carry	VERB
ftr-315	178	34	interests	interest	NOUN
ftr-315	178	35	.	.	PUNCT
ftr-315	179	1	this	this	DET
ftr-315	179	2	assumption	assumption	NOUN
ftr-315	179	3	enables	enable	VERB
ftr-315	179	4	the	the	DET
ftr-315	179	5	article	article	NOUN
ftr-315	179	6	to	to	PART
ftr-315	179	7	explain	explain	VERB
ftr-315	179	8	the	the	DET
ftr-315	179	9	harms	harm	NOUN
ftr-315	179	10	that	that	PRON
ftr-315	179	11	could	could	AUX
ftr-315	179	12	befall	befall	VERB
ftr-315	179	13	investors	investor	NOUN
ftr-315	179	14	if	if	SCONJ
ftr-315	179	15	the	the	DET
ftr-315	179	16	taxation	taxation	NOUN
ftr-315	179	17	of	of	ADP
ftr-315	179	18	carried	carry	VERB
ftr-315	179	19	interests	interest	NOUN
ftr-315	179	20	is	be	AUX
ftr-315	179	21	changed	change	VERB
ftr-315	179	22	and	and	CCONJ
ftr-315	179	23	investors	investor	NOUN
ftr-315	179	24	indeed	indeed	ADV
ftr-315	179	25	fail	fail	VERB
ftr-315	179	26	to	to	PART
ftr-315	179	27	negotiate	negotiate	VERB
ftr-315	179	28	for	for	ADP
ftr-315	179	29	changes	change	NOUN
ftr-315	179	30	to	to	ADP
ftr-315	179	31	these	these	DET
ftr-315	179	32	fund	fund	NOUN
ftr-315	179	33	agreements	agreement	NOUN
ftr-315	179	34	.	.	PUNCT
ftr-315	180	1	in	in	ADP
ftr-315	180	2	response	response	NOUN
ftr-315	180	3	to	to	ADP
ftr-315	180	4	these	these	DET
ftr-315	180	5	potential	potential	ADJ
ftr-315	180	6	adverse	adverse	ADJ
ftr-315	180	7	consequences	consequence	NOUN
ftr-315	180	8	,	,	PUNCT
ftr-315	180	9	this	this	DET
ftr-315	180	10	article	article	NOUN
ftr-315	180	11	makes	make	VERB
ftr-315	180	12	recommendations	recommendation	NOUN
ftr-315	180	13	about	about	ADP
ftr-315	180	14	how	how	SCONJ
ftr-315	180	15	investors	investor	NOUN
ftr-315	180	16	might	might	AUX
ftr-315	180	17	want	want	VERB
ftr-315	180	18	to	to	PART
ftr-315	180	19	change	change	VERB
ftr-315	180	20	the	the	DET
ftr-315	180	21	fund	fund	NOUN
ftr-315	180	22	agreements	agreement	NOUN
ftr-315	180	23	.	.	PUNCT
ftr-315	181	1	12	12	NUM
ftr-315	181	2	florida	florida	PROPN
ftr-315	181	3	tax	tax	NOUN
ftr-315	181	4	review	review	NOUN
ftr-315	181	5	[	[	X
ftr-315	181	6	vol.13:1	vol.13:1	ADJ
ftr-315	181	7	risk	risk	NOUN
ftr-315	181	8	than	than	SCONJ
ftr-315	181	9	they	they	PRON
ftr-315	181	10	take	take	VERB
ftr-315	181	11	now	now	ADV
ftr-315	181	12	,	,	PUNCT
ftr-315	181	13	otherwise	otherwise	ADV
ftr-315	181	14	erode	erode	VERB
ftr-315	181	15	the	the	DET
ftr-315	181	16	alignment	alignment	NOUN
ftr-315	181	17	of	of	ADP
ftr-315	181	18	manager	manager	NOUN
ftr-315	181	19	/	/	SYM
ftr-315	181	20	investor	investor	NOUN
ftr-315	181	21	incentives	incentive	NOUN
ftr-315	181	22	,	,	PUNCT
ftr-315	181	23	and	and	CCONJ
ftr-315	181	24	delay	delay	VERB
ftr-315	181	25	the	the	DET
ftr-315	181	26	return	return	NOUN
ftr-315	181	27	of	of	ADP
ftr-315	181	28	investor	investor	NOUN
ftr-315	181	29	capital	capital	NOUN
ftr-315	181	30	contributions	contribution	NOUN
ftr-315	181	31	,	,	PUNCT
ftr-315	181	32	thereby	thereby	ADV
ftr-315	181	33	imposing	impose	VERB
ftr-315	181	34	a	a	DET
ftr-315	181	35	time	time	NOUN
ftr-315	181	36	-	-	PUNCT
ftr-315	181	37	value	value	NOUN
ftr-315	181	38	-	-	PUNCT
ftr-315	181	39	of	of	ADP
ftr-315	181	40	-	-	PUNCT
ftr-315	181	41	money	money	NOUN
ftr-315	181	42	cost	cost	NOUN
ftr-315	181	43	on	on	ADP
ftr-315	181	44	the	the	DET
ftr-315	181	45	investors	investor	NOUN
ftr-315	181	46	.	.	PUNCT
ftr-315	182	1	these	these	DET
ftr-315	182	2	consequences	consequence	NOUN
ftr-315	182	3	may	may	AUX
ftr-315	182	4	be	be	AUX
ftr-315	182	5	surprising	surprising	ADJ
ftr-315	182	6	because	because	SCONJ
ftr-315	182	7	they	they	PRON
ftr-315	182	8	arise	arise	VERB
ftr-315	182	9	indirectly	indirectly	ADV
ftr-315	182	10	,	,	PUNCT
ftr-315	182	11	largely	largely	ADV
ftr-315	182	12	as	as	ADP
ftr-315	182	13	a	a	DET
ftr-315	182	14	result	result	NOUN
ftr-315	182	15	of	of	ADP
ftr-315	182	16	the	the	DET
ftr-315	182	17	way	way	NOUN
ftr-315	182	18	taxes	taxis	NOUN
ftr-315	182	19	affect	affect	VERB
ftr-315	182	20	the	the	DET
ftr-315	182	21	operation	operation	NOUN
ftr-315	182	22	of	of	ADP
ftr-315	182	23	common	common	ADJ
ftr-315	182	24	fund	fund	NOUN
ftr-315	182	25	agreement	agreement	NOUN
ftr-315	182	26	provisions	provision	NOUN
ftr-315	182	27	.	.	PUNCT
ftr-315	183	1	if	if	SCONJ
ftr-315	183	2	,	,	PUNCT
ftr-315	183	3	however	however	ADV
ftr-315	183	4	,	,	PUNCT
ftr-315	183	5	fund	fund	NOUN
ftr-315	183	6	investors	investor	NOUN
ftr-315	183	7	appreciate	appreciate	VERB
ftr-315	183	8	how	how	SCONJ
ftr-315	183	9	they	they	PRON
ftr-315	183	10	can	can	AUX
ftr-315	183	11	be	be	AUX
ftr-315	183	12	adversely	adversely	ADV
ftr-315	183	13	affected	affect	VERB
ftr-315	183	14	by	by	ADP
ftr-315	183	15	legislation	legislation	NOUN
ftr-315	183	16	that	that	PRON
ftr-315	183	17	is	be	AUX
ftr-315	183	18	nominally	nominally	ADV
ftr-315	183	19	targeted	target	VERB
ftr-315	183	20	at	at	ADP
ftr-315	183	21	fund	fund	NOUN
ftr-315	183	22	managers	manager	NOUN
ftr-315	183	23	,	,	PUNCT
ftr-315	183	24	fund	fund	NOUN
ftr-315	183	25	investors	investor	NOUN
ftr-315	183	26	can	can	AUX
ftr-315	183	27	better	well	ADV
ftr-315	183	28	protect	protect	VERB
ftr-315	183	29	themselves	themselves	PRON
ftr-315	183	30	from	from	ADP
ftr-315	183	31	harm	harm	NOUN
ftr-315	183	32	by	by	ADP
ftr-315	183	33	paying	pay	VERB
ftr-315	183	34	careful	careful	ADJ
ftr-315	183	35	attention	attention	NOUN
ftr-315	183	36	to	to	ADP
ftr-315	183	37	,	,	PUNCT
ftr-315	183	38	and	and	CCONJ
ftr-315	183	39	negotiating	negotiate	VERB
ftr-315	183	40	about	about	ADP
ftr-315	183	41	,	,	PUNCT
ftr-315	183	42	the	the	DET
ftr-315	183	43	clawback	clawback	NOUN
ftr-315	183	44	provisions	provision	NOUN
ftr-315	183	45	and	and	CCONJ
ftr-315	183	46	the	the	DET
ftr-315	183	47	tax	tax	NOUN
ftr-315	183	48	distribution	distribution	NOUN
ftr-315	183	49	provisions	provision	NOUN
ftr-315	183	50	in	in	ADP
ftr-315	183	51	fund	fund	NOUN
ftr-315	183	52	agreements	agreement	NOUN
ftr-315	183	53	.	.	PUNCT
ftr-315	184	1	this	this	DET
ftr-315	184	2	section	section	NOUN
ftr-315	184	3	addresses	address	VERB
ftr-315	184	4	both	both	DET
ftr-315	184	5	provisions	provision	NOUN
ftr-315	184	6	,	,	PUNCT
ftr-315	184	7	and	and	CCONJ
ftr-315	184	8	for	for	ADP
ftr-315	184	9	each	each	DET
ftr-315	184	10	provision	provision	NOUN
ftr-315	184	11	,	,	PUNCT
ftr-315	184	12	explains	explain	VERB
ftr-315	184	13	the	the	DET
ftr-315	184	14	provision	provision	NOUN
ftr-315	184	15	,	,	PUNCT
ftr-315	184	16	the	the	DET
ftr-315	184	17	risks	risk	NOUN
ftr-315	184	18	to	to	ADP
ftr-315	184	19	investors	investor	NOUN
ftr-315	184	20	that	that	PRON
ftr-315	184	21	could	could	AUX
ftr-315	184	22	arise	arise	VERB
ftr-315	184	23	from	from	ADP
ftr-315	184	24	the	the	DET
ftr-315	184	25	provision	provision	NOUN
ftr-315	184	26	if	if	SCONJ
ftr-315	184	27	taxes	taxis	NOUN
ftr-315	184	28	on	on	ADP
ftr-315	184	29	carried	carry	VERB
ftr-315	184	30	interests	interest	NOUN
ftr-315	184	31	increase	increase	NOUN
ftr-315	184	32	,	,	PUNCT
ftr-315	184	33	and	and	CCONJ
ftr-315	184	34	the	the	DET
ftr-315	184	35	potential	potential	ADJ
ftr-315	184	36	investor	investor	NOUN
ftr-315	184	37	responses	response	NOUN
ftr-315	184	38	.	.	PUNCT
ftr-315	185	1	clawback	clawback	NOUN
ftr-315	185	2	provisions	provision	NOUN
ftr-315	185	3	,	,	PUNCT
ftr-315	185	4	which	which	PRON
ftr-315	185	5	create	create	VERB
ftr-315	185	6	the	the	DET
ftr-315	185	7	more	more	ADV
ftr-315	185	8	complex	complex	ADJ
ftr-315	185	9	and	and	CCONJ
ftr-315	185	10	likely	likely	ADV
ftr-315	185	11	more	more	ADV
ftr-315	185	12	problematic	problematic	ADJ
ftr-315	185	13	consequences	consequence	NOUN
ftr-315	185	14	for	for	ADP
ftr-315	185	15	fund	fund	NOUN
ftr-315	185	16	investors	investor	NOUN
ftr-315	185	17	,	,	PUNCT
ftr-315	185	18	are	be	AUX
ftr-315	185	19	examined	examine	VERB
ftr-315	185	20	first	first	ADV
ftr-315	185	21	.	.	PUNCT
ftr-315	186	1	then	then	ADV
ftr-315	186	2	,	,	PUNCT
ftr-315	186	3	this	this	DET
ftr-315	186	4	section	section	NOUN
ftr-315	186	5	discusses	discuss	VERB
ftr-315	186	6	tax	tax	NOUN
ftr-315	186	7	distribution	distribution	NOUN
ftr-315	186	8	provisions	provision	NOUN
ftr-315	186	9	,	,	PUNCT
ftr-315	186	10	which	which	PRON
ftr-315	186	11	can	can	AUX
ftr-315	186	12	also	also	ADV
ftr-315	186	13	adversely	adversely	ADV
ftr-315	186	14	affect	affect	VERB
ftr-315	186	15	investors	investor	NOUN
ftr-315	186	16	if	if	SCONJ
ftr-315	186	17	tax	tax	NOUN
ftr-315	186	18	rates	rate	NOUN
ftr-315	186	19	on	on	ADP
ftr-315	186	20	carried	carry	VERB
ftr-315	186	21	interests	interest	NOUN
ftr-315	186	22	increase	increase	NOUN
ftr-315	186	23	.	.	PUNCT
ftr-315	187	1	a.	a.	NOUN
ftr-315	187	2	clawback	clawback	NOUN
ftr-315	187	3	provisions	provision	NOUN
ftr-315	187	4	to	to	ADP
ftr-315	187	5	the	the	DET
ftr-315	187	6	extent	extent	NOUN
ftr-315	187	7	that	that	SCONJ
ftr-315	187	8	the	the	DET
ftr-315	187	9	fund	fund	NOUN
ftr-315	187	10	makes	make	VERB
ftr-315	187	11	any	any	DET
ftr-315	187	12	carry	carry	NOUN
ftr-315	187	13	distributions	distribution	NOUN
ftr-315	187	14	to	to	ADP
ftr-315	187	15	the	the	DET
ftr-315	187	16	gp	gp	NOUN
ftr-315	187	17	during	during	ADP
ftr-315	187	18	the	the	DET
ftr-315	187	19	life	life	NOUN
ftr-315	187	20	of	of	ADP
ftr-315	187	21	the	the	DET
ftr-315	187	22	fund	fund	NOUN
ftr-315	187	23	,	,	PUNCT
ftr-315	187	24	fund	fund	NOUN
ftr-315	187	25	agreements	agreement	NOUN
ftr-315	187	26	typically	typically	ADV
ftr-315	187	27	include	include	VERB
ftr-315	187	28	some	some	DET
ftr-315	187	29	type	type	NOUN
ftr-315	187	30	of	of	ADP
ftr-315	187	31	clawback	clawback	NOUN
ftr-315	187	32	provision	provision	NOUN
ftr-315	187	33	in	in	ADP
ftr-315	187	34	order	order	NOUN
ftr-315	187	35	to	to	PART
ftr-315	187	36	recoup	recoup	VERB
ftr-315	187	37	excess	excess	ADJ
ftr-315	187	38	distributions	distribution	NOUN
ftr-315	187	39	of	of	ADP
ftr-315	187	40	carry	carry	NOUN
ftr-315	187	41	to	to	ADP
ftr-315	187	42	the	the	DET
ftr-315	187	43	gp.32	gp.32	NOUN
ftr-315	187	44	the	the	DET
ftr-315	187	45	efficacy	efficacy	NOUN
ftr-315	187	46	and	and	CCONJ
ftr-315	187	47	impact	impact	NOUN
ftr-315	187	48	of	of	ADP
ftr-315	187	49	clawback	clawback	NOUN
ftr-315	187	50	provisions33	provisions33	NOUN
ftr-315	187	51	can	can	AUX
ftr-315	187	52	change	change	VERB
ftr-315	187	53	if	if	SCONJ
ftr-315	187	54	tax	tax	NOUN
ftr-315	187	55	rates	rate	NOUN
ftr-315	187	56	on	on	ADP
ftr-315	187	57	the	the	DET
ftr-315	187	58	gp	gp	NOUN
ftr-315	187	59	’s	’s	PART
ftr-315	187	60	carry	carry	NOUN
ftr-315	187	61	increase	increase	NOUN
ftr-315	187	62	,	,	PUNCT
ftr-315	187	63	and	and	CCONJ
ftr-315	187	64	lps	lps	PROPN
ftr-315	187	65	should	should	AUX
ftr-315	187	66	be	be	AUX
ftr-315	187	67	sensitive	sensitive	ADJ
ftr-315	187	68	to	to	ADP
ftr-315	187	69	these	these	DET
ftr-315	187	70	potential	potential	ADJ
ftr-315	187	71	changes	change	NOUN
ftr-315	187	72	particularly	particularly	ADV
ftr-315	187	73	given	give	VERB
ftr-315	187	74	that	that	SCONJ
ftr-315	187	75	many	many	ADJ
ftr-315	187	76	lps	lps	PROPN
ftr-315	187	77	consider	consider	VERB
ftr-315	187	78	clawbacks	clawback	NOUN
ftr-315	187	79	to	to	PART
ftr-315	187	80	be	be	AUX
ftr-315	187	81	among	among	ADP
ftr-315	187	82	the	the	DET
ftr-315	187	83	most	most	ADV
ftr-315	187	84	important	important	ADJ
ftr-315	187	85	economic	economic	ADJ
ftr-315	187	86	provisions	provision	NOUN
ftr-315	187	87	in	in	ADP
ftr-315	187	88	the	the	DET
ftr-315	187	89	fund	fund	NOUN
ftr-315	187	90	agreement.34	agreement.34	NOUN
ftr-315	187	91	this	this	DET
ftr-315	187	92	section	section	NOUN
ftr-315	187	93	explains	explain	VERB
ftr-315	187	94	how	how	SCONJ
ftr-315	187	95	clawback	clawback	NOUN
ftr-315	187	96	provisions	provision	NOUN
ftr-315	187	97	can	can	AUX
ftr-315	187	98	help	help	VERB
ftr-315	187	99	protect	protect	VERB
ftr-315	187	100	lps	lps	PROPN
ftr-315	187	101	in	in	ADP
ftr-315	187	102	general	general	ADJ
ftr-315	187	103	,	,	PUNCT
ftr-315	187	104	and	and	CCONJ
ftr-315	187	105	how	how	SCONJ
ftr-315	187	106	the	the	DET
ftr-315	187	107	operation	operation	NOUN
ftr-315	187	108	of	of	ADP
ftr-315	187	109	a	a	DET
ftr-315	187	110	clawback	clawback	NOUN
ftr-315	187	111	provision	provision	NOUN
ftr-315	187	112	is	be	AUX
ftr-315	187	113	affected	affect	VERB
ftr-315	187	114	by	by	ADP
ftr-315	187	115	taxes	taxis	NOUN
ftr-315	187	116	on	on	ADP
ftr-315	187	117	the	the	DET
ftr-315	187	118	gp	gp	NOUN
ftr-315	187	119	’s	’s	PART
ftr-315	187	120	carry	carry	NOUN
ftr-315	187	121	.	.	PUNCT
ftr-315	188	1	then	then	ADV
ftr-315	188	2	,	,	PUNCT
ftr-315	188	3	with	with	ADP
ftr-315	188	4	this	this	DET
ftr-315	188	5	background	background	NOUN
ftr-315	188	6	,	,	PUNCT
ftr-315	188	7	this	this	DET
ftr-315	188	8	section	section	NOUN
ftr-315	188	9	analyzes	analyze	VERB
ftr-315	188	10	how	how	SCONJ
ftr-315	188	11	and	and	CCONJ
ftr-315	188	12	to	to	ADP
ftr-315	188	13	what	what	DET
ftr-315	188	14	extent	extent	NOUN
ftr-315	188	15	an	an	DET
ftr-315	188	16	increase	increase	NOUN
ftr-315	188	17	in	in	ADP
ftr-315	188	18	the	the	DET
ftr-315	188	19	tax	tax	NOUN
ftr-315	188	20	rate	rate	NOUN
ftr-315	188	21	applicable	applicable	ADJ
ftr-315	188	22	to	to	ADP
ftr-315	188	23	the	the	DET
ftr-315	188	24	gp	gp	NOUN
ftr-315	188	25	’s	’s	PART
ftr-315	188	26	carry	carry	NOUN
ftr-315	188	27	can	can	AUX
ftr-315	188	28	exacerbate	exacerbate	VERB
ftr-315	188	29	the	the	DET
ftr-315	188	30	possibility	possibility	NOUN
ftr-315	188	31	of	of	ADP
ftr-315	188	32	shifting	shift	VERB
ftr-315	188	33	losses	loss	NOUN
ftr-315	188	34	from	from	ADP
ftr-315	188	35	the	the	DET
ftr-315	188	36	gp	gp	NOUN
ftr-315	188	37	to	to	ADP
ftr-315	188	38	the	the	DET
ftr-315	188	39	lp	lp	NOUN
ftr-315	188	40	and	and	CCONJ
ftr-315	188	41	the	the	DET
ftr-315	188	42	possibility	possibility	NOUN
ftr-315	188	43	that	that	SCONJ
ftr-315	188	44	the	the	DET
ftr-315	188	45	gp	gp	NOUN
ftr-315	188	46	will	will	AUX
ftr-315	188	47	be	be	AUX
ftr-315	188	48	incentivized	incentivize	VERB
ftr-315	188	49	to	to	PART
ftr-315	188	50	take	take	VERB
ftr-315	188	51	increased	increase	VERB
ftr-315	188	52	risk	risk	NOUN
ftr-315	188	53	.	.	PUNCT
ftr-315	189	1	32	32	NUM
ftr-315	189	2	.	.	PUNCT
ftr-315	190	1	see	see	VERB
ftr-315	190	2	needham	needham	PROPN
ftr-315	190	3	,	,	PUNCT
ftr-315	190	4	private	private	ADJ
ftr-315	190	5	equity	equity	NOUN
ftr-315	190	6	funds	fund	NOUN
ftr-315	190	7	,	,	PUNCT
ftr-315	190	8	supra	supra	PROPN
ftr-315	190	9	note	note	PROPN
ftr-315	190	10	17	17	NUM
ftr-315	190	11	,	,	PUNCT
ftr-315	190	12	at	at	ADP
ftr-315	190	13	iii.b.4	iii.b.4	PROPN
ftr-315	190	14	.	.	PUNCT
ftr-315	191	1	(	(	PUNCT
ftr-315	191	2	discussing	discuss	VERB
ftr-315	191	3	clawbacks	clawback	NOUN
ftr-315	191	4	)	)	PUNCT
ftr-315	191	5	and	and	CCONJ
ftr-315	191	6	worksheet	worksheet	NOUN
ftr-315	191	7	3	3	NUM
ftr-315	191	8	(	(	PUNCT
ftr-315	191	9	providing	provide	VERB
ftr-315	191	10	language	language	NOUN
ftr-315	191	11	for	for	ADP
ftr-315	191	12	a	a	DET
ftr-315	191	13	sample	sample	NOUN
ftr-315	191	14	clawback	clawback	NOUN
ftr-315	191	15	provision	provision	NOUN
ftr-315	191	16	)	)	PUNCT
ftr-315	191	17	;	;	PUNCT
ftr-315	191	18	levin	levin	PROPN
ftr-315	191	19	,	,	PUNCT
ftr-315	191	20	venture	venture	NOUN
ftr-315	191	21	capital	capital	NOUN
ftr-315	191	22	,	,	PUNCT
ftr-315	191	23	supra	supra	PROPN
ftr-315	191	24	note	note	PROPN
ftr-315	191	25	14	14	NUM
ftr-315	191	26	,	,	PUNCT
ftr-315	191	27	at	at	ADP
ftr-315	191	28	¶	¶	PROPN
ftr-315	191	29	1003.2–.4	1003.2–.4	NUM
ftr-315	191	30	.	.	PUNCT
ftr-315	192	1	33	33	NUM
ftr-315	192	2	.	.	PUNCT
ftr-315	193	1	admittedly	admittedly	ADV
ftr-315	193	2	,	,	PUNCT
ftr-315	193	3	clawback	clawback	NOUN
ftr-315	193	4	provisions	provision	NOUN
ftr-315	193	5	may	may	AUX
ftr-315	193	6	not	not	PART
ftr-315	193	7	work	work	VERB
ftr-315	193	8	perfectly	perfectly	ADV
ftr-315	193	9	now	now	ADV
ftr-315	193	10	to	to	PART
ftr-315	193	11	protect	protect	VERB
ftr-315	193	12	lps	lps	PROPN
ftr-315	193	13	from	from	ADP
ftr-315	193	14	potential	potential	ADJ
ftr-315	193	15	over	over	ADP
ftr-315	193	16	-	-	PUNCT
ftr-315	193	17	distributions	distribution	NOUN
ftr-315	193	18	to	to	PART
ftr-315	193	19	gps	gps	VERB
ftr-315	193	20	.	.	PUNCT
ftr-315	194	1	this	this	PRON
ftr-315	194	2	is	be	AUX
ftr-315	194	3	particularly	particularly	ADV
ftr-315	194	4	true	true	ADJ
ftr-315	194	5	if	if	SCONJ
ftr-315	194	6	no	no	DET
ftr-315	194	7	portion	portion	NOUN
ftr-315	194	8	of	of	ADP
ftr-315	194	9	the	the	DET
ftr-315	194	10	gp	gp	NOUN
ftr-315	194	11	’s	’s	PART
ftr-315	194	12	carry	carry	NOUN
ftr-315	194	13	is	be	AUX
ftr-315	194	14	segregated	segregate	VERB
ftr-315	194	15	into	into	ADP
ftr-315	194	16	an	an	DET
ftr-315	194	17	escrow	escrow	NOUN
ftr-315	194	18	from	from	ADP
ftr-315	194	19	which	which	PRON
ftr-315	194	20	the	the	DET
ftr-315	194	21	clawback	clawback	NOUN
ftr-315	194	22	obligation	obligation	NOUN
ftr-315	194	23	can	can	AUX
ftr-315	194	24	be	be	AUX
ftr-315	194	25	fulfilled	fulfil	VERB
ftr-315	194	26	.	.	PUNCT
ftr-315	195	1	see	see	VERB
ftr-315	195	2	dow	dow	PROPN
ftr-315	195	3	jones	jones	PROPN
ftr-315	195	4	,	,	PUNCT
ftr-315	195	5	partnership	partnership	PROPN
ftr-315	195	6	,	,	PUNCT
ftr-315	195	7	supra	supra	PROPN
ftr-315	195	8	note	note	PROPN
ftr-315	195	9	18	18	NUM
ftr-315	195	10	,	,	PUNCT
ftr-315	195	11	at	at	ADP
ftr-315	195	12	42–43	42–43	NUM
ftr-315	195	13	(	(	PUNCT
ftr-315	195	14	discussing	discuss	VERB
ftr-315	195	15	the	the	DET
ftr-315	195	16	prevalence	prevalence	NOUN
ftr-315	195	17	of	of	ADP
ftr-315	195	18	clawback	clawback	NOUN
ftr-315	195	19	guarantees	guarantee	NOUN
ftr-315	195	20	and	and	CCONJ
ftr-315	195	21	escrows	escrow	NOUN
ftr-315	195	22	)	)	PUNCT
ftr-315	195	23	.	.	PUNCT
ftr-315	196	1	however	however	ADV
ftr-315	196	2	,	,	PUNCT
ftr-315	196	3	the	the	DET
ftr-315	196	4	carried	carry	VERB
ftr-315	196	5	interest	interest	NOUN
ftr-315	196	6	tax	tax	NOUN
ftr-315	196	7	proposals	proposal	NOUN
ftr-315	196	8	can	can	AUX
ftr-315	196	9	make	make	VERB
ftr-315	196	10	clawback	clawback	NOUN
ftr-315	196	11	provisions	provision	NOUN
ftr-315	196	12	less	less	ADV
ftr-315	196	13	effective	effective	ADJ
ftr-315	196	14	;	;	PUNCT
ftr-315	196	15	this	this	PRON
ftr-315	196	16	is	be	AUX
ftr-315	196	17	true	true	ADJ
ftr-315	196	18	even	even	ADV
ftr-315	196	19	if	if	SCONJ
ftr-315	196	20	the	the	DET
ftr-315	196	21	clawback	clawback	NOUN
ftr-315	196	22	provision	provision	NOUN
ftr-315	196	23	is	be	AUX
ftr-315	196	24	coupled	couple	VERB
ftr-315	196	25	with	with	ADP
ftr-315	196	26	an	an	DET
ftr-315	196	27	escrow	escrow	NOUN
ftr-315	196	28	.	.	PUNCT
ftr-315	197	1	see	see	VERB
ftr-315	197	2	infra	infra	NOUN
ftr-315	197	3	note	note	VERB
ftr-315	197	4	67	67	NUM
ftr-315	197	5	.	.	PUNCT
ftr-315	198	1	34	34	NUM
ftr-315	198	2	.	.	PUNCT
ftr-315	199	1	see	see	VERB
ftr-315	199	2	tuck	tuck	NOUN
ftr-315	199	3	,	,	PUNCT
ftr-315	199	4	lp	lp	PROPN
ftr-315	199	5	agreement	agreement	NOUN
ftr-315	199	6	survey	survey	NOUN
ftr-315	199	7	–	–	PUNCT
ftr-315	199	8	lps	lps	PROPN
ftr-315	199	9	,	,	PUNCT
ftr-315	199	10	supra	supra	PROPN
ftr-315	199	11	note	note	NOUN
ftr-315	199	12	20	20	NUM
ftr-315	199	13	,	,	PUNCT
ftr-315	199	14	at	at	ADP
ftr-315	199	15	9–10	9–10	NOUN
ftr-315	199	16	.	.	PUNCT
ftr-315	200	1	2012	2012	NUM
ftr-315	200	2	]	]	PUNCT
ftr-315	201	1	“	"	PUNCT
ftr-315	201	2	carried	carry	VERB
ftr-315	201	3	interest	interest	NOUN
ftr-315	201	4	”	"	PUNCT
ftr-315	201	5	tax	tax	NOUN
ftr-315	201	6	proposals	proposal	NOUN
ftr-315	201	7	13	13	NUM
ftr-315	201	8	finally	finally	ADV
ftr-315	201	9	,	,	PUNCT
ftr-315	201	10	this	this	DET
ftr-315	201	11	section	section	NOUN
ftr-315	201	12	provides	provide	VERB
ftr-315	201	13	some	some	DET
ftr-315	201	14	suggestions	suggestion	NOUN
ftr-315	201	15	to	to	ADP
ftr-315	201	16	lps	lps	PROPN
ftr-315	201	17	who	who	PRON
ftr-315	201	18	want	want	VERB
ftr-315	201	19	to	to	PART
ftr-315	201	20	limit	limit	VERB
ftr-315	201	21	the	the	DET
ftr-315	201	22	amount	amount	NOUN
ftr-315	201	23	of	of	ADP
ftr-315	201	24	additional	additional	ADJ
ftr-315	201	25	risk	risk	NOUN
ftr-315	201	26	that	that	SCONJ
ftr-315	201	27	they	they	PRON
ftr-315	201	28	assume	assume	VERB
ftr-315	201	29	as	as	ADP
ftr-315	201	30	a	a	DET
ftr-315	201	31	result	result	NOUN
ftr-315	201	32	of	of	ADP
ftr-315	201	33	the	the	DET
ftr-315	201	34	interaction	interaction	NOUN
ftr-315	201	35	between	between	ADP
ftr-315	201	36	clawback	clawback	NOUN
ftr-315	201	37	provisions	provision	NOUN
ftr-315	201	38	and	and	CCONJ
ftr-315	201	39	an	an	DET
ftr-315	201	40	increase	increase	NOUN
ftr-315	201	41	in	in	ADP
ftr-315	201	42	taxes	taxis	NOUN
ftr-315	201	43	on	on	ADP
ftr-315	201	44	carried	carry	VERB
ftr-315	201	45	interests	interest	NOUN
ftr-315	201	46	.	.	PUNCT
ftr-315	202	1	1	1	X
ftr-315	202	2	.	.	X
ftr-315	202	3	understanding	understand	VERB
ftr-315	202	4	clawbacks	clawback	VERB
ftr-315	202	5	a	a	DET
ftr-315	202	6	fund	fund	NOUN
ftr-315	202	7	risks	risk	NOUN
ftr-315	202	8	distributing	distribute	VERB
ftr-315	202	9	too	too	ADV
ftr-315	202	10	much	much	ADJ
ftr-315	202	11	value	value	NOUN
ftr-315	202	12	to	to	ADP
ftr-315	202	13	the	the	DET
ftr-315	202	14	gp	gp	NOUN
ftr-315	202	15	if	if	SCONJ
ftr-315	202	16	the	the	DET
ftr-315	202	17	gp	gp	NOUN
ftr-315	202	18	’s	’s	PART
ftr-315	202	19	carry	carry	NOUN
ftr-315	202	20	is	be	AUX
ftr-315	202	21	calculated	calculate	VERB
ftr-315	202	22	based	base	VERB
ftr-315	202	23	on	on	ADP
ftr-315	202	24	the	the	DET
ftr-315	202	25	fund	fund	NOUN
ftr-315	202	26	’s	’s	PART
ftr-315	202	27	aggregate	aggregate	ADJ
ftr-315	202	28	profits	profit	NOUN
ftr-315	202	29	over	over	ADP
ftr-315	202	30	the	the	DET
ftr-315	202	31	life	life	NOUN
ftr-315	202	32	of	of	ADP
ftr-315	202	33	the	the	DET
ftr-315	202	34	entire	entire	ADJ
ftr-315	202	35	fund35	fund35	NOUN
ftr-315	202	36	and	and	CCONJ
ftr-315	202	37	the	the	DET
ftr-315	202	38	fund	fund	NOUN
ftr-315	202	39	makes	make	VERB
ftr-315	202	40	cash	cash	NOUN
ftr-315	202	41	distributions	distribution	NOUN
ftr-315	202	42	throughout	throughout	ADP
ftr-315	202	43	the	the	DET
ftr-315	202	44	life	life	NOUN
ftr-315	202	45	of	of	ADP
ftr-315	202	46	the	the	DET
ftr-315	202	47	fund	fund	NOUN
ftr-315	202	48	(	(	PUNCT
ftr-315	202	49	i.e.	i.e.	X
ftr-315	202	50	,	,	PUNCT
ftr-315	202	51	before	before	ADP
ftr-315	202	52	the	the	DET
ftr-315	202	53	amount	amount	NOUN
ftr-315	202	54	of	of	ADP
ftr-315	202	55	the	the	DET
ftr-315	202	56	gp	gp	NOUN
ftr-315	202	57	’s	’s	PART
ftr-315	202	58	total	total	ADJ
ftr-315	202	59	carry	carry	NOUN
ftr-315	202	60	is	be	AUX
ftr-315	202	61	finally	finally	ADV
ftr-315	202	62	determined).36	determined).36	VERB
ftr-315	202	63	this	this	DET
ftr-315	202	64	problem	problem	NOUN
ftr-315	202	65	could	could	AUX
ftr-315	202	66	arise	arise	VERB
ftr-315	202	67	if	if	SCONJ
ftr-315	202	68	,	,	PUNCT
ftr-315	202	69	for	for	ADP
ftr-315	202	70	example	example	NOUN
ftr-315	202	71	,	,	PUNCT
ftr-315	202	72	early	early	ADJ
ftr-315	202	73	transactions	transaction	NOUN
ftr-315	202	74	produce	produce	VERB
ftr-315	202	75	profits	profit	NOUN
ftr-315	202	76	(	(	PUNCT
ftr-315	202	77	seemingly	seemingly	ADV
ftr-315	202	78	entitling	entitle	VERB
ftr-315	202	79	the	the	DET
ftr-315	202	80	gp	gp	NOUN
ftr-315	202	81	to	to	ADP
ftr-315	202	82	a	a	DET
ftr-315	202	83	large	large	ADJ
ftr-315	202	84	carry	carry	NOUN
ftr-315	202	85	)	)	PUNCT
ftr-315	202	86	,	,	PUNCT
ftr-315	202	87	while	while	SCONJ
ftr-315	202	88	later	later	ADV
ftr-315	202	89	transactions	transaction	NOUN
ftr-315	202	90	produce	produce	VERB
ftr-315	202	91	losses	loss	NOUN
ftr-315	202	92	(	(	PUNCT
ftr-315	202	93	reducing	reduce	VERB
ftr-315	202	94	the	the	DET
ftr-315	202	95	size	size	NOUN
ftr-315	202	96	of	of	ADP
ftr-315	202	97	the	the	DET
ftr-315	202	98	total	total	NOUN
ftr-315	202	99	carry	carry	NOUN
ftr-315	202	100	to	to	PART
ftr-315	202	101	which	which	PRON
ftr-315	202	102	the	the	DET
ftr-315	202	103	gp	gp	NOUN
ftr-315	202	104	is	be	AUX
ftr-315	202	105	ultimately	ultimately	ADV
ftr-315	202	106	entitled	entitle	VERB
ftr-315	202	107	)	)	PUNCT
ftr-315	202	108	.	.	PUNCT
ftr-315	203	1	in	in	ADP
ftr-315	203	2	order	order	NOUN
ftr-315	203	3	to	to	PART
ftr-315	203	4	protect	protect	VERB
ftr-315	203	5	lps	lps	PROPN
ftr-315	203	6	’	'	PUNCT
ftr-315	203	7	economic	economic	ADJ
ftr-315	203	8	interests	interest	NOUN
ftr-315	203	9	in	in	ADP
ftr-315	203	10	this	this	DET
ftr-315	203	11	situation	situation	NOUN
ftr-315	203	12	,	,	PUNCT
ftr-315	203	13	fund	fund	NOUN
ftr-315	203	14	agreements	agreement	NOUN
ftr-315	203	15	often	often	ADV
ftr-315	203	16	contain	contain	VERB
ftr-315	203	17	clawback	clawback	NOUN
ftr-315	203	18	provisions	provision	NOUN
ftr-315	203	19	,	,	PUNCT
ftr-315	203	20	which	which	PRON
ftr-315	203	21	require	require	VERB
ftr-315	203	22	the	the	DET
ftr-315	203	23	gp	gp	NOUN
ftr-315	203	24	to	to	PART
ftr-315	203	25	return	return	VERB
ftr-315	203	26	part	part	NOUN
ftr-315	203	27	of	of	ADP
ftr-315	203	28	the	the	DET
ftr-315	203	29	previously	previously	ADV
ftr-315	203	30	distributed	distribute	VERB
ftr-315	203	31	carry	carry	NOUN
ftr-315	203	32	,	,	PUNCT
ftr-315	203	33	so	so	SCONJ
ftr-315	203	34	that	that	SCONJ
ftr-315	203	35	the	the	DET
ftr-315	203	36	gp	gp	NOUN
ftr-315	203	37	only	only	ADV
ftr-315	203	38	retains	retain	VERB
ftr-315	203	39	an	an	DET
ftr-315	203	40	amount	amount	NOUN
ftr-315	203	41	equal	equal	ADJ
ftr-315	203	42	to	to	ADP
ftr-315	203	43	20	20	NUM
ftr-315	203	44	percent	percent	NOUN
ftr-315	203	45	of	of	ADP
ftr-315	203	46	the	the	DET
ftr-315	203	47	aggregate	aggregate	ADJ
ftr-315	203	48	profit	profit	NOUN
ftr-315	203	49	earned	earn	VERB
ftr-315	203	50	by	by	ADP
ftr-315	203	51	the	the	DET
ftr-315	203	52	fund	fund	NOUN
ftr-315	203	53	.	.	PUNCT
ftr-315	204	1	the	the	DET
ftr-315	204	2	basic	basic	ADJ
ftr-315	204	3	concept	concept	NOUN
ftr-315	204	4	is	be	AUX
ftr-315	204	5	relatively	relatively	ADV
ftr-315	204	6	straightforward	straightforward	ADJ
ftr-315	204	7	,	,	PUNCT
ftr-315	204	8	but	but	CCONJ
ftr-315	204	9	a	a	DET
ftr-315	204	10	fair	fair	ADJ
ftr-315	204	11	bit	bit	NOUN
ftr-315	204	12	of	of	ADP
ftr-315	204	13	background	background	NOUN
ftr-315	204	14	is	be	AUX
ftr-315	204	15	needed	need	VERB
ftr-315	204	16	in	in	ADP
ftr-315	204	17	order	order	NOUN
ftr-315	204	18	to	to	PART
ftr-315	204	19	appreciate	appreciate	VERB
ftr-315	204	20	how	how	SCONJ
ftr-315	204	21	increased	increase	VERB
ftr-315	204	22	taxes	taxis	NOUN
ftr-315	204	23	on	on	ADP
ftr-315	204	24	carried	carry	VERB
ftr-315	204	25	interests	interest	NOUN
ftr-315	204	26	can	can	AUX
ftr-315	204	27	make	make	VERB
ftr-315	204	28	a	a	DET
ftr-315	204	29	clawback	clawback	NOUN
ftr-315	204	30	less	less	ADV
ftr-315	204	31	effective	effective	ADJ
ftr-315	204	32	at	at	ADP
ftr-315	204	33	protecting	protect	VERB
ftr-315	204	34	lps	lps	PROPN
ftr-315	204	35	.	.	PUNCT
ftr-315	205	1	examples	example	NOUN
ftr-315	205	2	are	be	AUX
ftr-315	205	3	helpful	helpful	ADJ
ftr-315	205	4	in	in	ADP
ftr-315	205	5	providing	provide	VERB
ftr-315	205	6	this	this	DET
ftr-315	205	7	background	background	NOUN
ftr-315	205	8	.	.	PUNCT
ftr-315	206	1	(	(	PUNCT
ftr-315	206	2	a	a	X
ftr-315	206	3	)	)	PUNCT
ftr-315	206	4	example	example	NOUN
ftr-315	206	5	#	#	SYM
ftr-315	206	6	1	1	NUM
ftr-315	206	7	—	—	PUNCT
ftr-315	206	8	how	how	SCONJ
ftr-315	206	9	can	can	AUX
ftr-315	206	10	lps	lps	PROPN
ftr-315	206	11	be	be	AUX
ftr-315	206	12	harmed	harm	VERB
ftr-315	206	13	in	in	ADP
ftr-315	206	14	the	the	DET
ftr-315	206	15	absence	absence	NOUN
ftr-315	206	16	of	of	ADP
ftr-315	206	17	a	a	DET
ftr-315	206	18	clawback	clawback	NOUN
ftr-315	206	19	?	?	PUNCT
ftr-315	207	1	(	(	PUNCT
ftr-315	207	2	1	1	X
ftr-315	207	3	)	)	PUNCT
ftr-315	207	4	hypothetical	hypothetical	ADJ
ftr-315	207	5	&	&	CCONJ
ftr-315	207	6	analysis	analysis	NOUN
ftr-315	207	7	most	most	ADJ
ftr-315	207	8	fund	fund	NOUN
ftr-315	207	9	agreements	agreement	NOUN
ftr-315	207	10	have	have	VERB
ftr-315	207	11	some	some	DET
ftr-315	207	12	sort	sort	NOUN
ftr-315	207	13	of	of	ADV
ftr-315	207	14	clawback,37	clawback,37	NOUN
ftr-315	207	15	but	but	CCONJ
ftr-315	207	16	to	to	PART
ftr-315	207	17	appreciate	appreciate	VERB
ftr-315	207	18	the	the	DET
ftr-315	207	19	importance	importance	NOUN
ftr-315	207	20	of	of	ADP
ftr-315	207	21	a	a	DET
ftr-315	207	22	clawback	clawback	NOUN
ftr-315	207	23	,	,	PUNCT
ftr-315	207	24	imagine	imagine	VERB
ftr-315	207	25	a	a	DET
ftr-315	207	26	fund	fund	NOUN
ftr-315	207	27	agreement	agreement	NOUN
ftr-315	207	28	that	that	PRON
ftr-315	207	29	entitles	entitle	VERB
ftr-315	207	30	the	the	DET
ftr-315	207	31	gp	gp	NOUN
ftr-315	207	32	to	to	ADP
ftr-315	207	33	a	a	DET
ftr-315	207	34	20	20	NUM
ftr-315	207	35	percent	percent	NOUN
ftr-315	207	36	carry	carry	VERB
ftr-315	207	37	on	on	ADP
ftr-315	207	38	the	the	DET
ftr-315	207	39	fund	fund	NOUN
ftr-315	207	40	’s	’s	PART
ftr-315	207	41	aggregate	aggregate	ADJ
ftr-315	207	42	profits	profit	NOUN
ftr-315	207	43	and	and	CCONJ
ftr-315	207	44	that	that	SCONJ
ftr-315	207	45	35	35	NUM
ftr-315	207	46	.	.	PUNCT
ftr-315	208	1	the	the	DET
ftr-315	208	2	risk	risk	NOUN
ftr-315	208	3	of	of	ADP
ftr-315	208	4	over	over	ADP
ftr-315	208	5	-	-	PUNCT
ftr-315	208	6	distribution	distribution	NOUN
ftr-315	208	7	of	of	ADP
ftr-315	208	8	the	the	DET
ftr-315	208	9	carry	carry	NOUN
ftr-315	208	10	and	and	CCONJ
ftr-315	208	11	,	,	PUNCT
ftr-315	208	12	thus	thus	ADV
ftr-315	208	13	,	,	PUNCT
ftr-315	208	14	the	the	DET
ftr-315	208	15	need	need	NOUN
ftr-315	208	16	for	for	ADP
ftr-315	208	17	a	a	DET
ftr-315	208	18	clawback	clawback	NOUN
ftr-315	208	19	provision	provision	NOUN
ftr-315	208	20	are	be	AUX
ftr-315	208	21	avoided	avoid	VERB
ftr-315	208	22	if	if	SCONJ
ftr-315	208	23	the	the	DET
ftr-315	208	24	carry	carry	NOUN
ftr-315	208	25	is	be	AUX
ftr-315	208	26	calculated	calculate	VERB
ftr-315	208	27	on	on	ADP
ftr-315	208	28	an	an	DET
ftr-315	208	29	investment	investment	NOUN
ftr-315	208	30	-	-	PUNCT
ftr-315	208	31	byinvestment	byinvestment	NOUN
ftr-315	208	32	basis	basis	NOUN
ftr-315	208	33	without	without	ADP
ftr-315	208	34	aggregation	aggregation	NOUN
ftr-315	208	35	or	or	CCONJ
ftr-315	208	36	is	be	AUX
ftr-315	208	37	calculated	calculate	VERB
ftr-315	208	38	in	in	ADP
ftr-315	208	39	another	another	DET
ftr-315	208	40	way	way	NOUN
ftr-315	208	41	in	in	ADP
ftr-315	208	42	which	which	PRON
ftr-315	208	43	carry	carry	VERB
ftr-315	208	44	amounts	amount	NOUN
ftr-315	208	45	,	,	PUNCT
ftr-315	208	46	once	once	ADV
ftr-315	208	47	calculated	calculate	VERB
ftr-315	208	48	,	,	PUNCT
ftr-315	208	49	would	would	AUX
ftr-315	208	50	not	not	PART
ftr-315	208	51	be	be	AUX
ftr-315	208	52	reduced	reduce	VERB
ftr-315	208	53	by	by	ADP
ftr-315	208	54	subsequent	subsequent	ADJ
ftr-315	208	55	losses	loss	NOUN
ftr-315	208	56	.	.	PUNCT
ftr-315	209	1	see	see	VERB
ftr-315	209	2	needham	needham	PROPN
ftr-315	209	3	&	&	CCONJ
ftr-315	209	4	brause	brause	PROPN
ftr-315	209	5	,	,	PUNCT
ftr-315	209	6	hedge	hedge	NOUN
ftr-315	209	7	funds	fund	NOUN
ftr-315	209	8	,	,	PUNCT
ftr-315	209	9	supra	supra	PROPN
ftr-315	209	10	note	note	PROPN
ftr-315	209	11	11	11	NUM
ftr-315	209	12	,	,	PUNCT
ftr-315	209	13	at	at	ADP
ftr-315	209	14	iii.c	iii.c	PROPN
ftr-315	209	15	.	.	PUNCT
ftr-315	210	1	(	(	PUNCT
ftr-315	210	2	noting	note	VERB
ftr-315	210	3	that	that	SCONJ
ftr-315	210	4	hedge	hedge	NOUN
ftr-315	210	5	fund	fund	NOUN
ftr-315	210	6	carries	carry	VERB
ftr-315	210	7	are	be	AUX
ftr-315	210	8	typically	typically	ADV
ftr-315	210	9	calculated	calculate	VERB
ftr-315	210	10	this	this	DET
ftr-315	210	11	way	way	NOUN
ftr-315	210	12	,	,	PUNCT
ftr-315	210	13	vitiating	vitiate	VERB
ftr-315	210	14	the	the	DET
ftr-315	210	15	need	need	NOUN
ftr-315	210	16	for	for	ADP
ftr-315	210	17	clawback	clawback	NOUN
ftr-315	210	18	provisions	provision	NOUN
ftr-315	210	19	)	)	PUNCT
ftr-315	210	20	.	.	PUNCT
ftr-315	211	1	of	of	ADP
ftr-315	211	2	course	course	NOUN
ftr-315	211	3	,	,	PUNCT
ftr-315	211	4	calculating	calculate	VERB
ftr-315	211	5	the	the	DET
ftr-315	211	6	carry	carry	NOUN
ftr-315	211	7	on	on	ADP
ftr-315	211	8	an	an	DET
ftr-315	211	9	investment	investment	NOUN
ftr-315	211	10	-	-	PUNCT
ftr-315	211	11	by	by	ADP
ftr-315	211	12	-	-	PUNCT
ftr-315	211	13	investment	investment	NOUN
ftr-315	211	14	basis	basis	NOUN
ftr-315	211	15	changes	change	VERB
ftr-315	211	16	the	the	DET
ftr-315	211	17	economics	economic	NOUN
ftr-315	211	18	and	and	CCONJ
ftr-315	211	19	means	mean	VERB
ftr-315	211	20	that	that	SCONJ
ftr-315	211	21	gps	gps	PROPN
ftr-315	211	22	will	will	AUX
ftr-315	211	23	earn	earn	VERB
ftr-315	211	24	carries	carry	VERB
ftr-315	211	25	on	on	ADP
ftr-315	211	26	deals	deal	NOUN
ftr-315	211	27	that	that	PRON
ftr-315	211	28	succeed	succeed	VERB
ftr-315	211	29	,	,	PUNCT
ftr-315	211	30	but	but	CCONJ
ftr-315	211	31	will	will	AUX
ftr-315	211	32	not	not	PART
ftr-315	211	33	suffer	suffer	VERB
ftr-315	211	34	monetary	monetary	ADJ
ftr-315	211	35	losses	loss	NOUN
ftr-315	211	36	with	with	ADP
ftr-315	211	37	respect	respect	NOUN
ftr-315	211	38	to	to	ADP
ftr-315	211	39	deals	deal	NOUN
ftr-315	211	40	that	that	PRON
ftr-315	211	41	do	do	AUX
ftr-315	211	42	not	not	PART
ftr-315	211	43	succeed	succeed	VERB
ftr-315	211	44	.	.	PUNCT
ftr-315	212	1	36	36	NUM
ftr-315	212	2	.	.	PUNCT
ftr-315	213	1	this	this	PRON
ftr-315	213	2	is	be	AUX
ftr-315	213	3	quite	quite	ADV
ftr-315	213	4	common	common	ADJ
ftr-315	213	5	particularly	particularly	ADV
ftr-315	213	6	in	in	ADP
ftr-315	213	7	private	private	ADJ
ftr-315	213	8	equity	equity	NOUN
ftr-315	213	9	funds	fund	NOUN
ftr-315	213	10	.	.	PUNCT
ftr-315	214	1	see	see	VERB
ftr-315	214	2	needham	needham	PROPN
ftr-315	214	3	,	,	PUNCT
ftr-315	214	4	private	private	ADJ
ftr-315	214	5	equity	equity	NOUN
ftr-315	214	6	funds	fund	NOUN
ftr-315	214	7	,	,	PUNCT
ftr-315	214	8	supra	supra	PROPN
ftr-315	214	9	note	note	PROPN
ftr-315	214	10	17	17	NUM
ftr-315	214	11	,	,	PUNCT
ftr-315	214	12	at	at	ADP
ftr-315	214	13	iii.b.3	iii.b.3	PROPN
ftr-315	214	14	&	&	CCONJ
ftr-315	214	15	iii.b.4	iii.b.4	PROPN
ftr-315	214	16	.	.	PUNCT
ftr-315	215	1	37	37	NUM
ftr-315	215	2	.	.	PUNCT
ftr-315	216	1	see	see	VERB
ftr-315	216	2	dow	dow	PROPN
ftr-315	216	3	jones	jones	PROPN
ftr-315	216	4	,	,	PUNCT
ftr-315	216	5	partnership	partnership	PROPN
ftr-315	216	6	,	,	PUNCT
ftr-315	216	7	supra	supra	PROPN
ftr-315	216	8	note	note	PROPN
ftr-315	216	9	18	18	NUM
ftr-315	216	10	,	,	PUNCT
ftr-315	216	11	at	at	ADP
ftr-315	216	12	42	42	NUM
ftr-315	216	13	.	.	PUNCT
ftr-315	217	1	14	14	NUM
ftr-315	217	2	florida	florida	PROPN
ftr-315	217	3	tax	tax	NOUN
ftr-315	217	4	review	review	NOUN
ftr-315	218	1	[	[	X
ftr-315	218	2	vol.13:1	vol.13:1	NOUN
ftr-315	218	3	lacks	lack	VERB
ftr-315	218	4	a	a	DET
ftr-315	218	5	clawback.38	clawback.38	PROPN
ftr-315	218	6	assume	assume	VERB
ftr-315	218	7	that	that	SCONJ
ftr-315	218	8	five	five	NUM
ftr-315	218	9	lps	lp	NOUN
ftr-315	218	10	each	each	PRON
ftr-315	218	11	contribute	contribute	VERB
ftr-315	218	12	$	$	SYM
ftr-315	218	13	200	200	NUM
ftr-315	218	14	to	to	ADP
ftr-315	218	15	the	the	DET
ftr-315	218	16	fund,39	fund,39	NOUN
ftr-315	218	17	and	and	CCONJ
ftr-315	218	18	the	the	DET
ftr-315	218	19	fund	fund	NOUN
ftr-315	218	20	immediately	immediately	ADV
ftr-315	218	21	uses	use	VERB
ftr-315	218	22	that	that	SCONJ
ftr-315	218	23	$	$	SYM
ftr-315	218	24	1000	1000	NUM
ftr-315	218	25	to	to	PART
ftr-315	218	26	invest	invest	VERB
ftr-315	218	27	in	in	ADP
ftr-315	218	28	two	two	NUM
ftr-315	218	29	assets	asset	NOUN
ftr-315	218	30	:	:	PUNCT
ftr-315	218	31	asset	asset	NOUN
ftr-315	218	32	a	a	PRON
ftr-315	218	33	is	be	AUX
ftr-315	218	34	purchased	purchase	VERB
ftr-315	218	35	for	for	ADP
ftr-315	218	36	$	$	SYM
ftr-315	218	37	400	400	NUM
ftr-315	218	38	,	,	PUNCT
ftr-315	218	39	and	and	CCONJ
ftr-315	218	40	asset	asset	NOUN
ftr-315	218	41	b	b	PROPN
ftr-315	218	42	is	be	AUX
ftr-315	218	43	purchased	purchase	VERB
ftr-315	218	44	for	for	ADP
ftr-315	218	45	$	$	SYM
ftr-315	218	46	600.40	600.40	NUM
ftr-315	218	47	assume	assume	VERB
ftr-315	218	48	that	that	SCONJ
ftr-315	218	49	,	,	PUNCT
ftr-315	218	50	during	during	ADP
ftr-315	218	51	year	year	NOUN
ftr-315	218	52	2	2	NUM
ftr-315	218	53	,	,	PUNCT
ftr-315	218	54	after	after	SCONJ
ftr-315	218	55	asset	asset	NOUN
ftr-315	218	56	a	a	PRON
ftr-315	218	57	has	have	AUX
ftr-315	218	58	increased	increase	VERB
ftr-315	218	59	in	in	ADP
ftr-315	218	60	value	value	NOUN
ftr-315	218	61	,	,	PUNCT
ftr-315	218	62	the	the	DET
ftr-315	218	63	gp	gp	NOUN
ftr-315	218	64	causes	cause	VERB
ftr-315	218	65	the	the	DET
ftr-315	218	66	fund	fund	NOUN
ftr-315	218	67	to	to	PART
ftr-315	218	68	sell	sell	VERB
ftr-315	218	69	asset	asset	NOUN
ftr-315	218	70	a	a	PRON
ftr-315	218	71	for	for	ADP
ftr-315	218	72	$	$	SYM
ftr-315	218	73	550	550	NUM
ftr-315	218	74	cash	cash	NOUN
ftr-315	218	75	,	,	PUNCT
ftr-315	218	76	generating	generate	VERB
ftr-315	218	77	a	a	DET
ftr-315	218	78	profit	profit	NOUN
ftr-315	218	79	of	of	ADP
ftr-315	218	80	$	$	SYM
ftr-315	218	81	150	150	NUM
ftr-315	218	82	.	.	PUNCT
ftr-315	219	1	twenty	twenty	NUM
ftr-315	219	2	percent	percent	NOUN
ftr-315	219	3	of	of	ADP
ftr-315	219	4	this	this	DET
ftr-315	219	5	profit	profit	NOUN
ftr-315	219	6	(	(	PUNCT
ftr-315	219	7	$	$	SYM
ftr-315	219	8	30	30	NUM
ftr-315	219	9	)	)	PUNCT
ftr-315	219	10	is	be	AUX
ftr-315	219	11	allocated	allocate	VERB
ftr-315	219	12	to	to	ADP
ftr-315	219	13	gp,41	gp,41	PROPN
ftr-315	219	14	and	and	CCONJ
ftr-315	219	15	the	the	DET
ftr-315	219	16	remainder	remainder	NOUN
ftr-315	219	17	of	of	ADP
ftr-315	219	18	the	the	DET
ftr-315	219	19	profit	profit	NOUN
ftr-315	219	20	(	(	PUNCT
ftr-315	219	21	$	$	SYM
ftr-315	219	22	120	120	NUM
ftr-315	219	23	)	)	PUNCT
ftr-315	219	24	is	be	AUX
ftr-315	219	25	allocated	allocate	VERB
ftr-315	219	26	to	to	ADP
ftr-315	219	27	the	the	DET
ftr-315	219	28	lps.42	lps.42	PROPN
ftr-315	219	29	if	if	SCONJ
ftr-315	219	30	the	the	DET
ftr-315	219	31	fund	fund	NOUN
ftr-315	219	32	makes	make	VERB
ftr-315	219	33	distributions	distribution	NOUN
ftr-315	219	34	of	of	ADP
ftr-315	219	35	all	all	DET
ftr-315	219	36	cash	cash	NOUN
ftr-315	219	37	available	available	ADJ
ftr-315	219	38	,	,	PUNCT
ftr-315	219	39	the	the	DET
ftr-315	219	40	fund	fund	NOUN
ftr-315	219	41	would	would	AUX
ftr-315	219	42	distribute	distribute	VERB
ftr-315	219	43	the	the	DET
ftr-315	219	44	entire	entire	ADJ
ftr-315	219	45	$	$	SYM
ftr-315	219	46	550	550	NUM
ftr-315	219	47	of	of	ADP
ftr-315	219	48	proceeds	proceed	NOUN
ftr-315	219	49	from	from	ADP
ftr-315	219	50	the	the	DET
ftr-315	219	51	sale	sale	NOUN
ftr-315	219	52	of	of	ADP
ftr-315	219	53	asset	asset	NOUN
ftr-315	219	54	a.	a.	NOUN
ftr-315	219	55	specifically	specifically	ADV
ftr-315	219	56	,	,	PUNCT
ftr-315	219	57	if	if	SCONJ
ftr-315	219	58	the	the	DET
ftr-315	219	59	fund	fund	NOUN
ftr-315	219	60	agreement	agreement	NOUN
ftr-315	219	61	first	first	ADV
ftr-315	219	62	provides	provide	VERB
ftr-315	219	63	for	for	ADP
ftr-315	219	64	a	a	DET
ftr-315	219	65	return	return	NOUN
ftr-315	219	66	of	of	ADP
ftr-315	219	67	the	the	DET
ftr-315	219	68	lps	lps	PROPN
ftr-315	219	69	’	'	PUNCT
ftr-315	219	70	capital	capital	NOUN
ftr-315	219	71	contributions	contribution	NOUN
ftr-315	219	72	with	with	ADP
ftr-315	219	73	respect	respect	NOUN
ftr-315	219	74	to	to	ADP
ftr-315	219	75	the	the	DET
ftr-315	219	76	particular	particular	ADJ
ftr-315	219	77	investment	investment	NOUN
ftr-315	219	78	and	and	CCONJ
ftr-315	219	79	then	then	ADV
ftr-315	219	80	provides	provide	VERB
ftr-315	219	81	for	for	ADP
ftr-315	219	82	a	a	DET
ftr-315	219	83	distribution	distribution	NOUN
ftr-315	219	84	of	of	ADP
ftr-315	219	85	profits	profit	NOUN
ftr-315	219	86	,	,	PUNCT
ftr-315	219	87	a	a	DET
ftr-315	219	88	total	total	NOUN
ftr-315	219	89	of	of	ADP
ftr-315	219	90	$	$	SYM
ftr-315	219	91	30	30	NUM
ftr-315	219	92	would	would	AUX
ftr-315	219	93	be	be	AUX
ftr-315	219	94	distributed	distribute	VERB
ftr-315	219	95	to	to	ADP
ftr-315	219	96	the	the	DET
ftr-315	219	97	gp	gp	NOUN
ftr-315	219	98	on	on	ADP
ftr-315	219	99	account	account	NOUN
ftr-315	219	100	of	of	ADP
ftr-315	219	101	the	the	DET
ftr-315	219	102	gp	gp	NOUN
ftr-315	219	103	’s	’s	PART
ftr-315	219	104	carried	carry	VERB
ftr-315	219	105	interest	interest	NOUN
ftr-315	219	106	,	,	PUNCT
ftr-315	219	107	and	and	CCONJ
ftr-315	219	108	the	the	DET
ftr-315	219	109	remaining	remain	VERB
ftr-315	219	110	$	$	SYM
ftr-315	219	111	520	520	NUM
ftr-315	219	112	would	would	AUX
ftr-315	219	113	be	be	AUX
ftr-315	219	114	distributed	distribute	VERB
ftr-315	219	115	to	to	ADP
ftr-315	219	116	the	the	DET
ftr-315	219	117	lps	lps	PROPN
ftr-315	219	118	(	(	PUNCT
ftr-315	219	119	consisting	consist	VERB
ftr-315	219	120	of	of	ADP
ftr-315	219	121	$	$	SYM
ftr-315	219	122	120	120	NUM
ftr-315	219	123	of	of	ADP
ftr-315	219	124	profit	profit	NOUN
ftr-315	219	125	earned	earn	VERB
ftr-315	219	126	on	on	ADP
ftr-315	219	127	asset	asset	NOUN
ftr-315	219	128	a	a	DET
ftr-315	219	129	and	and	CCONJ
ftr-315	219	130	$	$	SYM
ftr-315	219	131	400	400	NUM
ftr-315	219	132	return	return	NOUN
ftr-315	219	133	of	of	ADP
ftr-315	219	134	capital).43	capital).43	PROPN
ftr-315	219	135	38	38	NUM
ftr-315	219	136	.	.	PUNCT
ftr-315	220	1	for	for	ADP
ftr-315	220	2	ease	ease	NOUN
ftr-315	220	3	,	,	PUNCT
ftr-315	220	4	assume	assume	VERB
ftr-315	220	5	that	that	SCONJ
ftr-315	220	6	the	the	DET
ftr-315	220	7	gp	gp	NOUN
ftr-315	220	8	is	be	AUX
ftr-315	220	9	entitled	entitle	VERB
ftr-315	220	10	to	to	ADP
ftr-315	220	11	the	the	DET
ftr-315	220	12	carry	carry	NOUN
ftr-315	220	13	on	on	ADP
ftr-315	220	14	the	the	DET
ftr-315	220	15	first	first	ADJ
ftr-315	220	16	dollar	dollar	NOUN
ftr-315	220	17	of	of	ADP
ftr-315	220	18	profit	profit	NOUN
ftr-315	220	19	,	,	PUNCT
ftr-315	220	20	with	with	ADP
ftr-315	220	21	no	no	DET
ftr-315	220	22	hurdle	hurdle	NOUN
ftr-315	220	23	rate	rate	NOUN
ftr-315	220	24	,	,	PUNCT
ftr-315	220	25	and	and	CCONJ
ftr-315	220	26	that	that	SCONJ
ftr-315	220	27	there	there	PRON
ftr-315	220	28	are	be	VERB
ftr-315	220	29	no	no	DET
ftr-315	220	30	management	management	NOUN
ftr-315	220	31	fees	fee	NOUN
ftr-315	220	32	or	or	CCONJ
ftr-315	220	33	expenses	expense	NOUN
ftr-315	220	34	.	.	PUNCT
ftr-315	221	1	39	39	NUM
ftr-315	221	2	.	.	PUNCT
ftr-315	222	1	assume	assume	VERB
ftr-315	222	2	,	,	PUNCT
ftr-315	222	3	for	for	ADP
ftr-315	222	4	purposes	purpose	NOUN
ftr-315	222	5	of	of	ADP
ftr-315	222	6	simplicity	simplicity	NOUN
ftr-315	222	7	of	of	ADP
ftr-315	222	8	calculations	calculation	NOUN
ftr-315	222	9	,	,	PUNCT
ftr-315	222	10	that	that	SCONJ
ftr-315	222	11	the	the	DET
ftr-315	222	12	gp	gp	NOUN
ftr-315	222	13	does	do	AUX
ftr-315	222	14	not	not	PART
ftr-315	222	15	make	make	VERB
ftr-315	222	16	a	a	DET
ftr-315	222	17	capital	capital	NOUN
ftr-315	222	18	contribution	contribution	NOUN
ftr-315	222	19	.	.	PUNCT
ftr-315	223	1	typically	typically	ADV
ftr-315	223	2	,	,	PUNCT
ftr-315	223	3	a	a	DET
ftr-315	223	4	gp	gp	NOUN
ftr-315	223	5	makes	make	VERB
ftr-315	223	6	some	some	DET
ftr-315	223	7	capital	capital	NOUN
ftr-315	223	8	contribution	contribution	NOUN
ftr-315	223	9	(	(	PUNCT
ftr-315	223	10	often	often	ADV
ftr-315	223	11	0.2	0.2	NUM
ftr-315	223	12	percent	percent	NOUN
ftr-315	223	13	of	of	ADP
ftr-315	223	14	the	the	DET
ftr-315	223	15	total	total	ADJ
ftr-315	223	16	capital	capital	NOUN
ftr-315	223	17	)	)	PUNCT
ftr-315	223	18	both	both	PRON
ftr-315	223	19	(	(	PUNCT
ftr-315	223	20	1	1	NUM
ftr-315	223	21	)	)	PUNCT
ftr-315	223	22	so	so	SCONJ
ftr-315	223	23	that	that	SCONJ
ftr-315	223	24	,	,	PUNCT
ftr-315	223	25	from	from	ADP
ftr-315	223	26	a	a	DET
ftr-315	223	27	business	business	NOUN
ftr-315	223	28	perspective	perspective	NOUN
ftr-315	223	29	,	,	PUNCT
ftr-315	223	30	the	the	DET
ftr-315	223	31	gp	gp	NOUN
ftr-315	223	32	has	have	VERB
ftr-315	223	33	“	"	PUNCT
ftr-315	223	34	skin	skin	NOUN
ftr-315	223	35	in	in	ADP
ftr-315	223	36	the	the	DET
ftr-315	223	37	game	game	NOUN
ftr-315	223	38	,	,	PUNCT
ftr-315	223	39	”	"	PUNCT
ftr-315	223	40	thereby	thereby	ADV
ftr-315	223	41	better	well	ADV
ftr-315	223	42	aligning	align	VERB
ftr-315	223	43	the	the	DET
ftr-315	223	44	gp	gp	NOUN
ftr-315	223	45	’s	’s	PART
ftr-315	223	46	interests	interest	NOUN
ftr-315	223	47	with	with	ADP
ftr-315	223	48	the	the	DET
ftr-315	223	49	lp	lp	NOUN
ftr-315	223	50	’s	’s	PART
ftr-315	223	51	interests	interest	NOUN
ftr-315	223	52	,	,	PUNCT
ftr-315	223	53	and	and	CCONJ
ftr-315	223	54	(	(	PUNCT
ftr-315	223	55	2	2	X
ftr-315	223	56	)	)	PUNCT
ftr-315	223	57	to	to	PART
ftr-315	223	58	provide	provide	VERB
ftr-315	223	59	comfort	comfort	NOUN
ftr-315	223	60	that	that	SCONJ
ftr-315	223	61	the	the	DET
ftr-315	223	62	gp	gp	NOUN
ftr-315	223	63	will	will	AUX
ftr-315	223	64	be	be	AUX
ftr-315	223	65	treated	treat	VERB
ftr-315	223	66	as	as	ADP
ftr-315	223	67	a	a	DET
ftr-315	223	68	true	true	ADJ
ftr-315	223	69	partner	partner	NOUN
ftr-315	223	70	for	for	ADP
ftr-315	223	71	federal	federal	ADJ
ftr-315	223	72	income	income	NOUN
ftr-315	223	73	tax	tax	NOUN
ftr-315	223	74	purposes	purpose	NOUN
ftr-315	223	75	.	.	PUNCT
ftr-315	224	1	see	see	AUX
ftr-315	224	2	generally	generally	ADV
ftr-315	224	3	rev	rev	VERB
ftr-315	224	4	.	.	PROPN
ftr-315	224	5	proc	proc	PROPN
ftr-315	224	6	.	.	PUNCT
ftr-315	225	1	89	89	NUM
ftr-315	225	2	-	-	SYM
ftr-315	225	3	12	12	NUM
ftr-315	225	4	,	,	PUNCT
ftr-315	225	5	1989	1989	NUM
ftr-315	225	6	-	-	SYM
ftr-315	225	7	1	1	NUM
ftr-315	225	8	c.b	c.b	PROPN
ftr-315	225	9	.	.	PROPN
ftr-315	225	10	798	798	NUM
ftr-315	225	11	(	(	PUNCT
ftr-315	225	12	setting	set	VERB
ftr-315	225	13	out	out	ADP
ftr-315	225	14	a	a	DET
ftr-315	225	15	1	1	NUM
ftr-315	225	16	percent	percent	NOUN
ftr-315	225	17	standard	standard	NOUN
ftr-315	225	18	as	as	ADP
ftr-315	225	19	the	the	DET
ftr-315	225	20	minimum	minimum	ADJ
ftr-315	225	21	contribution	contribution	NOUN
ftr-315	225	22	to	to	PART
ftr-315	225	23	be	be	AUX
ftr-315	225	24	a	a	DET
ftr-315	225	25	partner	partner	NOUN
ftr-315	225	26	,	,	PUNCT
ftr-315	225	27	declining	decline	VERB
ftr-315	225	28	to	to	ADP
ftr-315	225	29	0.2	0.2	NUM
ftr-315	225	30	percent	percent	NOUN
ftr-315	225	31	for	for	ADP
ftr-315	225	32	large	large	ADJ
ftr-315	225	33	partnerships	partnership	NOUN
ftr-315	225	34	)	)	PUNCT
ftr-315	225	35	,	,	PUNCT
ftr-315	225	36	obsoleted	obsolete	VERB
ftr-315	225	37	by	by	ADP
ftr-315	225	38	rev	rev	PROPN
ftr-315	225	39	.	.	PROPN
ftr-315	225	40	rul	rul	PROPN
ftr-315	225	41	.	.	PUNCT
ftr-315	225	42	2003	2003	NUM
ftr-315	225	43	-	-	SYM
ftr-315	225	44	99	99	NUM
ftr-315	225	45	,	,	PUNCT
ftr-315	225	46	2003	2003	NUM
ftr-315	225	47	-	-	SYM
ftr-315	225	48	2	2	NUM
ftr-315	225	49	c.b	c.b	PROPN
ftr-315	225	50	.	.	PROPN
ftr-315	225	51	388	388	NUM
ftr-315	225	52	;	;	PUNCT
ftr-315	225	53	breslow	breslow	ADJ
ftr-315	225	54	,	,	PUNCT
ftr-315	225	55	selected	select	VERB
ftr-315	225	56	excerpts	excerpt	NOUN
ftr-315	225	57	,	,	PUNCT
ftr-315	225	58	supra	supra	PROPN
ftr-315	225	59	note	note	NOUN
ftr-315	225	60	17	17	NUM
ftr-315	225	61	,	,	PUNCT
ftr-315	225	62	at	at	ADP
ftr-315	225	63	§	§	PROPN
ftr-315	225	64	2.5.3	2.5.3	NUM
ftr-315	225	65	.	.	PUNCT
ftr-315	226	1	although	although	SCONJ
ftr-315	226	2	rev	rev	PROPN
ftr-315	226	3	.	.	PROPN
ftr-315	226	4	proc	proc	PROPN
ftr-315	226	5	.	.	PUNCT
ftr-315	227	1	89	89	NUM
ftr-315	227	2	-	-	SYM
ftr-315	227	3	12	12	NUM
ftr-315	227	4	is	be	AUX
ftr-315	227	5	obsolete	obsolete	ADJ
ftr-315	227	6	,	,	PUNCT
ftr-315	227	7	practitioners	practitioner	NOUN
ftr-315	227	8	still	still	ADV
ftr-315	227	9	use	use	VERB
ftr-315	227	10	it	it	PRON
ftr-315	227	11	to	to	PART
ftr-315	227	12	provide	provide	VERB
ftr-315	227	13	an	an	DET
ftr-315	227	14	indication	indication	NOUN
ftr-315	227	15	about	about	ADP
ftr-315	227	16	the	the	DET
ftr-315	227	17	level	level	NOUN
ftr-315	227	18	of	of	ADP
ftr-315	227	19	investment	investment	NOUN
ftr-315	227	20	the	the	DET
ftr-315	227	21	irs	irs	PROPN
ftr-315	227	22	may	may	AUX
ftr-315	227	23	require	require	VERB
ftr-315	227	24	to	to	PART
ftr-315	227	25	establish	establish	VERB
ftr-315	227	26	“	"	PUNCT
ftr-315	227	27	partner	partner	NOUN
ftr-315	227	28	status	status	NOUN
ftr-315	227	29	.	.	PUNCT
ftr-315	227	30	”	"	PUNCT
ftr-315	228	1	see	see	VERB
ftr-315	228	2	,	,	PUNCT
ftr-315	228	3	e.g.	e.g.	ADV
ftr-315	228	4	,	,	PUNCT
ftr-315	228	5	eric	eric	PROPN
ftr-315	228	6	b.	b.	PROPN
ftr-315	228	7	sloan	sloan	PROPN
ftr-315	228	8	&	&	CCONJ
ftr-315	228	9	matthew	matthew	PROPN
ftr-315	228	10	sullivan	sullivan	PROPN
ftr-315	228	11	,	,	PUNCT
ftr-315	228	12	deceptive	deceptive	ADJ
ftr-315	228	13	simplicity	simplicity	NOUN
ftr-315	228	14	:	:	PUNCT
ftr-315	228	15	continuing	continue	VERB
ftr-315	228	16	and	and	CCONJ
ftr-315	228	17	current	current	ADJ
ftr-315	228	18	issues	issue	NOUN
ftr-315	228	19	with	with	ADP
ftr-315	228	20	guaranteed	guarantee	VERB
ftr-315	228	21	payments	payment	NOUN
ftr-315	228	22	,	,	PUNCT
ftr-315	228	23	933	933	NUM
ftr-315	228	24	practising	practise	VERB
ftr-315	228	25	law	law	PROPN
ftr-315	228	26	institute	institute	NOUN
ftr-315	228	27	:	:	PUNCT
ftr-315	228	28	the	the	DET
ftr-315	228	29	corporate	corporate	ADJ
ftr-315	228	30	tax	tax	NOUN
ftr-315	228	31	practice	practice	NOUN
ftr-315	228	32	series	series	NOUN
ftr-315	228	33	:	:	PUNCT
ftr-315	228	34	strategies	strategy	NOUN
ftr-315	228	35	for	for	ADP
ftr-315	228	36	acquisitions	acquisition	NOUN
ftr-315	228	37	,	,	PUNCT
ftr-315	228	38	dispositions	disposition	NOUN
ftr-315	228	39	,	,	PUNCT
ftr-315	228	40	spin	spin	NOUN
ftr-315	228	41	-	-	PUNCT
ftr-315	228	42	offs	off	NOUN
ftr-315	228	43	,	,	PUNCT
ftr-315	228	44	joint	joint	ADJ
ftr-315	228	45	ventures	venture	NOUN
ftr-315	228	46	,	,	PUNCT
ftr-315	228	47	financings	financing	NOUN
ftr-315	228	48	,	,	PUNCT
ftr-315	228	49	reorganizations	reorganization	NOUN
ftr-315	228	50	&	&	CCONJ
ftr-315	228	51	restructuring	restructure	VERB
ftr-315	228	52	87	87	NUM
ftr-315	228	53	-	-	SYM
ftr-315	228	54	1	1	NUM
ftr-315	228	55	,	,	PUNCT
ftr-315	228	56	n.86	n.86	X
ftr-315	228	57	(	(	PUNCT
ftr-315	228	58	2010	2010	NUM
ftr-315	228	59	)	)	PUNCT
ftr-315	228	60	.	.	PUNCT
ftr-315	229	1	40	40	NUM
ftr-315	229	2	.	.	PUNCT
ftr-315	230	1	at	at	ADP
ftr-315	230	2	this	this	DET
ftr-315	230	3	point	point	NOUN
ftr-315	230	4	,	,	PUNCT
ftr-315	230	5	each	each	PRON
ftr-315	230	6	of	of	ADP
ftr-315	230	7	the	the	DET
ftr-315	230	8	lps	lps	PROPN
ftr-315	230	9	has	have	VERB
ftr-315	230	10	an	an	DET
ftr-315	230	11	outside	outside	ADJ
ftr-315	230	12	basis	basis	NOUN
ftr-315	230	13	and	and	CCONJ
ftr-315	230	14	capital	capital	NOUN
ftr-315	230	15	account	account	NOUN
ftr-315	230	16	of	of	ADP
ftr-315	230	17	$	$	SYM
ftr-315	230	18	200	200	NUM
ftr-315	230	19	,	,	PUNCT
ftr-315	230	20	and	and	CCONJ
ftr-315	230	21	the	the	DET
ftr-315	230	22	gp	gp	NOUN
ftr-315	230	23	has	have	VERB
ftr-315	230	24	a	a	DET
ftr-315	230	25	zero	zero	NUM
ftr-315	230	26	outside	outside	ADJ
ftr-315	230	27	basis	basis	NOUN
ftr-315	230	28	and	and	CCONJ
ftr-315	230	29	zero	zero	NUM
ftr-315	230	30	capital	capital	NOUN
ftr-315	230	31	account	account	NOUN
ftr-315	230	32	.	.	PUNCT
ftr-315	231	1	i.r.c	i.r.c	NOUN
ftr-315	231	2	.	.	PUNCT
ftr-315	232	1	§	§	PROPN
ftr-315	232	2	722	722	NUM
ftr-315	232	3	;	;	PUNCT
ftr-315	232	4	reg	reg	NOUN
ftr-315	232	5	.	.	PUNCT
ftr-315	233	1	§	§	PROPN
ftr-315	233	2	1.704	1.704	NUM
ftr-315	233	3	-	-	NUM
ftr-315	233	4	1(b)(2)(iv)(b)(1	1(b)(2)(iv)(b)(1	NUM
ftr-315	233	5	)	)	PUNCT
ftr-315	233	6	.	.	PUNCT
ftr-315	234	1	41	41	NUM
ftr-315	234	2	.	.	PUNCT
ftr-315	235	1	this	this	PRON
ftr-315	235	2	takes	take	VERB
ftr-315	235	3	the	the	DET
ftr-315	235	4	gp	gp	NOUN
ftr-315	235	5	’s	’s	NOUN
ftr-315	235	6	outside	outside	ADJ
ftr-315	235	7	basis	basis	NOUN
ftr-315	235	8	to	to	ADP
ftr-315	235	9	$	$	SYM
ftr-315	235	10	30	30	NUM
ftr-315	235	11	and	and	CCONJ
ftr-315	235	12	the	the	DET
ftr-315	235	13	gp	gp	NOUN
ftr-315	235	14	’s	’s	PART
ftr-315	235	15	capital	capital	NOUN
ftr-315	235	16	account	account	NOUN
ftr-315	235	17	to	to	ADP
ftr-315	235	18	$	$	SYM
ftr-315	235	19	30	30	NUM
ftr-315	235	20	.	.	PUNCT
ftr-315	235	21	i.r.c	i.r.c	NOUN
ftr-315	235	22	.	.	PUNCT
ftr-315	236	1	§	§	PROPN
ftr-315	236	2	705(a)(1	705(a)(1	NOUN
ftr-315	236	3	)	)	PUNCT
ftr-315	236	4	;	;	PUNCT
ftr-315	237	1	reg	reg	NOUN
ftr-315	237	2	.	.	PUNCT
ftr-315	238	1	§	§	PROPN
ftr-315	238	2	1.704	1.704	NUM
ftr-315	238	3	-	-	NUM
ftr-315	238	4	1(b)(2)(iv)(b)(3	1(b)(2)(iv)(b)(3	NUM
ftr-315	238	5	)	)	PUNCT
ftr-315	238	6	.	.	PUNCT
ftr-315	239	1	42	42	NUM
ftr-315	239	2	.	.	PUNCT
ftr-315	240	1	assuming	assume	VERB
ftr-315	240	2	that	that	SCONJ
ftr-315	240	3	the	the	DET
ftr-315	240	4	lps	lps	PROPN
ftr-315	240	5	are	be	AUX
ftr-315	240	6	equal	equal	ADJ
ftr-315	240	7	partners	partner	NOUN
ftr-315	240	8	,	,	PUNCT
ftr-315	240	9	the	the	DET
ftr-315	240	10	$	$	SYM
ftr-315	240	11	120	120	NUM
ftr-315	240	12	allocated	allocate	VERB
ftr-315	240	13	to	to	ADP
ftr-315	240	14	the	the	DET
ftr-315	240	15	lps	lps	PROPN
ftr-315	240	16	would	would	AUX
ftr-315	240	17	be	be	AUX
ftr-315	240	18	split	split	VERB
ftr-315	240	19	among	among	ADP
ftr-315	240	20	the	the	DET
ftr-315	240	21	5	5	NUM
ftr-315	240	22	lps	lp	NOUN
ftr-315	240	23	,	,	PUNCT
ftr-315	240	24	so	so	SCONJ
ftr-315	240	25	each	each	PRON
ftr-315	240	26	would	would	AUX
ftr-315	240	27	receive	receive	VERB
ftr-315	240	28	an	an	DET
ftr-315	240	29	allocation	allocation	NOUN
ftr-315	240	30	of	of	ADP
ftr-315	240	31	$	$	SYM
ftr-315	240	32	22	22	NUM
ftr-315	240	33	.	.	PUNCT
ftr-315	241	1	as	as	ADP
ftr-315	241	2	a	a	DET
ftr-315	241	3	result	result	NOUN
ftr-315	241	4	,	,	PUNCT
ftr-315	241	5	each	each	DET
ftr-315	241	6	lp	lp	NOUN
ftr-315	241	7	would	would	AUX
ftr-315	241	8	have	have	VERB
ftr-315	241	9	an	an	DET
ftr-315	241	10	outside	outside	ADJ
ftr-315	241	11	basis	basis	NOUN
ftr-315	241	12	and	and	CCONJ
ftr-315	241	13	a	a	DET
ftr-315	241	14	capital	capital	NOUN
ftr-315	241	15	account	account	NOUN
ftr-315	241	16	of	of	ADP
ftr-315	241	17	$	$	SYM
ftr-315	241	18	222	222	NUM
ftr-315	241	19	.	.	PUNCT
ftr-315	242	1	i.r.c	i.r.c	NOUN
ftr-315	242	2	.	.	PUNCT
ftr-315	243	1	§	§	PROPN
ftr-315	243	2	705(a)(1	705(a)(1	NOUN
ftr-315	243	3	)	)	PUNCT
ftr-315	243	4	;	;	PUNCT
ftr-315	244	1	reg	reg	NOUN
ftr-315	244	2	.	.	PUNCT
ftr-315	245	1	§	§	PROPN
ftr-315	245	2	1.704	1.704	NUM
ftr-315	245	3	-	-	NUM
ftr-315	245	4	1(b)(2)(iv)(b)(3	1(b)(2)(iv)(b)(3	NUM
ftr-315	245	5	)	)	PUNCT
ftr-315	245	6	.	.	PUNCT
ftr-315	246	1	43	43	NUM
ftr-315	246	2	.	.	PUNCT
ftr-315	247	1	see	see	VERB
ftr-315	247	2	,	,	PUNCT
ftr-315	247	3	e.g.	e.g.	ADV
ftr-315	247	4	,	,	PUNCT
ftr-315	247	5	levin	levin	PROPN
ftr-315	247	6	,	,	PUNCT
ftr-315	247	7	venture	venture	NOUN
ftr-315	247	8	capital	capital	NOUN
ftr-315	247	9	,	,	PUNCT
ftr-315	247	10	supra	supra	PROPN
ftr-315	247	11	note	note	PROPN
ftr-315	247	12	14	14	NUM
ftr-315	247	13	,	,	PUNCT
ftr-315	247	14	at	at	ADP
ftr-315	247	15	¶	¶	PROPN
ftr-315	247	16	1003.4	1003.4	NUM
ftr-315	247	17	(	(	PUNCT
ftr-315	247	18	describing	describe	VERB
ftr-315	247	19	this	this	PRON
ftr-315	247	20	as	as	ADP
ftr-315	247	21	a	a	DET
ftr-315	247	22	“	"	PUNCT
ftr-315	247	23	middle	middle	ADJ
ftr-315	247	24	ground	ground	NOUN
ftr-315	247	25	”	"	PUNCT
ftr-315	247	26	approach	approach	NOUN
ftr-315	247	27	to	to	ADP
ftr-315	247	28	distributions	distribution	NOUN
ftr-315	247	29	)	)	PUNCT
ftr-315	247	30	.	.	PUNCT
ftr-315	248	1	as	as	ADP
ftr-315	248	2	a	a	DET
ftr-315	248	3	result	result	NOUN
ftr-315	248	4	,	,	PUNCT
ftr-315	248	5	each	each	DET
ftr-315	248	6	lp	lp	NOUN
ftr-315	248	7	ends	end	VERB
ftr-315	248	8	up	up	ADP
ftr-315	248	9	with	with	ADP
ftr-315	248	10	an	an	DET
ftr-315	248	11	outside	outside	ADJ
ftr-315	248	12	basis	basis	NOUN
ftr-315	248	13	and	and	CCONJ
ftr-315	248	14	a	a	DET
ftr-315	248	15	capital	capital	NOUN
ftr-315	248	16	account	account	NOUN
ftr-315	248	17	of	of	ADP
ftr-315	248	18	$	$	SYM
ftr-315	248	19	120	120	NUM
ftr-315	248	20	,	,	PUNCT
ftr-315	248	21	and	and	CCONJ
ftr-315	248	22	the	the	DET
ftr-315	248	23	gp	gp	NOUN
ftr-315	248	24	ends	end	VERB
ftr-315	248	25	up	up	ADP
ftr-315	248	26	with	with	ADP
ftr-315	248	27	an	an	DET
ftr-315	248	28	outside	outside	ADJ
ftr-315	248	29	basis	basis	NOUN
ftr-315	248	30	and	and	CCONJ
ftr-315	248	31	a	a	DET
ftr-315	248	32	capital	capital	NOUN
ftr-315	248	33	account	account	NOUN
ftr-315	248	34	of	of	ADP
ftr-315	248	35	zero	zero	NUM
ftr-315	248	36	.	.	PUNCT
ftr-315	248	37	i.r.c	i.r.c	NOUN
ftr-315	248	38	.	.	PUNCT
ftr-315	249	1	§	§	PROPN
ftr-315	249	2	733	733	NUM
ftr-315	249	3	;	;	PUNCT
ftr-315	249	4	reg	reg	NOUN
ftr-315	249	5	.	.	PUNCT
ftr-315	250	1	§	§	PROPN
ftr-315	250	2	1.7041(b)(2)(iv)(b)(4	1.7041(b)(2)(iv)(b)(4	NUM
ftr-315	250	3	)	)	PUNCT
ftr-315	250	4	.	.	PUNCT
ftr-315	251	1	the	the	DET
ftr-315	251	2	same	same	ADJ
ftr-315	251	3	distributions	distribution	NOUN
ftr-315	251	4	would	would	AUX
ftr-315	251	5	be	be	AUX
ftr-315	251	6	made	make	VERB
ftr-315	251	7	in	in	ADP
ftr-315	251	8	the	the	DET
ftr-315	251	9	example	example	NOUN
ftr-315	251	10	if	if	SCONJ
ftr-315	251	11	the	the	DET
ftr-315	251	12	fund	fund	NOUN
ftr-315	251	13	2012	2012	NUM
ftr-315	251	14	]	]	PUNCT
ftr-315	251	15	“	"	PUNCT
ftr-315	251	16	carried	carry	VERB
ftr-315	251	17	interest	interest	NOUN
ftr-315	251	18	”	"	PUNCT
ftr-315	251	19	tax	tax	NOUN
ftr-315	251	20	proposals	proposal	NOUN
ftr-315	251	21	15	15	NUM
ftr-315	251	22	if	if	SCONJ
ftr-315	251	23	,	,	PUNCT
ftr-315	251	24	in	in	ADP
ftr-315	251	25	year	year	NOUN
ftr-315	251	26	3	3	NUM
ftr-315	251	27	,	,	PUNCT
ftr-315	251	28	asset	asset	NOUN
ftr-315	251	29	b	b	PROPN
ftr-315	251	30	declines	decline	VERB
ftr-315	251	31	in	in	ADP
ftr-315	251	32	value	value	NOUN
ftr-315	251	33	to	to	ADP
ftr-315	251	34	$	$	SYM
ftr-315	251	35	500	500	NUM
ftr-315	251	36	and	and	CCONJ
ftr-315	251	37	the	the	DET
ftr-315	251	38	gp	gp	NOUN
ftr-315	251	39	causes	cause	VERB
ftr-315	251	40	the	the	DET
ftr-315	251	41	fund	fund	NOUN
ftr-315	251	42	to	to	PART
ftr-315	251	43	sell	sell	VERB
ftr-315	251	44	it	it	PRON
ftr-315	251	45	at	at	ADP
ftr-315	251	46	that	that	DET
ftr-315	251	47	price	price	NOUN
ftr-315	251	48	,	,	PUNCT
ftr-315	251	49	the	the	DET
ftr-315	251	50	fund	fund	NOUN
ftr-315	251	51	would	would	AUX
ftr-315	251	52	experience	experience	VERB
ftr-315	251	53	a	a	DET
ftr-315	251	54	$	$	SYM
ftr-315	251	55	100	100	NUM
ftr-315	251	56	loss	loss	NOUN
ftr-315	251	57	on	on	ADP
ftr-315	251	58	that	that	DET
ftr-315	251	59	asset	asset	NOUN
ftr-315	251	60	.	.	PUNCT
ftr-315	252	1	as	as	ADP
ftr-315	252	2	a	a	DET
ftr-315	252	3	result	result	NOUN
ftr-315	252	4	,	,	PUNCT
ftr-315	252	5	the	the	DET
ftr-315	252	6	net	net	ADJ
ftr-315	252	7	profit	profit	NOUN
ftr-315	252	8	earned	earn	VERB
ftr-315	252	9	by	by	ADP
ftr-315	252	10	the	the	DET
ftr-315	252	11	fund	fund	NOUN
ftr-315	252	12	during	during	ADP
ftr-315	252	13	its	its	PRON
ftr-315	252	14	life	life	NOUN
ftr-315	252	15	would	would	AUX
ftr-315	252	16	be	be	AUX
ftr-315	252	17	$	$	SYM
ftr-315	252	18	50	50	NUM
ftr-315	252	19	(	(	PUNCT
ftr-315	252	20	$	$	SYM
ftr-315	252	21	150	150	NUM
ftr-315	252	22	gain	gain	NOUN
ftr-315	252	23	from	from	ADP
ftr-315	252	24	asset	asset	NOUN
ftr-315	252	25	a	a	DET
ftr-315	252	26	minus	minus	CCONJ
ftr-315	252	27	$	$	SYM
ftr-315	252	28	100	100	NUM
ftr-315	252	29	loss	loss	NOUN
ftr-315	252	30	from	from	ADP
ftr-315	252	31	asset	asset	NOUN
ftr-315	252	32	b	b	PROPN
ftr-315	252	33	)	)	PUNCT
ftr-315	252	34	.	.	PUNCT
ftr-315	253	1	thus	thus	ADV
ftr-315	253	2	,	,	PUNCT
ftr-315	253	3	the	the	DET
ftr-315	253	4	gp	gp	NOUN
ftr-315	253	5	should	should	AUX
ftr-315	253	6	only	only	ADV
ftr-315	253	7	be	be	AUX
ftr-315	253	8	entitled	entitle	VERB
ftr-315	253	9	to	to	ADP
ftr-315	253	10	a	a	DET
ftr-315	253	11	total	total	ADJ
ftr-315	253	12	carry	carry	NOUN
ftr-315	253	13	of	of	ADP
ftr-315	253	14	$	$	SYM
ftr-315	253	15	10	10	NUM
ftr-315	253	16	(	(	PUNCT
ftr-315	253	17	20	20	NUM
ftr-315	253	18	percent	percent	NOUN
ftr-315	253	19	of	of	ADP
ftr-315	253	20	the	the	DET
ftr-315	253	21	$	$	SYM
ftr-315	253	22	50	50	NUM
ftr-315	253	23	net	net	ADJ
ftr-315	253	24	profit	profit	NOUN
ftr-315	253	25	)	)	PUNCT
ftr-315	253	26	,	,	PUNCT
ftr-315	253	27	and	and	CCONJ
ftr-315	253	28	the	the	DET
ftr-315	253	29	remaining	remain	VERB
ftr-315	253	30	net	net	ADJ
ftr-315	253	31	profit	profit	NOUN
ftr-315	253	32	(	(	PUNCT
ftr-315	253	33	$	$	SYM
ftr-315	253	34	40	40	NUM
ftr-315	253	35	)	)	PUNCT
ftr-315	253	36	should	should	AUX
ftr-315	253	37	belong	belong	VERB
ftr-315	253	38	to	to	ADP
ftr-315	253	39	the	the	DET
ftr-315	253	40	lps	lps	PROPN
ftr-315	253	41	.	.	PUNCT
ftr-315	254	1	but	but	CCONJ
ftr-315	254	2	,	,	PUNCT
ftr-315	254	3	the	the	DET
ftr-315	254	4	gp	gp	NOUN
ftr-315	254	5	already	already	ADV
ftr-315	254	6	received	receive	VERB
ftr-315	254	7	a	a	DET
ftr-315	254	8	distribution	distribution	NOUN
ftr-315	254	9	of	of	ADP
ftr-315	254	10	$	$	SYM
ftr-315	254	11	30	30	NUM
ftr-315	254	12	during	during	ADP
ftr-315	254	13	year	year	NOUN
ftr-315	254	14	2	2	NUM
ftr-315	254	15	.	.	PUNCT
ftr-315	254	16	because	because	SCONJ
ftr-315	254	17	an	an	DET
ftr-315	254	18	early	early	ADJ
ftr-315	254	19	transaction	transaction	NOUN
ftr-315	254	20	produced	produce	VERB
ftr-315	254	21	profits	profit	NOUN
ftr-315	254	22	and	and	CCONJ
ftr-315	254	23	a	a	DET
ftr-315	254	24	later	later	ADJ
ftr-315	254	25	transaction	transaction	NOUN
ftr-315	254	26	produced	produce	VERB
ftr-315	254	27	losses	loss	NOUN
ftr-315	254	28	,	,	PUNCT
ftr-315	254	29	the	the	DET
ftr-315	254	30	fund	fund	NOUN
ftr-315	254	31	distributed	distribute	VERB
ftr-315	254	32	too	too	ADV
ftr-315	254	33	much	much	ADJ
ftr-315	254	34	money	money	NOUN
ftr-315	254	35	to	to	ADP
ftr-315	254	36	the	the	DET
ftr-315	254	37	gp	gp	NOUN
ftr-315	254	38	.	.	PUNCT
ftr-315	255	1	in	in	ADP
ftr-315	255	2	the	the	DET
ftr-315	255	3	absence	absence	NOUN
ftr-315	255	4	of	of	ADP
ftr-315	255	5	a	a	DET
ftr-315	255	6	fund	fund	NOUN
ftr-315	255	7	agreement	agreement	NOUN
ftr-315	255	8	provision	provision	NOUN
ftr-315	255	9	to	to	ADP
ftr-315	255	10	the	the	DET
ftr-315	255	11	contrary	contrary	NOUN
ftr-315	255	12	,	,	PUNCT
ftr-315	255	13	the	the	DET
ftr-315	255	14	$	$	SYM
ftr-315	255	15	500	500	NUM
ftr-315	255	16	proceeds	proceed	NOUN
ftr-315	255	17	from	from	ADP
ftr-315	255	18	the	the	DET
ftr-315	255	19	sale	sale	NOUN
ftr-315	255	20	of	of	ADP
ftr-315	255	21	asset	asset	NOUN
ftr-315	255	22	b	b	NOUN
ftr-315	255	23	would	would	AUX
ftr-315	255	24	be	be	AUX
ftr-315	255	25	distributed	distribute	VERB
ftr-315	255	26	to	to	ADP
ftr-315	255	27	the	the	DET
ftr-315	255	28	lps	lps	PROPN
ftr-315	255	29	as	as	ADP
ftr-315	255	30	a	a	DET
ftr-315	255	31	return	return	NOUN
ftr-315	255	32	of	of	ADP
ftr-315	255	33	the	the	DET
ftr-315	255	34	lps	lps	PROPN
ftr-315	255	35	’	'	PUNCT
ftr-315	255	36	capital	capital	NOUN
ftr-315	255	37	contribution	contribution	NOUN
ftr-315	255	38	.	.	PUNCT
ftr-315	256	1	that	that	PRON
ftr-315	256	2	is	be	AUX
ftr-315	256	3	,	,	PUNCT
ftr-315	256	4	rather	rather	ADV
ftr-315	256	5	than	than	ADP
ftr-315	256	6	allocating	allocate	VERB
ftr-315	256	7	the	the	DET
ftr-315	256	8	$	$	SYM
ftr-315	256	9	100	100	NUM
ftr-315	256	10	loss	loss	NOUN
ftr-315	256	11	$	$	SYM
ftr-315	256	12	20	20	NUM
ftr-315	256	13	to	to	ADP
ftr-315	256	14	the	the	DET
ftr-315	256	15	gp	gp	NOUN
ftr-315	256	16	and	and	CCONJ
ftr-315	256	17	$	$	SYM
ftr-315	256	18	80	80	NUM
ftr-315	256	19	to	to	ADP
ftr-315	256	20	the	the	DET
ftr-315	256	21	lps	lps	PROPN
ftr-315	256	22	,	,	PUNCT
ftr-315	256	23	the	the	DET
ftr-315	256	24	entire	entire	ADJ
ftr-315	256	25	$	$	SYM
ftr-315	256	26	100	100	NUM
ftr-315	256	27	of	of	ADP
ftr-315	256	28	loss	loss	NOUN
ftr-315	256	29	is	be	AUX
ftr-315	256	30	allocated	allocate	VERB
ftr-315	256	31	to	to	ADP
ftr-315	256	32	the	the	DET
ftr-315	256	33	lps.44	lps.44	NOUN
ftr-315	256	34	thus	thus	ADV
ftr-315	256	35	,	,	PUNCT
ftr-315	256	36	upon	upon	SCONJ
ftr-315	256	37	a	a	DET
ftr-315	256	38	distribution	distribution	NOUN
ftr-315	256	39	in	in	ADP
ftr-315	256	40	accordance	accordance	NOUN
ftr-315	256	41	with	with	ADP
ftr-315	256	42	capital	capital	NOUN
ftr-315	256	43	accounts,45	accounts,45	NOUN
ftr-315	256	44	the	the	DET
ftr-315	256	45	lps	lps	PROPN
ftr-315	256	46	only	only	ADV
ftr-315	256	47	receive	receive	VERB
ftr-315	256	48	a	a	DET
ftr-315	256	49	total	total	ADJ
ftr-315	256	50	distribution	distribution	NOUN
ftr-315	256	51	of	of	ADP
ftr-315	256	52	$	$	SYM
ftr-315	256	53	500.46	500.46	NUM
ftr-315	256	54	as	as	ADP
ftr-315	256	55	a	a	DET
ftr-315	256	56	result	result	NOUN
ftr-315	256	57	,	,	PUNCT
ftr-315	256	58	the	the	DET
ftr-315	256	59	agreement	agreement	NOUN
ftr-315	256	60	first	first	ADV
ftr-315	256	61	provided	provide	VERB
ftr-315	256	62	for	for	ADP
ftr-315	256	63	distribution	distribution	NOUN
ftr-315	256	64	of	of	ADP
ftr-315	256	65	profits	profit	NOUN
ftr-315	256	66	,	,	PUNCT
ftr-315	256	67	followed	follow	VERB
ftr-315	256	68	by	by	ADP
ftr-315	256	69	a	a	DET
ftr-315	256	70	return	return	NOUN
ftr-315	256	71	of	of	ADP
ftr-315	256	72	the	the	DET
ftr-315	256	73	lps	lps	PROPN
ftr-315	256	74	’	'	PUNCT
ftr-315	256	75	capital	capital	NOUN
ftr-315	256	76	contributions	contribution	NOUN
ftr-315	256	77	with	with	ADP
ftr-315	256	78	respect	respect	NOUN
ftr-315	256	79	to	to	ADP
ftr-315	256	80	the	the	DET
ftr-315	256	81	investment	investment	NOUN
ftr-315	256	82	,	,	PUNCT
ftr-315	256	83	but	but	CCONJ
ftr-315	256	84	this	this	DET
ftr-315	256	85	distribution	distribution	NOUN
ftr-315	256	86	scheme	scheme	NOUN
ftr-315	256	87	is	be	AUX
ftr-315	256	88	relatively	relatively	ADV
ftr-315	256	89	uncommon	uncommon	ADJ
ftr-315	256	90	.	.	PUNCT
ftr-315	257	1	i	i	PRON
ftr-315	257	2	d.	d.	PROPN
ftr-315	257	3	at	at	ADP
ftr-315	257	4	¶1003.2	¶1003.2	PROPN
ftr-315	257	5	.	.	PUNCT
ftr-315	258	1	if	if	SCONJ
ftr-315	258	2	,	,	PUNCT
ftr-315	258	3	however	however	ADV
ftr-315	258	4	,	,	PUNCT
ftr-315	258	5	the	the	DET
ftr-315	258	6	fund	fund	NOUN
ftr-315	258	7	agreement	agreement	NOUN
ftr-315	258	8	provided	provide	VERB
ftr-315	258	9	that	that	SCONJ
ftr-315	258	10	the	the	DET
ftr-315	258	11	lps	lps	PROPN
ftr-315	258	12	are	be	AUX
ftr-315	258	13	entitled	entitle	VERB
ftr-315	258	14	to	to	ADP
ftr-315	258	15	a	a	DET
ftr-315	258	16	return	return	NOUN
ftr-315	258	17	of	of	ADP
ftr-315	258	18	their	their	PRON
ftr-315	258	19	entire	entire	ADJ
ftr-315	258	20	capital	capital	NOUN
ftr-315	258	21	contributions	contribution	NOUN
ftr-315	258	22	before	before	SCONJ
ftr-315	258	23	the	the	DET
ftr-315	258	24	gp	gp	NOUN
ftr-315	258	25	receives	receive	VERB
ftr-315	258	26	any	any	DET
ftr-315	258	27	distribution	distribution	NOUN
ftr-315	258	28	(	(	PUNCT
ftr-315	258	29	other	other	ADJ
ftr-315	258	30	than	than	ADP
ftr-315	258	31	tax	tax	NOUN
ftr-315	258	32	distributions	distribution	NOUN
ftr-315	258	33	)	)	PUNCT
ftr-315	258	34	,	,	PUNCT
ftr-315	258	35	this	this	DET
ftr-315	258	36	example	example	NOUN
ftr-315	258	37	would	would	AUX
ftr-315	258	38	operate	operate	VERB
ftr-315	258	39	a	a	DET
ftr-315	258	40	little	little	ADJ
ftr-315	258	41	differently	differently	ADV
ftr-315	258	42	.	.	PUNCT
ftr-315	259	1	i	i	PRON
ftr-315	259	2	d.	d.	PROPN
ftr-315	259	3	at	at	ADP
ftr-315	259	4	¶1003.1	¶1003.1	PROPN
ftr-315	259	5	,	,	PUNCT
ftr-315	259	6	.5	.5	NUM
ftr-315	259	7	(	(	PUNCT
ftr-315	259	8	describing	describe	VERB
ftr-315	259	9	this	this	DET
ftr-315	259	10	distribution	distribution	NOUN
ftr-315	259	11	scheme	scheme	NOUN
ftr-315	259	12	)	)	PUNCT
ftr-315	259	13	.	.	PUNCT
ftr-315	260	1	specifically	specifically	ADV
ftr-315	260	2	,	,	PUNCT
ftr-315	260	3	a	a	DET
ftr-315	260	4	tax	tax	NOUN
ftr-315	260	5	distribution	distribution	NOUN
ftr-315	260	6	of	of	ADP
ftr-315	260	7	$	$	SYM
ftr-315	260	8	4.50	4.50	NUM
ftr-315	260	9	(	(	PUNCT
ftr-315	260	10	15	15	NUM
ftr-315	260	11	percent	percent	NOUN
ftr-315	260	12	of	of	ADP
ftr-315	260	13	$	$	SYM
ftr-315	260	14	30	30	NUM
ftr-315	260	15	profits	profit	NOUN
ftr-315	260	16	)	)	PUNCT
ftr-315	260	17	would	would	AUX
ftr-315	260	18	be	be	AUX
ftr-315	260	19	made	make	VERB
ftr-315	260	20	to	to	ADP
ftr-315	260	21	the	the	DET
ftr-315	260	22	gp	gp	NOUN
ftr-315	260	23	,	,	PUNCT
ftr-315	260	24	and	and	CCONJ
ftr-315	260	25	the	the	DET
ftr-315	260	26	remaining	remain	VERB
ftr-315	260	27	$	$	SYM
ftr-315	260	28	545.50	545.50	NUM
ftr-315	260	29	would	would	AUX
ftr-315	260	30	be	be	AUX
ftr-315	260	31	distributed	distribute	VERB
ftr-315	260	32	to	to	ADP
ftr-315	260	33	the	the	DET
ftr-315	260	34	lps	lps	PROPN
ftr-315	260	35	.	.	PUNCT
ftr-315	261	1	in	in	ADP
ftr-315	261	2	this	this	DET
ftr-315	261	3	situation	situation	NOUN
ftr-315	261	4	,	,	PUNCT
ftr-315	261	5	the	the	DET
ftr-315	261	6	amounts	amount	NOUN
ftr-315	261	7	of	of	ADP
ftr-315	261	8	the	the	DET
ftr-315	261	9	distributions	distribution	NOUN
ftr-315	261	10	are	be	AUX
ftr-315	261	11	different	different	ADJ
ftr-315	261	12	than	than	ADP
ftr-315	261	13	in	in	ADP
ftr-315	261	14	the	the	DET
ftr-315	261	15	example	example	NOUN
ftr-315	261	16	from	from	ADP
ftr-315	261	17	the	the	DET
ftr-315	261	18	text	text	NOUN
ftr-315	261	19	,	,	PUNCT
ftr-315	261	20	but	but	CCONJ
ftr-315	261	21	this	this	DET
ftr-315	261	22	scenario	scenario	NOUN
ftr-315	261	23	still	still	ADV
ftr-315	261	24	raises	raise	VERB
ftr-315	261	25	the	the	DET
ftr-315	261	26	clawback	clawback	NOUN
ftr-315	261	27	problem	problem	NOUN
ftr-315	261	28	described	describe	VERB
ftr-315	261	29	in	in	ADP
ftr-315	261	30	this	this	DET
ftr-315	261	31	section	section	NOUN
ftr-315	261	32	because	because	SCONJ
ftr-315	261	33	,	,	PUNCT
ftr-315	261	34	as	as	SCONJ
ftr-315	261	35	will	will	AUX
ftr-315	261	36	be	be	AUX
ftr-315	261	37	noted	note	VERB
ftr-315	261	38	later	later	ADV
ftr-315	261	39	,	,	PUNCT
ftr-315	261	40	clawback	clawback	NOUN
ftr-315	261	41	obligations	obligation	NOUN
ftr-315	261	42	are	be	AUX
ftr-315	261	43	generally	generally	ADV
ftr-315	261	44	net	net	ADJ
ftr-315	261	45	of	of	ADP
ftr-315	261	46	taxes	taxis	NOUN
ftr-315	261	47	.	.	PUNCT
ftr-315	262	1	see	see	VERB
ftr-315	262	2	infra	infra	NOUN
ftr-315	262	3	part	part	NOUN
ftr-315	262	4	iii.a.1.c	iii.a.1.c	NOUN
ftr-315	262	5	.	.	PROPN
ftr-315	262	6	44	44	NUM
ftr-315	262	7	.	.	PUNCT
ftr-315	263	1	technically	technically	ADV
ftr-315	263	2	,	,	PUNCT
ftr-315	263	3	the	the	DET
ftr-315	263	4	allocations	allocation	NOUN
ftr-315	263	5	would	would	AUX
ftr-315	263	6	work	work	VERB
ftr-315	263	7	as	as	SCONJ
ftr-315	263	8	follows	follow	VERB
ftr-315	263	9	:	:	PUNCT
ftr-315	263	10	typically	typically	ADV
ftr-315	263	11	,	,	PUNCT
ftr-315	263	12	losses	loss	NOUN
ftr-315	263	13	would	would	AUX
ftr-315	263	14	be	be	AUX
ftr-315	263	15	allocated	allocate	VERB
ftr-315	263	16	first	first	ADV
ftr-315	263	17	to	to	PART
ftr-315	263	18	reverse	reverse	VERB
ftr-315	263	19	prior	prior	ADJ
ftr-315	263	20	allocations	allocation	NOUN
ftr-315	263	21	of	of	ADP
ftr-315	263	22	profit	profit	NOUN
ftr-315	263	23	.	.	PUNCT
ftr-315	264	1	see	see	VERB
ftr-315	264	2	levin	levin	PROPN
ftr-315	264	3	,	,	PUNCT
ftr-315	264	4	venture	venture	NOUN
ftr-315	264	5	capital	capital	NOUN
ftr-315	264	6	,	,	PUNCT
ftr-315	264	7	supra	supra	PROPN
ftr-315	264	8	note	note	PROPN
ftr-315	264	9	14	14	NUM
ftr-315	264	10	,	,	PUNCT
ftr-315	264	11	at	at	ADP
ftr-315	264	12	¶	¶	PROPN
ftr-315	264	13	1002.2	1002.2	NUM
ftr-315	264	14	.	.	PUNCT
ftr-315	265	1	thus	thus	ADV
ftr-315	265	2	,	,	PUNCT
ftr-315	265	3	$	$	SYM
ftr-315	265	4	80	80	NUM
ftr-315	265	5	of	of	ADP
ftr-315	265	6	the	the	DET
ftr-315	265	7	loss	loss	NOUN
ftr-315	265	8	(	(	PUNCT
ftr-315	265	9	80	80	NUM
ftr-315	265	10	percent	percent	NOUN
ftr-315	265	11	)	)	PUNCT
ftr-315	265	12	would	would	AUX
ftr-315	265	13	be	be	AUX
ftr-315	265	14	allocated	allocate	VERB
ftr-315	265	15	to	to	ADP
ftr-315	265	16	the	the	DET
ftr-315	265	17	lps	lps	PROPN
ftr-315	265	18	,	,	PUNCT
ftr-315	265	19	and	and	CCONJ
ftr-315	265	20	$	$	SYM
ftr-315	265	21	20	20	NUM
ftr-315	265	22	of	of	ADP
ftr-315	265	23	the	the	DET
ftr-315	265	24	loss	loss	NOUN
ftr-315	265	25	(	(	PUNCT
ftr-315	265	26	20	20	NUM
ftr-315	265	27	percent	percent	NOUN
ftr-315	265	28	)	)	PUNCT
ftr-315	265	29	would	would	AUX
ftr-315	265	30	be	be	AUX
ftr-315	265	31	allocated	allocate	VERB
ftr-315	265	32	to	to	ADP
ftr-315	265	33	the	the	DET
ftr-315	265	34	gp	gp	NOUN
ftr-315	265	35	(	(	PUNCT
ftr-315	265	36	bringing	bring	VERB
ftr-315	265	37	the	the	DET
ftr-315	265	38	gp	gp	NOUN
ftr-315	265	39	’s	’s	PART
ftr-315	265	40	net	net	ADJ
ftr-315	265	41	profit	profit	NOUN
ftr-315	265	42	allocation	allocation	NOUN
ftr-315	265	43	down	down	ADP
ftr-315	265	44	from	from	ADP
ftr-315	265	45	$	$	SYM
ftr-315	265	46	30	30	NUM
ftr-315	265	47	to	to	ADP
ftr-315	265	48	the	the	DET
ftr-315	265	49	gp	gp	NOUN
ftr-315	265	50	’s	’s	NOUN
ftr-315	265	51	rightful	rightful	ADJ
ftr-315	265	52	$	$	SYM
ftr-315	265	53	10	10	NUM
ftr-315	265	54	carry	carry	NOUN
ftr-315	265	55	)	)	PUNCT
ftr-315	265	56	.	.	PUNCT
ftr-315	266	1	however	however	ADV
ftr-315	266	2	,	,	PUNCT
ftr-315	266	3	in	in	ADP
ftr-315	266	4	the	the	DET
ftr-315	266	5	absence	absence	NOUN
ftr-315	266	6	of	of	ADP
ftr-315	266	7	a	a	DET
ftr-315	266	8	deficit	deficit	NOUN
ftr-315	266	9	restoration	restoration	NOUN
ftr-315	266	10	obligation	obligation	NOUN
ftr-315	266	11	(	(	PUNCT
ftr-315	266	12	which	which	PRON
ftr-315	266	13	gps	gp	VERB
ftr-315	266	14	in	in	ADP
ftr-315	266	15	investment	investment	NOUN
ftr-315	266	16	funds	fund	NOUN
ftr-315	266	17	typically	typically	ADV
ftr-315	266	18	do	do	AUX
ftr-315	266	19	not	not	PART
ftr-315	266	20	have	have	VERB
ftr-315	266	21	except	except	SCONJ
ftr-315	266	22	to	to	ADP
ftr-315	266	23	the	the	DET
ftr-315	266	24	extent	extent	NOUN
ftr-315	266	25	of	of	ADP
ftr-315	266	26	any	any	DET
ftr-315	266	27	clawback	clawback	NOUN
ftr-315	266	28	)	)	PUNCT
ftr-315	266	29	,	,	PUNCT
ftr-315	266	30	an	an	DET
ftr-315	266	31	allocation	allocation	NOUN
ftr-315	266	32	of	of	ADP
ftr-315	266	33	a	a	DET
ftr-315	266	34	$	$	SYM
ftr-315	266	35	20	20	NUM
ftr-315	266	36	loss	loss	NOUN
ftr-315	266	37	to	to	ADP
ftr-315	266	38	the	the	DET
ftr-315	266	39	gp	gp	NOUN
ftr-315	266	40	would	would	AUX
ftr-315	266	41	create	create	VERB
ftr-315	266	42	a	a	DET
ftr-315	266	43	deficit	deficit	NOUN
ftr-315	266	44	balance	balance	NOUN
ftr-315	266	45	in	in	ADP
ftr-315	266	46	the	the	DET
ftr-315	266	47	gp	gp	NOUN
ftr-315	266	48	’s	’s	PART
ftr-315	266	49	capital	capital	NOUN
ftr-315	266	50	account	account	NOUN
ftr-315	266	51	.	.	PUNCT
ftr-315	267	1	thus	thus	ADV
ftr-315	267	2	,	,	PUNCT
ftr-315	267	3	an	an	DET
ftr-315	267	4	allocation	allocation	NOUN
ftr-315	267	5	of	of	ADP
ftr-315	267	6	a	a	DET
ftr-315	267	7	$	$	SYM
ftr-315	267	8	20	20	NUM
ftr-315	267	9	loss	loss	NOUN
ftr-315	267	10	to	to	ADP
ftr-315	267	11	the	the	DET
ftr-315	267	12	gp	gp	NOUN
ftr-315	267	13	would	would	AUX
ftr-315	267	14	lack	lack	VERB
ftr-315	267	15	substantial	substantial	ADJ
ftr-315	267	16	economic	economic	ADJ
ftr-315	267	17	effect	effect	NOUN
ftr-315	267	18	,	,	PUNCT
ftr-315	267	19	and	and	CCONJ
ftr-315	267	20	the	the	DET
ftr-315	267	21	allocation	allocation	NOUN
ftr-315	267	22	would	would	AUX
ftr-315	267	23	not	not	PART
ftr-315	267	24	be	be	AUX
ftr-315	267	25	respected	respect	VERB
ftr-315	267	26	for	for	ADP
ftr-315	267	27	federal	federal	ADJ
ftr-315	267	28	income	income	NOUN
ftr-315	267	29	tax	tax	NOUN
ftr-315	267	30	purposes	purpose	NOUN
ftr-315	267	31	.	.	PUNCT
ftr-315	268	1	i.r.c	i.r.c	NOUN
ftr-315	268	2	.	.	PUNCT
ftr-315	269	1	§	§	PROPN
ftr-315	269	2	704(b	704(b	PROPN
ftr-315	269	3	)	)	PUNCT
ftr-315	269	4	;	;	PUNCT
ftr-315	269	5	regs	reg	NOUN
ftr-315	269	6	.	.	PUNCT
ftr-315	270	1	§	§	PROPN
ftr-315	270	2	§	§	PROPN
ftr-315	270	3	1.704	1.704	NUM
ftr-315	270	4	-	-	NUM
ftr-315	270	5	1(b)(2)(ii)(b	1(b)(2)(ii)(b	NUM
ftr-315	270	6	)	)	PUNCT
ftr-315	270	7	,	,	PUNCT
ftr-315	270	8	1.704	1.704	NUM
ftr-315	270	9	-	-	NUM
ftr-315	270	10	1(b)(2)(ii)(d	1(b)(2)(ii)(d	NUM
ftr-315	270	11	)	)	PUNCT
ftr-315	270	12	.	.	PUNCT
ftr-315	271	1	as	as	ADP
ftr-315	271	2	a	a	DET
ftr-315	271	3	result	result	NOUN
ftr-315	271	4	,	,	PUNCT
ftr-315	271	5	the	the	DET
ftr-315	271	6	partnership	partnership	NOUN
ftr-315	271	7	tax	tax	NOUN
ftr-315	271	8	regulations	regulation	NOUN
ftr-315	271	9	require	require	VERB
ftr-315	271	10	the	the	DET
ftr-315	271	11	loss	loss	NOUN
ftr-315	271	12	to	to	PART
ftr-315	271	13	be	be	AUX
ftr-315	271	14	reallocated	reallocate	VERB
ftr-315	271	15	to	to	ADP
ftr-315	271	16	the	the	DET
ftr-315	271	17	partners	partner	NOUN
ftr-315	271	18	that	that	PRON
ftr-315	271	19	would	would	AUX
ftr-315	271	20	bear	bear	VERB
ftr-315	271	21	the	the	DET
ftr-315	271	22	actual	actual	ADJ
ftr-315	271	23	economic	economic	ADJ
ftr-315	271	24	loss	loss	NOUN
ftr-315	271	25	—	—	PUNCT
ftr-315	271	26	here	here	ADV
ftr-315	271	27	,	,	PUNCT
ftr-315	271	28	the	the	DET
ftr-315	271	29	lps	lps	PROPN
ftr-315	271	30	.	.	PUNCT
ftr-315	271	31	i.r.c	i.r.c	PROPN
ftr-315	271	32	.	.	PUNCT
ftr-315	272	1	§	§	PROPN
ftr-315	272	2	704(b	704(b	PROPN
ftr-315	272	3	)	)	PUNCT
ftr-315	272	4	;	;	PUNCT
ftr-315	273	1	reg	reg	NOUN
ftr-315	273	2	.	.	PUNCT
ftr-315	274	1	§	§	PROPN
ftr-315	274	2	1.7041(b)(3)(iii	1.7041(b)(3)(iii	NUM
ftr-315	274	3	)	)	PUNCT
ftr-315	274	4	.	.	PUNCT
ftr-315	275	1	this	this	PRON
ftr-315	275	2	reduces	reduce	VERB
ftr-315	275	3	the	the	DET
ftr-315	275	4	lps	lps	PROPN
ftr-315	275	5	’	'	PUNCT
ftr-315	275	6	capital	capital	NOUN
ftr-315	275	7	accounts	account	NOUN
ftr-315	275	8	by	by	ADP
ftr-315	275	9	$	$	SYM
ftr-315	275	10	20	20	NUM
ftr-315	275	11	,	,	PUNCT
ftr-315	275	12	thereby	thereby	ADV
ftr-315	275	13	reducing	reduce	VERB
ftr-315	275	14	the	the	DET
ftr-315	275	15	amount	amount	NOUN
ftr-315	275	16	of	of	ADP
ftr-315	275	17	the	the	DET
ftr-315	275	18	distribution	distribution	NOUN
ftr-315	275	19	to	to	PART
ftr-315	275	20	which	which	PRON
ftr-315	275	21	the	the	DET
ftr-315	275	22	lps	lps	PROPN
ftr-315	275	23	are	be	AUX
ftr-315	275	24	entitled	entitle	VERB
ftr-315	275	25	(	(	PUNCT
ftr-315	275	26	assuming	assume	VERB
ftr-315	275	27	liquidating	liquidating	NOUN
ftr-315	275	28	distributions	distribution	NOUN
ftr-315	275	29	are	be	AUX
ftr-315	275	30	made	make	VERB
ftr-315	275	31	in	in	ADP
ftr-315	275	32	accordance	accordance	NOUN
ftr-315	275	33	with	with	ADP
ftr-315	275	34	capital	capital	NOUN
ftr-315	275	35	accounts	account	NOUN
ftr-315	275	36	)	)	PUNCT
ftr-315	275	37	.	.	PUNCT
ftr-315	276	1	alternatively	alternatively	ADV
ftr-315	276	2	,	,	PUNCT
ftr-315	276	3	the	the	DET
ftr-315	276	4	distortion	distortion	NOUN
ftr-315	276	5	described	describe	VERB
ftr-315	276	6	in	in	ADP
ftr-315	276	7	the	the	DET
ftr-315	276	8	text	text	NOUN
ftr-315	276	9	could	could	AUX
ftr-315	276	10	be	be	AUX
ftr-315	276	11	conceived	conceive	VERB
ftr-315	276	12	of	of	ADP
ftr-315	276	13	as	as	ADP
ftr-315	276	14	a	a	DET
ftr-315	276	15	“	"	PUNCT
ftr-315	276	16	capital	capital	NOUN
ftr-315	276	17	shift	shift	NOUN
ftr-315	276	18	”	"	PUNCT
ftr-315	276	19	for	for	ADP
ftr-315	276	20	federal	federal	ADJ
ftr-315	276	21	income	income	NOUN
ftr-315	276	22	tax	tax	NOUN
ftr-315	276	23	purposes	purpose	NOUN
ftr-315	276	24	,	,	PUNCT
ftr-315	276	25	which	which	PRON
ftr-315	276	26	would	would	AUX
ftr-315	276	27	ultimately	ultimately	ADV
ftr-315	276	28	have	have	VERB
ftr-315	276	29	a	a	DET
ftr-315	276	30	substantially	substantially	ADV
ftr-315	276	31	similar	similar	ADJ
ftr-315	276	32	tax	tax	NOUN
ftr-315	276	33	result	result	NOUN
ftr-315	276	34	.	.	PUNCT
ftr-315	277	1	45	45	NUM
ftr-315	277	2	.	.	PUNCT
ftr-315	278	1	the	the	DET
ftr-315	278	2	allocation	allocation	NOUN
ftr-315	278	3	of	of	ADP
ftr-315	278	4	the	the	DET
ftr-315	278	5	$	$	SYM
ftr-315	278	6	100	100	NUM
ftr-315	278	7	loss	loss	NOUN
ftr-315	278	8	entirely	entirely	ADV
ftr-315	278	9	to	to	ADP
ftr-315	278	10	the	the	DET
ftr-315	278	11	lps	lps	PROPN
ftr-315	278	12	means	mean	VERB
ftr-315	278	13	that	that	SCONJ
ftr-315	278	14	a	a	DET
ftr-315	278	15	$	$	SYM
ftr-315	278	16	20	20	NUM
ftr-315	278	17	loss	loss	NOUN
ftr-315	278	18	would	would	AUX
ftr-315	278	19	be	be	AUX
ftr-315	278	20	allocated	allocate	VERB
ftr-315	278	21	to	to	ADP
ftr-315	278	22	each	each	DET
ftr-315	278	23	lp	lp	NOUN
ftr-315	278	24	,	,	PUNCT
ftr-315	278	25	reducing	reduce	VERB
ftr-315	278	26	each	each	DET
ftr-315	278	27	lp	lp	NOUN
ftr-315	278	28	’s	’s	ADJ
ftr-315	278	29	outside	outside	ADJ
ftr-315	278	30	basis	basis	NOUN
ftr-315	278	31	and	and	CCONJ
ftr-315	278	32	capital	capital	NOUN
ftr-315	278	33	account	account	PROPN
ftr-315	278	34	16	16	NUM
ftr-315	278	35	florida	florida	PROPN
ftr-315	278	36	tax	tax	NOUN
ftr-315	278	37	review	review	NOUN
ftr-315	278	38	[	[	X
ftr-315	278	39	vol.13:1	vol.13:1	ADJ
ftr-315	278	40	lps	lps	PROPN
ftr-315	278	41	would	would	AUX
ftr-315	278	42	receive	receive	VERB
ftr-315	278	43	a	a	DET
ftr-315	278	44	total	total	NOUN
ftr-315	278	45	of	of	ADP
ftr-315	278	46	$	$	SYM
ftr-315	278	47	1020	1020	NUM
ftr-315	278	48	from	from	ADP
ftr-315	278	49	the	the	DET
ftr-315	278	50	fund	fund	NOUN
ftr-315	278	51	(	(	PUNCT
ftr-315	278	52	$	$	SYM
ftr-315	278	53	520	520	NUM
ftr-315	278	54	in	in	ADP
ftr-315	278	55	year	year	NOUN
ftr-315	278	56	2	2	NUM
ftr-315	278	57	and	and	CCONJ
ftr-315	278	58	$	$	SYM
ftr-315	278	59	500	500	NUM
ftr-315	278	60	in	in	ADP
ftr-315	278	61	year	year	NOUN
ftr-315	278	62	3	3	NUM
ftr-315	278	63	)	)	PUNCT
ftr-315	278	64	,	,	PUNCT
ftr-315	278	65	i.e.	i.e.	X
ftr-315	278	66	,	,	PUNCT
ftr-315	278	67	a	a	DET
ftr-315	278	68	net	net	NOUN
ftr-315	278	69	of	of	ADP
ftr-315	278	70	only	only	ADV
ftr-315	278	71	$	$	SYM
ftr-315	278	72	20	20	NUM
ftr-315	278	73	of	of	ADP
ftr-315	278	74	profit	profit	NOUN
ftr-315	278	75	rather	rather	ADV
ftr-315	278	76	than	than	ADP
ftr-315	278	77	the	the	DET
ftr-315	278	78	$	$	SYM
ftr-315	278	79	40	40	NUM
ftr-315	278	80	to	to	PART
ftr-315	278	81	which	which	PRON
ftr-315	278	82	the	the	DET
ftr-315	278	83	lps	lps	PROPN
ftr-315	278	84	are	be	AUX
ftr-315	278	85	entitled	entitle	VERB
ftr-315	278	86	(	(	PUNCT
ftr-315	278	87	80	80	NUM
ftr-315	278	88	percent	percent	NOUN
ftr-315	278	89	of	of	ADP
ftr-315	278	90	the	the	DET
ftr-315	278	91	$	$	SYM
ftr-315	278	92	50	50	NUM
ftr-315	278	93	net	net	ADJ
ftr-315	278	94	profit	profit	NOUN
ftr-315	278	95	)	)	PUNCT
ftr-315	278	96	.	.	PUNCT
ftr-315	279	1	additionally	additionally	ADV
ftr-315	279	2	,	,	PUNCT
ftr-315	279	3	the	the	DET
ftr-315	279	4	gp	gp	NOUN
ftr-315	279	5	would	would	AUX
ftr-315	279	6	keep	keep	VERB
ftr-315	279	7	the	the	DET
ftr-315	279	8	$	$	SYM
ftr-315	279	9	30	30	NUM
ftr-315	279	10	carry	carry	VERB
ftr-315	279	11	even	even	ADV
ftr-315	279	12	though	though	SCONJ
ftr-315	279	13	the	the	DET
ftr-315	279	14	gp	gp	NOUN
ftr-315	279	15	’s	’s	PART
ftr-315	279	16	rightful	rightful	ADJ
ftr-315	279	17	20	20	NUM
ftr-315	279	18	percent	percent	NOUN
ftr-315	279	19	carry	carry	VERB
ftr-315	279	20	on	on	ADP
ftr-315	279	21	the	the	DET
ftr-315	279	22	fund	fund	NOUN
ftr-315	279	23	’s	’s	PART
ftr-315	279	24	net	net	ADJ
ftr-315	279	25	profits	profit	NOUN
ftr-315	279	26	is	be	AUX
ftr-315	279	27	only	only	ADV
ftr-315	279	28	$	$	SYM
ftr-315	279	29	10	10	NUM
ftr-315	279	30	.	.	PUNCT
ftr-315	280	1	(	(	PUNCT
ftr-315	280	2	2	2	X
ftr-315	280	3	)	)	PUNCT
ftr-315	280	4	the	the	DET
ftr-315	280	5	many	many	ADJ
ftr-315	280	6	problems	problem	NOUN
ftr-315	280	7	presented	present	VERB
ftr-315	280	8	by	by	ADP
ftr-315	280	9	example	example	NOUN
ftr-315	280	10	#	#	SYM
ftr-315	280	11	1	1	NUM
ftr-315	280	12	recall	recall	NOUN
ftr-315	280	13	that	that	SCONJ
ftr-315	280	14	,	,	PUNCT
ftr-315	280	15	in	in	ADP
ftr-315	280	16	the	the	DET
ftr-315	280	17	example	example	NOUN
ftr-315	280	18	,	,	PUNCT
ftr-315	280	19	the	the	DET
ftr-315	280	20	parties	party	NOUN
ftr-315	280	21	agreed	agree	VERB
ftr-315	280	22	that	that	SCONJ
ftr-315	280	23	the	the	DET
ftr-315	280	24	gp	gp	NOUN
ftr-315	280	25	’s	’s	PART
ftr-315	280	26	carry	carry	NOUN
ftr-315	280	27	is	be	AUX
ftr-315	280	28	to	to	PART
ftr-315	280	29	be	be	AUX
ftr-315	280	30	calculated	calculate	VERB
ftr-315	280	31	on	on	ADP
ftr-315	280	32	an	an	DET
ftr-315	280	33	aggregate	aggregate	ADJ
ftr-315	280	34	basis	basis	NOUN
ftr-315	280	35	,	,	PUNCT
ftr-315	280	36	meaning	mean	VERB
ftr-315	280	37	that	that	SCONJ
ftr-315	280	38	,	,	PUNCT
ftr-315	280	39	under	under	ADP
ftr-315	280	40	the	the	DET
ftr-315	280	41	foregoing	forego	VERB
ftr-315	280	42	facts	fact	NOUN
ftr-315	280	43	,	,	PUNCT
ftr-315	280	44	the	the	DET
ftr-315	280	45	gp	gp	NOUN
ftr-315	280	46	should	should	AUX
ftr-315	280	47	only	only	ADV
ftr-315	280	48	be	be	AUX
ftr-315	280	49	entitled	entitle	VERB
ftr-315	280	50	to	to	ADP
ftr-315	280	51	a	a	DET
ftr-315	280	52	$	$	SYM
ftr-315	280	53	10	10	NUM
ftr-315	280	54	carry	carry	NOUN
ftr-315	280	55	.	.	PUNCT
ftr-315	281	1	clearly	clearly	ADV
ftr-315	281	2	,	,	PUNCT
ftr-315	281	3	the	the	DET
ftr-315	281	4	intended	intend	VERB
ftr-315	281	5	economic	economic	ADJ
ftr-315	281	6	deal	deal	NOUN
ftr-315	281	7	is	be	AUX
ftr-315	281	8	distorted	distort	VERB
ftr-315	281	9	if	if	SCONJ
ftr-315	281	10	the	the	DET
ftr-315	281	11	gp	gp	NOUN
ftr-315	281	12	is	be	AUX
ftr-315	281	13	allowed	allow	VERB
ftr-315	281	14	to	to	PART
ftr-315	281	15	keep	keep	VERB
ftr-315	281	16	$	$	SYM
ftr-315	281	17	30	30	NUM
ftr-315	281	18	when	when	SCONJ
ftr-315	281	19	the	the	DET
ftr-315	281	20	gp	gp	NOUN
ftr-315	281	21	has	have	AUX
ftr-315	281	22	only	only	ADV
ftr-315	281	23	“	"	PUNCT
ftr-315	281	24	earned	earn	VERB
ftr-315	281	25	”	"	PUNCT
ftr-315	281	26	a	a	DET
ftr-315	281	27	$	$	SYM
ftr-315	281	28	10	10	NUM
ftr-315	281	29	carry	carry	NOUN
ftr-315	281	30	and	and	CCONJ
ftr-315	281	31	if	if	SCONJ
ftr-315	281	32	the	the	DET
ftr-315	281	33	lps	lps	PROPN
ftr-315	281	34	only	only	ADV
ftr-315	281	35	receive	receive	VERB
ftr-315	281	36	$	$	SYM
ftr-315	281	37	1020	1020	NUM
ftr-315	281	38	when	when	SCONJ
ftr-315	281	39	they	they	PRON
ftr-315	281	40	are	be	AUX
ftr-315	281	41	“	"	PUNCT
ftr-315	281	42	entitled	entitle	VERB
ftr-315	281	43	”	"	PUNCT
ftr-315	281	44	to	to	ADP
ftr-315	281	45	$	$	SYM
ftr-315	281	46	1040.47	1040.47	NUM
ftr-315	281	47	in	in	ADP
ftr-315	281	48	addition	addition	NOUN
ftr-315	281	49	,	,	PUNCT
ftr-315	281	50	this	this	DET
ftr-315	281	51	arrangement	arrangement	NOUN
ftr-315	281	52	provides	provide	VERB
ftr-315	281	53	an	an	DET
ftr-315	281	54	incentive	incentive	NOUN
ftr-315	281	55	to	to	ADP
ftr-315	281	56	the	the	DET
ftr-315	281	57	gp	gp	NOUN
ftr-315	281	58	to	to	PART
ftr-315	281	59	strategically	strategically	ADV
ftr-315	281	60	time	time	VERB
ftr-315	281	61	the	the	DET
ftr-315	281	62	fund	fund	NOUN
ftr-315	281	63	’s	’s	PART
ftr-315	281	64	exit	exit	NOUN
ftr-315	281	65	from	from	ADP
ftr-315	281	66	various	various	ADJ
ftr-315	281	67	investments.48	investments.48	NOUN
ftr-315	281	68	specifically	specifically	ADV
ftr-315	281	69	,	,	PUNCT
ftr-315	281	70	the	the	DET
ftr-315	281	71	gp	gp	NOUN
ftr-315	281	72	would	would	AUX
ftr-315	281	73	be	be	AUX
ftr-315	281	74	incentivized	incentivize	VERB
ftr-315	281	75	to	to	PART
ftr-315	281	76	cause	cause	VERB
ftr-315	281	77	the	the	DET
ftr-315	281	78	fund	fund	NOUN
ftr-315	281	79	to	to	PART
ftr-315	281	80	exit	exit	VERB
ftr-315	281	81	profitable	profitable	ADJ
ftr-315	281	82	transactions	transaction	NOUN
ftr-315	281	83	(	(	PUNCT
ftr-315	281	84	from	from	ADP
ftr-315	281	85	which	which	PRON
ftr-315	281	86	the	the	DET
ftr-315	281	87	gp	gp	NOUN
ftr-315	281	88	receives	receive	VERB
ftr-315	281	89	a	a	DET
ftr-315	281	90	carry	carry	NOUN
ftr-315	281	91	)	)	PUNCT
ftr-315	281	92	prior	prior	ADV
ftr-315	281	93	to	to	ADP
ftr-315	281	94	unprofitable	unprofitable	ADJ
ftr-315	281	95	transactions	transaction	NOUN
ftr-315	281	96	(	(	PUNCT
ftr-315	281	97	which	which	PRON
ftr-315	281	98	would	would	AUX
ftr-315	281	99	reduce	reduce	VERB
ftr-315	281	100	the	the	DET
ftr-315	281	101	gp	gp	NOUN
ftr-315	281	102	’s	’s	PART
ftr-315	281	103	net	net	NOUN
ftr-315	281	104	carry	carry	VERB
ftr-315	281	105	if	if	SCONJ
ftr-315	281	106	the	the	DET
ftr-315	281	107	exit	exit	NOUN
ftr-315	281	108	from	from	ADP
ftr-315	281	109	the	the	DET
ftr-315	281	110	unprofitable	unprofitable	ADJ
ftr-315	281	111	transactions	transaction	NOUN
ftr-315	281	112	occurred	occur	VERB
ftr-315	281	113	prior	prior	ADV
ftr-315	281	114	to	to	ADP
ftr-315	281	115	or	or	CCONJ
ftr-315	281	116	simultaneously	simultaneously	ADV
ftr-315	281	117	with	with	ADP
ftr-315	281	118	the	the	DET
ftr-315	281	119	exit	exit	NOUN
ftr-315	281	120	from	from	ADP
ftr-315	281	121	profitable	profitable	ADJ
ftr-315	281	122	transactions).49	transactions).49	NOUN
ftr-315	281	123	further	far	ADV
ftr-315	281	124	,	,	PUNCT
ftr-315	281	125	given	give	VERB
ftr-315	281	126	the	the	DET
ftr-315	281	127	option	option	NOUN
ftr-315	281	128	-	-	PUNCT
ftr-315	281	129	like	like	ADJ
ftr-315	281	130	nature	nature	NOUN
ftr-315	281	131	of	of	ADP
ftr-315	281	132	the	the	DET
ftr-315	281	133	gp	gp	NOUN
ftr-315	281	134	’s	’s	PART
ftr-315	281	135	carried	carry	VERB
ftr-315	281	136	interest	interest	NOUN
ftr-315	281	137	,	,	PUNCT
ftr-315	281	138	the	the	DET
ftr-315	281	139	economic	economic	ADJ
ftr-315	281	140	outcome	outcome	NOUN
ftr-315	281	141	of	of	ADP
ftr-315	281	142	example	example	NOUN
ftr-315	281	143	#	#	SYM
ftr-315	281	144	1	1	NUM
ftr-315	281	145	could	could	AUX
ftr-315	281	146	encourage	encourage	VERB
ftr-315	281	147	increased	increased	ADJ
ftr-315	281	148	risk	risk	NOUN
ftr-315	281	149	-	-	PUNCT
ftr-315	281	150	taking	taking	NOUN
ftr-315	281	151	by	by	ADP
ftr-315	281	152	the	the	DET
ftr-315	281	153	gp	gp	NOUN
ftr-315	281	154	.	.	PUNCT
ftr-315	282	1	specifically	specifically	ADV
ftr-315	282	2	,	,	PUNCT
ftr-315	282	3	as	as	SCONJ
ftr-315	282	4	commentators	commentator	NOUN
ftr-315	282	5	have	have	AUX
ftr-315	282	6	explained	explain	VERB
ftr-315	282	7	,	,	PUNCT
ftr-315	282	8	a	a	DET
ftr-315	282	9	carried	carry	VERB
ftr-315	282	10	interest,50	interest,50	NOUN
ftr-315	282	11	upon	upon	SCONJ
ftr-315	282	12	grant	grant	NOUN
ftr-315	282	13	,	,	PUNCT
ftr-315	282	14	is	be	AUX
ftr-315	282	15	akin	akin	ADJ
ftr-315	282	16	to	to	ADP
ftr-315	282	17	an	an	DET
ftr-315	282	18	at	at	ADP
ftr-315	282	19	-	-	PUNCT
ftr-315	282	20	the	the	DET
ftr-315	282	21	-	-	PUNCT
ftr-315	282	22	money	money	NOUN
ftr-315	282	23	option	option	NOUN
ftr-315	282	24	on	on	ADP
ftr-315	282	25	a	a	DET
ftr-315	282	26	20	20	NUM
ftr-315	282	27	percent	percent	NOUN
ftr-315	282	28	interest	interest	NOUN
ftr-315	282	29	in	in	ADP
ftr-315	282	30	the	the	PRON
ftr-315	282	31	from	from	ADP
ftr-315	282	32	$	$	SYM
ftr-315	282	33	120	120	NUM
ftr-315	282	34	to	to	PART
ftr-315	282	35	$	$	SYM
ftr-315	282	36	100	100	NUM
ftr-315	282	37	.	.	PUNCT
ftr-315	283	1	see	see	VERB
ftr-315	283	2	supra	supra	PROPN
ftr-315	283	3	note	note	PROPN
ftr-315	283	4	43	43	NUM
ftr-315	283	5	(	(	PUNCT
ftr-315	283	6	explaining	explain	VERB
ftr-315	283	7	that	that	SCONJ
ftr-315	283	8	each	each	DET
ftr-315	283	9	lp	lp	NOUN
ftr-315	283	10	’s	’s	ADJ
ftr-315	283	11	outside	outside	ADJ
ftr-315	283	12	basis	basis	NOUN
ftr-315	283	13	and	and	CCONJ
ftr-315	283	14	capital	capital	NOUN
ftr-315	283	15	account	account	NOUN
ftr-315	283	16	is	be	AUX
ftr-315	283	17	$	$	SYM
ftr-315	283	18	120	120	NUM
ftr-315	283	19	prior	prior	ADV
ftr-315	283	20	to	to	ADP
ftr-315	283	21	the	the	DET
ftr-315	283	22	loss	loss	NOUN
ftr-315	283	23	allocation	allocation	NOUN
ftr-315	283	24	)	)	PUNCT
ftr-315	283	25	;	;	PUNCT
ftr-315	283	26	i.r.c	i.r.c	NOUN
ftr-315	283	27	.	.	PUNCT
ftr-315	284	1	§	§	PROPN
ftr-315	284	2	705(a)(2)(a	705(a)(2)(a	PROPN
ftr-315	284	3	)	)	PUNCT
ftr-315	284	4	;	;	PUNCT
ftr-315	285	1	reg	reg	NOUN
ftr-315	285	2	.	.	PUNCT
ftr-315	286	1	§	§	PROPN
ftr-315	286	2	1.704	1.704	NUM
ftr-315	286	3	-	-	NUM
ftr-315	286	4	1(b)(2)(iv)(b)(7	1(b)(2)(iv)(b)(7	NUM
ftr-315	286	5	)	)	PUNCT
ftr-315	286	6	.	.	PUNCT
ftr-315	287	1	46	46	NUM
ftr-315	287	2	.	.	PUNCT
ftr-315	288	1	one	one	NUM
ftr-315	288	2	fifth	fifth	NOUN
ftr-315	288	3	of	of	ADP
ftr-315	288	4	this	this	DET
ftr-315	288	5	total	total	ADJ
ftr-315	288	6	distribution	distribution	NOUN
ftr-315	288	7	,	,	PUNCT
ftr-315	288	8	$	$	SYM
ftr-315	288	9	100	100	NUM
ftr-315	288	10	(	(	PUNCT
ftr-315	288	11	i.e.	i.e.	X
ftr-315	288	12	,	,	PUNCT
ftr-315	288	13	the	the	DET
ftr-315	288	14	amount	amount	NOUN
ftr-315	288	15	equal	equal	ADJ
ftr-315	288	16	to	to	ADP
ftr-315	288	17	each	each	DET
ftr-315	288	18	lp	lp	PROPN
ftr-315	288	19	’s	’s	PART
ftr-315	288	20	capital	capital	NOUN
ftr-315	288	21	account	account	PROPN
ftr-315	288	22	)	)	PUNCT
ftr-315	288	23	,	,	PUNCT
ftr-315	288	24	would	would	AUX
ftr-315	288	25	be	be	AUX
ftr-315	288	26	distributed	distribute	VERB
ftr-315	288	27	to	to	ADP
ftr-315	288	28	each	each	DET
ftr-315	288	29	lp	lp	NOUN
ftr-315	288	30	.	.	PUNCT
ftr-315	289	1	47	47	NUM
ftr-315	289	2	.	.	PUNCT
ftr-315	290	1	when	when	SCONJ
ftr-315	290	2	a	a	DET
ftr-315	290	3	few	few	ADJ
ftr-315	290	4	more	more	ADJ
ftr-315	290	5	zeros	zero	NOUN
ftr-315	290	6	are	be	AUX
ftr-315	290	7	added	add	VERB
ftr-315	290	8	to	to	ADP
ftr-315	290	9	the	the	DET
ftr-315	290	10	end	end	NOUN
ftr-315	290	11	of	of	ADP
ftr-315	290	12	these	these	DET
ftr-315	290	13	numbers	number	NOUN
ftr-315	290	14	(	(	PUNCT
ftr-315	290	15	which	which	PRON
ftr-315	290	16	would	would	AUX
ftr-315	290	17	be	be	AUX
ftr-315	290	18	a	a	DET
ftr-315	290	19	much	much	ADV
ftr-315	290	20	better	well	ADJ
ftr-315	290	21	reflection	reflection	NOUN
ftr-315	290	22	of	of	ADP
ftr-315	290	23	the	the	DET
ftr-315	290	24	magnitude	magnitude	NOUN
ftr-315	290	25	of	of	ADP
ftr-315	290	26	actual	actual	ADJ
ftr-315	290	27	fund	fund	NOUN
ftr-315	290	28	investments	investment	NOUN
ftr-315	290	29	)	)	PUNCT
ftr-315	290	30	,	,	PUNCT
ftr-315	290	31	the	the	DET
ftr-315	290	32	distortions	distortion	NOUN
ftr-315	290	33	described	describe	VERB
ftr-315	290	34	herein	herein	NOUN
ftr-315	290	35	quickly	quickly	ADV
ftr-315	290	36	add	add	VERB
ftr-315	290	37	up	up	ADP
ftr-315	290	38	to	to	ADP
ftr-315	290	39	large	large	ADJ
ftr-315	290	40	sums	sum	NOUN
ftr-315	290	41	of	of	ADP
ftr-315	290	42	money	money	NOUN
ftr-315	290	43	.	.	PUNCT
ftr-315	291	1	48	48	NUM
ftr-315	291	2	.	.	PUNCT
ftr-315	292	1	see	see	VERB
ftr-315	292	2	also	also	ADV
ftr-315	292	3	gilson	gilson	PROPN
ftr-315	292	4	,	,	PUNCT
ftr-315	292	5	venture	venture	NOUN
ftr-315	292	6	capital	capital	NOUN
ftr-315	292	7	market	market	NOUN
ftr-315	292	8	,	,	PUNCT
ftr-315	292	9	supra	supra	PROPN
ftr-315	292	10	note	note	PROPN
ftr-315	292	11	17	17	NUM
ftr-315	292	12	,	,	PUNCT
ftr-315	292	13	at	at	ADP
ftr-315	292	14	1089	1089	NUM
ftr-315	292	15	(	(	PUNCT
ftr-315	292	16	explaining	explain	VERB
ftr-315	292	17	the	the	DET
ftr-315	292	18	timing	timing	NOUN
ftr-315	292	19	incentive	incentive	NOUN
ftr-315	292	20	created	create	VERB
ftr-315	292	21	by	by	ADP
ftr-315	292	22	a	a	DET
ftr-315	292	23	carried	carry	VERB
ftr-315	292	24	interest	interest	NOUN
ftr-315	292	25	in	in	ADP
ftr-315	292	26	the	the	DET
ftr-315	292	27	absence	absence	NOUN
ftr-315	292	28	of	of	ADP
ftr-315	292	29	a	a	DET
ftr-315	292	30	clawback	clawback	NOUN
ftr-315	292	31	)	)	PUNCT
ftr-315	292	32	.	.	PUNCT
ftr-315	293	1	49	49	NUM
ftr-315	293	2	.	.	PUNCT
ftr-315	294	1	this	this	DET
ftr-315	294	2	incentive	incentive	NOUN
ftr-315	294	3	is	be	AUX
ftr-315	294	4	“	"	PUNCT
ftr-315	294	5	particularly	particularly	ADV
ftr-315	294	6	acute	acute	ADJ
ftr-315	294	7	”	"	PUNCT
ftr-315	294	8	if	if	SCONJ
ftr-315	294	9	the	the	DET
ftr-315	294	10	calculation	calculation	NOUN
ftr-315	294	11	of	of	ADP
ftr-315	294	12	the	the	DET
ftr-315	294	13	carry	carry	NOUN
ftr-315	294	14	,	,	PUNCT
ftr-315	294	15	during	during	ADP
ftr-315	294	16	the	the	DET
ftr-315	294	17	life	life	NOUN
ftr-315	294	18	of	of	ADP
ftr-315	294	19	the	the	DET
ftr-315	294	20	fund	fund	NOUN
ftr-315	294	21	,	,	PUNCT
ftr-315	294	22	does	do	AUX
ftr-315	294	23	not	not	PART
ftr-315	294	24	take	take	VERB
ftr-315	294	25	account	account	NOUN
ftr-315	294	26	of	of	ADP
ftr-315	294	27	unrealized	unrealized	ADJ
ftr-315	294	28	losses	loss	NOUN
ftr-315	294	29	.	.	PUNCT
ftr-315	295	1	needham	needham	PROPN
ftr-315	295	2	,	,	PUNCT
ftr-315	295	3	private	private	ADJ
ftr-315	295	4	equity	equity	NOUN
ftr-315	295	5	funds	fund	NOUN
ftr-315	295	6	,	,	PUNCT
ftr-315	295	7	supra	supra	PROPN
ftr-315	295	8	note	note	PROPN
ftr-315	295	9	17	17	NUM
ftr-315	295	10	,	,	PUNCT
ftr-315	295	11	at	at	ADP
ftr-315	295	12	iii.b.3	iii.b.3	PROPN
ftr-315	295	13	.	.	PROPN
ftr-315	295	14	50	50	NUM
ftr-315	295	15	.	.	PUNCT
ftr-315	296	1	recall	recall	NOUN
ftr-315	296	2	,	,	PUNCT
ftr-315	296	3	we	we	PRON
ftr-315	296	4	are	be	AUX
ftr-315	296	5	assuming	assume	VERB
ftr-315	296	6	that	that	SCONJ
ftr-315	296	7	the	the	DET
ftr-315	296	8	gp	gp	NOUN
ftr-315	296	9	is	be	AUX
ftr-315	296	10	entitled	entitle	VERB
ftr-315	296	11	to	to	ADP
ftr-315	296	12	a	a	DET
ftr-315	296	13	carry	carry	NOUN
ftr-315	296	14	from	from	ADP
ftr-315	296	15	the	the	DET
ftr-315	296	16	first	first	ADJ
ftr-315	296	17	dollar	dollar	NOUN
ftr-315	296	18	of	of	ADP
ftr-315	296	19	profit	profit	NOUN
ftr-315	296	20	,	,	PUNCT
ftr-315	296	21	and	and	CCONJ
ftr-315	296	22	that	that	SCONJ
ftr-315	296	23	the	the	DET
ftr-315	296	24	entitlement	entitlement	NOUN
ftr-315	296	25	to	to	ADP
ftr-315	296	26	the	the	DET
ftr-315	296	27	carry	carry	NOUN
ftr-315	296	28	is	be	AUX
ftr-315	296	29	not	not	PART
ftr-315	296	30	subject	subject	ADJ
ftr-315	296	31	to	to	ADP
ftr-315	296	32	a	a	DET
ftr-315	296	33	hurdle	hurdle	NOUN
ftr-315	296	34	rate	rate	NOUN
ftr-315	296	35	.	.	PUNCT
ftr-315	297	1	implicit	implicit	ADJ
ftr-315	297	2	in	in	ADP
ftr-315	297	3	this	this	DET
ftr-315	297	4	assumption	assumption	NOUN
ftr-315	297	5	is	be	AUX
ftr-315	297	6	the	the	DET
ftr-315	297	7	assumption	assumption	NOUN
ftr-315	297	8	that	that	SCONJ
ftr-315	297	9	this	this	DET
ftr-315	297	10	carry	carry	NOUN
ftr-315	297	11	design	design	NOUN
ftr-315	297	12	reflects	reflect	VERB
ftr-315	297	13	the	the	DET
ftr-315	297	14	parties	party	NOUN
ftr-315	297	15	’	'	PUNCT
ftr-315	297	16	desired	desire	VERB
ftr-315	297	17	economic	economic	ADJ
ftr-315	297	18	relationship	relationship	NOUN
ftr-315	297	19	,	,	PUNCT
ftr-315	297	20	so	so	CCONJ
ftr-315	297	21	the	the	DET
ftr-315	297	22	remainder	remainder	NOUN
ftr-315	297	23	of	of	ADP
ftr-315	297	24	the	the	DET
ftr-315	297	25	discussion	discussion	NOUN
ftr-315	297	26	addresses	address	VERB
ftr-315	297	27	how	how	SCONJ
ftr-315	297	28	that	that	SCONJ
ftr-315	297	29	desired	desire	VERB
ftr-315	297	30	economic	economic	ADJ
ftr-315	297	31	relationship	relationship	NOUN
ftr-315	297	32	is	be	AUX
ftr-315	297	33	altered	alter	VERB
ftr-315	297	34	by	by	ADP
ftr-315	297	35	various	various	ADJ
ftr-315	297	36	factors	factor	NOUN
ftr-315	297	37	.	.	PUNCT
ftr-315	298	1	2012	2012	NUM
ftr-315	298	2	]	]	PUNCT
ftr-315	298	3	“	"	PUNCT
ftr-315	298	4	carried	carry	VERB
ftr-315	298	5	interest	interest	NOUN
ftr-315	298	6	”	"	PUNCT
ftr-315	298	7	tax	tax	NOUN
ftr-315	298	8	proposals	proposal	NOUN
ftr-315	298	9	17	17	NUM
ftr-315	298	10	fund.51	fund.51	NOUN
ftr-315	298	11	when	when	SCONJ
ftr-315	298	12	the	the	DET
ftr-315	298	13	fund	fund	NOUN
ftr-315	298	14	earns	earn	VERB
ftr-315	298	15	a	a	DET
ftr-315	298	16	profit	profit	NOUN
ftr-315	298	17	that	that	PRON
ftr-315	298	18	would	would	AUX
ftr-315	298	19	entitle	entitle	VERB
ftr-315	298	20	the	the	DET
ftr-315	298	21	gp	gp	NOUN
ftr-315	298	22	to	to	ADP
ftr-315	298	23	a	a	DET
ftr-315	298	24	carry	carry	NOUN
ftr-315	298	25	,	,	PUNCT
ftr-315	298	26	the	the	DET
ftr-315	298	27	carried	carry	VERB
ftr-315	298	28	interest	interest	NOUN
ftr-315	298	29	becomes	become	VERB
ftr-315	298	30	an	an	DET
ftr-315	298	31	in	in	ADP
ftr-315	298	32	-	-	PUNCT
ftr-315	298	33	the	the	DET
ftr-315	298	34	-	-	PUNCT
ftr-315	298	35	money	money	NOUN
ftr-315	298	36	option	option	NOUN
ftr-315	298	37	on	on	ADP
ftr-315	298	38	the	the	DET
ftr-315	298	39	entire	entire	ADJ
ftr-315	298	40	fund.52	fund.52	NOUN
ftr-315	298	41	however	however	ADV
ftr-315	298	42	,	,	PUNCT
ftr-315	298	43	as	as	ADV
ftr-315	298	44	soon	soon	ADV
ftr-315	298	45	as	as	SCONJ
ftr-315	298	46	any	any	DET
ftr-315	298	47	non	non	ADJ
ftr-315	298	48	-	-	ADJ
ftr-315	298	49	forfeitable	forfeitable	ADJ
ftr-315	298	50	carry	carry	NOUN
ftr-315	298	51	is	be	AUX
ftr-315	298	52	distributed	distribute	VERB
ftr-315	298	53	to	to	ADP
ftr-315	298	54	the	the	DET
ftr-315	298	55	gp	gp	NOUN
ftr-315	298	56	,	,	PUNCT
ftr-315	298	57	the	the	DET
ftr-315	298	58	carried	carry	VERB
ftr-315	298	59	interest	interest	NOUN
ftr-315	298	60	reverts	revert	VERB
ftr-315	298	61	back	back	ADV
ftr-315	298	62	to	to	ADP
ftr-315	298	63	(	(	PUNCT
ftr-315	298	64	or	or	CCONJ
ftr-315	298	65	at	at	ADP
ftr-315	298	66	least	least	ADJ
ftr-315	298	67	become	become	VERB
ftr-315	298	68	much	much	ADV
ftr-315	298	69	closer	close	ADJ
ftr-315	298	70	to	to	ADP
ftr-315	298	71	)	)	PUNCT
ftr-315	298	72	being	be	AUX
ftr-315	298	73	an	an	DET
ftr-315	298	74	at	at	ADP
ftr-315	298	75	-	-	PUNCT
ftr-315	298	76	the	the	DET
ftr-315	298	77	-	-	PUNCT
ftr-315	298	78	money	money	NOUN
ftr-315	298	79	option	option	NOUN
ftr-315	298	80	on	on	ADP
ftr-315	298	81	just	just	ADV
ftr-315	298	82	the	the	DET
ftr-315	298	83	remaining	remain	VERB
ftr-315	298	84	portion	portion	NOUN
ftr-315	298	85	of	of	ADP
ftr-315	298	86	the	the	DET
ftr-315	298	87	fund	fund	NOUN
ftr-315	298	88	.	.	PUNCT
ftr-315	299	1	this	this	DET
ftr-315	299	2	“	"	PUNCT
ftr-315	299	3	reset	reset	NOUN
ftr-315	299	4	”	"	PUNCT
ftr-315	299	5	of	of	ADP
ftr-315	299	6	the	the	DET
ftr-315	299	7	option	option	NOUN
ftr-315	299	8	changes	change	VERB
ftr-315	299	9	the	the	DET
ftr-315	299	10	gp	gp	NOUN
ftr-315	299	11	’s	’s	PART
ftr-315	299	12	risk	risk	NOUN
ftr-315	299	13	-	-	PUNCT
ftr-315	299	14	taking	take	VERB
ftr-315	299	15	incentives	incentive	NOUN
ftr-315	299	16	—	—	PUNCT
ftr-315	299	17	before	before	ADP
ftr-315	299	18	the	the	DET
ftr-315	299	19	distribution	distribution	NOUN
ftr-315	299	20	of	of	ADP
ftr-315	299	21	any	any	DET
ftr-315	299	22	carry	carry	NOUN
ftr-315	299	23	,	,	PUNCT
ftr-315	299	24	the	the	DET
ftr-315	299	25	gp	gp	NOUN
ftr-315	299	26	’s	’s	PART
ftr-315	299	27	incentive	incentive	NOUN
ftr-315	299	28	is	be	AUX
ftr-315	299	29	to	to	PART
ftr-315	299	30	maximize	maximize	VERB
ftr-315	299	31	the	the	DET
ftr-315	299	32	value	value	NOUN
ftr-315	299	33	of	of	ADP
ftr-315	299	34	the	the	DET
ftr-315	299	35	entire	entire	ADJ
ftr-315	299	36	fund	fund	NOUN
ftr-315	299	37	,	,	PUNCT
ftr-315	299	38	but	but	CCONJ
ftr-315	299	39	after	after	ADP
ftr-315	299	40	the	the	DET
ftr-315	299	41	distribution	distribution	NOUN
ftr-315	299	42	of	of	ADP
ftr-315	299	43	a	a	DET
ftr-315	299	44	non	non	ADJ
ftr-315	299	45	-	-	ADJ
ftr-315	299	46	forfeitable	forfeitable	ADJ
ftr-315	299	47	carry	carry	NOUN
ftr-315	299	48	,	,	PUNCT
ftr-315	299	49	the	the	DET
ftr-315	299	50	gp	gp	NOUN
ftr-315	299	51	’s	’s	PART
ftr-315	299	52	incentive	incentive	NOUN
ftr-315	299	53	is	be	AUX
ftr-315	299	54	to	to	PART
ftr-315	299	55	maximize	maximize	VERB
ftr-315	299	56	the	the	DET
ftr-315	299	57	value	value	NOUN
ftr-315	299	58	of	of	ADP
ftr-315	299	59	the	the	DET
ftr-315	299	60	assets	asset	NOUN
ftr-315	299	61	remaining	remain	VERB
ftr-315	299	62	in	in	ADP
ftr-315	299	63	the	the	DET
ftr-315	299	64	fund	fund	NOUN
ftr-315	299	65	,	,	PUNCT
ftr-315	299	66	even	even	ADV
ftr-315	299	67	if	if	SCONJ
ftr-315	299	68	that	that	PRON
ftr-315	299	69	does	do	AUX
ftr-315	299	70	not	not	PART
ftr-315	299	71	maximize	maximize	VERB
ftr-315	299	72	the	the	DET
ftr-315	299	73	value	value	NOUN
ftr-315	299	74	of	of	ADP
ftr-315	299	75	the	the	DET
ftr-315	299	76	entire	entire	ADJ
ftr-315	299	77	fund	fund	NOUN
ftr-315	299	78	(	(	PUNCT
ftr-315	299	79	i.e.	i.e.	X
ftr-315	299	80	,	,	PUNCT
ftr-315	299	81	taking	take	VERB
ftr-315	299	82	into	into	ADP
ftr-315	299	83	account	account	NOUN
ftr-315	299	84	the	the	DET
ftr-315	299	85	portion	portion	NOUN
ftr-315	299	86	of	of	ADP
ftr-315	299	87	the	the	DET
ftr-315	299	88	fund	fund	NOUN
ftr-315	299	89	that	that	PRON
ftr-315	299	90	has	have	AUX
ftr-315	299	91	been	be	AUX
ftr-315	299	92	distributed	distribute	VERB
ftr-315	299	93	)	)	PUNCT
ftr-315	299	94	.	.	PUNCT
ftr-315	300	1	reputational	reputational	ADJ
ftr-315	300	2	considerations	consideration	NOUN
ftr-315	300	3	and	and	CCONJ
ftr-315	300	4	capital	capital	NOUN
ftr-315	300	5	contributions	contribution	NOUN
ftr-315	300	6	by	by	ADP
ftr-315	300	7	the	the	DET
ftr-315	300	8	gp	gp	NOUN
ftr-315	300	9	may	may	AUX
ftr-315	300	10	help	help	VERB
ftr-315	300	11	to	to	PART
ftr-315	300	12	constrain	constrain	VERB
ftr-315	300	13	the	the	DET
ftr-315	300	14	gp	gp	NOUN
ftr-315	300	15	from	from	ADP
ftr-315	300	16	taking	take	VERB
ftr-315	300	17	excessive	excessive	ADJ
ftr-315	300	18	risk,53	risk,53	NOUN
ftr-315	300	19	but	but	CCONJ
ftr-315	300	20	the	the	DET
ftr-315	300	21	option	option	NOUN
ftr-315	300	22	-	-	PUNCT
ftr-315	300	23	like	like	ADJ
ftr-315	300	24	nature	nature	NOUN
ftr-315	300	25	of	of	ADP
ftr-315	300	26	the	the	DET
ftr-315	300	27	carried	carry	VERB
ftr-315	300	28	interest	interest	NOUN
ftr-315	300	29	affects	affect	VERB
ftr-315	300	30	the	the	DET
ftr-315	300	31	gp	gp	NOUN
ftr-315	300	32	’s	’s	PART
ftr-315	300	33	risk	risk	NOUN
ftr-315	300	34	-	-	PUNCT
ftr-315	300	35	taking	take	VERB
ftr-315	300	36	incentives	incentive	NOUN
ftr-315	300	37	.	.	PUNCT
ftr-315	301	1	an	an	DET
ftr-315	301	2	example	example	NOUN
ftr-315	301	3	helps	help	VERB
ftr-315	301	4	to	to	PART
ftr-315	301	5	illustrate	illustrate	VERB
ftr-315	301	6	this	this	DET
ftr-315	301	7	scenario	scenario	NOUN
ftr-315	301	8	.	.	PUNCT
ftr-315	302	1	recall	recall	VERB
ftr-315	302	2	that	that	SCONJ
ftr-315	302	3	the	the	DET
ftr-315	302	4	lps	lps	PROPN
ftr-315	302	5	in	in	ADP
ftr-315	302	6	example	example	NOUN
ftr-315	302	7	#	#	SYM
ftr-315	302	8	1	1	NUM
ftr-315	302	9	contributed	contribute	VERB
ftr-315	302	10	$	$	SYM
ftr-315	302	11	1000	1000	NUM
ftr-315	302	12	and	and	CCONJ
ftr-315	302	13	the	the	DET
ftr-315	302	14	fund	fund	NOUN
ftr-315	302	15	used	use	VERB
ftr-315	302	16	that	that	SCONJ
ftr-315	302	17	$	$	SYM
ftr-315	302	18	1000	1000	NUM
ftr-315	302	19	to	to	PART
ftr-315	302	20	purchase	purchase	VERB
ftr-315	302	21	two	two	NUM
ftr-315	302	22	assets	asset	NOUN
ftr-315	302	23	.	.	PUNCT
ftr-315	303	1	at	at	ADP
ftr-315	303	2	this	this	DET
ftr-315	303	3	point	point	NOUN
ftr-315	303	4	,	,	PUNCT
ftr-315	303	5	the	the	DET
ftr-315	303	6	gp	gp	NOUN
ftr-315	303	7	’s	’s	PART
ftr-315	303	8	carry	carry	NOUN
ftr-315	303	9	is	be	AUX
ftr-315	303	10	akin	akin	ADJ
ftr-315	303	11	to	to	ADP
ftr-315	303	12	an	an	DET
ftr-315	303	13	at	at	ADP
ftr-315	303	14	-	-	PUNCT
ftr-315	303	15	the	the	DET
ftr-315	303	16	-	-	PUNCT
ftr-315	303	17	money	money	NOUN
ftr-315	303	18	option	option	NOUN
ftr-315	303	19	on	on	ADP
ftr-315	303	20	20	20	NUM
ftr-315	303	21	percent	percent	NOUN
ftr-315	303	22	of	of	ADP
ftr-315	303	23	the	the	DET
ftr-315	303	24	lps	lps	PROPN
ftr-315	303	25	’	'	PUNCT
ftr-315	303	26	interests	interest	NOUN
ftr-315	303	27	in	in	ADP
ftr-315	303	28	the	the	DET
ftr-315	303	29	fund	fund	NOUN
ftr-315	303	30	—	—	PUNCT
ftr-315	303	31	the	the	DET
ftr-315	303	32	carry	carry	NOUN
ftr-315	303	33	has	have	VERB
ftr-315	303	34	zero	zero	NUM
ftr-315	303	35	liquidation	liquidation	NOUN
ftr-315	303	36	value	value	NOUN
ftr-315	303	37	,	,	PUNCT
ftr-315	303	38	but	but	CCONJ
ftr-315	303	39	it	it	PRON
ftr-315	303	40	does	do	AUX
ftr-315	303	41	have	have	VERB
ftr-315	303	42	upside	upside	ADJ
ftr-315	303	43	value	value	NOUN
ftr-315	303	44	if	if	SCONJ
ftr-315	303	45	the	the	DET
ftr-315	303	46	fund	fund	NOUN
ftr-315	303	47	assets	asset	NOUN
ftr-315	303	48	increase	increase	VERB
ftr-315	303	49	in	in	ADP
ftr-315	303	50	value	value	NOUN
ftr-315	303	51	.	.	PUNCT
ftr-315	304	1	in	in	ADP
ftr-315	304	2	year	year	NOUN
ftr-315	304	3	2	2	NUM
ftr-315	304	4	,	,	PUNCT
ftr-315	304	5	when	when	SCONJ
ftr-315	304	6	asset	asset	NOUN
ftr-315	304	7	a	a	X
ftr-315	304	8	(	(	PUNCT
ftr-315	304	9	which	which	PRON
ftr-315	304	10	the	the	DET
ftr-315	304	11	fund	fund	NOUN
ftr-315	304	12	has	have	AUX
ftr-315	304	13	not	not	PART
ftr-315	304	14	yet	yet	ADV
ftr-315	304	15	sold	sell	VERB
ftr-315	304	16	)	)	PUNCT
ftr-315	304	17	is	be	AUX
ftr-315	304	18	worth	worth	ADJ
ftr-315	304	19	$	$	SYM
ftr-315	304	20	550	550	NUM
ftr-315	304	21	and	and	CCONJ
ftr-315	304	22	when	when	SCONJ
ftr-315	304	23	the	the	DET
ftr-315	304	24	value	value	NOUN
ftr-315	304	25	of	of	ADP
ftr-315	304	26	asset	asset	NOUN
ftr-315	304	27	b	b	PROPN
ftr-315	304	28	remains	remain	VERB
ftr-315	304	29	at	at	ADP
ftr-315	304	30	its	its	PRON
ftr-315	304	31	$	$	SYM
ftr-315	304	32	600	600	NUM
ftr-315	304	33	purchase	purchase	NOUN
ftr-315	304	34	price	price	NOUN
ftr-315	304	35	,	,	PUNCT
ftr-315	304	36	the	the	DET
ftr-315	304	37	gp	gp	NOUN
ftr-315	304	38	’s	’s	PART
ftr-315	304	39	carry	carry	NOUN
ftr-315	304	40	is	be	AUX
ftr-315	304	41	in	in	ADP
ftr-315	304	42	-	-	PUNCT
ftr-315	304	43	the	the	DET
ftr-315	304	44	-	-	PUNCT
ftr-315	304	45	money	money	NOUN
ftr-315	304	46	.	.	PUNCT
ftr-315	305	1	that	that	PRON
ftr-315	305	2	is	is	ADV
ftr-315	305	3	,	,	PUNCT
ftr-315	305	4	the	the	DET
ftr-315	305	5	gp	gp	NOUN
ftr-315	305	6	’s	’s	PART
ftr-315	305	7	option	option	NOUN
ftr-315	305	8	now	now	ADV
ftr-315	305	9	has	have	VERB
ftr-315	305	10	a	a	DET
ftr-315	305	11	liquidation	liquidation	NOUN
ftr-315	305	12	value	value	NOUN
ftr-315	305	13	of	of	ADP
ftr-315	305	14	$	$	SYM
ftr-315	305	15	30.54	30.54	NUM
ftr-315	305	16	but	but	CCONJ
ftr-315	305	17	because	because	SCONJ
ftr-315	305	18	the	the	DET
ftr-315	305	19	gp	gp	NOUN
ftr-315	305	20	’s	’s	PART
ftr-315	305	21	economic	economic	ADJ
ftr-315	305	22	entitlement	entitlement	NOUN
ftr-315	305	23	still	still	ADV
ftr-315	305	24	depends	depend	VERB
ftr-315	305	25	on	on	ADP
ftr-315	305	26	the	the	DET
ftr-315	305	27	performance	performance	NOUN
ftr-315	305	28	of	of	ADP
ftr-315	305	29	the	the	DET
ftr-315	305	30	entire	entire	ADJ
ftr-315	305	31	fund	fund	NOUN
ftr-315	305	32	,	,	PUNCT
ftr-315	305	33	the	the	DET
ftr-315	305	34	gp	gp	NOUN
ftr-315	305	35	’s	’s	PART
ftr-315	305	36	incentive	incentive	NOUN
ftr-315	305	37	still	still	ADV
ftr-315	305	38	is	be	AUX
ftr-315	305	39	to	to	PART
ftr-315	305	40	maximize	maximize	VERB
ftr-315	305	41	the	the	DET
ftr-315	305	42	51	51	NUM
ftr-315	305	43	.	.	PUNCT
ftr-315	306	1	see	see	VERB
ftr-315	306	2	victor	victor	PROPN
ftr-315	306	3	fleischer	fleischer	PROPN
ftr-315	306	4	,	,	PUNCT
ftr-315	306	5	the	the	DET
ftr-315	306	6	missing	missing	ADJ
ftr-315	306	7	preferred	preferred	ADJ
ftr-315	306	8	return	return	NOUN
ftr-315	306	9	,	,	PUNCT
ftr-315	306	10	31	31	NUM
ftr-315	306	11	iowa	iowa	PROPN
ftr-315	306	12	j.	j.	PROPN
ftr-315	306	13	corp	corp	PROPN
ftr-315	306	14	.	.	PROPN
ftr-315	306	15	l.	l.	PROPN
ftr-315	306	16	77	77	NUM
ftr-315	306	17	,	,	PUNCT
ftr-315	306	18	97–108	97–108	PROPN
ftr-315	306	19	(	(	PUNCT
ftr-315	306	20	2005	2005	NUM
ftr-315	306	21	)	)	PUNCT
ftr-315	306	22	(	(	PUNCT
ftr-315	306	23	explaining	explain	VERB
ftr-315	306	24	the	the	DET
ftr-315	306	25	option	option	NOUN
ftr-315	306	26	analogy	analogy	NOUN
ftr-315	306	27	)	)	PUNCT
ftr-315	307	1	[	[	X
ftr-315	307	2	hereinafter	hereinafter	NOUN
ftr-315	307	3	fleischer	fleischer	NOUN
ftr-315	307	4	,	,	PUNCT
ftr-315	307	5	preferred	preferred	ADJ
ftr-315	307	6	return	return	NOUN
ftr-315	307	7	]	]	PUNCT
ftr-315	307	8	;	;	PUNCT
ftr-315	307	9	gilson	gilson	PROPN
ftr-315	307	10	,	,	PUNCT
ftr-315	307	11	venture	venture	NOUN
ftr-315	307	12	capital	capital	NOUN
ftr-315	307	13	markets	market	NOUN
ftr-315	307	14	,	,	PUNCT
ftr-315	307	15	supra	supra	PROPN
ftr-315	307	16	note	note	NOUN
ftr-315	307	17	17	17	NUM
ftr-315	307	18	,	,	PUNCT
ftr-315	307	19	at	at	ADP
ftr-315	307	20	1089–90	1089–90	NUM
ftr-315	307	21	.	.	PUNCT
ftr-315	308	1	52	52	NUM
ftr-315	308	2	.	.	PUNCT
ftr-315	309	1	this	this	PRON
ftr-315	309	2	also	also	ADV
ftr-315	309	3	occurs	occur	VERB
ftr-315	309	4	when	when	SCONJ
ftr-315	309	5	the	the	DET
ftr-315	309	6	assets	asset	NOUN
ftr-315	309	7	increase	increase	VERB
ftr-315	309	8	in	in	ADP
ftr-315	309	9	value	value	NOUN
ftr-315	309	10	,	,	PUNCT
ftr-315	309	11	such	such	ADJ
ftr-315	309	12	that	that	SCONJ
ftr-315	309	13	they	they	PRON
ftr-315	309	14	could	could	AUX
ftr-315	309	15	generate	generate	VERB
ftr-315	309	16	a	a	DET
ftr-315	309	17	profit	profit	NOUN
ftr-315	309	18	,	,	PUNCT
ftr-315	309	19	ultimately	ultimately	ADV
ftr-315	309	20	entitling	entitle	VERB
ftr-315	309	21	the	the	DET
ftr-315	309	22	gp	gp	NOUN
ftr-315	309	23	to	to	ADP
ftr-315	309	24	a	a	DET
ftr-315	309	25	carry	carry	NOUN
ftr-315	309	26	.	.	PUNCT
ftr-315	310	1	53	53	NUM
ftr-315	310	2	.	.	PUNCT
ftr-315	311	1	particularly	particularly	ADV
ftr-315	311	2	where	where	SCONJ
ftr-315	311	3	the	the	DET
ftr-315	311	4	gp	gp	NOUN
ftr-315	311	5	is	be	AUX
ftr-315	311	6	a	a	DET
ftr-315	311	7	repeat	repeat	NOUN
ftr-315	311	8	player	player	NOUN
ftr-315	311	9	in	in	ADP
ftr-315	311	10	a	a	DET
ftr-315	311	11	small	small	ADJ
ftr-315	311	12	market	market	NOUN
ftr-315	311	13	,	,	PUNCT
ftr-315	311	14	the	the	DET
ftr-315	311	15	gp	gp	NOUN
ftr-315	311	16	does	do	AUX
ftr-315	311	17	have	have	VERB
ftr-315	311	18	reputation	reputation	NOUN
ftr-315	311	19	at	at	ADP
ftr-315	311	20	stake	stake	NOUN
ftr-315	311	21	,	,	PUNCT
ftr-315	311	22	which	which	PRON
ftr-315	311	23	could	could	AUX
ftr-315	311	24	inhibit	inhibit	VERB
ftr-315	311	25	excess	excess	ADJ
ftr-315	311	26	risk	risk	NOUN
ftr-315	311	27	-	-	PUNCT
ftr-315	311	28	taking	taking	NOUN
ftr-315	311	29	even	even	ADV
ftr-315	311	30	if	if	SCONJ
ftr-315	311	31	the	the	DET
ftr-315	311	32	carry	carry	NOUN
ftr-315	311	33	is	be	AUX
ftr-315	311	34	out	out	ADV
ftr-315	311	35	-	-	PUNCT
ftr-315	311	36	of	of	ADP
ftr-315	311	37	-	-	PUNCT
ftr-315	311	38	the	the	DET
ftr-315	311	39	-	-	PUNCT
ftr-315	311	40	money	money	NOUN
ftr-315	311	41	.	.	PUNCT
ftr-315	312	1	see	see	VERB
ftr-315	312	2	gilson	gilson	PROPN
ftr-315	312	3	,	,	PUNCT
ftr-315	312	4	venure	venure	NOUN
ftr-315	312	5	capital	capital	NOUN
ftr-315	312	6	markets	market	NOUN
ftr-315	312	7	,	,	PUNCT
ftr-315	312	8	supra	supra	PROPN
ftr-315	312	9	note	note	NOUN
ftr-315	312	10	17	17	NUM
ftr-315	312	11	,	,	PUNCT
ftr-315	312	12	at	at	ADP
ftr-315	312	13	1090	1090	NUM
ftr-315	312	14	(	(	PUNCT
ftr-315	312	15	discussing	discuss	VERB
ftr-315	312	16	the	the	DET
ftr-315	312	17	operation	operation	NOUN
ftr-315	312	18	of	of	ADP
ftr-315	312	19	the	the	DET
ftr-315	312	20	“	"	PUNCT
ftr-315	312	21	reputation	reputation	NOUN
ftr-315	312	22	market	market	NOUN
ftr-315	312	23	”	"	PUNCT
ftr-315	312	24	as	as	ADP
ftr-315	312	25	a	a	DET
ftr-315	312	26	constraint	constraint	NOUN
ftr-315	312	27	on	on	ADP
ftr-315	312	28	risk	risk	NOUN
ftr-315	312	29	-	-	PUNCT
ftr-315	312	30	taking	take	VERB
ftr-315	312	31	behavior	behavior	NOUN
ftr-315	312	32	)	)	PUNCT
ftr-315	312	33	;	;	PUNCT
ftr-315	312	34	fleischer	fleischer	NOUN
ftr-315	312	35	,	,	PUNCT
ftr-315	312	36	preferred	preferred	ADJ
ftr-315	312	37	return	return	NOUN
ftr-315	312	38	,	,	PUNCT
ftr-315	312	39	supra	supra	PROPN
ftr-315	312	40	note	note	NOUN
ftr-315	312	41	51	51	NUM
ftr-315	312	42	,	,	PUNCT
ftr-315	312	43	at	at	ADP
ftr-315	312	44	101–02	101–02	NUM
ftr-315	312	45	.	.	PUNCT
ftr-315	313	1	additionally	additionally	ADV
ftr-315	313	2	,	,	PUNCT
ftr-315	313	3	the	the	PRON
ftr-315	313	4	larger	large	ADJ
ftr-315	313	5	the	the	DET
ftr-315	313	6	gp	gp	NOUN
ftr-315	313	7	’s	’s	PART
ftr-315	313	8	capital	capital	NOUN
ftr-315	313	9	contribution	contribution	NOUN
ftr-315	313	10	,	,	PUNCT
ftr-315	313	11	the	the	PRON
ftr-315	313	12	less	less	ADV
ftr-315	313	13	the	the	DET
ftr-315	313	14	carried	carried	ADJ
ftr-315	313	15	interest	interest	NOUN
ftr-315	313	16	incentivizes	incentivize	VERB
ftr-315	313	17	the	the	DET
ftr-315	313	18	gp	gp	NOUN
ftr-315	313	19	to	to	PART
ftr-315	313	20	take	take	VERB
ftr-315	313	21	excessive	excessive	ADJ
ftr-315	313	22	risk	risk	NOUN
ftr-315	313	23	.	.	PUNCT
ftr-315	314	1	see	see	VERB
ftr-315	314	2	supra	supra	PROPN
ftr-315	314	3	note	note	PROPN
ftr-315	314	4	39	39	NUM
ftr-315	314	5	.	.	PUNCT
ftr-315	315	1	54	54	NUM
ftr-315	315	2	.	.	PUNCT
ftr-315	316	1	if	if	SCONJ
ftr-315	316	2	the	the	DET
ftr-315	316	3	value	value	NOUN
ftr-315	316	4	of	of	ADP
ftr-315	316	5	the	the	DET
ftr-315	316	6	assets	asset	NOUN
ftr-315	316	7	of	of	ADP
ftr-315	316	8	the	the	DET
ftr-315	316	9	fund	fund	NOUN
ftr-315	316	10	has	have	AUX
ftr-315	316	11	increased	increase	VERB
ftr-315	316	12	by	by	ADP
ftr-315	316	13	$	$	SYM
ftr-315	316	14	150	150	NUM
ftr-315	316	15	,	,	PUNCT
ftr-315	316	16	the	the	DET
ftr-315	316	17	gp	gp	NOUN
ftr-315	316	18	would	would	AUX
ftr-315	316	19	be	be	AUX
ftr-315	316	20	entitled	entitle	VERB
ftr-315	316	21	to	to	ADP
ftr-315	316	22	a	a	DET
ftr-315	316	23	20	20	NUM
ftr-315	316	24	percent	percent	NOUN
ftr-315	316	25	carry	carry	VERB
ftr-315	316	26	on	on	ADP
ftr-315	316	27	that	that	DET
ftr-315	316	28	profit	profit	NOUN
ftr-315	316	29	(	(	PUNCT
ftr-315	316	30	20	20	NUM
ftr-315	316	31	%	%	NOUN
ftr-315	316	32	*	*	PUNCT
ftr-315	316	33	$	$	SYM
ftr-315	316	34	150	150	NUM
ftr-315	316	35	=	=	SYM
ftr-315	316	36	$	$	SYM
ftr-315	316	37	30	30	NUM
ftr-315	316	38	)	)	PUNCT
ftr-315	316	39	.	.	PUNCT
ftr-315	317	1	alternatively	alternatively	ADV
ftr-315	317	2	,	,	PUNCT
ftr-315	317	3	this	this	PRON
ftr-315	317	4	could	could	AUX
ftr-315	317	5	be	be	AUX
ftr-315	317	6	understood	understand	VERB
ftr-315	317	7	by	by	ADP
ftr-315	317	8	continuing	continue	VERB
ftr-315	317	9	with	with	ADP
ftr-315	317	10	the	the	DET
ftr-315	317	11	option	option	NOUN
ftr-315	317	12	analogy	analogy	NOUN
ftr-315	317	13	—	—	PUNCT
ftr-315	317	14	if	if	SCONJ
ftr-315	317	15	the	the	DET
ftr-315	317	16	gp	gp	NOUN
ftr-315	317	17	exercises	exercise	VERB
ftr-315	317	18	the	the	DET
ftr-315	317	19	option	option	NOUN
ftr-315	317	20	,	,	PUNCT
ftr-315	317	21	the	the	DET
ftr-315	317	22	gp	gp	NOUN
ftr-315	317	23	would	would	AUX
ftr-315	317	24	be	be	AUX
ftr-315	317	25	entitled	entitle	VERB
ftr-315	317	26	to	to	ADP
ftr-315	317	27	an	an	DET
ftr-315	317	28	interest	interest	NOUN
ftr-315	317	29	in	in	ADP
ftr-315	317	30	the	the	DET
ftr-315	317	31	fund	fund	NOUN
ftr-315	317	32	worth	worth	ADJ
ftr-315	317	33	$	$	SYM
ftr-315	317	34	230	230	NUM
ftr-315	317	35	(	(	PUNCT
ftr-315	317	36	20	20	NUM
ftr-315	317	37	percent	percent	NOUN
ftr-315	317	38	of	of	ADP
ftr-315	317	39	the	the	DET
ftr-315	317	40	$	$	SYM
ftr-315	317	41	1150	1150	NUM
ftr-315	317	42	aggregate	aggregate	ADJ
ftr-315	317	43	value	value	NOUN
ftr-315	317	44	of	of	ADP
ftr-315	317	45	the	the	DET
ftr-315	317	46	fund	fund	NOUN
ftr-315	317	47	assets	asset	NOUN
ftr-315	317	48	)	)	PUNCT
ftr-315	317	49	in	in	ADP
ftr-315	317	50	exchange	exchange	NOUN
ftr-315	317	51	for	for	ADP
ftr-315	317	52	an	an	DET
ftr-315	317	53	exercise	exercise	NOUN
ftr-315	317	54	price	price	NOUN
ftr-315	317	55	of	of	ADP
ftr-315	317	56	$	$	SYM
ftr-315	317	57	200	200	NUM
ftr-315	317	58	.	.	PUNCT
ftr-315	318	1	18	18	NUM
ftr-315	318	2	florida	florida	PROPN
ftr-315	318	3	tax	tax	NOUN
ftr-315	318	4	review	review	NOUN
ftr-315	319	1	[	[	X
ftr-315	319	2	vol.13:1	vol.13:1	ADJ
ftr-315	319	3	value	value	NOUN
ftr-315	319	4	of	of	ADP
ftr-315	319	5	entire	entire	ADJ
ftr-315	319	6	fund	fund	NOUN
ftr-315	319	7	,	,	PUNCT
ftr-315	319	8	taking	take	VERB
ftr-315	319	9	into	into	ADP
ftr-315	319	10	account	account	NOUN
ftr-315	319	11	the	the	DET
ftr-315	319	12	amounts	amount	NOUN
ftr-315	319	13	already	already	ADV
ftr-315	319	14	earned.55	earned.55	PRON
ftr-315	319	15	assume	assume	VERB
ftr-315	319	16	that	that	SCONJ
ftr-315	319	17	the	the	DET
ftr-315	319	18	gp	gp	NOUN
ftr-315	319	19	has	have	VERB
ftr-315	319	20	multiple	multiple	ADJ
ftr-315	319	21	mutually	mutually	ADJ
ftr-315	319	22	-	-	PUNCT
ftr-315	319	23	exclusive	exclusive	ADJ
ftr-315	319	24	ways	way	NOUN
ftr-315	319	25	that	that	PRON
ftr-315	319	26	it	it	PRON
ftr-315	319	27	might	might	AUX
ftr-315	319	28	manage	manage	VERB
ftr-315	319	29	asset	asset	PROPN
ftr-315	319	30	b	b	PROPN
ftr-315	319	31	,	,	PUNCT
ftr-315	319	32	including	include	VERB
ftr-315	319	33	an	an	DET
ftr-315	319	34	approach	approach	NOUN
ftr-315	319	35	that	that	PRON
ftr-315	319	36	has	have	VERB
ftr-315	319	37	a	a	DET
ftr-315	319	38	20	20	NUM
ftr-315	319	39	percent	percent	NOUN
ftr-315	319	40	chance	chance	NOUN
ftr-315	319	41	asset	asset	NOUN
ftr-315	319	42	b	b	NOUN
ftr-315	319	43	will	will	AUX
ftr-315	319	44	be	be	AUX
ftr-315	319	45	worth	worth	ADJ
ftr-315	319	46	$	$	SYM
ftr-315	319	47	2000	2000	NUM
ftr-315	319	48	,	,	PUNCT
ftr-315	319	49	and	and	CCONJ
ftr-315	319	50	an	an	DET
ftr-315	319	51	80	80	NUM
ftr-315	319	52	percent	percent	NOUN
ftr-315	319	53	chance	chance	NOUN
ftr-315	319	54	that	that	SCONJ
ftr-315	319	55	asset	asset	NOUN
ftr-315	319	56	b	b	NOUN
ftr-315	319	57	will	will	AUX
ftr-315	319	58	be	be	AUX
ftr-315	319	59	worth	worth	ADJ
ftr-315	319	60	$	$	SYM
ftr-315	319	61	0	0	NUM
ftr-315	319	62	.	.	PUNCT
ftr-315	320	1	this	this	DET
ftr-315	320	2	approach	approach	NOUN
ftr-315	320	3	has	have	VERB
ftr-315	320	4	a	a	DET
ftr-315	320	5	$	$	SYM
ftr-315	320	6	400	400	NUM
ftr-315	320	7	expected	expect	VERB
ftr-315	320	8	value,56	value,56	NOUN
ftr-315	320	9	which	which	PRON
ftr-315	320	10	is	be	AUX
ftr-315	320	11	less	less	ADJ
ftr-315	320	12	than	than	ADP
ftr-315	320	13	the	the	DET
ftr-315	320	14	asset	asset	NOUN
ftr-315	320	15	’s	’s	PART
ftr-315	320	16	current	current	ADJ
ftr-315	320	17	$	$	SYM
ftr-315	320	18	600	600	NUM
ftr-315	320	19	value	value	NOUN
ftr-315	320	20	.	.	PUNCT
ftr-315	321	1	this	this	DET
ftr-315	321	2	action	action	NOUN
ftr-315	321	3	would	would	AUX
ftr-315	321	4	reduce	reduce	VERB
ftr-315	321	5	the	the	DET
ftr-315	321	6	expected	expect	VERB
ftr-315	321	7	value	value	NOUN
ftr-315	321	8	of	of	ADP
ftr-315	321	9	the	the	DET
ftr-315	321	10	entire	entire	ADJ
ftr-315	321	11	fund	fund	NOUN
ftr-315	321	12	by	by	ADP
ftr-315	321	13	$	$	SYM
ftr-315	321	14	200	200	NUM
ftr-315	321	15	,	,	PUNCT
ftr-315	321	16	holding	hold	VERB
ftr-315	321	17	everything	everything	PRON
ftr-315	321	18	else	else	ADV
ftr-315	321	19	steady	steady	ADJ
ftr-315	321	20	.	.	PUNCT
ftr-315	322	1	thus	thus	ADV
ftr-315	322	2	,	,	PUNCT
ftr-315	322	3	it	it	PRON
ftr-315	322	4	is	be	AUX
ftr-315	322	5	not	not	PART
ftr-315	322	6	in	in	ADP
ftr-315	322	7	the	the	DET
ftr-315	322	8	lps	lps	PROPN
ftr-315	322	9	’	'	PUNCT
ftr-315	322	10	interest	interest	NOUN
ftr-315	322	11	for	for	SCONJ
ftr-315	322	12	the	the	DET
ftr-315	322	13	gp	gp	NOUN
ftr-315	322	14	to	to	PART
ftr-315	322	15	take	take	VERB
ftr-315	322	16	this	this	DET
ftr-315	322	17	action	action	NOUN
ftr-315	322	18	.	.	PUNCT
ftr-315	323	1	it	it	PRON
ftr-315	323	2	is	be	AUX
ftr-315	323	3	also	also	ADV
ftr-315	323	4	not	not	PART
ftr-315	323	5	in	in	ADP
ftr-315	323	6	the	the	DET
ftr-315	323	7	gp	gp	NOUN
ftr-315	323	8	’s	’s	PART
ftr-315	323	9	interest	interest	NOUN
ftr-315	323	10	to	to	PART
ftr-315	323	11	take	take	VERB
ftr-315	323	12	this	this	DET
ftr-315	323	13	action	action	NOUN
ftr-315	323	14	because	because	SCONJ
ftr-315	323	15	the	the	DET
ftr-315	323	16	reduction	reduction	NOUN
ftr-315	323	17	in	in	ADP
ftr-315	323	18	the	the	DET
ftr-315	323	19	expected	expect	VERB
ftr-315	323	20	value	value	NOUN
ftr-315	323	21	of	of	ADP
ftr-315	323	22	the	the	DET
ftr-315	323	23	entire	entire	ADJ
ftr-315	323	24	fund	fund	NOUN
ftr-315	323	25	would	would	AUX
ftr-315	323	26	also	also	ADV
ftr-315	323	27	reduce	reduce	VERB
ftr-315	323	28	the	the	DET
ftr-315	323	29	total	total	ADJ
ftr-315	323	30	expected	expect	VERB
ftr-315	323	31	value	value	NOUN
ftr-315	323	32	of	of	ADP
ftr-315	323	33	the	the	DET
ftr-315	323	34	gp	gp	NOUN
ftr-315	323	35	’s	’s	NOUN
ftr-315	323	36	carry	carry	NOUN
ftr-315	323	37	(	(	PUNCT
ftr-315	323	38	in	in	ADP
ftr-315	323	39	this	this	DET
ftr-315	323	40	example	example	NOUN
ftr-315	323	41	,	,	PUNCT
ftr-315	323	42	down	down	ADP
ftr-315	323	43	to	to	ADP
ftr-315	323	44	$	$	SYM
ftr-315	323	45	0).57	0).57	NUM
ftr-315	323	46	that	that	PRON
ftr-315	323	47	is	be	AUX
ftr-315	323	48	,	,	PUNCT
ftr-315	323	49	with	with	ADP
ftr-315	323	50	respect	respect	NOUN
ftr-315	323	51	to	to	ADP
ftr-315	323	52	taking	take	VERB
ftr-315	323	53	this	this	DET
ftr-315	323	54	action	action	NOUN
ftr-315	323	55	with	with	ADP
ftr-315	323	56	asset	asset	PROPN
ftr-315	323	57	b	b	PROPN
ftr-315	323	58	,	,	PUNCT
ftr-315	323	59	the	the	DET
ftr-315	323	60	lp	lp	NOUN
ftr-315	323	61	’s	’s	NOUN
ftr-315	323	62	and	and	CCONJ
ftr-315	323	63	gp	gp	NOUN
ftr-315	323	64	’s	’s	PART
ftr-315	323	65	interests	interest	NOUN
ftr-315	323	66	are	be	AUX
ftr-315	323	67	aligned	align	VERB
ftr-315	323	68	.	.	PUNCT
ftr-315	324	1	in	in	ADP
ftr-315	324	2	contrast	contrast	NOUN
ftr-315	324	3	,	,	PUNCT
ftr-315	324	4	assume	assume	VERB
ftr-315	324	5	that	that	SCONJ
ftr-315	324	6	the	the	DET
ftr-315	324	7	fund	fund	NOUN
ftr-315	324	8	distributes	distribute	VERB
ftr-315	324	9	the	the	DET
ftr-315	324	10	proceeds	proceed	NOUN
ftr-315	324	11	from	from	ADP
ftr-315	324	12	the	the	DET
ftr-315	324	13	sale	sale	NOUN
ftr-315	324	14	of	of	ADP
ftr-315	324	15	asset	asset	NOUN
ftr-315	324	16	a	a	PRON
ftr-315	324	17	in	in	ADP
ftr-315	324	18	year	year	NOUN
ftr-315	324	19	2	2	NUM
ftr-315	324	20	and	and	CCONJ
ftr-315	324	21	that	that	SCONJ
ftr-315	324	22	the	the	DET
ftr-315	324	23	gp	gp	NOUN
ftr-315	324	24	can	can	AUX
ftr-315	324	25	not	not	PART
ftr-315	324	26	be	be	AUX
ftr-315	324	27	required	require	VERB
ftr-315	324	28	to	to	PART
ftr-315	324	29	return	return	VERB
ftr-315	324	30	the	the	DET
ftr-315	324	31	$	$	SYM
ftr-315	324	32	30	30	NUM
ftr-315	324	33	it	it	PRON
ftr-315	324	34	receives	receive	VERB
ftr-315	324	35	in	in	ADP
ftr-315	324	36	this	this	DET
ftr-315	324	37	distribution	distribution	NOUN
ftr-315	324	38	.	.	PUNCT
ftr-315	325	1	the	the	DET
ftr-315	325	2	gp	gp	NOUN
ftr-315	325	3	’s	’s	PART
ftr-315	325	4	economic	economic	ADJ
ftr-315	325	5	incentive	incentive	NOUN
ftr-315	325	6	with	with	ADP
ftr-315	325	7	respect	respect	NOUN
ftr-315	325	8	to	to	ADP
ftr-315	325	9	subsequent	subsequent	ADJ
ftr-315	325	10	fund	fund	NOUN
ftr-315	325	11	asset	asset	NOUN
ftr-315	325	12	management	management	NOUN
ftr-315	325	13	decisions	decision	NOUN
ftr-315	325	14	depends	depend	VERB
ftr-315	325	15	not	not	PART
ftr-315	325	16	on	on	ADP
ftr-315	325	17	the	the	DET
ftr-315	325	18	performance	performance	NOUN
ftr-315	325	19	of	of	ADP
ftr-315	325	20	the	the	DET
ftr-315	325	21	entire	entire	ADJ
ftr-315	325	22	fund	fund	NOUN
ftr-315	325	23	in	in	ADP
ftr-315	325	24	the	the	DET
ftr-315	325	25	aggregate	aggregate	NOUN
ftr-315	325	26	,	,	PUNCT
ftr-315	325	27	but	but	CCONJ
ftr-315	325	28	rather	rather	ADV
ftr-315	325	29	only	only	ADV
ftr-315	325	30	on	on	ADP
ftr-315	325	31	the	the	DET
ftr-315	325	32	performance	performance	NOUN
ftr-315	325	33	of	of	ADP
ftr-315	325	34	the	the	DET
ftr-315	325	35	fund	fund	NOUN
ftr-315	325	36	’s	’s	PART
ftr-315	325	37	remaining	remain	VERB
ftr-315	325	38	asset	asset	NOUN
ftr-315	325	39	,	,	PUNCT
ftr-315	325	40	asset	asset	NOUN
ftr-315	325	41	b	b	PROPN
ftr-315	325	42	(	(	PUNCT
ftr-315	325	43	again	again	ADV
ftr-315	325	44	,	,	PUNCT
ftr-315	325	45	assume	assume	VERB
ftr-315	325	46	that	that	SCONJ
ftr-315	325	47	asset	asset	NOUN
ftr-315	325	48	b	b	NOUN
ftr-315	325	49	is	be	AUX
ftr-315	325	50	still	still	ADV
ftr-315	325	51	worth	worth	ADJ
ftr-315	325	52	$	$	SYM
ftr-315	325	53	600	600	NUM
ftr-315	325	54	)	)	PUNCT
ftr-315	325	55	.	.	PUNCT
ftr-315	326	1	this	this	PRON
ftr-315	326	2	effectively	effectively	ADV
ftr-315	326	3	turns	turn	VERB
ftr-315	326	4	the	the	DET
ftr-315	326	5	gp	gp	NOUN
ftr-315	326	6	’s	’s	ADV
ftr-315	326	7	carry	carry	VERB
ftr-315	326	8	back	back	ADV
ftr-315	326	9	into	into	ADP
ftr-315	326	10	an	an	DET
ftr-315	326	11	atthe	atthe	ADJ
ftr-315	326	12	-	-	PUNCT
ftr-315	326	13	money	money	NOUN
ftr-315	326	14	(	(	PUNCT
ftr-315	326	15	rather	rather	ADV
ftr-315	326	16	than	than	ADP
ftr-315	326	17	an	an	DET
ftr-315	326	18	in	in	ADP
ftr-315	326	19	-	-	PUNCT
ftr-315	326	20	the	the	DET
ftr-315	326	21	-	-	PUNCT
ftr-315	326	22	money	money	NOUN
ftr-315	326	23	)	)	PUNCT
ftr-315	326	24	option	option	NOUN
ftr-315	326	25	.	.	PUNCT
ftr-315	327	1	with	with	ADP
ftr-315	327	2	this	this	DET
ftr-315	327	3	at	at	ADP
ftr-315	327	4	-	-	PUNCT
ftr-315	327	5	the	the	DET
ftr-315	327	6	-	-	PUNCT
ftr-315	327	7	money	money	NOUN
ftr-315	327	8	option	option	NOUN
ftr-315	327	9	,	,	PUNCT
ftr-315	327	10	the	the	DET
ftr-315	327	11	gp	gp	NOUN
ftr-315	327	12	now	now	ADV
ftr-315	327	13	does	do	AUX
ftr-315	327	14	have	have	VERB
ftr-315	327	15	an	an	DET
ftr-315	327	16	incentive	incentive	NOUN
ftr-315	327	17	to	to	PART
ftr-315	327	18	take	take	VERB
ftr-315	327	19	the	the	DET
ftr-315	327	20	riskier	risky	ADJ
ftr-315	327	21	approach	approach	NOUN
ftr-315	327	22	to	to	ADP
ftr-315	327	23	managing	manage	VERB
ftr-315	327	24	asset	asset	NOUN
ftr-315	327	25	b	b	PROPN
ftr-315	327	26	that	that	PRON
ftr-315	327	27	is	be	AUX
ftr-315	327	28	described	describe	VERB
ftr-315	327	29	above.58	above.58	PROPN
ftr-315	327	30	this	this	PRON
ftr-315	327	31	is	be	AUX
ftr-315	327	32	because	because	SCONJ
ftr-315	327	33	,	,	PUNCT
ftr-315	327	34	under	under	ADP
ftr-315	327	35	the	the	DET
ftr-315	327	36	55	55	NUM
ftr-315	327	37	.	.	PUNCT
ftr-315	328	1	to	to	ADP
ftr-315	328	2	the	the	DET
ftr-315	328	3	extent	extent	NOUN
ftr-315	328	4	that	that	SCONJ
ftr-315	328	5	the	the	DET
ftr-315	328	6	gp	gp	NOUN
ftr-315	328	7	is	be	AUX
ftr-315	328	8	risk	risk	NOUN
ftr-315	328	9	averse	averse	ADJ
ftr-315	328	10	,	,	PUNCT
ftr-315	328	11	the	the	DET
ftr-315	328	12	in	in	ADP
ftr-315	328	13	-	-	PUNCT
ftr-315	328	14	the	the	DET
ftr-315	328	15	-	-	PUNCT
ftr-315	328	16	money	money	NOUN
ftr-315	328	17	character	character	NOUN
ftr-315	328	18	of	of	ADP
ftr-315	328	19	the	the	DET
ftr-315	328	20	carry	carry	NOUN
ftr-315	328	21	could	could	AUX
ftr-315	328	22	actually	actually	ADV
ftr-315	328	23	lead	lead	VERB
ftr-315	328	24	the	the	DET
ftr-315	328	25	gp	gp	NOUN
ftr-315	328	26	to	to	PART
ftr-315	328	27	take	take	VERB
ftr-315	328	28	too	too	ADV
ftr-315	328	29	little	little	ADJ
ftr-315	328	30	risk	risk	NOUN
ftr-315	328	31	with	with	ADP
ftr-315	328	32	respect	respect	NOUN
ftr-315	328	33	to	to	ADP
ftr-315	328	34	subsequent	subsequent	ADJ
ftr-315	328	35	management	management	NOUN
ftr-315	328	36	decisions	decision	NOUN
ftr-315	328	37	.	.	PUNCT
ftr-315	329	1	that	that	PRON
ftr-315	329	2	is	is	ADV
ftr-315	329	3	,	,	PUNCT
ftr-315	329	4	the	the	DET
ftr-315	329	5	gp	gp	NOUN
ftr-315	329	6	might	might	AUX
ftr-315	329	7	opt	opt	VERB
ftr-315	329	8	for	for	ADP
ftr-315	329	9	an	an	DET
ftr-315	329	10	approach	approach	NOUN
ftr-315	329	11	to	to	ADP
ftr-315	329	12	asset	asset	PROPN
ftr-315	329	13	b	b	PROPN
ftr-315	329	14	that	that	PRON
ftr-315	329	15	will	will	AUX
ftr-315	329	16	,	,	PUNCT
ftr-315	329	17	with	with	ADP
ftr-315	329	18	100	100	NUM
ftr-315	329	19	percent	percent	NOUN
ftr-315	329	20	certainty	certainty	NOUN
ftr-315	329	21	,	,	PUNCT
ftr-315	329	22	result	result	VERB
ftr-315	329	23	in	in	ADP
ftr-315	329	24	$	$	SYM
ftr-315	329	25	605	605	NUM
ftr-315	329	26	,	,	PUNCT
ftr-315	329	27	rather	rather	ADV
ftr-315	329	28	than	than	ADP
ftr-315	329	29	an	an	DET
ftr-315	329	30	approach	approach	NOUN
ftr-315	329	31	to	to	ADP
ftr-315	329	32	asset	asset	NOUN
ftr-315	329	33	b	b	PROPN
ftr-315	329	34	that	that	PRON
ftr-315	329	35	,	,	PUNCT
ftr-315	329	36	while	while	SCONJ
ftr-315	329	37	subject	subject	ADJ
ftr-315	329	38	to	to	ADP
ftr-315	329	39	some	some	DET
ftr-315	329	40	uncertainty	uncertainty	NOUN
ftr-315	329	41	,	,	PUNCT
ftr-315	329	42	will	will	AUX
ftr-315	329	43	have	have	VERB
ftr-315	329	44	an	an	DET
ftr-315	329	45	expected	expect	VERB
ftr-315	329	46	value	value	NOUN
ftr-315	329	47	of	of	ADP
ftr-315	329	48	$	$	SYM
ftr-315	329	49	610	610	NUM
ftr-315	329	50	(	(	PUNCT
ftr-315	329	51	e.g.	e.g.	ADV
ftr-315	329	52	,	,	PUNCT
ftr-315	329	53	50	50	NUM
ftr-315	329	54	percent	percent	NOUN
ftr-315	329	55	chance	chance	NOUN
ftr-315	329	56	of	of	ADP
ftr-315	329	57	$	$	SYM
ftr-315	329	58	590	590	NUM
ftr-315	329	59	,	,	PUNCT
ftr-315	329	60	50	50	NUM
ftr-315	329	61	percent	percent	NOUN
ftr-315	329	62	chance	chance	NOUN
ftr-315	329	63	of	of	ADP
ftr-315	329	64	$	$	SYM
ftr-315	329	65	630	630	NUM
ftr-315	329	66	)	)	PUNCT
ftr-315	329	67	.	.	PUNCT
ftr-315	330	1	however	however	ADV
ftr-315	330	2	,	,	PUNCT
ftr-315	330	3	for	for	ADP
ftr-315	330	4	simplicity	simplicity	NOUN
ftr-315	330	5	,	,	PUNCT
ftr-315	330	6	this	this	DET
ftr-315	330	7	discussion	discussion	NOUN
ftr-315	330	8	will	will	AUX
ftr-315	330	9	assume	assume	VERB
ftr-315	330	10	(	(	PUNCT
ftr-315	330	11	unless	unless	SCONJ
ftr-315	330	12	otherwise	otherwise	ADV
ftr-315	330	13	stated	state	VERB
ftr-315	330	14	)	)	PUNCT
ftr-315	330	15	that	that	SCONJ
ftr-315	330	16	the	the	DET
ftr-315	330	17	gp	gp	NOUN
ftr-315	330	18	is	be	AUX
ftr-315	330	19	a	a	DET
ftr-315	330	20	risk	risk	NOUN
ftr-315	330	21	-	-	PUNCT
ftr-315	330	22	neutral	neutral	ADJ
ftr-315	330	23	,	,	PUNCT
ftr-315	330	24	rational	rational	ADJ
ftr-315	330	25	actor	actor	NOUN
ftr-315	330	26	or	or	CCONJ
ftr-315	330	27	that	that	SCONJ
ftr-315	330	28	other	other	ADJ
ftr-315	330	29	factors	factor	NOUN
ftr-315	330	30	(	(	PUNCT
ftr-315	330	31	e.g.	e.g.	ADV
ftr-315	330	32	,	,	PUNCT
ftr-315	330	33	fund	fund	NOUN
ftr-315	330	34	agreement	agreement	NOUN
ftr-315	330	35	limitations	limitation	NOUN
ftr-315	330	36	on	on	ADP
ftr-315	330	37	the	the	DET
ftr-315	330	38	type	type	NOUN
ftr-315	330	39	of	of	ADP
ftr-315	330	40	investments	investment	NOUN
ftr-315	330	41	the	the	DET
ftr-315	330	42	gp	gp	NOUN
ftr-315	330	43	may	may	AUX
ftr-315	330	44	make	make	VERB
ftr-315	330	45	)	)	PUNCT
ftr-315	330	46	constrain	constrain	VERB
ftr-315	330	47	any	any	PRON
ftr-315	330	48	(	(	PUNCT
ftr-315	330	49	or	or	CCONJ
ftr-315	330	50	most	most	ADJ
ftr-315	330	51	of	of	ADP
ftr-315	330	52	the	the	DET
ftr-315	330	53	)	)	PUNCT
ftr-315	330	54	incentive	incentive	NOUN
ftr-315	330	55	that	that	PRON
ftr-315	330	56	the	the	DET
ftr-315	330	57	gp	gp	NOUN
ftr-315	330	58	has	have	VERB
ftr-315	330	59	to	to	PART
ftr-315	330	60	take	take	VERB
ftr-315	330	61	too	too	ADV
ftr-315	330	62	little	little	ADJ
ftr-315	330	63	risk	risk	NOUN
ftr-315	330	64	.	.	PUNCT
ftr-315	331	1	56	56	NUM
ftr-315	331	2	.	.	PUNCT
ftr-315	332	1	(	(	PUNCT
ftr-315	332	2	20	20	NUM
ftr-315	332	3	%	%	NOUN
ftr-315	332	4	*	*	PUNCT
ftr-315	332	5	$	$	SYM
ftr-315	332	6	2000	2000	NUM
ftr-315	332	7	)	)	PUNCT
ftr-315	333	1	+	+	CCONJ
ftr-315	333	2	(	(	PUNCT
ftr-315	333	3	80	80	NUM
ftr-315	333	4	%	%	NOUN
ftr-315	333	5	*	*	PUNCT
ftr-315	333	6	$	$	SYM
ftr-315	333	7	0	0	NUM
ftr-315	333	8	)	)	PUNCT
ftr-315	333	9	=	=	PUNCT
ftr-315	333	10	$	$	SYM
ftr-315	333	11	400	400	NUM
ftr-315	333	12	57	57	NUM
ftr-315	333	13	.	.	PUNCT
ftr-315	334	1	prior	prior	ADV
ftr-315	334	2	to	to	ADP
ftr-315	334	3	choosing	choose	VERB
ftr-315	334	4	an	an	DET
ftr-315	334	5	action	action	NOUN
ftr-315	334	6	with	with	ADP
ftr-315	334	7	respect	respect	NOUN
ftr-315	334	8	to	to	ADP
ftr-315	334	9	asset	asset	NOUN
ftr-315	334	10	b	b	PROPN
ftr-315	334	11	,	,	PUNCT
ftr-315	334	12	the	the	DET
ftr-315	334	13	fund	fund	NOUN
ftr-315	334	14	assets	asset	NOUN
ftr-315	334	15	are	be	AUX
ftr-315	334	16	worth	worth	ADJ
ftr-315	334	17	$	$	SYM
ftr-315	334	18	1150	1150	NUM
ftr-315	334	19	(	(	PUNCT
ftr-315	334	20	$	$	SYM
ftr-315	334	21	550	550	NUM
ftr-315	334	22	value	value	NOUN
ftr-315	334	23	of	of	ADP
ftr-315	334	24	asset	asset	NOUN
ftr-315	334	25	a	a	DET
ftr-315	334	26	plus	plus	CCONJ
ftr-315	334	27	$	$	SYM
ftr-315	334	28	600	600	NUM
ftr-315	334	29	value	value	NOUN
ftr-315	334	30	of	of	ADP
ftr-315	334	31	asset	asset	NOUN
ftr-315	334	32	b	b	PROPN
ftr-315	334	33	)	)	PUNCT
ftr-315	334	34	.	.	PUNCT
ftr-315	335	1	if	if	SCONJ
ftr-315	335	2	the	the	DET
ftr-315	335	3	gp	gp	NOUN
ftr-315	335	4	opts	opt	VERB
ftr-315	335	5	for	for	ADP
ftr-315	335	6	the	the	DET
ftr-315	335	7	risky	risky	ADJ
ftr-315	335	8	approach	approach	NOUN
ftr-315	335	9	to	to	ADP
ftr-315	335	10	managing	manage	VERB
ftr-315	335	11	asset	asset	NOUN
ftr-315	335	12	b	b	NOUN
ftr-315	335	13	,	,	PUNCT
ftr-315	335	14	the	the	DET
ftr-315	335	15	expected	expect	VERB
ftr-315	335	16	value	value	NOUN
ftr-315	335	17	of	of	ADP
ftr-315	335	18	asset	asset	PROPN
ftr-315	335	19	b	b	PROPN
ftr-315	335	20	under	under	ADP
ftr-315	335	21	this	this	DET
ftr-315	335	22	approach	approach	NOUN
ftr-315	335	23	is	be	AUX
ftr-315	335	24	$	$	SYM
ftr-315	335	25	400	400	NUM
ftr-315	335	26	.	.	PUNCT
ftr-315	336	1	thus	thus	ADV
ftr-315	336	2	,	,	PUNCT
ftr-315	336	3	holding	hold	VERB
ftr-315	336	4	everything	everything	PRON
ftr-315	336	5	else	else	ADV
ftr-315	336	6	steady	steady	ADJ
ftr-315	336	7	,	,	PUNCT
ftr-315	336	8	the	the	DET
ftr-315	336	9	expected	expect	VERB
ftr-315	336	10	value	value	NOUN
ftr-315	336	11	of	of	ADP
ftr-315	336	12	the	the	DET
ftr-315	336	13	total	total	ADJ
ftr-315	336	14	fund	fund	NOUN
ftr-315	336	15	assets	asset	NOUN
ftr-315	336	16	would	would	AUX
ftr-315	336	17	be	be	AUX
ftr-315	336	18	only	only	ADV
ftr-315	336	19	$	$	SYM
ftr-315	336	20	950	950	NUM
ftr-315	336	21	(	(	PUNCT
ftr-315	336	22	$	$	SYM
ftr-315	336	23	550	550	NUM
ftr-315	336	24	value	value	NOUN
ftr-315	336	25	of	of	ADP
ftr-315	336	26	asset	asset	NOUN
ftr-315	336	27	a	a	PRON
ftr-315	336	28	+	+	NOUN
ftr-315	336	29	$	$	SYM
ftr-315	336	30	400	400	NUM
ftr-315	336	31	expected	expect	VERB
ftr-315	336	32	value	value	NOUN
ftr-315	336	33	of	of	ADP
ftr-315	336	34	asset	asset	NOUN
ftr-315	336	35	b	b	PROPN
ftr-315	336	36	)	)	PUNCT
ftr-315	336	37	,	,	PUNCT
ftr-315	336	38	in	in	ADP
ftr-315	336	39	which	which	DET
ftr-315	336	40	case	case	NOUN
ftr-315	336	41	the	the	DET
ftr-315	336	42	gp	gp	NOUN
ftr-315	336	43	would	would	AUX
ftr-315	336	44	not	not	PART
ftr-315	336	45	be	be	AUX
ftr-315	336	46	entitled	entitle	VERB
ftr-315	336	47	to	to	ADP
ftr-315	336	48	any	any	DET
ftr-315	336	49	money	money	NOUN
ftr-315	336	50	on	on	ADP
ftr-315	336	51	account	account	NOUN
ftr-315	336	52	of	of	ADP
ftr-315	336	53	the	the	DET
ftr-315	336	54	carry	carry	NOUN
ftr-315	336	55	;	;	PUNCT
ftr-315	336	56	the	the	DET
ftr-315	336	57	gp	gp	NOUN
ftr-315	336	58	’s	’s	PART
ftr-315	336	59	earlier	early	ADJ
ftr-315	336	60	entitlement	entitlement	NOUN
ftr-315	336	61	to	to	ADP
ftr-315	336	62	a	a	DET
ftr-315	336	63	$	$	SYM
ftr-315	336	64	30	30	NUM
ftr-315	336	65	carry	carry	NOUN
ftr-315	336	66	from	from	ADP
ftr-315	336	67	asset	asset	NOUN
ftr-315	336	68	a	a	PRON
ftr-315	336	69	would	would	AUX
ftr-315	336	70	be	be	AUX
ftr-315	336	71	totally	totally	ADV
ftr-315	336	72	eliminated	eliminate	VERB
ftr-315	336	73	.	.	PUNCT
ftr-315	337	1	58	58	NUM
ftr-315	337	2	.	.	PUNCT
ftr-315	338	1	of	of	ADP
ftr-315	338	2	course	course	NOUN
ftr-315	338	3	,	,	PUNCT
ftr-315	338	4	the	the	DET
ftr-315	338	5	gp	gp	NOUN
ftr-315	338	6	’s	’s	PART
ftr-315	338	7	choice	choice	NOUN
ftr-315	338	8	of	of	ADP
ftr-315	338	9	action	action	NOUN
ftr-315	338	10	does	do	AUX
ftr-315	338	11	depend	depend	VERB
ftr-315	338	12	on	on	ADP
ftr-315	338	13	what	what	PRON
ftr-315	338	14	other	other	ADJ
ftr-315	338	15	alternatives	alternative	NOUN
ftr-315	338	16	are	be	AUX
ftr-315	338	17	available	available	ADJ
ftr-315	338	18	for	for	ADP
ftr-315	338	19	managing	manage	VERB
ftr-315	338	20	asset	asset	NOUN
ftr-315	338	21	b.	b.	PROPN
ftr-315	338	22	here	here	ADV
ftr-315	338	23	,	,	PUNCT
ftr-315	338	24	for	for	ADP
ftr-315	338	25	purposes	purpose	NOUN
ftr-315	338	26	of	of	ADP
ftr-315	338	27	simplicity	simplicity	NOUN
ftr-315	338	28	,	,	PUNCT
ftr-315	338	29	i	i	PRON
ftr-315	338	30	just	just	ADV
ftr-315	338	31	compare	compare	VERB
ftr-315	338	32	the	the	DET
ftr-315	338	33	20	20	NUM
ftr-315	338	34	percent	percent	NOUN
ftr-315	338	35	chance	chance	NOUN
ftr-315	338	36	of	of	ADP
ftr-315	338	37	$	$	SYM
ftr-315	338	38	2000	2000	NUM
ftr-315	338	39	/	/	SYM
ftr-315	338	40	80	80	NUM
ftr-315	338	41	percent	percent	NOUN
ftr-315	338	42	chance	chance	NOUN
ftr-315	338	43	of	of	ADP
ftr-315	338	44	$	$	SYM
ftr-315	338	45	0	0	NUM
ftr-315	338	46	approach	approach	NOUN
ftr-315	338	47	to	to	ADP
ftr-315	338	48	2012	2012	NUM
ftr-315	338	49	]	]	PUNCT
ftr-315	338	50	“	"	PUNCT
ftr-315	338	51	carried	carry	VERB
ftr-315	338	52	interest	interest	NOUN
ftr-315	338	53	”	"	PUNCT
ftr-315	338	54	tax	tax	NOUN
ftr-315	338	55	proposals	proposal	NOUN
ftr-315	338	56	19	19	NUM
ftr-315	338	57	approach	approach	NOUN
ftr-315	338	58	described	describe	VERB
ftr-315	338	59	above	above	ADV
ftr-315	338	60	(	(	PUNCT
ftr-315	338	61	20	20	NUM
ftr-315	338	62	percent	percent	NOUN
ftr-315	338	63	chance	chance	NOUN
ftr-315	338	64	of	of	ADP
ftr-315	338	65	$	$	SYM
ftr-315	338	66	2000	2000	NUM
ftr-315	338	67	value	value	NOUN
ftr-315	338	68	,	,	PUNCT
ftr-315	338	69	80	80	NUM
ftr-315	338	70	percent	percent	NOUN
ftr-315	338	71	of	of	ADP
ftr-315	338	72	$	$	SYM
ftr-315	338	73	0	0	NUM
ftr-315	338	74	value	value	NOUN
ftr-315	338	75	)	)	PUNCT
ftr-315	338	76	,	,	PUNCT
ftr-315	338	77	the	the	DET
ftr-315	338	78	gp	gp	NOUN
ftr-315	338	79	has	have	VERB
ftr-315	338	80	a	a	DET
ftr-315	338	81	20	20	NUM
ftr-315	338	82	percent	percent	NOUN
ftr-315	338	83	chance	chance	NOUN
ftr-315	338	84	of	of	ADP
ftr-315	338	85	earning	earn	VERB
ftr-315	338	86	additional	additional	ADJ
ftr-315	338	87	carry	carry	NOUN
ftr-315	338	88	if	if	SCONJ
ftr-315	338	89	the	the	DET
ftr-315	338	90	value	value	NOUN
ftr-315	338	91	of	of	ADP
ftr-315	338	92	asset	asset	NOUN
ftr-315	338	93	b	b	PROPN
ftr-315	338	94	increases	increase	VERB
ftr-315	338	95	to	to	ADP
ftr-315	338	96	$	$	SYM
ftr-315	338	97	2000	2000	NUM
ftr-315	338	98	.	.	PUNCT
ftr-315	339	1	if	if	SCONJ
ftr-315	339	2	the	the	DET
ftr-315	339	3	risk	risk	NOUN
ftr-315	339	4	fails	fail	VERB
ftr-315	339	5	,	,	PUNCT
ftr-315	339	6	the	the	DET
ftr-315	339	7	gp	gp	NOUN
ftr-315	339	8	will	will	AUX
ftr-315	339	9	keep	keep	VERB
ftr-315	339	10	the	the	DET
ftr-315	339	11	$	$	SYM
ftr-315	339	12	30	30	NUM
ftr-315	339	13	carry	carry	AUX
ftr-315	339	14	previously	previously	ADV
ftr-315	339	15	distributed	distribute	VERB
ftr-315	339	16	and	and	CCONJ
ftr-315	339	17	get	get	VERB
ftr-315	339	18	nothing	nothing	PRON
ftr-315	339	19	more	more	ADJ
ftr-315	339	20	—	—	PUNCT
ftr-315	339	21	the	the	DET
ftr-315	339	22	same	same	ADJ
ftr-315	339	23	result	result	NOUN
ftr-315	339	24	as	as	SCONJ
ftr-315	339	25	if	if	SCONJ
ftr-315	339	26	asset	asset	NOUN
ftr-315	339	27	b	b	NOUN
ftr-315	339	28	merely	merely	ADV
ftr-315	339	29	maintained	maintain	VERB
ftr-315	339	30	its	its	PRON
ftr-315	339	31	current	current	ADJ
ftr-315	339	32	$	$	SYM
ftr-315	339	33	600	600	NUM
ftr-315	339	34	value	value	NOUN
ftr-315	339	35	.	.	PUNCT
ftr-315	340	1	thus	thus	ADV
ftr-315	340	2	,	,	PUNCT
ftr-315	340	3	the	the	DET
ftr-315	340	4	gp	gp	NOUN
ftr-315	340	5	has	have	VERB
ftr-315	340	6	nothing	nothing	PRON
ftr-315	340	7	to	to	PART
ftr-315	340	8	lose	lose	VERB
ftr-315	340	9	(	(	PUNCT
ftr-315	340	10	setting	set	VERB
ftr-315	340	11	aside	aside	ADV
ftr-315	340	12	reputational	reputational	ADJ
ftr-315	340	13	issues)59	issues)59	VERB
ftr-315	340	14	by	by	ADP
ftr-315	340	15	taking	take	VERB
ftr-315	340	16	a	a	DET
ftr-315	340	17	risk	risk	NOUN
ftr-315	340	18	with	with	ADP
ftr-315	340	19	respect	respect	NOUN
ftr-315	340	20	to	to	ADP
ftr-315	340	21	asset	asset	NOUN
ftr-315	340	22	management	management	NOUN
ftr-315	340	23	decisions	decision	NOUN
ftr-315	340	24	of	of	ADP
ftr-315	340	25	the	the	DET
ftr-315	340	26	fund	fund	NOUN
ftr-315	340	27	that	that	PRON
ftr-315	340	28	the	the	DET
ftr-315	340	29	lps	lps	PROPN
ftr-315	340	30	would	would	AUX
ftr-315	340	31	not	not	PART
ftr-315	340	32	want	want	VERB
ftr-315	340	33	to	to	ADP
ftr-315	340	34	take.60	take.60	PROPN
ftr-315	340	35	moreover	moreover	ADV
ftr-315	340	36	,	,	PUNCT
ftr-315	340	37	this	this	DET
ftr-315	340	38	incentive	incentive	NOUN
ftr-315	340	39	for	for	SCONJ
ftr-315	340	40	the	the	DET
ftr-315	340	41	gp	gp	NOUN
ftr-315	340	42	to	to	PART
ftr-315	340	43	take	take	VERB
ftr-315	340	44	this	this	DET
ftr-315	340	45	type	type	NOUN
ftr-315	340	46	of	of	ADP
ftr-315	340	47	risk	risk	NOUN
ftr-315	340	48	(	(	PUNCT
ftr-315	340	49	i.e.	i.e.	X
ftr-315	340	50	,	,	PUNCT
ftr-315	340	51	a	a	DET
ftr-315	340	52	long	long	ADV
ftr-315	340	53	-	-	PUNCT
ftr-315	340	54	shot	shot	NOUN
ftr-315	340	55	risk	risk	NOUN
ftr-315	340	56	that	that	PRON
ftr-315	340	57	would	would	AUX
ftr-315	340	58	reduce	reduce	VERB
ftr-315	340	59	the	the	DET
ftr-315	340	60	fund	fund	NOUN
ftr-315	340	61	’s	’s	PART
ftr-315	340	62	expected	expect	VERB
ftr-315	340	63	value	value	NOUN
ftr-315	340	64	)	)	PUNCT
ftr-315	340	65	is	be	AUX
ftr-315	340	66	increased	increase	VERB
ftr-315	340	67	if	if	SCONJ
ftr-315	340	68	the	the	DET
ftr-315	340	69	carry	carry	NOUN
ftr-315	340	70	becomes	become	VERB
ftr-315	340	71	akin	akin	ADJ
ftr-315	340	72	to	to	ADP
ftr-315	340	73	an	an	DET
ftr-315	340	74	out	out	ADV
ftr-315	340	75	-	-	PUNCT
ftr-315	340	76	of	of	ADP
ftr-315	340	77	-	-	PUNCT
ftr-315	340	78	the	the	DET
ftr-315	340	79	-	-	PUNCT
ftr-315	340	80	money	money	NOUN
ftr-315	340	81	option	option	NOUN
ftr-315	340	82	,	,	PUNCT
ftr-315	340	83	which	which	PRON
ftr-315	340	84	will	will	AUX
ftr-315	340	85	happen	happen	VERB
ftr-315	340	86	as	as	ADV
ftr-315	340	87	soon	soon	ADV
ftr-315	340	88	as	as	SCONJ
ftr-315	340	89	the	the	DET
ftr-315	340	90	value	value	NOUN
ftr-315	340	91	of	of	ADP
ftr-315	340	92	asset	asset	NOUN
ftr-315	340	93	b	b	PROPN
ftr-315	340	94	declines	decline	VERB
ftr-315	340	95	at	at	ADV
ftr-315	340	96	all	all	ADV
ftr-315	340	97	from	from	ADP
ftr-315	340	98	its	its	PRON
ftr-315	340	99	original	original	ADJ
ftr-315	340	100	$	$	SYM
ftr-315	340	101	600	600	NUM
ftr-315	340	102	value	value	NOUN
ftr-315	340	103	.	.	PUNCT
ftr-315	341	1	and	and	CCONJ
ftr-315	341	2	the	the	DET
ftr-315	341	3	risk	risk	NOUN
ftr-315	341	4	-	-	PUNCT
ftr-315	341	5	taking	take	VERB
ftr-315	341	6	incentive	incentive	NOUN
ftr-315	341	7	continues	continue	VERB
ftr-315	341	8	to	to	PART
ftr-315	341	9	increase	increase	VERB
ftr-315	341	10	as	as	SCONJ
ftr-315	341	11	the	the	DET
ftr-315	341	12	gp	gp	NOUN
ftr-315	341	13	’s	’s	PART
ftr-315	341	14	carry	carry	NOUN
ftr-315	341	15	gets	get	VERB
ftr-315	341	16	deeper	deep	ADJ
ftr-315	341	17	and	and	CCONJ
ftr-315	341	18	deeper	deep	ADJ
ftr-315	341	19	out	out	ADP
ftr-315	341	20	-	-	PUNCT
ftr-315	341	21	of	of	ADP
ftr-315	341	22	-	-	PUNCT
ftr-315	341	23	the	the	DET
ftr-315	341	24	-	-	PUNCT
ftr-315	341	25	money	money	NOUN
ftr-315	341	26	(	(	PUNCT
ftr-315	341	27	i.e.	i.e.	X
ftr-315	341	28	,	,	PUNCT
ftr-315	341	29	if	if	SCONJ
ftr-315	341	30	and	and	CCONJ
ftr-315	341	31	as	as	ADP
ftr-315	341	32	the	the	DET
ftr-315	341	33	value	value	NOUN
ftr-315	341	34	of	of	ADP
ftr-315	341	35	asset	asset	NOUN
ftr-315	341	36	b	b	PROPN
ftr-315	341	37	declines	decline	VERB
ftr-315	341	38	more	more	ADJ
ftr-315	341	39	and	and	CCONJ
ftr-315	341	40	more).61	more).61	NOUN
ftr-315	341	41	(	(	PUNCT
ftr-315	341	42	b	b	NOUN
ftr-315	341	43	)	)	PUNCT
ftr-315	341	44	example	example	NOUN
ftr-315	341	45	#	#	SYM
ftr-315	341	46	2	2	NUM
ftr-315	341	47	—	—	PUNCT
ftr-315	341	48	how	how	SCONJ
ftr-315	341	49	might	might	AUX
ftr-315	341	50	a	a	DET
ftr-315	341	51	clawback	clawback	NOUN
ftr-315	341	52	help	help	NOUN
ftr-315	341	53	protect	protect	VERB
ftr-315	341	54	the	the	DET
ftr-315	341	55	lps	lps	PROPN
ftr-315	341	56	?	?	PUNCT
ftr-315	342	1	consider	consider	VERB
ftr-315	342	2	again	again	ADV
ftr-315	342	3	the	the	DET
ftr-315	342	4	basic	basic	ADJ
ftr-315	342	5	scenario	scenario	NOUN
ftr-315	342	6	presented	present	VERB
ftr-315	342	7	by	by	ADP
ftr-315	342	8	example	example	NOUN
ftr-315	342	9	#	#	SYM
ftr-315	342	10	1	1	NUM
ftr-315	342	11	,	,	PUNCT
ftr-315	342	12	but	but	CCONJ
ftr-315	342	13	now	now	ADV
ftr-315	342	14	assume	assume	VERB
ftr-315	342	15	that	that	SCONJ
ftr-315	342	16	the	the	DET
ftr-315	342	17	fund	fund	NOUN
ftr-315	342	18	agreement	agreement	NOUN
ftr-315	342	19	contains	contain	VERB
ftr-315	342	20	a	a	DET
ftr-315	342	21	complete	complete	ADJ
ftr-315	342	22	clawback	clawback	NOUN
ftr-315	342	23	provision	provision	NOUN
ftr-315	342	24	.	.	PUNCT
ftr-315	343	1	a	a	DET
ftr-315	343	2	clawback	clawback	NOUN
ftr-315	343	3	provision	provision	NOUN
ftr-315	343	4	corrects	correct	NOUN
ftr-315	343	5	the	the	DET
ftr-315	343	6	economic	economic	ADJ
ftr-315	343	7	distortions	distortion	NOUN
ftr-315	343	8	encountered	encounter	VERB
ftr-315	343	9	in	in	ADP
ftr-315	343	10	example	example	NOUN
ftr-315	343	11	#	#	SYM
ftr-315	343	12	1	1	NUM
ftr-315	343	13	.	.	PUNCT
ftr-315	344	1	the	the	DET
ftr-315	344	2	clawback	clawback	NOUN
ftr-315	344	3	requires	require	VERB
ftr-315	344	4	the	the	DET
ftr-315	344	5	gp	gp	NOUN
ftr-315	344	6	to	to	PART
ftr-315	344	7	return	return	VERB
ftr-315	344	8	the	the	DET
ftr-315	344	9	over	over	ADV
ftr-315	344	10	-	-	PUNCT
ftr-315	344	11	distributed	distribute	VERB
ftr-315	344	12	carry	carry	NOUN
ftr-315	344	13	(	(	PUNCT
ftr-315	344	14	i.e.	i.e.	X
ftr-315	344	15	,	,	PUNCT
ftr-315	344	16	$	$	SYM
ftr-315	344	17	20	20	NUM
ftr-315	344	18	,	,	PUNCT
ftr-315	344	19	which	which	PRON
ftr-315	344	20	is	be	AUX
ftr-315	344	21	the	the	DET
ftr-315	344	22	excess	excess	NOUN
ftr-315	344	23	of	of	ADP
ftr-315	344	24	$	$	SYM
ftr-315	344	25	30	30	NUM
ftr-315	344	26	carry	carry	NOUN
ftr-315	344	27	received	receive	VERB
ftr-315	344	28	in	in	ADP
ftr-315	344	29	year	year	NOUN
ftr-315	344	30	2	2	NUM
ftr-315	344	31	over	over	ADP
ftr-315	344	32	the	the	DET
ftr-315	344	33	the	the	DET
ftr-315	344	34	status	status	NOUN
ftr-315	344	35	quo	quo	NOUN
ftr-315	344	36	,	,	PUNCT
ftr-315	344	37	assuming	assume	VERB
ftr-315	344	38	that	that	SCONJ
ftr-315	344	39	the	the	DET
ftr-315	344	40	asset	asset	NOUN
ftr-315	344	41	could	could	AUX
ftr-315	344	42	maintain	maintain	VERB
ftr-315	344	43	its	its	PRON
ftr-315	344	44	value	value	NOUN
ftr-315	344	45	in	in	ADP
ftr-315	344	46	the	the	DET
ftr-315	344	47	absence	absence	NOUN
ftr-315	344	48	of	of	ADP
ftr-315	344	49	action	action	NOUN
ftr-315	344	50	.	.	PUNCT
ftr-315	345	1	59	59	NUM
ftr-315	345	2	.	.	PUNCT
ftr-315	346	1	see	see	PROPN
ftr-315	346	2	gilson	gilson	PROPN
ftr-315	346	3	,	,	PUNCT
ftr-315	346	4	venture	venture	NOUN
ftr-315	346	5	capital	capital	NOUN
ftr-315	346	6	markets	market	NOUN
ftr-315	346	7	,	,	PUNCT
ftr-315	346	8	supra	supra	PROPN
ftr-315	346	9	note	note	NOUN
ftr-315	346	10	17	17	NUM
ftr-315	346	11	,	,	PUNCT
ftr-315	346	12	at	at	ADP
ftr-315	346	13	1090	1090	NUM
ftr-315	346	14	(	(	PUNCT
ftr-315	346	15	discussing	discuss	VERB
ftr-315	346	16	reputational	reputational	ADJ
ftr-315	346	17	considerations	consideration	NOUN
ftr-315	346	18	)	)	PUNCT
ftr-315	346	19	;	;	PUNCT
ftr-315	346	20	fleischer	fleischer	NOUN
ftr-315	346	21	,	,	PUNCT
ftr-315	346	22	preferred	preferred	ADJ
ftr-315	346	23	return	return	NOUN
ftr-315	346	24	,	,	PUNCT
ftr-315	346	25	supra	supra	PROPN
ftr-315	346	26	note	note	NOUN
ftr-315	346	27	51	51	NUM
ftr-315	346	28	,	,	PUNCT
ftr-315	346	29	at	at	ADP
ftr-315	346	30	101–02	101–02	NUM
ftr-315	346	31	.	.	PUNCT
ftr-315	347	1	60	60	NUM
ftr-315	347	2	.	.	PUNCT
ftr-315	348	1	in	in	ADP
ftr-315	348	2	general	general	ADJ
ftr-315	348	3	,	,	PUNCT
ftr-315	348	4	an	an	DET
ftr-315	348	5	option	option	NOUN
ftr-315	348	6	-	-	PUNCT
ftr-315	348	7	holder	holder	NOUN
ftr-315	348	8	(	(	PUNCT
ftr-315	348	9	such	such	ADJ
ftr-315	348	10	as	as	ADP
ftr-315	348	11	the	the	DET
ftr-315	348	12	gp	gp	NOUN
ftr-315	348	13	)	)	PUNCT
ftr-315	348	14	and	and	CCONJ
ftr-315	348	15	an	an	DET
ftr-315	348	16	equity	equity	NOUN
ftr-315	348	17	-	-	PUNCT
ftr-315	348	18	holder	holder	NOUN
ftr-315	348	19	(	(	PUNCT
ftr-315	348	20	such	such	ADJ
ftr-315	348	21	as	as	ADP
ftr-315	348	22	an	an	DET
ftr-315	348	23	lp	lp	NOUN
ftr-315	348	24	)	)	PUNCT
ftr-315	348	25	will	will	AUX
ftr-315	348	26	have	have	VERB
ftr-315	348	27	incentives	incentive	NOUN
ftr-315	348	28	that	that	PRON
ftr-315	348	29	are	be	AUX
ftr-315	348	30	somewhat	somewhat	ADV
ftr-315	348	31	misaligned	misalign	VERB
ftr-315	348	32	;	;	PUNCT
ftr-315	348	33	generally	generally	ADV
ftr-315	348	34	,	,	PUNCT
ftr-315	348	35	an	an	DET
ftr-315	348	36	optionholder	optionholder	NOUN
ftr-315	348	37	,	,	PUNCT
ftr-315	348	38	even	even	ADV
ftr-315	348	39	an	an	DET
ftr-315	348	40	in	in	ADP
ftr-315	348	41	-	-	PUNCT
ftr-315	348	42	the	the	DET
ftr-315	348	43	-	-	PUNCT
ftr-315	348	44	money	money	NOUN
ftr-315	348	45	option	option	NOUN
ftr-315	348	46	-	-	PUNCT
ftr-315	348	47	holder	holder	NOUN
ftr-315	348	48	,	,	PUNCT
ftr-315	348	49	will	will	AUX
ftr-315	348	50	prefer	prefer	VERB
ftr-315	348	51	more	more	ADJ
ftr-315	348	52	risk	risk	NOUN
ftr-315	348	53	than	than	ADP
ftr-315	348	54	an	an	DET
ftr-315	348	55	equityholder	equityholder	NOUN
ftr-315	348	56	because	because	SCONJ
ftr-315	348	57	the	the	DET
ftr-315	348	58	option	option	NOUN
ftr-315	348	59	-	-	PUNCT
ftr-315	348	60	holder	holder	NOUN
ftr-315	348	61	has	have	VERB
ftr-315	348	62	similar	similar	ADJ
ftr-315	348	63	upside	upside	ADJ
ftr-315	348	64	potential	potential	NOUN
ftr-315	348	65	but	but	CCONJ
ftr-315	348	66	less	less	ADJ
ftr-315	348	67	downside	downside	ADJ
ftr-315	348	68	exposure	exposure	NOUN
ftr-315	348	69	.	.	PUNCT
ftr-315	349	1	as	as	SCONJ
ftr-315	349	2	the	the	DET
ftr-315	349	3	option	option	NOUN
ftr-315	349	4	becomes	become	VERB
ftr-315	349	5	more	more	ADV
ftr-315	349	6	and	and	CCONJ
ftr-315	349	7	more	more	ADJ
ftr-315	349	8	in	in	ADP
ftr-315	349	9	-	-	PUNCT
ftr-315	349	10	the	the	DET
ftr-315	349	11	-	-	PUNCT
ftr-315	349	12	money	money	NOUN
ftr-315	349	13	(	(	PUNCT
ftr-315	349	14	i.e.	i.e.	X
ftr-315	349	15	,	,	PUNCT
ftr-315	349	16	more	more	ADJ
ftr-315	349	17	equitylike	equitylike	NOUN
ftr-315	349	18	)	)	PUNCT
ftr-315	349	19	,	,	PUNCT
ftr-315	349	20	the	the	DET
ftr-315	349	21	option	option	NOUN
ftr-315	349	22	-	-	PUNCT
ftr-315	349	23	holder	holder	NOUN
ftr-315	349	24	’s	’s	PART
ftr-315	349	25	risk	risk	NOUN
ftr-315	349	26	preference	preference	NOUN
ftr-315	349	27	will	will	AUX
ftr-315	349	28	generally	generally	ADV
ftr-315	349	29	grow	grow	VERB
ftr-315	349	30	closer	close	ADV
ftr-315	349	31	and	and	CCONJ
ftr-315	349	32	closer	close	ADJ
ftr-315	349	33	to	to	ADP
ftr-315	349	34	the	the	DET
ftr-315	349	35	equity	equity	NOUN
ftr-315	349	36	-	-	PUNCT
ftr-315	349	37	holder	holder	NOUN
ftr-315	349	38	’s	’s	PART
ftr-315	349	39	risk	risk	NOUN
ftr-315	349	40	preferences	preference	NOUN
ftr-315	349	41	.	.	PUNCT
ftr-315	350	1	conversely	conversely	ADV
ftr-315	350	2	,	,	PUNCT
ftr-315	350	3	the	the	DET
ftr-315	350	4	more	more	ADV
ftr-315	350	5	out	out	ADJ
ftr-315	350	6	-	-	PUNCT
ftr-315	350	7	of	of	ADP
ftr-315	350	8	-	-	PUNCT
ftr-315	350	9	the	the	DET
ftr-315	350	10	-	-	PUNCT
ftr-315	350	11	money	money	NOUN
ftr-315	350	12	an	an	DET
ftr-315	350	13	option	option	NOUN
ftr-315	350	14	becomes	become	VERB
ftr-315	350	15	,	,	PUNCT
ftr-315	350	16	the	the	PRON
ftr-315	350	17	more	more	ADV
ftr-315	350	18	the	the	DET
ftr-315	350	19	option	option	NOUN
ftr-315	350	20	-	-	PUNCT
ftr-315	350	21	holder	holder	NOUN
ftr-315	350	22	’s	’s	PART
ftr-315	350	23	risk	risk	NOUN
ftr-315	350	24	preferences	preference	NOUN
ftr-315	350	25	will	will	AUX
ftr-315	350	26	diverge	diverge	VERB
ftr-315	350	27	from	from	ADP
ftr-315	350	28	the	the	DET
ftr-315	350	29	equityholder	equityholder	NOUN
ftr-315	350	30	’s	’s	PART
ftr-315	350	31	risk	risk	NOUN
ftr-315	350	32	preferences	preference	NOUN
ftr-315	350	33	.	.	PUNCT
ftr-315	351	1	given	give	VERB
ftr-315	351	2	this	this	DET
ftr-315	351	3	typical	typical	ADJ
ftr-315	351	4	option	option	NOUN
ftr-315	351	5	-	-	PUNCT
ftr-315	351	6	holder	holder	NOUN
ftr-315	351	7	/	/	SYM
ftr-315	351	8	equity	equity	NOUN
ftr-315	351	9	-	-	PUNCT
ftr-315	351	10	holder	holder	NOUN
ftr-315	351	11	relationship	relationship	NOUN
ftr-315	351	12	,	,	PUNCT
ftr-315	351	13	the	the	DET
ftr-315	351	14	point	point	NOUN
ftr-315	351	15	of	of	ADP
ftr-315	351	16	the	the	DET
ftr-315	351	17	example	example	NOUN
ftr-315	351	18	in	in	ADP
ftr-315	351	19	the	the	DET
ftr-315	351	20	text	text	NOUN
ftr-315	351	21	is	be	AUX
ftr-315	351	22	that	that	SCONJ
ftr-315	351	23	a	a	DET
ftr-315	351	24	fund	fund	NOUN
ftr-315	351	25	agreement	agreement	NOUN
ftr-315	351	26	that	that	PRON
ftr-315	351	27	provides	provide	VERB
ftr-315	351	28	for	for	ADP
ftr-315	351	29	a	a	DET
ftr-315	351	30	gp	gp	NOUN
ftr-315	351	31	carry	carry	VERB
ftr-315	351	32	without	without	ADP
ftr-315	351	33	a	a	DET
ftr-315	351	34	clawback	clawback	NOUN
ftr-315	351	35	exacerbates	exacerbate	VERB
ftr-315	351	36	the	the	DET
ftr-315	351	37	misalignment	misalignment	NOUN
ftr-315	351	38	of	of	ADP
ftr-315	351	39	risk	risk	NOUN
ftr-315	351	40	-	-	PUNCT
ftr-315	351	41	taking	take	VERB
ftr-315	351	42	preferences	preference	NOUN
ftr-315	351	43	.	.	PUNCT
ftr-315	352	1	61	61	NUM
ftr-315	352	2	.	.	PUNCT
ftr-315	353	1	note	note	VERB
ftr-315	353	2	that	that	SCONJ
ftr-315	353	3	a	a	DET
ftr-315	353	4	carry	carry	NOUN
ftr-315	353	5	that	that	PRON
ftr-315	353	6	is	be	AUX
ftr-315	353	7	out	out	ADV
ftr-315	353	8	-	-	PUNCT
ftr-315	353	9	of	of	ADP
ftr-315	353	10	-	-	PUNCT
ftr-315	353	11	the	the	DET
ftr-315	353	12	-	-	PUNCT
ftr-315	353	13	money	money	NOUN
ftr-315	353	14	may	may	AUX
ftr-315	353	15	be	be	AUX
ftr-315	353	16	useful	useful	ADJ
ftr-315	353	17	in	in	ADP
ftr-315	353	18	helping	help	VERB
ftr-315	353	19	to	to	PART
ftr-315	353	20	curtail	curtail	VERB
ftr-315	353	21	any	any	DET
ftr-315	353	22	incentive	incentive	NOUN
ftr-315	353	23	the	the	DET
ftr-315	353	24	gp	gp	NOUN
ftr-315	353	25	may	may	AUX
ftr-315	353	26	have	have	VERB
ftr-315	353	27	to	to	PART
ftr-315	353	28	take	take	VERB
ftr-315	353	29	too	too	ADV
ftr-315	353	30	little	little	ADJ
ftr-315	353	31	risk	risk	NOUN
ftr-315	353	32	.	.	PUNCT
ftr-315	354	1	this	this	DET
ftr-315	354	2	concept	concept	NOUN
ftr-315	354	3	is	be	AUX
ftr-315	354	4	built	build	VERB
ftr-315	354	5	into	into	ADP
ftr-315	354	6	fund	fund	NOUN
ftr-315	354	7	agreements	agreement	NOUN
ftr-315	354	8	where	where	SCONJ
ftr-315	354	9	the	the	DET
ftr-315	354	10	gp	gp	NOUN
ftr-315	354	11	is	be	AUX
ftr-315	354	12	only	only	ADV
ftr-315	354	13	entitled	entitle	VERB
ftr-315	354	14	to	to	ADP
ftr-315	354	15	a	a	DET
ftr-315	354	16	carry	carry	NOUN
ftr-315	354	17	after	after	SCONJ
ftr-315	354	18	a	a	DET
ftr-315	354	19	hurdle	hurdle	NOUN
ftr-315	354	20	rate	rate	NOUN
ftr-315	354	21	is	be	AUX
ftr-315	354	22	surmounted	surmount	VERB
ftr-315	354	23	or	or	CCONJ
ftr-315	354	24	preferred	preferred	ADJ
ftr-315	354	25	return	return	NOUN
ftr-315	354	26	is	be	AUX
ftr-315	354	27	paid	pay	VERB
ftr-315	354	28	.	.	PUNCT
ftr-315	355	1	see	see	VERB
ftr-315	355	2	fleischer	fleischer	NOUN
ftr-315	355	3	,	,	PUNCT
ftr-315	355	4	preferred	preferred	ADJ
ftr-315	355	5	return	return	NOUN
ftr-315	355	6	,	,	PUNCT
ftr-315	355	7	supra	supra	PROPN
ftr-315	355	8	note	note	NOUN
ftr-315	355	9	51	51	NUM
ftr-315	355	10	,	,	PUNCT
ftr-315	355	11	at	at	ADP
ftr-315	355	12	101–06	101–06	PROPN
ftr-315	355	13	.	.	PROPN
ftr-315	355	14	20	20	NUM
ftr-315	355	15	florida	florida	PROPN
ftr-315	355	16	tax	tax	NOUN
ftr-315	355	17	review	review	NOUN
ftr-315	356	1	[	[	X
ftr-315	356	2	vol.13:1	vol.13:1	ADJ
ftr-315	356	3	$	$	SYM
ftr-315	356	4	10	10	NUM
ftr-315	356	5	carry	carry	NOUN
ftr-315	356	6	to	to	PART
ftr-315	356	7	which	which	PRON
ftr-315	356	8	the	the	DET
ftr-315	356	9	gp	gp	NOUN
ftr-315	356	10	is	be	AUX
ftr-315	356	11	rightfully	rightfully	ADV
ftr-315	356	12	entitled).62	entitled).62	PROPN
ftr-315	356	13	sometimes	sometimes	ADV
ftr-315	356	14	,	,	PUNCT
ftr-315	356	15	the	the	DET
ftr-315	356	16	gp	gp	NOUN
ftr-315	356	17	’s	’s	PART
ftr-315	356	18	carry	carry	VERB
ftr-315	356	19	distribution	distribution	NOUN
ftr-315	356	20	is	be	AUX
ftr-315	356	21	placed	place	VERB
ftr-315	356	22	in	in	ADP
ftr-315	356	23	an	an	DET
ftr-315	356	24	escrow	escrow	NOUN
ftr-315	356	25	to	to	PART
ftr-315	356	26	ensure	ensure	VERB
ftr-315	356	27	that	that	SCONJ
ftr-315	356	28	the	the	DET
ftr-315	356	29	funds	fund	NOUN
ftr-315	356	30	will	will	AUX
ftr-315	356	31	be	be	AUX
ftr-315	356	32	readily	readily	ADV
ftr-315	356	33	available	available	ADJ
ftr-315	356	34	to	to	PART
ftr-315	356	35	fulfill	fulfill	VERB
ftr-315	356	36	any	any	DET
ftr-315	356	37	clawback	clawback	NOUN
ftr-315	356	38	obligation	obligation	NOUN
ftr-315	356	39	.	.	PUNCT
ftr-315	357	1	once	once	ADV
ftr-315	357	2	the	the	DET
ftr-315	357	3	$	$	SYM
ftr-315	357	4	20	20	NUM
ftr-315	357	5	has	have	AUX
ftr-315	357	6	been	be	AUX
ftr-315	357	7	“	"	PUNCT
ftr-315	357	8	clawed	claw	VERB
ftr-315	357	9	back	back	ADV
ftr-315	357	10	”	"	PUNCT
ftr-315	357	11	by	by	ADP
ftr-315	357	12	the	the	DET
ftr-315	357	13	fund	fund	NOUN
ftr-315	357	14	,	,	PUNCT
ftr-315	357	15	the	the	DET
ftr-315	357	16	$	$	SYM
ftr-315	357	17	20	20	NUM
ftr-315	357	18	can	can	AUX
ftr-315	357	19	be	be	AUX
ftr-315	357	20	distributed	distribute	VERB
ftr-315	357	21	to	to	ADP
ftr-315	357	22	the	the	DET
ftr-315	357	23	lps	lps	PROPN
ftr-315	357	24	.	.	PUNCT
ftr-315	358	1	as	as	ADP
ftr-315	358	2	a	a	DET
ftr-315	358	3	result	result	NOUN
ftr-315	358	4	,	,	PUNCT
ftr-315	358	5	the	the	DET
ftr-315	358	6	gp	gp	NOUN
ftr-315	358	7	will	will	AUX
ftr-315	358	8	have	have	AUX
ftr-315	358	9	received	receive	VERB
ftr-315	358	10	its	its	PRON
ftr-315	358	11	rightful	rightful	ADJ
ftr-315	358	12	20	20	NUM
ftr-315	358	13	percent	percent	NOUN
ftr-315	358	14	aggregate	aggregate	ADJ
ftr-315	358	15	carry	carry	NOUN
ftr-315	358	16	(	(	PUNCT
ftr-315	358	17	$	$	SYM
ftr-315	358	18	10	10	NUM
ftr-315	358	19	)	)	PUNCT
ftr-315	358	20	,	,	PUNCT
ftr-315	358	21	and	and	CCONJ
ftr-315	358	22	the	the	DET
ftr-315	358	23	lps	lps	PROPN
ftr-315	358	24	will	will	AUX
ftr-315	358	25	have	have	AUX
ftr-315	358	26	received	receive	VERB
ftr-315	358	27	a	a	DET
ftr-315	358	28	return	return	NOUN
ftr-315	358	29	of	of	ADP
ftr-315	358	30	their	their	PRON
ftr-315	358	31	capital	capital	NOUN
ftr-315	358	32	contributions	contribution	NOUN
ftr-315	358	33	(	(	PUNCT
ftr-315	358	34	$	$	SYM
ftr-315	358	35	1000	1000	NUM
ftr-315	358	36	)	)	PUNCT
ftr-315	358	37	and	and	CCONJ
ftr-315	358	38	their	their	PRON
ftr-315	358	39	rightful	rightful	ADJ
ftr-315	358	40	80	80	NUM
ftr-315	358	41	percent	percent	NOUN
ftr-315	358	42	share	share	NOUN
ftr-315	358	43	of	of	ADP
ftr-315	358	44	the	the	DET
ftr-315	358	45	fund	fund	NOUN
ftr-315	358	46	’s	’s	PART
ftr-315	358	47	net	net	ADJ
ftr-315	358	48	profit	profit	NOUN
ftr-315	358	49	(	(	PUNCT
ftr-315	358	50	$	$	SYM
ftr-315	358	51	40	40	NUM
ftr-315	358	52	)	)	PUNCT
ftr-315	358	53	.	.	PUNCT
ftr-315	359	1	thus	thus	ADV
ftr-315	359	2	,	,	PUNCT
ftr-315	359	3	the	the	DET
ftr-315	359	4	gp	gp	NOUN
ftr-315	359	5	and	and	CCONJ
ftr-315	359	6	the	the	DET
ftr-315	359	7	lps	lps	PROPN
ftr-315	359	8	end	end	VERB
ftr-315	359	9	up	up	ADP
ftr-315	359	10	with	with	ADP
ftr-315	359	11	net	net	ADJ
ftr-315	359	12	distributions	distribution	NOUN
ftr-315	359	13	that	that	PRON
ftr-315	359	14	reflect	reflect	VERB
ftr-315	359	15	the	the	DET
ftr-315	359	16	economic	economic	ADJ
ftr-315	359	17	deal	deal	NOUN
ftr-315	359	18	that	that	PRON
ftr-315	359	19	the	the	DET
ftr-315	359	20	parties	party	NOUN
ftr-315	359	21	originally	originally	ADV
ftr-315	359	22	intended.63	intended.63	VERB
ftr-315	359	23	further	far	ADV
ftr-315	359	24	,	,	PUNCT
ftr-315	359	25	with	with	ADP
ftr-315	359	26	the	the	DET
ftr-315	359	27	clawback	clawback	NOUN
ftr-315	359	28	,	,	PUNCT
ftr-315	359	29	the	the	DET
ftr-315	359	30	gp	gp	NOUN
ftr-315	359	31	has	have	VERB
ftr-315	359	32	much	much	ADV
ftr-315	359	33	less	less	ADJ
ftr-315	359	34	incentive	incentive	NOUN
ftr-315	359	35	to	to	PART
ftr-315	359	36	strategically	strategically	ADV
ftr-315	359	37	time	time	VERB
ftr-315	359	38	the	the	DET
ftr-315	359	39	fund	fund	NOUN
ftr-315	359	40	’s	’s	PART
ftr-315	359	41	exit	exit	NOUN
ftr-315	359	42	from	from	ADP
ftr-315	359	43	transactions	transaction	NOUN
ftr-315	359	44	depending	depend	VERB
ftr-315	359	45	on	on	ADP
ftr-315	359	46	whether	whether	SCONJ
ftr-315	359	47	they	they	PRON
ftr-315	359	48	are	be	AUX
ftr-315	359	49	profitable	profitable	ADJ
ftr-315	359	50	or	or	CCONJ
ftr-315	359	51	unprofitable.64	unprofitable.64	NOUN
ftr-315	359	52	this	this	PRON
ftr-315	359	53	is	be	AUX
ftr-315	359	54	because	because	SCONJ
ftr-315	359	55	excess	excess	ADJ
ftr-315	359	56	carry	carry	NOUN
ftr-315	359	57	distributed	distribute	VERB
ftr-315	359	58	62	62	NUM
ftr-315	359	59	.	.	PUNCT
ftr-315	360	1	technically	technically	ADV
ftr-315	360	2	,	,	PUNCT
ftr-315	360	3	the	the	DET
ftr-315	360	4	clawback	clawback	NOUN
ftr-315	360	5	operates	operate	VERB
ftr-315	360	6	as	as	ADP
ftr-315	360	7	a	a	DET
ftr-315	360	8	limited	limited	ADJ
ftr-315	360	9	deficit	deficit	NOUN
ftr-315	360	10	restoration	restoration	NOUN
ftr-315	360	11	obligation	obligation	NOUN
ftr-315	360	12	.	.	PUNCT
ftr-315	361	1	regs	regs	PROPN
ftr-315	361	2	.	.	PUNCT
ftr-315	362	1	§	§	PROPN
ftr-315	362	2	§	§	PROPN
ftr-315	362	3	1.704	1.704	NUM
ftr-315	362	4	-	-	NUM
ftr-315	362	5	1(b)(2)(ii)(c	1(b)(2)(ii)(c	NUM
ftr-315	362	6	)	)	PUNCT
ftr-315	362	7	,	,	PUNCT
ftr-315	362	8	-1(b)(2)(ii)(d	-1(b)(2)(ii)(d	PUNCT
ftr-315	362	9	)	)	PUNCT
ftr-315	362	10	.	.	PUNCT
ftr-315	363	1	thus	thus	ADV
ftr-315	363	2	,	,	PUNCT
ftr-315	363	3	when	when	SCONJ
ftr-315	363	4	the	the	DET
ftr-315	363	5	fund	fund	NOUN
ftr-315	363	6	has	have	VERB
ftr-315	363	7	a	a	DET
ftr-315	363	8	$	$	SYM
ftr-315	363	9	100	100	NUM
ftr-315	363	10	loss	loss	NOUN
ftr-315	363	11	in	in	ADP
ftr-315	363	12	year	year	NOUN
ftr-315	363	13	3	3	NUM
ftr-315	363	14	,	,	PUNCT
ftr-315	363	15	$	$	SYM
ftr-315	363	16	20	20	NUM
ftr-315	363	17	of	of	ADP
ftr-315	363	18	that	that	DET
ftr-315	363	19	loss	loss	NOUN
ftr-315	363	20	can	can	AUX
ftr-315	363	21	be	be	AUX
ftr-315	363	22	allocated	allocate	VERB
ftr-315	363	23	to	to	ADP
ftr-315	363	24	the	the	DET
ftr-315	363	25	gp	gp	NOUN
ftr-315	363	26	because	because	SCONJ
ftr-315	363	27	even	even	ADV
ftr-315	363	28	though	though	SCONJ
ftr-315	363	29	that	that	PRON
ftr-315	363	30	would	would	AUX
ftr-315	363	31	appear	appear	VERB
ftr-315	363	32	to	to	PART
ftr-315	363	33	create	create	VERB
ftr-315	363	34	a	a	DET
ftr-315	363	35	deficit	deficit	NOUN
ftr-315	363	36	in	in	ADP
ftr-315	363	37	the	the	DET
ftr-315	363	38	gp	gp	NOUN
ftr-315	363	39	’s	’s	PART
ftr-315	363	40	capital	capital	NOUN
ftr-315	363	41	account	account	PROPN
ftr-315	363	42	,	,	PUNCT
ftr-315	363	43	the	the	DET
ftr-315	363	44	limited	limited	ADJ
ftr-315	363	45	dro	dro	PROPN
ftr-315	363	46	would	would	AUX
ftr-315	363	47	erase	erase	VERB
ftr-315	363	48	that	that	DET
ftr-315	363	49	deficit	deficit	NOUN
ftr-315	363	50	.	.	PUNCT
ftr-315	364	1	as	as	ADP
ftr-315	364	2	a	a	DET
ftr-315	364	3	result	result	NOUN
ftr-315	364	4	,	,	PUNCT
ftr-315	364	5	the	the	DET
ftr-315	364	6	allocation	allocation	NOUN
ftr-315	364	7	of	of	ADP
ftr-315	364	8	the	the	DET
ftr-315	364	9	$	$	SYM
ftr-315	364	10	20	20	NUM
ftr-315	364	11	of	of	ADP
ftr-315	364	12	loss	loss	NOUN
ftr-315	364	13	to	to	ADP
ftr-315	364	14	the	the	DET
ftr-315	364	15	gp	gp	NOUN
ftr-315	364	16	will	will	AUX
ftr-315	364	17	have	have	VERB
ftr-315	364	18	substantial	substantial	ADJ
ftr-315	364	19	economic	economic	ADJ
ftr-315	364	20	effect	effect	NOUN
ftr-315	364	21	,	,	PUNCT
ftr-315	364	22	and	and	CCONJ
ftr-315	364	23	the	the	DET
ftr-315	364	24	gp	gp	NOUN
ftr-315	364	25	ends	end	VERB
ftr-315	364	26	up	up	ADP
ftr-315	364	27	bearing	bear	VERB
ftr-315	364	28	the	the	DET
ftr-315	364	29	economic	economic	ADJ
ftr-315	364	30	burden	burden	NOUN
ftr-315	364	31	of	of	ADP
ftr-315	364	32	that	that	DET
ftr-315	364	33	loss	loss	NOUN
ftr-315	364	34	.	.	PUNCT
ftr-315	365	1	compare	compare	VERB
ftr-315	365	2	this	this	DET
ftr-315	365	3	result	result	NOUN
ftr-315	365	4	to	to	ADP
ftr-315	365	5	the	the	DET
ftr-315	365	6	result	result	NOUN
ftr-315	365	7	,	,	PUNCT
ftr-315	365	8	explained	explain	VERB
ftr-315	365	9	supra	supra	PROPN
ftr-315	365	10	note	note	PROPN
ftr-315	365	11	44	44	NUM
ftr-315	365	12	,	,	PUNCT
ftr-315	365	13	in	in	ADP
ftr-315	365	14	the	the	DET
ftr-315	365	15	absence	absence	NOUN
ftr-315	365	16	of	of	ADP
ftr-315	365	17	a	a	DET
ftr-315	365	18	clawback	clawback	NOUN
ftr-315	365	19	.	.	PUNCT
ftr-315	366	1	again	again	ADV
ftr-315	366	2	,	,	PUNCT
ftr-315	366	3	this	this	DET
ftr-315	366	4	transfer	transfer	NOUN
ftr-315	366	5	of	of	ADP
ftr-315	366	6	$	$	SYM
ftr-315	366	7	20	20	NUM
ftr-315	366	8	could	could	AUX
ftr-315	366	9	be	be	AUX
ftr-315	366	10	conceived	conceive	VERB
ftr-315	366	11	of	of	ADP
ftr-315	366	12	,	,	PUNCT
ftr-315	366	13	alternatively	alternatively	ADV
ftr-315	366	14	,	,	PUNCT
ftr-315	366	15	as	as	ADP
ftr-315	366	16	a	a	DET
ftr-315	366	17	capital	capital	NOUN
ftr-315	366	18	shift	shift	NOUN
ftr-315	366	19	.	.	PUNCT
ftr-315	367	1	i	i	PRON
ftr-315	367	2	d.	d.	PROPN
ftr-315	367	3	however	however	ADV
ftr-315	367	4	,	,	PUNCT
ftr-315	367	5	i	i	PRON
ftr-315	367	6	think	think	VERB
ftr-315	367	7	that	that	SCONJ
ftr-315	367	8	the	the	DET
ftr-315	367	9	allocation	allocation	NOUN
ftr-315	367	10	concept	concept	NOUN
ftr-315	367	11	better	well	ADV
ftr-315	367	12	reflects	reflect	VERB
ftr-315	367	13	the	the	DET
ftr-315	367	14	economic	economic	ADJ
ftr-315	367	15	relationship	relationship	NOUN
ftr-315	367	16	created	create	VERB
ftr-315	367	17	by	by	ADP
ftr-315	367	18	the	the	DET
ftr-315	367	19	clawback	clawback	NOUN
ftr-315	367	20	,	,	PUNCT
ftr-315	367	21	particularly	particularly	ADV
ftr-315	367	22	if	if	SCONJ
ftr-315	367	23	and	and	CCONJ
ftr-315	367	24	as	as	SCONJ
ftr-315	367	25	losses	loss	NOUN
ftr-315	367	26	are	be	AUX
ftr-315	367	27	harvested	harvest	VERB
ftr-315	367	28	after	after	ADP
ftr-315	367	29	gains	gain	NOUN
ftr-315	367	30	but	but	CCONJ
ftr-315	367	31	before	before	ADP
ftr-315	367	32	the	the	DET
ftr-315	367	33	liquidation	liquidation	NOUN
ftr-315	367	34	of	of	ADP
ftr-315	367	35	the	the	DET
ftr-315	367	36	fund	fund	NOUN
ftr-315	367	37	,	,	PUNCT
ftr-315	367	38	and	and	CCONJ
ftr-315	367	39	particularly	particularly	ADV
ftr-315	367	40	if	if	SCONJ
ftr-315	367	41	the	the	DET
ftr-315	367	42	clawback	clawback	NOUN
ftr-315	367	43	provision	provision	NOUN
ftr-315	367	44	language	language	NOUN
ftr-315	367	45	specifically	specifically	ADV
ftr-315	367	46	states	state	VERB
ftr-315	367	47	that	that	SCONJ
ftr-315	367	48	the	the	DET
ftr-315	367	49	gp	gp	NOUN
ftr-315	367	50	fulfills	fulfill	VERB
ftr-315	367	51	the	the	DET
ftr-315	367	52	clawback	clawback	NOUN
ftr-315	367	53	by	by	ADP
ftr-315	367	54	contributing	contribute	VERB
ftr-315	367	55	to	to	ADP
ftr-315	367	56	the	the	DET
ftr-315	367	57	fund	fund	NOUN
ftr-315	367	58	.	.	PUNCT
ftr-315	368	1	see	see	VERB
ftr-315	368	2	needham	needham	PROPN
ftr-315	368	3	,	,	PUNCT
ftr-315	368	4	private	private	ADJ
ftr-315	368	5	equity	equity	NOUN
ftr-315	368	6	funds	fund	NOUN
ftr-315	368	7	,	,	PUNCT
ftr-315	368	8	supra	supra	PROPN
ftr-315	368	9	note	note	PROPN
ftr-315	368	10	17	17	NUM
ftr-315	368	11	,	,	PUNCT
ftr-315	368	12	at	at	ADP
ftr-315	368	13	worksheet	worksheet	NOUN
ftr-315	368	14	3	3	NUM
ftr-315	368	15	(	(	PUNCT
ftr-315	368	16	providing	provide	VERB
ftr-315	368	17	sample	sample	NOUN
ftr-315	368	18	clawback	clawback	NOUN
ftr-315	368	19	language	language	NOUN
ftr-315	368	20	that	that	PRON
ftr-315	368	21	requires	require	VERB
ftr-315	368	22	the	the	DET
ftr-315	368	23	gp	gp	NOUN
ftr-315	368	24	to	to	PART
ftr-315	368	25	fulfill	fulfill	VERB
ftr-315	368	26	the	the	DET
ftr-315	368	27	clawback	clawback	NOUN
ftr-315	368	28	by	by	ADP
ftr-315	368	29	making	make	VERB
ftr-315	368	30	a	a	DET
ftr-315	368	31	contribution	contribution	NOUN
ftr-315	368	32	to	to	ADP
ftr-315	368	33	the	the	DET
ftr-315	368	34	fund	fund	NOUN
ftr-315	368	35	)	)	PUNCT
ftr-315	368	36	.	.	PUNCT
ftr-315	369	1	63	63	NUM
ftr-315	369	2	.	.	PUNCT
ftr-315	370	1	note	note	VERB
ftr-315	370	2	that	that	SCONJ
ftr-315	370	3	the	the	DET
ftr-315	370	4	gp	gp	NOUN
ftr-315	370	5	should	should	AUX
ftr-315	370	6	be	be	AUX
ftr-315	370	7	entitled	entitle	VERB
ftr-315	370	8	to	to	ADP
ftr-315	370	9	a	a	DET
ftr-315	370	10	loss	loss	NOUN
ftr-315	370	11	when	when	SCONJ
ftr-315	370	12	it	it	PRON
ftr-315	370	13	fulfills	fulfill	VERB
ftr-315	370	14	its	its	PRON
ftr-315	370	15	clawback	clawback	NOUN
ftr-315	370	16	obligation	obligation	NOUN
ftr-315	370	17	and/or	and/or	CCONJ
ftr-315	370	18	the	the	DET
ftr-315	370	19	fund	fund	NOUN
ftr-315	370	20	liquidates	liquidate	NOUN
ftr-315	370	21	.	.	PUNCT
ftr-315	371	1	technically	technically	ADV
ftr-315	371	2	,	,	PUNCT
ftr-315	371	3	this	this	PRON
ftr-315	371	4	can	can	AUX
ftr-315	371	5	be	be	AUX
ftr-315	371	6	conceived	conceive	VERB
ftr-315	371	7	of	of	ADP
ftr-315	371	8	as	as	ADV
ftr-315	371	9	either	either	CCONJ
ftr-315	371	10	(	(	PUNCT
ftr-315	371	11	1	1	X
ftr-315	371	12	)	)	PUNCT
ftr-315	371	13	an	an	DET
ftr-315	371	14	allocation	allocation	NOUN
ftr-315	371	15	of	of	ADP
ftr-315	371	16	$	$	SYM
ftr-315	371	17	20	20	NUM
ftr-315	371	18	loss	loss	NOUN
ftr-315	371	19	to	to	ADP
ftr-315	371	20	the	the	DET
ftr-315	371	21	gp	gp	NOUN
ftr-315	371	22	,	,	PUNCT
ftr-315	371	23	which	which	PRON
ftr-315	371	24	is	be	AUX
ftr-315	371	25	supported	support	VERB
ftr-315	371	26	by	by	ADP
ftr-315	371	27	the	the	DET
ftr-315	371	28	limited	limited	ADJ
ftr-315	371	29	dro	dro	PROPN
ftr-315	371	30	reflected	reflect	VERB
ftr-315	371	31	in	in	ADP
ftr-315	371	32	the	the	DET
ftr-315	371	33	clawback	clawback	NOUN
ftr-315	371	34	(	(	PUNCT
ftr-315	371	35	possibly	possibly	ADV
ftr-315	371	36	at	at	ADP
ftr-315	371	37	liquidation	liquidation	NOUN
ftr-315	371	38	and	and	CCONJ
ftr-315	371	39	particularly	particularly	ADV
ftr-315	371	40	if	if	SCONJ
ftr-315	371	41	interim	interim	ADJ
ftr-315	371	42	clawbacks	clawback	NOUN
ftr-315	371	43	are	be	AUX
ftr-315	371	44	made	make	VERB
ftr-315	371	45	during	during	ADP
ftr-315	371	46	the	the	DET
ftr-315	371	47	life	life	NOUN
ftr-315	371	48	of	of	ADP
ftr-315	371	49	the	the	DET
ftr-315	371	50	fund	fund	NOUN
ftr-315	371	51	)	)	PUNCT
ftr-315	371	52	,	,	PUNCT
ftr-315	371	53	or	or	CCONJ
ftr-315	371	54	(	(	PUNCT
ftr-315	371	55	2	2	X
ftr-315	371	56	)	)	PUNCT
ftr-315	371	57	a	a	DET
ftr-315	371	58	recognition	recognition	NOUN
ftr-315	371	59	of	of	ADP
ftr-315	371	60	loss	loss	NOUN
ftr-315	371	61	upon	upon	SCONJ
ftr-315	371	62	the	the	DET
ftr-315	371	63	final	final	ADJ
ftr-315	371	64	liquidation	liquidation	NOUN
ftr-315	371	65	of	of	ADP
ftr-315	371	66	a	a	DET
ftr-315	371	67	partnership	partnership	NOUN
ftr-315	371	68	interest	interest	NOUN
ftr-315	371	69	(	(	PUNCT
ftr-315	371	70	where	where	SCONJ
ftr-315	371	71	the	the	DET
ftr-315	371	72	gp	gp	NOUN
ftr-315	371	73	contributes	contribute	VERB
ftr-315	371	74	the	the	DET
ftr-315	371	75	$	$	SYM
ftr-315	371	76	20	20	NUM
ftr-315	371	77	,	,	PUNCT
ftr-315	371	78	giving	give	VERB
ftr-315	371	79	the	the	DET
ftr-315	371	80	gp	gp	NOUN
ftr-315	371	81	a	a	DET
ftr-315	371	82	$	$	SYM
ftr-315	371	83	20	20	NUM
ftr-315	371	84	capital	capital	NOUN
ftr-315	371	85	account	account	NOUN
ftr-315	371	86	,	,	PUNCT
ftr-315	371	87	but	but	CCONJ
ftr-315	371	88	where	where	SCONJ
ftr-315	371	89	the	the	DET
ftr-315	371	90	$	$	SYM
ftr-315	371	91	20	20	NUM
ftr-315	371	92	is	be	AUX
ftr-315	371	93	actually	actually	ADV
ftr-315	371	94	distributed	distribute	VERB
ftr-315	371	95	to	to	ADP
ftr-315	371	96	the	the	DET
ftr-315	371	97	lps	lps	PROPN
ftr-315	371	98	)	)	PUNCT
ftr-315	371	99	.	.	PUNCT
ftr-315	372	1	i.r.c	i.r.c	NOUN
ftr-315	372	2	.	.	PUNCT
ftr-315	373	1	§	§	PROPN
ftr-315	373	2	704(b	704(b	PROPN
ftr-315	373	3	)	)	PUNCT
ftr-315	373	4	(	(	PUNCT
ftr-315	373	5	$	$	SYM
ftr-315	373	6	20	20	NUM
ftr-315	373	7	allocation	allocation	NOUN
ftr-315	373	8	of	of	ADP
ftr-315	373	9	loss	loss	NOUN
ftr-315	373	10	to	to	ADP
ftr-315	373	11	the	the	DET
ftr-315	373	12	gp	gp	NOUN
ftr-315	373	13	)	)	PUNCT
ftr-315	373	14	;	;	PUNCT
ftr-315	373	15	i.r.c	i.r.c	NOUN
ftr-315	373	16	.	.	PUNCT
ftr-315	374	1	§	§	PROPN
ftr-315	374	2	731(a)(2	731(a)(2	PROPN
ftr-315	374	3	)	)	PUNCT
ftr-315	374	4	(	(	PUNCT
ftr-315	374	5	recognition	recognition	NOUN
ftr-315	374	6	of	of	ADP
ftr-315	374	7	loss	loss	NOUN
ftr-315	374	8	upon	upon	SCONJ
ftr-315	374	9	liquidation	liquidation	NOUN
ftr-315	374	10	)	)	PUNCT
ftr-315	374	11	;	;	PUNCT
ftr-315	374	12	see	see	VERB
ftr-315	374	13	also	also	ADV
ftr-315	374	14	david	david	PROPN
ftr-315	374	15	j.	j.	PROPN
ftr-315	374	16	schwartz	schwartz	PROPN
ftr-315	374	17	,	,	PUNCT
ftr-315	374	18	raising	raise	VERB
ftr-315	374	19	a	a	DET
ftr-315	374	20	private	private	ADJ
ftr-315	374	21	equity	equity	NOUN
ftr-315	374	22	fund	fund	NOUN
ftr-315	374	23	—	—	PUNCT
ftr-315	374	24	economic	economic	ADJ
ftr-315	374	25	provisions	provision	NOUN
ftr-315	374	26	:	:	PUNCT
ftr-315	374	27	carried	carry	VERB
ftr-315	374	28	interest	interest	NOUN
ftr-315	374	29	,	,	PUNCT
ftr-315	374	30	clawback	clawback	NOUN
ftr-315	374	31	and	and	CCONJ
ftr-315	374	32	management	management	NOUN
ftr-315	374	33	fees	fee	NOUN
ftr-315	374	34	,	,	PUNCT
ftr-315	374	35	1824	1824	NUM
ftr-315	374	36	practising	practising	NOUN
ftr-315	374	37	law	law	NOUN
ftr-315	374	38	inst	inst	PROPN
ftr-315	374	39	.	.	PUNCT
ftr-315	374	40	corp	corp	PROPN
ftr-315	374	41	.	.	PROPN
ftr-315	374	42	law	law	PROPN
ftr-315	374	43	&	&	CCONJ
ftr-315	374	44	practice	practice	PROPN
ftr-315	374	45	course	course	NOUN
ftr-315	374	46	handbook	handbook	NOUN
ftr-315	374	47	series	series	PROPN
ftr-315	374	48	97	97	NUM
ftr-315	374	49	,	,	PUNCT
ftr-315	374	50	102–04	102–04	NUM
ftr-315	374	51	(	(	PUNCT
ftr-315	374	52	2010	2010	NUM
ftr-315	374	53	)	)	PUNCT
ftr-315	374	54	.	.	PUNCT
ftr-315	375	1	if	if	SCONJ
ftr-315	375	2	the	the	DET
ftr-315	375	3	gp	gp	NOUN
ftr-315	375	4	can	can	AUX
ftr-315	375	5	fully	fully	ADV
ftr-315	375	6	use	use	VERB
ftr-315	375	7	this	this	DET
ftr-315	375	8	loss	loss	NOUN
ftr-315	375	9	,	,	PUNCT
ftr-315	375	10	the	the	DET
ftr-315	375	11	loss	loss	NOUN
ftr-315	375	12	will	will	AUX
ftr-315	375	13	offset	offset	VERB
ftr-315	375	14	the	the	DET
ftr-315	375	15	excess	excess	ADJ
ftr-315	375	16	taxes	taxis	NOUN
ftr-315	375	17	previously	previously	ADV
ftr-315	375	18	paid	pay	VERB
ftr-315	375	19	by	by	ADP
ftr-315	375	20	the	the	DET
ftr-315	375	21	gp	gp	NOUN
ftr-315	375	22	on	on	ADP
ftr-315	375	23	the	the	DET
ftr-315	375	24	excess	excess	ADJ
ftr-315	375	25	carry	carry	NOUN
ftr-315	375	26	that	that	PRON
ftr-315	375	27	was	be	AUX
ftr-315	375	28	ultimately	ultimately	ADV
ftr-315	375	29	returned	return	VERB
ftr-315	375	30	.	.	PUNCT
ftr-315	376	1	64	64	NUM
ftr-315	376	2	.	.	PUNCT
ftr-315	377	1	the	the	DET
ftr-315	377	2	gp	gp	NOUN
ftr-315	377	3	may	may	AUX
ftr-315	377	4	have	have	VERB
ftr-315	377	5	other	other	ADJ
ftr-315	377	6	incentives	incentive	NOUN
ftr-315	377	7	to	to	PART
ftr-315	377	8	time	time	VERB
ftr-315	377	9	the	the	DET
ftr-315	377	10	exit	exit	NOUN
ftr-315	377	11	from	from	ADP
ftr-315	377	12	particular	particular	ADJ
ftr-315	377	13	transactions	transaction	NOUN
ftr-315	377	14	.	.	PUNCT
ftr-315	378	1	for	for	ADP
ftr-315	378	2	example	example	NOUN
ftr-315	378	3	,	,	PUNCT
ftr-315	378	4	accelerating	accelerate	VERB
ftr-315	378	5	the	the	DET
ftr-315	378	6	exit	exit	NOUN
ftr-315	378	7	from	from	ADP
ftr-315	378	8	profitable	profitable	ADJ
ftr-315	378	9	transactions	transaction	NOUN
ftr-315	378	10	could	could	AUX
ftr-315	378	11	make	make	VERB
ftr-315	378	12	the	the	DET
ftr-315	378	13	fund	fund	NOUN
ftr-315	378	14	look	look	VERB
ftr-315	378	15	quite	quite	ADV
ftr-315	378	16	profitable	profitable	ADJ
ftr-315	378	17	,	,	PUNCT
ftr-315	378	18	which	which	PRON
ftr-315	378	19	could	could	AUX
ftr-315	378	20	be	be	AUX
ftr-315	378	21	useful	useful	ADJ
ftr-315	378	22	to	to	ADP
ftr-315	378	23	the	the	DET
ftr-315	378	24	gp	gp	NOUN
ftr-315	378	25	if	if	SCONJ
ftr-315	378	26	the	the	DET
ftr-315	378	27	gp	gp	NOUN
ftr-315	378	28	is	be	AUX
ftr-315	378	29	trying	try	VERB
ftr-315	378	30	to	to	PART
ftr-315	378	31	raise	raise	VERB
ftr-315	378	32	a	a	DET
ftr-315	378	33	second	second	ADJ
ftr-315	378	34	fund	fund	NOUN
ftr-315	378	35	during	during	ADP
ftr-315	378	36	the	the	DET
ftr-315	378	37	life	life	NOUN
ftr-315	378	38	of	of	ADP
ftr-315	378	39	the	the	DET
ftr-315	378	40	first	first	ADJ
ftr-315	378	41	fund	fund	NOUN
ftr-315	378	42	.	.	PUNCT
ftr-315	379	1	also	also	ADV
ftr-315	379	2	,	,	PUNCT
ftr-315	379	3	the	the	DET
ftr-315	379	4	gp	gp	NOUN
ftr-315	379	5	may	may	AUX
ftr-315	379	6	still	still	ADV
ftr-315	379	7	have	have	VERB
ftr-315	379	8	a	a	DET
ftr-315	379	9	slight	slight	ADJ
ftr-315	379	10	incentive	incentive	NOUN
ftr-315	379	11	to	to	PART
ftr-315	379	12	accelerate	accelerate	VERB
ftr-315	379	13	the	the	DET
ftr-315	379	14	exit	exit	NOUN
ftr-315	379	15	from	from	ADP
ftr-315	379	16	profitable	profitable	ADJ
ftr-315	379	17	transactions	transaction	NOUN
ftr-315	379	18	and	and	CCONJ
ftr-315	379	19	delay	delay	VERB
ftr-315	379	20	2012	2012	NUM
ftr-315	379	21	]	]	PUNCT
ftr-315	379	22	“	"	PUNCT
ftr-315	379	23	carried	carry	VERB
ftr-315	379	24	interest	interest	NOUN
ftr-315	379	25	”	"	PUNCT
ftr-315	379	26	tax	tax	NOUN
ftr-315	379	27	proposals	proposal	NOUN
ftr-315	379	28	21	21	NUM
ftr-315	379	29	in	in	ADP
ftr-315	379	30	connection	connection	NOUN
ftr-315	379	31	with	with	ADP
ftr-315	379	32	early	early	ADJ
ftr-315	379	33	exit	exit	NOUN
ftr-315	379	34	from	from	ADP
ftr-315	379	35	a	a	DET
ftr-315	379	36	profitable	profitable	ADJ
ftr-315	379	37	transaction	transaction	NOUN
ftr-315	379	38	must	must	AUX
ftr-315	379	39	be	be	AUX
ftr-315	379	40	returned	return	VERB
ftr-315	379	41	,	,	PUNCT
ftr-315	379	42	in	in	ADP
ftr-315	379	43	whole	whole	ADJ
ftr-315	379	44	or	or	CCONJ
ftr-315	379	45	in	in	ADP
ftr-315	379	46	part	part	NOUN
ftr-315	379	47	,	,	PUNCT
ftr-315	379	48	to	to	ADP
ftr-315	379	49	the	the	DET
ftr-315	379	50	fund	fund	NOUN
ftr-315	379	51	if	if	SCONJ
ftr-315	379	52	later	later	ADV
ftr-315	379	53	transactions	transaction	NOUN
ftr-315	379	54	produce	produce	VERB
ftr-315	379	55	losses	loss	NOUN
ftr-315	379	56	.	.	PUNCT
ftr-315	380	1	additionally	additionally	ADV
ftr-315	380	2	,	,	PUNCT
ftr-315	380	3	while	while	SCONJ
ftr-315	380	4	the	the	DET
ftr-315	380	5	gp	gp	NOUN
ftr-315	380	6	’s	’s	PART
ftr-315	380	7	carried	carry	VERB
ftr-315	380	8	interest	interest	NOUN
ftr-315	380	9	is	be	AUX
ftr-315	380	10	still	still	ADV
ftr-315	380	11	equivalent	equivalent	ADJ
ftr-315	380	12	to	to	ADP
ftr-315	380	13	an	an	DET
ftr-315	380	14	option	option	NOUN
ftr-315	380	15	,	,	PUNCT
ftr-315	380	16	the	the	DET
ftr-315	380	17	addition	addition	NOUN
ftr-315	380	18	of	of	ADP
ftr-315	380	19	the	the	DET
ftr-315	380	20	clawback	clawback	NOUN
ftr-315	380	21	means	mean	VERB
ftr-315	380	22	that	that	SCONJ
ftr-315	380	23	the	the	DET
ftr-315	380	24	value	value	NOUN
ftr-315	380	25	of	of	ADP
ftr-315	380	26	the	the	DET
ftr-315	380	27	previously	previously	ADV
ftr-315	380	28	distributed	distribute	VERB
ftr-315	380	29	carry	carry	NOUN
ftr-315	380	30	must	must	AUX
ftr-315	380	31	be	be	AUX
ftr-315	380	32	taken	take	VERB
ftr-315	380	33	into	into	ADP
ftr-315	380	34	account	account	NOUN
ftr-315	380	35	when	when	SCONJ
ftr-315	380	36	analyzing	analyze	VERB
ftr-315	380	37	the	the	DET
ftr-315	380	38	gp	gp	NOUN
ftr-315	380	39	’s	’s	PART
ftr-315	380	40	incentives	incentive	NOUN
ftr-315	380	41	regarding	regard	VERB
ftr-315	380	42	future	future	ADJ
ftr-315	380	43	management	management	NOUN
ftr-315	380	44	decisions.65	decisions.65	PROPN
ftr-315	380	45	that	that	PRON
ftr-315	380	46	is	be	AUX
ftr-315	380	47	,	,	PUNCT
ftr-315	380	48	immediately	immediately	ADV
ftr-315	380	49	after	after	ADP
ftr-315	380	50	the	the	DET
ftr-315	380	51	distribution	distribution	NOUN
ftr-315	380	52	of	of	ADP
ftr-315	380	53	the	the	DET
ftr-315	380	54	$	$	SYM
ftr-315	380	55	30	30	NUM
ftr-315	380	56	carry	carry	NOUN
ftr-315	380	57	in	in	ADP
ftr-315	380	58	year	year	NOUN
ftr-315	380	59	2	2	NUM
ftr-315	380	60	,	,	PUNCT
ftr-315	380	61	the	the	DET
ftr-315	380	62	carry	carry	NOUN
ftr-315	380	63	’s	’s	X
ftr-315	380	64	in	in	ADP
ftr-315	380	65	-	-	PUNCT
ftr-315	380	66	the	the	DET
ftr-315	380	67	-	-	PUNCT
ftr-315	380	68	money	money	NOUN
ftr-315	380	69	status	status	NOUN
ftr-315	380	70	remains	remain	VERB
ftr-315	380	71	unchanged	unchanged	ADJ
ftr-315	380	72	.	.	PUNCT
ftr-315	381	1	thus	thus	ADV
ftr-315	381	2	,	,	PUNCT
ftr-315	381	3	in	in	ADP
ftr-315	381	4	the	the	DET
ftr-315	381	5	illustration	illustration	NOUN
ftr-315	381	6	provided	provide	VERB
ftr-315	381	7	above	above	ADV
ftr-315	381	8	,	,	PUNCT
ftr-315	381	9	the	the	DET
ftr-315	381	10	gp	gp	NOUN
ftr-315	381	11	’s	’s	PART
ftr-315	381	12	carry	carry	VERB
ftr-315	381	13	turns	turn	VERB
ftr-315	381	14	into	into	ADP
ftr-315	381	15	an	an	DET
ftr-315	381	16	at	at	ADP
ftr-315	381	17	-	-	PUNCT
ftr-315	381	18	the	the	DET
ftr-315	381	19	-	-	PUNCT
ftr-315	381	20	money	money	NOUN
ftr-315	381	21	option	option	NOUN
ftr-315	381	22	only	only	ADV
ftr-315	381	23	after	after	SCONJ
ftr-315	381	24	the	the	DET
ftr-315	381	25	clawback	clawback	NOUN
ftr-315	381	26	would	would	AUX
ftr-315	381	27	consume	consume	VERB
ftr-315	381	28	the	the	DET
ftr-315	381	29	entire	entire	ADJ
ftr-315	381	30	carry	carry	NOUN
ftr-315	381	31	previously	previously	ADV
ftr-315	381	32	distributed	distribute	VERB
ftr-315	381	33	to	to	ADP
ftr-315	381	34	the	the	DET
ftr-315	381	35	gp	gp	NOUN
ftr-315	381	36	(	(	PUNCT
ftr-315	381	37	i.e.	i.e.	X
ftr-315	381	38	,	,	PUNCT
ftr-315	381	39	until	until	SCONJ
ftr-315	381	40	asset	asset	NOUN
ftr-315	381	41	b	b	PROPN
ftr-315	381	42	declines	decline	VERB
ftr-315	381	43	in	in	ADP
ftr-315	381	44	value	value	NOUN
ftr-315	381	45	to	to	ADP
ftr-315	381	46	$	$	SYM
ftr-315	381	47	450	450	NUM
ftr-315	381	48	,	,	PUNCT
ftr-315	381	49	completely	completely	ADV
ftr-315	381	50	wiping	wipe	VERB
ftr-315	381	51	out	out	ADP
ftr-315	381	52	the	the	DET
ftr-315	381	53	fund	fund	NOUN
ftr-315	381	54	’s	’s	PART
ftr-315	381	55	profit	profit	NOUN
ftr-315	381	56	from	from	ADP
ftr-315	381	57	asset	asset	PROPN
ftr-315	381	58	a	a	PRON
ftr-315	381	59	)	)	PUNCT
ftr-315	381	60	,	,	PUNCT
ftr-315	381	61	and	and	CCONJ
ftr-315	381	62	the	the	DET
ftr-315	381	63	carry	carry	NOUN
ftr-315	381	64	turns	turn	VERB
ftr-315	381	65	into	into	ADP
ftr-315	381	66	an	an	DET
ftr-315	381	67	out	out	ADJ
ftr-315	381	68	-	-	PUNCT
ftr-315	381	69	of	of	ADP
ftr-315	381	70	-	-	PUNCT
ftr-315	381	71	the	the	DET
ftr-315	381	72	-	-	PUNCT
ftr-315	381	73	money	money	NOUN
ftr-315	381	74	option	option	NOUN
ftr-315	381	75	only	only	ADV
ftr-315	381	76	after	after	SCONJ
ftr-315	381	77	the	the	DET
ftr-315	381	78	value	value	NOUN
ftr-315	381	79	of	of	ADP
ftr-315	381	80	asset	asset	NOUN
ftr-315	381	81	b	b	PROPN
ftr-315	381	82	declines	decline	VERB
ftr-315	381	83	even	even	ADV
ftr-315	381	84	further	far	ADV
ftr-315	381	85	.	.	PUNCT
ftr-315	382	1	as	as	ADP
ftr-315	382	2	a	a	DET
ftr-315	382	3	result	result	NOUN
ftr-315	382	4	,	,	PUNCT
ftr-315	382	5	the	the	DET
ftr-315	382	6	addition	addition	NOUN
ftr-315	382	7	of	of	ADP
ftr-315	382	8	the	the	DET
ftr-315	382	9	clawback	clawback	NOUN
ftr-315	382	10	negates	negate	VERB
ftr-315	382	11	(	(	PUNCT
ftr-315	382	12	or	or	CCONJ
ftr-315	382	13	at	at	ADP
ftr-315	382	14	least	least	ADJ
ftr-315	382	15	mitigates	mitigate	NOUN
ftr-315	382	16	)	)	PUNCT
ftr-315	382	17	the	the	DET
ftr-315	382	18	increased	increase	VERB
ftr-315	382	19	incentive	incentive	NOUN
ftr-315	382	20	for	for	ADP
ftr-315	382	21	risk	risk	NOUN
ftr-315	382	22	-	-	PUNCT
ftr-315	382	23	taking	taking	NOUN
ftr-315	382	24	that	that	PRON
ftr-315	382	25	arises	arise	VERB
ftr-315	382	26	in	in	ADP
ftr-315	382	27	the	the	DET
ftr-315	382	28	absence	absence	NOUN
ftr-315	382	29	of	of	ADP
ftr-315	382	30	a	a	DET
ftr-315	382	31	clawback	clawback	NOUN
ftr-315	382	32	.	.	PUNCT
ftr-315	383	1	(	(	PUNCT
ftr-315	383	2	c	c	X
ftr-315	383	3	)	)	PUNCT
ftr-315	383	4	example	example	NOUN
ftr-315	383	5	#	#	SYM
ftr-315	383	6	3	3	NUM
ftr-315	383	7	—	—	PUNCT
ftr-315	383	8	how	how	SCONJ
ftr-315	383	9	do	do	AUX
ftr-315	383	10	taxes	taxis	NOUN
ftr-315	383	11	on	on	ADP
ftr-315	383	12	the	the	DET
ftr-315	383	13	carry	carry	NOUN
ftr-315	383	14	affect	affect	VERB
ftr-315	383	15	the	the	DET
ftr-315	383	16	operation	operation	NOUN
ftr-315	383	17	of	of	ADP
ftr-315	383	18	a	a	DET
ftr-315	383	19	clawback	clawback	NOUN
ftr-315	383	20	?	?	PUNCT
ftr-315	384	1	clawback	clawback	NOUN
ftr-315	384	2	provisions	provision	NOUN
ftr-315	384	3	are	be	AUX
ftr-315	384	4	often	often	ADV
ftr-315	384	5	limited	limit	VERB
ftr-315	384	6	to	to	ADP
ftr-315	384	7	the	the	DET
ftr-315	384	8	amount	amount	NOUN
ftr-315	384	9	of	of	ADP
ftr-315	384	10	the	the	DET
ftr-315	384	11	gp	gp	NOUN
ftr-315	384	12	’s	’s	PART
ftr-315	384	13	“	"	PUNCT
ftr-315	384	14	after	after	ADP
ftr-315	384	15	-	-	PUNCT
ftr-315	384	16	tax	tax	NOUN
ftr-315	384	17	carry	carry	NOUN
ftr-315	384	18	.	.	PUNCT
ftr-315	385	1	”66	”66	NOUN
ftr-315	385	2	that	that	PRON
ftr-315	385	3	is	be	AUX
ftr-315	385	4	,	,	PUNCT
ftr-315	385	5	the	the	DET
ftr-315	385	6	gp	gp	NOUN
ftr-315	385	7	can	can	AUX
ftr-315	385	8	only	only	ADV
ftr-315	385	9	be	be	AUX
ftr-315	385	10	asked	ask	VERB
ftr-315	385	11	to	to	PART
ftr-315	385	12	return	return	VERB
ftr-315	385	13	the	the	DET
ftr-315	385	14	amount	amount	NOUN
ftr-315	385	15	of	of	ADP
ftr-315	385	16	the	the	DET
ftr-315	385	17	carry	carry	NOUN
ftr-315	385	18	previously	previously	ADV
ftr-315	385	19	received	receive	VERB
ftr-315	385	20	,	,	PUNCT
ftr-315	385	21	reduced	reduce	VERB
ftr-315	385	22	by	by	ADP
ftr-315	385	23	the	the	DET
ftr-315	385	24	taxes	taxis	NOUN
ftr-315	385	25	paid	pay	VERB
ftr-315	385	26	(	(	PUNCT
ftr-315	385	27	or	or	CCONJ
ftr-315	385	28	assumed	assume	VERB
ftr-315	385	29	paid	pay	VERB
ftr-315	385	30	)	)	PUNCT
ftr-315	385	31	on	on	ADP
ftr-315	385	32	the	the	DET
ftr-315	385	33	gp	gp	NOUN
ftr-315	385	34	’s	’s	PART
ftr-315	385	35	carry.67	carry.67	NOUN
ftr-315	385	36	this	this	DET
ftr-315	385	37	cap	cap	NOUN
ftr-315	385	38	can	can	AUX
ftr-315	385	39	reduce	reduce	VERB
ftr-315	385	40	the	the	DET
ftr-315	385	41	beneficial	beneficial	ADJ
ftr-315	385	42	effects	effect	NOUN
ftr-315	385	43	of	of	ADP
ftr-315	385	44	a	a	DET
ftr-315	385	45	clawback	clawback	NOUN
ftr-315	385	46	that	that	PRON
ftr-315	385	47	were	be	AUX
ftr-315	385	48	described	describe	VERB
ftr-315	385	49	in	in	ADP
ftr-315	385	50	example	example	NOUN
ftr-315	385	51	#	#	SYM
ftr-315	385	52	2	2	NUM
ftr-315	385	53	.	.	PUNCT
ftr-315	386	1	consider	consider	VERB
ftr-315	386	2	again	again	ADV
ftr-315	386	3	example	example	NOUN
ftr-315	386	4	#	#	SYM
ftr-315	386	5	2	2	NUM
ftr-315	386	6	,	,	PUNCT
ftr-315	386	7	where	where	SCONJ
ftr-315	386	8	the	the	DET
ftr-315	386	9	gp	gp	NOUN
ftr-315	386	10	is	be	AUX
ftr-315	386	11	entitled	entitle	VERB
ftr-315	386	12	to	to	ADP
ftr-315	386	13	a	a	DET
ftr-315	386	14	20	20	NUM
ftr-315	386	15	percent	percent	NOUN
ftr-315	386	16	carry	carry	NOUN
ftr-315	386	17	(	(	PUNCT
ftr-315	386	18	calculated	calculate	VERB
ftr-315	386	19	on	on	ADP
ftr-315	386	20	an	an	DET
ftr-315	386	21	aggregate	aggregate	ADJ
ftr-315	386	22	basis	basis	NOUN
ftr-315	386	23	)	)	PUNCT
ftr-315	386	24	,	,	PUNCT
ftr-315	386	25	but	but	CCONJ
ftr-315	386	26	the	the	DET
ftr-315	386	27	carry	carry	NOUN
ftr-315	386	28	is	be	AUX
ftr-315	386	29	subject	subject	ADJ
ftr-315	386	30	to	to	ADP
ftr-315	386	31	a	a	DET
ftr-315	386	32	clawback	clawback	NOUN
ftr-315	386	33	.	.	PUNCT
ftr-315	387	1	recall	recall	VERB
ftr-315	387	2	that	that	PRON
ftr-315	387	3	,	,	PUNCT
ftr-315	387	4	in	in	ADP
ftr-315	387	5	example	example	NOUN
ftr-315	387	6	#	#	SYM
ftr-315	387	7	2	2	NUM
ftr-315	387	8	,	,	PUNCT
ftr-315	387	9	$	$	SYM
ftr-315	387	10	30	30	NUM
ftr-315	387	11	was	be	AUX
ftr-315	387	12	allocated	allocate	VERB
ftr-315	387	13	and	and	CCONJ
ftr-315	387	14	distributed	distribute	VERB
ftr-315	387	15	to	to	PART
ftr-315	387	16	gp	gp	NOUN
ftr-315	387	17	on	on	ADP
ftr-315	387	18	account	account	NOUN
ftr-315	387	19	of	of	ADP
ftr-315	387	20	the	the	DET
ftr-315	387	21	carry	carry	NOUN
ftr-315	387	22	in	in	ADP
ftr-315	387	23	year	year	NOUN
ftr-315	387	24	2	2	NUM
ftr-315	387	25	.	.	X
ftr-315	387	26	assume	assume	VERB
ftr-315	387	27	that	that	SCONJ
ftr-315	387	28	,	,	PUNCT
ftr-315	387	29	in	in	ADP
ftr-315	387	30	year	year	NOUN
ftr-315	387	31	2	2	NUM
ftr-315	387	32	,	,	PUNCT
ftr-315	387	33	the	the	DET
ftr-315	387	34	exit	exit	NOUN
ftr-315	387	35	from	from	ADP
ftr-315	387	36	unprofitable	unprofitable	ADJ
ftr-315	387	37	transactions	transaction	NOUN
ftr-315	387	38	because	because	SCONJ
ftr-315	387	39	the	the	DET
ftr-315	387	40	gp	gp	NOUN
ftr-315	387	41	could	could	AUX
ftr-315	387	42	benefit	benefit	VERB
ftr-315	387	43	from	from	ADP
ftr-315	387	44	the	the	DET
ftr-315	387	45	time	time	NOUN
ftr-315	387	46	value	value	NOUN
ftr-315	387	47	of	of	ADP
ftr-315	387	48	money	money	NOUN
ftr-315	387	49	on	on	ADP
ftr-315	387	50	the	the	DET
ftr-315	387	51	early	early	ADJ
ftr-315	387	52	over	over	NOUN
ftr-315	387	53	-	-	PUNCT
ftr-315	387	54	distributions	distribution	NOUN
ftr-315	387	55	of	of	ADP
ftr-315	387	56	carry	carry	NOUN
ftr-315	387	57	,	,	PUNCT
ftr-315	387	58	but	but	CCONJ
ftr-315	387	59	this	this	DET
ftr-315	387	60	incentive	incentive	NOUN
ftr-315	387	61	is	be	AUX
ftr-315	387	62	likely	likely	ADJ
ftr-315	387	63	to	to	PART
ftr-315	387	64	be	be	AUX
ftr-315	387	65	relatively	relatively	ADV
ftr-315	387	66	small	small	ADJ
ftr-315	387	67	.	.	PUNCT
ftr-315	388	1	see	see	VERB
ftr-315	388	2	also	also	ADV
ftr-315	388	3	gregg	gregg	PROPN
ftr-315	388	4	d.	d.	PROPN
ftr-315	388	5	polsky	polsky	PROPN
ftr-315	388	6	,	,	PUNCT
ftr-315	388	7	private	private	ADJ
ftr-315	388	8	equity	equity	NOUN
ftr-315	388	9	management	management	NOUN
ftr-315	388	10	fee	fee	NOUN
ftr-315	388	11	conversion	conversion	NOUN
ftr-315	388	12	,	,	PUNCT
ftr-315	388	13	122	122	NUM
ftr-315	388	14	tax	tax	NOUN
ftr-315	388	15	notes	note	NOUN
ftr-315	388	16	743	743	NUM
ftr-315	388	17	(	(	PUNCT
ftr-315	388	18	feb	feb	X
ftr-315	388	19	.	.	PROPN
ftr-315	388	20	9	9	NUM
ftr-315	388	21	,	,	PUNCT
ftr-315	388	22	2009	2009	NUM
ftr-315	388	23	)	)	PUNCT
ftr-315	388	24	(	(	PUNCT
ftr-315	388	25	discussing	discuss	VERB
ftr-315	388	26	how	how	SCONJ
ftr-315	388	27	fee	fee	NOUN
ftr-315	388	28	waivers	waiver	NOUN
ftr-315	388	29	can	can	AUX
ftr-315	388	30	create	create	VERB
ftr-315	388	31	incentives	incentive	NOUN
ftr-315	388	32	for	for	ADP
ftr-315	388	33	gps	gps	NOUN
ftr-315	388	34	to	to	ADP
ftr-315	388	35	time	time	NOUN
ftr-315	388	36	exits	exit	VERB
ftr-315	388	37	from	from	ADP
ftr-315	388	38	investments	investment	NOUN
ftr-315	388	39	)	)	PUNCT
ftr-315	388	40	.	.	PUNCT
ftr-315	389	1	65	65	NUM
ftr-315	389	2	.	.	PUNCT
ftr-315	390	1	this	this	PRON
ftr-315	390	2	is	be	AUX
ftr-315	390	3	because	because	SCONJ
ftr-315	390	4	the	the	DET
ftr-315	390	5	gp	gp	NOUN
ftr-315	390	6	’s	’s	PART
ftr-315	390	7	ability	ability	NOUN
ftr-315	390	8	to	to	PART
ftr-315	390	9	retain	retain	VERB
ftr-315	390	10	the	the	DET
ftr-315	390	11	$	$	SYM
ftr-315	390	12	30	30	NUM
ftr-315	390	13	carry	carry	NOUN
ftr-315	390	14	is	be	AUX
ftr-315	390	15	contingent	contingent	ADJ
ftr-315	390	16	on	on	ADP
ftr-315	390	17	the	the	DET
ftr-315	390	18	total	total	ADJ
ftr-315	390	19	performance	performance	NOUN
ftr-315	390	20	of	of	ADP
ftr-315	390	21	the	the	DET
ftr-315	390	22	fund	fund	NOUN
ftr-315	390	23	.	.	PUNCT
ftr-315	391	1	66	66	NUM
ftr-315	391	2	.	.	PUNCT
ftr-315	392	1	see	see	VERB
ftr-315	392	2	needham	needham	PROPN
ftr-315	392	3	,	,	PUNCT
ftr-315	392	4	private	private	ADJ
ftr-315	392	5	equity	equity	NOUN
ftr-315	392	6	funds	fund	NOUN
ftr-315	392	7	,	,	PUNCT
ftr-315	392	8	supra	supra	PROPN
ftr-315	392	9	note	note	PROPN
ftr-315	392	10	17	17	NUM
ftr-315	392	11	,	,	PUNCT
ftr-315	392	12	at	at	ADP
ftr-315	392	13	iii.b.4	iii.b.4	PROPN
ftr-315	392	14	;	;	PUNCT
ftr-315	392	15	alan	alan	PROPN
ftr-315	392	16	j.	j.	PROPN
ftr-315	392	17	pomerantz	pomerantz	PROPN
ftr-315	392	18	,	,	PUNCT
ftr-315	392	19	example	example	NOUN
ftr-315	392	20	of	of	ADP
ftr-315	392	21	distribution	distribution	NOUN
ftr-315	392	22	/	/	SYM
ftr-315	392	23	clawback	clawback	NOUN
ftr-315	392	24	provisions	provision	NOUN
ftr-315	392	25	,	,	PUNCT
ftr-315	392	26	541	541	NUM
ftr-315	392	27	practising	practise	VERB
ftr-315	392	28	law	law	NOUN
ftr-315	392	29	inst	inst	NOUN
ftr-315	392	30	.	.	PUNCT
ftr-315	392	31	real	real	ADJ
ftr-315	392	32	est	est	X
ftr-315	392	33	.	.	PUNCT
ftr-315	393	1	law	law	NOUN
ftr-315	393	2	and	and	CCONJ
ftr-315	393	3	practice	practice	NOUN
ftr-315	393	4	course	course	NOUN
ftr-315	393	5	handbook	handbook	NOUN
ftr-315	393	6	series	series	NOUN
ftr-315	393	7	191	191	NUM
ftr-315	393	8	(	(	PUNCT
ftr-315	393	9	2007	2007	NUM
ftr-315	393	10	)	)	PUNCT
ftr-315	393	11	(	(	PUNCT
ftr-315	393	12	providing	provide	VERB
ftr-315	393	13	a	a	DET
ftr-315	393	14	very	very	ADV
ftr-315	393	15	nice	nice	ADJ
ftr-315	393	16	example	example	NOUN
ftr-315	393	17	of	of	ADP
ftr-315	393	18	the	the	DET
ftr-315	393	19	operation	operation	NOUN
ftr-315	393	20	of	of	ADP
ftr-315	393	21	a	a	DET
ftr-315	393	22	clawback	clawback	NOUN
ftr-315	393	23	that	that	PRON
ftr-315	393	24	is	be	AUX
ftr-315	393	25	capped	cap	VERB
ftr-315	393	26	at	at	ADP
ftr-315	393	27	the	the	DET
ftr-315	393	28	after	after	ADP
ftr-315	393	29	-	-	PUNCT
ftr-315	393	30	tax	tax	NOUN
ftr-315	393	31	carry	carry	NOUN
ftr-315	393	32	)	)	PUNCT
ftr-315	393	33	.	.	PUNCT
ftr-315	394	1	67	67	NUM
ftr-315	394	2	.	.	PUNCT
ftr-315	395	1	this	this	PRON
ftr-315	395	2	is	be	AUX
ftr-315	395	3	generally	generally	ADV
ftr-315	395	4	the	the	DET
ftr-315	395	5	case	case	NOUN
ftr-315	395	6	even	even	ADV
ftr-315	395	7	if	if	SCONJ
ftr-315	395	8	the	the	DET
ftr-315	395	9	gp	gp	NOUN
ftr-315	395	10	’s	’s	PART
ftr-315	395	11	carry	carry	NOUN
ftr-315	395	12	distributions	distribution	NOUN
ftr-315	395	13	are	be	AUX
ftr-315	395	14	escrowed	escrowe	VERB
ftr-315	395	15	.	.	PUNCT
ftr-315	396	1	typically	typically	ADV
ftr-315	396	2	,	,	PUNCT
ftr-315	396	3	even	even	ADV
ftr-315	396	4	when	when	SCONJ
ftr-315	396	5	there	there	PRON
ftr-315	396	6	is	be	VERB
ftr-315	396	7	an	an	DET
ftr-315	396	8	escrow	escrow	NOUN
ftr-315	396	9	of	of	ADP
ftr-315	396	10	the	the	DET
ftr-315	396	11	gp	gp	NOUN
ftr-315	396	12	’s	’s	PART
ftr-315	396	13	carry	carry	NOUN
ftr-315	396	14	,	,	PUNCT
ftr-315	396	15	a	a	DET
ftr-315	396	16	portion	portion	NOUN
ftr-315	396	17	of	of	ADP
ftr-315	396	18	the	the	DET
ftr-315	396	19	escrowed	escrowe	VERB
ftr-315	396	20	funds	fund	NOUN
ftr-315	396	21	are	be	AUX
ftr-315	396	22	distributed	distribute	VERB
ftr-315	396	23	out	out	ADP
ftr-315	396	24	to	to	ADP
ftr-315	396	25	the	the	DET
ftr-315	396	26	gp	gp	NOUN
ftr-315	396	27	in	in	ADP
ftr-315	396	28	an	an	DET
ftr-315	396	29	amount	amount	NOUN
ftr-315	396	30	sufficient	sufficient	ADJ
ftr-315	396	31	to	to	PART
ftr-315	396	32	allow	allow	VERB
ftr-315	396	33	the	the	DET
ftr-315	396	34	gp	gp	NOUN
ftr-315	396	35	to	to	PART
ftr-315	396	36	pay	pay	VERB
ftr-315	396	37	the	the	DET
ftr-315	396	38	taxes	taxis	NOUN
ftr-315	396	39	on	on	ADP
ftr-315	396	40	the	the	DET
ftr-315	396	41	carry	carry	NOUN
ftr-315	396	42	.	.	PUNCT
ftr-315	397	1	as	as	ADP
ftr-315	397	2	a	a	DET
ftr-315	397	3	result	result	NOUN
ftr-315	397	4	,	,	PUNCT
ftr-315	397	5	the	the	DET
ftr-315	397	6	carry	carry	NOUN
ftr-315	397	7	escrow	escrow	NOUN
ftr-315	397	8	will	will	AUX
ftr-315	397	9	often	often	ADV
ftr-315	397	10	only	only	ADV
ftr-315	397	11	contain	contain	VERB
ftr-315	397	12	the	the	DET
ftr-315	397	13	“	"	PUNCT
ftr-315	397	14	after	after	ADP
ftr-315	397	15	tax	tax	NOUN
ftr-315	397	16	”	"	PUNCT
ftr-315	397	17	carry	carry	NOUN
ftr-315	397	18	.	.	PUNCT
ftr-315	398	1	22	22	NUM
ftr-315	398	2	florida	florida	PROPN
ftr-315	398	3	tax	tax	NOUN
ftr-315	398	4	review	review	NOUN
ftr-315	399	1	[	[	X
ftr-315	399	2	vol.13:1	vol.13:1	ADJ
ftr-315	399	3	gp	gp	NOUN
ftr-315	399	4	paid	pay	VERB
ftr-315	399	5	(	(	PUNCT
ftr-315	399	6	or	or	CCONJ
ftr-315	399	7	is	be	AUX
ftr-315	399	8	assumed	assume	VERB
ftr-315	399	9	to	to	PART
ftr-315	399	10	pay	pay	VERB
ftr-315	399	11	)	)	PUNCT
ftr-315	399	12	$	$	SYM
ftr-315	399	13	4.50	4.50	NUM
ftr-315	399	14	of	of	ADP
ftr-315	399	15	tax	tax	NOUN
ftr-315	399	16	on	on	ADP
ftr-315	399	17	the	the	DET
ftr-315	399	18	carry	carry	NOUN
ftr-315	399	19	(	(	PUNCT
ftr-315	399	20	15	15	NUM
ftr-315	399	21	percent	percent	NOUN
ftr-315	399	22	tax	tax	NOUN
ftr-315	399	23	on	on	ADP
ftr-315	399	24	$	$	SYM
ftr-315	399	25	30	30	NUM
ftr-315	399	26	)	)	PUNCT
ftr-315	399	27	.	.	PUNCT
ftr-315	400	1	if	if	SCONJ
ftr-315	400	2	the	the	DET
ftr-315	400	3	amount	amount	NOUN
ftr-315	400	4	of	of	ADP
ftr-315	400	5	any	any	DET
ftr-315	400	6	clawback	clawback	NOUN
ftr-315	400	7	is	be	AUX
ftr-315	400	8	capped	cap	VERB
ftr-315	400	9	at	at	ADP
ftr-315	400	10	the	the	DET
ftr-315	400	11	gp	gp	NOUN
ftr-315	400	12	’s	’s	PART
ftr-315	400	13	after	after	ADP
ftr-315	400	14	-	-	PUNCT
ftr-315	400	15	tax	tax	NOUN
ftr-315	400	16	carry,68	carry,68	NOUN
ftr-315	400	17	the	the	DET
ftr-315	400	18	most	most	ADJ
ftr-315	400	19	that	that	PRON
ftr-315	400	20	could	could	AUX
ftr-315	400	21	be	be	AUX
ftr-315	400	22	clawed	claw	VERB
ftr-315	400	23	back	back	ADV
ftr-315	400	24	from	from	ADP
ftr-315	400	25	the	the	DET
ftr-315	400	26	gp	gp	NOUN
ftr-315	400	27	is	be	AUX
ftr-315	400	28	$	$	SYM
ftr-315	400	29	25.50	25.50	NUM
ftr-315	400	30	(	(	PUNCT
ftr-315	400	31	$	$	SYM
ftr-315	400	32	30	30	NUM
ftr-315	400	33	$	$	SYM
ftr-315	400	34	4.50	4.50	NUM
ftr-315	400	35	)	)	PUNCT
ftr-315	400	36	.	.	PUNCT
ftr-315	401	1	if	if	SCONJ
ftr-315	401	2	the	the	DET
ftr-315	401	3	clawback	clawback	NOUN
ftr-315	401	4	obligation	obligation	NOUN
ftr-315	401	5	is	be	AUX
ftr-315	401	6	$	$	SYM
ftr-315	401	7	20	20	NUM
ftr-315	401	8	(	(	PUNCT
ftr-315	401	9	as	as	SCONJ
ftr-315	401	10	it	it	PRON
ftr-315	401	11	was	be	AUX
ftr-315	401	12	in	in	ADP
ftr-315	401	13	example	example	NOUN
ftr-315	401	14	#	#	SYM
ftr-315	401	15	2	2	NUM
ftr-315	401	16	)	)	PUNCT
ftr-315	401	17	,	,	PUNCT
ftr-315	401	18	the	the	DET
ftr-315	401	19	clawback	clawback	NOUN
ftr-315	401	20	works	work	VERB
ftr-315	401	21	to	to	PART
ftr-315	401	22	provide	provide	VERB
ftr-315	401	23	the	the	DET
ftr-315	401	24	parties	party	NOUN
ftr-315	401	25	with	with	ADP
ftr-315	401	26	the	the	DET
ftr-315	401	27	economics	economic	NOUN
ftr-315	401	28	to	to	PART
ftr-315	401	29	which	which	PRON
ftr-315	401	30	they	they	PRON
ftr-315	401	31	originally	originally	ADV
ftr-315	401	32	agreed	agree	VERB
ftr-315	401	33	.	.	PUNCT
ftr-315	402	1	the	the	DET
ftr-315	402	2	cap	cap	NOUN
ftr-315	402	3	presents	present	VERB
ftr-315	402	4	no	no	DET
ftr-315	402	5	problem	problem	NOUN
ftr-315	402	6	.	.	PUNCT
ftr-315	403	1	(	(	PUNCT
ftr-315	403	2	1	1	X
ftr-315	403	3	)	)	PUNCT
ftr-315	403	4	loss	loss	NOUN
ftr-315	403	5	-	-	PUNCT
ftr-315	403	6	shifting	shift	VERB
ftr-315	403	7	if	if	SCONJ
ftr-315	403	8	,	,	PUNCT
ftr-315	403	9	however	however	ADV
ftr-315	403	10	,	,	PUNCT
ftr-315	403	11	the	the	DET
ftr-315	403	12	fund	fund	NOUN
ftr-315	403	13	only	only	ADV
ftr-315	403	14	earned	earn	VERB
ftr-315	403	15	an	an	DET
ftr-315	403	16	aggregate	aggregate	ADJ
ftr-315	403	17	profit	profit	NOUN
ftr-315	403	18	of	of	ADP
ftr-315	403	19	$	$	SYM
ftr-315	403	20	10	10	NUM
ftr-315	403	21	(	(	PUNCT
ftr-315	403	22	i.e.	i.e.	X
ftr-315	403	23	,	,	PUNCT
ftr-315	403	24	the	the	DET
ftr-315	403	25	fund	fund	NOUN
ftr-315	403	26	sold	sell	VERB
ftr-315	403	27	asset	asset	NOUN
ftr-315	403	28	b	b	PROPN
ftr-315	403	29	at	at	ADP
ftr-315	403	30	$	$	SYM
ftr-315	403	31	460	460	NUM
ftr-315	403	32	,	,	PUNCT
ftr-315	403	33	producing	produce	VERB
ftr-315	403	34	a	a	DET
ftr-315	403	35	loss	loss	NOUN
ftr-315	403	36	of	of	ADP
ftr-315	403	37	$	$	SYM
ftr-315	403	38	140	140	NUM
ftr-315	403	39	,	,	PUNCT
ftr-315	403	40	wiping	wipe	VERB
ftr-315	403	41	out	out	ADP
ftr-315	403	42	all	all	PRON
ftr-315	403	43	but	but	CCONJ
ftr-315	403	44	$	$	SYM
ftr-315	403	45	10	10	NUM
ftr-315	403	46	of	of	ADP
ftr-315	403	47	the	the	DET
ftr-315	403	48	$	$	SYM
ftr-315	403	49	150	150	NUM
ftr-315	403	50	gain	gain	NOUN
ftr-315	403	51	from	from	ADP
ftr-315	403	52	asset	asset	NOUN
ftr-315	403	53	a	a	PRON
ftr-315	403	54	)	)	PUNCT
ftr-315	403	55	,	,	PUNCT
ftr-315	403	56	the	the	DET
ftr-315	403	57	gp	gp	NOUN
ftr-315	403	58	would	would	AUX
ftr-315	403	59	only	only	ADV
ftr-315	403	60	be	be	AUX
ftr-315	403	61	entitled	entitle	VERB
ftr-315	403	62	to	to	ADP
ftr-315	403	63	a	a	DET
ftr-315	403	64	$	$	SYM
ftr-315	403	65	2	2	NUM
ftr-315	403	66	carry	carry	NOUN
ftr-315	403	67	(	(	PUNCT
ftr-315	403	68	20	20	NUM
ftr-315	403	69	percent	percent	NOUN
ftr-315	403	70	of	of	ADP
ftr-315	403	71	the	the	DET
ftr-315	403	72	$	$	SYM
ftr-315	403	73	10	10	NUM
ftr-315	403	74	aggregate	aggregate	ADJ
ftr-315	403	75	profit	profit	NOUN
ftr-315	403	76	)	)	PUNCT
ftr-315	403	77	.	.	PUNCT
ftr-315	404	1	thus	thus	ADV
ftr-315	404	2	,	,	PUNCT
ftr-315	404	3	a	a	DET
ftr-315	404	4	full	full	ADJ
ftr-315	404	5	clawback	clawback	NOUN
ftr-315	404	6	would	would	AUX
ftr-315	404	7	require	require	VERB
ftr-315	404	8	the	the	DET
ftr-315	404	9	gp	gp	NOUN
ftr-315	404	10	to	to	PART
ftr-315	404	11	return	return	VERB
ftr-315	404	12	$	$	SYM
ftr-315	404	13	28	28	NUM
ftr-315	404	14	(	(	PUNCT
ftr-315	404	15	the	the	DET
ftr-315	404	16	$	$	SYM
ftr-315	404	17	30	30	NUM
ftr-315	404	18	carry	carry	NOUN
ftr-315	404	19	received	receive	VERB
ftr-315	404	20	in	in	ADP
ftr-315	404	21	year	year	NOUN
ftr-315	404	22	2	2	NUM
ftr-315	404	23	less	less	ADJ
ftr-315	404	24	the	the	DET
ftr-315	404	25	$	$	SYM
ftr-315	404	26	2	2	NUM
ftr-315	404	27	carry	carry	NOUN
ftr-315	404	28	to	to	PART
ftr-315	404	29	which	which	PRON
ftr-315	404	30	the	the	DET
ftr-315	404	31	gp	gp	NOUN
ftr-315	404	32	is	be	AUX
ftr-315	404	33	rightfully	rightfully	ADV
ftr-315	404	34	entitled	entitle	VERB
ftr-315	404	35	)	)	PUNCT
ftr-315	404	36	.	.	PUNCT
ftr-315	405	1	but	but	CCONJ
ftr-315	405	2	,	,	PUNCT
ftr-315	405	3	if	if	SCONJ
ftr-315	405	4	the	the	DET
ftr-315	405	5	clawback	clawback	NOUN
ftr-315	405	6	is	be	AUX
ftr-315	405	7	capped	cap	VERB
ftr-315	405	8	at	at	ADP
ftr-315	405	9	the	the	DET
ftr-315	405	10	amount	amount	NOUN
ftr-315	405	11	of	of	ADP
ftr-315	405	12	the	the	DET
ftr-315	405	13	gp	gp	NOUN
ftr-315	405	14	’s	’s	PART
ftr-315	405	15	after	after	ADP
ftr-315	405	16	-	-	PUNCT
ftr-315	405	17	tax	tax	NOUN
ftr-315	405	18	carry	carry	NOUN
ftr-315	405	19	(	(	PUNCT
ftr-315	405	20	$	$	SYM
ftr-315	405	21	25.50	25.50	NUM
ftr-315	405	22	)	)	PUNCT
ftr-315	405	23	,	,	PUNCT
ftr-315	405	24	the	the	DET
ftr-315	405	25	gp	gp	NOUN
ftr-315	405	26	is	be	AUX
ftr-315	405	27	not	not	PART
ftr-315	405	28	obligated	obligate	VERB
ftr-315	405	29	to	to	PART
ftr-315	405	30	return	return	VERB
ftr-315	405	31	the	the	DET
ftr-315	405	32	full	full	ADJ
ftr-315	405	33	$	$	SYM
ftr-315	405	34	28	28	NUM
ftr-315	405	35	of	of	ADP
ftr-315	405	36	over	over	ADV
ftr-315	405	37	-	-	PUNCT
ftr-315	405	38	distributed	distribute	VERB
ftr-315	405	39	carry	carry	NOUN
ftr-315	405	40	.	.	PUNCT
ftr-315	406	1	thus	thus	ADV
ftr-315	406	2	,	,	PUNCT
ftr-315	406	3	the	the	DET
ftr-315	406	4	lps	lps	PROPN
ftr-315	406	5	can	can	AUX
ftr-315	406	6	only	only	ADV
ftr-315	406	7	receive	receive	VERB
ftr-315	406	8	a	a	DET
ftr-315	406	9	total	total	ADJ
ftr-315	406	10	distribution	distribution	NOUN
ftr-315	406	11	from	from	ADP
ftr-315	406	12	the	the	DET
ftr-315	406	13	fund	fund	NOUN
ftr-315	406	14	of	of	ADP
ftr-315	406	15	$	$	SYM
ftr-315	406	16	1005.50	1005.50	NUM
ftr-315	406	17	(	(	PUNCT
ftr-315	406	18	$	$	SYM
ftr-315	406	19	520	520	NUM
ftr-315	406	20	distributed	distribute	VERB
ftr-315	406	21	in	in	ADP
ftr-315	406	22	year	year	NOUN
ftr-315	406	23	2	2	NUM
ftr-315	406	24	+	+	CCONJ
ftr-315	406	25	$	$	SYM
ftr-315	406	26	460	460	NUM
ftr-315	406	27	proceeds	proceed	NOUN
ftr-315	406	28	from	from	ADP
ftr-315	406	29	the	the	DET
ftr-315	406	30	sale	sale	NOUN
ftr-315	406	31	of	of	ADP
ftr-315	406	32	asset	asset	NOUN
ftr-315	406	33	b	b	PROPN
ftr-315	406	34	+	+	CCONJ
ftr-315	406	35	$	$	SYM
ftr-315	406	36	25.50	25.50	NUM
ftr-315	406	37	clawback	clawback	NOUN
ftr-315	406	38	from	from	ADP
ftr-315	406	39	the	the	DET
ftr-315	406	40	gp	gp	NOUN
ftr-315	406	41	)	)	PUNCT
ftr-315	406	42	,	,	PUNCT
ftr-315	406	43	instead	instead	ADV
ftr-315	406	44	of	of	ADP
ftr-315	406	45	the	the	DET
ftr-315	406	46	$	$	SYM
ftr-315	406	47	1008	1008	NUM
ftr-315	406	48	rightfully	rightfully	ADV
ftr-315	406	49	owed	owe	VERB
ftr-315	406	50	to	to	ADP
ftr-315	406	51	the	the	DET
ftr-315	406	52	lps	lps	PROPN
ftr-315	406	53	(	(	PUNCT
ftr-315	406	54	$	$	SYM
ftr-315	406	55	1000	1000	NUM
ftr-315	406	56	return	return	NOUN
ftr-315	406	57	of	of	ADP
ftr-315	406	58	capital	capital	NOUN
ftr-315	406	59	+	+	CCONJ
ftr-315	406	60	80	80	NUM
ftr-315	406	61	percent	percent	NOUN
ftr-315	406	62	of	of	ADP
ftr-315	406	63	the	the	DET
ftr-315	406	64	$	$	SYM
ftr-315	406	65	10	10	NUM
ftr-315	406	66	net	net	ADJ
ftr-315	406	67	profit	profit	NOUN
ftr-315	406	68	)	)	PUNCT
ftr-315	406	69	.	.	PUNCT
ftr-315	407	1	that	that	PRON
ftr-315	407	2	is	be	AUX
ftr-315	407	3	,	,	PUNCT
ftr-315	407	4	the	the	DET
ftr-315	407	5	“	"	PUNCT
ftr-315	407	6	after	after	ADP
ftr-315	407	7	-	-	PUNCT
ftr-315	407	8	tax	tax	NOUN
ftr-315	407	9	”	"	PUNCT
ftr-315	407	10	cap	cap	NOUN
ftr-315	407	11	on	on	ADP
ftr-315	407	12	the	the	DET
ftr-315	407	13	gp	gp	NOUN
ftr-315	407	14	’s	’s	PART
ftr-315	407	15	clawback	clawback	NOUN
ftr-315	407	16	obligation	obligation	NOUN
ftr-315	407	17	results	result	NOUN
ftr-315	407	18	in	in	ADP
ftr-315	407	19	the	the	DET
ftr-315	407	20	shifting	shifting	NOUN
ftr-315	407	21	of	of	ADP
ftr-315	407	22	the	the	DET
ftr-315	407	23	economic	economic	ADJ
ftr-315	407	24	burden	burden	NOUN
ftr-315	407	25	of	of	ADP
ftr-315	407	26	losses	loss	NOUN
ftr-315	407	27	to	to	ADP
ftr-315	407	28	the	the	DET
ftr-315	407	29	lps.69	lps.69	NOUN
ftr-315	407	30	the	the	DET
ftr-315	407	31	maximum	maximum	ADJ
ftr-315	407	32	amount	amount	NOUN
ftr-315	407	33	of	of	ADP
ftr-315	407	34	losses	loss	NOUN
ftr-315	407	35	that	that	PRON
ftr-315	407	36	can	can	AUX
ftr-315	407	37	be	be	AUX
ftr-315	407	38	shifted	shift	VERB
ftr-315	407	39	from	from	ADP
ftr-315	407	40	the	the	DET
ftr-315	407	41	gp	gp	NOUN
ftr-315	407	42	to	to	ADP
ftr-315	407	43	the	the	DET
ftr-315	407	44	lps	lps	PROPN
ftr-315	407	45	as	as	ADP
ftr-315	407	46	a	a	DET
ftr-315	407	47	result	result	NOUN
ftr-315	407	48	of	of	ADP
ftr-315	407	49	the	the	DET
ftr-315	407	50	after	after	ADP
ftr-315	407	51	-	-	PUNCT
ftr-315	407	52	tax	tax	NOUN
ftr-315	407	53	cap	cap	NOUN
ftr-315	407	54	on	on	ADP
ftr-315	407	55	the	the	DET
ftr-315	407	56	clawback	clawback	NOUN
ftr-315	407	57	is	be	AUX
ftr-315	407	58	equal	equal	ADJ
ftr-315	407	59	to	to	ADP
ftr-315	407	60	the	the	DET
ftr-315	407	61	tax	tax	NOUN
ftr-315	407	62	paid	pay	VERB
ftr-315	407	63	(	(	PUNCT
ftr-315	407	64	or	or	CCONJ
ftr-315	407	65	assumed	assume	VERB
ftr-315	407	66	paid	pay	VERB
ftr-315	407	67	)	)	PUNCT
ftr-315	407	68	by	by	ADP
ftr-315	407	69	the	the	DET
ftr-315	407	70	gp	gp	NOUN
ftr-315	407	71	on	on	ADP
ftr-315	407	72	the	the	DET
ftr-315	407	73	carry	carry	NOUN
ftr-315	407	74	.	.	PUNCT
ftr-315	408	1	so	so	ADV
ftr-315	408	2	,	,	PUNCT
ftr-315	408	3	in	in	ADP
ftr-315	408	4	this	this	DET
ftr-315	408	5	example	example	NOUN
ftr-315	408	6	,	,	PUNCT
ftr-315	408	7	if	if	SCONJ
ftr-315	408	8	the	the	DET
ftr-315	408	9	fund	fund	NOUN
ftr-315	408	10	had	have	VERB
ftr-315	408	11	zero	zero	NUM
ftr-315	408	12	aggregate	aggregate	ADJ
ftr-315	408	13	profits	profit	NOUN
ftr-315	408	14	and	and	CCONJ
ftr-315	408	15	the	the	DET
ftr-315	408	16	gp	gp	NOUN
ftr-315	408	17	would	would	AUX
ftr-315	408	18	be	be	AUX
ftr-315	408	19	entitled	entitle	VERB
ftr-315	408	20	to	to	ADP
ftr-315	408	21	a	a	DET
ftr-315	408	22	carry	carry	NOUN
ftr-315	408	23	of	of	ADP
ftr-315	408	24	$	$	SYM
ftr-315	408	25	0	0	NUM
ftr-315	408	26	,	,	PUNCT
ftr-315	408	27	the	the	DET
ftr-315	408	28	gp	gp	NOUN
ftr-315	408	29	would	would	AUX
ftr-315	408	30	return	return	VERB
ftr-315	408	31	only	only	ADV
ftr-315	408	32	$	$	SYM
ftr-315	408	33	25.50	25.50	NUM
ftr-315	408	34	pursuant	pursuant	NOUN
ftr-315	408	35	to	to	ADP
ftr-315	408	36	the	the	DET
ftr-315	408	37	after	after	ADP
ftr-315	408	38	-	-	PUNCT
ftr-315	408	39	tax	tax	NOUN
ftr-315	408	40	clawback	clawback	NOUN
ftr-315	408	41	(	(	PUNCT
ftr-315	408	42	rather	rather	ADV
ftr-315	408	43	than	than	ADP
ftr-315	408	44	the	the	DET
ftr-315	408	45	full	full	ADJ
ftr-315	408	46	$	$	SYM
ftr-315	408	47	30	30	NUM
ftr-315	408	48	of	of	ADP
ftr-315	408	49	carry	carry	NOUN
ftr-315	408	50	received	receive	VERB
ftr-315	408	51	)	)	PUNCT
ftr-315	408	52	,	,	PUNCT
ftr-315	408	53	thereby	thereby	ADV
ftr-315	408	54	shifting	shift	VERB
ftr-315	408	55	a	a	DET
ftr-315	408	56	maximum	maximum	NOUN
ftr-315	408	57	of	of	ADP
ftr-315	408	58	$	$	SYM
ftr-315	408	59	4.50	4.50	NUM
ftr-315	408	60	of	of	ADP
ftr-315	408	61	economic	economic	ADJ
ftr-315	408	62	losses	loss	NOUN
ftr-315	408	63	from	from	ADP
ftr-315	408	64	the	the	DET
ftr-315	408	65	gp	gp	NOUN
ftr-315	408	66	to	to	ADP
ftr-315	408	67	the	the	DET
ftr-315	408	68	lps	lps	PROPN
ftr-315	408	69	.	.	PUNCT
ftr-315	409	1	note	note	VERB
ftr-315	409	2	that	that	SCONJ
ftr-315	409	3	,	,	PUNCT
ftr-315	409	4	because	because	SCONJ
ftr-315	409	5	the	the	DET
ftr-315	409	6	maximum	maximum	ADJ
ftr-315	409	7	amount	amount	NOUN
ftr-315	409	8	of	of	ADP
ftr-315	409	9	economic	economic	ADJ
ftr-315	409	10	loss	loss	NOUN
ftr-315	409	11	that	that	PRON
ftr-315	409	12	can	can	AUX
ftr-315	409	13	be	be	AUX
ftr-315	409	14	shifted	shift	VERB
ftr-315	409	15	from	from	ADP
ftr-315	409	16	the	the	DET
ftr-315	409	17	gp	gp	NOUN
ftr-315	409	18	to	to	ADP
ftr-315	409	19	the	the	DET
ftr-315	409	20	lp	lp	NOUN
ftr-315	409	21	is	be	AUX
ftr-315	409	22	equal	equal	ADJ
ftr-315	409	23	to	to	ADP
ftr-315	409	24	the	the	DET
ftr-315	409	25	product	product	NOUN
ftr-315	409	26	of	of	ADP
ftr-315	409	27	the	the	DET
ftr-315	409	28	applicable	applicable	ADJ
ftr-315	409	29	tax	tax	NOUN
ftr-315	409	30	rate	rate	NOUN
ftr-315	409	31	and	and	CCONJ
ftr-315	409	32	the	the	DET
ftr-315	409	33	amount	amount	NOUN
ftr-315	409	34	of	of	ADP
ftr-315	409	35	the	the	DET
ftr-315	409	36	carry	carry	NOUN
ftr-315	409	37	allocated	allocate	VERB
ftr-315	409	38	68	68	NUM
ftr-315	409	39	.	.	PUNCT
ftr-315	410	1	often	often	ADV
ftr-315	410	2	,	,	PUNCT
ftr-315	410	3	the	the	DET
ftr-315	410	4	“	"	PUNCT
ftr-315	410	5	after	after	ADP
ftr-315	410	6	-	-	PUNCT
ftr-315	410	7	tax	tax	NOUN
ftr-315	410	8	”	"	PUNCT
ftr-315	410	9	carry	carry	NOUN
ftr-315	410	10	is	be	AUX
ftr-315	410	11	calculated	calculate	VERB
ftr-315	410	12	using	use	VERB
ftr-315	410	13	an	an	DET
ftr-315	410	14	assumed	assumed	ADJ
ftr-315	410	15	rate	rate	NOUN
ftr-315	410	16	of	of	ADP
ftr-315	410	17	tax	tax	NOUN
ftr-315	410	18	.	.	PUNCT
ftr-315	411	1	see	see	VERB
ftr-315	411	2	needham	needham	PROPN
ftr-315	411	3	,	,	PUNCT
ftr-315	411	4	private	private	ADJ
ftr-315	411	5	equity	equity	NOUN
ftr-315	411	6	funds	fund	NOUN
ftr-315	411	7	,	,	PUNCT
ftr-315	411	8	supra	supra	PROPN
ftr-315	411	9	note	note	PROPN
ftr-315	411	10	17	17	NUM
ftr-315	411	11	,	,	PUNCT
ftr-315	411	12	at	at	ADP
ftr-315	411	13	iii.b.4	iii.b.4	PROPN
ftr-315	411	14	.	.	PUNCT
ftr-315	412	1	(	(	PUNCT
ftr-315	412	2	noting	note	VERB
ftr-315	412	3	that	that	SCONJ
ftr-315	412	4	the	the	DET
ftr-315	412	5	clawback	clawback	NOUN
ftr-315	412	6	provisions	provision	NOUN
ftr-315	412	7	often	often	ADV
ftr-315	412	8	assume	assume	VERB
ftr-315	412	9	that	that	SCONJ
ftr-315	412	10	“	"	PUNCT
ftr-315	412	11	the	the	DET
ftr-315	412	12	general	general	ADJ
ftr-315	412	13	partner	partner	NOUN
ftr-315	412	14	bears	bear	VERB
ftr-315	412	15	tax	tax	NOUN
ftr-315	412	16	at	at	ADP
ftr-315	412	17	the	the	DET
ftr-315	412	18	marginal	marginal	ADJ
ftr-315	412	19	rates	rate	NOUN
ftr-315	412	20	of	of	ADP
ftr-315	412	21	a	a	DET
ftr-315	412	22	nyc	nyc	PROPN
ftr-315	412	23	resident	resident	NOUN
ftr-315	412	24	and	and	CCONJ
ftr-315	412	25	has	have	VERB
ftr-315	412	26	no	no	DET
ftr-315	412	27	unrelated	unrelated	ADJ
ftr-315	412	28	losses	loss	NOUN
ftr-315	412	29	to	to	PART
ftr-315	412	30	shelter	shelter	VERB
ftr-315	412	31	fund	fund	NOUN
ftr-315	412	32	income	income	NOUN
ftr-315	412	33	”	"	PUNCT
ftr-315	412	34	)	)	PUNCT
ftr-315	412	35	.	.	PUNCT
ftr-315	413	1	69	69	NUM
ftr-315	413	2	.	.	PUNCT
ftr-315	414	1	see	see	VERB
ftr-315	414	2	generally	generally	ADV
ftr-315	414	3	howard	howard	PROPN
ftr-315	414	4	e.	e.	PROPN
ftr-315	414	5	abrams	abrams	PROPN
ftr-315	414	6	,	,	PUNCT
ftr-315	414	7	taxation	taxation	NOUN
ftr-315	414	8	of	of	ADP
ftr-315	414	9	carried	carry	VERB
ftr-315	414	10	interests	interest	NOUN
ftr-315	414	11	:	:	PUNCT
ftr-315	414	12	the	the	DET
ftr-315	414	13	reform	reform	NOUN
ftr-315	414	14	that	that	PRON
ftr-315	414	15	did	do	AUX
ftr-315	414	16	not	not	PART
ftr-315	414	17	happen	happen	VERB
ftr-315	414	18	,	,	PUNCT
ftr-315	414	19	40	40	NUM
ftr-315	414	20	loy	loy	PROPN
ftr-315	414	21	.	.	PUNCT
ftr-315	415	1	u.	u.	PROPN
ftr-315	415	2	chi	chi	PROPN
ftr-315	415	3	.	.	PUNCT
ftr-315	416	1	l.j	l.j	AUX
ftr-315	416	2	.	.	PROPN
ftr-315	416	3	197	197	NUM
ftr-315	416	4	(	(	PUNCT
ftr-315	416	5	2009	2009	NUM
ftr-315	416	6	)	)	PUNCT
ftr-315	416	7	(	(	PUNCT
ftr-315	416	8	providing	provide	VERB
ftr-315	416	9	a	a	DET
ftr-315	416	10	useful	useful	ADJ
ftr-315	416	11	explanation	explanation	NOUN
ftr-315	416	12	as	as	ADP
ftr-315	416	13	to	to	ADP
ftr-315	416	14	why	why	SCONJ
ftr-315	416	15	an	an	DET
ftr-315	416	16	incomplete	incomplete	ADJ
ftr-315	416	17	clawback	clawback	NOUN
ftr-315	416	18	can	can	AUX
ftr-315	416	19	hurt	hurt	VERB
ftr-315	416	20	lps	lps	PROPN
ftr-315	416	21	)	)	PUNCT
ftr-315	416	22	.	.	PUNCT
ftr-315	417	1	cf	cf	NOUN
ftr-315	417	2	.	.	PUNCT
ftr-315	418	1	burke	burke	PROPN
ftr-315	418	2	,	,	PUNCT
ftr-315	418	3	sound	sound	NOUN
ftr-315	418	4	and	and	CCONJ
ftr-315	418	5	fury	fury	NOUN
ftr-315	418	6	,	,	PUNCT
ftr-315	418	7	supra	supra	ADJ
ftr-315	418	8	note	note	NOUN
ftr-315	418	9	1	1	NUM
ftr-315	418	10	,	,	PUNCT
ftr-315	418	11	at	at	ADP
ftr-315	418	12	12–14	12–14	NUM
ftr-315	418	13	(	(	PUNCT
ftr-315	418	14	arguing	argue	VERB
ftr-315	418	15	that	that	SCONJ
ftr-315	418	16	gps	gps	PROPN
ftr-315	418	17	should	should	AUX
ftr-315	418	18	not	not	PART
ftr-315	418	19	be	be	AUX
ftr-315	418	20	respected	respect	VERB
ftr-315	418	21	as	as	ADP
ftr-315	418	22	partners	partner	NOUN
ftr-315	418	23	in	in	ADP
ftr-315	418	24	funds	fund	NOUN
ftr-315	418	25	where	where	SCONJ
ftr-315	418	26	incomplete	incomplete	ADJ
ftr-315	418	27	clawbacks	clawback	NOUN
ftr-315	418	28	shift	shift	VERB
ftr-315	418	29	to	to	ADP
ftr-315	418	30	the	the	DET
ftr-315	418	31	lps	lps	PROPN
ftr-315	418	32	the	the	DET
ftr-315	418	33	economic	economic	ADJ
ftr-315	418	34	burden	burden	NOUN
ftr-315	418	35	of	of	ADP
ftr-315	418	36	taxes	taxis	NOUN
ftr-315	418	37	nominally	nominally	ADV
ftr-315	418	38	imposed	impose	VERB
ftr-315	418	39	on	on	ADP
ftr-315	418	40	the	the	DET
ftr-315	418	41	gp	gp	NOUN
ftr-315	418	42	)	)	PUNCT
ftr-315	418	43	.	.	PUNCT
ftr-315	419	1	2012	2012	NUM
ftr-315	419	2	]	]	PUNCT
ftr-315	419	3	“	"	PUNCT
ftr-315	419	4	carried	carry	VERB
ftr-315	419	5	interest	interest	NOUN
ftr-315	419	6	”	"	PUNCT
ftr-315	419	7	tax	tax	NOUN
ftr-315	419	8	proposals	proposal	NOUN
ftr-315	419	9	23	23	NUM
ftr-315	419	10	to	to	ADP
ftr-315	419	11	the	the	DET
ftr-315	419	12	gp,70	gp,70	NOUN
ftr-315	419	13	as	as	SCONJ
ftr-315	419	14	the	the	DET
ftr-315	419	15	early	early	ADJ
ftr-315	419	16	carries	carry	VERB
ftr-315	419	17	increase	increase	NOUN
ftr-315	419	18	in	in	ADP
ftr-315	419	19	size	size	NOUN
ftr-315	419	20	,	,	PUNCT
ftr-315	419	21	so	so	ADV
ftr-315	419	22	too	too	ADV
ftr-315	419	23	does	do	VERB
ftr-315	419	24	the	the	DET
ftr-315	419	25	potential	potential	NOUN
ftr-315	419	26	that	that	SCONJ
ftr-315	419	27	the	the	DET
ftr-315	419	28	lps	lps	PROPN
ftr-315	419	29	will	will	AUX
ftr-315	419	30	bear	bear	VERB
ftr-315	419	31	more	more	ADJ
ftr-315	419	32	than	than	ADP
ftr-315	419	33	their	their	PRON
ftr-315	419	34	share	share	NOUN
ftr-315	419	35	of	of	ADP
ftr-315	419	36	subsequent	subsequent	ADJ
ftr-315	419	37	losses.71	losses.71	NOUN
ftr-315	419	38	(	(	PUNCT
ftr-315	419	39	2	2	X
ftr-315	419	40	)	)	PUNCT
ftr-315	419	41	increasing	increase	VERB
ftr-315	419	42	the	the	DET
ftr-315	419	43	gp	gp	NOUN
ftr-315	419	44	’s	’s	PART
ftr-315	419	45	risk	risk	NOUN
ftr-315	419	46	-	-	PUNCT
ftr-315	419	47	taking	take	VERB
ftr-315	419	48	incentive	incentive	NOUN
ftr-315	419	49	again	again	ADV
ftr-315	419	50	,	,	PUNCT
ftr-315	419	51	the	the	DET
ftr-315	419	52	gp	gp	NOUN
ftr-315	419	53	’s	’s	PART
ftr-315	419	54	carried	carry	VERB
ftr-315	419	55	interest	interest	NOUN
ftr-315	419	56	remains	remain	VERB
ftr-315	419	57	equivalent	equivalent	ADJ
ftr-315	419	58	to	to	ADP
ftr-315	419	59	an	an	DET
ftr-315	419	60	option	option	NOUN
ftr-315	419	61	,	,	PUNCT
ftr-315	419	62	but	but	CCONJ
ftr-315	419	63	any	any	DET
ftr-315	419	64	reduction	reduction	NOUN
ftr-315	419	65	in	in	ADP
ftr-315	419	66	the	the	DET
ftr-315	419	67	maximum	maximum	ADJ
ftr-315	419	68	amount	amount	NOUN
ftr-315	419	69	of	of	ADP
ftr-315	419	70	the	the	DET
ftr-315	419	71	clawback	clawback	NOUN
ftr-315	419	72	makes	make	VERB
ftr-315	419	73	the	the	DET
ftr-315	419	74	gp	gp	NOUN
ftr-315	419	75	’s	’s	ADV
ftr-315	419	76	carry	carry	VERB
ftr-315	419	77	closer	close	ADV
ftr-315	419	78	and	and	CCONJ
ftr-315	419	79	closer	close	ADJ
ftr-315	419	80	to	to	ADP
ftr-315	419	81	an	an	DET
ftr-315	419	82	out	out	ADV
ftr-315	419	83	-	-	PUNCT
ftr-315	419	84	of	of	ADP
ftr-315	419	85	-	-	PUNCT
ftr-315	419	86	the	the	DET
ftr-315	419	87	-	-	PUNCT
ftr-315	419	88	money	money	NOUN
ftr-315	419	89	option	option	NOUN
ftr-315	419	90	.	.	PUNCT
ftr-315	420	1	that	that	PRON
ftr-315	420	2	is	be	AUX
ftr-315	420	3	,	,	PUNCT
ftr-315	420	4	in	in	ADP
ftr-315	420	5	example	example	NOUN
ftr-315	420	6	#	#	SYM
ftr-315	420	7	3	3	NUM
ftr-315	420	8	,	,	PUNCT
ftr-315	420	9	the	the	DET
ftr-315	420	10	gp	gp	NOUN
ftr-315	420	11	’s	’s	PART
ftr-315	420	12	carried	carry	VERB
ftr-315	420	13	interest	interest	NOUN
ftr-315	420	14	becomes	become	VERB
ftr-315	420	15	an	an	DET
ftr-315	420	16	out	out	ADV
ftr-315	420	17	-	-	PUNCT
ftr-315	420	18	of	of	ADP
ftr-315	420	19	-	-	PUNCT
ftr-315	420	20	the	the	DET
ftr-315	420	21	-	-	PUNCT
ftr-315	420	22	money	money	NOUN
ftr-315	420	23	option	option	NOUN
ftr-315	420	24	when	when	SCONJ
ftr-315	420	25	the	the	DET
ftr-315	420	26	clawback	clawback	NOUN
ftr-315	420	27	obligation	obligation	NOUN
ftr-315	420	28	exceeds	exceed	VERB
ftr-315	420	29	$	$	SYM
ftr-315	420	30	25.50	25.50	NUM
ftr-315	420	31	(	(	PUNCT
ftr-315	420	32	i.e.	i.e.	X
ftr-315	420	33	,	,	PUNCT
ftr-315	420	34	once	once	SCONJ
ftr-315	420	35	the	the	DET
ftr-315	420	36	value	value	NOUN
ftr-315	420	37	of	of	ADP
ftr-315	420	38	asset	asset	NOUN
ftr-315	420	39	b	b	PROPN
ftr-315	420	40	declines	decline	NOUN
ftr-315	420	41	by	by	ADP
ftr-315	420	42	more	more	ADJ
ftr-315	420	43	than	than	ADP
ftr-315	420	44	$	$	SYM
ftr-315	420	45	127.50	127.50	NUM
ftr-315	420	46	,	,	PUNCT
ftr-315	420	47	to	to	ADP
ftr-315	420	48	below	below	ADP
ftr-315	420	49	$	$	SYM
ftr-315	420	50	472.50	472.50	NUM
ftr-315	420	51	)	)	PUNCT
ftr-315	420	52	.	.	PUNCT
ftr-315	421	1	if	if	SCONJ
ftr-315	421	2	asset	asset	NOUN
ftr-315	421	3	b	b	NOUN
ftr-315	421	4	is	be	AUX
ftr-315	421	5	declining	decline	VERB
ftr-315	421	6	in	in	ADP
ftr-315	421	7	value	value	NOUN
ftr-315	421	8	from	from	ADP
ftr-315	421	9	$	$	SYM
ftr-315	421	10	600	600	NUM
ftr-315	421	11	,	,	PUNCT
ftr-315	421	12	it	it	PRON
ftr-315	421	13	will	will	AUX
ftr-315	421	14	be	be	AUX
ftr-315	421	15	worth	worth	ADJ
ftr-315	421	16	$	$	SYM
ftr-315	421	17	472.50	472.50	NUM
ftr-315	421	18	(	(	PUNCT
ftr-315	421	19	i.e.	i.e.	X
ftr-315	421	20	,	,	PUNCT
ftr-315	421	21	the	the	DET
ftr-315	421	22	out	out	NOUN
ftr-315	421	23	-	-	PUNCT
ftr-315	421	24	of	of	ADP
ftr-315	421	25	the	the	DET
ftr-315	421	26	-	-	PUNCT
ftr-315	421	27	money	money	NOUN
ftr-315	421	28	threshold	threshold	NOUN
ftr-315	421	29	when	when	SCONJ
ftr-315	421	30	the	the	DET
ftr-315	421	31	clawback	clawback	NOUN
ftr-315	421	32	is	be	AUX
ftr-315	421	33	capped	cap	VERB
ftr-315	421	34	by	by	ADP
ftr-315	421	35	the	the	DET
ftr-315	421	36	after	after	ADP
ftr-315	421	37	-	-	PUNCT
ftr-315	421	38	tax	tax	NOUN
ftr-315	421	39	carry	carry	NOUN
ftr-315	421	40	)	)	PUNCT
ftr-315	421	41	before	before	SCONJ
ftr-315	421	42	it	it	PRON
ftr-315	421	43	is	be	AUX
ftr-315	421	44	worth	worth	ADJ
ftr-315	421	45	$	$	SYM
ftr-315	421	46	450	450	NUM
ftr-315	421	47	(	(	PUNCT
ftr-315	421	48	i.e.	i.e.	X
ftr-315	421	49	,	,	PUNCT
ftr-315	421	50	the	the	DET
ftr-315	421	51	out	out	ADV
ftr-315	421	52	-	-	PUNCT
ftr-315	421	53	of	of	ADP
ftr-315	421	54	-	-	PUNCT
ftr-315	421	55	the	the	DET
ftr-315	421	56	-	-	PUNCT
ftr-315	421	57	money	money	NOUN
ftr-315	421	58	threshold	threshold	NOUN
ftr-315	421	59	when	when	SCONJ
ftr-315	421	60	the	the	DET
ftr-315	421	61	clawback	clawback	NOUN
ftr-315	421	62	can	can	AUX
ftr-315	421	63	recoup	recoup	VERB
ftr-315	421	64	the	the	DET
ftr-315	421	65	full	full	ADJ
ftr-315	421	66	amount	amount	NOUN
ftr-315	421	67	of	of	ADP
ftr-315	421	68	the	the	DET
ftr-315	421	69	carry	carry	NOUN
ftr-315	421	70	)	)	PUNCT
ftr-315	421	71	.	.	PUNCT
ftr-315	422	1	thus	thus	ADV
ftr-315	422	2	,	,	PUNCT
ftr-315	422	3	a	a	DET
ftr-315	422	4	clawback	clawback	NOUN
ftr-315	422	5	capped	cap	VERB
ftr-315	422	6	at	at	ADP
ftr-315	422	7	the	the	DET
ftr-315	422	8	gp	gp	NOUN
ftr-315	422	9	’s	’s	PART
ftr-315	422	10	after	after	ADP
ftr-315	422	11	-	-	PUNCT
ftr-315	422	12	tax	tax	NOUN
ftr-315	422	13	carry	carry	NOUN
ftr-315	422	14	will	will	AUX
ftr-315	422	15	create	create	VERB
ftr-315	422	16	an	an	DET
ftr-315	422	17	incentive	incentive	NOUN
ftr-315	422	18	for	for	ADP
ftr-315	422	19	increased	increase	VERB
ftr-315	422	20	risk	risk	NOUN
ftr-315	422	21	-	-	PUNCT
ftr-315	422	22	taking	taking	NOUN
ftr-315	422	23	before	before	SCONJ
ftr-315	422	24	a	a	DET
ftr-315	422	25	full	full	ADJ
ftr-315	422	26	(	(	PUNCT
ftr-315	422	27	uncapped	uncapped	ADJ
ftr-315	422	28	)	)	PUNCT
ftr-315	422	29	clawback	clawback	NOUN
ftr-315	422	30	will	will	AUX
ftr-315	422	31	create	create	VERB
ftr-315	422	32	that	that	DET
ftr-315	422	33	incentive.72	incentive.72	NOUN
ftr-315	422	34	2	2	NUM
ftr-315	422	35	.	.	PUNCT
ftr-315	422	36	appreciating	appreciate	VERB
ftr-315	422	37	how	how	SCONJ
ftr-315	422	38	clawback	clawback	NOUN
ftr-315	422	39	problems	problem	NOUN
ftr-315	422	40	are	be	AUX
ftr-315	422	41	exacerbated	exacerbate	VERB
ftr-315	422	42	by	by	ADP
ftr-315	422	43	increases	increase	NOUN
ftr-315	422	44	to	to	ADP
ftr-315	422	45	the	the	DET
ftr-315	422	46	tax	tax	NOUN
ftr-315	422	47	on	on	ADP
ftr-315	422	48	carried	carry	VERB
ftr-315	422	49	interests	interest	NOUN
ftr-315	422	50	the	the	DET
ftr-315	422	51	loss	loss	NOUN
ftr-315	422	52	-	-	PUNCT
ftr-315	422	53	shifting	shift	VERB
ftr-315	422	54	and	and	CCONJ
ftr-315	422	55	risk	risk	NOUN
ftr-315	422	56	-	-	PUNCT
ftr-315	422	57	taking	take	VERB
ftr-315	422	58	incentive	incentive	NOUN
ftr-315	422	59	effects	effect	NOUN
ftr-315	422	60	of	of	ADP
ftr-315	422	61	capping	cap	VERB
ftr-315	422	62	the	the	DET
ftr-315	422	63	clawback	clawback	NOUN
ftr-315	422	64	at	at	ADP
ftr-315	422	65	the	the	DET
ftr-315	422	66	gp	gp	NOUN
ftr-315	422	67	’s	’s	PART
ftr-315	422	68	after	after	ADP
ftr-315	422	69	-	-	PUNCT
ftr-315	422	70	tax	tax	NOUN
ftr-315	422	71	carry	carry	NOUN
ftr-315	422	72	increase	increase	NOUN
ftr-315	422	73	dramatically	dramatically	ADV
ftr-315	422	74	as	as	ADP
ftr-315	422	75	the	the	DET
ftr-315	422	76	tax	tax	NOUN
ftr-315	422	77	rate	rate	NOUN
ftr-315	422	78	applicable	applicable	ADJ
ftr-315	422	79	to	to	ADP
ftr-315	422	80	the	the	DET
ftr-315	422	81	gp	gp	NOUN
ftr-315	422	82	’s	’s	PART
ftr-315	422	83	carry	carry	VERB
ftr-315	422	84	increases	increase	NOUN
ftr-315	422	85	.	.	PUNCT
ftr-315	423	1	specifically	specifically	ADV
ftr-315	423	2	as	as	ADP
ftr-315	423	3	to	to	ADP
ftr-315	423	4	the	the	DET
ftr-315	423	5	loss	loss	NOUN
ftr-315	423	6	-	-	PUNCT
ftr-315	423	7	shifting	shift	VERB
ftr-315	423	8	problem	problem	NOUN
ftr-315	423	9	,	,	PUNCT
ftr-315	423	10	the	the	DET
ftr-315	423	11	maximum	maximum	ADJ
ftr-315	423	12	economic	economic	ADJ
ftr-315	423	13	loss	loss	NOUN
ftr-315	423	14	that	that	PRON
ftr-315	423	15	could	could	AUX
ftr-315	423	16	be	be	AUX
ftr-315	423	17	shifted	shift	VERB
ftr-315	423	18	from	from	ADP
ftr-315	423	19	the	the	DET
ftr-315	423	20	gp	gp	NOUN
ftr-315	423	21	to	to	ADP
ftr-315	423	22	the	the	DET
ftr-315	423	23	lps	lps	PROPN
ftr-315	423	24	increases	increase	NOUN
ftr-315	423	25	in	in	ADP
ftr-315	423	26	proportion	proportion	NOUN
ftr-315	423	27	to	to	ADP
ftr-315	423	28	the	the	DET
ftr-315	423	29	increase	increase	NOUN
ftr-315	423	30	in	in	ADP
ftr-315	423	31	the	the	DET
ftr-315	423	32	tax	tax	NOUN
ftr-315	423	33	rate	rate	NOUN
ftr-315	423	34	applicable	applicable	ADJ
ftr-315	423	35	to	to	ADP
ftr-315	423	36	the	the	DET
ftr-315	423	37	carry	carry	NOUN
ftr-315	423	38	.	.	PUNCT
ftr-315	424	1	for	for	ADP
ftr-315	424	2	example	example	NOUN
ftr-315	424	3	,	,	PUNCT
ftr-315	424	4	recall	recall	VERB
ftr-315	424	5	the	the	DET
ftr-315	424	6	earlier	early	ADJ
ftr-315	424	7	examples	example	NOUN
ftr-315	424	8	where	where	SCONJ
ftr-315	424	9	the	the	DET
ftr-315	424	10	gp	gp	NOUN
ftr-315	424	11	received	receive	VERB
ftr-315	424	12	a	a	DET
ftr-315	424	13	distribution	distribution	NOUN
ftr-315	424	14	of	of	ADP
ftr-315	424	15	a	a	DET
ftr-315	424	16	$	$	SYM
ftr-315	424	17	30	30	NUM
ftr-315	424	18	carry	carry	NOUN
ftr-315	424	19	in	in	ADP
ftr-315	424	20	year	year	NOUN
ftr-315	424	21	2	2	NUM
ftr-315	424	22	.	.	PUNCT
ftr-315	425	1	if	if	SCONJ
ftr-315	425	2	the	the	DET
ftr-315	425	3	tax	tax	NOUN
ftr-315	425	4	rate	rate	NOUN
ftr-315	425	5	applicable	applicable	ADJ
ftr-315	425	6	to	to	ADP
ftr-315	425	7	the	the	DET
ftr-315	425	8	gp	gp	NOUN
ftr-315	425	9	’s	’s	PART
ftr-315	425	10	carry	carry	NOUN
ftr-315	425	11	is	be	AUX
ftr-315	425	12	40	40	NUM
ftr-315	425	13	percent	percent	NOUN
ftr-315	425	14	rather	rather	ADV
ftr-315	425	15	than	than	ADP
ftr-315	425	16	15	15	NUM
ftr-315	425	17	percent	percent	NOUN
ftr-315	425	18	,	,	PUNCT
ftr-315	425	19	then	then	ADV
ftr-315	425	20	capping	cap	VERB
ftr-315	425	21	the	the	DET
ftr-315	425	22	clawback	clawback	NOUN
ftr-315	425	23	at	at	ADP
ftr-315	425	24	the	the	DET
ftr-315	425	25	gp	gp	NOUN
ftr-315	425	26	’s	’s	PART
ftr-315	425	27	after	after	ADP
ftr-315	425	28	-	-	PUNCT
ftr-315	425	29	tax	tax	NOUN
ftr-315	425	30	carry	carry	NOUN
ftr-315	425	31	(	(	PUNCT
ftr-315	425	32	$	$	SYM
ftr-315	425	33	30	30	NUM
ftr-315	425	34	–	–	PUNCT
ftr-315	425	35	40	40	NUM
ftr-315	425	36	%	%	NOUN
ftr-315	425	37	=	=	NOUN
ftr-315	425	38	$	$	SYM
ftr-315	425	39	18	18	NUM
ftr-315	425	40	)	)	PUNCT
ftr-315	425	41	could	could	AUX
ftr-315	425	42	shift	shift	VERB
ftr-315	425	43	$	$	SYM
ftr-315	425	44	12	12	NUM
ftr-315	425	45	(	(	PUNCT
ftr-315	425	46	rather	rather	ADV
ftr-315	425	47	than	than	ADP
ftr-315	425	48	$	$	SYM
ftr-315	425	49	4.50	4.50	NUM
ftr-315	425	50	)	)	PUNCT
ftr-315	425	51	of	of	ADP
ftr-315	425	52	economic	economic	ADJ
ftr-315	425	53	loss	loss	NOUN
ftr-315	425	54	from	from	ADP
ftr-315	425	55	the	the	DET
ftr-315	425	56	gp	gp	NOUN
ftr-315	425	57	to	to	ADP
ftr-315	425	58	the	the	DET
ftr-315	425	59	70	70	NUM
ftr-315	425	60	.	.	PUNCT
ftr-315	426	1	this	this	PRON
ftr-315	426	2	assumes	assume	VERB
ftr-315	426	3	that	that	SCONJ
ftr-315	426	4	the	the	DET
ftr-315	426	5	amount	amount	NOUN
ftr-315	426	6	of	of	ADP
ftr-315	426	7	the	the	DET
ftr-315	426	8	carry	carry	NOUN
ftr-315	426	9	that	that	PRON
ftr-315	426	10	gets	get	AUX
ftr-315	426	11	distributed	distribute	VERB
ftr-315	426	12	is	be	AUX
ftr-315	426	13	at	at	ADP
ftr-315	426	14	least	least	ADJ
ftr-315	426	15	equal	equal	ADJ
ftr-315	426	16	to	to	ADP
ftr-315	426	17	amount	amount	NOUN
ftr-315	426	18	of	of	ADP
ftr-315	426	19	tax	tax	NOUN
ftr-315	426	20	due	due	ADJ
ftr-315	426	21	on	on	ADP
ftr-315	426	22	the	the	DET
ftr-315	426	23	carry	carry	NOUN
ftr-315	426	24	that	that	PRON
ftr-315	426	25	is	be	AUX
ftr-315	426	26	allocated	allocate	VERB
ftr-315	426	27	to	to	ADP
ftr-315	426	28	the	the	DET
ftr-315	426	29	gp	gp	NOUN
ftr-315	426	30	.	.	PUNCT
ftr-315	427	1	71	71	NUM
ftr-315	427	2	.	.	PUNCT
ftr-315	428	1	further	far	ADV
ftr-315	428	2	,	,	PUNCT
ftr-315	428	3	as	as	SCONJ
ftr-315	428	4	will	will	AUX
ftr-315	428	5	be	be	AUX
ftr-315	428	6	explained	explain	VERB
ftr-315	428	7	later	later	ADV
ftr-315	428	8	,	,	PUNCT
ftr-315	428	9	the	the	DET
ftr-315	428	10	potential	potential	NOUN
ftr-315	428	11	that	that	SCONJ
ftr-315	428	12	the	the	DET
ftr-315	428	13	lps	lps	PROPN
ftr-315	428	14	will	will	AUX
ftr-315	428	15	bear	bear	VERB
ftr-315	428	16	more	more	ADJ
ftr-315	428	17	than	than	SCONJ
ftr-315	428	18	their	their	PRON
ftr-315	428	19	share	share	NOUN
ftr-315	428	20	of	of	ADP
ftr-315	428	21	subsequent	subsequent	ADJ
ftr-315	428	22	losses	loss	NOUN
ftr-315	428	23	also	also	ADV
ftr-315	428	24	increases	increase	VERB
ftr-315	428	25	as	as	ADP
ftr-315	428	26	the	the	DET
ftr-315	428	27	tax	tax	NOUN
ftr-315	428	28	rate	rate	NOUN
ftr-315	428	29	applicable	applicable	ADJ
ftr-315	428	30	to	to	ADP
ftr-315	428	31	the	the	DET
ftr-315	428	32	carry	carry	NOUN
ftr-315	428	33	increases	increase	NOUN
ftr-315	428	34	.	.	PUNCT
ftr-315	429	1	72	72	NUM
ftr-315	429	2	.	.	PUNCT
ftr-315	429	3	risk	risk	NOUN
ftr-315	429	4	-	-	PUNCT
ftr-315	429	5	taking	taking	NOUN
ftr-315	429	6	is	be	AUX
ftr-315	429	7	not	not	PART
ftr-315	429	8	inherently	inherently	ADV
ftr-315	429	9	problematic	problematic	ADJ
ftr-315	429	10	.	.	PUNCT
ftr-315	430	1	the	the	DET
ftr-315	430	2	key	key	NOUN
ftr-315	430	3	,	,	PUNCT
ftr-315	430	4	of	of	ADP
ftr-315	430	5	course	course	NOUN
ftr-315	430	6	,	,	PUNCT
ftr-315	430	7	is	be	AUX
ftr-315	430	8	that	that	SCONJ
ftr-315	430	9	parties	party	NOUN
ftr-315	430	10	understand	understand	VERB
ftr-315	430	11	the	the	DET
ftr-315	430	12	risks	risk	NOUN
ftr-315	430	13	to	to	PART
ftr-315	430	14	which	which	PRON
ftr-315	430	15	they	they	PRON
ftr-315	430	16	are	be	AUX
ftr-315	430	17	exposed	expose	VERB
ftr-315	430	18	and	and	CCONJ
ftr-315	430	19	that	that	SCONJ
ftr-315	430	20	the	the	DET
ftr-315	430	21	parties	party	NOUN
ftr-315	430	22	believe	believe	VERB
ftr-315	430	23	that	that	SCONJ
ftr-315	430	24	they	they	PRON
ftr-315	430	25	are	be	AUX
ftr-315	430	26	adequately	adequately	ADV
ftr-315	430	27	compensated	compensate	VERB
ftr-315	430	28	for	for	ADP
ftr-315	430	29	those	those	DET
ftr-315	430	30	risks	risk	NOUN
ftr-315	430	31	.	.	PUNCT
ftr-315	431	1	thus	thus	ADV
ftr-315	431	2	,	,	PUNCT
ftr-315	431	3	if	if	SCONJ
ftr-315	431	4	lps	lps	PROPN
ftr-315	431	5	consent	consent	VERB
ftr-315	431	6	to	to	ADP
ftr-315	431	7	a	a	DET
ftr-315	431	8	contract	contract	NOUN
ftr-315	431	9	that	that	PRON
ftr-315	431	10	creates	create	VERB
ftr-315	431	11	a	a	DET
ftr-315	431	12	particular	particular	ADJ
ftr-315	431	13	level	level	NOUN
ftr-315	431	14	of	of	ADP
ftr-315	431	15	risk	risk	NOUN
ftr-315	431	16	-	-	PUNCT
ftr-315	431	17	taking	take	VERB
ftr-315	431	18	incentive	incentive	NOUN
ftr-315	431	19	for	for	ADP
ftr-315	431	20	the	the	DET
ftr-315	431	21	gps	gps	NOUN
ftr-315	431	22	and	and	CCONJ
ftr-315	431	23	if	if	SCONJ
ftr-315	431	24	a	a	DET
ftr-315	431	25	change	change	NOUN
ftr-315	431	26	in	in	ADP
ftr-315	431	27	the	the	DET
ftr-315	431	28	tax	tax	NOUN
ftr-315	431	29	law	law	NOUN
ftr-315	431	30	increases	increase	VERB
ftr-315	431	31	that	that	SCONJ
ftr-315	431	32	risk	risk	NOUN
ftr-315	431	33	-	-	PUNCT
ftr-315	431	34	taking	take	VERB
ftr-315	431	35	incentive	incentive	NOUN
ftr-315	431	36	,	,	PUNCT
ftr-315	431	37	then	then	ADV
ftr-315	431	38	the	the	DET
ftr-315	431	39	lps	lps	PROPN
ftr-315	431	40	become	become	AUX
ftr-315	431	41	exposed	expose	VERB
ftr-315	431	42	to	to	ADP
ftr-315	431	43	a	a	DET
ftr-315	431	44	level	level	NOUN
ftr-315	431	45	of	of	ADP
ftr-315	431	46	risk	risk	NOUN
ftr-315	431	47	to	to	PART
ftr-315	431	48	which	which	PRON
ftr-315	431	49	they	they	PRON
ftr-315	431	50	did	do	AUX
ftr-315	431	51	not	not	PART
ftr-315	431	52	intend	intend	VERB
ftr-315	431	53	to	to	PART
ftr-315	431	54	be	be	AUX
ftr-315	431	55	exposed	expose	VERB
ftr-315	431	56	.	.	PUNCT
ftr-315	432	1	24	24	NUM
ftr-315	432	2	florida	florida	PROPN
ftr-315	432	3	tax	tax	NOUN
ftr-315	432	4	review	review	NOUN
ftr-315	432	5	[	[	X
ftr-315	432	6	vol.13:1	vol.13:1	ADJ
ftr-315	432	7	lps.73	lps.73	NOUN
ftr-315	432	8	said	say	VERB
ftr-315	432	9	differently	differently	ADV
ftr-315	432	10	,	,	PUNCT
ftr-315	432	11	where	where	SCONJ
ftr-315	432	12	the	the	DET
ftr-315	432	13	tax	tax	NOUN
ftr-315	432	14	rate	rate	NOUN
ftr-315	432	15	increases	increase	NOUN
ftr-315	432	16	by	by	ADP
ftr-315	432	17	267	267	NUM
ftr-315	432	18	percent	percent	NOUN
ftr-315	432	19	(	(	PUNCT
ftr-315	432	20	15	15	NUM
ftr-315	432	21	%	%	NOUN
ftr-315	432	22			NOUN
ftr-315	432	23	40	40	NUM
ftr-315	432	24	%	%	NOUN
ftr-315	432	25	)	)	PUNCT
ftr-315	432	26	,	,	PUNCT
ftr-315	432	27	the	the	DET
ftr-315	432	28	maximum	maximum	ADJ
ftr-315	432	29	potential	potential	ADJ
ftr-315	432	30	economic	economic	ADJ
ftr-315	432	31	loss	loss	NOUN
ftr-315	432	32	that	that	PRON
ftr-315	432	33	could	could	AUX
ftr-315	432	34	be	be	AUX
ftr-315	432	35	shifted	shift	VERB
ftr-315	432	36	from	from	ADP
ftr-315	432	37	the	the	DET
ftr-315	432	38	gp	gp	NOUN
ftr-315	432	39	to	to	ADP
ftr-315	432	40	the	the	DET
ftr-315	432	41	lps	lps	PROPN
ftr-315	432	42	also	also	ADV
ftr-315	432	43	increases	increase	VERB
ftr-315	432	44	by	by	ADP
ftr-315	432	45	267	267	NUM
ftr-315	432	46	percent	percent	NOUN
ftr-315	432	47	(	(	PUNCT
ftr-315	432	48	$	$	SYM
ftr-315	432	49	4.50	4.50	NUM
ftr-315	432	50			NOUN
ftr-315	432	51	$	$	SYM
ftr-315	432	52	12).74	12).74	NUM
ftr-315	432	53	the	the	DET
ftr-315	432	54	risk	risk	NOUN
ftr-315	432	55	-	-	PUNCT
ftr-315	432	56	taking	take	VERB
ftr-315	432	57	incentive	incentive	NOUN
ftr-315	432	58	problem	problem	NOUN
ftr-315	432	59	is	be	AUX
ftr-315	432	60	also	also	ADV
ftr-315	432	61	increasingly	increasingly	ADV
ftr-315	432	62	problematic	problematic	ADJ
ftr-315	432	63	as	as	ADP
ftr-315	432	64	the	the	DET
ftr-315	432	65	tax	tax	NOUN
ftr-315	432	66	rate	rate	NOUN
ftr-315	432	67	applicable	applicable	ADJ
ftr-315	432	68	to	to	ADP
ftr-315	432	69	the	the	DET
ftr-315	432	70	carry	carry	NOUN
ftr-315	432	71	increases	increase	NOUN
ftr-315	432	72	.	.	PUNCT
ftr-315	433	1	again	again	ADV
ftr-315	433	2	,	,	PUNCT
ftr-315	433	3	consider	consider	VERB
ftr-315	433	4	the	the	DET
ftr-315	433	5	example	example	NOUN
ftr-315	433	6	where	where	SCONJ
ftr-315	433	7	the	the	DET
ftr-315	433	8	gp	gp	NOUN
ftr-315	433	9	received	receive	VERB
ftr-315	433	10	a	a	DET
ftr-315	433	11	distribution	distribution	NOUN
ftr-315	433	12	of	of	ADP
ftr-315	433	13	a	a	DET
ftr-315	433	14	$	$	SYM
ftr-315	433	15	30	30	NUM
ftr-315	433	16	carry	carry	NOUN
ftr-315	433	17	in	in	ADP
ftr-315	433	18	year	year	NOUN
ftr-315	433	19	2	2	NUM
ftr-315	433	20	,	,	PUNCT
ftr-315	433	21	and	and	CCONJ
ftr-315	433	22	where	where	SCONJ
ftr-315	433	23	the	the	DET
ftr-315	433	24	clawback	clawback	NOUN
ftr-315	433	25	is	be	AUX
ftr-315	433	26	capped	cap	VERB
ftr-315	433	27	at	at	ADP
ftr-315	433	28	the	the	DET
ftr-315	433	29	gp	gp	NOUN
ftr-315	433	30	’s	’s	PART
ftr-315	433	31	after	after	ADP
ftr-315	433	32	-	-	PUNCT
ftr-315	433	33	tax	tax	NOUN
ftr-315	433	34	carry	carry	NOUN
ftr-315	433	35	.	.	PUNCT
ftr-315	434	1	if	if	SCONJ
ftr-315	434	2	the	the	DET
ftr-315	434	3	tax	tax	NOUN
ftr-315	434	4	rate	rate	NOUN
ftr-315	434	5	applicable	applicable	ADJ
ftr-315	434	6	to	to	ADP
ftr-315	434	7	the	the	DET
ftr-315	434	8	gp	gp	NOUN
ftr-315	434	9	’s	’s	PART
ftr-315	434	10	carry	carry	NOUN
ftr-315	434	11	is	be	AUX
ftr-315	434	12	40	40	NUM
ftr-315	434	13	percent	percent	NOUN
ftr-315	434	14	,	,	PUNCT
ftr-315	434	15	the	the	DET
ftr-315	434	16	gp	gp	NOUN
ftr-315	434	17	’s	’s	PART
ftr-315	434	18	clawback	clawback	NOUN
ftr-315	434	19	exposure	exposure	NOUN
ftr-315	434	20	is	be	AUX
ftr-315	434	21	only	only	ADV
ftr-315	434	22	$	$	SYM
ftr-315	434	23	18	18	NUM
ftr-315	434	24	.	.	PUNCT
ftr-315	435	1	as	as	ADP
ftr-315	435	2	a	a	DET
ftr-315	435	3	result	result	NOUN
ftr-315	435	4	,	,	PUNCT
ftr-315	435	5	the	the	DET
ftr-315	435	6	gp	gp	NOUN
ftr-315	435	7	’s	’s	PART
ftr-315	435	8	carry	carry	NOUN
ftr-315	435	9	becomes	become	VERB
ftr-315	435	10	an	an	DET
ftr-315	435	11	out	out	ADV
ftr-315	435	12	-	-	PUNCT
ftr-315	435	13	of	of	ADP
ftr-315	435	14	-	-	PUNCT
ftr-315	435	15	the	the	DET
ftr-315	435	16	-	-	PUNCT
ftr-315	435	17	money	money	NOUN
ftr-315	435	18	option	option	NOUN
ftr-315	435	19	when	when	SCONJ
ftr-315	435	20	the	the	DET
ftr-315	435	21	clawback	clawback	NOUN
ftr-315	435	22	obligation	obligation	NOUN
ftr-315	435	23	exceeds	exceed	VERB
ftr-315	435	24	$	$	SYM
ftr-315	435	25	18	18	NUM
ftr-315	435	26	(	(	PUNCT
ftr-315	435	27	i.e.	i.e.	X
ftr-315	435	28	,	,	PUNCT
ftr-315	435	29	when	when	SCONJ
ftr-315	435	30	the	the	DET
ftr-315	435	31	value	value	NOUN
ftr-315	435	32	of	of	ADP
ftr-315	435	33	asset	asset	NOUN
ftr-315	435	34	b	b	PROPN
ftr-315	435	35	declines	decline	NOUN
ftr-315	435	36	by	by	ADP
ftr-315	435	37	more	more	ADJ
ftr-315	435	38	than	than	ADP
ftr-315	435	39	$	$	SYM
ftr-315	435	40	90	90	NUM
ftr-315	435	41	,	,	PUNCT
ftr-315	435	42	to	to	ADP
ftr-315	435	43	below	below	ADP
ftr-315	435	44	$	$	SYM
ftr-315	435	45	510	510	NUM
ftr-315	435	46	)	)	PUNCT
ftr-315	435	47	.	.	PUNCT
ftr-315	436	1	recall	recall	VERB
ftr-315	436	2	that	that	SCONJ
ftr-315	436	3	,	,	PUNCT
ftr-315	436	4	when	when	SCONJ
ftr-315	436	5	the	the	DET
ftr-315	436	6	carry	carry	NOUN
ftr-315	436	7	was	be	AUX
ftr-315	436	8	taxed	tax	VERB
ftr-315	436	9	at	at	ADP
ftr-315	436	10	15	15	NUM
ftr-315	436	11	percent	percent	NOUN
ftr-315	436	12	,	,	PUNCT
ftr-315	436	13	the	the	DET
ftr-315	436	14	gp	gp	NOUN
ftr-315	436	15	’s	’s	ADV
ftr-315	436	16	carry	carry	VERB
ftr-315	436	17	only	only	ADV
ftr-315	436	18	became	become	VERB
ftr-315	436	19	an	an	DET
ftr-315	436	20	out	out	ADJ
ftr-315	436	21	-	-	PUNCT
ftr-315	436	22	of	of	ADP
ftr-315	436	23	-	-	PUNCT
ftr-315	436	24	the	the	DET
ftr-315	436	25	-	-	PUNCT
ftr-315	436	26	money	money	NOUN
ftr-315	436	27	option	option	NOUN
ftr-315	436	28	when	when	SCONJ
ftr-315	436	29	the	the	DET
ftr-315	436	30	value	value	NOUN
ftr-315	436	31	of	of	ADP
ftr-315	436	32	asset	asset	NOUN
ftr-315	436	33	b	b	PROPN
ftr-315	436	34	dropped	drop	VERB
ftr-315	436	35	below	below	ADP
ftr-315	436	36	$	$	SYM
ftr-315	436	37	472.50	472.50	NUM
ftr-315	436	38	.	.	PUNCT
ftr-315	437	1	a	a	DET
ftr-315	437	2	comparison	comparison	NOUN
ftr-315	437	3	of	of	ADP
ftr-315	437	4	these	these	DET
ftr-315	437	5	two	two	NUM
ftr-315	437	6	scenarios	scenario	NOUN
ftr-315	437	7	illustrates	illustrate	VERB
ftr-315	437	8	that	that	SCONJ
ftr-315	437	9	,	,	PUNCT
ftr-315	437	10	if	if	SCONJ
ftr-315	437	11	clawbacks	clawback	NOUN
ftr-315	437	12	are	be	AUX
ftr-315	437	13	capped	cap	VERB
ftr-315	437	14	at	at	ADP
ftr-315	437	15	the	the	DET
ftr-315	437	16	gp	gp	NOUN
ftr-315	437	17	’s	’s	PART
ftr-315	437	18	after	after	ADP
ftr-315	437	19	-	-	PUNCT
ftr-315	437	20	tax	tax	NOUN
ftr-315	437	21	carry	carry	NOUN
ftr-315	437	22	,	,	PUNCT
ftr-315	437	23	the	the	DET
ftr-315	437	24	carry	carry	NOUN
ftr-315	437	25	subject	subject	NOUN
ftr-315	437	26	to	to	ADP
ftr-315	437	27	tax	tax	NOUN
ftr-315	437	28	at	at	ADP
ftr-315	437	29	40	40	NUM
ftr-315	437	30	percent	percent	NOUN
ftr-315	437	31	will	will	AUX
ftr-315	437	32	create	create	VERB
ftr-315	437	33	a	a	DET
ftr-315	437	34	stronger	strong	ADJ
ftr-315	437	35	incentive	incentive	NOUN
ftr-315	437	36	for	for	ADP
ftr-315	437	37	risktaking	risktake	VERB
ftr-315	437	38	than	than	ADP
ftr-315	437	39	a	a	DET
ftr-315	437	40	carry	carry	NOUN
ftr-315	437	41	subject	subject	NOUN
ftr-315	437	42	to	to	ADP
ftr-315	437	43	tax	tax	NOUN
ftr-315	437	44	at	at	ADP
ftr-315	437	45	15	15	NUM
ftr-315	437	46	percent	percent	NOUN
ftr-315	437	47	.	.	PUNCT
ftr-315	438	1	thus	thus	ADV
ftr-315	438	2	,	,	PUNCT
ftr-315	438	3	if	if	SCONJ
ftr-315	438	4	a	a	DET
ftr-315	438	5	clawback	clawback	NOUN
ftr-315	438	6	obligation	obligation	NOUN
ftr-315	438	7	is	be	AUX
ftr-315	438	8	capped	cap	VERB
ftr-315	438	9	by	by	ADP
ftr-315	438	10	the	the	DET
ftr-315	438	11	gp	gp	NOUN
ftr-315	438	12	’s	’s	PART
ftr-315	438	13	after	after	ADP
ftr-315	438	14	-	-	PUNCT
ftr-315	438	15	tax	tax	NOUN
ftr-315	438	16	carry	carry	NOUN
ftr-315	438	17	,	,	PUNCT
ftr-315	438	18	as	as	ADP
ftr-315	438	19	the	the	DET
ftr-315	438	20	tax	tax	NOUN
ftr-315	438	21	rate	rate	NOUN
ftr-315	438	22	applicable	applicable	ADJ
ftr-315	438	23	to	to	ADP
ftr-315	438	24	the	the	DET
ftr-315	438	25	gp	gp	NOUN
ftr-315	438	26	’s	’s	PART
ftr-315	438	27	carry	carry	NOUN
ftr-315	438	28	increases	increase	NOUN
ftr-315	438	29	,	,	PUNCT
ftr-315	438	30	the	the	DET
ftr-315	438	31	gp	gp	NOUN
ftr-315	438	32	becomes	become	VERB
ftr-315	438	33	increasingly	increasingly	ADV
ftr-315	438	34	likely	likely	ADJ
ftr-315	438	35	to	to	PART
ftr-315	438	36	have	have	VERB
ftr-315	438	37	an	an	DET
ftr-315	438	38	incentive	incentive	NOUN
ftr-315	438	39	for	for	ADP
ftr-315	438	40	risk	risk	NOUN
ftr-315	438	41	-	-	PUNCT
ftr-315	438	42	taking	taking	NOUN
ftr-315	438	43	that	that	PRON
ftr-315	438	44	could	could	AUX
ftr-315	438	45	inure	inure	VERB
ftr-315	438	46	to	to	ADP
ftr-315	438	47	the	the	DET
ftr-315	438	48	detriment	detriment	NOUN
ftr-315	438	49	of	of	ADP
ftr-315	438	50	the	the	DET
ftr-315	438	51	lps	lps	PROPN
ftr-315	438	52	.	.	PUNCT
ftr-315	439	1	because	because	SCONJ
ftr-315	439	2	gps	gps	NOUN
ftr-315	439	3	are	be	AUX
ftr-315	439	4	often	often	ADV
ftr-315	439	5	repeat	repeat	NOUN
ftr-315	439	6	players	player	NOUN
ftr-315	439	7	in	in	ADP
ftr-315	439	8	the	the	DET
ftr-315	439	9	fund	fund	NOUN
ftr-315	439	10	business	business	NOUN
ftr-315	439	11	,	,	PUNCT
ftr-315	439	12	it	it	PRON
ftr-315	439	13	is	be	AUX
ftr-315	439	14	possible	possible	ADJ
ftr-315	439	15	that	that	SCONJ
ftr-315	439	16	the	the	DET
ftr-315	439	17	reputational	reputational	ADJ
ftr-315	439	18	markets	market	NOUN
ftr-315	439	19	could	could	AUX
ftr-315	439	20	dampen	dampen	VERB
ftr-315	439	21	the	the	DET
ftr-315	439	22	gp	gp	NOUN
ftr-315	439	23	’s	’s	PART
ftr-315	439	24	risk	risk	NOUN
ftr-315	439	25	-	-	PUNCT
ftr-315	439	26	taking	take	VERB
ftr-315	439	27	incentive.75	incentive.75	ADJ
ftr-315	439	28	if	if	SCONJ
ftr-315	439	29	,	,	PUNCT
ftr-315	439	30	however	however	ADV
ftr-315	439	31	,	,	PUNCT
ftr-315	439	32	the	the	DET
ftr-315	439	33	value	value	NOUN
ftr-315	439	34	of	of	ADP
ftr-315	439	35	the	the	DET
ftr-315	439	36	fund	fund	NOUN
ftr-315	439	37	assets	asset	NOUN
ftr-315	439	38	decline	decline	VERB
ftr-315	439	39	enough	enough	ADV
ftr-315	439	40	to	to	PART
ftr-315	439	41	turn	turn	VERB
ftr-315	439	42	the	the	DET
ftr-315	439	43	gp	gp	NOUN
ftr-315	439	44	’s	’s	PART
ftr-315	439	45	carry	carry	VERB
ftr-315	439	46	into	into	ADP
ftr-315	439	47	an	an	DET
ftr-315	439	48	out	out	ADJ
ftr-315	439	49	-	-	PUNCT
ftr-315	439	50	of	of	ADP
ftr-315	439	51	-	-	PUNCT
ftr-315	439	52	the	the	DET
ftr-315	439	53	-	-	PUNCT
ftr-315	439	54	money	money	NOUN
ftr-315	439	55	option	option	NOUN
ftr-315	439	56	,	,	PUNCT
ftr-315	439	57	the	the	DET
ftr-315	439	58	fund	fund	NOUN
ftr-315	439	59	is	be	AUX
ftr-315	439	60	likely	likely	ADV
ftr-315	439	61	already	already	ADV
ftr-315	439	62	having	have	VERB
ftr-315	439	63	trouble	trouble	NOUN
ftr-315	439	64	(	(	PUNCT
ftr-315	439	65	although	although	ADV
ftr-315	439	66	,	,	PUNCT
ftr-315	439	67	the	the	PRON
ftr-315	439	68	higher	high	ADJ
ftr-315	439	69	the	the	DET
ftr-315	439	70	tax	tax	NOUN
ftr-315	439	71	rates	rate	NOUN
ftr-315	439	72	on	on	ADP
ftr-315	439	73	the	the	DET
ftr-315	439	74	carry	carry	NOUN
ftr-315	439	75	,	,	PUNCT
ftr-315	439	76	the	the	DET
ftr-315	439	77	less	less	ADJ
ftr-315	439	78	trouble	trouble	NOUN
ftr-315	439	79	the	the	DET
ftr-315	439	80	fund	fund	NOUN
ftr-315	439	81	needs	need	VERB
ftr-315	439	82	to	to	PART
ftr-315	439	83	be	be	AUX
ftr-315	439	84	in	in	ADP
ftr-315	439	85	before	before	SCONJ
ftr-315	439	86	the	the	DET
ftr-315	439	87	carry	carry	NOUN
ftr-315	439	88	turns	turn	VERB
ftr-315	439	89	into	into	ADP
ftr-315	439	90	an	an	DET
ftr-315	439	91	out	out	ADJ
ftr-315	439	92	-	-	PUNCT
ftr-315	439	93	of	of	ADP
ftr-315	439	94	-	-	PUNCT
ftr-315	439	95	themoney	themoney	NOUN
ftr-315	439	96	option	option	NOUN
ftr-315	439	97	)	)	PUNCT
ftr-315	439	98	.	.	PUNCT
ftr-315	440	1	troubled	troubled	ADJ
ftr-315	440	2	fund	fund	NOUN
ftr-315	440	3	performance	performance	NOUN
ftr-315	440	4	,	,	PUNCT
ftr-315	440	5	by	by	ADP
ftr-315	440	6	itself	itself	PRON
ftr-315	440	7	,	,	PUNCT
ftr-315	440	8	creates	create	VERB
ftr-315	440	9	adverse	adverse	ADJ
ftr-315	440	10	reputational	reputational	ADJ
ftr-315	440	11	consequences	consequence	NOUN
ftr-315	440	12	.	.	PUNCT
ftr-315	441	1	thus	thus	ADV
ftr-315	441	2	,	,	PUNCT
ftr-315	441	3	query	query	NOUN
ftr-315	441	4	to	to	ADP
ftr-315	441	5	what	what	DET
ftr-315	441	6	extent	extent	NOUN
ftr-315	441	7	the	the	DET
ftr-315	441	8	possibility	possibility	NOUN
ftr-315	441	9	of	of	ADP
ftr-315	441	10	additional	additional	ADJ
ftr-315	441	11	market	market	NOUN
ftr-315	441	12	sanctions	sanction	NOUN
ftr-315	441	13	is	be	AUX
ftr-315	441	14	likely	likely	ADJ
ftr-315	441	15	to	to	PART
ftr-315	441	16	affect	affect	VERB
ftr-315	441	17	the	the	DET
ftr-315	441	18	gp	gp	NOUN
ftr-315	441	19	’s	’s	PART
ftr-315	441	20	risk	risk	NOUN
ftr-315	441	21	-	-	PUNCT
ftr-315	441	22	taking	take	VERB
ftr-315	441	23	choices	choice	NOUN
ftr-315	441	24	.	.	PUNCT
ftr-315	442	1	73	73	NUM
ftr-315	442	2	.	.	PUNCT
ftr-315	443	1	these	these	DET
ftr-315	443	2	numbers	number	NOUN
ftr-315	443	3	could	could	AUX
ftr-315	443	4	be	be	AUX
ftr-315	443	5	larger	large	ADJ
ftr-315	443	6	if	if	SCONJ
ftr-315	443	7	early	early	ADJ
ftr-315	443	8	transactions	transaction	NOUN
ftr-315	443	9	produced	produce	VERB
ftr-315	443	10	larger	large	ADJ
ftr-315	443	11	profits	profit	NOUN
ftr-315	443	12	because	because	SCONJ
ftr-315	443	13	of	of	ADP
ftr-315	443	14	an	an	DET
ftr-315	443	15	increase	increase	NOUN
ftr-315	443	16	in	in	ADP
ftr-315	443	17	the	the	DET
ftr-315	443	18	tax	tax	NOUN
ftr-315	443	19	paid	pay	VERB
ftr-315	443	20	(	(	PUNCT
ftr-315	443	21	or	or	CCONJ
ftr-315	443	22	assumed	assume	VERB
ftr-315	443	23	paid	pay	VERB
ftr-315	443	24	)	)	PUNCT
ftr-315	443	25	on	on	ADP
ftr-315	443	26	those	those	DET
ftr-315	443	27	profits	profit	NOUN
ftr-315	443	28	.	.	PUNCT
ftr-315	444	1	this	this	PRON
ftr-315	444	2	increases	increase	VERB
ftr-315	444	3	the	the	DET
ftr-315	444	4	amount	amount	NOUN
ftr-315	444	5	of	of	ADP
ftr-315	444	6	the	the	DET
ftr-315	444	7	distributed	distribute	VERB
ftr-315	444	8	carry	carry	NOUN
ftr-315	444	9	that	that	PRON
ftr-315	444	10	could	could	AUX
ftr-315	444	11	not	not	PART
ftr-315	444	12	be	be	AUX
ftr-315	444	13	recouped	recoup	VERB
ftr-315	444	14	under	under	ADP
ftr-315	444	15	the	the	DET
ftr-315	444	16	clawback	clawback	NOUN
ftr-315	444	17	,	,	PUNCT
ftr-315	444	18	and	and	CCONJ
ftr-315	444	19	thus	thus	ADV
ftr-315	444	20	increases	increase	VERB
ftr-315	444	21	the	the	DET
ftr-315	444	22	amount	amount	NOUN
ftr-315	444	23	of	of	ADP
ftr-315	444	24	losses	loss	NOUN
ftr-315	444	25	that	that	PRON
ftr-315	444	26	could	could	AUX
ftr-315	444	27	be	be	AUX
ftr-315	444	28	shifted	shift	VERB
ftr-315	444	29	to	to	ADP
ftr-315	444	30	the	the	DET
ftr-315	444	31	lps	lps	PROPN
ftr-315	444	32	.	.	PUNCT
ftr-315	445	1	74	74	NUM
ftr-315	445	2	.	.	PUNCT
ftr-315	446	1	again	again	ADV
ftr-315	446	2	,	,	PUNCT
ftr-315	446	3	when	when	SCONJ
ftr-315	446	4	dealing	deal	VERB
ftr-315	446	5	with	with	ADP
ftr-315	446	6	dollar	dollar	NOUN
ftr-315	446	7	numbers	number	NOUN
ftr-315	446	8	that	that	PRON
ftr-315	446	9	are	be	AUX
ftr-315	446	10	more	more	ADV
ftr-315	446	11	realistic	realistic	ADJ
ftr-315	446	12	(	(	PUNCT
ftr-315	446	13	e.g.	e.g.	ADJ
ftr-315	446	14	,	,	PUNCT
ftr-315	446	15	four	four	NUM
ftr-315	446	16	or	or	CCONJ
ftr-315	446	17	five	five	NUM
ftr-315	446	18	orders	order	NOUN
ftr-315	446	19	of	of	ADP
ftr-315	446	20	magnitude	magnitude	NOUN
ftr-315	446	21	larger	large	ADJ
ftr-315	446	22	)	)	PUNCT
ftr-315	446	23	,	,	PUNCT
ftr-315	446	24	the	the	DET
ftr-315	446	25	effects	effect	NOUN
ftr-315	446	26	described	describe	VERB
ftr-315	446	27	herein	herein	NOUN
ftr-315	446	28	could	could	AUX
ftr-315	446	29	lead	lead	VERB
ftr-315	446	30	to	to	ADP
ftr-315	446	31	significant	significant	ADJ
ftr-315	446	32	economic	economic	ADJ
ftr-315	446	33	losses	loss	NOUN
ftr-315	446	34	for	for	ADP
ftr-315	446	35	lps	lps	PROPN
ftr-315	446	36	.	.	PUNCT
ftr-315	447	1	75	75	NUM
ftr-315	447	2	.	.	PUNCT
ftr-315	448	1	see	see	VERB
ftr-315	448	2	gilson	gilson	PROPN
ftr-315	448	3	,	,	PUNCT
ftr-315	448	4	venture	venture	NOUN
ftr-315	448	5	capital	capital	NOUN
ftr-315	448	6	market	market	NOUN
ftr-315	448	7	,	,	PUNCT
ftr-315	448	8	supra	supra	PROPN
ftr-315	448	9	note	note	PROPN
ftr-315	448	10	17	17	NUM
ftr-315	448	11	,	,	PUNCT
ftr-315	448	12	at	at	ADP
ftr-315	448	13	1090	1090	NUM
ftr-315	448	14	(	(	PUNCT
ftr-315	448	15	discussing	discuss	VERB
ftr-315	448	16	the	the	DET
ftr-315	448	17	operation	operation	NOUN
ftr-315	448	18	of	of	ADP
ftr-315	448	19	the	the	DET
ftr-315	448	20	“	"	PUNCT
ftr-315	448	21	reputation	reputation	NOUN
ftr-315	448	22	market	market	NOUN
ftr-315	448	23	”	"	PUNCT
ftr-315	448	24	as	as	ADP
ftr-315	448	25	a	a	DET
ftr-315	448	26	constraint	constraint	NOUN
ftr-315	448	27	on	on	ADP
ftr-315	448	28	risk	risk	NOUN
ftr-315	448	29	-	-	PUNCT
ftr-315	448	30	taking	take	VERB
ftr-315	448	31	behavior	behavior	NOUN
ftr-315	448	32	)	)	PUNCT
ftr-315	448	33	;	;	PUNCT
ftr-315	448	34	fleischer	fleischer	NOUN
ftr-315	448	35	,	,	PUNCT
ftr-315	448	36	preferred	preferred	ADJ
ftr-315	448	37	return	return	NOUN
ftr-315	448	38	,	,	PUNCT
ftr-315	448	39	supra	supra	PROPN
ftr-315	448	40	note	note	NOUN
ftr-315	448	41	51	51	NUM
ftr-315	448	42	,	,	PUNCT
ftr-315	448	43	at	at	ADP
ftr-315	448	44	101–02	101–02	NUM
ftr-315	448	45	.	.	PUNCT
ftr-315	449	1	as	as	SCONJ
ftr-315	449	2	mentioned	mention	VERB
ftr-315	449	3	earlier	early	ADV
ftr-315	449	4	,	,	PUNCT
ftr-315	449	5	capital	capital	NOUN
ftr-315	449	6	contributions	contribution	NOUN
ftr-315	449	7	made	make	VERB
ftr-315	449	8	by	by	ADP
ftr-315	449	9	the	the	DET
ftr-315	449	10	gp	gp	NOUN
ftr-315	449	11	can	can	AUX
ftr-315	449	12	also	also	ADV
ftr-315	449	13	serve	serve	VERB
ftr-315	449	14	as	as	ADP
ftr-315	449	15	a	a	DET
ftr-315	449	16	check	check	NOUN
ftr-315	449	17	on	on	ADP
ftr-315	449	18	gp	gp	NOUN
ftr-315	449	19	risk	risk	NOUN
ftr-315	449	20	-	-	PUNCT
ftr-315	449	21	taking	take	VERB
ftr-315	449	22	behavior	behavior	NOUN
ftr-315	449	23	.	.	PUNCT
ftr-315	450	1	see	see	VERB
ftr-315	450	2	supra	supra	PROPN
ftr-315	450	3	note	note	PROPN
ftr-315	450	4	39	39	NUM
ftr-315	450	5	.	.	PUNCT
ftr-315	450	6	2012	2012	NUM
ftr-315	450	7	]	]	PUNCT
ftr-315	450	8	“	"	PUNCT
ftr-315	450	9	carried	carry	VERB
ftr-315	450	10	interest	interest	NOUN
ftr-315	450	11	”	"	PUNCT
ftr-315	450	12	tax	tax	NOUN
ftr-315	450	13	proposals	proposal	NOUN
ftr-315	450	14	25	25	NUM
ftr-315	450	15	3	3	NUM
ftr-315	450	16	.	.	PUNCT
ftr-315	451	1	recommendations	recommendation	NOUN
ftr-315	451	2	for	for	ADP
ftr-315	451	3	fund	fund	NOUN
ftr-315	451	4	investors	investor	NOUN
ftr-315	451	5	regarding	regard	VERB
ftr-315	451	6	clawbacks	clawback	NOUN
ftr-315	451	7	increased	increase	VERB
ftr-315	451	8	loss	loss	NOUN
ftr-315	451	9	-	-	PUNCT
ftr-315	451	10	shifting	shifting	NOUN
ftr-315	451	11	seems	seem	VERB
ftr-315	451	12	likely	likely	ADJ
ftr-315	451	13	to	to	PART
ftr-315	451	14	be	be	AUX
ftr-315	451	15	more	more	ADV
ftr-315	451	16	problematic	problematic	ADJ
ftr-315	451	17	for	for	ADP
ftr-315	451	18	lps	lps	PROPN
ftr-315	451	19	than	than	SCONJ
ftr-315	451	20	increased	increase	VERB
ftr-315	451	21	risk	risk	NOUN
ftr-315	451	22	-	-	PUNCT
ftr-315	451	23	taking,76	taking,76	VERB
ftr-315	451	24	and	and	CCONJ
ftr-315	451	25	each	each	DET
ftr-315	451	26	concern	concern	NOUN
ftr-315	451	27	will	will	AUX
ftr-315	451	28	be	be	AUX
ftr-315	451	29	more	more	ADV
ftr-315	451	30	problematic	problematic	ADJ
ftr-315	451	31	for	for	ADP
ftr-315	451	32	some	some	DET
ftr-315	451	33	lps	lps	PROPN
ftr-315	451	34	and	and	CCONJ
ftr-315	451	35	less	less	ADV
ftr-315	451	36	problematic	problematic	ADJ
ftr-315	451	37	for	for	ADP
ftr-315	451	38	others	other	NOUN
ftr-315	451	39	.	.	PUNCT
ftr-315	452	1	ultimately	ultimately	ADV
ftr-315	452	2	,	,	PUNCT
ftr-315	452	3	the	the	DET
ftr-315	452	4	degree	degree	NOUN
ftr-315	452	5	of	of	ADP
ftr-315	452	6	concern	concern	NOUN
ftr-315	452	7	depends	depend	VERB
ftr-315	452	8	on	on	ADP
ftr-315	452	9	a	a	DET
ftr-315	452	10	wide	wide	ADJ
ftr-315	452	11	variety	variety	NOUN
ftr-315	452	12	of	of	ADP
ftr-315	452	13	factors	factor	NOUN
ftr-315	452	14	including	include	VERB
ftr-315	452	15	the	the	DET
ftr-315	452	16	fund	fund	NOUN
ftr-315	452	17	’s	’s	PART
ftr-315	452	18	distribution	distribution	NOUN
ftr-315	452	19	scheme	scheme	NOUN
ftr-315	452	20	(	(	PUNCT
ftr-315	452	21	including	include	VERB
ftr-315	452	22	the	the	DET
ftr-315	452	23	timing	timing	NOUN
ftr-315	452	24	of	of	ADP
ftr-315	452	25	the	the	DET
ftr-315	452	26	distribution	distribution	NOUN
ftr-315	452	27	of	of	ADP
ftr-315	452	28	the	the	DET
ftr-315	452	29	carry	carry	NOUN
ftr-315	452	30	)	)	PUNCT
ftr-315	452	31	,	,	PUNCT
ftr-315	452	32	the	the	DET
ftr-315	452	33	expected	expect	VERB
ftr-315	452	34	timing	timing	NOUN
ftr-315	452	35	of	of	ADP
ftr-315	452	36	the	the	DET
ftr-315	452	37	fund	fund	NOUN
ftr-315	452	38	’s	’s	PART
ftr-315	452	39	exits	exit	VERB
ftr-315	452	40	from	from	ADP
ftr-315	452	41	various	various	ADJ
ftr-315	452	42	investments	investment	NOUN
ftr-315	452	43	,	,	PUNCT
ftr-315	452	44	the	the	DET
ftr-315	452	45	expected	expect	VERB
ftr-315	452	46	volatility	volatility	NOUN
ftr-315	452	47	of	of	ADP
ftr-315	452	48	the	the	DET
ftr-315	452	49	fund	fund	NOUN
ftr-315	452	50	,	,	PUNCT
ftr-315	452	51	the	the	DET
ftr-315	452	52	lps	lps	PROPN
ftr-315	452	53	’	'	PUNCT
ftr-315	452	54	risk	risk	NOUN
ftr-315	452	55	preferences	preference	NOUN
ftr-315	452	56	,	,	PUNCT
ftr-315	452	57	and	and	CCONJ
ftr-315	452	58	the	the	DET
ftr-315	452	59	strength	strength	NOUN
ftr-315	452	60	of	of	ADP
ftr-315	452	61	the	the	DET
ftr-315	452	62	reputational	reputational	ADJ
ftr-315	452	63	and	and	CCONJ
ftr-315	452	64	other	other	ADJ
ftr-315	452	65	contractual	contractual	ADJ
ftr-315	452	66	constraints	constraint	NOUN
ftr-315	452	67	on	on	ADP
ftr-315	452	68	the	the	DET
ftr-315	452	69	gp	gp	NOUN
ftr-315	452	70	’s	’s	PART
ftr-315	452	71	behavior	behavior	NOUN
ftr-315	452	72	.	.	PUNCT
ftr-315	453	1	for	for	ADP
ftr-315	453	2	funds	fund	NOUN
ftr-315	453	3	in	in	ADP
ftr-315	453	4	which	which	PRON
ftr-315	453	5	the	the	DET
ftr-315	453	6	lps	lps	PROPN
ftr-315	453	7	are	be	AUX
ftr-315	453	8	concerned	concerned	ADJ
ftr-315	453	9	about	about	ADP
ftr-315	453	10	the	the	DET
ftr-315	453	11	potential	potential	ADJ
ftr-315	453	12	loss	loss	NOUN
ftr-315	453	13	-	-	PUNCT
ftr-315	453	14	shifting	shift	VERB
ftr-315	453	15	and/or	and/or	CCONJ
ftr-315	453	16	risk	risk	NOUN
ftr-315	453	17	-	-	PUNCT
ftr-315	453	18	taking	take	VERB
ftr-315	453	19	issues	issue	NOUN
ftr-315	453	20	that	that	PRON
ftr-315	453	21	arise	arise	VERB
ftr-315	453	22	from	from	ADP
ftr-315	453	23	an	an	DET
ftr-315	453	24	increase	increase	NOUN
ftr-315	453	25	in	in	ADP
ftr-315	453	26	the	the	DET
ftr-315	453	27	tax	tax	NOUN
ftr-315	453	28	rate	rate	NOUN
ftr-315	453	29	on	on	ADP
ftr-315	453	30	the	the	DET
ftr-315	453	31	gp	gp	NOUN
ftr-315	453	32	’s	’s	PART
ftr-315	453	33	carried	carry	VERB
ftr-315	453	34	interest	interest	NOUN
ftr-315	453	35	,	,	PUNCT
ftr-315	453	36	the	the	DET
ftr-315	453	37	lps	lps	PROPN
ftr-315	453	38	can	can	AUX
ftr-315	453	39	try	try	VERB
ftr-315	453	40	to	to	PART
ftr-315	453	41	mitigate	mitigate	VERB
ftr-315	453	42	these	these	DET
ftr-315	453	43	issues	issue	NOUN
ftr-315	453	44	by	by	ADP
ftr-315	453	45	negotiating	negotiate	VERB
ftr-315	453	46	about	about	ADP
ftr-315	453	47	the	the	DET
ftr-315	453	48	terms	term	NOUN
ftr-315	453	49	of	of	ADP
ftr-315	453	50	the	the	DET
ftr-315	453	51	carry	carry	NOUN
ftr-315	453	52	and	and	CCONJ
ftr-315	453	53	the	the	DET
ftr-315	453	54	clawback	clawback	NOUN
ftr-315	453	55	.	.	PUNCT
ftr-315	454	1	several	several	ADJ
ftr-315	454	2	potential	potential	ADJ
ftr-315	454	3	approaches	approach	NOUN
ftr-315	454	4	are	be	AUX
ftr-315	454	5	available	available	ADJ
ftr-315	454	6	.	.	PUNCT
ftr-315	455	1	(	(	PUNCT
ftr-315	455	2	a	a	X
ftr-315	455	3	)	)	PUNCT
ftr-315	455	4	revise	revise	VERB
ftr-315	455	5	how	how	SCONJ
ftr-315	455	6	the	the	DET
ftr-315	455	7	carry	carry	NOUN
ftr-315	455	8	is	be	AUX
ftr-315	455	9	calculated	calculate	VERB
ftr-315	455	10	one	one	NUM
ftr-315	455	11	way	way	NOUN
ftr-315	455	12	for	for	SCONJ
ftr-315	455	13	lps	lps	PROPN
ftr-315	455	14	to	to	PART
ftr-315	455	15	respond	respond	VERB
ftr-315	455	16	to	to	ADP
ftr-315	455	17	the	the	DET
ftr-315	455	18	potential	potential	ADJ
ftr-315	455	19	consequences	consequence	NOUN
ftr-315	455	20	of	of	ADP
ftr-315	455	21	higher	high	ADJ
ftr-315	455	22	taxes	taxis	NOUN
ftr-315	455	23	on	on	ADP
ftr-315	455	24	carried	carry	VERB
ftr-315	455	25	interests	interest	NOUN
ftr-315	455	26	is	be	AUX
ftr-315	455	27	to	to	PART
ftr-315	455	28	negotiate	negotiate	VERB
ftr-315	455	29	about	about	ADP
ftr-315	455	30	how	how	SCONJ
ftr-315	455	31	the	the	DET
ftr-315	455	32	gp	gp	NOUN
ftr-315	455	33	’s	’s	PART
ftr-315	455	34	carry	carry	NOUN
ftr-315	455	35	is	be	AUX
ftr-315	455	36	calculated	calculate	VERB
ftr-315	455	37	during	during	ADP
ftr-315	455	38	the	the	DET
ftr-315	455	39	life	life	NOUN
ftr-315	455	40	of	of	ADP
ftr-315	455	41	the	the	DET
ftr-315	455	42	fund	fund	NOUN
ftr-315	455	43	.	.	PUNCT
ftr-315	456	1	the	the	DET
ftr-315	456	2	objective	objective	NOUN
ftr-315	456	3	of	of	ADP
ftr-315	456	4	this	this	DET
ftr-315	456	5	negotiation	negotiation	NOUN
ftr-315	456	6	should	should	AUX
ftr-315	456	7	be	be	AUX
ftr-315	456	8	to	to	PART
ftr-315	456	9	make	make	VERB
ftr-315	456	10	the	the	DET
ftr-315	456	11	interim	interim	ADJ
ftr-315	456	12	carry	carry	NOUN
ftr-315	456	13	calculations	calculation	NOUN
ftr-315	456	14	as	as	ADP
ftr-315	456	15	reflective	reflective	ADJ
ftr-315	456	16	of	of	ADP
ftr-315	456	17	the	the	DET
ftr-315	456	18	funds	fund	NOUN
ftr-315	456	19	’	'	PUNCT
ftr-315	456	20	true	true	ADJ
ftr-315	456	21	net	net	ADJ
ftr-315	456	22	peformance	peformance	NOUN
ftr-315	456	23	as	as	ADP
ftr-315	456	24	possible	possible	ADJ
ftr-315	456	25	,	,	PUNCT
ftr-315	456	26	thereby	thereby	ADV
ftr-315	456	27	reducing	reduce	VERB
ftr-315	456	28	the	the	DET
ftr-315	456	29	likelihood	likelihood	NOUN
ftr-315	456	30	that	that	SCONJ
ftr-315	456	31	the	the	DET
ftr-315	456	32	gp	gp	NOUN
ftr-315	456	33	receives	receive	VERB
ftr-315	456	34	an	an	DET
ftr-315	456	35	over	over	ADP
ftr-315	456	36	-	-	PUNCT
ftr-315	456	37	allocation	allocation	NOUN
ftr-315	456	38	and	and	CCONJ
ftr-315	456	39	over	over	ADP
ftr-315	456	40	-	-	PUNCT
ftr-315	456	41	distribution	distribution	NOUN
ftr-315	456	42	of	of	ADP
ftr-315	456	43	carry	carry	NOUN
ftr-315	456	44	.	.	PUNCT
ftr-315	457	1	for	for	ADP
ftr-315	457	2	example	example	NOUN
ftr-315	457	3	,	,	PUNCT
ftr-315	457	4	assuming	assume	VERB
ftr-315	457	5	that	that	SCONJ
ftr-315	457	6	the	the	DET
ftr-315	457	7	economic	economic	ADJ
ftr-315	457	8	deal	deal	NOUN
ftr-315	457	9	between	between	ADP
ftr-315	457	10	the	the	DET
ftr-315	457	11	parties	party	NOUN
ftr-315	457	12	is	be	AUX
ftr-315	457	13	that	that	SCONJ
ftr-315	457	14	the	the	DET
ftr-315	457	15	gp	gp	NOUN
ftr-315	457	16	’s	’s	PART
ftr-315	457	17	carry	carry	NOUN
ftr-315	457	18	should	should	AUX
ftr-315	457	19	be	be	AUX
ftr-315	457	20	20	20	NUM
ftr-315	457	21	percent	percent	NOUN
ftr-315	457	22	of	of	ADP
ftr-315	457	23	the	the	DET
ftr-315	457	24	aggregate	aggregate	ADJ
ftr-315	457	25	profits	profit	NOUN
ftr-315	457	26	of	of	ADP
ftr-315	457	27	the	the	DET
ftr-315	457	28	fund	fund	NOUN
ftr-315	457	29	over	over	ADP
ftr-315	457	30	the	the	DET
ftr-315	457	31	fund	fund	NOUN
ftr-315	457	32	’s	’s	PART
ftr-315	457	33	entire	entire	ADJ
ftr-315	457	34	lifetime	lifetime	NOUN
ftr-315	457	35	,	,	PUNCT
ftr-315	457	36	the	the	DET
ftr-315	457	37	gp	gp	NOUN
ftr-315	457	38	’s	’s	PART
ftr-315	457	39	carry	carry	VERB
ftr-315	457	40	for	for	ADP
ftr-315	457	41	any	any	DET
ftr-315	457	42	particular	particular	ADJ
ftr-315	457	43	period	period	NOUN
ftr-315	457	44	could	could	AUX
ftr-315	457	45	be	be	AUX
ftr-315	457	46	calculated	calculate	VERB
ftr-315	457	47	on	on	ADP
ftr-315	457	48	a	a	DET
ftr-315	457	49	cumulative	cumulative	ADJ
ftr-315	457	50	basis	basis	NOUN
ftr-315	457	51	(	(	PUNCT
ftr-315	457	52	rather	rather	ADV
ftr-315	457	53	than	than	ADP
ftr-315	457	54	on	on	ADP
ftr-315	457	55	a	a	DET
ftr-315	457	56	deal	deal	NOUN
ftr-315	457	57	-	-	PUNCT
ftr-315	457	58	by	by	ADP
ftr-315	457	59	-	-	PUNCT
ftr-315	457	60	deal	deal	NOUN
ftr-315	457	61	or	or	CCONJ
ftr-315	457	62	year	year	NOUN
ftr-315	457	63	-	-	PUNCT
ftr-315	457	64	byyear	byyear	NOUN
ftr-315	457	65	basis	basis	NOUN
ftr-315	457	66	)	)	PUNCT
ftr-315	457	67	,	,	PUNCT
ftr-315	457	68	taking	take	VERB
ftr-315	457	69	into	into	ADP
ftr-315	457	70	account	account	NOUN
ftr-315	457	71	at	at	ADP
ftr-315	457	72	least	least	ADJ
ftr-315	457	73	some	some	PRON
ftr-315	457	74	prior	prior	ADJ
ftr-315	457	75	year	year	NOUN
ftr-315	457	76	losses	loss	NOUN
ftr-315	457	77	(	(	PUNCT
ftr-315	457	78	if	if	SCONJ
ftr-315	457	79	there	there	PRON
ftr-315	457	80	are	be	VERB
ftr-315	457	81	any	any	PRON
ftr-315	457	82	)	)	PUNCT
ftr-315	457	83	.	.	PUNCT
ftr-315	458	1	further	far	ADV
ftr-315	458	2	,	,	PUNCT
ftr-315	458	3	the	the	DET
ftr-315	458	4	gp	gp	NOUN
ftr-315	458	5	’s	’s	PART
ftr-315	458	6	carry	carry	VERB
ftr-315	458	7	for	for	ADP
ftr-315	458	8	any	any	DET
ftr-315	458	9	particular	particular	ADJ
ftr-315	458	10	period	period	NOUN
ftr-315	458	11	could	could	AUX
ftr-315	458	12	take	take	VERB
ftr-315	458	13	into	into	ADP
ftr-315	458	14	account	account	NOUN
ftr-315	458	15	not	not	PART
ftr-315	458	16	only	only	ADV
ftr-315	458	17	that	that	DET
ftr-315	458	18	period	period	NOUN
ftr-315	458	19	’s	’s	PART
ftr-315	458	20	realized	realize	VERB
ftr-315	458	21	gains	gain	NOUN
ftr-315	458	22	and	and	CCONJ
ftr-315	458	23	losses	loss	NOUN
ftr-315	458	24	,	,	PUNCT
ftr-315	458	25	but	but	CCONJ
ftr-315	458	26	also	also	ADV
ftr-315	458	27	any	any	DET
ftr-315	458	28	unrealized	unrealized	ADJ
ftr-315	458	29	losses	loss	NOUN
ftr-315	458	30	.	.	PUNCT
ftr-315	459	1	many	many	ADJ
ftr-315	459	2	funds	fund	NOUN
ftr-315	459	3	already	already	ADV
ftr-315	459	4	take	take	VERB
ftr-315	459	5	one	one	NUM
ftr-315	459	6	or	or	CCONJ
ftr-315	459	7	both	both	PRON
ftr-315	459	8	of	of	ADP
ftr-315	459	9	these	these	DET
ftr-315	459	10	approaches.77	approaches.77	NOUN
ftr-315	459	11	both	both	PRON
ftr-315	459	12	of	of	ADP
ftr-315	459	13	these	these	DET
ftr-315	459	14	alternatives	alternative	NOUN
ftr-315	459	15	could	could	AUX
ftr-315	459	16	reduce	reduce	VERB
ftr-315	459	17	the	the	DET
ftr-315	459	18	gp	gp	NOUN
ftr-315	459	19	’s	’s	PART
ftr-315	459	20	current	current	ADJ
ftr-315	459	21	allocations	allocation	NOUN
ftr-315	459	22	on	on	ADP
ftr-315	459	23	account	account	NOUN
ftr-315	459	24	of	of	ADP
ftr-315	459	25	the	the	DET
ftr-315	459	26	carry	carry	NOUN
ftr-315	459	27	,	,	PUNCT
ftr-315	459	28	thereby	thereby	ADV
ftr-315	459	29	reducing	reduce	VERB
ftr-315	459	30	the	the	DET
ftr-315	459	31	likelihood	likelihood	NOUN
ftr-315	459	32	of	of	ADP
ftr-315	459	33	an	an	DET
ftr-315	459	34	overdistribution	overdistribution	NOUN
ftr-315	459	35	of	of	ADP
ftr-315	459	36	carry	carry	NOUN
ftr-315	459	37	that	that	PRON
ftr-315	459	38	would	would	AUX
ftr-315	459	39	trigger	trigger	VERB
ftr-315	459	40	a	a	DET
ftr-315	459	41	clawback	clawback	NOUN
ftr-315	459	42	.	.	PUNCT
ftr-315	460	1	reducing	reduce	VERB
ftr-315	460	2	the	the	DET
ftr-315	460	3	gp	gp	NOUN
ftr-315	460	4	’s	’s	PART
ftr-315	460	5	current	current	ADJ
ftr-315	460	6	allocations	allocation	NOUN
ftr-315	460	7	on	on	ADP
ftr-315	460	8	account	account	NOUN
ftr-315	460	9	of	of	ADP
ftr-315	460	10	the	the	DET
ftr-315	460	11	carry	carry	NOUN
ftr-315	460	12	would	would	AUX
ftr-315	460	13	also	also	ADV
ftr-315	460	14	reduce	reduce	VERB
ftr-315	460	15	the	the	DET
ftr-315	460	16	amount	amount	NOUN
ftr-315	460	17	of	of	ADP
ftr-315	460	18	tax	tax	NOUN
ftr-315	460	19	paid	pay	VERB
ftr-315	460	20	(	(	PUNCT
ftr-315	460	21	or	or	CCONJ
ftr-315	460	22	assumed	assume	VERB
ftr-315	460	23	paid	pay	VERB
ftr-315	460	24	)	)	PUNCT
ftr-315	460	25	on	on	ADP
ftr-315	460	26	the	the	DET
ftr-315	460	27	carry	carry	NOUN
ftr-315	460	28	,	,	PUNCT
ftr-315	460	29	thus	thus	ADV
ftr-315	460	30	reducing	reduce	VERB
ftr-315	460	31	the	the	DET
ftr-315	460	32	impact	impact	NOUN
ftr-315	460	33	of	of	ADP
ftr-315	460	34	any	any	DET
ftr-315	460	35	after	after	ADP
ftr-315	460	36	-	-	PUNCT
ftr-315	460	37	tax	tax	NOUN
ftr-315	460	38	cap	cap	NOUN
ftr-315	460	39	on	on	ADP
ftr-315	460	40	a	a	DET
ftr-315	460	41	clawback	clawback	NOUN
ftr-315	460	42	obligation	obligation	NOUN
ftr-315	460	43	.	.	PUNCT
ftr-315	461	1	ultimately	ultimately	ADV
ftr-315	461	2	,	,	PUNCT
ftr-315	461	3	the	the	DET
ftr-315	461	4	more	more	ADV
ftr-315	461	5	closely	closely	ADV
ftr-315	461	6	interim	interim	ADJ
ftr-315	461	7	76	76	NUM
ftr-315	461	8	.	.	PUNCT
ftr-315	462	1	this	this	PRON
ftr-315	462	2	is	be	AUX
ftr-315	462	3	because	because	SCONJ
ftr-315	462	4	the	the	DET
ftr-315	462	5	latter	latter	NOUN
ftr-315	462	6	is	be	AUX
ftr-315	462	7	a	a	DET
ftr-315	462	8	shift	shift	NOUN
ftr-315	462	9	in	in	ADP
ftr-315	462	10	pre	pre	ADJ
ftr-315	462	11	-	-	ADJ
ftr-315	462	12	existing	exist	VERB
ftr-315	462	13	behavioral	behavioral	ADJ
ftr-315	462	14	incentives	incentive	NOUN
ftr-315	462	15	for	for	ADP
ftr-315	462	16	risk	risk	NOUN
ftr-315	462	17	-	-	PUNCT
ftr-315	462	18	taking	taking	NOUN
ftr-315	462	19	,	,	PUNCT
ftr-315	462	20	on	on	ADP
ftr-315	462	21	which	which	PRON
ftr-315	462	22	there	there	PRON
ftr-315	462	23	are	be	VERB
ftr-315	462	24	external	external	ADJ
ftr-315	462	25	constraints	constraint	NOUN
ftr-315	462	26	(	(	PUNCT
ftr-315	462	27	like	like	ADP
ftr-315	462	28	reputation	reputation	NOUN
ftr-315	462	29	)	)	PUNCT
ftr-315	462	30	;	;	PUNCT
ftr-315	462	31	the	the	DET
ftr-315	462	32	behavior	behavior	NOUN
ftr-315	462	33	may	may	AUX
ftr-315	462	34	or	or	CCONJ
ftr-315	462	35	may	may	AUX
ftr-315	462	36	not	not	PART
ftr-315	462	37	change	change	VERB
ftr-315	462	38	.	.	PUNCT
ftr-315	463	1	in	in	ADP
ftr-315	463	2	contrast	contrast	NOUN
ftr-315	463	3	,	,	PUNCT
ftr-315	463	4	the	the	DET
ftr-315	463	5	adverse	adverse	ADJ
ftr-315	463	6	consequences	consequence	NOUN
ftr-315	463	7	of	of	ADP
ftr-315	463	8	increased	increase	VERB
ftr-315	463	9	lossshifting	lossshifting	NOUN
ftr-315	463	10	do	do	AUX
ftr-315	463	11	not	not	PART
ftr-315	463	12	depend	depend	VERB
ftr-315	463	13	on	on	ADP
ftr-315	463	14	the	the	DET
ftr-315	463	15	rationality	rationality	NOUN
ftr-315	463	16	of	of	ADP
ftr-315	463	17	economic	economic	ADJ
ftr-315	463	18	actors	actor	NOUN
ftr-315	463	19	and	and	CCONJ
ftr-315	463	20	are	be	AUX
ftr-315	463	21	not	not	PART
ftr-315	463	22	subject	subject	ADJ
ftr-315	463	23	to	to	ADP
ftr-315	463	24	similar	similar	ADJ
ftr-315	463	25	external	external	ADJ
ftr-315	463	26	constraints	constraint	NOUN
ftr-315	463	27	.	.	PUNCT
ftr-315	464	1	77	77	NUM
ftr-315	464	2	.	.	PUNCT
ftr-315	465	1	breslow	breslow	NOUN
ftr-315	465	2	,	,	PUNCT
ftr-315	465	3	selected	select	VERB
ftr-315	465	4	excerpts	excerpt	NOUN
ftr-315	465	5	,	,	PUNCT
ftr-315	465	6	supra	supra	PROPN
ftr-315	465	7	note	note	NOUN
ftr-315	465	8	17	17	NUM
ftr-315	465	9	,	,	PUNCT
ftr-315	465	10	at	at	ADP
ftr-315	465	11	§	§	PROPN
ftr-315	465	12	2.8.1	2.8.1	NUM
ftr-315	465	13	26	26	NUM
ftr-315	465	14	florida	florida	PROPN
ftr-315	465	15	tax	tax	NOUN
ftr-315	465	16	review	review	NOUN
ftr-315	465	17	[	[	X
ftr-315	465	18	vol.13:1	vol.13:1	ADJ
ftr-315	465	19	distributions	distribution	NOUN
ftr-315	465	20	of	of	ADP
ftr-315	465	21	carry	carry	NOUN
ftr-315	465	22	reflect	reflect	VERB
ftr-315	465	23	the	the	DET
ftr-315	465	24	gp	gp	NOUN
ftr-315	465	25	’s	’s	PART
ftr-315	465	26	aggregate	aggregate	ADJ
ftr-315	465	27	carry	carry	NOUN
ftr-315	465	28	entitlement	entitlement	NOUN
ftr-315	465	29	,	,	PUNCT
ftr-315	465	30	the	the	DET
ftr-315	465	31	less	less	ADV
ftr-315	465	32	likely	likely	ADJ
ftr-315	465	33	a	a	DET
ftr-315	465	34	clawback	clawback	NOUN
ftr-315	465	35	will	will	AUX
ftr-315	465	36	be	be	AUX
ftr-315	465	37	needed	need	VERB
ftr-315	465	38	,	,	PUNCT
ftr-315	465	39	and	and	CCONJ
ftr-315	465	40	the	the	DET
ftr-315	465	41	less	less	ADJ
ftr-315	465	42	impact	impact	NOUN
ftr-315	465	43	the	the	DET
ftr-315	465	44	after	after	ADP
ftr-315	465	45	-	-	PUNCT
ftr-315	465	46	tax	tax	NOUN
ftr-315	465	47	cap	cap	NOUN
ftr-315	465	48	on	on	ADP
ftr-315	465	49	the	the	DET
ftr-315	465	50	clawback	clawback	NOUN
ftr-315	465	51	is	be	AUX
ftr-315	465	52	likely	likely	ADJ
ftr-315	465	53	to	to	PART
ftr-315	465	54	have	have	VERB
ftr-315	465	55	.	.	PUNCT
ftr-315	466	1	of	of	ADP
ftr-315	466	2	course	course	ADV
ftr-315	466	3	,	,	PUNCT
ftr-315	466	4	revising	revise	VERB
ftr-315	466	5	the	the	DET
ftr-315	466	6	method	method	NOUN
ftr-315	466	7	for	for	ADP
ftr-315	466	8	calculating	calculate	VERB
ftr-315	466	9	the	the	DET
ftr-315	466	10	carry	carry	NOUN
ftr-315	466	11	in	in	ADP
ftr-315	466	12	a	a	DET
ftr-315	466	13	way	way	NOUN
ftr-315	466	14	that	that	PRON
ftr-315	466	15	would	would	AUX
ftr-315	466	16	reduce	reduce	VERB
ftr-315	466	17	the	the	DET
ftr-315	466	18	gp	gp	NOUN
ftr-315	466	19	’s	’s	PART
ftr-315	466	20	current	current	ADJ
ftr-315	466	21	allocations	allocation	NOUN
ftr-315	466	22	and	and	CCONJ
ftr-315	466	23	distributions	distribution	NOUN
ftr-315	466	24	of	of	ADP
ftr-315	466	25	carry	carry	NOUN
ftr-315	466	26	might	might	AUX
ftr-315	466	27	be	be	AUX
ftr-315	466	28	highly	highly	ADV
ftr-315	466	29	undesirable	undesirable	ADJ
ftr-315	466	30	to	to	ADP
ftr-315	466	31	the	the	DET
ftr-315	466	32	gp	gp	NOUN
ftr-315	466	33	.	.	PUNCT
ftr-315	467	1	while	while	SCONJ
ftr-315	467	2	these	these	DET
ftr-315	467	3	changes	change	NOUN
ftr-315	467	4	should	should	AUX
ftr-315	467	5	not	not	PART
ftr-315	467	6	ultimately	ultimately	ADV
ftr-315	467	7	change	change	VERB
ftr-315	467	8	the	the	DET
ftr-315	467	9	amount	amount	NOUN
ftr-315	467	10	of	of	ADP
ftr-315	467	11	the	the	DET
ftr-315	467	12	aggregate	aggregate	NOUN
ftr-315	467	13	carry	carry	NOUN
ftr-315	467	14	to	to	PART
ftr-315	467	15	which	which	PRON
ftr-315	467	16	the	the	DET
ftr-315	467	17	gp	gp	NOUN
ftr-315	467	18	is	be	AUX
ftr-315	467	19	entitled	entitle	VERB
ftr-315	467	20	,	,	PUNCT
ftr-315	467	21	these	these	DET
ftr-315	467	22	changes	change	NOUN
ftr-315	467	23	may	may	AUX
ftr-315	467	24	defer	defer	VERB
ftr-315	467	25	the	the	DET
ftr-315	467	26	gp	gp	NOUN
ftr-315	467	27	’s	’s	PART
ftr-315	467	28	receipt	receipt	NOUN
ftr-315	467	29	of	of	ADP
ftr-315	467	30	some	some	DET
ftr-315	467	31	portion	portion	NOUN
ftr-315	467	32	of	of	ADP
ftr-315	467	33	the	the	DET
ftr-315	467	34	carry	carry	NOUN
ftr-315	467	35	,	,	PUNCT
ftr-315	467	36	thereby	thereby	ADV
ftr-315	467	37	subjecting	subject	VERB
ftr-315	467	38	the	the	DET
ftr-315	467	39	gp	gp	NOUN
ftr-315	467	40	to	to	ADP
ftr-315	467	41	a	a	DET
ftr-315	467	42	non	non	ADJ
ftr-315	467	43	-	-	ADJ
ftr-315	467	44	trivial	trivial	ADJ
ftr-315	467	45	time	time	NOUN
ftr-315	467	46	-	-	PUNCT
ftr-315	467	47	value	value	NOUN
ftr-315	467	48	-	-	PUNCT
ftr-315	467	49	of	of	ADP
ftr-315	467	50	-	-	PUNCT
ftr-315	467	51	money	money	NOUN
ftr-315	467	52	cost	cost	NOUN
ftr-315	467	53	.	.	PUNCT
ftr-315	468	1	(	(	PUNCT
ftr-315	468	2	b	b	X
ftr-315	468	3	)	)	PUNCT
ftr-315	468	4	change	change	VERB
ftr-315	468	5	the	the	DET
ftr-315	468	6	tax	tax	NOUN
ftr-315	468	7	rate	rate	NOUN
ftr-315	468	8	used	use	VERB
ftr-315	468	9	for	for	ADP
ftr-315	468	10	calculating	calculate	VERB
ftr-315	468	11	the	the	DET
ftr-315	468	12	“	"	PUNCT
ftr-315	468	13	aftertax	aftertax	ADJ
ftr-315	468	14	”	"	PUNCT
ftr-315	468	15	carry	carry	VERB
ftr-315	468	16	whether	whether	SCONJ
ftr-315	468	17	the	the	DET
ftr-315	468	18	method	method	NOUN
ftr-315	468	19	for	for	ADP
ftr-315	468	20	calculating	calculate	VERB
ftr-315	468	21	the	the	DET
ftr-315	468	22	carry	carry	NOUN
ftr-315	468	23	is	be	AUX
ftr-315	468	24	revised	revise	VERB
ftr-315	468	25	,	,	PUNCT
ftr-315	468	26	lps	lps	PROPN
ftr-315	468	27	could	could	AUX
ftr-315	468	28	negotiate	negotiate	VERB
ftr-315	468	29	with	with	ADP
ftr-315	468	30	the	the	DET
ftr-315	468	31	gp	gp	NOUN
ftr-315	468	32	about	about	ADP
ftr-315	468	33	the	the	DET
ftr-315	468	34	tax	tax	NOUN
ftr-315	468	35	rate	rate	NOUN
ftr-315	468	36	that	that	PRON
ftr-315	468	37	is	be	AUX
ftr-315	468	38	used	use	VERB
ftr-315	468	39	for	for	ADP
ftr-315	468	40	calculating	calculate	VERB
ftr-315	468	41	the	the	DET
ftr-315	468	42	“	"	PUNCT
ftr-315	468	43	aftertax	aftertax	ADJ
ftr-315	468	44	”	"	PUNCT
ftr-315	468	45	carry	carry	NOUN
ftr-315	468	46	.	.	PUNCT
ftr-315	469	1	typically	typically	ADV
ftr-315	469	2	,	,	PUNCT
ftr-315	469	3	fund	fund	NOUN
ftr-315	469	4	agreements	agreement	NOUN
ftr-315	469	5	use	use	VERB
ftr-315	469	6	either	either	CCONJ
ftr-315	469	7	a	a	DET
ftr-315	469	8	particular	particular	ADJ
ftr-315	469	9	rate	rate	NOUN
ftr-315	469	10	that	that	PRON
ftr-315	469	11	is	be	AUX
ftr-315	469	12	stated	state	VERB
ftr-315	469	13	in	in	ADP
ftr-315	469	14	the	the	DET
ftr-315	469	15	agreement	agreement	NOUN
ftr-315	469	16	(	(	PUNCT
ftr-315	469	17	such	such	ADJ
ftr-315	469	18	as	as	ADP
ftr-315	469	19	15	15	NUM
ftr-315	469	20	percent	percent	NOUN
ftr-315	469	21	)	)	PUNCT
ftr-315	469	22	or	or	CCONJ
ftr-315	469	23	a	a	DET
ftr-315	469	24	rate	rate	NOUN
ftr-315	469	25	that	that	PRON
ftr-315	469	26	is	be	AUX
ftr-315	469	27	determinable	determinable	ADJ
ftr-315	469	28	for	for	ADP
ftr-315	469	29	a	a	DET
ftr-315	469	30	hypothetical	hypothetical	ADJ
ftr-315	469	31	taxpayer	taxpayer	NOUN
ftr-315	469	32	under	under	ADP
ftr-315	469	33	a	a	DET
ftr-315	469	34	set	set	NOUN
ftr-315	469	35	of	of	ADP
ftr-315	469	36	assumptions	assumption	NOUN
ftr-315	469	37	that	that	PRON
ftr-315	469	38	are	be	AUX
ftr-315	469	39	articulated	articulate	VERB
ftr-315	469	40	in	in	ADP
ftr-315	469	41	the	the	DET
ftr-315	469	42	fund	fund	NOUN
ftr-315	469	43	agreement	agreement	NOUN
ftr-315	469	44	.	.	PUNCT
ftr-315	470	1	where	where	SCONJ
ftr-315	470	2	the	the	DET
ftr-315	470	3	cap	cap	NOUN
ftr-315	470	4	on	on	ADP
ftr-315	470	5	the	the	DET
ftr-315	470	6	clawback	clawback	NOUN
ftr-315	470	7	is	be	AUX
ftr-315	470	8	calculated	calculate	VERB
ftr-315	470	9	using	use	VERB
ftr-315	470	10	a	a	DET
ftr-315	470	11	stated	state	VERB
ftr-315	470	12	tax	tax	NOUN
ftr-315	470	13	rate	rate	NOUN
ftr-315	470	14	,	,	PUNCT
ftr-315	470	15	the	the	DET
ftr-315	470	16	lps	lps	PROPN
ftr-315	470	17	may	may	AUX
ftr-315	470	18	consider	consider	VERB
ftr-315	470	19	whether	whether	SCONJ
ftr-315	470	20	they	they	PRON
ftr-315	470	21	are	be	AUX
ftr-315	470	22	willing	willing	ADJ
ftr-315	470	23	to	to	PART
ftr-315	470	24	agree	agree	VERB
ftr-315	470	25	to	to	PART
ftr-315	470	26	increase	increase	VERB
ftr-315	470	27	that	that	DET
ftr-315	470	28	stated	state	VERB
ftr-315	470	29	rate	rate	NOUN
ftr-315	470	30	to	to	ADP
ftr-315	470	31	one	one	NUM
ftr-315	470	32	that	that	PRON
ftr-315	470	33	is	be	AUX
ftr-315	470	34	higher	high	ADJ
ftr-315	470	35	than	than	ADP
ftr-315	470	36	today	today	NOUN
ftr-315	470	37	’s	’s	PART
ftr-315	470	38	tax	tax	NOUN
ftr-315	470	39	rates	rate	NOUN
ftr-315	470	40	but	but	CCONJ
ftr-315	470	41	lower	low	ADJ
ftr-315	470	42	than	than	ADP
ftr-315	470	43	the	the	DET
ftr-315	470	44	tax	tax	NOUN
ftr-315	470	45	rate	rate	NOUN
ftr-315	470	46	that	that	PRON
ftr-315	470	47	the	the	DET
ftr-315	470	48	carried	carry	VERB
ftr-315	470	49	interest	interest	NOUN
ftr-315	470	50	tax	tax	NOUN
ftr-315	470	51	proposals	proposal	NOUN
ftr-315	470	52	would	would	AUX
ftr-315	470	53	impose	impose	VERB
ftr-315	470	54	on	on	ADP
ftr-315	470	55	the	the	DET
ftr-315	470	56	gp	gp	NOUN
ftr-315	470	57	’s	’s	PART
ftr-315	470	58	carry	carry	NOUN
ftr-315	470	59	.	.	PUNCT
ftr-315	471	1	for	for	ADP
ftr-315	471	2	example	example	NOUN
ftr-315	471	3	,	,	PUNCT
ftr-315	471	4	imagine	imagine	VERB
ftr-315	471	5	a	a	DET
ftr-315	471	6	fund	fund	NOUN
ftr-315	471	7	with	with	ADP
ftr-315	471	8	a	a	DET
ftr-315	471	9	clawback	clawback	NOUN
ftr-315	471	10	that	that	PRON
ftr-315	471	11	is	be	AUX
ftr-315	471	12	capped	cap	VERB
ftr-315	471	13	at	at	ADP
ftr-315	471	14	the	the	DET
ftr-315	471	15	gp	gp	NOUN
ftr-315	471	16	’s	’s	PART
ftr-315	471	17	after	after	ADP
ftr-315	471	18	-	-	PUNCT
ftr-315	471	19	tax	tax	NOUN
ftr-315	471	20	carry	carry	NOUN
ftr-315	471	21	,	,	PUNCT
ftr-315	471	22	using	use	VERB
ftr-315	471	23	a	a	DET
ftr-315	471	24	stated	state	VERB
ftr-315	471	25	tax	tax	NOUN
ftr-315	471	26	rate	rate	NOUN
ftr-315	471	27	of	of	ADP
ftr-315	471	28	15	15	NUM
ftr-315	471	29	percent	percent	NOUN
ftr-315	471	30	.	.	PUNCT
ftr-315	472	1	if	if	SCONJ
ftr-315	472	2	the	the	DET
ftr-315	472	3	carried	carry	VERB
ftr-315	472	4	interest	interest	NOUN
ftr-315	472	5	legislation	legislation	NOUN
ftr-315	472	6	passes	pass	VERB
ftr-315	472	7	,	,	PUNCT
ftr-315	472	8	the	the	DET
ftr-315	472	9	gp	gp	NOUN
ftr-315	472	10	will	will	AUX
ftr-315	472	11	likely	likely	ADV
ftr-315	472	12	want	want	VERB
ftr-315	472	13	the	the	DET
ftr-315	472	14	cap	cap	NOUN
ftr-315	472	15	on	on	ADP
ftr-315	472	16	the	the	DET
ftr-315	472	17	clawback	clawback	NOUN
ftr-315	472	18	to	to	PART
ftr-315	472	19	be	be	AUX
ftr-315	472	20	calculated	calculate	VERB
ftr-315	472	21	using	use	VERB
ftr-315	472	22	a	a	DET
ftr-315	472	23	stated	state	VERB
ftr-315	472	24	tax	tax	NOUN
ftr-315	472	25	rate	rate	NOUN
ftr-315	472	26	of	of	ADP
ftr-315	472	27	40	40	NUM
ftr-315	472	28	percent.78	percent.78	NOUN
ftr-315	472	29	instead	instead	ADV
ftr-315	472	30	,	,	PUNCT
ftr-315	472	31	the	the	DET
ftr-315	472	32	parties	party	NOUN
ftr-315	472	33	could	could	AUX
ftr-315	472	34	negotiate	negotiate	VERB
ftr-315	472	35	to	to	PART
ftr-315	472	36	use	use	VERB
ftr-315	472	37	a	a	DET
ftr-315	472	38	stated	state	VERB
ftr-315	472	39	tax	tax	NOUN
ftr-315	472	40	rate	rate	NOUN
ftr-315	472	41	between	between	ADP
ftr-315	472	42	15	15	NUM
ftr-315	472	43	percent	percent	NOUN
ftr-315	472	44	and	and	CCONJ
ftr-315	472	45	40	40	NUM
ftr-315	472	46	percent	percent	NOUN
ftr-315	472	47	(	(	PUNCT
ftr-315	472	48	say	say	INTJ
ftr-315	472	49	,	,	PUNCT
ftr-315	472	50	a	a	DET
ftr-315	472	51	compromise	compromise	NOUN
ftr-315	472	52	rate	rate	NOUN
ftr-315	472	53	of	of	ADP
ftr-315	472	54	27.5	27.5	NUM
ftr-315	472	55	percent	percent	NOUN
ftr-315	472	56	,	,	PUNCT
ftr-315	472	57	to	to	PART
ftr-315	472	58	split	split	VERB
ftr-315	472	59	the	the	DET
ftr-315	472	60	difference	difference	NOUN
ftr-315	472	61	)	)	PUNCT
ftr-315	472	62	.	.	PUNCT
ftr-315	473	1	similarly	similarly	ADV
ftr-315	473	2	,	,	PUNCT
ftr-315	473	3	where	where	SCONJ
ftr-315	473	4	the	the	DET
ftr-315	473	5	cap	cap	NOUN
ftr-315	473	6	on	on	ADP
ftr-315	473	7	the	the	DET
ftr-315	473	8	clawback	clawback	NOUN
ftr-315	473	9	is	be	AUX
ftr-315	473	10	calculated	calculate	VERB
ftr-315	473	11	at	at	ADP
ftr-315	473	12	a	a	DET
ftr-315	473	13	tax	tax	NOUN
ftr-315	473	14	rate	rate	NOUN
ftr-315	473	15	determined	determine	VERB
ftr-315	473	16	based	base	VERB
ftr-315	473	17	on	on	ADP
ftr-315	473	18	a	a	DET
ftr-315	473	19	variety	variety	NOUN
ftr-315	473	20	of	of	ADP
ftr-315	473	21	assumptions	assumption	NOUN
ftr-315	473	22	,	,	PUNCT
ftr-315	473	23	the	the	DET
ftr-315	473	24	lps	lps	PROPN
ftr-315	473	25	could	could	AUX
ftr-315	473	26	negotiate	negotiate	VERB
ftr-315	473	27	about	about	ADP
ftr-315	473	28	the	the	DET
ftr-315	473	29	assumptions	assumption	NOUN
ftr-315	473	30	on	on	ADP
ftr-315	473	31	which	which	PRON
ftr-315	473	32	the	the	DET
ftr-315	473	33	amount	amount	NOUN
ftr-315	473	34	of	of	ADP
ftr-315	473	35	the	the	DET
ftr-315	473	36	after	after	ADP
ftr-315	473	37	-	-	PUNCT
ftr-315	473	38	tax	tax	NOUN
ftr-315	473	39	carry	carry	NOUN
ftr-315	473	40	is	be	AUX
ftr-315	473	41	calculated	calculate	VERB
ftr-315	473	42	.	.	PUNCT
ftr-315	474	1	those	those	DET
ftr-315	474	2	assumptions	assumption	NOUN
ftr-315	474	3	include	include	VERB
ftr-315	474	4	assumptions	assumption	NOUN
ftr-315	474	5	regarding	regard	VERB
ftr-315	474	6	the	the	DET
ftr-315	474	7	rate	rate	NOUN
ftr-315	474	8	of	of	ADP
ftr-315	474	9	tax	tax	NOUN
ftr-315	474	10	,	,	PUNCT
ftr-315	474	11	regarding	regard	VERB
ftr-315	474	12	the	the	DET
ftr-315	474	13	location	location	NOUN
ftr-315	474	14	of	of	ADP
ftr-315	474	15	the	the	DET
ftr-315	474	16	“	"	PUNCT
ftr-315	474	17	hypothetical	hypothetical	ADJ
ftr-315	474	18	”	"	PUNCT
ftr-315	474	19	taxpayer	taxpayer	NOUN
ftr-315	474	20	whose	whose	DET
ftr-315	474	21	tax	tax	NOUN
ftr-315	474	22	rate	rate	NOUN
ftr-315	474	23	is	be	AUX
ftr-315	474	24	used	use	VERB
ftr-315	474	25	for	for	ADP
ftr-315	474	26	calculating	calculate	VERB
ftr-315	474	27	the	the	PRON
ftr-315	474	28	after	after	ADP
ftr-315	474	29	tax	tax	NOUN
ftr-315	474	30	carry	carry	NOUN
ftr-315	474	31	,	,	PUNCT
ftr-315	474	32	and/or	and/or	CCONJ
ftr-315	474	33	regarding	regard	VERB
ftr-315	474	34	the	the	DET
ftr-315	474	35	availability	availability	NOUN
ftr-315	474	36	of	of	ADP
ftr-315	474	37	losses	loss	NOUN
ftr-315	474	38	to	to	PART
ftr-315	474	39	offset	offset	VERB
ftr-315	474	40	income	income	NOUN
ftr-315	474	41	from	from	ADP
ftr-315	474	42	the	the	DET
ftr-315	474	43	carry	carry	NOUN
ftr-315	474	44	.	.	PUNCT
ftr-315	475	1	where	where	SCONJ
ftr-315	475	2	the	the	DET
ftr-315	475	3	after	after	ADP
ftr-315	475	4	-	-	PUNCT
ftr-315	475	5	tax	tax	NOUN
ftr-315	475	6	cap	cap	NOUN
ftr-315	475	7	on	on	ADP
ftr-315	475	8	the	the	DET
ftr-315	475	9	clawback	clawback	NOUN
ftr-315	475	10	is	be	AUX
ftr-315	475	11	determined	determine	VERB
ftr-315	475	12	based	base	VERB
ftr-315	475	13	on	on	ADP
ftr-315	475	14	a	a	DET
ftr-315	475	15	variety	variety	NOUN
ftr-315	475	16	of	of	ADP
ftr-315	475	17	assumptions	assumption	NOUN
ftr-315	475	18	,	,	PUNCT
ftr-315	475	19	it	it	PRON
ftr-315	475	20	is	be	AUX
ftr-315	475	21	likely	likely	ADJ
ftr-315	475	22	that	that	SCONJ
ftr-315	475	23	an	an	DET
ftr-315	475	24	increase	increase	NOUN
ftr-315	475	25	in	in	ADP
ftr-315	475	26	the	the	DET
ftr-315	475	27	tax	tax	NOUN
ftr-315	475	28	rate	rate	NOUN
ftr-315	475	29	applicable	applicable	ADJ
ftr-315	475	30	to	to	PART
ftr-315	475	31	carried	carry	VERB
ftr-315	475	32	interest	interest	NOUN
ftr-315	475	33	will	will	AUX
ftr-315	475	34	automatically	automatically	ADV
ftr-315	475	35	be	be	AUX
ftr-315	475	36	incorporated	incorporate	VERB
ftr-315	475	37	into	into	ADP
ftr-315	475	38	the	the	DET
ftr-315	475	39	“	"	PUNCT
ftr-315	475	40	after	after	ADP
ftr-315	475	41	-	-	PUNCT
ftr-315	475	42	tax	tax	NOUN
ftr-315	475	43	”	"	PUNCT
ftr-315	475	44	determination	determination	NOUN
ftr-315	475	45	,	,	PUNCT
ftr-315	475	46	without	without	ADP
ftr-315	475	47	any	any	DET
ftr-315	475	48	action	action	NOUN
ftr-315	475	49	or	or	CCONJ
ftr-315	475	50	agreement	agreement	NOUN
ftr-315	475	51	by	by	ADP
ftr-315	475	52	the	the	DET
ftr-315	475	53	lps	lps	PROPN
ftr-315	475	54	.	.	PUNCT
ftr-315	476	1	thus	thus	ADV
ftr-315	476	2	,	,	PUNCT
ftr-315	476	3	if	if	SCONJ
ftr-315	476	4	the	the	DET
ftr-315	476	5	lps	lps	PROPN
ftr-315	476	6	want	want	VERB
ftr-315	476	7	to	to	PART
ftr-315	476	8	avoid	avoid	VERB
ftr-315	476	9	the	the	DET
ftr-315	476	10	loss	loss	NOUN
ftr-315	476	11	-	-	PUNCT
ftr-315	476	12	shifting	shift	VERB
ftr-315	476	13	and	and	CCONJ
ftr-315	476	14	risk	risk	NOUN
ftr-315	476	15	-	-	PUNCT
ftr-315	476	16	taking	taking	NOUN
ftr-315	476	17	78	78	NUM
ftr-315	476	18	.	.	PUNCT
ftr-315	477	1	where	where	SCONJ
ftr-315	477	2	an	an	DET
ftr-315	477	3	existing	exist	VERB
ftr-315	477	4	fund	fund	NOUN
ftr-315	477	5	agreement	agreement	NOUN
ftr-315	477	6	uses	use	VERB
ftr-315	477	7	a	a	DET
ftr-315	477	8	“	"	PUNCT
ftr-315	477	9	stated	state	VERB
ftr-315	477	10	rate	rate	NOUN
ftr-315	477	11	”	"	PUNCT
ftr-315	477	12	for	for	ADP
ftr-315	477	13	calculating	calculate	VERB
ftr-315	477	14	the	the	DET
ftr-315	477	15	after	after	ADP
ftr-315	477	16	-	-	PUNCT
ftr-315	477	17	tax	tax	NOUN
ftr-315	477	18	cap	cap	NOUN
ftr-315	477	19	on	on	ADP
ftr-315	477	20	the	the	DET
ftr-315	477	21	clawback	clawback	NOUN
ftr-315	477	22	,	,	PUNCT
ftr-315	477	23	the	the	DET
ftr-315	477	24	gp	gp	NOUN
ftr-315	477	25	is	be	AUX
ftr-315	477	26	likely	likely	ADJ
ftr-315	477	27	to	to	PART
ftr-315	477	28	approach	approach	VERB
ftr-315	477	29	the	the	DET
ftr-315	477	30	lps	lps	NOUN
ftr-315	477	31	in	in	ADP
ftr-315	477	32	an	an	DET
ftr-315	477	33	effort	effort	NOUN
ftr-315	477	34	to	to	PART
ftr-315	477	35	modify	modify	VERB
ftr-315	477	36	the	the	DET
ftr-315	477	37	agreement	agreement	NOUN
ftr-315	477	38	.	.	PUNCT
ftr-315	478	1	the	the	DET
ftr-315	478	2	bargaining	bargaining	NOUN
ftr-315	478	3	dynamic	dynamic	NOUN
ftr-315	478	4	is	be	AUX
ftr-315	478	5	likely	likely	ADV
ftr-315	478	6	reversed	reverse	VERB
ftr-315	478	7	if	if	SCONJ
ftr-315	478	8	the	the	DET
ftr-315	478	9	after	after	ADP
ftr-315	478	10	-	-	PUNCT
ftr-315	478	11	tax	tax	NOUN
ftr-315	478	12	cap	cap	NOUN
ftr-315	478	13	on	on	ADP
ftr-315	478	14	the	the	DET
ftr-315	478	15	clawback	clawback	NOUN
ftr-315	478	16	is	be	AUX
ftr-315	478	17	calculated	calculate	VERB
ftr-315	478	18	at	at	ADP
ftr-315	478	19	a	a	DET
ftr-315	478	20	rate	rate	NOUN
ftr-315	478	21	determined	determine	VERB
ftr-315	478	22	based	base	VERB
ftr-315	478	23	on	on	ADP
ftr-315	478	24	a	a	DET
ftr-315	478	25	variety	variety	NOUN
ftr-315	478	26	of	of	ADP
ftr-315	478	27	assumptions	assumption	NOUN
ftr-315	478	28	.	.	PUNCT
ftr-315	479	1	2012	2012	NUM
ftr-315	479	2	]	]	PUNCT
ftr-315	479	3	“	"	PUNCT
ftr-315	479	4	carried	carry	VERB
ftr-315	479	5	interest	interest	NOUN
ftr-315	479	6	”	"	PUNCT
ftr-315	479	7	tax	tax	NOUN
ftr-315	479	8	proposals	proposal	NOUN
ftr-315	479	9	27	27	NUM
ftr-315	479	10	consequences	consequence	NOUN
ftr-315	479	11	described	describe	VERB
ftr-315	479	12	herein	herein	NOUN
ftr-315	479	13	,	,	PUNCT
ftr-315	479	14	the	the	DET
ftr-315	479	15	lps	lps	PROPN
ftr-315	479	16	will	will	AUX
ftr-315	479	17	likely	likely	ADV
ftr-315	479	18	need	need	VERB
ftr-315	479	19	to	to	PART
ftr-315	479	20	approach	approach	VERB
ftr-315	479	21	the	the	DET
ftr-315	479	22	gp	gp	NOUN
ftr-315	479	23	in	in	ADP
ftr-315	479	24	an	an	DET
ftr-315	479	25	effort	effort	NOUN
ftr-315	479	26	to	to	PART
ftr-315	479	27	modify	modify	VERB
ftr-315	479	28	an	an	DET
ftr-315	479	29	existing	exist	VERB
ftr-315	479	30	agreement	agreement	NOUN
ftr-315	479	31	.	.	PUNCT
ftr-315	480	1	ultimately	ultimately	ADV
ftr-315	480	2	,	,	PUNCT
ftr-315	480	3	if	if	SCONJ
ftr-315	480	4	tax	tax	NOUN
ftr-315	480	5	rates	rate	NOUN
ftr-315	480	6	on	on	ADP
ftr-315	480	7	carried	carry	VERB
ftr-315	480	8	interests	interest	NOUN
ftr-315	480	9	increase	increase	NOUN
ftr-315	480	10	,	,	PUNCT
ftr-315	480	11	lps	lps	PROPN
ftr-315	480	12	may	may	AUX
ftr-315	480	13	be	be	AUX
ftr-315	480	14	willing	willing	ADJ
ftr-315	480	15	to	to	PART
ftr-315	480	16	increase	increase	VERB
ftr-315	480	17	,	,	PUNCT
ftr-315	480	18	at	at	ADP
ftr-315	480	19	least	least	ADJ
ftr-315	480	20	to	to	ADP
ftr-315	480	21	some	some	DET
ftr-315	480	22	degree	degree	NOUN
ftr-315	480	23	,	,	PUNCT
ftr-315	480	24	the	the	DET
ftr-315	480	25	tax	tax	NOUN
ftr-315	480	26	rate	rate	NOUN
ftr-315	480	27	(	(	PUNCT
ftr-315	480	28	stated	state	VERB
ftr-315	480	29	or	or	CCONJ
ftr-315	480	30	assumed	assume	VERB
ftr-315	480	31	)	)	PUNCT
ftr-315	480	32	used	use	VERB
ftr-315	480	33	to	to	PART
ftr-315	480	34	determine	determine	VERB
ftr-315	480	35	the	the	DET
ftr-315	480	36	cap	cap	NOUN
ftr-315	480	37	on	on	ADP
ftr-315	480	38	the	the	DET
ftr-315	480	39	clawback	clawback	NOUN
ftr-315	480	40	.	.	PUNCT
ftr-315	481	1	the	the	PRON
ftr-315	481	2	lower	low	ADJ
ftr-315	481	3	the	the	DET
ftr-315	481	4	tax	tax	NOUN
ftr-315	481	5	rate	rate	NOUN
ftr-315	481	6	used	use	VERB
ftr-315	481	7	for	for	ADP
ftr-315	481	8	purposes	purpose	NOUN
ftr-315	481	9	of	of	ADP
ftr-315	481	10	calculating	calculate	VERB
ftr-315	481	11	the	the	DET
ftr-315	481	12	after	after	ADP
ftr-315	481	13	-	-	PUNCT
ftr-315	481	14	tax	tax	NOUN
ftr-315	481	15	carry	carry	NOUN
ftr-315	481	16	,	,	PUNCT
ftr-315	481	17	the	the	PRON
ftr-315	481	18	more	more	ADV
ftr-315	481	19	complete	complete	ADJ
ftr-315	481	20	the	the	DET
ftr-315	481	21	clawback.79	clawback.79	NOUN
ftr-315	481	22	under	under	ADP
ftr-315	481	23	a	a	DET
ftr-315	481	24	compromise	compromise	NOUN
ftr-315	481	25	agreement	agreement	NOUN
ftr-315	481	26	,	,	PUNCT
ftr-315	481	27	the	the	DET
ftr-315	481	28	lps	lps	PROPN
ftr-315	481	29	likely	likely	ADV
ftr-315	481	30	would	would	AUX
ftr-315	481	31	be	be	AUX
ftr-315	481	32	agreeing	agree	VERB
ftr-315	481	33	to	to	ADP
ftr-315	481	34	some	some	DET
ftr-315	481	35	increase	increase	NOUN
ftr-315	481	36	in	in	ADP
ftr-315	481	37	potential	potential	ADJ
ftr-315	481	38	loss	loss	NOUN
ftr-315	481	39	-	-	PUNCT
ftr-315	481	40	shifting	shift	VERB
ftr-315	481	41	and	and	CCONJ
ftr-315	481	42	likelihood	likelihood	NOUN
ftr-315	481	43	of	of	ADP
ftr-315	481	44	increased	increase	VERB
ftr-315	481	45	risk	risk	NOUN
ftr-315	481	46	-	-	PUNCT
ftr-315	481	47	taking	taking	NOUN
ftr-315	481	48	,	,	PUNCT
ftr-315	481	49	but	but	CCONJ
ftr-315	481	50	the	the	DET
ftr-315	481	51	lps	lps	PROPN
ftr-315	481	52	may	may	AUX
ftr-315	481	53	be	be	AUX
ftr-315	481	54	able	able	ADJ
ftr-315	481	55	to	to	PART
ftr-315	481	56	limit	limit	VERB
ftr-315	481	57	their	their	PRON
ftr-315	481	58	exposure	exposure	NOUN
ftr-315	481	59	to	to	ADP
ftr-315	481	60	some	some	DET
ftr-315	481	61	degree	degree	NOUN
ftr-315	481	62	.	.	PUNCT
ftr-315	482	1	(	(	PUNCT
ftr-315	482	2	c	c	X
ftr-315	482	3	)	)	PUNCT
ftr-315	482	4	take	take	VERB
ftr-315	482	5	the	the	DET
ftr-315	482	6	gp	gp	NOUN
ftr-315	482	7	’s	’s	PART
ftr-315	482	8	tax	tax	NOUN
ftr-315	482	9	loss	loss	NOUN
ftr-315	482	10	into	into	ADP
ftr-315	482	11	account	account	NOUN
ftr-315	482	12	when	when	SCONJ
ftr-315	482	13	calculating	calculate	VERB
ftr-315	482	14	the	the	PRON
ftr-315	482	15	“	"	PUNCT
ftr-315	482	16	after	after	ADP
ftr-315	482	17	-	-	PUNCT
ftr-315	482	18	tax	tax	NOUN
ftr-315	482	19	”	"	PUNCT
ftr-315	482	20	carry	carry	VERB
ftr-315	482	21	another	another	DET
ftr-315	482	22	alternative	alternative	NOUN
ftr-315	482	23	is	be	AUX
ftr-315	482	24	to	to	PART
ftr-315	482	25	include	include	VERB
ftr-315	482	26	an	an	DET
ftr-315	482	27	additional	additional	ADJ
ftr-315	482	28	,	,	PUNCT
ftr-315	482	29	but	but	CCONJ
ftr-315	482	30	typically	typically	ADV
ftr-315	482	31	ignored	ignore	VERB
ftr-315	482	32	,	,	PUNCT
ftr-315	482	33	factor	factor	NOUN
ftr-315	482	34	into	into	ADP
ftr-315	482	35	the	the	DET
ftr-315	482	36	calculation	calculation	NOUN
ftr-315	482	37	of	of	ADP
ftr-315	482	38	the	the	DET
ftr-315	482	39	cap	cap	NOUN
ftr-315	482	40	on	on	ADP
ftr-315	482	41	the	the	DET
ftr-315	482	42	clawback	clawback	NOUN
ftr-315	482	43	—	—	PUNCT
ftr-315	482	44	the	the	DET
ftr-315	482	45	value	value	NOUN
ftr-315	482	46	of	of	ADP
ftr-315	482	47	the	the	DET
ftr-315	482	48	tax	tax	NOUN
ftr-315	482	49	loss	loss	NOUN
ftr-315	482	50	that	that	PRON
ftr-315	482	51	the	the	DET
ftr-315	482	52	gp	gp	NOUN
ftr-315	482	53	will	will	AUX
ftr-315	482	54	have	have	VERB
ftr-315	482	55	as	as	ADP
ftr-315	482	56	a	a	DET
ftr-315	482	57	result	result	NOUN
ftr-315	482	58	of	of	ADP
ftr-315	482	59	forfeiting	forfeit	VERB
ftr-315	482	60	some	some	PRON
ftr-315	482	61	or	or	CCONJ
ftr-315	482	62	all	all	PRON
ftr-315	482	63	of	of	ADP
ftr-315	482	64	its	its	PRON
ftr-315	482	65	previously	previously	ADV
ftr-315	482	66	taxed	tax	VERB
ftr-315	482	67	carry.80	carry.80	NOUN
ftr-315	482	68	calculations	calculation	NOUN
ftr-315	482	69	of	of	ADP
ftr-315	482	70	the	the	DET
ftr-315	482	71	after	after	ADP
ftr-315	482	72	-	-	PUNCT
ftr-315	482	73	tax	tax	NOUN
ftr-315	482	74	cap	cap	NOUN
ftr-315	482	75	on	on	ADP
ftr-315	482	76	the	the	DET
ftr-315	482	77	clawback	clawback	NOUN
ftr-315	482	78	typically	typically	ADV
ftr-315	482	79	ignore	ignore	VERB
ftr-315	482	80	this	this	DET
ftr-315	482	81	factor	factor	NOUN
ftr-315	482	82	,	,	PUNCT
ftr-315	482	83	using	use	VERB
ftr-315	482	84	the	the	DET
ftr-315	482	85	assumption	assumption	NOUN
ftr-315	482	86	that	that	SCONJ
ftr-315	482	87	the	the	DET
ftr-315	482	88	gp	gp	NOUN
ftr-315	482	89	does	do	AUX
ftr-315	482	90	not	not	PART
ftr-315	482	91	have	have	AUX
ftr-315	482	92	any	any	DET
ftr-315	482	93	capital	capital	NOUN
ftr-315	482	94	gains	gain	NOUN
ftr-315	482	95	against	against	ADP
ftr-315	482	96	which	which	PRON
ftr-315	482	97	the	the	DET
ftr-315	482	98	loss	loss	NOUN
ftr-315	482	99	could	could	AUX
ftr-315	482	100	be	be	AUX
ftr-315	482	101	used.81	used.81	INTJ
ftr-315	482	102	this	this	DET
ftr-315	482	103	assumption	assumption	NOUN
ftr-315	482	104	is	be	AUX
ftr-315	482	105	79	79	NUM
ftr-315	482	106	.	.	PUNCT
ftr-315	483	1	a	a	DET
ftr-315	483	2	more	more	ADV
ftr-315	483	3	complete	complete	ADJ
ftr-315	483	4	clawback	clawback	NOUN
ftr-315	483	5	is	be	AUX
ftr-315	483	6	equivalent	equivalent	ADJ
ftr-315	483	7	to	to	ADP
ftr-315	483	8	an	an	DET
ftr-315	483	9	increase	increase	NOUN
ftr-315	483	10	in	in	ADP
ftr-315	483	11	the	the	DET
ftr-315	483	12	size	size	NOUN
ftr-315	483	13	of	of	ADP
ftr-315	483	14	the	the	DET
ftr-315	483	15	gp	gp	NOUN
ftr-315	483	16	’s	’s	PART
ftr-315	483	17	limited	limited	ADJ
ftr-315	483	18	deficit	deficit	NOUN
ftr-315	483	19	restoration	restoration	NOUN
ftr-315	483	20	obligation	obligation	NOUN
ftr-315	483	21	.	.	PUNCT
ftr-315	484	1	see	see	VERB
ftr-315	484	2	supra	supra	PROPN
ftr-315	484	3	note	note	PROPN
ftr-315	484	4	62	62	NUM
ftr-315	484	5	.	.	PUNCT
ftr-315	485	1	alternatively	alternatively	ADV
ftr-315	485	2	,	,	PUNCT
ftr-315	485	3	rather	rather	ADV
ftr-315	485	4	than	than	ADP
ftr-315	485	5	arguing	argue	VERB
ftr-315	485	6	about	about	ADP
ftr-315	485	7	the	the	DET
ftr-315	485	8	details	detail	NOUN
ftr-315	485	9	of	of	ADP
ftr-315	485	10	the	the	DET
ftr-315	485	11	clawback	clawback	NOUN
ftr-315	485	12	,	,	PUNCT
ftr-315	485	13	the	the	DET
ftr-315	485	14	lps	lps	PROPN
ftr-315	485	15	could	could	AUX
ftr-315	485	16	ask	ask	VERB
ftr-315	485	17	the	the	DET
ftr-315	485	18	gp	gp	NOUN
ftr-315	485	19	to	to	PART
ftr-315	485	20	commit	commit	VERB
ftr-315	485	21	to	to	ADP
ftr-315	485	22	an	an	DET
ftr-315	485	23	explicit	explicit	ADJ
ftr-315	485	24	limited	limited	ADJ
ftr-315	485	25	deficit	deficit	NOUN
ftr-315	485	26	restoration	restoration	NOUN
ftr-315	485	27	obligation	obligation	NOUN
ftr-315	485	28	separate	separate	ADJ
ftr-315	485	29	and	and	CCONJ
ftr-315	485	30	apart	apart	ADV
ftr-315	485	31	from	from	ADP
ftr-315	485	32	any	any	DET
ftr-315	485	33	clawback	clawback	NOUN
ftr-315	485	34	.	.	PUNCT
ftr-315	486	1	where	where	SCONJ
ftr-315	486	2	the	the	DET
ftr-315	486	3	gp	gp	NOUN
ftr-315	486	4	is	be	AUX
ftr-315	486	5	committed	commit	VERB
ftr-315	486	6	to	to	ADP
ftr-315	486	7	a	a	DET
ftr-315	486	8	limited	limited	ADJ
ftr-315	486	9	dro	dro	PROPN
ftr-315	486	10	,	,	PUNCT
ftr-315	486	11	losses	loss	NOUN
ftr-315	486	12	(	(	PUNCT
ftr-315	486	13	in	in	ADP
ftr-315	486	14	an	an	DET
ftr-315	486	15	amount	amount	NOUN
ftr-315	486	16	up	up	ADP
ftr-315	486	17	to	to	ADP
ftr-315	486	18	the	the	DET
ftr-315	486	19	limited	limited	ADJ
ftr-315	486	20	dro	dro	PROPN
ftr-315	486	21	)	)	PUNCT
ftr-315	486	22	can	can	AUX
ftr-315	486	23	be	be	AUX
ftr-315	486	24	allocated	allocate	VERB
ftr-315	486	25	to	to	ADP
ftr-315	486	26	the	the	DET
ftr-315	486	27	gp	gp	NOUN
ftr-315	486	28	,	,	PUNCT
ftr-315	486	29	even	even	ADV
ftr-315	486	30	if	if	SCONJ
ftr-315	486	31	the	the	DET
ftr-315	486	32	allocation	allocation	NOUN
ftr-315	486	33	to	to	ADP
ftr-315	486	34	the	the	DET
ftr-315	486	35	gp	gp	NOUN
ftr-315	486	36	of	of	ADP
ftr-315	486	37	those	those	DET
ftr-315	486	38	losses	loss	NOUN
ftr-315	486	39	would	would	AUX
ftr-315	486	40	otherwise	otherwise	ADV
ftr-315	486	41	create	create	VERB
ftr-315	486	42	a	a	DET
ftr-315	486	43	deficit	deficit	NOUN
ftr-315	486	44	in	in	ADP
ftr-315	486	45	the	the	DET
ftr-315	486	46	gp	gp	NOUN
ftr-315	486	47	’s	’s	PART
ftr-315	486	48	capital	capital	NOUN
ftr-315	486	49	account	account	PROPN
ftr-315	486	50	.	.	PUNCT
ftr-315	487	1	as	as	ADP
ftr-315	487	2	a	a	DET
ftr-315	487	3	result	result	NOUN
ftr-315	487	4	,	,	PUNCT
ftr-315	487	5	the	the	DET
ftr-315	487	6	limited	limited	ADJ
ftr-315	487	7	dro	dro	PROPN
ftr-315	487	8	would	would	AUX
ftr-315	487	9	limit	limit	VERB
ftr-315	487	10	the	the	DET
ftr-315	487	11	possibility	possibility	NOUN
ftr-315	487	12	of	of	ADP
ftr-315	487	13	loss	loss	NOUN
ftr-315	487	14	shifting	shift	VERB
ftr-315	487	15	and	and	CCONJ
ftr-315	487	16	would	would	AUX
ftr-315	487	17	delay	delay	VERB
ftr-315	487	18	the	the	DET
ftr-315	487	19	gp	gp	NOUN
ftr-315	487	20	’s	’s	PART
ftr-315	487	21	incentive	incentive	NOUN
ftr-315	487	22	for	for	ADP
ftr-315	487	23	increased	increase	VERB
ftr-315	487	24	risk	risk	NOUN
ftr-315	487	25	taking	taking	NOUN
ftr-315	487	26	.	.	PUNCT
ftr-315	488	1	from	from	ADP
ftr-315	488	2	a	a	DET
ftr-315	488	3	partnership	partnership	NOUN
ftr-315	488	4	tax	tax	NOUN
ftr-315	488	5	perspective	perspective	NOUN
ftr-315	488	6	,	,	PUNCT
ftr-315	488	7	the	the	DET
ftr-315	488	8	addition	addition	NOUN
ftr-315	488	9	of	of	ADP
ftr-315	488	10	a	a	DET
ftr-315	488	11	limited	limited	ADJ
ftr-315	488	12	dro	dro	PROPN
ftr-315	488	13	would	would	AUX
ftr-315	488	14	have	have	VERB
ftr-315	488	15	a	a	DET
ftr-315	488	16	very	very	ADV
ftr-315	488	17	similar	similar	ADJ
ftr-315	488	18	economic	economic	ADJ
ftr-315	488	19	impact	impact	NOUN
ftr-315	488	20	as	as	ADP
ftr-315	488	21	an	an	DET
ftr-315	488	22	increase	increase	NOUN
ftr-315	488	23	to	to	ADP
ftr-315	488	24	the	the	DET
ftr-315	488	25	size	size	NOUN
ftr-315	488	26	of	of	ADP
ftr-315	488	27	the	the	DET
ftr-315	488	28	clawback	clawback	NOUN
ftr-315	488	29	obligation	obligation	NOUN
ftr-315	488	30	(	(	PUNCT
ftr-315	488	31	or	or	CCONJ
ftr-315	488	32	elimination	elimination	NOUN
ftr-315	488	33	/	/	SYM
ftr-315	488	34	reduction	reduction	NOUN
ftr-315	488	35	of	of	ADP
ftr-315	488	36	the	the	DET
ftr-315	488	37	after	after	ADP
ftr-315	488	38	-	-	PUNCT
ftr-315	488	39	tax	tax	NOUN
ftr-315	488	40	cap	cap	NOUN
ftr-315	488	41	on	on	ADP
ftr-315	488	42	the	the	DET
ftr-315	488	43	clawback	clawback	NOUN
ftr-315	488	44	obligation	obligation	NOUN
ftr-315	488	45	)	)	PUNCT
ftr-315	488	46	.	.	PUNCT
ftr-315	489	1	a	a	DET
ftr-315	489	2	limited	limited	ADJ
ftr-315	489	3	dro	dro	PROPN
ftr-315	489	4	,	,	PUNCT
ftr-315	489	5	however	however	ADV
ftr-315	489	6	,	,	PUNCT
ftr-315	489	7	could	could	AUX
ftr-315	489	8	present	present	VERB
ftr-315	489	9	as	as	ADP
ftr-315	489	10	a	a	DET
ftr-315	489	11	different	different	ADJ
ftr-315	489	12	business	business	NOUN
ftr-315	489	13	issue	issue	NOUN
ftr-315	489	14	than	than	ADP
ftr-315	489	15	a	a	DET
ftr-315	489	16	clawback	clawback	NOUN
ftr-315	489	17	primarily	primarily	ADV
ftr-315	489	18	because	because	SCONJ
ftr-315	489	19	(	(	PUNCT
ftr-315	489	20	1	1	X
ftr-315	489	21	)	)	PUNCT
ftr-315	489	22	a	a	DET
ftr-315	489	23	clawback	clawback	NOUN
ftr-315	489	24	is	be	AUX
ftr-315	489	25	a	a	DET
ftr-315	489	26	limited	limited	ADJ
ftr-315	489	27	dro	dro	NOUN
ftr-315	489	28	that	that	PRON
ftr-315	489	29	is	be	AUX
ftr-315	489	30	specifically	specifically	ADV
ftr-315	489	31	tied	tie	VERB
ftr-315	489	32	to	to	ADP
ftr-315	489	33	over	over	ADP
ftr-315	489	34	-	-	PUNCT
ftr-315	489	35	distributions	distribution	NOUN
ftr-315	489	36	of	of	ADP
ftr-315	489	37	carry	carry	NOUN
ftr-315	489	38	,	,	PUNCT
ftr-315	489	39	whereas	whereas	SCONJ
ftr-315	489	40	a	a	DET
ftr-315	489	41	more	more	ADV
ftr-315	489	42	general	general	ADJ
ftr-315	489	43	limited	limited	ADJ
ftr-315	489	44	dro	dro	PROPN
ftr-315	489	45	could	could	AUX
ftr-315	489	46	be	be	AUX
ftr-315	489	47	triggered	trigger	VERB
ftr-315	489	48	in	in	ADP
ftr-315	489	49	a	a	DET
ftr-315	489	50	wider	wide	ADJ
ftr-315	489	51	variety	variety	NOUN
ftr-315	489	52	of	of	ADP
ftr-315	489	53	circumstances	circumstance	NOUN
ftr-315	489	54	,	,	PUNCT
ftr-315	489	55	and	and	CCONJ
ftr-315	489	56	(	(	PUNCT
ftr-315	489	57	2	2	X
ftr-315	489	58	)	)	PUNCT
ftr-315	489	59	a	a	DET
ftr-315	489	60	limited	limited	ADJ
ftr-315	489	61	dro	dro	NOUN
ftr-315	489	62	may	may	AUX
ftr-315	489	63	be	be	AUX
ftr-315	489	64	located	locate	VERB
ftr-315	489	65	in	in	ADP
ftr-315	489	66	a	a	DET
ftr-315	489	67	different	different	ADJ
ftr-315	489	68	part	part	NOUN
ftr-315	489	69	of	of	ADP
ftr-315	489	70	the	the	DET
ftr-315	489	71	fund	fund	NOUN
ftr-315	489	72	agreement	agreement	NOUN
ftr-315	489	73	than	than	ADP
ftr-315	489	74	a	a	DET
ftr-315	489	75	clawback	clawback	NOUN
ftr-315	489	76	.	.	PUNCT
ftr-315	490	1	i	i	PRON
ftr-315	490	2	suspect	suspect	VERB
ftr-315	490	3	that	that	SCONJ
ftr-315	490	4	gps	gps	PROPN
ftr-315	490	5	are	be	AUX
ftr-315	490	6	likely	likely	ADJ
ftr-315	490	7	to	to	PART
ftr-315	490	8	resist	resist	VERB
ftr-315	490	9	this	this	DET
ftr-315	490	10	approach	approach	NOUN
ftr-315	490	11	for	for	ADP
ftr-315	490	12	the	the	DET
ftr-315	490	13	same	same	ADJ
ftr-315	490	14	reasons	reason	NOUN
ftr-315	490	15	that	that	PRON
ftr-315	490	16	gps	gp	VERB
ftr-315	490	17	typically	typically	ADV
ftr-315	490	18	resist	resist	VERB
ftr-315	490	19	any	any	DET
ftr-315	490	20	dro	dro	NOUN
ftr-315	490	21	—	—	PUNCT
ftr-315	490	22	they	they	PRON
ftr-315	490	23	do	do	AUX
ftr-315	490	24	not	not	PART
ftr-315	490	25	want	want	VERB
ftr-315	490	26	to	to	PART
ftr-315	490	27	increase	increase	VERB
ftr-315	490	28	their	their	PRON
ftr-315	490	29	downside	downside	ADJ
ftr-315	490	30	economic	economic	ADJ
ftr-315	490	31	exposure	exposure	NOUN
ftr-315	490	32	,	,	PUNCT
ftr-315	490	33	particularly	particularly	ADV
ftr-315	490	34	since	since	SCONJ
ftr-315	490	35	this	this	PRON
ftr-315	490	36	could	could	AUX
ftr-315	490	37	increase	increase	VERB
ftr-315	490	38	the	the	DET
ftr-315	490	39	gp	gp	NOUN
ftr-315	490	40	’s	’s	PART
ftr-315	490	41	exposure	exposure	NOUN
ftr-315	490	42	to	to	ADP
ftr-315	490	43	claims	claim	NOUN
ftr-315	490	44	from	from	ADP
ftr-315	490	45	the	the	DET
ftr-315	490	46	fund	fund	NOUN
ftr-315	490	47	’s	’s	PART
ftr-315	490	48	creditors	creditor	NOUN
ftr-315	490	49	.	.	PUNCT
ftr-315	491	1	nevertheless	nevertheless	ADV
ftr-315	491	2	,	,	PUNCT
ftr-315	491	3	this	this	PRON
ftr-315	491	4	may	may	AUX
ftr-315	491	5	be	be	AUX
ftr-315	491	6	an	an	DET
ftr-315	491	7	option	option	NOUN
ftr-315	491	8	for	for	ADP
ftr-315	491	9	lps	lps	PROPN
ftr-315	491	10	who	who	PRON
ftr-315	491	11	are	be	AUX
ftr-315	491	12	particularly	particularly	ADV
ftr-315	491	13	concerned	concerned	ADJ
ftr-315	491	14	about	about	ADP
ftr-315	491	15	loss	loss	NOUN
ftr-315	491	16	-	-	PUNCT
ftr-315	491	17	shifting	shifting	NOUN
ftr-315	491	18	.	.	PUNCT
ftr-315	492	1	80	80	NUM
ftr-315	492	2	.	.	PUNCT
ftr-315	493	1	see	see	VERB
ftr-315	493	2	supra	supra	PROPN
ftr-315	493	3	note	note	PROPN
ftr-315	493	4	44	44	NUM
ftr-315	493	5	(	(	PUNCT
ftr-315	493	6	explaining	explain	VERB
ftr-315	493	7	why	why	SCONJ
ftr-315	493	8	a	a	DET
ftr-315	493	9	fulfillment	fulfillment	NOUN
ftr-315	493	10	of	of	ADP
ftr-315	493	11	a	a	DET
ftr-315	493	12	clawback	clawback	NOUN
ftr-315	493	13	results	result	NOUN
ftr-315	493	14	in	in	ADP
ftr-315	493	15	a	a	DET
ftr-315	493	16	tax	tax	NOUN
ftr-315	493	17	loss	loss	NOUN
ftr-315	493	18	for	for	ADP
ftr-315	493	19	the	the	DET
ftr-315	493	20	gp	gp	NOUN
ftr-315	493	21	)	)	PUNCT
ftr-315	493	22	.	.	PUNCT
ftr-315	494	1	81	81	NUM
ftr-315	494	2	.	.	PUNCT
ftr-315	495	1	individuals	individual	NOUN
ftr-315	495	2	can	can	AUX
ftr-315	495	3	not	not	PART
ftr-315	495	4	carry	carry	VERB
ftr-315	495	5	capital	capital	NOUN
ftr-315	495	6	losses	loss	NOUN
ftr-315	495	7	back	back	ADV
ftr-315	495	8	to	to	PART
ftr-315	495	9	offset	offset	VERB
ftr-315	495	10	previously	previously	ADV
ftr-315	495	11	included	include	VERB
ftr-315	495	12	capital	capital	NOUN
ftr-315	495	13	gains	gain	NOUN
ftr-315	495	14	,	,	PUNCT
ftr-315	495	15	so	so	CCONJ
ftr-315	495	16	use	use	NOUN
ftr-315	495	17	of	of	ADP
ftr-315	495	18	the	the	DET
ftr-315	495	19	capital	capital	NOUN
ftr-315	495	20	loss	loss	NOUN
ftr-315	495	21	depends	depend	VERB
ftr-315	495	22	on	on	ADP
ftr-315	495	23	whether	whether	SCONJ
ftr-315	495	24	the	the	DET
ftr-315	495	25	individual	individual	ADJ
ftr-315	495	26	28	28	NUM
ftr-315	495	27	florida	florida	PROPN
ftr-315	495	28	tax	tax	NOUN
ftr-315	495	29	review	review	NOUN
ftr-315	496	1	[	[	X
ftr-315	496	2	vol.13:1	vol.13:1	X
ftr-315	496	3	quite	quite	ADV
ftr-315	496	4	likely	likely	ADV
ftr-315	496	5	incorrect	incorrect	ADJ
ftr-315	496	6	in	in	ADP
ftr-315	496	7	most	most	ADJ
ftr-315	496	8	cases	case	NOUN
ftr-315	496	9	.	.	PUNCT
ftr-315	497	1	so	so	ADV
ftr-315	497	2	,	,	PUNCT
ftr-315	497	3	the	the	DET
ftr-315	497	4	calculation	calculation	NOUN
ftr-315	497	5	of	of	ADP
ftr-315	497	6	the	the	DET
ftr-315	497	7	cap	cap	NOUN
ftr-315	497	8	on	on	ADP
ftr-315	497	9	the	the	DET
ftr-315	497	10	clawback	clawback	NOUN
ftr-315	497	11	would	would	AUX
ftr-315	497	12	better	well	ADV
ftr-315	497	13	reflect	reflect	VERB
ftr-315	497	14	the	the	DET
ftr-315	497	15	true	true	ADJ
ftr-315	497	16	economics	economic	NOUN
ftr-315	497	17	if	if	SCONJ
ftr-315	497	18	the	the	DET
ftr-315	497	19	gp	gp	NOUN
ftr-315	497	20	’s	’s	PART
ftr-315	497	21	clawback	clawback	NOUN
ftr-315	497	22	obligation	obligation	NOUN
ftr-315	497	23	is	be	AUX
ftr-315	497	24	not	not	PART
ftr-315	497	25	only	only	ADV
ftr-315	497	26	reduced	reduce	VERB
ftr-315	497	27	by	by	ADP
ftr-315	497	28	the	the	DET
ftr-315	497	29	full	full	ADJ
ftr-315	497	30	amount	amount	NOUN
ftr-315	497	31	of	of	ADP
ftr-315	497	32	the	the	DET
ftr-315	497	33	assumed	assumed	ADJ
ftr-315	497	34	tax	tax	NOUN
ftr-315	497	35	bill	bill	NOUN
ftr-315	497	36	on	on	ADP
ftr-315	497	37	the	the	DET
ftr-315	497	38	carry	carry	NOUN
ftr-315	497	39	,	,	PUNCT
ftr-315	497	40	but	but	CCONJ
ftr-315	497	41	is	be	AUX
ftr-315	497	42	also	also	ADV
ftr-315	497	43	increased	increase	VERB
ftr-315	497	44	by	by	ADP
ftr-315	497	45	the	the	DET
ftr-315	497	46	value	value	NOUN
ftr-315	497	47	of	of	ADP
ftr-315	497	48	the	the	DET
ftr-315	497	49	tax	tax	NOUN
ftr-315	497	50	loss	loss	NOUN
ftr-315	497	51	that	that	PRON
ftr-315	497	52	arises	arise	VERB
ftr-315	497	53	when	when	SCONJ
ftr-315	497	54	the	the	DET
ftr-315	497	55	gp	gp	NOUN
ftr-315	497	56	pays	pay	VERB
ftr-315	497	57	the	the	DET
ftr-315	497	58	clawback	clawback	NOUN
ftr-315	497	59	.	.	PUNCT
ftr-315	498	1	however	however	ADV
ftr-315	498	2	,	,	PUNCT
ftr-315	498	3	the	the	DET
ftr-315	498	4	inclusion	inclusion	NOUN
ftr-315	498	5	of	of	ADP
ftr-315	498	6	this	this	DET
ftr-315	498	7	additional	additional	ADJ
ftr-315	498	8	factor	factor	NOUN
ftr-315	498	9	is	be	AUX
ftr-315	498	10	“	"	PUNCT
ftr-315	498	11	often	often	ADV
ftr-315	498	12	resisted	resist	VERB
ftr-315	498	13	by	by	ADP
ftr-315	498	14	general	general	ADJ
ftr-315	498	15	partners	partner	NOUN
ftr-315	498	16	because	because	SCONJ
ftr-315	498	17	it	it	PRON
ftr-315	498	18	involves	involve	VERB
ftr-315	498	19	an	an	DET
ftr-315	498	20	analysis	analysis	NOUN
ftr-315	498	21	of	of	ADP
ftr-315	498	22	personal	personal	ADJ
ftr-315	498	23	tax	tax	NOUN
ftr-315	498	24	returns	return	NOUN
ftr-315	498	25	”	"	PUNCT
ftr-315	498	26	(	(	PUNCT
ftr-315	498	27	i.e.	i.e.	X
ftr-315	498	28	,	,	PUNCT
ftr-315	498	29	to	to	PART
ftr-315	498	30	determine	determine	VERB
ftr-315	498	31	the	the	DET
ftr-315	498	32	extent	extent	NOUN
ftr-315	498	33	to	to	PART
ftr-315	498	34	which	which	PRON
ftr-315	498	35	the	the	DET
ftr-315	498	36	gp	gp	NOUN
ftr-315	498	37	is	be	AUX
ftr-315	498	38	able	able	ADJ
ftr-315	498	39	to	to	PART
ftr-315	498	40	use	use	VERB
ftr-315	498	41	the	the	DET
ftr-315	498	42	loss).82	loss).82	PROPN
ftr-315	498	43	nevertheless	nevertheless	ADV
ftr-315	498	44	,	,	PUNCT
ftr-315	498	45	if	if	SCONJ
ftr-315	498	46	the	the	DET
ftr-315	498	47	tax	tax	NOUN
ftr-315	498	48	rate	rate	NOUN
ftr-315	498	49	on	on	ADP
ftr-315	498	50	the	the	DET
ftr-315	498	51	carry	carry	NOUN
ftr-315	498	52	increases	increase	NOUN
ftr-315	498	53	(	(	PUNCT
ftr-315	498	54	thereby	thereby	ADV
ftr-315	498	55	reducing	reduce	VERB
ftr-315	498	56	the	the	DET
ftr-315	498	57	size	size	NOUN
ftr-315	498	58	of	of	ADP
ftr-315	498	59	the	the	DET
ftr-315	498	60	after	after	ADP
ftr-315	498	61	-	-	PUNCT
ftr-315	498	62	tax	tax	NOUN
ftr-315	498	63	clawback	clawback	NOUN
ftr-315	498	64	,	,	PUNCT
ftr-315	498	65	and	and	CCONJ
ftr-315	498	66	increasing	increase	VERB
ftr-315	498	67	the	the	DET
ftr-315	498	68	loss	loss	NOUN
ftr-315	498	69	-	-	PUNCT
ftr-315	498	70	shifting	shift	VERB
ftr-315	498	71	and	and	CCONJ
ftr-315	498	72	risktaking	risktake	VERB
ftr-315	498	73	problems	problem	NOUN
ftr-315	498	74	described	describe	VERB
ftr-315	498	75	earlier	early	ADV
ftr-315	498	76	)	)	PUNCT
ftr-315	498	77	,	,	PUNCT
ftr-315	498	78	lps	lps	PROPN
ftr-315	498	79	may	may	AUX
ftr-315	498	80	feel	feel	VERB
ftr-315	498	81	more	more	ADV
ftr-315	498	82	strongly	strongly	ADV
ftr-315	498	83	about	about	ADP
ftr-315	498	84	using	use	VERB
ftr-315	498	85	a	a	DET
ftr-315	498	86	more	more	ADV
ftr-315	498	87	economically	economically	ADV
ftr-315	498	88	accurate	accurate	ADJ
ftr-315	498	89	formula	formula	NOUN
ftr-315	498	90	for	for	ADP
ftr-315	498	91	calculating	calculate	VERB
ftr-315	498	92	the	the	DET
ftr-315	498	93	cap	cap	NOUN
ftr-315	498	94	on	on	ADP
ftr-315	498	95	the	the	DET
ftr-315	498	96	clawback	clawback	NOUN
ftr-315	498	97	.	.	PUNCT
ftr-315	499	1	in	in	ADP
ftr-315	499	2	turn	turn	NOUN
ftr-315	499	3	,	,	PUNCT
ftr-315	499	4	the	the	DET
ftr-315	499	5	lps	lps	PROPN
ftr-315	499	6	may	may	AUX
ftr-315	499	7	be	be	AUX
ftr-315	499	8	able	able	ADJ
ftr-315	499	9	to	to	PART
ftr-315	499	10	put	put	VERB
ftr-315	499	11	more	more	ADJ
ftr-315	499	12	and	and	CCONJ
ftr-315	499	13	more	more	ADJ
ftr-315	499	14	pressure	pressure	NOUN
ftr-315	499	15	on	on	ADP
ftr-315	499	16	the	the	DET
ftr-315	499	17	gp	gp	NOUN
ftr-315	499	18	to	to	PART
ftr-315	499	19	agree	agree	VERB
ftr-315	499	20	that	that	SCONJ
ftr-315	499	21	the	the	DET
ftr-315	499	22	clawback	clawback	NOUN
ftr-315	499	23	amount	amount	NOUN
ftr-315	499	24	—	—	PUNCT
ftr-315	499	25	the	the	DET
ftr-315	499	26	gp	gp	NOUN
ftr-315	499	27	’s	’s	PART
ftr-315	499	28	after	after	ADP
ftr-315	499	29	-	-	PUNCT
ftr-315	499	30	tax	tax	NOUN
ftr-315	499	31	carry	carry	NOUN
ftr-315	499	32	—	—	PUNCT
ftr-315	499	33	should	should	AUX
ftr-315	499	34	take	take	VERB
ftr-315	499	35	into	into	ADP
ftr-315	499	36	account	account	NOUN
ftr-315	499	37	the	the	DET
ftr-315	499	38	value	value	NOUN
ftr-315	499	39	of	of	ADP
ftr-315	499	40	the	the	DET
ftr-315	499	41	gp	gp	NOUN
ftr-315	499	42	’s	’s	PART
ftr-315	499	43	tax	tax	NOUN
ftr-315	499	44	loss	loss	NOUN
ftr-315	499	45	resulting	result	VERB
ftr-315	499	46	from	from	ADP
ftr-315	499	47	the	the	DET
ftr-315	499	48	clawback	clawback	NOUN
ftr-315	499	49	.	.	PUNCT
ftr-315	500	1	the	the	DET
ftr-315	500	2	“	"	PUNCT
ftr-315	500	3	personally	personally	ADV
ftr-315	500	4	intrusive”83	intrusive”83	ADJ
ftr-315	500	5	nature	nature	NOUN
ftr-315	500	6	of	of	ADP
ftr-315	500	7	the	the	DET
ftr-315	500	8	determination	determination	NOUN
ftr-315	500	9	of	of	ADP
ftr-315	500	10	the	the	DET
ftr-315	500	11	value	value	NOUN
ftr-315	500	12	of	of	ADP
ftr-315	500	13	this	this	DET
ftr-315	500	14	tax	tax	NOUN
ftr-315	500	15	benefit	benefit	NOUN
ftr-315	500	16	can	can	AUX
ftr-315	500	17	be	be	AUX
ftr-315	500	18	mitigated	mitigate	VERB
ftr-315	500	19	by	by	ADP
ftr-315	500	20	either	either	CCONJ
ftr-315	500	21	(	(	PUNCT
ftr-315	500	22	1	1	X
ftr-315	500	23	)	)	PUNCT
ftr-315	500	24	using	use	VERB
ftr-315	500	25	an	an	DET
ftr-315	500	26	assumed	assumed	ADJ
ftr-315	500	27	rate	rate	NOUN
ftr-315	500	28	of	of	ADP
ftr-315	500	29	tax	tax	NOUN
ftr-315	500	30	benefit84	benefit84	NOUN
ftr-315	500	31	(	(	PUNCT
ftr-315	500	32	which	which	PRON
ftr-315	500	33	need	need	AUX
ftr-315	500	34	not	not	PART
ftr-315	500	35	assume	assume	VERB
ftr-315	500	36	full	full	ADJ
ftr-315	500	37	usability	usability	NOUN
ftr-315	500	38	of	of	ADP
ftr-315	500	39	the	the	DET
ftr-315	500	40	loss	loss	NOUN
ftr-315	500	41	)	)	PUNCT
ftr-315	500	42	or	or	CCONJ
ftr-315	500	43	(	(	PUNCT
ftr-315	500	44	2	2	NUM
ftr-315	500	45	)	)	PUNCT
ftr-315	500	46	by	by	ADP
ftr-315	500	47	using	use	VERB
ftr-315	500	48	the	the	DET
ftr-315	500	49	gp	gp	NOUN
ftr-315	500	50	’s	’s	PART
ftr-315	500	51	good	good	ADJ
ftr-315	500	52	faith	faith	NOUN
ftr-315	500	53	estimate	estimate	NOUN
ftr-315	500	54	of	of	ADP
ftr-315	500	55	the	the	DET
ftr-315	500	56	value	value	NOUN
ftr-315	500	57	of	of	ADP
ftr-315	500	58	the	the	DET
ftr-315	500	59	tax	tax	NOUN
ftr-315	500	60	benefit	benefit	NOUN
ftr-315	500	61	.	.	PUNCT
ftr-315	501	1	moreover	moreover	ADV
ftr-315	501	2	,	,	PUNCT
ftr-315	501	3	the	the	DET
ftr-315	501	4	enactment	enactment	NOUN
ftr-315	501	5	of	of	ADP
ftr-315	501	6	the	the	DET
ftr-315	501	7	carried	carry	VERB
ftr-315	501	8	interest	interest	NOUN
ftr-315	501	9	tax	tax	NOUN
ftr-315	501	10	proposals	proposal	NOUN
ftr-315	501	11	actually	actually	ADV
ftr-315	501	12	increases	increase	VERB
ftr-315	501	13	the	the	DET
ftr-315	501	14	likelihood	likelihood	NOUN
ftr-315	501	15	that	that	SCONJ
ftr-315	501	16	the	the	DET
ftr-315	501	17	loss	loss	NOUN
ftr-315	501	18	arising	arise	VERB
ftr-315	501	19	from	from	ADP
ftr-315	501	20	a	a	DET
ftr-315	501	21	clawback	clawback	NOUN
ftr-315	501	22	payment	payment	NOUN
ftr-315	501	23	will	will	AUX
ftr-315	501	24	largely	largely	ADV
ftr-315	501	25	or	or	CCONJ
ftr-315	501	26	fully	fully	ADV
ftr-315	501	27	compensate	compensate	VERB
ftr-315	501	28	the	the	DET
ftr-315	501	29	gp	gp	NOUN
ftr-315	501	30	for	for	ADP
ftr-315	501	31	excess	excess	ADJ
ftr-315	501	32	taxes	taxis	NOUN
ftr-315	501	33	paid	pay	VERB
ftr-315	501	34	on	on	ADP
ftr-315	501	35	the	the	DET
ftr-315	501	36	carry	carry	NOUN
ftr-315	501	37	.	.	PUNCT
ftr-315	502	1	given	give	VERB
ftr-315	502	2	that	that	SCONJ
ftr-315	502	3	the	the	DET
ftr-315	502	4	carried	carry	VERB
ftr-315	502	5	interest	interest	NOUN
ftr-315	502	6	tax	tax	NOUN
ftr-315	502	7	proposals	proposal	NOUN
ftr-315	502	8	would	would	AUX
ftr-315	502	9	tax	tax	VERB
ftr-315	502	10	(	(	PUNCT
ftr-315	502	11	some	some	PRON
ftr-315	502	12	or	or	CCONJ
ftr-315	502	13	all	all	PRON
ftr-315	502	14	of	of	ADP
ftr-315	502	15	)	)	PUNCT
ftr-315	502	16	the	the	DET
ftr-315	502	17	carry	carry	NOUN
ftr-315	502	18	at	at	ADP
ftr-315	502	19	ordinary	ordinary	ADJ
ftr-315	502	20	income	income	NOUN
ftr-315	502	21	rates	rate	NOUN
ftr-315	502	22	,	,	PUNCT
ftr-315	502	23	the	the	DET
ftr-315	502	24	gp	gp	NOUN
ftr-315	502	25	’s	’s	PART
ftr-315	502	26	tax	tax	NOUN
ftr-315	502	27	loss	loss	NOUN
ftr-315	502	28	upon	upon	SCONJ
ftr-315	502	29	fulfilling	fulfil	VERB
ftr-315	502	30	a	a	DET
ftr-315	502	31	clawback	clawback	NOUN
ftr-315	502	32	obligation	obligation	NOUN
ftr-315	502	33	is	be	AUX
ftr-315	502	34	arguably	arguably	ADV
ftr-315	502	35	characterized	characterize	VERB
ftr-315	502	36	as	as	ADP
ftr-315	502	37	an	an	DET
ftr-315	502	38	ordinary	ordinary	ADJ
ftr-315	502	39	loss	loss	NOUN
ftr-315	502	40	rather	rather	ADV
ftr-315	502	41	than	than	ADP
ftr-315	502	42	a	a	DET
ftr-315	502	43	capital	capital	NOUN
ftr-315	502	44	loss.85	loss.85	NOUN
ftr-315	502	45	since	since	SCONJ
ftr-315	502	46	ordinary	ordinary	ADJ
ftr-315	502	47	losses	loss	NOUN
ftr-315	502	48	are	be	AUX
ftr-315	502	49	not	not	PART
ftr-315	502	50	subject	subject	ADJ
ftr-315	502	51	to	to	ADP
ftr-315	502	52	limitations	limitation	NOUN
ftr-315	502	53	on	on	ADP
ftr-315	502	54	use	use	NOUN
ftr-315	502	55	to	to	PART
ftr-315	502	56	has	have	VERB
ftr-315	502	57	capital	capital	NOUN
ftr-315	502	58	gains	gain	NOUN
ftr-315	502	59	from	from	ADP
ftr-315	502	60	another	another	DET
ftr-315	502	61	source	source	NOUN
ftr-315	502	62	during	during	ADP
ftr-315	502	63	the	the	DET
ftr-315	502	64	year	year	NOUN
ftr-315	502	65	of	of	ADP
ftr-315	502	66	the	the	DET
ftr-315	502	67	loss	loss	NOUN
ftr-315	502	68	or	or	CCONJ
ftr-315	502	69	in	in	ADP
ftr-315	502	70	subsequent	subsequent	ADJ
ftr-315	502	71	years	year	NOUN
ftr-315	502	72	.	.	PUNCT
ftr-315	503	1	i.r.c	i.r.c	NOUN
ftr-315	503	2	.	.	PUNCT
ftr-315	504	1	§	§	PROPN
ftr-315	504	2	1211	1211	NUM
ftr-315	504	3	.	.	PUNCT
ftr-315	505	1	82	82	NUM
ftr-315	505	2	.	.	PUNCT
ftr-315	505	3	breslow	breslow	NOUN
ftr-315	505	4	,	,	PUNCT
ftr-315	505	5	selected	select	VERB
ftr-315	505	6	excerpts	excerpt	NOUN
ftr-315	505	7	,	,	PUNCT
ftr-315	505	8	supra	supra	PROPN
ftr-315	505	9	note	note	NOUN
ftr-315	505	10	17	17	NUM
ftr-315	505	11	,	,	PUNCT
ftr-315	505	12	at	at	ADP
ftr-315	505	13	§	§	PROPN
ftr-315	505	14	2.8.1[g][4	2.8.1[g][4	NUM
ftr-315	505	15	]	]	PUNCT
ftr-315	505	16	;	;	PUNCT
ftr-315	505	17	see	see	VERB
ftr-315	505	18	also	also	ADV
ftr-315	505	19	needham	needham	PROPN
ftr-315	505	20	,	,	PUNCT
ftr-315	505	21	private	private	ADJ
ftr-315	505	22	equity	equity	NOUN
ftr-315	505	23	funds	fund	NOUN
ftr-315	505	24	,	,	PUNCT
ftr-315	506	1	supra	supra	PROPN
ftr-315	506	2	note	note	PROPN
ftr-315	506	3	17	17	NUM
ftr-315	506	4	,	,	PUNCT
ftr-315	506	5	at	at	ADP
ftr-315	506	6	iii.b.4	iii.b.4	PROPN
ftr-315	506	7	.	.	PUNCT
ftr-315	507	1	(	(	PUNCT
ftr-315	507	2	“	"	PUNCT
ftr-315	507	3	fund	fund	NOUN
ftr-315	507	4	investors	investor	NOUN
ftr-315	507	5	usually	usually	ADV
ftr-315	507	6	accept	accept	VERB
ftr-315	507	7	the	the	DET
ftr-315	507	8	possibility	possibility	NOUN
ftr-315	507	9	of	of	ADP
ftr-315	507	10	a	a	DET
ftr-315	507	11	windfall	windfall	NOUN
ftr-315	507	12	to	to	ADP
ftr-315	507	13	the	the	DET
ftr-315	507	14	general	general	ADJ
ftr-315	507	15	partner	partner	NOUN
ftr-315	507	16	[	[	X
ftr-315	507	17	that	that	PRON
ftr-315	507	18	arises	arise	VERB
ftr-315	507	19	from	from	ADP
ftr-315	507	20	ignoring	ignore	VERB
ftr-315	507	21	the	the	DET
ftr-315	507	22	potential	potential	ADJ
ftr-315	507	23	tax	tax	NOUN
ftr-315	507	24	benefit	benefit	NOUN
ftr-315	507	25	to	to	ADP
ftr-315	507	26	the	the	DET
ftr-315	507	27	general	general	ADJ
ftr-315	507	28	partner	partner	NOUN
ftr-315	507	29	as	as	ADP
ftr-315	507	30	a	a	DET
ftr-315	507	31	result	result	NOUN
ftr-315	507	32	of	of	ADP
ftr-315	507	33	the	the	DET
ftr-315	507	34	clawback	clawback	NOUN
ftr-315	507	35	]	]	PUNCT
ftr-315	507	36	,	,	PUNCT
ftr-315	507	37	perhaps	perhaps	ADV
ftr-315	507	38	in	in	ADP
ftr-315	507	39	the	the	DET
ftr-315	507	40	belief	belief	NOUN
ftr-315	507	41	that	that	SCONJ
ftr-315	507	42	the	the	DET
ftr-315	507	43	general	general	ADJ
ftr-315	507	44	partner	partner	NOUN
ftr-315	507	45	will	will	AUX
ftr-315	507	46	earn	earn	VERB
ftr-315	507	47	positive	positive	ADJ
ftr-315	507	48	returns	return	NOUN
ftr-315	507	49	on	on	ADP
ftr-315	507	50	invested	invest	VERB
ftr-315	507	51	capital	capital	NOUN
ftr-315	507	52	.	.	PUNCT
ftr-315	507	53	”	"	PUNCT
ftr-315	507	54	)	)	PUNCT
ftr-315	507	55	.	.	PUNCT
ftr-315	508	1	83	83	NUM
ftr-315	508	2	.	.	PUNCT
ftr-315	509	1	breslow	breslow	NOUN
ftr-315	509	2	,	,	PUNCT
ftr-315	509	3	selected	select	VERB
ftr-315	509	4	excerpts	excerpt	NOUN
ftr-315	509	5	,	,	PUNCT
ftr-315	509	6	supra	supra	PROPN
ftr-315	509	7	note	note	NOUN
ftr-315	509	8	17	17	NUM
ftr-315	509	9	.	.	PUNCT
ftr-315	509	10	84	84	NUM
ftr-315	509	11	.	.	PUNCT
ftr-315	510	1	an	an	DET
ftr-315	510	2	assumed	assume	VERB
ftr-315	510	3	rate	rate	NOUN
ftr-315	510	4	for	for	ADP
ftr-315	510	5	calculating	calculate	VERB
ftr-315	510	6	the	the	DET
ftr-315	510	7	gp	gp	NOUN
ftr-315	510	8	’s	’s	PART
ftr-315	510	9	tax	tax	NOUN
ftr-315	510	10	liability	liability	NOUN
ftr-315	510	11	on	on	ADP
ftr-315	510	12	the	the	DET
ftr-315	510	13	carry	carry	NOUN
ftr-315	510	14	and	and	CCONJ
ftr-315	510	15	an	an	DET
ftr-315	510	16	assumed	assumed	ADJ
ftr-315	510	17	rate	rate	NOUN
ftr-315	510	18	for	for	ADP
ftr-315	510	19	calculating	calculate	VERB
ftr-315	510	20	the	the	DET
ftr-315	510	21	gp	gp	NOUN
ftr-315	510	22	’s	’s	PART
ftr-315	510	23	tax	tax	NOUN
ftr-315	510	24	benefit	benefit	NOUN
ftr-315	510	25	from	from	ADP
ftr-315	510	26	the	the	DET
ftr-315	510	27	clawback	clawback	NOUN
ftr-315	510	28	can	can	AUX
ftr-315	510	29	be	be	AUX
ftr-315	510	30	simplified	simplify	VERB
ftr-315	510	31	,	,	PUNCT
ftr-315	510	32	on	on	ADP
ftr-315	510	33	net	net	NOUN
ftr-315	510	34	,	,	PUNCT
ftr-315	510	35	to	to	ADP
ftr-315	510	36	a	a	DET
ftr-315	510	37	single	single	ADJ
ftr-315	510	38	assumed	assume	VERB
ftr-315	510	39	rate	rate	NOUN
ftr-315	510	40	.	.	PUNCT
ftr-315	511	1	for	for	ADP
ftr-315	511	2	example	example	NOUN
ftr-315	511	3	,	,	PUNCT
ftr-315	511	4	assuming	assume	VERB
ftr-315	511	5	a	a	DET
ftr-315	511	6	40	40	NUM
ftr-315	511	7	percent	percent	NOUN
ftr-315	511	8	tax	tax	NOUN
ftr-315	511	9	rate	rate	NOUN
ftr-315	511	10	on	on	ADP
ftr-315	511	11	the	the	DET
ftr-315	511	12	carry	carry	NOUN
ftr-315	511	13	and	and	CCONJ
ftr-315	511	14	a	a	DET
ftr-315	511	15	10	10	NUM
ftr-315	511	16	percent	percent	NOUN
ftr-315	511	17	tax	tax	NOUN
ftr-315	511	18	benefit	benefit	NOUN
ftr-315	511	19	on	on	ADP
ftr-315	511	20	the	the	DET
ftr-315	511	21	clawback	clawback	NOUN
ftr-315	511	22	(	(	PUNCT
ftr-315	511	23	discounted	discount	VERB
ftr-315	511	24	perhaps	perhaps	ADV
ftr-315	511	25	to	to	PART
ftr-315	511	26	reflect	reflect	VERB
ftr-315	511	27	the	the	DET
ftr-315	511	28	gp	gp	NOUN
ftr-315	511	29	’s	’s	PART
ftr-315	511	30	ability	ability	NOUN
ftr-315	511	31	to	to	PART
ftr-315	511	32	use	use	VERB
ftr-315	511	33	the	the	DET
ftr-315	511	34	benefit	benefit	NOUN
ftr-315	511	35	)	)	PUNCT
ftr-315	511	36	,	,	PUNCT
ftr-315	511	37	could	could	AUX
ftr-315	511	38	net	net	VERB
ftr-315	511	39	out	out	ADP
ftr-315	511	40	to	to	ADP
ftr-315	511	41	an	an	DET
ftr-315	511	42	assumed	assumed	ADJ
ftr-315	511	43	30	30	NUM
ftr-315	511	44	percent	percent	NOUN
ftr-315	511	45	rate	rate	NOUN
ftr-315	511	46	of	of	ADP
ftr-315	511	47	tax	tax	NOUN
ftr-315	511	48	for	for	ADP
ftr-315	511	49	calculating	calculate	VERB
ftr-315	511	50	the	the	DET
ftr-315	511	51	clawback	clawback	NOUN
ftr-315	511	52	cap	cap	NOUN
ftr-315	511	53	(	(	PUNCT
ftr-315	511	54	i.e.	i.e.	X
ftr-315	511	55	,	,	PUNCT
ftr-315	511	56	the	the	DET
ftr-315	511	57	amount	amount	NOUN
ftr-315	511	58	of	of	ADP
ftr-315	511	59	the	the	DET
ftr-315	511	60	gp	gp	NOUN
ftr-315	511	61	’s	’s	PART
ftr-315	511	62	net	net	ADJ
ftr-315	511	63	after	after	ADP
ftr-315	511	64	-	-	PUNCT
ftr-315	511	65	tax	tax	NOUN
ftr-315	511	66	carry	carry	NOUN
ftr-315	511	67	)	)	PUNCT
ftr-315	511	68	.	.	PUNCT
ftr-315	512	1	85	85	NUM
ftr-315	512	2	.	.	PUNCT
ftr-315	512	3	i.r.c	i.r.c	NOUN
ftr-315	512	4	.	.	PUNCT
ftr-315	513	1	§	§	PROPN
ftr-315	513	2	165(c)(1	165(c)(1	NUM
ftr-315	513	3	)	)	PUNCT
ftr-315	513	4	.	.	PUNCT
ftr-315	514	1	the	the	DET
ftr-315	514	2	availability	availability	NOUN
ftr-315	514	3	of	of	ADP
ftr-315	514	4	an	an	DET
ftr-315	514	5	ordinary	ordinary	ADJ
ftr-315	514	6	deduction	deduction	NOUN
ftr-315	514	7	when	when	SCONJ
ftr-315	514	8	the	the	DET
ftr-315	514	9	gp	gp	NOUN
ftr-315	514	10	fulfills	fulfill	VERB
ftr-315	514	11	its	its	PRON
ftr-315	514	12	clawback	clawback	NOUN
ftr-315	514	13	obligation	obligation	NOUN
ftr-315	514	14	is	be	AUX
ftr-315	514	15	suggested	suggest	VERB
ftr-315	514	16	by	by	ADP
ftr-315	514	17	the	the	DET
ftr-315	514	18	tax	tax	NOUN
ftr-315	514	19	benefit	benefit	NOUN
ftr-315	514	20	rule	rule	NOUN
ftr-315	514	21	.	.	PUNCT
ftr-315	515	1	there	there	PRON
ftr-315	515	2	is	be	VERB
ftr-315	515	3	some	some	DET
ftr-315	515	4	risk	risk	NOUN
ftr-315	515	5	that	that	SCONJ
ftr-315	515	6	the	the	DET
ftr-315	515	7	loss	loss	NOUN
ftr-315	515	8	could	could	AUX
ftr-315	515	9	still	still	ADV
ftr-315	515	10	be	be	AUX
ftr-315	515	11	characterized	characterize	VERB
ftr-315	515	12	as	as	ADP
ftr-315	515	13	ltcl	ltcl	NOUN
ftr-315	515	14	even	even	ADV
ftr-315	515	15	if	if	SCONJ
ftr-315	515	16	the	the	DET
ftr-315	515	17	income	income	NOUN
ftr-315	515	18	was	be	AUX
ftr-315	515	19	taxed	tax	VERB
ftr-315	515	20	as	as	ADP
ftr-315	515	21	ordinary	ordinary	ADJ
ftr-315	515	22	income	income	NOUN
ftr-315	515	23	.	.	PUNCT
ftr-315	516	1	this	this	PRON
ftr-315	516	2	is	be	AUX
ftr-315	516	3	because	because	SCONJ
ftr-315	516	4	repayment	repayment	NOUN
ftr-315	516	5	of	of	ADP
ftr-315	516	6	the	the	DET
ftr-315	516	7	clawback	clawback	NOUN
ftr-315	516	8	obligation	obligation	NOUN
ftr-315	516	9	could	could	AUX
ftr-315	516	10	be	be	AUX
ftr-315	516	11	2012	2012	NUM
ftr-315	516	12	]	]	PUNCT
ftr-315	516	13	“	"	PUNCT
ftr-315	516	14	carried	carry	VERB
ftr-315	516	15	interest	interest	NOUN
ftr-315	516	16	”	"	PUNCT
ftr-315	516	17	tax	tax	NOUN
ftr-315	516	18	proposals	proposal	NOUN
ftr-315	516	19	29	29	NUM
ftr-315	516	20	which	which	PRON
ftr-315	516	21	capital	capital	NOUN
ftr-315	516	22	losses	loss	NOUN
ftr-315	516	23	are	be	AUX
ftr-315	516	24	subject	subject	ADJ
ftr-315	516	25	,	,	PUNCT
ftr-315	516	26	the	the	DET
ftr-315	516	27	lps	lps	PROPN
ftr-315	516	28	can	can	AUX
ftr-315	516	29	argue	argue	VERB
ftr-315	516	30	that	that	SCONJ
ftr-315	516	31	the	the	DET
ftr-315	516	32	calculation	calculation	NOUN
ftr-315	516	33	of	of	ADP
ftr-315	516	34	the	the	DET
ftr-315	516	35	after	after	ADP
ftr-315	516	36	-	-	PUNCT
ftr-315	516	37	tax	tax	NOUN
ftr-315	516	38	carry	carry	NOUN
ftr-315	516	39	ought	ought	AUX
ftr-315	516	40	to	to	PART
ftr-315	516	41	assume	assume	VERB
ftr-315	516	42	full	full	ADJ
ftr-315	516	43	usability	usability	NOUN
ftr-315	516	44	of	of	ADP
ftr-315	516	45	any	any	DET
ftr-315	516	46	losses	loss	NOUN
ftr-315	516	47	arising	arise	VERB
ftr-315	516	48	from	from	ADP
ftr-315	516	49	the	the	DET
ftr-315	516	50	clawback	clawback	NOUN
ftr-315	516	51	obligation	obligation	NOUN
ftr-315	516	52	.	.	PUNCT
ftr-315	517	1	under	under	ADP
ftr-315	517	2	this	this	DET
ftr-315	517	3	assumption	assumption	NOUN
ftr-315	517	4	,	,	PUNCT
ftr-315	517	5	the	the	DET
ftr-315	517	6	gp	gp	NOUN
ftr-315	517	7	’s	’s	PART
ftr-315	517	8	argument	argument	NOUN
ftr-315	517	9	against	against	ADP
ftr-315	517	10	taking	take	VERB
ftr-315	517	11	the	the	DET
ftr-315	517	12	value	value	NOUN
ftr-315	517	13	of	of	ADP
ftr-315	517	14	the	the	DET
ftr-315	517	15	tax	tax	NOUN
ftr-315	517	16	loss	loss	NOUN
ftr-315	517	17	into	into	ADP
ftr-315	517	18	account	account	NOUN
ftr-315	517	19	is	be	AUX
ftr-315	517	20	significantly	significantly	ADV
ftr-315	517	21	weakened	weaken	VERB
ftr-315	517	22	(	(	PUNCT
ftr-315	517	23	almost	almost	ADV
ftr-315	517	24	made	make	VERB
ftr-315	517	25	meritless	meritless	NOUN
ftr-315	517	26	)	)	PUNCT
ftr-315	517	27	because	because	SCONJ
ftr-315	517	28	valuation	valuation	NOUN
ftr-315	517	29	of	of	ADP
ftr-315	517	30	the	the	DET
ftr-315	517	31	loss	loss	NOUN
ftr-315	517	32	would	would	AUX
ftr-315	517	33	no	no	ADV
ftr-315	517	34	longer	long	ADV
ftr-315	517	35	require	require	VERB
ftr-315	517	36	“	"	PUNCT
ftr-315	517	37	an	an	DET
ftr-315	517	38	analysis	analysis	NOUN
ftr-315	517	39	of	of	ADP
ftr-315	517	40	personal	personal	ADJ
ftr-315	517	41	tax	tax	NOUN
ftr-315	517	42	returns	return	NOUN
ftr-315	517	43	.	.	PUNCT
ftr-315	517	44	”	"	PUNCT
ftr-315	518	1	in	in	ADP
ftr-315	518	2	turn	turn	NOUN
ftr-315	518	3	,	,	PUNCT
ftr-315	518	4	the	the	DET
ftr-315	518	5	lps	lps	PROPN
ftr-315	518	6	’	'	PUNCT
ftr-315	518	7	argument	argument	NOUN
ftr-315	518	8	that	that	SCONJ
ftr-315	518	9	the	the	DET
ftr-315	518	10	value	value	NOUN
ftr-315	518	11	of	of	ADP
ftr-315	518	12	the	the	DET
ftr-315	518	13	tax	tax	NOUN
ftr-315	518	14	loss	loss	NOUN
ftr-315	518	15	should	should	AUX
ftr-315	518	16	be	be	AUX
ftr-315	518	17	taken	take	VERB
ftr-315	518	18	into	into	ADP
ftr-315	518	19	account	account	NOUN
ftr-315	518	20	when	when	SCONJ
ftr-315	518	21	determining	determine	VERB
ftr-315	518	22	the	the	DET
ftr-315	518	23	gp	gp	NOUN
ftr-315	518	24	’s	’s	PART
ftr-315	518	25	clawback	clawback	NOUN
ftr-315	518	26	obligation	obligation	NOUN
ftr-315	518	27	(	(	PUNCT
ftr-315	518	28	i.e.	i.e.	X
ftr-315	518	29	,	,	PUNCT
ftr-315	518	30	the	the	DET
ftr-315	518	31	after	after	ADP
ftr-315	518	32	-	-	PUNCT
ftr-315	518	33	tax	tax	NOUN
ftr-315	518	34	carry	carry	NOUN
ftr-315	518	35	)	)	PUNCT
ftr-315	518	36	is	be	AUX
ftr-315	518	37	significantly	significantly	ADV
ftr-315	518	38	strengthened	strengthen	VERB
ftr-315	518	39	.	.	PUNCT
ftr-315	519	1	that	that	PRON
ftr-315	519	2	is	be	AUX
ftr-315	519	3	,	,	PUNCT
ftr-315	519	4	if	if	SCONJ
ftr-315	519	5	the	the	DET
ftr-315	519	6	gp	gp	NOUN
ftr-315	519	7	’s	’s	PART
ftr-315	519	8	tax	tax	NOUN
ftr-315	519	9	loss	loss	NOUN
ftr-315	519	10	is	be	AUX
ftr-315	519	11	ordinary	ordinary	ADJ
ftr-315	519	12	and	and	CCONJ
ftr-315	519	13	fully	fully	ADV
ftr-315	519	14	usable	usable	ADJ
ftr-315	519	15	,	,	PUNCT
ftr-315	519	16	the	the	DET
ftr-315	519	17	gp	gp	NOUN
ftr-315	519	18	is	be	AUX
ftr-315	519	19	quite	quite	ADV
ftr-315	519	20	likely	likely	ADJ
ftr-315	519	21	to	to	PART
ftr-315	519	22	be	be	AUX
ftr-315	519	23	able	able	ADJ
ftr-315	519	24	to	to	PART
ftr-315	519	25	recover	recover	VERB
ftr-315	519	26	any	any	DET
ftr-315	519	27	excess	excess	ADJ
ftr-315	519	28	tax	tax	NOUN
ftr-315	519	29	paid	pay	VERB
ftr-315	519	30	on	on	ADP
ftr-315	519	31	the	the	DET
ftr-315	519	32	portion	portion	NOUN
ftr-315	519	33	of	of	ADP
ftr-315	519	34	the	the	DET
ftr-315	519	35	carry	carry	NOUN
ftr-315	519	36	that	that	PRON
ftr-315	519	37	the	the	DET
ftr-315	519	38	gp	gp	NOUN
ftr-315	519	39	ultimately	ultimately	ADV
ftr-315	519	40	had	have	VERB
ftr-315	519	41	to	to	PART
ftr-315	519	42	return	return	VERB
ftr-315	519	43	.	.	PUNCT
ftr-315	520	1	this	this	PRON
ftr-315	520	2	is	be	AUX
ftr-315	520	3	particularly	particularly	ADV
ftr-315	520	4	true	true	ADJ
ftr-315	520	5	given	give	VERB
ftr-315	520	6	that	that	SCONJ
ftr-315	520	7	the	the	DET
ftr-315	520	8	“	"	PUNCT
ftr-315	520	9	make	make	VERB
ftr-315	520	10	whole	whole	ADJ
ftr-315	520	11	”	"	PUNCT
ftr-315	520	12	rule	rule	NOUN
ftr-315	520	13	of	of	ADP
ftr-315	520	14	section	section	NOUN
ftr-315	520	15	1341	1341	NUM
ftr-315	520	16	arguably	arguably	ADV
ftr-315	520	17	(	(	PUNCT
ftr-315	520	18	but	but	CCONJ
ftr-315	520	19	not	not	PART
ftr-315	520	20	certainly	certainly	ADV
ftr-315	520	21	)	)	PUNCT
ftr-315	520	22	applies	apply	VERB
ftr-315	520	23	to	to	ADP
ftr-315	520	24	the	the	DET
ftr-315	520	25	gp	gp	NOUN
ftr-315	520	26	’s	’s	PART
ftr-315	520	27	loss,86	loss,86	NOUN
ftr-315	520	28	which	which	PRON
ftr-315	520	29	would	would	AUX
ftr-315	520	30	considered	consider	VERB
ftr-315	520	31	to	to	PART
ftr-315	520	32	be	be	AUX
ftr-315	520	33	a	a	DET
ftr-315	520	34	capital	capital	NOUN
ftr-315	520	35	contribution	contribution	NOUN
ftr-315	520	36	that	that	PRON
ftr-315	520	37	generates	generate	VERB
ftr-315	520	38	basis	basis	NOUN
ftr-315	520	39	in	in	ADP
ftr-315	520	40	the	the	DET
ftr-315	520	41	partnership	partnership	NOUN
ftr-315	520	42	interest	interest	NOUN
ftr-315	520	43	.	.	PUNCT
ftr-315	521	1	then	then	ADV
ftr-315	521	2	,	,	PUNCT
ftr-315	521	3	when	when	SCONJ
ftr-315	521	4	the	the	DET
ftr-315	521	5	gp	gp	NOUN
ftr-315	521	6	does	do	AUX
ftr-315	521	7	not	not	PART
ftr-315	521	8	receive	receive	VERB
ftr-315	521	9	that	that	DET
ftr-315	521	10	money	money	NOUN
ftr-315	521	11	back	back	ADV
ftr-315	521	12	in	in	ADP
ftr-315	521	13	the	the	DET
ftr-315	521	14	liquidation	liquidation	NOUN
ftr-315	521	15	of	of	ADP
ftr-315	521	16	the	the	DET
ftr-315	521	17	partnership	partnership	NOUN
ftr-315	521	18	,	,	PUNCT
ftr-315	521	19	the	the	DET
ftr-315	521	20	gp	gp	NOUN
ftr-315	521	21	may	may	AUX
ftr-315	521	22	be	be	AUX
ftr-315	521	23	viewed	view	VERB
ftr-315	521	24	as	as	ADP
ftr-315	521	25	recognizing	recognize	VERB
ftr-315	521	26	a	a	DET
ftr-315	521	27	loss	loss	NOUN
ftr-315	521	28	arising	arise	VERB
ftr-315	521	29	from	from	ADP
ftr-315	521	30	the	the	DET
ftr-315	521	31	liquidation	liquidation	NOUN
ftr-315	521	32	of	of	ADP
ftr-315	521	33	the	the	DET
ftr-315	521	34	partnership	partnership	NOUN
ftr-315	521	35	,	,	PUNCT
ftr-315	521	36	which	which	PRON
ftr-315	521	37	is	be	AUX
ftr-315	521	38	generally	generally	ADV
ftr-315	521	39	treated	treat	VERB
ftr-315	521	40	as	as	ADP
ftr-315	521	41	a	a	DET
ftr-315	521	42	capital	capital	NOUN
ftr-315	521	43	loss	loss	NOUN
ftr-315	521	44	.	.	PUNCT
ftr-315	522	1	i.r.c	i.r.c	NOUN
ftr-315	522	2	.	.	PUNCT
ftr-315	523	1	§	§	PROPN
ftr-315	523	2	731(a)(2	731(a)(2	PROPN
ftr-315	523	3	)	)	PUNCT
ftr-315	523	4	(	(	PUNCT
ftr-315	523	5	flush	flush	ADJ
ftr-315	523	6	language	language	NOUN
ftr-315	523	7	)	)	PUNCT
ftr-315	523	8	.	.	PUNCT
ftr-315	524	1	86	86	NUM
ftr-315	524	2	.	.	PUNCT
ftr-315	524	3	i.r.c	i.r.c	NOUN
ftr-315	524	4	.	.	PUNCT
ftr-315	525	1	§	§	PROPN
ftr-315	525	2	1341	1341	NUM
ftr-315	525	3	.	.	PUNCT
ftr-315	526	1	section	section	NOUN
ftr-315	526	2	1341	1341	NUM
ftr-315	526	3	applies	apply	VERB
ftr-315	526	4	if	if	SCONJ
ftr-315	526	5	three	three	NUM
ftr-315	526	6	requirements	requirement	NOUN
ftr-315	526	7	are	be	AUX
ftr-315	526	8	met	meet	VERB
ftr-315	526	9	.	.	PUNCT
ftr-315	527	1	first	first	ADV
ftr-315	527	2	,	,	PUNCT
ftr-315	527	3	the	the	DET
ftr-315	527	4	taxpayer	taxpayer	NOUN
ftr-315	527	5	must	must	AUX
ftr-315	527	6	have	have	AUX
ftr-315	527	7	included	include	VERB
ftr-315	527	8	an	an	DET
ftr-315	527	9	amount	amount	NOUN
ftr-315	527	10	in	in	ADP
ftr-315	527	11	income	income	NOUN
ftr-315	527	12	for	for	ADP
ftr-315	527	13	a	a	DET
ftr-315	527	14	prior	prior	ADJ
ftr-315	527	15	taxable	taxable	ADJ
ftr-315	527	16	year	year	NOUN
ftr-315	527	17	because	because	SCONJ
ftr-315	527	18	it	it	PRON
ftr-315	527	19	appeared	appear	VERB
ftr-315	527	20	that	that	SCONJ
ftr-315	527	21	the	the	DET
ftr-315	527	22	taxpayer	taxpayer	NOUN
ftr-315	527	23	had	have	VERB
ftr-315	527	24	a	a	DET
ftr-315	527	25	right	right	NOUN
ftr-315	527	26	to	to	ADP
ftr-315	527	27	the	the	DET
ftr-315	527	28	income	income	NOUN
ftr-315	527	29	.	.	PUNCT
ftr-315	528	1	i	i	PRON
ftr-315	528	2	d.	d.	PROPN
ftr-315	528	3	at	at	ADP
ftr-315	528	4	§	§	PROPN
ftr-315	528	5	1341(a)(1	1341(a)(1	NUM
ftr-315	528	6	)	)	PUNCT
ftr-315	528	7	.	.	PUNCT
ftr-315	529	1	carry	carry	VERB
ftr-315	529	2	distributions	distribution	NOUN
ftr-315	529	3	are	be	AUX
ftr-315	529	4	made	make	VERB
ftr-315	529	5	to	to	PART
ftr-315	529	6	gps	gps	VERB
ftr-315	529	7	on	on	ADP
ftr-315	529	8	the	the	DET
ftr-315	529	9	basis	basis	NOUN
ftr-315	529	10	that	that	SCONJ
ftr-315	529	11	gps	gps	PROPN
ftr-315	529	12	are	be	AUX
ftr-315	529	13	entitled	entitle	VERB
ftr-315	529	14	to	to	ADP
ftr-315	529	15	that	that	DET
ftr-315	529	16	money	money	NOUN
ftr-315	529	17	;	;	PUNCT
ftr-315	529	18	however	however	ADV
ftr-315	529	19	,	,	PUNCT
ftr-315	529	20	given	give	VERB
ftr-315	529	21	the	the	DET
ftr-315	529	22	contingent	contingent	ADJ
ftr-315	529	23	clawback	clawback	NOUN
ftr-315	529	24	obligation	obligation	NOUN
ftr-315	529	25	,	,	PUNCT
ftr-315	529	26	the	the	DET
ftr-315	529	27	gp	gp	NOUN
ftr-315	529	28	’s	’s	PART
ftr-315	529	29	entitlement	entitlement	NOUN
ftr-315	529	30	to	to	ADP
ftr-315	529	31	the	the	DET
ftr-315	529	32	carry	carry	NOUN
ftr-315	529	33	distribution	distribution	NOUN
ftr-315	529	34	is	be	AUX
ftr-315	529	35	arguably	arguably	ADV
ftr-315	529	36	“	"	PUNCT
ftr-315	529	37	apparent	apparent	ADJ
ftr-315	529	38	”	"	PUNCT
ftr-315	529	39	and	and	CCONJ
ftr-315	529	40	not	not	PART
ftr-315	529	41	certain	certain	ADJ
ftr-315	529	42	.	.	PUNCT
ftr-315	530	1	that	that	PRON
ftr-315	530	2	said	say	VERB
ftr-315	530	3	,	,	PUNCT
ftr-315	530	4	there	there	PRON
ftr-315	530	5	is	be	VERB
ftr-315	530	6	some	some	DET
ftr-315	530	7	risk	risk	NOUN
ftr-315	530	8	that	that	SCONJ
ftr-315	530	9	the	the	DET
ftr-315	530	10	carry	carry	NOUN
ftr-315	530	11	could	could	AUX
ftr-315	530	12	be	be	AUX
ftr-315	530	13	conceived	conceive	VERB
ftr-315	530	14	of	of	ADP
ftr-315	530	15	as	as	ADP
ftr-315	530	16	an	an	DET
ftr-315	530	17	unchallengeable	unchallengeable	ADJ
ftr-315	530	18	right	right	NOUN
ftr-315	530	19	to	to	ADP
ftr-315	530	20	funds	fund	NOUN
ftr-315	530	21	,	,	PUNCT
ftr-315	530	22	which	which	PRON
ftr-315	530	23	is	be	AUX
ftr-315	530	24	undermined	undermine	VERB
ftr-315	530	25	by	by	ADP
ftr-315	530	26	the	the	DET
ftr-315	530	27	subsequent	subsequent	ADJ
ftr-315	530	28	facts	fact	NOUN
ftr-315	530	29	that	that	PRON
ftr-315	530	30	trigger	trigger	VERB
ftr-315	530	31	the	the	DET
ftr-315	530	32	clawback	clawback	NOUN
ftr-315	530	33	obligation	obligation	NOUN
ftr-315	530	34	.	.	PUNCT
ftr-315	531	1	the	the	DET
ftr-315	531	2	difference	difference	NOUN
ftr-315	531	3	between	between	ADP
ftr-315	531	4	an	an	DET
ftr-315	531	5	“	"	PUNCT
ftr-315	531	6	apparent	apparent	ADJ
ftr-315	531	7	right	right	NOUN
ftr-315	531	8	”	"	PUNCT
ftr-315	531	9	to	to	ADP
ftr-315	531	10	funds	fund	NOUN
ftr-315	531	11	(	(	PUNCT
ftr-315	531	12	that	that	PRON
ftr-315	531	13	triggers	trigger	VERB
ftr-315	531	14	section	section	NOUN
ftr-315	531	15	1341	1341	NUM
ftr-315	531	16	)	)	PUNCT
ftr-315	531	17	and	and	CCONJ
ftr-315	531	18	an	an	DET
ftr-315	531	19	“	"	PUNCT
ftr-315	531	20	unchallengeable	unchallengeable	ADJ
ftr-315	531	21	right	right	NOUN
ftr-315	531	22	undermined	undermine	VERB
ftr-315	531	23	by	by	ADP
ftr-315	531	24	subsequent	subsequent	ADJ
ftr-315	531	25	facts	fact	NOUN
ftr-315	531	26	”	"	PUNCT
ftr-315	531	27	(	(	PUNCT
ftr-315	531	28	to	to	PART
ftr-315	531	29	which	which	DET
ftr-315	531	30	section	section	NOUN
ftr-315	531	31	1341	1341	NUM
ftr-315	531	32	does	do	AUX
ftr-315	531	33	not	not	PART
ftr-315	531	34	apply	apply	VERB
ftr-315	531	35	)	)	PUNCT
ftr-315	531	36	is	be	AUX
ftr-315	531	37	slight	slight	ADJ
ftr-315	531	38	,	,	PUNCT
ftr-315	531	39	but	but	CCONJ
ftr-315	531	40	it	it	PRON
ftr-315	531	41	is	be	AUX
ftr-315	531	42	critical	critical	ADJ
ftr-315	531	43	for	for	ADP
ftr-315	531	44	purposes	purpose	NOUN
ftr-315	531	45	of	of	ADP
ftr-315	531	46	determining	determine	VERB
ftr-315	531	47	whether	whether	SCONJ
ftr-315	531	48	a	a	DET
ftr-315	531	49	taxpayer	taxpayer	NOUN
ftr-315	531	50	will	will	AUX
ftr-315	531	51	benefit	benefit	VERB
ftr-315	531	52	from	from	ADP
ftr-315	531	53	the	the	DET
ftr-315	531	54	“	"	PUNCT
ftr-315	531	55	make	make	VERB
ftr-315	531	56	whole	whole	ADJ
ftr-315	531	57	”	"	PUNCT
ftr-315	531	58	provision	provision	NOUN
ftr-315	531	59	of	of	ADP
ftr-315	531	60	section	section	NOUN
ftr-315	531	61	1341	1341	NUM
ftr-315	531	62	.	.	PUNCT
ftr-315	532	1	see	see	VERB
ftr-315	532	2	boris	boris	PROPN
ftr-315	532	3	i.	i.	PROPN
ftr-315	532	4	bittker	bittker	PROPN
ftr-315	532	5	,	,	PUNCT
ftr-315	532	6	martin	martin	PROPN
ftr-315	532	7	j.	j.	PROPN
ftr-315	532	8	mcmahon	mcmahon	PROPN
ftr-315	532	9	,	,	PUNCT
ftr-315	532	10	jr	jr	PROPN
ftr-315	532	11	.	.	PROPN
ftr-315	532	12	&	&	CCONJ
ftr-315	532	13	lawrence	lawrence	PROPN
ftr-315	532	14	a.	a.	PROPN
ftr-315	532	15	zelenak	zelenak	PROPN
ftr-315	532	16	,	,	PUNCT
ftr-315	532	17	federal	federal	ADJ
ftr-315	532	18	income	income	NOUN
ftr-315	532	19	taxation	taxation	NOUN
ftr-315	532	20	of	of	ADP
ftr-315	532	21	individuals	individual	NOUN
ftr-315	532	22	¶	¶	PROPN
ftr-315	532	23	4.03[4	4.03[4	PROPN
ftr-315	532	24	]	]	X
ftr-315	532	25	,	,	PUNCT
ftr-315	532	26	n.49	n.49	X
ftr-315	532	27	(	(	PUNCT
ftr-315	532	28	2d	2d	PROPN
ftr-315	532	29	ed	ed	NOUN
ftr-315	532	30	.	.	PROPN
ftr-315	532	31	2011	2011	NUM
ftr-315	532	32	)	)	PUNCT
ftr-315	532	33	(	(	PUNCT
ftr-315	532	34	citing	cite	VERB
ftr-315	532	35	cases	case	NOUN
ftr-315	532	36	)	)	PUNCT
ftr-315	533	1	[	[	X
ftr-315	533	2	hereinafter	hereinafter	NOUN
ftr-315	533	3	,	,	PUNCT
ftr-315	533	4	bittker	bittker	NOUN
ftr-315	533	5	,	,	PUNCT
ftr-315	533	6	mcmahon	mcmahon	PROPN
ftr-315	533	7	&	&	CCONJ
ftr-315	533	8	zelenak	zelenak	PROPN
ftr-315	533	9	,	,	PUNCT
ftr-315	533	10	taxation	taxation	NOUN
ftr-315	533	11	]	]	PUNCT
ftr-315	533	12	.	.	PUNCT
ftr-315	534	1	second	second	ADJ
ftr-315	534	2	,	,	PUNCT
ftr-315	534	3	for	for	ADP
ftr-315	534	4	section	section	NOUN
ftr-315	534	5	1341	1341	NUM
ftr-315	534	6	to	to	PART
ftr-315	534	7	apply	apply	VERB
ftr-315	534	8	,	,	PUNCT
ftr-315	534	9	“	"	PUNCT
ftr-315	534	10	a	a	DET
ftr-315	534	11	deduction	deduction	NOUN
ftr-315	534	12	[	[	X
ftr-315	534	13	must	must	AUX
ftr-315	534	14	be	be	AUX
ftr-315	534	15	]	]	PUNCT
ftr-315	534	16	allowable	allowable	ADJ
ftr-315	534	17	for	for	ADP
ftr-315	534	18	the	the	DET
ftr-315	534	19	taxable	taxable	ADJ
ftr-315	534	20	year	year	NOUN
ftr-315	534	21	because	because	SCONJ
ftr-315	534	22	it	it	PRON
ftr-315	534	23	was	be	AUX
ftr-315	534	24	established	establish	VERB
ftr-315	534	25	after	after	ADP
ftr-315	534	26	the	the	DET
ftr-315	534	27	close	close	NOUN
ftr-315	534	28	of	of	ADP
ftr-315	534	29	such	such	ADJ
ftr-315	534	30	prior	prior	ADJ
ftr-315	534	31	taxable	taxable	ADJ
ftr-315	534	32	year	year	NOUN
ftr-315	534	33	(	(	PUNCT
ftr-315	534	34	or	or	CCONJ
ftr-315	534	35	years	year	NOUN
ftr-315	534	36	)	)	PUNCT
ftr-315	534	37	that	that	SCONJ
ftr-315	534	38	the	the	DET
ftr-315	534	39	taxpayer	taxpayer	NOUN
ftr-315	534	40	did	do	AUX
ftr-315	534	41	not	not	PART
ftr-315	534	42	have	have	VERB
ftr-315	534	43	an	an	DET
ftr-315	534	44	unrestricted	unrestricted	ADJ
ftr-315	534	45	right	right	NOUN
ftr-315	534	46	to	to	ADP
ftr-315	534	47	such	such	ADJ
ftr-315	534	48	item	item	NOUN
ftr-315	534	49	or	or	CCONJ
ftr-315	534	50	to	to	ADP
ftr-315	534	51	a	a	DET
ftr-315	534	52	portion	portion	NOUN
ftr-315	534	53	of	of	ADP
ftr-315	534	54	such	such	ADJ
ftr-315	534	55	item	item	NOUN
ftr-315	534	56	.	.	PUNCT
ftr-315	534	57	”	"	PUNCT
ftr-315	534	58	i.r.c	i.r.c	NOUN
ftr-315	534	59	.	.	PUNCT
ftr-315	535	1	§	§	PROPN
ftr-315	535	2	1341(a)(2	1341(a)(2	NUM
ftr-315	535	3	)	)	PUNCT
ftr-315	535	4	.	.	PUNCT
ftr-315	536	1	a	a	DET
ftr-315	536	2	clawback	clawback	NOUN
ftr-315	536	3	obligation	obligation	NOUN
ftr-315	536	4	is	be	AUX
ftr-315	536	5	triggered	trigger	VERB
ftr-315	536	6	when	when	SCONJ
ftr-315	536	7	it	it	PRON
ftr-315	536	8	is	be	AUX
ftr-315	536	9	determined	determine	VERB
ftr-315	536	10	that	that	SCONJ
ftr-315	536	11	the	the	DET
ftr-315	536	12	gp	gp	NOUN
ftr-315	536	13	did	do	AUX
ftr-315	536	14	not	not	PART
ftr-315	536	15	,	,	PUNCT
ftr-315	536	16	in	in	ADP
ftr-315	536	17	fact	fact	NOUN
ftr-315	536	18	,	,	PUNCT
ftr-315	536	19	have	have	VERB
ftr-315	536	20	an	an	DET
ftr-315	536	21	unrestricted	unrestricted	ADJ
ftr-315	536	22	right	right	NOUN
ftr-315	536	23	to	to	ADP
ftr-315	536	24	the	the	DET
ftr-315	536	25	previously	previously	ADV
ftr-315	536	26	distributed	distribute	VERB
ftr-315	536	27	carry	carry	NOUN
ftr-315	536	28	,	,	PUNCT
ftr-315	536	29	and	and	CCONJ
ftr-315	536	30	the	the	DET
ftr-315	536	31	clawback	clawback	NOUN
ftr-315	536	32	obligation	obligation	NOUN
ftr-315	536	33	produces	produce	VERB
ftr-315	536	34	a	a	DET
ftr-315	536	35	tax	tax	NOUN
ftr-315	536	36	loss	loss	NOUN
ftr-315	536	37	allowable	allowable	ADJ
ftr-315	536	38	under	under	ADP
ftr-315	536	39	section	section	NOUN
ftr-315	536	40	165	165	NUM
ftr-315	536	41	.	.	PUNCT
ftr-315	537	1	third	third	ADJ
ftr-315	537	2	,	,	PUNCT
ftr-315	537	3	the	the	DET
ftr-315	537	4	deduction	deduction	NOUN
ftr-315	537	5	must	must	AUX
ftr-315	537	6	exceed	exceed	VERB
ftr-315	537	7	$	$	SYM
ftr-315	537	8	3000	3000	NUM
ftr-315	537	9	,	,	PUNCT
ftr-315	537	10	and	and	CCONJ
ftr-315	537	11	for	for	ADP
ftr-315	537	12	purposes	purpose	NOUN
ftr-315	537	13	of	of	ADP
ftr-315	537	14	this	this	DET
ftr-315	537	15	analysis	analysis	NOUN
ftr-315	537	16	,	,	PUNCT
ftr-315	537	17	i	i	PRON
ftr-315	537	18	assume	assume	VERB
ftr-315	537	19	that	that	SCONJ
ftr-315	537	20	this	this	DET
ftr-315	537	21	threshold	threshold	NOUN
ftr-315	537	22	is	be	AUX
ftr-315	537	23	satisfied	satisfied	ADJ
ftr-315	537	24	.	.	PUNCT
ftr-315	538	1	i	i	PRON
ftr-315	538	2	d.	d.	PROPN
ftr-315	538	3	at	at	ADP
ftr-315	538	4	§	§	NOUN
ftr-315	538	5	1341(a)(3	1341(a)(3	NUM
ftr-315	538	6	)	)	PUNCT
ftr-315	538	7	.	.	PUNCT
ftr-315	539	1	see	see	VERB
ftr-315	539	2	also	also	ADV
ftr-315	539	3	generally	generally	ADV
ftr-315	539	4	bittker	bittker	VERB
ftr-315	539	5	,	,	PUNCT
ftr-315	539	6	mcmahon	mcmahon	PROPN
ftr-315	539	7	&	&	CCONJ
ftr-315	539	8	zelenak	zelenak	PROPN
ftr-315	539	9	,	,	PUNCT
ftr-315	539	10	taxation	taxation	NOUN
ftr-315	539	11	,	,	PUNCT
ftr-315	539	12	supra	supra	NOUN
ftr-315	539	13	at	at	ADP
ftr-315	539	14	¶	¶	PROPN
ftr-315	539	15	4.03[4	4.03[4	PROPN
ftr-315	539	16	]	]	X
ftr-315	539	17	(	(	PUNCT
ftr-315	539	18	discussing	discuss	VERB
ftr-315	539	19	the	the	DET
ftr-315	539	20	application	application	NOUN
ftr-315	539	21	of	of	ADP
ftr-315	539	22	section	section	NOUN
ftr-315	539	23	1341	1341	NUM
ftr-315	539	24	to	to	ADP
ftr-315	539	25	situations	situation	NOUN
ftr-315	539	26	where	where	SCONJ
ftr-315	539	27	taxpayer	taxpayer	NOUN
ftr-315	539	28	repays	repay	VERB
ftr-315	539	29	amounts	amount	NOUN
ftr-315	539	30	received	receive	VERB
ftr-315	539	31	under	under	ADP
ftr-315	539	32	claim	claim	NOUN
ftr-315	539	33	of	of	ADP
ftr-315	539	34	right	right	NOUN
ftr-315	539	35	)	)	PUNCT
ftr-315	539	36	;	;	PUNCT
ftr-315	539	37	matthew	matthew	PROPN
ftr-315	539	38	a.	a.	PROPN
ftr-315	539	39	melone	melone	PROPN
ftr-315	539	40	,	,	PUNCT
ftr-315	539	41	adding	add	VERB
ftr-315	539	42	insult	insult	NOUN
ftr-315	539	43	to	to	ADP
ftr-315	539	44	injury	injury	NOUN
ftr-315	539	45	:	:	PUNCT
ftr-315	539	46	the	the	DET
ftr-315	539	47	federal	federal	ADJ
ftr-315	539	48	income	income	NOUN
ftr-315	539	49	tax	tax	NOUN
ftr-315	539	50	consequences	consequence	NOUN
ftr-315	539	51	of	of	ADP
ftr-315	539	52	the	the	DET
ftr-315	539	53	clawback	clawback	NOUN
ftr-315	539	54	of	of	ADP
ftr-315	539	55	executive	executive	ADJ
ftr-315	539	56	compensation	compensation	NOUN
ftr-315	539	57	,	,	PUNCT
ftr-315	539	58	25	25	NUM
ftr-315	539	59	akron	akron	PROPN
ftr-315	539	60	tax	tax	NOUN
ftr-315	539	61	j.	j.	PROPN
ftr-315	539	62	55	55	NUM
ftr-315	539	63	,	,	PUNCT
ftr-315	539	64	84–95	84–95	NUM
ftr-315	539	65	(	(	PUNCT
ftr-315	539	66	2010	2010	NUM
ftr-315	539	67	)	)	PUNCT
ftr-315	539	68	;	;	PUNCT
ftr-315	539	69	rosina	rosina	PROPN
ftr-315	539	70	30	30	NUM
ftr-315	539	71	florida	florida	PROPN
ftr-315	539	72	tax	tax	NOUN
ftr-315	539	73	review	review	NOUN
ftr-315	539	74	[	[	X
ftr-315	539	75	vol.13:1	vol.13:1	NOUN
ftr-315	539	76	ensure	ensure	VERB
ftr-315	539	77	that	that	SCONJ
ftr-315	539	78	the	the	DET
ftr-315	539	79	gp	gp	NOUN
ftr-315	539	80	’s	’s	PART
ftr-315	539	81	tax	tax	NOUN
ftr-315	539	82	liability	liability	NOUN
ftr-315	539	83	for	for	ADP
ftr-315	539	84	the	the	DET
ftr-315	539	85	year	year	NOUN
ftr-315	539	86	of	of	ADP
ftr-315	539	87	the	the	DET
ftr-315	539	88	clawback	clawback	NOUN
ftr-315	539	89	is	be	AUX
ftr-315	539	90	reduced	reduce	VERB
ftr-315	539	91	by	by	ADP
ftr-315	539	92	at	at	ADV
ftr-315	539	93	least	least	ADJ
ftr-315	539	94	the	the	DET
ftr-315	539	95	tax	tax	NOUN
ftr-315	539	96	previously	previously	ADV
ftr-315	539	97	paid	pay	VERB
ftr-315	539	98	on	on	ADP
ftr-315	539	99	the	the	DET
ftr-315	539	100	clawback	clawback	NOUN
ftr-315	539	101	amount,87	amount,87	NOUN
ftr-315	539	102	thereby	thereby	ADV
ftr-315	539	103	fully	fully	ADV
ftr-315	539	104	reimbursing	reimburse	VERB
ftr-315	539	105	the	the	DET
ftr-315	539	106	gp	gp	NOUN
ftr-315	539	107	(	(	PUNCT
ftr-315	539	108	setting	set	VERB
ftr-315	539	109	aside	aside	ADV
ftr-315	539	110	the	the	DET
ftr-315	539	111	time	time	NOUN
ftr-315	539	112	value	value	NOUN
ftr-315	539	113	of	of	ADP
ftr-315	539	114	money	money	NOUN
ftr-315	539	115	)	)	PUNCT
ftr-315	539	116	for	for	ADP
ftr-315	539	117	the	the	DET
ftr-315	539	118	excess	excess	ADJ
ftr-315	539	119	taxes	taxis	NOUN
ftr-315	539	120	paid	pay	VERB
ftr-315	539	121	.	.	PUNCT
ftr-315	540	1	thus	thus	ADV
ftr-315	540	2	,	,	PUNCT
ftr-315	540	3	if	if	SCONJ
ftr-315	540	4	the	the	DET
ftr-315	540	5	tax	tax	NOUN
ftr-315	540	6	loss	loss	NOUN
ftr-315	540	7	will	will	AUX
ftr-315	540	8	effectively	effectively	ADV
ftr-315	540	9	refund	refund	VERB
ftr-315	540	10	to	to	ADP
ftr-315	540	11	the	the	DET
ftr-315	540	12	gp	gp	NOUN
ftr-315	540	13	all	all	DET
ftr-315	540	14	excess	excess	ADJ
ftr-315	540	15	taxes	taxis	NOUN
ftr-315	540	16	paid	pay	VERB
ftr-315	540	17	on	on	ADP
ftr-315	540	18	the	the	DET
ftr-315	540	19	portion	portion	NOUN
ftr-315	540	20	of	of	ADP
ftr-315	540	21	the	the	DET
ftr-315	540	22	carry	carry	NOUN
ftr-315	540	23	that	that	PRON
ftr-315	540	24	the	the	DET
ftr-315	540	25	gp	gp	NOUN
ftr-315	540	26	ultimately	ultimately	ADV
ftr-315	540	27	had	have	VERB
ftr-315	540	28	to	to	PART
ftr-315	540	29	return	return	VERB
ftr-315	540	30	(	(	PUNCT
ftr-315	540	31	setting	set	VERB
ftr-315	540	32	aside	aside	ADV
ftr-315	540	33	the	the	DET
ftr-315	540	34	time	time	NOUN
ftr-315	540	35	value	value	NOUN
ftr-315	540	36	of	of	ADP
ftr-315	540	37	money	money	NOUN
ftr-315	540	38	)	)	PUNCT
ftr-315	540	39	,	,	PUNCT
ftr-315	540	40	the	the	DET
ftr-315	540	41	lps	lps	PROPN
ftr-315	540	42	have	have	VERB
ftr-315	540	43	a	a	DET
ftr-315	540	44	very	very	ADV
ftr-315	540	45	strong	strong	ADJ
ftr-315	540	46	argument	argument	NOUN
ftr-315	540	47	that	that	SCONJ
ftr-315	540	48	the	the	DET
ftr-315	540	49	clawback	clawback	NOUN
ftr-315	540	50	obligation	obligation	NOUN
ftr-315	540	51	should	should	AUX
ftr-315	540	52	be	be	AUX
ftr-315	540	53	limited	limit	VERB
ftr-315	540	54	only	only	ADV
ftr-315	540	55	to	to	ADP
ftr-315	540	56	the	the	DET
ftr-315	540	57	pre	pre	NOUN
ftr-315	540	58	-	-	NOUN
ftr-315	540	59	tax	tax	NOUN
ftr-315	540	60	,	,	PUNCT
ftr-315	540	61	and	and	CCONJ
ftr-315	540	62	not	not	PART
ftr-315	540	63	after	after	ADP
ftr-315	540	64	-	-	PUNCT
ftr-315	540	65	tax	tax	NOUN
ftr-315	540	66	,	,	PUNCT
ftr-315	540	67	carry.88	carry.88	NOUN
ftr-315	540	68	(	(	PUNCT
ftr-315	540	69	d	d	NOUN
ftr-315	540	70	)	)	PUNCT
ftr-315	540	71	restructure	restructure	NOUN
ftr-315	540	72	the	the	DET
ftr-315	540	73	carry	carry	NOUN
ftr-315	540	74	as	as	ADP
ftr-315	540	75	a	a	DET
ftr-315	540	76	contingent	contingent	ADJ
ftr-315	540	77	fee	fee	NOUN
ftr-315	540	78	to	to	ADP
ftr-315	540	79	the	the	DET
ftr-315	540	80	extent	extent	NOUN
ftr-315	540	81	that	that	SCONJ
ftr-315	540	82	the	the	DET
ftr-315	540	83	parties	party	NOUN
ftr-315	540	84	want	want	VERB
ftr-315	540	85	greater	great	ADJ
ftr-315	540	86	certainty	certainty	NOUN
ftr-315	540	87	that	that	SCONJ
ftr-315	540	88	,	,	PUNCT
ftr-315	540	89	upon	upon	SCONJ
ftr-315	540	90	a	a	DET
ftr-315	540	91	forfeiture	forfeiture	NOUN
ftr-315	540	92	of	of	ADP
ftr-315	540	93	amounts	amount	NOUN
ftr-315	540	94	previously	previously	ADV
ftr-315	540	95	received	receive	VERB
ftr-315	540	96	,	,	PUNCT
ftr-315	540	97	the	the	DET
ftr-315	540	98	gp	gp	NOUN
ftr-315	540	99	will	will	AUX
ftr-315	540	100	benefit	benefit	VERB
ftr-315	540	101	from	from	ADP
ftr-315	540	102	a	a	DET
ftr-315	540	103	reduction	reduction	NOUN
ftr-315	540	104	in	in	ADP
ftr-315	540	105	tax	tax	NOUN
ftr-315	540	106	liability	liability	NOUN
ftr-315	540	107	at	at	ADP
ftr-315	540	108	least	least	ADJ
ftr-315	540	109	equal	equal	ADJ
ftr-315	540	110	to	to	ADP
ftr-315	540	111	the	the	DET
ftr-315	540	112	tax	tax	NOUN
ftr-315	540	113	previously	previously	ADV
ftr-315	540	114	paid	pay	VERB
ftr-315	540	115	on	on	ADP
ftr-315	540	116	the	the	DET
ftr-315	540	117	amount	amount	NOUN
ftr-315	540	118	forfeited	forfeit	VERB
ftr-315	540	119	,	,	PUNCT
ftr-315	540	120	the	the	DET
ftr-315	540	121	parties	party	NOUN
ftr-315	540	122	could	could	AUX
ftr-315	540	123	restructure	restructure	VERB
ftr-315	540	124	the	the	DET
ftr-315	540	125	carry	carry	NOUN
ftr-315	540	126	into	into	ADP
ftr-315	540	127	an	an	DET
ftr-315	540	128	economic	economic	ADJ
ftr-315	540	129	relationship	relationship	NOUN
ftr-315	540	130	to	to	PART
ftr-315	540	131	which	which	PRON
ftr-315	540	132	section	section	NOUN
ftr-315	540	133	1341	1341	NUM
ftr-315	540	134	more	more	ADV
ftr-315	540	135	clearly	clearly	ADV
ftr-315	540	136	applies	apply	VERB
ftr-315	540	137	.	.	PUNCT
ftr-315	541	1	for	for	ADP
ftr-315	541	2	example	example	NOUN
ftr-315	541	3	,	,	PUNCT
ftr-315	541	4	rather	rather	ADV
ftr-315	541	5	than	than	ADP
ftr-315	541	6	structuring	structure	VERB
ftr-315	541	7	the	the	DET
ftr-315	541	8	gp	gp	NOUN
ftr-315	541	9	’s	’s	PART
ftr-315	541	10	entitlement	entitlement	NOUN
ftr-315	541	11	to	to	ADP
ftr-315	541	12	20	20	NUM
ftr-315	541	13	percent	percent	NOUN
ftr-315	541	14	of	of	ADP
ftr-315	541	15	profits	profit	NOUN
ftr-315	541	16	as	as	ADP
ftr-315	541	17	a	a	DET
ftr-315	541	18	profits	profit	NOUN
ftr-315	541	19	interest	interest	NOUN
ftr-315	541	20	in	in	ADP
ftr-315	541	21	a	a	DET
ftr-315	541	22	partnership	partnership	NOUN
ftr-315	541	23	,	,	PUNCT
ftr-315	541	24	the	the	DET
ftr-315	541	25	gp	gp	NOUN
ftr-315	541	26	’s	’s	PART
ftr-315	541	27	entitlement	entitlement	NOUN
ftr-315	541	28	to	to	ADP
ftr-315	541	29	20	20	NUM
ftr-315	541	30	percent	percent	NOUN
ftr-315	541	31	of	of	ADP
ftr-315	541	32	profits	profit	NOUN
ftr-315	541	33	could	could	AUX
ftr-315	541	34	be	be	AUX
ftr-315	541	35	structured	structure	VERB
ftr-315	541	36	as	as	ADP
ftr-315	541	37	a	a	DET
ftr-315	541	38	“	"	PUNCT
ftr-315	541	39	contingent	contingent	ADJ
ftr-315	541	40	fee	fee	NOUN
ftr-315	541	41	”	"	PUNCT
ftr-315	541	42	equal	equal	ADJ
ftr-315	541	43	to	to	ADP
ftr-315	541	44	20	20	NUM
ftr-315	541	45	percent	percent	NOUN
ftr-315	541	46	of	of	ADP
ftr-315	541	47	the	the	DET
ftr-315	541	48	total	total	ADJ
ftr-315	541	49	profits.89	profits.89	NOUN
ftr-315	541	50	a	a	DET
ftr-315	541	51	contingent	contingent	ADJ
ftr-315	541	52	fee	fee	NOUN
ftr-315	541	53	for	for	ADP
ftr-315	541	54	services	service	NOUN
ftr-315	541	55	is	be	AUX
ftr-315	541	56	a	a	DET
ftr-315	541	57	classic	classic	ADJ
ftr-315	541	58	arrangement	arrangement	NOUN
ftr-315	541	59	to	to	PART
ftr-315	541	60	which	which	PRON
ftr-315	541	61	section	section	NOUN
ftr-315	541	62	1341	1341	NUM
ftr-315	541	63	applies.90	applies.90	ADV
ftr-315	541	64	a	a	DET
ftr-315	541	65	contingent	contingent	ADJ
ftr-315	541	66	fee	fee	NOUN
ftr-315	541	67	could	could	AUX
ftr-315	541	68	provide	provide	VERB
ftr-315	541	69	economics	economic	NOUN
ftr-315	541	70	that	that	PRON
ftr-315	541	71	are	be	AUX
ftr-315	541	72	substantially	substantially	ADV
ftr-315	541	73	similar	similar	ADJ
ftr-315	541	74	to	to	ADP
ftr-315	541	75	a	a	DET
ftr-315	541	76	carried	carry	VERB
ftr-315	541	77	interest	interest	NOUN
ftr-315	541	78	,	,	PUNCT
ftr-315	541	79	in	in	SCONJ
ftr-315	541	80	that	that	SCONJ
ftr-315	541	81	both	both	PRON
ftr-315	541	82	can	can	AUX
ftr-315	541	83	entitle	entitle	VERB
ftr-315	541	84	the	the	DET
ftr-315	541	85	recipient	recipient	NOUN
ftr-315	541	86	to	to	ADP
ftr-315	541	87	20	20	NUM
ftr-315	541	88	percent	percent	NOUN
ftr-315	541	89	of	of	ADP
ftr-315	541	90	the	the	DET
ftr-315	541	91	profits	profit	NOUN
ftr-315	541	92	earned	earn	VERB
ftr-315	541	93	by	by	ADP
ftr-315	541	94	the	the	DET
ftr-315	541	95	enterprise	enterprise	NOUN
ftr-315	541	96	.	.	PUNCT
ftr-315	542	1	of	of	ADP
ftr-315	542	2	course	course	NOUN
ftr-315	542	3	,	,	PUNCT
ftr-315	542	4	a	a	DET
ftr-315	542	5	key	key	ADJ
ftr-315	542	6	difference	difference	NOUN
ftr-315	542	7	under	under	ADP
ftr-315	542	8	the	the	DET
ftr-315	542	9	existing	exist	VERB
ftr-315	542	10	tax	tax	NOUN
ftr-315	542	11	law	law	NOUN
ftr-315	542	12	is	be	AUX
ftr-315	542	13	that	that	SCONJ
ftr-315	542	14	a	a	DET
ftr-315	542	15	contingent	contingent	ADJ
ftr-315	542	16	fee	fee	NOUN
ftr-315	542	17	is	be	AUX
ftr-315	542	18	taxed	tax	VERB
ftr-315	542	19	as	as	ADP
ftr-315	542	20	ordinary	ordinary	ADJ
ftr-315	542	21	income,91	income,91	NOUN
ftr-315	542	22	whereas	whereas	SCONJ
ftr-315	542	23	the	the	DET
ftr-315	542	24	character	character	NOUN
ftr-315	542	25	of	of	ADP
ftr-315	542	26	income	income	NOUN
ftr-315	542	27	received	receive	VERB
ftr-315	542	28	on	on	ADP
ftr-315	542	29	account	account	NOUN
ftr-315	542	30	of	of	ADP
ftr-315	542	31	a	a	DET
ftr-315	542	32	carry	carry	NOUN
ftr-315	542	33	can	can	AUX
ftr-315	542	34	be	be	AUX
ftr-315	542	35	capital	capital	NOUN
ftr-315	542	36	gain	gain	NOUN
ftr-315	542	37	or	or	CCONJ
ftr-315	542	38	ordinary	ordinary	ADJ
ftr-315	542	39	income	income	NOUN
ftr-315	542	40	b.	b.	PROPN
ftr-315	542	41	barker	barker	PROPN
ftr-315	542	42	and	and	CCONJ
ftr-315	542	43	kevin	kevin	PROPN
ftr-315	542	44	p.	p.	PROPN
ftr-315	543	1	o’brien	o’brien	PROPN
ftr-315	543	2	,	,	PUNCT
ftr-315	543	3	taxing	tax	VERB
ftr-315	543	4	clawbacks	clawback	NOUN
ftr-315	543	5	:	:	PUNCT
ftr-315	543	6	theory	theory	NOUN
ftr-315	543	7	and	and	CCONJ
ftr-315	543	8	practice	practice	NOUN
ftr-315	543	9	,	,	PUNCT
ftr-315	543	10	129	129	NUM
ftr-315	543	11	tax	tax	NOUN
ftr-315	543	12	notes	note	NOUN
ftr-315	543	13	423	423	NUM
ftr-315	543	14	,	,	PUNCT
ftr-315	543	15	425–435	425–435	NUM
ftr-315	543	16	(	(	PUNCT
ftr-315	543	17	oct	oct	PROPN
ftr-315	543	18	.	.	PROPN
ftr-315	543	19	25	25	NUM
ftr-315	543	20	,	,	PUNCT
ftr-315	543	21	2010	2010	NUM
ftr-315	543	22	)	)	PUNCT
ftr-315	543	23	.	.	PUNCT
ftr-315	544	1	87	87	NUM
ftr-315	544	2	.	.	PUNCT
ftr-315	544	3	i.r.c	i.r.c	NOUN
ftr-315	544	4	.	.	PUNCT
ftr-315	545	1	§	§	PROPN
ftr-315	545	2	1341(a)(4	1341(a)(4	NUM
ftr-315	545	3	)	)	PUNCT
ftr-315	545	4	,	,	PUNCT
ftr-315	545	5	(	(	PUNCT
ftr-315	545	6	5	5	NUM
ftr-315	545	7	)	)	PUNCT
ftr-315	545	8	.	.	PUNCT
ftr-315	546	1	88	88	NUM
ftr-315	546	2	.	.	PUNCT
ftr-315	547	1	where	where	SCONJ
ftr-315	547	2	the	the	DET
ftr-315	547	3	value	value	NOUN
ftr-315	547	4	of	of	ADP
ftr-315	547	5	a	a	DET
ftr-315	547	6	subsequent	subsequent	ADJ
ftr-315	547	7	loss	loss	NOUN
ftr-315	547	8	upon	upon	SCONJ
ftr-315	547	9	payment	payment	NOUN
ftr-315	547	10	of	of	ADP
ftr-315	547	11	a	a	DET
ftr-315	547	12	clawback	clawback	NOUN
ftr-315	547	13	is	be	AUX
ftr-315	547	14	at	at	ADP
ftr-315	547	15	least	least	ADJ
ftr-315	547	16	equal	equal	ADJ
ftr-315	547	17	to	to	ADP
ftr-315	547	18	the	the	DET
ftr-315	547	19	tax	tax	NOUN
ftr-315	547	20	originally	originally	ADV
ftr-315	547	21	paid	pay	VERB
ftr-315	547	22	on	on	ADP
ftr-315	547	23	the	the	DET
ftr-315	547	24	amount	amount	NOUN
ftr-315	547	25	clawed	claw	VERB
ftr-315	547	26	-	-	PUNCT
ftr-315	547	27	back	back	NOUN
ftr-315	547	28	,	,	PUNCT
ftr-315	547	29	a	a	DET
ftr-315	547	30	clawback	clawback	NOUN
ftr-315	547	31	cap	cap	NOUN
ftr-315	547	32	that	that	PRON
ftr-315	547	33	takes	take	VERB
ftr-315	547	34	into	into	ADP
ftr-315	547	35	account	account	NOUN
ftr-315	547	36	the	the	DET
ftr-315	547	37	value	value	NOUN
ftr-315	547	38	of	of	ADP
ftr-315	547	39	the	the	DET
ftr-315	547	40	tax	tax	NOUN
ftr-315	547	41	loss	loss	NOUN
ftr-315	547	42	when	when	SCONJ
ftr-315	547	43	determining	determine	VERB
ftr-315	547	44	the	the	DET
ftr-315	547	45	gp	gp	NOUN
ftr-315	547	46	’s	’s	PART
ftr-315	547	47	after	after	ADP
ftr-315	547	48	-	-	PUNCT
ftr-315	547	49	tax	tax	NOUN
ftr-315	547	50	carry	carry	NOUN
ftr-315	547	51	is	be	AUX
ftr-315	547	52	equivalent	equivalent	ADJ
ftr-315	547	53	to	to	ADP
ftr-315	547	54	a	a	DET
ftr-315	547	55	clawback	clawback	NOUN
ftr-315	547	56	of	of	ADP
ftr-315	547	57	the	the	DET
ftr-315	547	58	entire	entire	ADJ
ftr-315	547	59	carry	carry	NOUN
ftr-315	547	60	,	,	PUNCT
ftr-315	547	61	unreduced	unreduce	VERB
ftr-315	547	62	by	by	ADP
ftr-315	547	63	taxes	taxis	NOUN
ftr-315	547	64	.	.	PUNCT
ftr-315	548	1	again	again	ADV
ftr-315	548	2	,	,	PUNCT
ftr-315	548	3	an	an	DET
ftr-315	548	4	increase	increase	NOUN
ftr-315	548	5	to	to	ADP
ftr-315	548	6	size	size	NOUN
ftr-315	548	7	of	of	ADP
ftr-315	548	8	the	the	DET
ftr-315	548	9	clawback	clawback	NOUN
ftr-315	548	10	is	be	AUX
ftr-315	548	11	tantamount	tantamount	ADJ
ftr-315	548	12	to	to	ADP
ftr-315	548	13	an	an	DET
ftr-315	548	14	increase	increase	NOUN
ftr-315	548	15	the	the	DET
ftr-315	548	16	gp	gp	NOUN
ftr-315	548	17	’s	’s	PART
ftr-315	548	18	limited	limited	ADJ
ftr-315	548	19	deficit	deficit	NOUN
ftr-315	548	20	restoration	restoration	NOUN
ftr-315	548	21	obligation	obligation	NOUN
ftr-315	548	22	,	,	PUNCT
ftr-315	548	23	thereby	thereby	ADV
ftr-315	548	24	reducing	reduce	VERB
ftr-315	548	25	loss	loss	NOUN
ftr-315	548	26	-	-	PUNCT
ftr-315	548	27	shifting	shift	VERB
ftr-315	548	28	potential	potential	NOUN
ftr-315	548	29	and	and	CCONJ
ftr-315	548	30	delaying	delay	VERB
ftr-315	548	31	the	the	DET
ftr-315	548	32	incentive	incentive	NOUN
ftr-315	548	33	for	for	ADP
ftr-315	548	34	increased	increase	VERB
ftr-315	548	35	risk	risk	NOUN
ftr-315	548	36	taking	taking	NOUN
ftr-315	548	37	.	.	PUNCT
ftr-315	549	1	see	see	VERB
ftr-315	549	2	supra	supra	PROPN
ftr-315	549	3	notes	note	VERB
ftr-315	549	4	62	62	NUM
ftr-315	549	5	,	,	PUNCT
ftr-315	549	6	79	79	NUM
ftr-315	549	7	,	,	PUNCT
ftr-315	549	8	and	and	CCONJ
ftr-315	549	9	associated	associated	ADJ
ftr-315	549	10	text	text	NOUN
ftr-315	549	11	.	.	PUNCT
ftr-315	550	1	89	89	NUM
ftr-315	550	2	.	.	PUNCT
ftr-315	551	1	my	my	PRON
ftr-315	551	2	thanks	thank	NOUN
ftr-315	551	3	to	to	ADP
ftr-315	551	4	gregg	gregg	PROPN
ftr-315	551	5	polsky	polsky	PROPN
ftr-315	551	6	for	for	ADP
ftr-315	551	7	this	this	DET
ftr-315	551	8	idea	idea	NOUN
ftr-315	551	9	.	.	PUNCT
ftr-315	552	1	90	90	NUM
ftr-315	552	2	.	.	PUNCT
ftr-315	553	1	see	see	VERB
ftr-315	553	2	,	,	PUNCT
ftr-315	553	3	e.g.	e.g.	ADV
ftr-315	553	4	,	,	PUNCT
ftr-315	553	5	rev	rev	PROPN
ftr-315	553	6	.	.	PROPN
ftr-315	554	1	rul	rul	PROPN
ftr-315	554	2	.	.	PUNCT
ftr-315	555	1	72	72	NUM
ftr-315	555	2	-	-	SYM
ftr-315	555	3	78	78	NUM
ftr-315	555	4	,	,	PUNCT
ftr-315	555	5	1972	1972	NUM
ftr-315	555	6	-	-	SYM
ftr-315	555	7	1	1	NUM
ftr-315	555	8	c.b	c.b	PROPN
ftr-315	555	9	.	.	PROPN
ftr-315	555	10	45	45	NUM
ftr-315	555	11	(	(	PUNCT
ftr-315	555	12	applying	apply	VERB
ftr-315	555	13	section	section	NOUN
ftr-315	555	14	1341	1341	NUM
ftr-315	555	15	to	to	ADP
ftr-315	555	16	a	a	DET
ftr-315	555	17	contingent	contingent	ADJ
ftr-315	555	18	commission	commission	NOUN
ftr-315	555	19	arrangement	arrangement	NOUN
ftr-315	555	20	)	)	PUNCT
ftr-315	555	21	.	.	PUNCT
ftr-315	556	1	where	where	SCONJ
ftr-315	556	2	the	the	DET
ftr-315	556	3	retention	retention	NOUN
ftr-315	556	4	of	of	ADP
ftr-315	556	5	a	a	DET
ftr-315	556	6	fee	fee	NOUN
ftr-315	556	7	is	be	AUX
ftr-315	556	8	contingent	contingent	ADJ
ftr-315	556	9	on	on	ADP
ftr-315	556	10	the	the	DET
ftr-315	556	11	occurrence	occurrence	NOUN
ftr-315	556	12	(	(	PUNCT
ftr-315	556	13	or	or	CCONJ
ftr-315	556	14	nonoccurrence	nonoccurrence	NOUN
ftr-315	556	15	)	)	PUNCT
ftr-315	556	16	of	of	ADP
ftr-315	556	17	subsequent	subsequent	ADJ
ftr-315	556	18	events	event	NOUN
ftr-315	556	19	,	,	PUNCT
ftr-315	556	20	the	the	DET
ftr-315	556	21	recipient	recipient	NOUN
ftr-315	556	22	has	have	VERB
ftr-315	556	23	an	an	DET
ftr-315	556	24	apparent	apparent	ADJ
ftr-315	556	25	right	right	NOUN
ftr-315	556	26	to	to	ADP
ftr-315	556	27	the	the	DET
ftr-315	556	28	funds	fund	NOUN
ftr-315	556	29	,	,	PUNCT
ftr-315	556	30	but	but	CCONJ
ftr-315	556	31	the	the	DET
ftr-315	556	32	right	right	NOUN
ftr-315	556	33	to	to	ADP
ftr-315	556	34	the	the	DET
ftr-315	556	35	funds	fund	NOUN
ftr-315	556	36	is	be	AUX
ftr-315	556	37	clearly	clearly	ADV
ftr-315	556	38	challengeable	challengeable	ADJ
ftr-315	556	39	.	.	PUNCT
ftr-315	557	1	thus	thus	ADV
ftr-315	557	2	,	,	PUNCT
ftr-315	557	3	a	a	DET
ftr-315	557	4	contingent	contingent	NOUN
ftr-315	557	5	fee	fee	NOUN
ftr-315	557	6	quite	quite	ADV
ftr-315	557	7	likely	likely	ADV
ftr-315	557	8	satisfies	satisfy	VERB
ftr-315	557	9	the	the	DET
ftr-315	557	10	first	first	ADJ
ftr-315	557	11	prong	prong	NOUN
ftr-315	557	12	of	of	ADP
ftr-315	557	13	section	section	NOUN
ftr-315	557	14	1341	1341	NUM
ftr-315	557	15	.	.	PUNCT
ftr-315	558	1	see	see	VERB
ftr-315	558	2	supra	supra	PROPN
ftr-315	558	3	note	note	PROPN
ftr-315	558	4	86	86	NUM
ftr-315	558	5	.	.	NOUN
ftr-315	559	1	91	91	NUM
ftr-315	559	2	.	.	PUNCT
ftr-315	559	3	i.r.c	i.r.c	NOUN
ftr-315	559	4	.	.	PUNCT
ftr-315	560	1	§	§	PROPN
ftr-315	560	2	61	61	NUM
ftr-315	560	3	.	.	PUNCT
ftr-315	560	4	2012	2012	NUM
ftr-315	560	5	]	]	PUNCT
ftr-315	560	6	“	"	PUNCT
ftr-315	560	7	carried	carry	VERB
ftr-315	560	8	interest	interest	NOUN
ftr-315	560	9	”	"	PUNCT
ftr-315	560	10	tax	tax	NOUN
ftr-315	560	11	proposals	proposal	NOUN
ftr-315	560	12	31	31	NUM
ftr-315	560	13	depending	depend	VERB
ftr-315	560	14	on	on	ADP
ftr-315	560	15	the	the	DET
ftr-315	560	16	character	character	NOUN
ftr-315	560	17	of	of	ADP
ftr-315	560	18	the	the	DET
ftr-315	560	19	partnership	partnership	NOUN
ftr-315	560	20	’s	’s	PART
ftr-315	560	21	profits.92	profits.92	NOUN
ftr-315	560	22	this	this	DET
ftr-315	560	23	tax	tax	NOUN
ftr-315	560	24	difference	difference	NOUN
ftr-315	560	25	is	be	AUX
ftr-315	560	26	quite	quite	ADV
ftr-315	560	27	meaningful	meaningful	ADJ
ftr-315	560	28	today	today	NOUN
ftr-315	560	29	given	give	VERB
ftr-315	560	30	that	that	PRON
ftr-315	560	31	long	long	ADJ
ftr-315	560	32	term	term	NOUN
ftr-315	560	33	capital	capital	NOUN
ftr-315	560	34	gains	gain	NOUN
ftr-315	560	35	are	be	AUX
ftr-315	560	36	generally	generally	ADV
ftr-315	560	37	taxed	tax	VERB
ftr-315	560	38	at	at	ADP
ftr-315	560	39	15	15	NUM
ftr-315	560	40	percent	percent	NOUN
ftr-315	560	41	,	,	PUNCT
ftr-315	560	42	whereas	whereas	SCONJ
ftr-315	560	43	the	the	DET
ftr-315	560	44	highest	high	ADJ
ftr-315	560	45	marginal	marginal	ADJ
ftr-315	560	46	rate	rate	NOUN
ftr-315	560	47	applicable	applicable	ADJ
ftr-315	560	48	to	to	ADP
ftr-315	560	49	ordinary	ordinary	ADJ
ftr-315	560	50	income	income	NOUN
ftr-315	560	51	is	be	AUX
ftr-315	560	52	35	35	NUM
ftr-315	560	53	percent.93	percent.93	NOUN
ftr-315	560	54	if	if	SCONJ
ftr-315	560	55	,	,	PUNCT
ftr-315	560	56	however	however	ADV
ftr-315	560	57	,	,	PUNCT
ftr-315	560	58	the	the	DET
ftr-315	560	59	tax	tax	NOUN
ftr-315	560	60	treatment	treatment	NOUN
ftr-315	560	61	of	of	ADP
ftr-315	560	62	carried	carry	VERB
ftr-315	560	63	interests	interest	NOUN
ftr-315	560	64	changes	change	NOUN
ftr-315	560	65	and	and	CCONJ
ftr-315	560	66	income	income	NOUN
ftr-315	560	67	earned	earn	VERB
ftr-315	560	68	on	on	ADP
ftr-315	560	69	account	account	NOUN
ftr-315	560	70	of	of	ADP
ftr-315	560	71	a	a	DET
ftr-315	560	72	carry	carry	NOUN
ftr-315	560	73	is	be	AUX
ftr-315	560	74	taxed	tax	VERB
ftr-315	560	75	as	as	ADP
ftr-315	560	76	ordinary	ordinary	ADJ
ftr-315	560	77	income	income	NOUN
ftr-315	560	78	,	,	PUNCT
ftr-315	560	79	the	the	DET
ftr-315	560	80	tax	tax	NOUN
ftr-315	560	81	rate	rate	NOUN
ftr-315	560	82	difference	difference	NOUN
ftr-315	560	83	between	between	ADP
ftr-315	560	84	a	a	DET
ftr-315	560	85	carry	carry	NOUN
ftr-315	560	86	and	and	CCONJ
ftr-315	560	87	a	a	DET
ftr-315	560	88	contingent	contingent	NOUN
ftr-315	560	89	fee	fee	NOUN
ftr-315	560	90	is	be	AUX
ftr-315	560	91	largely	largely	ADV
ftr-315	560	92	eliminated.94	eliminated.94	PROPN
ftr-315	560	93	in	in	ADP
ftr-315	560	94	the	the	DET
ftr-315	560	95	absence	absence	NOUN
ftr-315	560	96	of	of	ADP
ftr-315	560	97	the	the	DET
ftr-315	560	98	tax	tax	NOUN
ftr-315	560	99	rate	rate	NOUN
ftr-315	560	100	benefit	benefit	NOUN
ftr-315	560	101	for	for	ADP
ftr-315	560	102	carried	carry	VERB
ftr-315	560	103	interests	interest	NOUN
ftr-315	560	104	,	,	PUNCT
ftr-315	560	105	parties	party	NOUN
ftr-315	560	106	may	may	AUX
ftr-315	560	107	opt	opt	VERB
ftr-315	560	108	to	to	PART
ftr-315	560	109	restructure	restructure	VERB
ftr-315	560	110	their	their	PRON
ftr-315	560	111	arrangement	arrangement	NOUN
ftr-315	560	112	to	to	PART
ftr-315	560	113	create	create	VERB
ftr-315	560	114	similar	similar	ADJ
ftr-315	560	115	economics	economic	NOUN
ftr-315	560	116	while	while	SCONJ
ftr-315	560	117	providing	provide	VERB
ftr-315	560	118	greater	great	ADJ
ftr-315	560	119	certainty	certainty	NOUN
ftr-315	560	120	that	that	SCONJ
ftr-315	560	121	the	the	DET
ftr-315	560	122	gp	gp	NOUN
ftr-315	560	123	would	would	AUX
ftr-315	560	124	be	be	AUX
ftr-315	560	125	made	make	VERB
ftr-315	560	126	whole	whole	ADJ
ftr-315	560	127	if	if	SCONJ
ftr-315	560	128	the	the	DET
ftr-315	560	129	gp	gp	NOUN
ftr-315	560	130	is	be	AUX
ftr-315	560	131	ultimately	ultimately	ADV
ftr-315	560	132	obligated	obligate	VERB
ftr-315	560	133	to	to	PART
ftr-315	560	134	return	return	VERB
ftr-315	560	135	part	part	NOUN
ftr-315	560	136	of	of	ADP
ftr-315	560	137	the	the	DET
ftr-315	560	138	profits	profit	NOUN
ftr-315	560	139	previously	previously	ADV
ftr-315	560	140	transferred	transfer	VERB
ftr-315	560	141	to	to	ADP
ftr-315	560	142	the	the	DET
ftr-315	560	143	gp	gp	NOUN
ftr-315	560	144	.	.	PUNCT
ftr-315	561	1	(	(	PUNCT
ftr-315	561	2	e	e	NOUN
ftr-315	561	3	)	)	PUNCT
ftr-315	561	4	conclusion	conclusion	NOUN
ftr-315	561	5	regarding	regard	VERB
ftr-315	561	6	the	the	DET
ftr-315	561	7	lps	lps	PROPN
ftr-315	561	8	’	'	PUNCT
ftr-315	561	9	response	response	NOUN
ftr-315	561	10	to	to	ADP
ftr-315	561	11	the	the	DET
ftr-315	561	12	clawback	clawback	NOUN
ftr-315	561	13	issue	issue	NOUN
ftr-315	561	14	ultimately	ultimately	ADV
ftr-315	561	15	,	,	PUNCT
ftr-315	561	16	the	the	DET
ftr-315	561	17	lps	lps	PROPN
ftr-315	561	18	must	must	AUX
ftr-315	561	19	determine	determine	VERB
ftr-315	561	20	how	how	SCONJ
ftr-315	561	21	much	much	ADJ
ftr-315	561	22	potential	potential	ADJ
ftr-315	561	23	loss	loss	NOUN
ftr-315	561	24	-	-	PUNCT
ftr-315	561	25	shifting	shift	VERB
ftr-315	561	26	they	they	PRON
ftr-315	561	27	are	be	AUX
ftr-315	561	28	willing	willing	ADJ
ftr-315	561	29	to	to	PART
ftr-315	561	30	bear	bear	VERB
ftr-315	561	31	and	and	CCONJ
ftr-315	561	32	how	how	SCONJ
ftr-315	561	33	willing	willing	ADJ
ftr-315	561	34	they	they	PRON
ftr-315	561	35	are	be	AUX
ftr-315	561	36	to	to	PART
ftr-315	561	37	accept	accept	VERB
ftr-315	561	38	the	the	DET
ftr-315	561	39	possibility	possibility	NOUN
ftr-315	561	40	of	of	ADP
ftr-315	561	41	increased	increase	VERB
ftr-315	561	42	risk	risk	NOUN
ftr-315	561	43	-	-	PUNCT
ftr-315	561	44	taking	taking	NOUN
ftr-315	561	45	by	by	ADP
ftr-315	561	46	the	the	DET
ftr-315	561	47	gp	gp	NOUN
ftr-315	561	48	.	.	PUNCT
ftr-315	562	1	this	this	DET
ftr-315	562	2	determination	determination	NOUN
ftr-315	562	3	is	be	AUX
ftr-315	562	4	relevant	relevant	ADJ
ftr-315	562	5	both	both	CCONJ
ftr-315	562	6	for	for	ADP
ftr-315	562	7	investors	investor	NOUN
ftr-315	562	8	in	in	ADP
ftr-315	562	9	newly	newly	ADV
ftr-315	562	10	formed	form	VERB
ftr-315	562	11	funds	fund	NOUN
ftr-315	562	12	and	and	CCONJ
ftr-315	562	13	investors	investor	NOUN
ftr-315	562	14	in	in	ADP
ftr-315	562	15	existing	exist	VERB
ftr-315	562	16	funds	fund	NOUN
ftr-315	562	17	,	,	PUNCT
ftr-315	562	18	although	although	SCONJ
ftr-315	562	19	the	the	DET
ftr-315	562	20	negotiating	negotiating	NOUN
ftr-315	562	21	dynamics	dynamic	NOUN
ftr-315	562	22	differ	differ	VERB
ftr-315	562	23	.	.	PUNCT
ftr-315	563	1	investors	investor	NOUN
ftr-315	563	2	in	in	ADP
ftr-315	563	3	new	new	ADJ
ftr-315	563	4	funds	fund	NOUN
ftr-315	563	5	can	can	AUX
ftr-315	563	6	negotiate	negotiate	VERB
ftr-315	563	7	about	about	ADP
ftr-315	563	8	these	these	DET
ftr-315	563	9	issues	issue	NOUN
ftr-315	563	10	as	as	ADP
ftr-315	563	11	part	part	NOUN
ftr-315	563	12	of	of	ADP
ftr-315	563	13	the	the	DET
ftr-315	563	14	initial	initial	ADJ
ftr-315	563	15	negotiation	negotiation	NOUN
ftr-315	563	16	about	about	ADP
ftr-315	563	17	the	the	DET
ftr-315	563	18	fund	fund	NOUN
ftr-315	563	19	agreement	agreement	NOUN
ftr-315	563	20	provisions	provision	NOUN
ftr-315	563	21	.	.	PUNCT
ftr-315	564	1	investors	investor	NOUN
ftr-315	564	2	in	in	ADP
ftr-315	564	3	existing	exist	VERB
ftr-315	564	4	funds	fund	NOUN
ftr-315	564	5	,	,	PUNCT
ftr-315	564	6	however	however	ADV
ftr-315	564	7	,	,	PUNCT
ftr-315	564	8	must	must	AUX
ftr-315	564	9	negotiate	negotiate	VERB
ftr-315	564	10	against	against	ADP
ftr-315	564	11	the	the	DET
ftr-315	564	12	backdrop	backdrop	NOUN
ftr-315	564	13	of	of	ADP
ftr-315	564	14	existing	exist	VERB
ftr-315	564	15	fund	fund	NOUN
ftr-315	564	16	agreements,95	agreements,95	VERB
ftr-315	564	17	the	the	DET
ftr-315	564	18	economic	economic	ADJ
ftr-315	564	19	impacts	impact	NOUN
ftr-315	564	20	of	of	ADP
ftr-315	564	21	which	which	PRON
ftr-315	564	22	can	can	AUX
ftr-315	564	23	be	be	AUX
ftr-315	564	24	altered	alter	VERB
ftr-315	564	25	by	by	ADP
ftr-315	564	26	the	the	DET
ftr-315	564	27	change	change	NOUN
ftr-315	564	28	in	in	ADP
ftr-315	564	29	the	the	DET
ftr-315	564	30	tax	tax	NOUN
ftr-315	564	31	law	law	NOUN
ftr-315	564	32	without	without	ADP
ftr-315	564	33	any	any	DET
ftr-315	564	34	corresponding	corresponding	ADJ
ftr-315	564	35	change	change	NOUN
ftr-315	564	36	in	in	ADP
ftr-315	564	37	the	the	DET
ftr-315	564	38	compensation	compensation	NOUN
ftr-315	564	39	paid	pay	VERB
ftr-315	564	40	between	between	ADP
ftr-315	564	41	the	the	DET
ftr-315	564	42	parties	party	NOUN
ftr-315	564	43	.	.	PUNCT
ftr-315	565	1	either	either	DET
ftr-315	565	2	way	way	NOUN
ftr-315	565	3	,	,	PUNCT
ftr-315	565	4	if	if	SCONJ
ftr-315	565	5	the	the	DET
ftr-315	565	6	lps	lps	PROPN
ftr-315	565	7	(	(	PUNCT
ftr-315	565	8	and	and	CCONJ
ftr-315	565	9	their	their	PRON
ftr-315	565	10	lawyers	lawyer	NOUN
ftr-315	565	11	)	)	PUNCT
ftr-315	565	12	appreciate	appreciate	VERB
ftr-315	565	13	how	how	SCONJ
ftr-315	565	14	increases	increase	VERB
ftr-315	565	15	to	to	ADP
ftr-315	565	16	the	the	DET
ftr-315	565	17	tax	tax	NOUN
ftr-315	565	18	rate	rate	NOUN
ftr-315	565	19	on	on	ADP
ftr-315	565	20	the	the	DET
ftr-315	565	21	gp	gp	NOUN
ftr-315	565	22	’s	’s	PART
ftr-315	565	23	carry	carry	NOUN
ftr-315	565	24	can	can	AUX
ftr-315	565	25	reduce	reduce	VERB
ftr-315	565	26	the	the	DET
ftr-315	565	27	clawback	clawback	NOUN
ftr-315	565	28	,	,	PUNCT
ftr-315	565	29	and	and	CCONJ
ftr-315	565	30	how	how	SCONJ
ftr-315	565	31	a	a	DET
ftr-315	565	32	reduction	reduction	NOUN
ftr-315	565	33	in	in	ADP
ftr-315	565	34	the	the	DET
ftr-315	565	35	clawback	clawback	NOUN
ftr-315	565	36	poses	pose	VERB
ftr-315	565	37	economic	economic	ADJ
ftr-315	565	38	risk	risk	NOUN
ftr-315	565	39	to	to	ADP
ftr-315	565	40	the	the	DET
ftr-315	565	41	lps	lps	PROPN
ftr-315	565	42	,	,	PUNCT
ftr-315	565	43	the	the	DET
ftr-315	565	44	lps	lps	PROPN
ftr-315	565	45	can	can	AUX
ftr-315	565	46	make	make	VERB
ftr-315	565	47	informed	informed	ADJ
ftr-315	565	48	decisions	decision	NOUN
ftr-315	565	49	about	about	ADP
ftr-315	565	50	whether	whether	SCONJ
ftr-315	565	51	and	and	CCONJ
ftr-315	565	52	to	to	ADP
ftr-315	565	53	what	what	DET
ftr-315	565	54	extent	extent	NOUN
ftr-315	565	55	to	to	PART
ftr-315	565	56	negotiate	negotiate	VERB
ftr-315	565	57	for	for	ADP
ftr-315	565	58	compensation	compensation	NOUN
ftr-315	565	59	for	for	ADP
ftr-315	565	60	these	these	DET
ftr-315	565	61	risks	risk	NOUN
ftr-315	565	62	,	,	PUNCT
ftr-315	565	63	to	to	PART
ftr-315	565	64	negotiate	negotiate	VERB
ftr-315	565	65	to	to	PART
ftr-315	565	66	change	change	VERB
ftr-315	565	67	the	the	DET
ftr-315	565	68	terms	term	NOUN
ftr-315	565	69	of	of	ADP
ftr-315	565	70	the	the	DET
ftr-315	565	71	clawback	clawback	NOUN
ftr-315	565	72	to	to	PART
ftr-315	565	73	reduce	reduce	VERB
ftr-315	565	74	these	these	DET
ftr-315	565	75	risks	risk	NOUN
ftr-315	565	76	,	,	PUNCT
ftr-315	565	77	to	to	PART
ftr-315	565	78	negotiate	negotiate	VERB
ftr-315	565	79	for	for	ADP
ftr-315	565	80	other	other	ADJ
ftr-315	565	81	contractual	contractual	ADJ
ftr-315	565	82	protections	protection	NOUN
ftr-315	565	83	against	against	ADP
ftr-315	565	84	these	these	DET
ftr-315	565	85	risks	risk	NOUN
ftr-315	565	86	,	,	PUNCT
ftr-315	565	87	or	or	CCONJ
ftr-315	565	88	to	to	PART
ftr-315	565	89	take	take	VERB
ftr-315	565	90	other	other	ADJ
ftr-315	565	91	action	action	NOUN
ftr-315	565	92	.	.	PUNCT
ftr-315	566	1	92	92	NUM
ftr-315	566	2	.	.	PUNCT
ftr-315	566	3	i.r.c	i.r.c	NOUN
ftr-315	566	4	.	.	PUNCT
ftr-315	567	1	§	§	PROPN
ftr-315	567	2	702	702	NUM
ftr-315	567	3	.	.	PROPN
ftr-315	567	4	93	93	NUM
ftr-315	567	5	.	.	PUNCT
ftr-315	567	6	i.r.c	i.r.c	NOUN
ftr-315	567	7	.	.	PUNCT
ftr-315	568	1	§	§	PROPN
ftr-315	568	2	1	1	NUM
ftr-315	568	3	.	.	SYM
ftr-315	568	4	94	94	NUM
ftr-315	568	5	.	.	PUNCT
ftr-315	569	1	there	there	PRON
ftr-315	569	2	may	may	AUX
ftr-315	569	3	still	still	ADV
ftr-315	569	4	be	be	AUX
ftr-315	569	5	employment	employment	NOUN
ftr-315	569	6	tax	tax	NOUN
ftr-315	569	7	differences	difference	NOUN
ftr-315	569	8	depending	depend	VERB
ftr-315	569	9	on	on	ADP
ftr-315	569	10	the	the	DET
ftr-315	569	11	details	detail	NOUN
ftr-315	569	12	of	of	ADP
ftr-315	569	13	the	the	DET
ftr-315	569	14	carried	carry	VERB
ftr-315	569	15	interest	interest	NOUN
ftr-315	569	16	tax	tax	NOUN
ftr-315	569	17	proposal	proposal	NOUN
ftr-315	569	18	.	.	PUNCT
ftr-315	570	1	see	see	VERB
ftr-315	570	2	supra	supra	PROPN
ftr-315	570	3	note	note	PROPN
ftr-315	570	4	16	16	NUM
ftr-315	570	5	.	.	PUNCT
ftr-315	571	1	95	95	NUM
ftr-315	571	2	.	.	PUNCT
ftr-315	572	1	in	in	ADP
ftr-315	572	2	existing	exist	VERB
ftr-315	572	3	funds	fund	NOUN
ftr-315	572	4	where	where	SCONJ
ftr-315	572	5	the	the	DET
ftr-315	572	6	cap	cap	NOUN
ftr-315	572	7	on	on	ADP
ftr-315	572	8	the	the	DET
ftr-315	572	9	clawback	clawback	NOUN
ftr-315	572	10	is	be	AUX
ftr-315	572	11	pegged	peg	VERB
ftr-315	572	12	to	to	ADP
ftr-315	572	13	an	an	DET
ftr-315	572	14	assumed	assumed	ADJ
ftr-315	572	15	tax	tax	NOUN
ftr-315	572	16	rate	rate	NOUN
ftr-315	572	17	,	,	PUNCT
ftr-315	572	18	lps	lps	PROPN
ftr-315	572	19	might	might	AUX
ftr-315	572	20	be	be	AUX
ftr-315	572	21	approached	approach	VERB
ftr-315	572	22	by	by	ADP
ftr-315	572	23	gps	gps	PROPN
ftr-315	572	24	who	who	PRON
ftr-315	572	25	wish	wish	VERB
ftr-315	572	26	to	to	PART
ftr-315	572	27	renegotiate	renegotiate	VERB
ftr-315	572	28	the	the	DET
ftr-315	572	29	cap	cap	NOUN
ftr-315	572	30	on	on	ADP
ftr-315	572	31	the	the	DET
ftr-315	572	32	clawback	clawback	NOUN
ftr-315	572	33	.	.	PUNCT
ftr-315	573	1	in	in	ADP
ftr-315	573	2	other	other	ADJ
ftr-315	573	3	existing	exist	VERB
ftr-315	573	4	funds	fund	NOUN
ftr-315	573	5	,	,	PUNCT
ftr-315	573	6	the	the	DET
ftr-315	573	7	lps	lps	PROPN
ftr-315	573	8	might	might	AUX
ftr-315	573	9	have	have	VERB
ftr-315	573	10	to	to	PART
ftr-315	573	11	initiate	initiate	VERB
ftr-315	573	12	the	the	DET
ftr-315	573	13	negotiation	negotiation	NOUN
ftr-315	573	14	with	with	ADP
ftr-315	573	15	the	the	DET
ftr-315	573	16	gp	gp	NOUN
ftr-315	573	17	because	because	SCONJ
ftr-315	573	18	the	the	DET
ftr-315	573	19	cap	cap	NOUN
ftr-315	573	20	on	on	ADP
ftr-315	573	21	the	the	DET
ftr-315	573	22	clawback	clawback	NOUN
ftr-315	573	23	might	might	AUX
ftr-315	573	24	automatically	automatically	ADV
ftr-315	573	25	change	change	VERB
ftr-315	573	26	with	with	ADP
ftr-315	573	27	any	any	DET
ftr-315	573	28	change	change	NOUN
ftr-315	573	29	to	to	ADP
ftr-315	573	30	the	the	DET
ftr-315	573	31	tax	tax	NOUN
ftr-315	573	32	rates	rate	NOUN
ftr-315	573	33	applicable	applicable	ADJ
ftr-315	573	34	to	to	PART
ftr-315	573	35	carried	carry	VERB
ftr-315	573	36	interests	interest	NOUN
ftr-315	573	37	(	(	PUNCT
ftr-315	573	38	e.g.	e.g.	ADV
ftr-315	573	39	,	,	PUNCT
ftr-315	573	40	if	if	SCONJ
ftr-315	573	41	the	the	DET
ftr-315	573	42	cap	cap	NOUN
ftr-315	573	43	is	be	AUX
ftr-315	573	44	pegged	peg	VERB
ftr-315	573	45	to	to	ADP
ftr-315	573	46	the	the	DET
ftr-315	573	47	“	"	PUNCT
ftr-315	573	48	applicable	applicable	ADJ
ftr-315	573	49	”	"	PUNCT
ftr-315	573	50	tax	tax	NOUN
ftr-315	573	51	rate	rate	NOUN
ftr-315	573	52	or	or	CCONJ
ftr-315	573	53	if	if	SCONJ
ftr-315	573	54	the	the	DET
ftr-315	573	55	cap	cap	NOUN
ftr-315	573	56	is	be	AUX
ftr-315	573	57	determined	determine	VERB
ftr-315	573	58	in	in	ADP
ftr-315	573	59	the	the	DET
ftr-315	573	60	good	good	ADJ
ftr-315	573	61	faith	faith	NOUN
ftr-315	573	62	discretion	discretion	NOUN
ftr-315	573	63	of	of	ADP
ftr-315	573	64	the	the	DET
ftr-315	573	65	gp	gp	NOUN
ftr-315	573	66	)	)	PUNCT
ftr-315	573	67	.	.	PUNCT
ftr-315	574	1	32	32	NUM
ftr-315	574	2	florida	florida	PROPN
ftr-315	574	3	tax	tax	NOUN
ftr-315	574	4	review	review	NOUN
ftr-315	574	5	[	[	X
ftr-315	574	6	vol.13:1	vol.13:1	NOUN
ftr-315	574	7	b.	b.	NOUN
ftr-315	574	8	tax	tax	NOUN
ftr-315	574	9	distribution	distribution	NOUN
ftr-315	574	10	provisions	provision	NOUN
ftr-315	574	11	an	an	DET
ftr-315	574	12	increase	increase	NOUN
ftr-315	574	13	in	in	ADP
ftr-315	574	14	the	the	DET
ftr-315	574	15	tax	tax	NOUN
ftr-315	574	16	rate	rate	NOUN
ftr-315	574	17	applicable	applicable	ADJ
ftr-315	574	18	to	to	PART
ftr-315	574	19	carried	carry	VERB
ftr-315	574	20	interests	interest	NOUN
ftr-315	574	21	can	can	AUX
ftr-315	574	22	change	change	VERB
ftr-315	574	23	how	how	SCONJ
ftr-315	574	24	lps	lps	PROPN
ftr-315	574	25	are	be	AUX
ftr-315	574	26	affected	affect	VERB
ftr-315	574	27	not	not	PART
ftr-315	574	28	only	only	ADV
ftr-315	574	29	by	by	ADP
ftr-315	574	30	clawback	clawback	NOUN
ftr-315	574	31	provisions	provision	NOUN
ftr-315	574	32	,	,	PUNCT
ftr-315	574	33	but	but	CCONJ
ftr-315	574	34	also	also	ADV
ftr-315	574	35	by	by	ADP
ftr-315	574	36	tax	tax	NOUN
ftr-315	574	37	distribution	distribution	NOUN
ftr-315	574	38	provisions	provision	NOUN
ftr-315	574	39	.	.	PUNCT
ftr-315	575	1	again	again	ADV
ftr-315	575	2	,	,	PUNCT
ftr-315	575	3	the	the	DET
ftr-315	575	4	impact	impact	NOUN
ftr-315	575	5	on	on	ADP
ftr-315	575	6	lps	lps	PROPN
ftr-315	575	7	is	be	AUX
ftr-315	575	8	indirect	indirect	ADJ
ftr-315	575	9	.	.	PUNCT
ftr-315	576	1	and	and	CCONJ
ftr-315	576	2	while	while	SCONJ
ftr-315	576	3	the	the	DET
ftr-315	576	4	issues	issue	NOUN
ftr-315	576	5	raised	raise	VERB
ftr-315	576	6	for	for	ADP
ftr-315	576	7	lps	lps	PROPN
ftr-315	576	8	as	as	ADP
ftr-315	576	9	a	a	DET
ftr-315	576	10	result	result	NOUN
ftr-315	576	11	of	of	ADP
ftr-315	576	12	the	the	DET
ftr-315	576	13	tax	tax	NOUN
ftr-315	576	14	distribution	distribution	NOUN
ftr-315	576	15	provisions	provision	NOUN
ftr-315	576	16	are	be	AUX
ftr-315	576	17	likely	likely	ADV
ftr-315	576	18	less	less	ADV
ftr-315	576	19	troublesome	troublesome	ADJ
ftr-315	576	20	than	than	ADP
ftr-315	576	21	the	the	DET
ftr-315	576	22	issues	issue	NOUN
ftr-315	576	23	raised	raise	VERB
ftr-315	576	24	as	as	ADP
ftr-315	576	25	a	a	DET
ftr-315	576	26	result	result	NOUN
ftr-315	576	27	of	of	ADP
ftr-315	576	28	the	the	DET
ftr-315	576	29	clawback	clawback	NOUN
ftr-315	576	30	provisions	provision	NOUN
ftr-315	576	31	,	,	PUNCT
ftr-315	576	32	lps	lps	PROPN
ftr-315	576	33	should	should	AUX
ftr-315	576	34	still	still	ADV
ftr-315	576	35	be	be	AUX
ftr-315	576	36	sensitive	sensitive	ADJ
ftr-315	576	37	to	to	ADP
ftr-315	576	38	their	their	PRON
ftr-315	576	39	potential	potential	ADJ
ftr-315	576	40	exposure	exposure	NOUN
ftr-315	576	41	.	.	PUNCT
ftr-315	577	1	this	this	DET
ftr-315	577	2	section	section	NOUN
ftr-315	577	3	explains	explain	VERB
ftr-315	577	4	how	how	SCONJ
ftr-315	577	5	tax	tax	NOUN
ftr-315	577	6	distributions	distribution	NOUN
ftr-315	577	7	operate	operate	VERB
ftr-315	577	8	and	and	CCONJ
ftr-315	577	9	why	why	SCONJ
ftr-315	577	10	they	they	PRON
ftr-315	577	11	are	be	AUX
ftr-315	577	12	needed	need	VERB
ftr-315	577	13	.	.	PUNCT
ftr-315	578	1	then	then	ADV
ftr-315	578	2	,	,	PUNCT
ftr-315	578	3	with	with	ADP
ftr-315	578	4	this	this	DET
ftr-315	578	5	background	background	NOUN
ftr-315	578	6	,	,	PUNCT
ftr-315	578	7	this	this	DET
ftr-315	578	8	section	section	NOUN
ftr-315	578	9	discusses	discuss	VERB
ftr-315	578	10	the	the	DET
ftr-315	578	11	possibility	possibility	NOUN
ftr-315	578	12	that	that	SCONJ
ftr-315	578	13	tax	tax	NOUN
ftr-315	578	14	distributions	distribution	NOUN
ftr-315	578	15	will	will	AUX
ftr-315	578	16	increase	increase	VERB
ftr-315	578	17	if	if	SCONJ
ftr-315	578	18	the	the	DET
ftr-315	578	19	tax	tax	NOUN
ftr-315	578	20	on	on	ADP
ftr-315	578	21	carried	carry	VERB
ftr-315	578	22	interests	interest	NOUN
ftr-315	578	23	increases	increase	NOUN
ftr-315	578	24	,	,	PUNCT
ftr-315	578	25	and	and	CCONJ
ftr-315	578	26	explains	explain	VERB
ftr-315	578	27	how	how	SCONJ
ftr-315	578	28	lps	lps	PROPN
ftr-315	578	29	may	may	AUX
ftr-315	578	30	be	be	AUX
ftr-315	578	31	indirectly	indirectly	ADV
ftr-315	578	32	affected	affect	VERB
ftr-315	578	33	as	as	ADP
ftr-315	578	34	a	a	DET
ftr-315	578	35	result	result	NOUN
ftr-315	578	36	.	.	PUNCT
ftr-315	579	1	finally	finally	ADV
ftr-315	579	2	,	,	PUNCT
ftr-315	579	3	this	this	DET
ftr-315	579	4	section	section	NOUN
ftr-315	579	5	provides	provide	VERB
ftr-315	579	6	some	some	DET
ftr-315	579	7	guidance	guidance	NOUN
ftr-315	579	8	to	to	ADP
ftr-315	579	9	lps	lps	PROPN
ftr-315	579	10	who	who	PRON
ftr-315	579	11	are	be	AUX
ftr-315	579	12	concerned	concerned	ADJ
ftr-315	579	13	about	about	ADP
ftr-315	579	14	how	how	SCONJ
ftr-315	579	15	they	they	PRON
ftr-315	579	16	might	might	AUX
ftr-315	579	17	be	be	AUX
ftr-315	579	18	affected	affect	VERB
ftr-315	579	19	by	by	ADP
ftr-315	579	20	the	the	DET
ftr-315	579	21	interaction	interaction	NOUN
ftr-315	579	22	between	between	ADP
ftr-315	579	23	the	the	DET
ftr-315	579	24	tax	tax	NOUN
ftr-315	579	25	distribution	distribution	NOUN
ftr-315	579	26	provision	provision	NOUN
ftr-315	579	27	and	and	CCONJ
ftr-315	579	28	the	the	DET
ftr-315	579	29	increase	increase	NOUN
ftr-315	579	30	in	in	ADP
ftr-315	579	31	taxes	taxis	NOUN
ftr-315	579	32	on	on	ADP
ftr-315	579	33	carried	carry	VERB
ftr-315	579	34	interests	interest	NOUN
ftr-315	579	35	.	.	PUNCT
ftr-315	580	1	1	1	X
ftr-315	580	2	.	.	X
ftr-315	580	3	understanding	understand	VERB
ftr-315	580	4	tax	tax	NOUN
ftr-315	580	5	distributions	distribution	NOUN
ftr-315	580	6	under	under	ADP
ftr-315	580	7	the	the	DET
ftr-315	580	8	partnership	partnership	NOUN
ftr-315	580	9	tax	tax	NOUN
ftr-315	580	10	rules	rule	NOUN
ftr-315	580	11	,	,	PUNCT
ftr-315	580	12	when	when	SCONJ
ftr-315	580	13	a	a	DET
ftr-315	580	14	partnership	partnership	NOUN
ftr-315	580	15	earns	earn	VERB
ftr-315	580	16	income	income	NOUN
ftr-315	580	17	,	,	PUNCT
ftr-315	580	18	the	the	DET
ftr-315	580	19	partnership	partnership	NOUN
ftr-315	580	20	itself	itself	PRON
ftr-315	580	21	is	be	AUX
ftr-315	580	22	not	not	PART
ftr-315	580	23	taxed.96	taxed.96	VERB
ftr-315	580	24	rather	rather	ADV
ftr-315	580	25	,	,	PUNCT
ftr-315	580	26	the	the	DET
ftr-315	580	27	partnership	partnership	NOUN
ftr-315	580	28	’s	’s	PART
ftr-315	580	29	income	income	NOUN
ftr-315	580	30	is	be	AUX
ftr-315	580	31	allocated	allocate	VERB
ftr-315	580	32	to	to	ADP
ftr-315	580	33	the	the	DET
ftr-315	580	34	partners	partner	NOUN
ftr-315	580	35	in	in	ADP
ftr-315	580	36	accordance	accordance	NOUN
ftr-315	580	37	with	with	ADP
ftr-315	580	38	the	the	DET
ftr-315	580	39	partnership	partnership	NOUN
ftr-315	580	40	agreement	agreement	NOUN
ftr-315	580	41	,	,	PUNCT
ftr-315	580	42	and	and	CCONJ
ftr-315	580	43	each	each	DET
ftr-315	580	44	partner	partner	NOUN
ftr-315	580	45	pays	pay	VERB
ftr-315	580	46	tax	tax	NOUN
ftr-315	580	47	on	on	ADP
ftr-315	580	48	its	its	PRON
ftr-315	580	49	allocable	allocable	ADJ
ftr-315	580	50	share	share	NOUN
ftr-315	580	51	of	of	ADP
ftr-315	580	52	the	the	DET
ftr-315	580	53	partnership	partnership	NOUN
ftr-315	580	54	income.97	income.97	NOUN
ftr-315	580	55	this	this	PRON
ftr-315	580	56	is	be	AUX
ftr-315	580	57	true	true	ADJ
ftr-315	580	58	whether	whether	SCONJ
ftr-315	580	59	or	or	CCONJ
ftr-315	580	60	not	not	PART
ftr-315	580	61	the	the	DET
ftr-315	580	62	partnership	partnership	NOUN
ftr-315	580	63	distributes	distribute	VERB
ftr-315	580	64	cash	cash	NOUN
ftr-315	580	65	to	to	ADP
ftr-315	580	66	the	the	DET
ftr-315	580	67	partner	partner	NOUN
ftr-315	580	68	.	.	PUNCT
ftr-315	581	1	thus	thus	ADV
ftr-315	581	2	,	,	PUNCT
ftr-315	581	3	when	when	SCONJ
ftr-315	581	4	a	a	DET
ftr-315	581	5	fund	fund	NOUN
ftr-315	581	6	earns	earn	VERB
ftr-315	581	7	income	income	NOUN
ftr-315	581	8	,	,	PUNCT
ftr-315	581	9	that	that	DET
ftr-315	581	10	income	income	NOUN
ftr-315	581	11	is	be	AUX
ftr-315	581	12	allocated	allocate	VERB
ftr-315	581	13	to	to	ADP
ftr-315	581	14	the	the	DET
ftr-315	581	15	partners	partner	NOUN
ftr-315	581	16	in	in	ADP
ftr-315	581	17	accordance	accordance	NOUN
ftr-315	581	18	with	with	ADP
ftr-315	581	19	the	the	DET
ftr-315	581	20	fund	fund	NOUN
ftr-315	581	21	agreement	agreement	NOUN
ftr-315	581	22	,	,	PUNCT
ftr-315	581	23	and	and	CCONJ
ftr-315	581	24	those	those	DET
ftr-315	581	25	partners	partner	NOUN
ftr-315	581	26	pay	pay	VERB
ftr-315	581	27	tax	tax	NOUN
ftr-315	581	28	on	on	ADP
ftr-315	581	29	that	that	DET
ftr-315	581	30	income	income	NOUN
ftr-315	581	31	.	.	PUNCT
ftr-315	582	1	if	if	SCONJ
ftr-315	582	2	at	at	ADV
ftr-315	582	3	least	least	ADJ
ftr-315	582	4	a	a	DET
ftr-315	582	5	significant	significant	ADJ
ftr-315	582	6	portion	portion	NOUN
ftr-315	582	7	of	of	ADP
ftr-315	582	8	that	that	DET
ftr-315	582	9	income	income	NOUN
ftr-315	582	10	is	be	AUX
ftr-315	582	11	concurrently	concurrently	ADV
ftr-315	582	12	distributed	distribute	VERB
ftr-315	582	13	to	to	ADP
ftr-315	582	14	the	the	DET
ftr-315	582	15	partners	partner	NOUN
ftr-315	582	16	,	,	PUNCT
ftr-315	582	17	the	the	DET
ftr-315	582	18	partners	partner	NOUN
ftr-315	582	19	can	can	AUX
ftr-315	582	20	use	use	VERB
ftr-315	582	21	that	that	DET
ftr-315	582	22	cash	cash	NOUN
ftr-315	582	23	to	to	PART
ftr-315	582	24	pay	pay	VERB
ftr-315	582	25	the	the	DET
ftr-315	582	26	tax	tax	NOUN
ftr-315	582	27	due	due	ADJ
ftr-315	582	28	.	.	PUNCT
ftr-315	583	1	however	however	ADV
ftr-315	583	2	,	,	PUNCT
ftr-315	583	3	where	where	SCONJ
ftr-315	583	4	a	a	DET
ftr-315	583	5	fund	fund	NOUN
ftr-315	583	6	does	do	AUX
ftr-315	583	7	not	not	PART
ftr-315	583	8	make	make	VERB
ftr-315	583	9	a	a	DET
ftr-315	583	10	corresponding	corresponding	ADJ
ftr-315	583	11	distribution	distribution	NOUN
ftr-315	583	12	of	of	ADP
ftr-315	583	13	cash	cash	NOUN
ftr-315	583	14	from	from	ADP
ftr-315	583	15	the	the	DET
ftr-315	583	16	fund	fund	NOUN
ftr-315	583	17	,	,	PUNCT
ftr-315	583	18	partners	partner	NOUN
ftr-315	583	19	have	have	VERB
ftr-315	583	20	“	"	PUNCT
ftr-315	583	21	phantom	phantom	ADJ
ftr-315	583	22	income	income	NOUN
ftr-315	583	23	”	"	PUNCT
ftr-315	583	24	—	—	PUNCT
ftr-315	583	25	the	the	DET
ftr-315	583	26	partner	partner	NOUN
ftr-315	583	27	may	may	AUX
ftr-315	583	28	owe	owe	VERB
ftr-315	583	29	current	current	ADJ
ftr-315	583	30	income	income	NOUN
ftr-315	583	31	tax	tax	NOUN
ftr-315	583	32	on	on	ADP
ftr-315	583	33	income	income	NOUN
ftr-315	583	34	that	that	SCONJ
ftr-315	583	35	the	the	DET
ftr-315	583	36	partner	partner	NOUN
ftr-315	583	37	has	have	AUX
ftr-315	583	38	not	not	PART
ftr-315	583	39	yet	yet	ADV
ftr-315	583	40	received.98	received.98	VERB
ftr-315	583	41	some	some	DET
ftr-315	583	42	partners	partner	NOUN
ftr-315	583	43	have	have	VERB
ftr-315	583	44	no	no	DET
ftr-315	583	45	problem	problem	NOUN
ftr-315	583	46	with	with	ADP
ftr-315	583	47	this	this	DET
ftr-315	583	48	result	result	NOUN
ftr-315	583	49	because	because	SCONJ
ftr-315	583	50	,	,	PUNCT
ftr-315	583	51	for	for	ADP
ftr-315	583	52	example	example	NOUN
ftr-315	583	53	,	,	PUNCT
ftr-315	583	54	they	they	PRON
ftr-315	583	55	have	have	VERB
ftr-315	583	56	ample	ample	ADJ
ftr-315	583	57	cash	cash	NOUN
ftr-315	583	58	flow	flow	NOUN
ftr-315	583	59	from	from	ADP
ftr-315	583	60	other	other	ADJ
ftr-315	583	61	sources	source	NOUN
ftr-315	583	62	,	,	PUNCT
ftr-315	583	63	or	or	CCONJ
ftr-315	583	64	they	they	PRON
ftr-315	583	65	are	be	AUX
ftr-315	583	66	tax	tax	NOUN
ftr-315	583	67	-	-	PUNCT
ftr-315	583	68	exempt	exempt	ADJ
ftr-315	583	69	.	.	PUNCT
ftr-315	584	1	many	many	ADJ
ftr-315	584	2	partners	partner	NOUN
ftr-315	584	3	,	,	PUNCT
ftr-315	584	4	however	however	ADV
ftr-315	584	5	,	,	PUNCT
ftr-315	584	6	find	find	VERB
ftr-315	584	7	this	this	DET
ftr-315	584	8	“	"	PUNCT
ftr-315	584	9	tax	tax	NOUN
ftr-315	584	10	without	without	ADP
ftr-315	584	11	cash	cash	NOUN
ftr-315	584	12	”	"	PUNCT
ftr-315	584	13	situation	situation	NOUN
ftr-315	584	14	to	to	PART
ftr-315	584	15	be	be	AUX
ftr-315	584	16	quite	quite	ADV
ftr-315	584	17	undesirable	undesirable	ADJ
ftr-315	584	18	.	.	PUNCT
ftr-315	585	1	in	in	ADP
ftr-315	585	2	response	response	NOUN
ftr-315	585	3	,	,	PUNCT
ftr-315	585	4	funds	fund	NOUN
ftr-315	585	5	often	often	ADV
ftr-315	585	6	provide	provide	VERB
ftr-315	585	7	for	for	ADP
ftr-315	585	8	“	"	PUNCT
ftr-315	585	9	tax	tax	NOUN
ftr-315	585	10	distributions	distribution	NOUN
ftr-315	585	11	,	,	PUNCT
ftr-315	585	12	”	"	PUNCT
ftr-315	585	13	particularly	particularly	ADV
ftr-315	585	14	to	to	ADP
ftr-315	585	15	the	the	DET
ftr-315	585	16	gp.99	gp.99	PROPN
ftr-315	585	17	96	96	NUM
ftr-315	585	18	.	.	PUNCT
ftr-315	585	19	i.r.c	i.r.c	NOUN
ftr-315	585	20	.	.	PUNCT
ftr-315	586	1	§	§	PROPN
ftr-315	586	2	702	702	NUM
ftr-315	586	3	.	.	PROPN
ftr-315	586	4	97	97	NUM
ftr-315	586	5	.	.	PUNCT
ftr-315	586	6	i.r.c	i.r.c	NOUN
ftr-315	586	7	.	.	PUNCT
ftr-315	587	1	§	§	PROPN
ftr-315	587	2	§	§	PROPN
ftr-315	587	3	702	702	NUM
ftr-315	587	4	,	,	PUNCT
ftr-315	587	5	704	704	NUM
ftr-315	587	6	.	.	PUNCT
ftr-315	587	7	98	98	NUM
ftr-315	587	8	.	.	PUNCT
ftr-315	588	1	funds	fund	NOUN
ftr-315	588	2	vary	vary	VERB
ftr-315	588	3	as	as	ADP
ftr-315	588	4	to	to	ADP
ftr-315	588	5	whether	whether	SCONJ
ftr-315	588	6	they	they	PRON
ftr-315	588	7	generally	generally	ADV
ftr-315	588	8	distribute	distribute	VERB
ftr-315	588	9	income	income	NOUN
ftr-315	588	10	as	as	SCONJ
ftr-315	588	11	it	it	PRON
ftr-315	588	12	is	be	AUX
ftr-315	588	13	earned	earn	VERB
ftr-315	588	14	,	,	PUNCT
ftr-315	588	15	so	so	SCONJ
ftr-315	588	16	this	this	DET
ftr-315	588	17	“	"	PUNCT
ftr-315	588	18	phantom	phantom	ADJ
ftr-315	588	19	income	income	NOUN
ftr-315	588	20	”	"	PUNCT
ftr-315	588	21	issue	issue	NOUN
ftr-315	588	22	is	be	AUX
ftr-315	588	23	more	more	ADJ
ftr-315	588	24	of	of	ADP
ftr-315	588	25	a	a	DET
ftr-315	588	26	problem	problem	NOUN
ftr-315	588	27	for	for	ADP
ftr-315	588	28	partners	partner	NOUN
ftr-315	588	29	in	in	ADP
ftr-315	588	30	some	some	DET
ftr-315	588	31	funds	fund	NOUN
ftr-315	588	32	and	and	CCONJ
ftr-315	588	33	is	be	AUX
ftr-315	588	34	less	less	ADJ
ftr-315	588	35	of	of	ADP
ftr-315	588	36	a	a	DET
ftr-315	588	37	problem	problem	NOUN
ftr-315	588	38	in	in	ADP
ftr-315	588	39	other	other	ADJ
ftr-315	588	40	funds	fund	NOUN
ftr-315	588	41	.	.	PUNCT
ftr-315	589	1	in	in	ADP
ftr-315	589	2	particular	particular	ADJ
ftr-315	589	3	,	,	PUNCT
ftr-315	589	4	private	private	ADJ
ftr-315	589	5	equity	equity	NOUN
ftr-315	589	6	funds	fund	NOUN
ftr-315	589	7	(	(	PUNCT
ftr-315	589	8	as	as	SCONJ
ftr-315	589	9	opposed	oppose	VERB
ftr-315	589	10	to	to	PART
ftr-315	589	11	hedge	hedge	VERB
ftr-315	589	12	funds	fund	NOUN
ftr-315	589	13	)	)	PUNCT
ftr-315	589	14	commonly	commonly	ADV
ftr-315	589	15	distribute	distribute	VERB
ftr-315	589	16	proceeds	proceed	NOUN
ftr-315	589	17	quickly	quickly	ADV
ftr-315	589	18	upon	upon	SCONJ
ftr-315	589	19	realization	realization	NOUN
ftr-315	589	20	,	,	PUNCT
ftr-315	589	21	reducing	reduce	VERB
ftr-315	589	22	the	the	DET
ftr-315	589	23	prevalence	prevalence	NOUN
ftr-315	589	24	of	of	ADP
ftr-315	589	25	phantom	phantom	ADJ
ftr-315	589	26	income	income	NOUN
ftr-315	589	27	problems	problem	NOUN
ftr-315	589	28	in	in	ADP
ftr-315	589	29	these	these	DET
ftr-315	589	30	funds	fund	NOUN
ftr-315	589	31	.	.	PUNCT
ftr-315	590	1	99	99	NUM
ftr-315	590	2	.	.	PUNCT
ftr-315	591	1	see	see	VERB
ftr-315	591	2	needham	needham	PROPN
ftr-315	591	3	,	,	PUNCT
ftr-315	591	4	private	private	ADJ
ftr-315	591	5	equity	equity	NOUN
ftr-315	591	6	funds	fund	NOUN
ftr-315	591	7	,	,	PUNCT
ftr-315	591	8	supra	supra	PROPN
ftr-315	591	9	note	note	PROPN
ftr-315	591	10	17	17	NUM
ftr-315	591	11	,	,	PUNCT
ftr-315	591	12	at	at	ADP
ftr-315	591	13	iii.b.5	iii.b.5	PROPN
ftr-315	591	14	.	.	PUNCT
ftr-315	591	15	;	;	PUNCT
ftr-315	591	16	levin	levin	PROPN
ftr-315	591	17	,	,	PUNCT
ftr-315	591	18	venture	venture	NOUN
ftr-315	591	19	capital	capital	NOUN
ftr-315	591	20	,	,	PUNCT
ftr-315	591	21	supra	supra	PROPN
ftr-315	591	22	note	note	PROPN
ftr-315	591	23	14	14	NUM
ftr-315	591	24	,	,	PUNCT
ftr-315	591	25	at	at	ADP
ftr-315	591	26	¶	¶	PROPN
ftr-315	591	27	1003.5	1003.5	NUM
ftr-315	591	28	.	.	PUNCT
ftr-315	591	29	2012	2012	NUM
ftr-315	591	30	]	]	PUNCT
ftr-315	592	1	“	"	PUNCT
ftr-315	592	2	carried	carry	VERB
ftr-315	592	3	interest	interest	NOUN
ftr-315	592	4	”	"	PUNCT
ftr-315	592	5	tax	tax	NOUN
ftr-315	592	6	proposals	proposal	NOUN
ftr-315	592	7	33	33	NUM
ftr-315	592	8	specifically	specifically	ADV
ftr-315	592	9	,	,	PUNCT
ftr-315	592	10	distributions	distribution	NOUN
ftr-315	592	11	are	be	AUX
ftr-315	592	12	made	make	VERB
ftr-315	592	13	to	to	ADP
ftr-315	592	14	designated	designate	VERB
ftr-315	592	15	partners	partner	NOUN
ftr-315	592	16	in	in	ADP
ftr-315	592	17	an	an	DET
ftr-315	592	18	amount	amount	NOUN
ftr-315	592	19	intended	intend	VERB
ftr-315	592	20	to	to	PART
ftr-315	592	21	enable	enable	VERB
ftr-315	592	22	a	a	DET
ftr-315	592	23	partner	partner	NOUN
ftr-315	592	24	to	to	PART
ftr-315	592	25	pay	pay	VERB
ftr-315	592	26	tax	tax	NOUN
ftr-315	592	27	on	on	ADP
ftr-315	592	28	the	the	DET
ftr-315	592	29	income	income	NOUN
ftr-315	592	30	allocated	allocate	VERB
ftr-315	592	31	to	to	ADP
ftr-315	592	32	that	that	DET
ftr-315	592	33	partner	partner	NOUN
ftr-315	592	34	.	.	PUNCT
ftr-315	593	1	these	these	DET
ftr-315	593	2	distributions	distribution	NOUN
ftr-315	593	3	typically	typically	ADV
ftr-315	593	4	have	have	VERB
ftr-315	593	5	priority	priority	NOUN
ftr-315	593	6	over	over	ADP
ftr-315	593	7	other	other	ADJ
ftr-315	593	8	distributions	distribution	NOUN
ftr-315	593	9	in	in	ADP
ftr-315	593	10	the	the	DET
ftr-315	593	11	regular	regular	ADJ
ftr-315	593	12	distribution	distribution	NOUN
ftr-315	593	13	waterfall	waterfall	NOUN
ftr-315	593	14	,	,	PUNCT
ftr-315	593	15	and	and	CCONJ
ftr-315	593	16	these	these	DET
ftr-315	593	17	distributions	distribution	NOUN
ftr-315	593	18	are	be	AUX
ftr-315	593	19	typically	typically	ADV
ftr-315	593	20	treated	treat	VERB
ftr-315	593	21	as	as	ADP
ftr-315	593	22	advances	advance	NOUN
ftr-315	593	23	on	on	ADP
ftr-315	593	24	distributions	distribution	NOUN
ftr-315	593	25	to	to	PART
ftr-315	593	26	which	which	PRON
ftr-315	593	27	the	the	DET
ftr-315	593	28	particular	particular	ADJ
ftr-315	593	29	partner	partner	NOUN
ftr-315	593	30	would	would	AUX
ftr-315	593	31	otherwise	otherwise	ADV
ftr-315	593	32	be	be	AUX
ftr-315	593	33	entitled.100	entitled.100	ADV
ftr-315	593	34	again	again	ADV
ftr-315	593	35	,	,	PUNCT
ftr-315	593	36	some	some	PRON
ftr-315	593	37	of	of	ADP
ftr-315	593	38	the	the	DET
ftr-315	593	39	details	detail	NOUN
ftr-315	593	40	of	of	ADP
ftr-315	593	41	tax	tax	NOUN
ftr-315	593	42	distributions	distribution	NOUN
ftr-315	593	43	vary	vary	VERB
ftr-315	593	44	from	from	ADP
ftr-315	593	45	fund	fund	NOUN
ftr-315	593	46	to	to	PART
ftr-315	593	47	fund	fund	VERB
ftr-315	593	48	.	.	PUNCT
ftr-315	594	1	for	for	ADP
ftr-315	594	2	example	example	NOUN
ftr-315	594	3	,	,	PUNCT
ftr-315	594	4	(	(	PUNCT
ftr-315	594	5	i	i	NOUN
ftr-315	594	6	)	)	PUNCT
ftr-315	594	7	tax	tax	NOUN
ftr-315	594	8	distributions	distribution	NOUN
ftr-315	594	9	may	may	AUX
ftr-315	594	10	be	be	AUX
ftr-315	594	11	made	make	VERB
ftr-315	594	12	to	to	ADP
ftr-315	594	13	all	all	DET
ftr-315	594	14	partners	partner	NOUN
ftr-315	594	15	or	or	CCONJ
ftr-315	594	16	only	only	ADV
ftr-315	594	17	to	to	ADP
ftr-315	594	18	the	the	DET
ftr-315	594	19	gp,101	gp,101	PROPN
ftr-315	594	20	(	(	PUNCT
ftr-315	594	21	ii	ii	NOUN
ftr-315	594	22	)	)	PUNCT
ftr-315	594	23	tax	tax	NOUN
ftr-315	594	24	distributions	distribution	NOUN
ftr-315	594	25	may	may	AUX
ftr-315	594	26	be	be	AUX
ftr-315	594	27	calculated	calculate	VERB
ftr-315	594	28	using	use	VERB
ftr-315	594	29	an	an	DET
ftr-315	594	30	assumed	assumed	ADJ
ftr-315	594	31	rate	rate	NOUN
ftr-315	594	32	of	of	ADP
ftr-315	594	33	tax	tax	NOUN
ftr-315	594	34	or	or	CCONJ
ftr-315	594	35	using	use	VERB
ftr-315	594	36	an	an	DET
ftr-315	594	37	approach	approach	NOUN
ftr-315	594	38	that	that	PRON
ftr-315	594	39	is	be	AUX
ftr-315	594	40	more	more	ADV
ftr-315	594	41	tailored	tailor	VERB
ftr-315	594	42	to	to	ADP
ftr-315	594	43	the	the	DET
ftr-315	594	44	individual	individual	ADJ
ftr-315	594	45	tax	tax	NOUN
ftr-315	594	46	situations	situation	NOUN
ftr-315	594	47	of	of	ADP
ftr-315	594	48	the	the	DET
ftr-315	594	49	particular	particular	ADJ
ftr-315	594	50	distributees,102	distributees,102	X
ftr-315	594	51	(	(	PUNCT
ftr-315	594	52	iii	iii	NOUN
ftr-315	594	53	)	)	PUNCT
ftr-315	594	54	tax	tax	NOUN
ftr-315	594	55	distributions	distribution	NOUN
ftr-315	594	56	may	may	AUX
ftr-315	594	57	be	be	AUX
ftr-315	594	58	calculated	calculate	VERB
ftr-315	594	59	on	on	ADP
ftr-315	594	60	a	a	DET
ftr-315	594	61	year	year	NOUN
ftr-315	594	62	-	-	PUNCT
ftr-315	594	63	by	by	ADP
ftr-315	594	64	-	-	PUNCT
ftr-315	594	65	year	year	NOUN
ftr-315	594	66	basis	basis	NOUN
ftr-315	594	67	,	,	PUNCT
ftr-315	594	68	deal	deal	NOUN
ftr-315	594	69	-	-	PUNCT
ftr-315	594	70	by	by	ADP
ftr-315	594	71	-	-	PUNCT
ftr-315	594	72	deal	deal	NOUN
ftr-315	594	73	basis	basis	NOUN
ftr-315	594	74	,	,	PUNCT
ftr-315	594	75	or	or	CCONJ
ftr-315	594	76	on	on	ADP
ftr-315	594	77	a	a	DET
ftr-315	594	78	cumulative	cumulative	ADJ
ftr-315	594	79	basis,103	basis,103	NOUN
ftr-315	594	80	and	and	CCONJ
ftr-315	594	81	(	(	PUNCT
ftr-315	594	82	iv	iv	X
ftr-315	594	83	)	)	PUNCT
ftr-315	594	84	cash	cash	NOUN
ftr-315	594	85	remaining	remain	VERB
ftr-315	594	86	after	after	SCONJ
ftr-315	594	87	the	the	DET
ftr-315	594	88	tax	tax	NOUN
ftr-315	594	89	distributions	distribution	NOUN
ftr-315	594	90	have	have	AUX
ftr-315	594	91	been	be	AUX
ftr-315	594	92	made	make	VERB
ftr-315	594	93	may	may	AUX
ftr-315	594	94	be	be	AUX
ftr-315	594	95	retained	retain	VERB
ftr-315	594	96	and	and	CCONJ
ftr-315	594	97	redeployed	redeploy	VERB
ftr-315	594	98	in	in	ADP
ftr-315	594	99	the	the	DET
ftr-315	594	100	enterprise	enterprise	NOUN
ftr-315	594	101	,	,	PUNCT
ftr-315	594	102	or	or	CCONJ
ftr-315	594	103	remaining	remain	VERB
ftr-315	594	104	cash	cash	NOUN
ftr-315	594	105	may	may	AUX
ftr-315	594	106	be	be	AUX
ftr-315	594	107	distributed	distribute	VERB
ftr-315	594	108	to	to	ADP
ftr-315	594	109	the	the	DET
ftr-315	594	110	lps	lps	PROPN
ftr-315	594	111	to	to	PART
ftr-315	594	112	return	return	VERB
ftr-315	594	113	their	their	PRON
ftr-315	594	114	capital	capital	NOUN
ftr-315	594	115	contributions.104	contributions.104	NOUN
ftr-315	594	116	of	of	ADP
ftr-315	594	117	course	course	NOUN
ftr-315	594	118	,	,	PUNCT
ftr-315	594	119	funds	fund	NOUN
ftr-315	594	120	that	that	PRON
ftr-315	594	121	make	make	VERB
ftr-315	594	122	current	current	ADJ
ftr-315	594	123	cash	cash	NOUN
ftr-315	594	124	distributions	distribution	NOUN
ftr-315	594	125	in	in	ADP
ftr-315	594	126	amounts	amount	NOUN
ftr-315	594	127	equal	equal	ADJ
ftr-315	594	128	to	to	ADP
ftr-315	594	129	current	current	ADJ
ftr-315	594	130	allocations	allocation	NOUN
ftr-315	594	131	of	of	ADP
ftr-315	594	132	income	income	NOUN
ftr-315	594	133	need	need	AUX
ftr-315	594	134	not	not	PART
ftr-315	594	135	provide	provide	VERB
ftr-315	594	136	for	for	ADP
ftr-315	594	137	tax	tax	NOUN
ftr-315	594	138	distributions	distribution	NOUN
ftr-315	594	139	;	;	PUNCT
ftr-315	594	140	partners	partner	NOUN
ftr-315	594	141	in	in	ADP
ftr-315	594	142	these	these	DET
ftr-315	594	143	funds	fund	NOUN
ftr-315	594	144	receive	receive	VERB
ftr-315	594	145	plenty	plenty	NOUN
ftr-315	594	146	of	of	ADP
ftr-315	594	147	cash	cash	NOUN
ftr-315	594	148	to	to	PART
ftr-315	594	149	pay	pay	VERB
ftr-315	594	150	the	the	DET
ftr-315	594	151	tax	tax	NOUN
ftr-315	594	152	on	on	ADP
ftr-315	594	153	the	the	DET
ftr-315	594	154	fund	fund	NOUN
ftr-315	594	155	income	income	NOUN
ftr-315	594	156	allocated	allocate	VERB
ftr-315	594	157	to	to	ADP
ftr-315	594	158	them	they	PRON
ftr-315	594	159	.	.	PUNCT
ftr-315	595	1	that	that	PRON
ftr-315	595	2	said	say	VERB
ftr-315	595	3	,	,	PUNCT
ftr-315	595	4	to	to	ADP
ftr-315	595	5	the	the	DET
ftr-315	595	6	extent	extent	NOUN
ftr-315	595	7	that	that	SCONJ
ftr-315	595	8	the	the	DET
ftr-315	595	9	fund	fund	NOUN
ftr-315	595	10	regularly	regularly	ADV
ftr-315	595	11	makes	make	VERB
ftr-315	595	12	additional	additional	ADJ
ftr-315	595	13	capital	capital	NOUN
ftr-315	595	14	calls	call	NOUN
ftr-315	595	15	and	and	CCONJ
ftr-315	595	16	the	the	DET
ftr-315	595	17	gp	gp	NOUN
ftr-315	595	18	(	(	PUNCT
ftr-315	595	19	and	and	CCONJ
ftr-315	595	20	possibly	possibly	ADV
ftr-315	595	21	others	other	NOUN
ftr-315	595	22	)	)	PUNCT
ftr-315	595	23	reinvest	reinvest	VERB
ftr-315	595	24	the	the	DET
ftr-315	595	25	amount	amount	NOUN
ftr-315	595	26	received	receive	VERB
ftr-315	595	27	in	in	ADP
ftr-315	595	28	the	the	DET
ftr-315	595	29	distribution	distribution	NOUN
ftr-315	595	30	less	less	ADV
ftr-315	595	31	the	the	DET
ftr-315	595	32	tax	tax	NOUN
ftr-315	595	33	due	due	ADJ
ftr-315	595	34	(	(	PUNCT
ftr-315	595	35	or	or	CCONJ
ftr-315	595	36	assumed	assume	VERB
ftr-315	595	37	due	due	ADJ
ftr-315	595	38	)	)	PUNCT
ftr-315	595	39	,	,	PUNCT
ftr-315	595	40	the	the	DET
ftr-315	595	41	fund	fund	NOUN
ftr-315	595	42	effectively	effectively	ADV
ftr-315	595	43	makes	make	VERB
ftr-315	595	44	“	"	PUNCT
ftr-315	595	45	tax	tax	NOUN
ftr-315	595	46	distributions	distribution	NOUN
ftr-315	595	47	.	.	PUNCT
ftr-315	595	48	”	"	PUNCT
ftr-315	596	1	further	far	ADV
ftr-315	596	2	,	,	PUNCT
ftr-315	596	3	funds	fund	NOUN
ftr-315	596	4	that	that	PRON
ftr-315	596	5	subject	subject	VERB
ftr-315	596	6	the	the	DET
ftr-315	596	7	gp	gp	NOUN
ftr-315	596	8	’s	’s	PART
ftr-315	596	9	carry	carry	VERB
ftr-315	596	10	distribution	distribution	NOUN
ftr-315	596	11	to	to	ADP
ftr-315	596	12	an	an	DET
ftr-315	596	13	escrow	escrow	NOUN
ftr-315	596	14	also	also	ADV
ftr-315	596	15	often	often	ADV
ftr-315	596	16	make	make	VERB
ftr-315	596	17	tax	tax	NOUN
ftr-315	596	18	distributions	distribution	NOUN
ftr-315	596	19	out	out	ADP
ftr-315	596	20	of	of	ADP
ftr-315	596	21	the	the	DET
ftr-315	596	22	escrow	escrow	NOUN
ftr-315	596	23	to	to	PART
ftr-315	596	24	enable	enable	VERB
ftr-315	596	25	the	the	DET
ftr-315	596	26	gp	gp	NOUN
ftr-315	596	27	to	to	PART
ftr-315	596	28	pay	pay	VERB
ftr-315	596	29	taxes	taxis	NOUN
ftr-315	596	30	on	on	ADP
ftr-315	596	31	the	the	DET
ftr-315	596	32	escrowed	escrowe	VERB
ftr-315	596	33	funds.105	funds.105	ADJ
ftr-315	596	34	ultimately	ultimately	ADV
ftr-315	596	35	,	,	PUNCT
ftr-315	596	36	where	where	SCONJ
ftr-315	596	37	there	there	PRON
ftr-315	596	38	are	be	VERB
ftr-315	596	39	delays	delay	NOUN
ftr-315	596	40	between	between	ADP
ftr-315	596	41	the	the	DET
ftr-315	596	42	time	time	NOUN
ftr-315	596	43	a	a	DET
ftr-315	596	44	partner	partner	NOUN
ftr-315	596	45	is	be	AUX
ftr-315	596	46	taxed	tax	VERB
ftr-315	596	47	on	on	ADP
ftr-315	596	48	fund	fund	NOUN
ftr-315	596	49	income	income	NOUN
ftr-315	596	50	and	and	CCONJ
ftr-315	596	51	the	the	DET
ftr-315	596	52	time	time	NOUN
ftr-315	596	53	a	a	DET
ftr-315	596	54	partner	partner	NOUN
ftr-315	596	55	is	be	AUX
ftr-315	596	56	to	to	PART
ftr-315	596	57	receive	receive	VERB
ftr-315	596	58	that	that	DET
ftr-315	596	59	income	income	NOUN
ftr-315	596	60	,	,	PUNCT
ftr-315	596	61	a	a	DET
ftr-315	596	62	tax	tax	NOUN
ftr-315	596	63	distribution	distribution	NOUN
ftr-315	596	64	helps	help	VERB
ftr-315	596	65	the	the	DET
ftr-315	596	66	partner	partner	NOUN
ftr-315	596	67	overcome	overcome	VERB
ftr-315	596	68	the	the	DET
ftr-315	596	69	cash	cash	NOUN
ftr-315	596	70	flow	flow	NOUN
ftr-315	596	71	issue	issue	NOUN
ftr-315	596	72	and	and	CCONJ
ftr-315	596	73	pay	pay	VERB
ftr-315	596	74	the	the	DET
ftr-315	596	75	tax	tax	NOUN
ftr-315	596	76	due	due	ADP
ftr-315	596	77	on	on	ADP
ftr-315	596	78	the	the	DET
ftr-315	596	79	partner	partner	NOUN
ftr-315	596	80	’s	’s	PART
ftr-315	596	81	allocable	allocable	ADJ
ftr-315	596	82	share	share	NOUN
ftr-315	596	83	of	of	ADP
ftr-315	596	84	fund	fund	NOUN
ftr-315	596	85	income	income	NOUN
ftr-315	596	86	.	.	PUNCT
ftr-315	597	1	100	100	NUM
ftr-315	597	2	.	.	PUNCT
ftr-315	598	1	see	see	VERB
ftr-315	598	2	needham	needham	PROPN
ftr-315	598	3	,	,	PUNCT
ftr-315	598	4	private	private	ADJ
ftr-315	598	5	equity	equity	NOUN
ftr-315	598	6	funds	fund	NOUN
ftr-315	598	7	,	,	PUNCT
ftr-315	598	8	supra	supra	PROPN
ftr-315	598	9	note	note	PROPN
ftr-315	598	10	17	17	NUM
ftr-315	598	11	,	,	PUNCT
ftr-315	598	12	at	at	ADP
ftr-315	598	13	iii.b.5	iii.b.5	NUM
ftr-315	598	14	.	.	PROPN
ftr-315	599	1	101	101	NUM
ftr-315	599	2	.	.	PUNCT
ftr-315	600	1	for	for	ADP
ftr-315	600	2	example	example	NOUN
ftr-315	600	3	,	,	PUNCT
ftr-315	600	4	lps	lps	PROPN
ftr-315	600	5	who	who	PRON
ftr-315	600	6	are	be	AUX
ftr-315	600	7	tax	tax	NOUN
ftr-315	600	8	-	-	PUNCT
ftr-315	600	9	exempt	exempt	ADJ
ftr-315	600	10	,	,	PUNCT
ftr-315	600	11	foreign	foreign	ADJ
ftr-315	600	12	,	,	PUNCT
ftr-315	600	13	or	or	CCONJ
ftr-315	600	14	quite	quite	ADV
ftr-315	600	15	liquid	liquid	NOUN
ftr-315	600	16	may	may	AUX
ftr-315	600	17	not	not	PART
ftr-315	600	18	need	need	VERB
ftr-315	600	19	tax	tax	NOUN
ftr-315	600	20	distributions	distribution	NOUN
ftr-315	600	21	.	.	PUNCT
ftr-315	601	1	102	102	NUM
ftr-315	601	2	.	.	PUNCT
ftr-315	602	1	it	it	PRON
ftr-315	602	2	is	be	AUX
ftr-315	602	3	much	much	ADV
ftr-315	602	4	more	more	ADV
ftr-315	602	5	common	common	ADJ
ftr-315	602	6	to	to	PART
ftr-315	602	7	use	use	VERB
ftr-315	602	8	an	an	DET
ftr-315	602	9	assumed	assume	VERB
ftr-315	602	10	rate	rate	NOUN
ftr-315	602	11	.	.	PUNCT
ftr-315	603	1	see	see	VERB
ftr-315	603	2	needham	needham	PROPN
ftr-315	603	3	,	,	PUNCT
ftr-315	603	4	private	private	ADJ
ftr-315	603	5	equity	equity	NOUN
ftr-315	603	6	funds	fund	NOUN
ftr-315	603	7	,	,	PUNCT
ftr-315	603	8	supra	supra	PROPN
ftr-315	603	9	note	note	PROPN
ftr-315	603	10	17	17	NUM
ftr-315	603	11	,	,	PUNCT
ftr-315	603	12	at	at	ADP
ftr-315	603	13	iii.b.5	iii.b.5	PROPN
ftr-315	603	14	.	.	PROPN
ftr-315	603	15	103	103	NUM
ftr-315	603	16	.	.	PUNCT
ftr-315	604	1	see	see	VERB
ftr-315	604	2	needham	needham	PROPN
ftr-315	604	3	,	,	PUNCT
ftr-315	604	4	private	private	ADJ
ftr-315	604	5	equity	equity	NOUN
ftr-315	604	6	funds	fund	NOUN
ftr-315	604	7	,	,	PUNCT
ftr-315	604	8	supra	supra	PROPN
ftr-315	604	9	note	note	PROPN
ftr-315	604	10	17	17	NUM
ftr-315	604	11	,	,	PUNCT
ftr-315	604	12	at	at	ADP
ftr-315	604	13	iii.b.5	iii.b.5	NUM
ftr-315	604	14	.	.	PUNCT
ftr-315	605	1	(	(	PUNCT
ftr-315	605	2	explaining	explain	VERB
ftr-315	605	3	that	that	SCONJ
ftr-315	605	4	“	"	PUNCT
ftr-315	605	5	[	[	X
ftr-315	605	6	t]he	t]he	ADJ
ftr-315	605	7	effect	effect	NOUN
ftr-315	605	8	of	of	ADP
ftr-315	605	9	a	a	DET
ftr-315	605	10	cumulative	cumulative	ADJ
ftr-315	605	11	approach	approach	NOUN
ftr-315	605	12	is	be	AUX
ftr-315	605	13	that	that	SCONJ
ftr-315	605	14	gains	gain	NOUN
ftr-315	605	15	in	in	ADP
ftr-315	605	16	any	any	DET
ftr-315	605	17	particular	particular	ADJ
ftr-315	605	18	year	year	NOUN
ftr-315	605	19	must	must	AUX
ftr-315	605	20	exceed	exceed	VERB
ftr-315	605	21	the	the	DET
ftr-315	605	22	excess	excess	NOUN
ftr-315	605	23	of	of	ADP
ftr-315	605	24	losses	loss	NOUN
ftr-315	605	25	over	over	ADP
ftr-315	605	26	gains	gain	NOUN
ftr-315	605	27	in	in	ADP
ftr-315	605	28	all	all	DET
ftr-315	605	29	preceding	precede	VERB
ftr-315	605	30	years	year	NOUN
ftr-315	605	31	before	before	SCONJ
ftr-315	605	32	a	a	DET
ftr-315	605	33	member	member	NOUN
ftr-315	605	34	is	be	AUX
ftr-315	605	35	entitled	entitle	VERB
ftr-315	605	36	to	to	ADP
ftr-315	605	37	a	a	DET
ftr-315	605	38	tax	tax	NOUN
ftr-315	605	39	distribution	distribution	NOUN
ftr-315	605	40	”	"	PUNCT
ftr-315	605	41	)	)	PUNCT
ftr-315	605	42	.	.	PUNCT
ftr-315	606	1	104	104	X
ftr-315	606	2	.	.	PUNCT
ftr-315	607	1	see	see	PROPN
ftr-315	607	2	levin	levin	PROPN
ftr-315	607	3	,	,	PUNCT
ftr-315	607	4	venture	venture	NOUN
ftr-315	607	5	capital	capital	NOUN
ftr-315	607	6	,	,	PUNCT
ftr-315	607	7	supra	supra	PROPN
ftr-315	607	8	note	note	PROPN
ftr-315	607	9	14	14	NUM
ftr-315	607	10	,	,	PUNCT
ftr-315	607	11	at	at	ADP
ftr-315	607	12	¶	¶	PROPN
ftr-315	607	13	1005	1005	NUM
ftr-315	607	14	(	(	PUNCT
ftr-315	607	15	explaining	explain	VERB
ftr-315	607	16	that	that	SCONJ
ftr-315	607	17	it	it	PRON
ftr-315	607	18	is	be	AUX
ftr-315	607	19	a	a	DET
ftr-315	607	20	business	business	NOUN
ftr-315	607	21	decision	decision	NOUN
ftr-315	607	22	as	as	ADP
ftr-315	607	23	to	to	ADP
ftr-315	607	24	whether	whether	SCONJ
ftr-315	607	25	the	the	DET
ftr-315	607	26	gp	gp	NOUN
ftr-315	607	27	has	have	AUX
ftr-315	607	28	the	the	DET
ftr-315	607	29	power	power	NOUN
ftr-315	607	30	to	to	PART
ftr-315	607	31	reinvest	reinvest	VERB
ftr-315	607	32	proceeds	proceed	NOUN
ftr-315	607	33	rather	rather	ADV
ftr-315	607	34	than	than	ADP
ftr-315	607	35	to	to	PART
ftr-315	607	36	distribute	distribute	VERB
ftr-315	607	37	the	the	DET
ftr-315	607	38	proceeds	proceed	NOUN
ftr-315	607	39	)	)	PUNCT
ftr-315	607	40	;	;	PUNCT
ftr-315	607	41	needham	needham	PROPN
ftr-315	607	42	&	&	CCONJ
ftr-315	607	43	brause	brause	PROPN
ftr-315	607	44	,	,	PUNCT
ftr-315	607	45	hedge	hedge	NOUN
ftr-315	607	46	funds	fund	NOUN
ftr-315	607	47	,	,	PUNCT
ftr-315	607	48	supra	supra	PROPN
ftr-315	607	49	note	note	PROPN
ftr-315	607	50	11	11	NUM
ftr-315	607	51	,	,	PUNCT
ftr-315	607	52	at	at	ADP
ftr-315	607	53	i.a	i.a	PROPN
ftr-315	607	54	.	.	PROPN
ftr-315	608	1	(	(	PUNCT
ftr-315	608	2	explaining	explain	VERB
ftr-315	608	3	that	that	SCONJ
ftr-315	608	4	hedge	hedge	NOUN
ftr-315	608	5	funds	fund	NOUN
ftr-315	608	6	often	often	ADV
ftr-315	608	7	have	have	VERB
ftr-315	608	8	tremendous	tremendous	ADJ
ftr-315	608	9	flexibility	flexibility	NOUN
ftr-315	608	10	to	to	PART
ftr-315	608	11	“	"	PUNCT
ftr-315	608	12	buy	buy	VERB
ftr-315	608	13	,	,	PUNCT
ftr-315	608	14	sell	sell	VERB
ftr-315	608	15	and	and	CCONJ
ftr-315	608	16	reinvest	reinvest	VERB
ftr-315	608	17	proceeds	proceed	NOUN
ftr-315	608	18	of	of	ADP
ftr-315	608	19	sale	sale	NOUN
ftr-315	608	20	”	"	PUNCT
ftr-315	608	21	)	)	PUNCT
ftr-315	608	22	.	.	PUNCT
ftr-315	609	1	105	105	NUM
ftr-315	609	2	.	.	PUNCT
ftr-315	610	1	see	see	VERB
ftr-315	610	2	supra	supra	PROPN
ftr-315	610	3	note	note	PROPN
ftr-315	610	4	67	67	NUM
ftr-315	610	5	.	.	PUNCT
ftr-315	611	1	34	34	NUM
ftr-315	611	2	florida	florida	PROPN
ftr-315	611	3	tax	tax	NOUN
ftr-315	611	4	review	review	NOUN
ftr-315	612	1	[	[	X
ftr-315	612	2	vol.13:1	vol.13:1	NOUN
ftr-315	612	3	2	2	NUM
ftr-315	612	4	.	.	PUNCT
ftr-315	612	5	increasing	increase	VERB
ftr-315	612	6	tax	tax	NOUN
ftr-315	612	7	distributions	distribution	NOUN
ftr-315	612	8	in	in	ADP
ftr-315	612	9	response	response	NOUN
ftr-315	612	10	to	to	ADP
ftr-315	612	11	increased	increase	VERB
ftr-315	612	12	tax	tax	NOUN
ftr-315	612	13	on	on	ADP
ftr-315	612	14	carried	carry	VERB
ftr-315	612	15	interests	interest	NOUN
ftr-315	612	16	in	in	ADP
ftr-315	612	17	funds	fund	NOUN
ftr-315	612	18	that	that	PRON
ftr-315	612	19	earn	earn	VERB
ftr-315	612	20	significant	significant	ADJ
ftr-315	612	21	amounts	amount	NOUN
ftr-315	612	22	of	of	ADP
ftr-315	612	23	ltcg	ltcg	ADJ
ftr-315	612	24	income	income	NOUN
ftr-315	612	25	,	,	PUNCT
ftr-315	612	26	the	the	DET
ftr-315	612	27	carried	carry	VERB
ftr-315	612	28	interest	interest	NOUN
ftr-315	612	29	tax	tax	NOUN
ftr-315	612	30	proposals	proposal	NOUN
ftr-315	612	31	would	would	AUX
ftr-315	612	32	increase	increase	VERB
ftr-315	612	33	the	the	DET
ftr-315	612	34	amount	amount	NOUN
ftr-315	612	35	of	of	ADP
ftr-315	612	36	tax	tax	NOUN
ftr-315	612	37	that	that	PRON
ftr-315	612	38	the	the	DET
ftr-315	612	39	gp	gp	NOUN
ftr-315	612	40	would	would	AUX
ftr-315	612	41	owe	owe	VERB
ftr-315	612	42	on	on	ADP
ftr-315	612	43	the	the	DET
ftr-315	612	44	carried	carry	VERB
ftr-315	612	45	interest	interest	NOUN
ftr-315	612	46	.	.	PUNCT
ftr-315	613	1	in	in	ADP
ftr-315	613	2	turn	turn	NOUN
ftr-315	613	3	,	,	PUNCT
ftr-315	613	4	this	this	PRON
ftr-315	613	5	could	could	AUX
ftr-315	613	6	affect	affect	VERB
ftr-315	613	7	tax	tax	NOUN
ftr-315	613	8	distributions	distribution	NOUN
ftr-315	613	9	.	.	PUNCT
ftr-315	614	1	specifically	specifically	ADV
ftr-315	614	2	,	,	PUNCT
ftr-315	614	3	gps	gps	PROPN
ftr-315	614	4	would	would	AUX
ftr-315	614	5	want	want	VERB
ftr-315	614	6	the	the	DET
ftr-315	614	7	size	size	NOUN
ftr-315	614	8	of	of	ADP
ftr-315	614	9	the	the	DET
ftr-315	614	10	tax	tax	NOUN
ftr-315	614	11	distributions	distribution	NOUN
ftr-315	614	12	to	to	PART
ftr-315	614	13	be	be	AUX
ftr-315	614	14	increased	increase	VERB
ftr-315	614	15	in	in	ADP
ftr-315	614	16	order	order	NOUN
ftr-315	614	17	to	to	PART
ftr-315	614	18	cover	cover	VERB
ftr-315	614	19	the	the	DET
ftr-315	614	20	higher	high	ADJ
ftr-315	614	21	tax	tax	NOUN
ftr-315	614	22	bill	bill	NOUN
ftr-315	614	23	applicable	applicable	ADJ
ftr-315	614	24	to	to	ADP
ftr-315	614	25	the	the	DET
ftr-315	614	26	carry	carry	NOUN
ftr-315	614	27	.	.	PUNCT
ftr-315	615	1	an	an	DET
ftr-315	615	2	increase	increase	NOUN
ftr-315	615	3	to	to	ADP
ftr-315	615	4	the	the	DET
ftr-315	615	5	amount	amount	NOUN
ftr-315	615	6	of	of	ADP
ftr-315	615	7	the	the	DET
ftr-315	615	8	tax	tax	NOUN
ftr-315	615	9	distribution	distribution	NOUN
ftr-315	615	10	may	may	AUX
ftr-315	615	11	already	already	ADV
ftr-315	615	12	be	be	AUX
ftr-315	615	13	built	build	VERB
ftr-315	615	14	into	into	ADP
ftr-315	615	15	some	some	DET
ftr-315	615	16	fund	fund	NOUN
ftr-315	615	17	agreements	agreement	NOUN
ftr-315	615	18	such	such	ADJ
ftr-315	615	19	that	that	SCONJ
ftr-315	615	20	the	the	DET
ftr-315	615	21	tax	tax	NOUN
ftr-315	615	22	distributions	distribution	NOUN
ftr-315	615	23	will	will	AUX
ftr-315	615	24	increase	increase	VERB
ftr-315	615	25	in	in	ADP
ftr-315	615	26	amount	amount	NOUN
ftr-315	615	27	without	without	ADP
ftr-315	615	28	any	any	DET
ftr-315	615	29	additional	additional	ADJ
ftr-315	615	30	negotiation	negotiation	NOUN
ftr-315	615	31	or	or	CCONJ
ftr-315	615	32	agreement	agreement	NOUN
ftr-315	615	33	between	between	ADP
ftr-315	615	34	the	the	DET
ftr-315	615	35	parties	party	NOUN
ftr-315	615	36	.	.	PUNCT
ftr-315	616	1	this	this	PRON
ftr-315	616	2	is	be	AUX
ftr-315	616	3	likely	likely	ADJ
ftr-315	616	4	the	the	DET
ftr-315	616	5	case	case	NOUN
ftr-315	616	6	where	where	SCONJ
ftr-315	616	7	the	the	DET
ftr-315	616	8	tax	tax	NOUN
ftr-315	616	9	distribution	distribution	NOUN
ftr-315	616	10	amounts	amount	NOUN
ftr-315	616	11	are	be	AUX
ftr-315	616	12	based	base	VERB
ftr-315	616	13	on	on	ADP
ftr-315	616	14	a	a	DET
ftr-315	616	15	variety	variety	NOUN
ftr-315	616	16	of	of	ADP
ftr-315	616	17	assumptions.106	assumptions.106	ADP
ftr-315	616	18	for	for	ADP
ftr-315	616	19	example	example	NOUN
ftr-315	616	20	,	,	PUNCT
ftr-315	616	21	consider	consider	VERB
ftr-315	616	22	a	a	DET
ftr-315	616	23	fund	fund	NOUN
ftr-315	616	24	agreement	agreement	NOUN
ftr-315	616	25	that	that	PRON
ftr-315	616	26	defines	define	VERB
ftr-315	616	27	the	the	DET
ftr-315	616	28	tax	tax	NOUN
ftr-315	616	29	distribution	distribution	NOUN
ftr-315	616	30	to	to	PART
ftr-315	616	31	be	be	AUX
ftr-315	616	32	the	the	DET
ftr-315	616	33	amount	amount	NOUN
ftr-315	616	34	“	"	PUNCT
ftr-315	616	35	reasonably	reasonably	ADV
ftr-315	616	36	required	require	VERB
ftr-315	616	37	by	by	ADP
ftr-315	616	38	the	the	DET
ftr-315	616	39	[	[	X
ftr-315	616	40	gp	gp	NOUN
ftr-315	616	41	]	]	X
ftr-315	616	42	for	for	ADP
ftr-315	616	43	payment	payment	NOUN
ftr-315	616	44	of	of	ADP
ftr-315	616	45	its	its	PRON
ftr-315	616	46	federal	federal	ADJ
ftr-315	616	47	,	,	PUNCT
ftr-315	616	48	state	state	NOUN
ftr-315	616	49	,	,	PUNCT
ftr-315	616	50	and	and	CCONJ
ftr-315	616	51	local	local	ADJ
ftr-315	616	52	estimated	estimate	VERB
ftr-315	616	53	(	(	PUNCT
ftr-315	616	54	or	or	CCONJ
ftr-315	616	55	other	other	ADJ
ftr-315	616	56	)	)	PUNCT
ftr-315	616	57	taxes	taxis	NOUN
ftr-315	616	58	.	.	PUNCT
ftr-315	616	59	.	.	PUNCT
ftr-315	616	60	.	.	PUNCT
ftr-315	617	1	relating	relate	VERB
ftr-315	617	2	to	to	ADP
ftr-315	617	3	the	the	DET
ftr-315	617	4	[	[	X
ftr-315	617	5	gp	gp	NOUN
ftr-315	617	6	’s	’s	X
ftr-315	617	7	]	]	PUNCT
ftr-315	617	8	distributive	distributive	ADJ
ftr-315	617	9	share	share	NOUN
ftr-315	617	10	of	of	ADP
ftr-315	617	11	the	the	DET
ftr-315	617	12	income	income	NOUN
ftr-315	617	13	of	of	ADP
ftr-315	617	14	the	the	PRON
ftr-315	617	15	[	[	X
ftr-315	617	16	fund].”107	fund].”107	ADP
ftr-315	617	17	this	this	DET
ftr-315	617	18	language	language	NOUN
ftr-315	617	19	is	be	AUX
ftr-315	617	20	broad	broad	ADJ
ftr-315	617	21	enough	enough	ADV
ftr-315	617	22	to	to	PART
ftr-315	617	23	allow	allow	VERB
ftr-315	617	24	for	for	SCONJ
ftr-315	617	25	the	the	DET
ftr-315	617	26	tax	tax	NOUN
ftr-315	617	27	distributions	distribution	NOUN
ftr-315	617	28	to	to	PART
ftr-315	617	29	increase	increase	VERB
ftr-315	617	30	if	if	SCONJ
ftr-315	617	31	the	the	DET
ftr-315	617	32	taxes	taxis	NOUN
ftr-315	617	33	on	on	ADP
ftr-315	617	34	the	the	DET
ftr-315	617	35	carried	carry	VERB
ftr-315	617	36	interest	interest	NOUN
ftr-315	617	37	increase	increase	NOUN
ftr-315	617	38	;	;	PUNCT
ftr-315	617	39	this	this	PRON
ftr-315	617	40	can	can	AUX
ftr-315	617	41	occur	occur	VERB
ftr-315	617	42	without	without	ADP
ftr-315	617	43	any	any	DET
ftr-315	617	44	change	change	NOUN
ftr-315	617	45	to	to	ADP
ftr-315	617	46	the	the	DET
ftr-315	617	47	terms	term	NOUN
ftr-315	617	48	of	of	ADP
ftr-315	617	49	the	the	DET
ftr-315	617	50	fund	fund	NOUN
ftr-315	617	51	agreement	agreement	NOUN
ftr-315	617	52	.	.	PUNCT
ftr-315	618	1	for	for	ADP
ftr-315	618	2	funds	fund	NOUN
ftr-315	618	3	that	that	PRON
ftr-315	618	4	provide	provide	VERB
ftr-315	618	5	tax	tax	NOUN
ftr-315	618	6	distributions	distribution	NOUN
ftr-315	618	7	,	,	PUNCT
ftr-315	618	8	but	but	CCONJ
ftr-315	618	9	do	do	VERB
ftr-315	618	10	so	so	ADV
ftr-315	618	11	at	at	ADP
ftr-315	618	12	a	a	DET
ftr-315	618	13	stated	state	VERB
ftr-315	618	14	rate	rate	NOUN
ftr-315	618	15	(	(	PUNCT
ftr-315	618	16	such	such	ADJ
ftr-315	618	17	as	as	ADP
ftr-315	618	18	15	15	NUM
ftr-315	618	19	percent	percent	NOUN
ftr-315	618	20	)	)	PUNCT
ftr-315	618	21	,	,	PUNCT
ftr-315	618	22	gps	gps	PROPN
ftr-315	618	23	would	would	AUX
ftr-315	618	24	likely	likely	ADV
ftr-315	618	25	request	request	VERB
ftr-315	618	26	an	an	DET
ftr-315	618	27	increase	increase	NOUN
ftr-315	618	28	in	in	ADP
ftr-315	618	29	the	the	DET
ftr-315	618	30	amount	amount	NOUN
ftr-315	618	31	of	of	ADP
ftr-315	618	32	the	the	DET
ftr-315	618	33	tax	tax	NOUN
ftr-315	618	34	distribution	distribution	NOUN
ftr-315	618	35	to	to	PART
ftr-315	618	36	help	help	VERB
ftr-315	618	37	cover	cover	VERB
ftr-315	618	38	the	the	DET
ftr-315	618	39	increased	increase	VERB
ftr-315	618	40	tax	tax	NOUN
ftr-315	618	41	cost	cost	NOUN
ftr-315	618	42	that	that	PRON
ftr-315	618	43	the	the	DET
ftr-315	618	44	gp	gp	NOUN
ftr-315	618	45	would	would	AUX
ftr-315	618	46	have	have	VERB
ftr-315	618	47	to	to	PART
ftr-315	618	48	bear.108	bear.108	VERB
ftr-315	618	49	and	and	CCONJ
ftr-315	618	50	,	,	PUNCT
ftr-315	618	51	for	for	ADP
ftr-315	618	52	funds	fund	NOUN
ftr-315	618	53	that	that	PRON
ftr-315	618	54	do	do	AUX
ftr-315	618	55	not	not	PART
ftr-315	618	56	provide	provide	VERB
ftr-315	618	57	tax	tax	NOUN
ftr-315	618	58	distributions	distribution	NOUN
ftr-315	618	59	but	but	CCONJ
ftr-315	618	60	whose	whose	DET
ftr-315	618	61	terms	term	NOUN
ftr-315	618	62	result	result	VERB
ftr-315	618	63	in	in	ADP
ftr-315	618	64	phantom	phantom	ADJ
ftr-315	618	65	income	income	NOUN
ftr-315	618	66	,	,	PUNCT
ftr-315	618	67	an	an	DET
ftr-315	618	68	increase	increase	NOUN
ftr-315	618	69	in	in	ADP
ftr-315	618	70	the	the	DET
ftr-315	618	71	tax	tax	NOUN
ftr-315	618	72	rate	rate	NOUN
ftr-315	618	73	applicable	applicable	ADJ
ftr-315	618	74	to	to	ADP
ftr-315	618	75	the	the	DET
ftr-315	618	76	carry	carry	NOUN
ftr-315	618	77	would	would	AUX
ftr-315	618	78	increase	increase	VERB
ftr-315	618	79	a	a	DET
ftr-315	618	80	gp	gp	NOUN
ftr-315	618	81	’s	’s	PART
ftr-315	618	82	incentive	incentive	NOUN
ftr-315	618	83	to	to	PART
ftr-315	618	84	push	push	VERB
ftr-315	618	85	for	for	ADP
ftr-315	618	86	adding	add	VERB
ftr-315	618	87	tax	tax	NOUN
ftr-315	618	88	distributions	distribution	NOUN
ftr-315	618	89	to	to	ADP
ftr-315	618	90	the	the	DET
ftr-315	618	91	fund	fund	NOUN
ftr-315	618	92	agreement	agreement	NOUN
ftr-315	618	93	.	.	PUNCT
ftr-315	619	1	a	a	DET
ftr-315	619	2	gp	gp	NOUN
ftr-315	619	3	may	may	AUX
ftr-315	619	4	be	be	AUX
ftr-315	619	5	able	able	ADJ
ftr-315	619	6	to	to	PART
ftr-315	619	7	make	make	VERB
ftr-315	619	8	a	a	DET
ftr-315	619	9	relatively	relatively	ADV
ftr-315	619	10	sympathetic	sympathetic	ADJ
ftr-315	619	11	case	case	NOUN
ftr-315	619	12	for	for	ADP
ftr-315	619	13	increasing	increase	VERB
ftr-315	619	14	the	the	DET
ftr-315	619	15	tax	tax	NOUN
ftr-315	619	16	distribution	distribution	NOUN
ftr-315	619	17	to	to	ADP
ftr-315	619	18	the	the	DET
ftr-315	619	19	gp	gp	NOUN
ftr-315	619	20	if	if	SCONJ
ftr-315	619	21	the	the	DET
ftr-315	619	22	tax	tax	NOUN
ftr-315	619	23	on	on	ADP
ftr-315	619	24	carried	carry	VERB
ftr-315	619	25	interests	interest	NOUN
ftr-315	619	26	increases	increase	NOUN
ftr-315	619	27	.	.	PUNCT
ftr-315	620	1	in	in	ADP
ftr-315	620	2	particular	particular	ADJ
ftr-315	620	3	,	,	PUNCT
ftr-315	620	4	the	the	DET
ftr-315	620	5	gp	gp	NOUN
ftr-315	620	6	could	could	AUX
ftr-315	620	7	explain	explain	VERB
ftr-315	620	8	that	that	SCONJ
ftr-315	620	9	tax	tax	NOUN
ftr-315	620	10	distributions	distribution	NOUN
ftr-315	620	11	are	be	AUX
ftr-315	620	12	merely	merely	ADV
ftr-315	620	13	advances	advance	NOUN
ftr-315	620	14	on	on	ADP
ftr-315	620	15	amounts	amount	NOUN
ftr-315	620	16	that	that	PRON
ftr-315	620	17	would	would	AUX
ftr-315	620	18	eventually	eventually	ADV
ftr-315	620	19	be	be	AUX
ftr-315	620	20	distributed	distribute	VERB
ftr-315	620	21	to	to	ADP
ftr-315	620	22	the	the	DET
ftr-315	620	23	gp	gp	NOUN
ftr-315	620	24	,	,	PUNCT
ftr-315	620	25	so	so	ADV
ftr-315	620	26	the	the	DET
ftr-315	620	27	gp	gp	NOUN
ftr-315	620	28	will	will	AUX
ftr-315	620	29	not	not	PART
ftr-315	620	30	end	end	VERB
ftr-315	620	31	up	up	ADP
ftr-315	620	32	with	with	ADP
ftr-315	620	33	any	any	DET
ftr-315	620	34	more	more	ADV
ftr-315	620	35	total	total	ADJ
ftr-315	620	36	money	money	NOUN
ftr-315	620	37	as	as	SCONJ
ftr-315	620	38	compared	compare	VERB
ftr-315	620	39	to	to	ADP
ftr-315	620	40	what	what	PRON
ftr-315	620	41	the	the	DET
ftr-315	620	42	gp	gp	NOUN
ftr-315	620	43	would	would	AUX
ftr-315	620	44	receive	receive	VERB
ftr-315	620	45	if	if	SCONJ
ftr-315	620	46	the	the	DET
ftr-315	620	47	tax	tax	NOUN
ftr-315	620	48	distribution	distribution	NOUN
ftr-315	620	49	is	be	AUX
ftr-315	620	50	not	not	PART
ftr-315	620	51	increased	increase	VERB
ftr-315	620	52	.	.	PUNCT
ftr-315	621	1	and	and	CCONJ
ftr-315	621	2	,	,	PUNCT
ftr-315	621	3	although	although	SCONJ
ftr-315	621	4	an	an	DET
ftr-315	621	5	increase	increase	NOUN
ftr-315	621	6	in	in	ADP
ftr-315	621	7	the	the	DET
ftr-315	621	8	tax	tax	NOUN
ftr-315	621	9	distribution	distribution	NOUN
ftr-315	621	10	results	result	NOUN
ftr-315	621	11	in	in	ADP
ftr-315	621	12	an	an	DET
ftr-315	621	13	earlier	early	ADJ
ftr-315	621	14	distribution	distribution	NOUN
ftr-315	621	15	of	of	ADP
ftr-315	621	16	some	some	DET
ftr-315	621	17	funds	fund	NOUN
ftr-315	621	18	to	to	ADP
ftr-315	621	19	the	the	DET
ftr-315	621	20	gp	gp	NOUN
ftr-315	621	21	,	,	PUNCT
ftr-315	621	22	it	it	PRON
ftr-315	621	23	is	be	AUX
ftr-315	621	24	the	the	DET
ftr-315	621	25	federal	federal	ADJ
ftr-315	621	26	government	government	NOUN
ftr-315	621	27	,	,	PUNCT
ftr-315	621	28	and	and	CCONJ
ftr-315	621	29	not	not	PART
ftr-315	621	30	the	the	DET
ftr-315	621	31	gp	gp	NOUN
ftr-315	621	32	itself	itself	PRON
ftr-315	621	33	,	,	PUNCT
ftr-315	621	34	that	that	SCONJ
ftr-315	621	35	ultimately	ultimately	ADV
ftr-315	621	36	106	106	NUM
ftr-315	621	37	.	.	PUNCT
ftr-315	622	1	recall	recall	VERB
ftr-315	622	2	that	that	SCONJ
ftr-315	622	3	a	a	DET
ftr-315	622	4	similar	similar	ADJ
ftr-315	622	5	approach	approach	NOUN
ftr-315	622	6	is	be	AUX
ftr-315	622	7	often	often	ADV
ftr-315	622	8	used	use	VERB
ftr-315	622	9	for	for	ADP
ftr-315	622	10	purposes	purpose	NOUN
ftr-315	622	11	of	of	ADP
ftr-315	622	12	estimating	estimate	VERB
ftr-315	622	13	a	a	DET
ftr-315	622	14	gp	gp	NOUN
ftr-315	622	15	’s	’s	PART
ftr-315	622	16	“	"	PUNCT
ftr-315	622	17	after	after	ADP
ftr-315	622	18	-	-	PUNCT
ftr-315	622	19	tax	tax	NOUN
ftr-315	622	20	carry	carry	NOUN
ftr-315	622	21	”	"	PUNCT
ftr-315	622	22	that	that	PRON
ftr-315	622	23	may	may	AUX
ftr-315	622	24	be	be	AUX
ftr-315	622	25	subject	subject	ADJ
ftr-315	622	26	to	to	ADP
ftr-315	622	27	a	a	DET
ftr-315	622	28	clawback	clawback	NOUN
ftr-315	622	29	.	.	PUNCT
ftr-315	623	1	see	see	VERB
ftr-315	623	2	supra	supra	PROPN
ftr-315	623	3	part	part	PROPN
ftr-315	623	4	iii.a.3.b	iii.a.3.b	PROPN
ftr-315	623	5	.	.	PROPN
ftr-315	623	6	107	107	NUM
ftr-315	623	7	.	.	PUNCT
ftr-315	624	1	nowak	nowak	PROPN
ftr-315	624	2	,	,	PUNCT
ftr-315	624	3	hedge	hedge	NOUN
ftr-315	624	4	fund	fund	NOUN
ftr-315	624	5	agreement	agreement	NOUN
ftr-315	624	6	,	,	PUNCT
ftr-315	624	7	supra	supra	PROPN
ftr-315	624	8	note	note	PROPN
ftr-315	624	9	18	18	NUM
ftr-315	624	10	,	,	PUNCT
ftr-315	624	11	at	at	ADP
ftr-315	624	12	¶	¶	PROPN
ftr-315	624	13	7.10(a	7.10(a	NUM
ftr-315	624	14	)	)	PUNCT
ftr-315	624	15	;	;	PUNCT
ftr-315	624	16	see	see	VERB
ftr-315	624	17	also	also	ADV
ftr-315	624	18	needham	needham	PROPN
ftr-315	624	19	,	,	PUNCT
ftr-315	624	20	private	private	ADJ
ftr-315	624	21	equity	equity	NOUN
ftr-315	624	22	funds	fund	NOUN
ftr-315	624	23	,	,	PUNCT
ftr-315	624	24	supra	supra	PROPN
ftr-315	624	25	note	note	PROPN
ftr-315	624	26	17	17	NUM
ftr-315	624	27	,	,	PUNCT
ftr-315	624	28	at	at	ADP
ftr-315	624	29	worksheet	worksheet	NOUN
ftr-315	624	30	5	5	NUM
ftr-315	624	31	(	(	PUNCT
ftr-315	624	32	providing	provide	VERB
ftr-315	624	33	sample	sample	NOUN
ftr-315	624	34	tax	tax	NOUN
ftr-315	624	35	distribution	distribution	NOUN
ftr-315	624	36	language	language	NOUN
ftr-315	624	37	that	that	PRON
ftr-315	624	38	is	be	AUX
ftr-315	624	39	similarly	similarly	ADV
ftr-315	624	40	tied	tie	VERB
ftr-315	624	41	to	to	ADP
ftr-315	624	42	the	the	DET
ftr-315	624	43	relevant	relevant	ADJ
ftr-315	624	44	prevailing	prevail	VERB
ftr-315	624	45	tax	tax	NOUN
ftr-315	624	46	rates	rate	NOUN
ftr-315	624	47	,	,	PUNCT
ftr-315	624	48	rather	rather	ADV
ftr-315	624	49	than	than	ADP
ftr-315	624	50	to	to	ADP
ftr-315	624	51	an	an	DET
ftr-315	624	52	explicitly	explicitly	ADV
ftr-315	624	53	stated	state	VERB
ftr-315	624	54	rate	rate	NOUN
ftr-315	624	55	)	)	PUNCT
ftr-315	624	56	.	.	PUNCT
ftr-315	625	1	108	108	NUM
ftr-315	625	2	.	.	PUNCT
ftr-315	626	1	i	i	PRON
ftr-315	626	2	have	have	AUX
ftr-315	626	3	spoken	speak	VERB
ftr-315	626	4	with	with	ADP
ftr-315	626	5	a	a	DET
ftr-315	626	6	handful	handful	NOUN
ftr-315	626	7	of	of	ADP
ftr-315	626	8	fund	fund	NOUN
ftr-315	626	9	managers	manager	NOUN
ftr-315	626	10	who	who	PRON
ftr-315	626	11	indicated	indicate	VERB
ftr-315	626	12	that	that	SCONJ
ftr-315	626	13	this	this	PRON
ftr-315	626	14	is	be	AUX
ftr-315	626	15	how	how	SCONJ
ftr-315	626	16	they	they	PRON
ftr-315	626	17	are	be	AUX
ftr-315	626	18	likely	likely	ADJ
ftr-315	626	19	to	to	PART
ftr-315	626	20	respond	respond	VERB
ftr-315	626	21	if	if	SCONJ
ftr-315	626	22	the	the	DET
ftr-315	626	23	carried	carry	VERB
ftr-315	626	24	interest	interest	NOUN
ftr-315	626	25	tax	tax	NOUN
ftr-315	626	26	legislation	legislation	NOUN
ftr-315	626	27	passes	pass	VERB
ftr-315	626	28	.	.	PUNCT
ftr-315	627	1	of	of	ADP
ftr-315	627	2	course	course	NOUN
ftr-315	627	3	,	,	PUNCT
ftr-315	627	4	this	this	PRON
ftr-315	627	5	is	be	AUX
ftr-315	627	6	anecdotal	anecdotal	ADJ
ftr-315	627	7	,	,	PUNCT
ftr-315	627	8	but	but	CCONJ
ftr-315	627	9	it	it	PRON
ftr-315	627	10	seems	seem	VERB
ftr-315	627	11	like	like	ADP
ftr-315	627	12	the	the	DET
ftr-315	627	13	logical	logical	ADJ
ftr-315	627	14	move	move	NOUN
ftr-315	627	15	.	.	PUNCT
ftr-315	628	1	i	i	PRON
ftr-315	628	2	would	would	AUX
ftr-315	628	3	likely	likely	ADV
ftr-315	628	4	recommend	recommend	VERB
ftr-315	628	5	this	this	DET
ftr-315	628	6	course	course	NOUN
ftr-315	628	7	of	of	ADP
ftr-315	628	8	action	action	NOUN
ftr-315	628	9	if	if	SCONJ
ftr-315	628	10	i	i	PRON
ftr-315	628	11	represented	represent	VERB
ftr-315	628	12	a	a	DET
ftr-315	628	13	gp	gp	NOUN
ftr-315	628	14	.	.	PUNCT
ftr-315	628	15	2012	2012	NUM
ftr-315	628	16	]	]	PUNCT
ftr-315	628	17	“	"	PUNCT
ftr-315	628	18	carried	carry	VERB
ftr-315	628	19	interest	interest	NOUN
ftr-315	628	20	”	"	PUNCT
ftr-315	628	21	tax	tax	NOUN
ftr-315	628	22	proposals	proposal	NOUN
ftr-315	628	23	35	35	NUM
ftr-315	628	24	has	have	VERB
ftr-315	628	25	use	use	NOUN
ftr-315	628	26	of	of	ADP
ftr-315	628	27	the	the	DET
ftr-315	628	28	increased	increase	VERB
ftr-315	628	29	amounts	amount	NOUN
ftr-315	628	30	.	.	PUNCT
ftr-315	629	1	that	that	PRON
ftr-315	629	2	is	is	ADV
ftr-315	629	3	,	,	PUNCT
ftr-315	629	4	a	a	DET
ftr-315	629	5	gp	gp	NOUN
ftr-315	629	6	would	would	AUX
ftr-315	629	7	argue	argue	VERB
ftr-315	629	8	that	that	SCONJ
ftr-315	629	9	the	the	DET
ftr-315	629	10	increased	increase	VERB
ftr-315	629	11	tax	tax	NOUN
ftr-315	629	12	distribution	distribution	NOUN
ftr-315	629	13	does	do	AUX
ftr-315	629	14	not	not	PART
ftr-315	629	15	really	really	ADV
ftr-315	629	16	help	help	VERB
ftr-315	629	17	the	the	DET
ftr-315	629	18	gp	gp	NOUN
ftr-315	629	19	(	(	PUNCT
ftr-315	629	20	other	other	ADJ
ftr-315	629	21	than	than	SCONJ
ftr-315	629	22	to	to	PART
ftr-315	629	23	alleviate	alleviate	VERB
ftr-315	629	24	cash	cash	NOUN
ftr-315	629	25	flow	flow	NOUN
ftr-315	629	26	problems	problem	NOUN
ftr-315	629	27	associated	associate	VERB
ftr-315	629	28	with	with	ADP
ftr-315	629	29	the	the	DET
ftr-315	629	30	gp	gp	NOUN
ftr-315	629	31	’s	’s	PART
ftr-315	629	32	increased	increase	VERB
ftr-315	629	33	tax	tax	NOUN
ftr-315	629	34	bill	bill	NOUN
ftr-315	629	35	)	)	PUNCT
ftr-315	629	36	because	because	SCONJ
ftr-315	629	37	the	the	DET
ftr-315	629	38	gp	gp	NOUN
ftr-315	629	39	can	can	AUX
ftr-315	629	40	not	not	PART
ftr-315	629	41	use	use	VERB
ftr-315	629	42	that	that	DET
ftr-315	629	43	money	money	NOUN
ftr-315	629	44	in	in	ADP
ftr-315	629	45	order	order	NOUN
ftr-315	629	46	to	to	PART
ftr-315	629	47	make	make	VERB
ftr-315	629	48	other	other	ADJ
ftr-315	629	49	investments	investment	NOUN
ftr-315	629	50	.	.	PUNCT
ftr-315	630	1	on	on	ADP
ftr-315	630	2	its	its	PRON
ftr-315	630	3	face	face	NOUN
ftr-315	630	4	,	,	PUNCT
ftr-315	630	5	this	this	PRON
ftr-315	630	6	might	might	AUX
ftr-315	630	7	seem	seem	VERB
ftr-315	630	8	like	like	ADP
ftr-315	630	9	a	a	DET
ftr-315	630	10	reasonably	reasonably	ADV
ftr-315	630	11	compelling	compelling	ADJ
ftr-315	630	12	argument	argument	NOUN
ftr-315	630	13	for	for	ADP
ftr-315	630	14	increasing	increase	VERB
ftr-315	630	15	the	the	DET
ftr-315	630	16	gp	gp	NOUN
ftr-315	630	17	’s	’s	PART
ftr-315	630	18	tax	tax	NOUN
ftr-315	630	19	distribution	distribution	NOUN
ftr-315	630	20	,	,	PUNCT
ftr-315	630	21	but	but	CCONJ
ftr-315	630	22	the	the	DET
ftr-315	630	23	lps	lps	PROPN
ftr-315	630	24	should	should	AUX
ftr-315	630	25	be	be	AUX
ftr-315	630	26	careful	careful	ADJ
ftr-315	630	27	.	.	PUNCT
ftr-315	631	1	3	3	X
ftr-315	631	2	.	.	X
ftr-315	631	3	sensitizing	sensitize	VERB
ftr-315	631	4	lps	lps	PROPN
ftr-315	631	5	to	to	ADP
ftr-315	631	6	the	the	DET
ftr-315	631	7	secondary	secondary	ADJ
ftr-315	631	8	effects	effect	NOUN
ftr-315	631	9	of	of	ADP
ftr-315	631	10	increasing	increase	VERB
ftr-315	631	11	the	the	DET
ftr-315	631	12	gp	gp	NOUN
ftr-315	631	13	’s	’s	PART
ftr-315	631	14	tax	tax	NOUN
ftr-315	631	15	distribution	distribution	NOUN
ftr-315	631	16	lps	lps	PROPN
ftr-315	631	17	should	should	AUX
ftr-315	631	18	appreciate	appreciate	VERB
ftr-315	631	19	the	the	DET
ftr-315	631	20	subtle	subtle	ADJ
ftr-315	631	21	ways	way	NOUN
ftr-315	631	22	in	in	ADP
ftr-315	631	23	which	which	PRON
ftr-315	631	24	an	an	DET
ftr-315	631	25	increase	increase	NOUN
ftr-315	631	26	to	to	ADP
ftr-315	631	27	the	the	DET
ftr-315	631	28	tax	tax	NOUN
ftr-315	631	29	distribution	distribution	NOUN
ftr-315	631	30	to	to	ADP
ftr-315	631	31	the	the	DET
ftr-315	631	32	gp	gp	NOUN
ftr-315	631	33	could	could	AUX
ftr-315	631	34	affect	affect	VERB
ftr-315	631	35	the	the	DET
ftr-315	631	36	remainder	remainder	NOUN
ftr-315	631	37	of	of	ADP
ftr-315	631	38	the	the	DET
ftr-315	631	39	economic	economic	ADJ
ftr-315	631	40	relationship	relationship	NOUN
ftr-315	631	41	between	between	ADP
ftr-315	631	42	the	the	DET
ftr-315	631	43	gp	gp	NOUN
ftr-315	631	44	and	and	CCONJ
ftr-315	631	45	the	the	DET
ftr-315	631	46	lps	lps	PROPN
ftr-315	631	47	,	,	PUNCT
ftr-315	631	48	including	include	VERB
ftr-315	631	49	the	the	DET
ftr-315	631	50	extent	extent	NOUN
ftr-315	631	51	to	to	PART
ftr-315	631	52	which	which	PRON
ftr-315	631	53	the	the	DET
ftr-315	631	54	alignment	alignment	NOUN
ftr-315	631	55	of	of	ADP
ftr-315	631	56	the	the	DET
ftr-315	631	57	gp	gp	NOUN
ftr-315	631	58	’s	’s	PART
ftr-315	631	59	and	and	CCONJ
ftr-315	631	60	lps	lps	PROPN
ftr-315	631	61	’	'	PUNCT
ftr-315	631	62	incentives	incentive	NOUN
ftr-315	631	63	is	be	AUX
ftr-315	631	64	altered	alter	VERB
ftr-315	631	65	.	.	PUNCT
ftr-315	632	1	(	(	PUNCT
ftr-315	632	2	a	a	X
ftr-315	632	3	)	)	PUNCT
ftr-315	632	4	eroding	erode	VERB
ftr-315	632	5	the	the	DET
ftr-315	632	6	alignment	alignment	NOUN
ftr-315	632	7	of	of	ADP
ftr-315	632	8	incentives	incentive	NOUN
ftr-315	632	9	carried	carry	VERB
ftr-315	632	10	interests	interest	NOUN
ftr-315	632	11	,	,	PUNCT
ftr-315	632	12	as	as	SCONJ
ftr-315	632	13	currently	currently	ADV
ftr-315	632	14	designed	design	VERB
ftr-315	632	15	,	,	PUNCT
ftr-315	632	16	generally	generally	ADV
ftr-315	632	17	are	be	AUX
ftr-315	632	18	regarded	regard	VERB
ftr-315	632	19	as	as	ADP
ftr-315	632	20	quite	quite	ADV
ftr-315	632	21	effective	effective	ADJ
ftr-315	632	22	at	at	ADP
ftr-315	632	23	aligning	align	VERB
ftr-315	632	24	the	the	DET
ftr-315	632	25	incentives	incentive	NOUN
ftr-315	632	26	of	of	ADP
ftr-315	632	27	the	the	DET
ftr-315	632	28	gp	gp	NOUN
ftr-315	632	29	with	with	ADP
ftr-315	632	30	the	the	DET
ftr-315	632	31	incentives	incentive	NOUN
ftr-315	632	32	of	of	ADP
ftr-315	632	33	the	the	DET
ftr-315	632	34	lps.109	lps.109	NOUN
ftr-315	632	35	this	this	PRON
ftr-315	632	36	is	be	AUX
ftr-315	632	37	because	because	SCONJ
ftr-315	632	38	the	the	DET
ftr-315	632	39	gp	gp	NOUN
ftr-315	632	40	’s	’s	PART
ftr-315	632	41	return	return	NOUN
ftr-315	632	42	is	be	AUX
ftr-315	632	43	directly	directly	ADV
ftr-315	632	44	proportional	proportional	ADJ
ftr-315	632	45	to	to	ADP
ftr-315	632	46	the	the	DET
ftr-315	632	47	return	return	NOUN
ftr-315	632	48	that	that	SCONJ
ftr-315	632	49	the	the	DET
ftr-315	632	50	fund	fund	NOUN
ftr-315	632	51	assets	asset	NOUN
ftr-315	632	52	produce	produce	VERB
ftr-315	632	53	for	for	ADP
ftr-315	632	54	the	the	DET
ftr-315	632	55	lps	lps	PROPN
ftr-315	632	56	.	.	PUNCT
ftr-315	633	1	the	the	DET
ftr-315	633	2	alignment	alignment	NOUN
ftr-315	633	3	of	of	ADP
ftr-315	633	4	incentives	incentive	NOUN
ftr-315	633	5	largely	largely	ADV
ftr-315	633	6	avoids	avoid	VERB
ftr-315	633	7	the	the	DET
ftr-315	633	8	potential	potential	ADJ
ftr-315	633	9	agency	agency	NOUN
ftr-315	633	10	costs	cost	NOUN
ftr-315	633	11	that	that	PRON
ftr-315	633	12	could	could	AUX
ftr-315	633	13	be	be	AUX
ftr-315	633	14	created	create	VERB
ftr-315	633	15	when	when	SCONJ
ftr-315	633	16	the	the	DET
ftr-315	633	17	fund	fund	NOUN
ftr-315	633	18	investors	investor	NOUN
ftr-315	633	19	allocate	allocate	VERB
ftr-315	633	20	managerial	managerial	ADJ
ftr-315	633	21	authority	authority	NOUN
ftr-315	633	22	over	over	ADP
ftr-315	633	23	the	the	DET
ftr-315	633	24	fund	fund	NOUN
ftr-315	633	25	assets	asset	NOUN
ftr-315	633	26	to	to	ADP
ftr-315	633	27	the	the	DET
ftr-315	633	28	gp	gp	NOUN
ftr-315	633	29	.	.	PUNCT
ftr-315	634	1	the	the	DET
ftr-315	634	2	alignment	alignment	NOUN
ftr-315	634	3	of	of	ADP
ftr-315	634	4	interests	interest	NOUN
ftr-315	634	5	is	be	AUX
ftr-315	634	6	not	not	PART
ftr-315	634	7	perfect	perfect	ADJ
ftr-315	634	8	,	,	PUNCT
ftr-315	634	9	and	and	CCONJ
ftr-315	634	10	there	there	PRON
ftr-315	634	11	are	be	VERB
ftr-315	634	12	some	some	DET
ftr-315	634	13	minor	minor	ADJ
ftr-315	634	14	agency	agency	NOUN
ftr-315	634	15	problems,110	problems,110	NOUN
ftr-315	634	16	though	though	SCONJ
ftr-315	634	17	other	other	ADJ
ftr-315	634	18	features	feature	NOUN
ftr-315	634	19	of	of	ADP
ftr-315	634	20	the	the	DET
ftr-315	634	21	carry	carry	NOUN
ftr-315	634	22	and	and	CCONJ
ftr-315	634	23	the	the	DET
ftr-315	634	24	fund	fund	NOUN
ftr-315	634	25	help	help	VERB
ftr-315	634	26	to	to	PART
ftr-315	634	27	mitigate	mitigate	VERB
ftr-315	634	28	those	those	DET
ftr-315	634	29	costs	cost	NOUN
ftr-315	634	30	,	,	PUNCT
ftr-315	634	31	leaving	leave	VERB
ftr-315	634	32	the	the	DET
ftr-315	634	33	interests	interest	NOUN
ftr-315	634	34	of	of	ADP
ftr-315	634	35	the	the	DET
ftr-315	634	36	gp	gp	NOUN
ftr-315	634	37	and	and	CCONJ
ftr-315	634	38	the	the	DET
ftr-315	634	39	lps	lps	PROPN
ftr-315	634	40	largely	largely	ADV
ftr-315	634	41	aligned.111	aligned.111	ADJ
ftr-315	634	42	as	as	SCONJ
ftr-315	634	43	discussed	discuss	VERB
ftr-315	634	44	in	in	ADP
ftr-315	634	45	part	part	NOUN
ftr-315	634	46	iii.a	iii.a	PROPN
ftr-315	634	47	.	.	PROPN
ftr-315	634	48	,	,	PUNCT
ftr-315	634	49	one	one	NUM
ftr-315	634	50	of	of	ADP
ftr-315	634	51	the	the	DET
ftr-315	634	52	problems	problem	NOUN
ftr-315	634	53	created	create	VERB
ftr-315	634	54	pursuant	pursuant	ADV
ftr-315	634	55	to	to	ADP
ftr-315	634	56	the	the	DET
ftr-315	634	57	clawback	clawback	NOUN
ftr-315	634	58	provision	provision	NOUN
ftr-315	634	59	is	be	AUX
ftr-315	634	60	the	the	DET
ftr-315	634	61	erosion	erosion	NOUN
ftr-315	634	62	of	of	ADP
ftr-315	634	63	the	the	DET
ftr-315	634	64	alignment	alignment	NOUN
ftr-315	634	65	of	of	ADP
ftr-315	634	66	incentives	incentive	NOUN
ftr-315	634	67	,	,	PUNCT
ftr-315	634	68	particularly	particularly	ADV
ftr-315	634	69	with	with	ADP
ftr-315	634	70	respect	respect	NOUN
ftr-315	634	71	to	to	ADP
ftr-315	634	72	the	the	DET
ftr-315	634	73	incentive	incentive	NOUN
ftr-315	634	74	for	for	ADP
ftr-315	634	75	risk	risk	NOUN
ftr-315	634	76	-	-	PUNCT
ftr-315	634	77	taking	taking	NOUN
ftr-315	634	78	.	.	PUNCT
ftr-315	635	1	tax	tax	NOUN
ftr-315	635	2	distribution	distribution	NOUN
ftr-315	635	3	provisions	provision	NOUN
ftr-315	635	4	can	can	AUX
ftr-315	635	5	also	also	ADV
ftr-315	635	6	erode	erode	VERB
ftr-315	635	7	the	the	DET
ftr-315	635	8	alignment	alignment	NOUN
ftr-315	635	9	of	of	ADP
ftr-315	635	10	incentives	incentive	NOUN
ftr-315	635	11	,	,	PUNCT
ftr-315	635	12	though	though	SCONJ
ftr-315	635	13	in	in	ADP
ftr-315	635	14	different	different	ADJ
ftr-315	635	15	respects	respect	NOUN
ftr-315	635	16	.	.	PUNCT
ftr-315	636	1	specifically	specifically	ADV
ftr-315	636	2	,	,	PUNCT
ftr-315	636	3	funds	fund	NOUN
ftr-315	636	4	that	that	PRON
ftr-315	636	5	generally	generally	ADV
ftr-315	636	6	limit	limit	VERB
ftr-315	636	7	yearly	yearly	ADJ
ftr-315	636	8	distributions	distribution	NOUN
ftr-315	636	9	to	to	ADP
ftr-315	636	10	tax	tax	NOUN
ftr-315	636	11	distributions	distribution	NOUN
ftr-315	636	12	will	will	AUX
ftr-315	636	13	have	have	AUX
ftr-315	636	14	increased	increase	VERB
ftr-315	636	15	liquidity	liquidity	NOUN
ftr-315	636	16	needs	need	NOUN
ftr-315	636	17	if	if	SCONJ
ftr-315	636	18	the	the	DET
ftr-315	636	19	size	size	NOUN
ftr-315	636	20	of	of	ADP
ftr-315	636	21	tax	tax	NOUN
ftr-315	636	22	distributions	distribution	NOUN
ftr-315	636	23	to	to	ADP
ftr-315	636	24	the	the	DET
ftr-315	636	25	gp	gp	NOUN
ftr-315	636	26	is	be	AUX
ftr-315	636	27	increased	increase	VERB
ftr-315	636	28	.	.	PUNCT
ftr-315	637	1	these	these	DET
ftr-315	637	2	increased	increase	VERB
ftr-315	637	3	liquidity	liquidity	NOUN
ftr-315	637	4	needs	need	NOUN
ftr-315	637	5	can	can	AUX
ftr-315	637	6	cause	cause	VERB
ftr-315	637	7	the	the	DET
ftr-315	637	8	gp	gp	NOUN
ftr-315	637	9	’s	’s	PART
ftr-315	637	10	interests	interest	NOUN
ftr-315	637	11	in	in	ADP
ftr-315	637	12	deal	deal	NOUN
ftr-315	637	13	harvesting	harvesting	NOUN
ftr-315	637	14	to	to	PART
ftr-315	637	15	diverge	diverge	VERB
ftr-315	637	16	109	109	NUM
ftr-315	637	17	.	.	PUNCT
ftr-315	638	1	gilson	gilson	PROPN
ftr-315	638	2	,	,	PUNCT
ftr-315	638	3	venture	venture	NOUN
ftr-315	638	4	capital	capital	NOUN
ftr-315	638	5	market	market	NOUN
ftr-315	638	6	,	,	PUNCT
ftr-315	638	7	supra	supra	PROPN
ftr-315	638	8	note	note	PROPN
ftr-315	638	9	17	17	NUM
ftr-315	638	10	;	;	PUNCT
ftr-315	638	11	fleischer	fleischer	NOUN
ftr-315	638	12	,	,	PUNCT
ftr-315	638	13	preferred	preferred	ADJ
ftr-315	638	14	return	return	NOUN
ftr-315	638	15	,	,	PUNCT
ftr-315	638	16	supra	supra	PROPN
ftr-315	638	17	note	note	NOUN
ftr-315	638	18	51	51	NUM
ftr-315	638	19	;	;	PUNCT
ftr-315	638	20	robert	robert	PROPN
ftr-315	638	21	c.	c.	PROPN
ftr-315	638	22	illig	illig	PROPN
ftr-315	638	23	,	,	PUNCT
ftr-315	638	24	the	the	DET
ftr-315	638	25	promise	promise	NOUN
ftr-315	638	26	of	of	ADP
ftr-315	638	27	hedge	hedge	NOUN
ftr-315	638	28	fund	fund	NOUN
ftr-315	638	29	governance	governance	NOUN
ftr-315	638	30	:	:	PUNCT
ftr-315	638	31	how	how	SCONJ
ftr-315	638	32	incentive	incentive	ADJ
ftr-315	638	33	compensation	compensation	NOUN
ftr-315	638	34	can	can	AUX
ftr-315	638	35	enhance	enhance	VERB
ftr-315	638	36	institutional	institutional	ADJ
ftr-315	638	37	investor	investor	NOUN
ftr-315	638	38	monitoring	monitoring	NOUN
ftr-315	638	39	,	,	PUNCT
ftr-315	638	40	60	60	NUM
ftr-315	638	41	ala	ala	NOUN
ftr-315	638	42	.	.	PUNCT
ftr-315	639	1	l.	l.	PROPN
ftr-315	639	2	rev	rev	PROPN
ftr-315	639	3	.	.	PROPN
ftr-315	639	4	41	41	NUM
ftr-315	639	5	(	(	PUNCT
ftr-315	639	6	2008	2008	NUM
ftr-315	639	7	)	)	PUNCT
ftr-315	639	8	,	,	PUNCT
ftr-315	640	1	[	[	X
ftr-315	640	2	hereinafter	hereinafter	NOUN
ftr-315	640	3	illig	illig	NOUN
ftr-315	640	4	,	,	PUNCT
ftr-315	640	5	hedge	hedge	NOUN
ftr-315	640	6	fund	fund	NOUN
ftr-315	640	7	governance	governance	NOUN
ftr-315	640	8	]	]	PUNCT
ftr-315	640	9	;	;	PUNCT
ftr-315	640	10	matthew	matthew	PROPN
ftr-315	640	11	a.	a.	PROPN
ftr-315	640	12	melone	melone	PROPN
ftr-315	640	13	,	,	PUNCT
ftr-315	640	14	success	success	NOUN
ftr-315	640	15	breeds	breed	NOUN
ftr-315	640	16	discontent	discontent	NOUN
ftr-315	640	17	reforming	reform	VERB
ftr-315	640	18	the	the	DET
ftr-315	640	19	taxation	taxation	NOUN
ftr-315	640	20	of	of	ADP
ftr-315	640	21	carried	carry	VERB
ftr-315	640	22	interests	interest	NOUN
ftr-315	640	23	—	—	PUNCT
ftr-315	640	24	forcing	force	VERB
ftr-315	640	25	a	a	DET
ftr-315	640	26	square	square	ADJ
ftr-315	640	27	peg	peg	NOUN
ftr-315	640	28	into	into	ADP
ftr-315	640	29	a	a	DET
ftr-315	640	30	round	round	ADJ
ftr-315	640	31	hole	hole	NOUN
ftr-315	640	32	,	,	PUNCT
ftr-315	640	33	46	46	NUM
ftr-315	640	34	duq	duq	ADJ
ftr-315	640	35	.	.	PUNCT
ftr-315	641	1	l.	l.	PROPN
ftr-315	641	2	rev	rev	PROPN
ftr-315	641	3	.	.	PROPN
ftr-315	642	1	421	421	NUM
ftr-315	642	2	(	(	PUNCT
ftr-315	642	3	2008	2008	NUM
ftr-315	642	4	)	)	PUNCT
ftr-315	642	5	.	.	PUNCT
ftr-315	643	1	110	110	NUM
ftr-315	643	2	.	.	PUNCT
ftr-315	643	3	see	see	VERB
ftr-315	643	4	supra	supra	PROPN
ftr-315	643	5	note	note	PROPN
ftr-315	643	6	60	60	NUM
ftr-315	643	7	.	.	SYM
ftr-315	643	8	111	111	NUM
ftr-315	643	9	.	.	PUNCT
ftr-315	644	1	gilson	gilson	PROPN
ftr-315	644	2	,	,	PUNCT
ftr-315	644	3	venture	venture	NOUN
ftr-315	644	4	capital	capital	NOUN
ftr-315	644	5	market	market	NOUN
ftr-315	644	6	,	,	PUNCT
ftr-315	644	7	supra	supra	PROPN
ftr-315	644	8	note	note	PROPN
ftr-315	644	9	17	17	NUM
ftr-315	644	10	;	;	PUNCT
ftr-315	644	11	illig	illig	PROPN
ftr-315	644	12	,	,	PUNCT
ftr-315	644	13	hedge	hedge	NOUN
ftr-315	644	14	fund	fund	NOUN
ftr-315	644	15	governance	governance	NOUN
ftr-315	644	16	,	,	PUNCT
ftr-315	644	17	supra	supra	PROPN
ftr-315	644	18	note	note	NOUN
ftr-315	644	19	109	109	NUM
ftr-315	644	20	.	.	NUM
ftr-315	644	21	36	36	NUM
ftr-315	644	22	florida	florida	PROPN
ftr-315	644	23	tax	tax	NOUN
ftr-315	644	24	review	review	NOUN
ftr-315	645	1	[	[	X
ftr-315	645	2	vol.13:1	vol.13:1	NOUN
ftr-315	645	3	from	from	ADP
ftr-315	645	4	the	the	DET
ftr-315	645	5	lps	lps	PROPN
ftr-315	645	6	’	'	PUNCT
ftr-315	645	7	interests	interest	NOUN
ftr-315	645	8	.	.	PUNCT
ftr-315	646	1	this	this	PRON
ftr-315	646	2	is	be	AUX
ftr-315	646	3	because	because	SCONJ
ftr-315	646	4	,	,	PUNCT
ftr-315	646	5	under	under	ADP
ftr-315	646	6	current	current	ADJ
ftr-315	646	7	law	law	NOUN
ftr-315	646	8	,	,	PUNCT
ftr-315	646	9	both	both	CCONJ
ftr-315	646	10	the	the	DET
ftr-315	646	11	gp	gp	NOUN
ftr-315	646	12	and	and	CCONJ
ftr-315	646	13	the	the	DET
ftr-315	646	14	lps	lps	PROPN
ftr-315	646	15	are	be	AUX
ftr-315	646	16	subject	subject	ADJ
ftr-315	646	17	to	to	ADP
ftr-315	646	18	tax	tax	NOUN
ftr-315	646	19	on	on	ADP
ftr-315	646	20	their	their	PRON
ftr-315	646	21	fund	fund	NOUN
ftr-315	646	22	income	income	NOUN
ftr-315	646	23	at	at	ADP
ftr-315	646	24	the	the	DET
ftr-315	646	25	same	same	ADJ
ftr-315	646	26	rates	rate	NOUN
ftr-315	646	27	(	(	PUNCT
ftr-315	646	28	ltcg	ltcg	NOUN
ftr-315	646	29	)	)	PUNCT
ftr-315	646	30	,	,	PUNCT
ftr-315	646	31	assuming	assume	VERB
ftr-315	646	32	that	that	SCONJ
ftr-315	646	33	the	the	DET
ftr-315	646	34	lps	lps	PROPN
ftr-315	646	35	are	be	AUX
ftr-315	646	36	also	also	ADV
ftr-315	646	37	taxable	taxable	ADJ
ftr-315	646	38	u.s	u.s	PROPN
ftr-315	646	39	.	.	PROPN
ftr-315	646	40	persons.112	persons.112	PROPN
ftr-315	646	41	a	a	DET
ftr-315	646	42	large	large	ADJ
ftr-315	646	43	portion	portion	NOUN
ftr-315	646	44	of	of	ADP
ftr-315	646	45	lps	lps	PROPN
ftr-315	646	46	are	be	AUX
ftr-315	646	47	tax	tax	NOUN
ftr-315	646	48	-	-	PUNCT
ftr-315	646	49	indifferent,113	indifferent,113	NOUN
ftr-315	646	50	but	but	CCONJ
ftr-315	646	51	when	when	SCONJ
ftr-315	646	52	gps	gps	PROPN
ftr-315	646	53	and	and	CCONJ
ftr-315	646	54	lps	lps	PROPN
ftr-315	646	55	are	be	AUX
ftr-315	646	56	subject	subject	ADJ
ftr-315	646	57	to	to	ADP
ftr-315	646	58	tax	tax	NOUN
ftr-315	646	59	at	at	ADP
ftr-315	646	60	the	the	DET
ftr-315	646	61	same	same	ADJ
ftr-315	646	62	rate	rate	NOUN
ftr-315	646	63	,	,	PUNCT
ftr-315	646	64	the	the	DET
ftr-315	646	65	gp	gp	NOUN
ftr-315	646	66	and	and	CCONJ
ftr-315	646	67	the	the	DET
ftr-315	646	68	lps	lps	PROPN
ftr-315	646	69	are	be	AUX
ftr-315	646	70	likely	likely	ADJ
ftr-315	646	71	to	to	PART
ftr-315	646	72	have	have	VERB
ftr-315	646	73	similar	similar	ADJ
ftr-315	646	74	interests	interest	NOUN
ftr-315	646	75	in	in	ADP
ftr-315	646	76	receiving	receive	VERB
ftr-315	646	77	tax	tax	NOUN
ftr-315	646	78	distributions	distribution	NOUN
ftr-315	646	79	(	(	PUNCT
ftr-315	646	80	i.e.	i.e.	X
ftr-315	646	81	,	,	PUNCT
ftr-315	646	82	both	both	PRON
ftr-315	646	83	would	would	AUX
ftr-315	646	84	likely	likely	ADV
ftr-315	646	85	want	want	VERB
ftr-315	646	86	tax	tax	NOUN
ftr-315	646	87	distributions	distribution	NOUN
ftr-315	646	88	of	of	ADP
ftr-315	646	89	15	15	NUM
ftr-315	646	90	percent	percent	NOUN
ftr-315	646	91	of	of	ADP
ftr-315	646	92	the	the	DET
ftr-315	646	93	allocated	allocate	VERB
ftr-315	646	94	income	income	NOUN
ftr-315	646	95	)	)	PUNCT
ftr-315	646	96	.	.	PUNCT
ftr-315	647	1	in	in	ADP
ftr-315	647	2	contrast	contrast	NOUN
ftr-315	647	3	,	,	PUNCT
ftr-315	647	4	under	under	ADP
ftr-315	647	5	the	the	DET
ftr-315	647	6	carried	carry	VERB
ftr-315	647	7	interest	interest	NOUN
ftr-315	647	8	legislation	legislation	NOUN
ftr-315	647	9	,	,	PUNCT
ftr-315	647	10	the	the	DET
ftr-315	647	11	gp	gp	NOUN
ftr-315	647	12	’s	’s	PART
ftr-315	647	13	income	income	NOUN
ftr-315	647	14	from	from	ADP
ftr-315	647	15	the	the	DET
ftr-315	647	16	fund	fund	NOUN
ftr-315	647	17	is	be	AUX
ftr-315	647	18	recharacterized	recharacterize	VERB
ftr-315	647	19	as	as	ADP
ftr-315	647	20	ordinary	ordinary	ADJ
ftr-315	647	21	income	income	NOUN
ftr-315	647	22	,	,	PUNCT
ftr-315	647	23	increasing	increase	VERB
ftr-315	647	24	the	the	DET
ftr-315	647	25	gp	gp	NOUN
ftr-315	647	26	’s	’s	PART
ftr-315	647	27	tax	tax	NOUN
ftr-315	647	28	liability	liability	NOUN
ftr-315	647	29	,	,	PUNCT
ftr-315	647	30	but	but	CCONJ
ftr-315	647	31	the	the	DET
ftr-315	647	32	tax	tax	NOUN
ftr-315	647	33	rate	rate	NOUN
ftr-315	647	34	on	on	ADP
ftr-315	647	35	the	the	DET
ftr-315	647	36	lps	lps	PROPN
ftr-315	647	37	’	'	PUNCT
ftr-315	647	38	income	income	NOUN
ftr-315	647	39	from	from	ADP
ftr-315	647	40	the	the	DET
ftr-315	647	41	fund	fund	NOUN
ftr-315	647	42	remains	remain	VERB
ftr-315	647	43	unaffected	unaffected	ADJ
ftr-315	647	44	.	.	PUNCT
ftr-315	648	1	thus	thus	ADV
ftr-315	648	2	,	,	PUNCT
ftr-315	648	3	if	if	SCONJ
ftr-315	648	4	taxes	taxis	NOUN
ftr-315	648	5	are	be	AUX
ftr-315	648	6	increased	increase	VERB
ftr-315	648	7	on	on	ADP
ftr-315	648	8	carried	carry	VERB
ftr-315	648	9	interests	interest	NOUN
ftr-315	648	10	,	,	PUNCT
ftr-315	648	11	a	a	DET
ftr-315	648	12	gp	gp	NOUN
ftr-315	648	13	’s	’s	PART
ftr-315	648	14	interest	interest	NOUN
ftr-315	648	15	in	in	ADP
ftr-315	648	16	increasing	increase	VERB
ftr-315	648	17	the	the	DET
ftr-315	648	18	tax	tax	NOUN
ftr-315	648	19	distribution	distribution	NOUN
ftr-315	648	20	would	would	AUX
ftr-315	648	21	be	be	AUX
ftr-315	648	22	much	much	ADV
ftr-315	648	23	stronger	strong	ADJ
ftr-315	648	24	than	than	ADP
ftr-315	648	25	the	the	DET
ftr-315	648	26	lps	lps	PROPN
ftr-315	648	27	’	'	PUNCT
ftr-315	648	28	interests	interest	NOUN
ftr-315	648	29	in	in	ADP
ftr-315	648	30	doing	do	VERB
ftr-315	648	31	so	so	ADV
ftr-315	648	32	.	.	PUNCT
ftr-315	649	1	as	as	ADP
ftr-315	649	2	a	a	DET
ftr-315	649	3	result	result	NOUN
ftr-315	649	4	,	,	PUNCT
ftr-315	649	5	it	it	PRON
ftr-315	649	6	is	be	AUX
ftr-315	649	7	likely	likely	ADJ
ftr-315	649	8	that	that	SCONJ
ftr-315	649	9	it	it	PRON
ftr-315	649	10	would	would	AUX
ftr-315	649	11	be	be	AUX
ftr-315	649	12	primarily	primarily	ADV
ftr-315	649	13	the	the	DET
ftr-315	649	14	gp	gp	NOUN
ftr-315	649	15	,	,	PUNCT
ftr-315	649	16	and	and	CCONJ
ftr-315	649	17	not	not	PART
ftr-315	649	18	the	the	DET
ftr-315	649	19	lps	lps	PROPN
ftr-315	649	20	,	,	PUNCT
ftr-315	649	21	that	that	PRON
ftr-315	649	22	has	have	VERB
ftr-315	649	23	an	an	DET
ftr-315	649	24	interest	interest	NOUN
ftr-315	649	25	in	in	ADP
ftr-315	649	26	ensuring	ensure	VERB
ftr-315	649	27	that	that	SCONJ
ftr-315	649	28	the	the	DET
ftr-315	649	29	fund	fund	NOUN
ftr-315	649	30	has	have	VERB
ftr-315	649	31	additional	additional	ADJ
ftr-315	649	32	cash	cash	NOUN
ftr-315	649	33	flow.114	flow.114	NOUN
ftr-315	649	34	where	where	SCONJ
ftr-315	649	35	the	the	DET
ftr-315	649	36	gp	gp	NOUN
ftr-315	649	37	’s	’s	PART
ftr-315	649	38	desire	desire	NOUN
ftr-315	649	39	for	for	ADP
ftr-315	649	40	liquidity	liquidity	NOUN
ftr-315	649	41	exceeds	exceed	VERB
ftr-315	649	42	the	the	DET
ftr-315	649	43	lps	lps	PROPN
ftr-315	649	44	’	'	PUNCT
ftr-315	649	45	desire	desire	NOUN
ftr-315	649	46	for	for	ADP
ftr-315	649	47	liquidity	liquidity	NOUN
ftr-315	649	48	,	,	PUNCT
ftr-315	649	49	the	the	DET
ftr-315	649	50	gp	gp	NOUN
ftr-315	649	51	has	have	VERB
ftr-315	649	52	an	an	DET
ftr-315	649	53	incentive	incentive	NOUN
ftr-315	649	54	to	to	PART
ftr-315	649	55	manage	manage	VERB
ftr-315	649	56	the	the	DET
ftr-315	649	57	fund	fund	NOUN
ftr-315	649	58	’s	’s	PART
ftr-315	649	59	assets	asset	NOUN
ftr-315	649	60	in	in	ADP
ftr-315	649	61	a	a	DET
ftr-315	649	62	way	way	NOUN
ftr-315	649	63	that	that	PRON
ftr-315	649	64	will	will	AUX
ftr-315	649	65	ensure	ensure	VERB
ftr-315	649	66	cash	cash	NOUN
ftr-315	649	67	flow	flow	NOUN
ftr-315	649	68	that	that	PRON
ftr-315	649	69	is	be	AUX
ftr-315	649	70	sufficient	sufficient	ADJ
ftr-315	649	71	to	to	PART
ftr-315	649	72	cover	cover	VERB
ftr-315	649	73	the	the	DET
ftr-315	649	74	gp	gp	NOUN
ftr-315	649	75	’s	’s	PART
ftr-315	649	76	larger	large	ADJ
ftr-315	649	77	tax	tax	NOUN
ftr-315	649	78	bill	bill	NOUN
ftr-315	649	79	,	,	PUNCT
ftr-315	649	80	even	even	ADV
ftr-315	649	81	if	if	SCONJ
ftr-315	649	82	such	such	ADJ
ftr-315	649	83	management	management	NOUN
ftr-315	649	84	is	be	AUX
ftr-315	649	85	not	not	PART
ftr-315	649	86	in	in	ADP
ftr-315	649	87	the	the	DET
ftr-315	649	88	best	good	ADJ
ftr-315	649	89	interests	interest	NOUN
ftr-315	649	90	of	of	ADP
ftr-315	649	91	the	the	DET
ftr-315	649	92	lps	lps	PROPN
ftr-315	649	93	.	.	PUNCT
ftr-315	650	1	this	this	DET
ftr-315	650	2	pressure	pressure	NOUN
ftr-315	650	3	may	may	AUX
ftr-315	650	4	have	have	VERB
ftr-315	650	5	little	little	ADJ
ftr-315	650	6	,	,	PUNCT
ftr-315	650	7	if	if	SCONJ
ftr-315	650	8	any	any	PRON
ftr-315	650	9	,	,	PUNCT
ftr-315	650	10	effect	effect	NOUN
ftr-315	650	11	in	in	ADP
ftr-315	650	12	situations	situation	NOUN
ftr-315	650	13	where	where	SCONJ
ftr-315	650	14	a	a	DET
ftr-315	650	15	fund	fund	NOUN
ftr-315	650	16	exits	exit	VERB
ftr-315	650	17	a	a	DET
ftr-315	650	18	particular	particular	ADJ
ftr-315	650	19	investment	investment	NOUN
ftr-315	650	20	in	in	ADP
ftr-315	650	21	exchange	exchange	NOUN
ftr-315	650	22	for	for	ADP
ftr-315	650	23	cash	cash	NOUN
ftr-315	650	24	,	,	PUNCT
ftr-315	650	25	and	and	CCONJ
ftr-315	650	26	all	all	PRON
ftr-315	650	27	of	of	ADP
ftr-315	650	28	that	that	DET
ftr-315	650	29	cash	cash	NOUN
ftr-315	650	30	is	be	AUX
ftr-315	650	31	made	make	VERB
ftr-315	650	32	available	available	ADJ
ftr-315	650	33	for	for	ADP
ftr-315	650	34	distribution	distribution	NOUN
ftr-315	650	35	.	.	PUNCT
ftr-315	651	1	however	however	ADV
ftr-315	651	2	,	,	PUNCT
ftr-315	651	3	consider	consider	VERB
ftr-315	651	4	the	the	DET
ftr-315	651	5	situation	situation	NOUN
ftr-315	651	6	where	where	SCONJ
ftr-315	651	7	the	the	DET
ftr-315	651	8	fund	fund	NOUN
ftr-315	651	9	has	have	VERB
ftr-315	651	10	a	a	DET
ftr-315	651	11	limited	limited	ADJ
ftr-315	651	12	amount	amount	NOUN
ftr-315	651	13	of	of	ADP
ftr-315	651	14	cash	cash	NOUN
ftr-315	651	15	available	available	ADJ
ftr-315	651	16	for	for	ADP
ftr-315	651	17	distribution	distribution	NOUN
ftr-315	651	18	,	,	PUNCT
ftr-315	651	19	for	for	ADP
ftr-315	651	20	example	example	NOUN
ftr-315	651	21	,	,	PUNCT
ftr-315	651	22	because	because	SCONJ
ftr-315	651	23	a	a	DET
ftr-315	651	24	taxable	taxable	ADJ
ftr-315	651	25	transaction	transaction	NOUN
ftr-315	651	26	yielded	yield	VERB
ftr-315	651	27	non	non	ADJ
ftr-315	651	28	-	-	ADJ
ftr-315	651	29	cash	cash	ADJ
ftr-315	651	30	proceeds115	proceeds115	PROPN
ftr-315	651	31	or	or	CCONJ
ftr-315	651	32	because	because	SCONJ
ftr-315	651	33	cash	cash	NOUN
ftr-315	651	34	proceeds	proceed	NOUN
ftr-315	651	35	from	from	ADP
ftr-315	651	36	a	a	DET
ftr-315	651	37	transaction	transaction	NOUN
ftr-315	651	38	are	be	AUX
ftr-315	651	39	needed	need	VERB
ftr-315	651	40	to	to	PART
ftr-315	651	41	pay	pay	VERB
ftr-315	651	42	fund	fund	NOUN
ftr-315	651	43	expenses	expense	NOUN
ftr-315	651	44	.	.	PUNCT
ftr-315	652	1	in	in	ADP
ftr-315	652	2	these	these	DET
ftr-315	652	3	types	type	NOUN
ftr-315	652	4	of	of	ADP
ftr-315	652	5	situations	situation	NOUN
ftr-315	652	6	,	,	PUNCT
ftr-315	652	7	as	as	ADP
ftr-315	652	8	the	the	DET
ftr-315	652	9	size	size	NOUN
ftr-315	652	10	of	of	ADP
ftr-315	652	11	the	the	DET
ftr-315	652	12	gp	gp	NOUN
ftr-315	652	13	’s	’s	PART
ftr-315	652	14	needed	need	VERB
ftr-315	652	15	tax	tax	NOUN
ftr-315	652	16	distribution	distribution	NOUN
ftr-315	652	17	increases	increase	NOUN
ftr-315	652	18	,	,	PUNCT
ftr-315	652	19	the	the	DET
ftr-315	652	20	gp	gp	NOUN
ftr-315	652	21	may	may	AUX
ftr-315	652	22	become	become	VERB
ftr-315	652	23	increasingly	increasingly	ADV
ftr-315	652	24	inclined	inclined	ADJ
ftr-315	652	25	to	to	PART
ftr-315	652	26	cause	cause	VERB
ftr-315	652	27	the	the	DET
ftr-315	652	28	fund	fund	NOUN
ftr-315	652	29	to	to	PART
ftr-315	652	30	exit	exit	VERB
ftr-315	652	31	another	another	DET
ftr-315	652	32	investment	investment	NOUN
ftr-315	652	33	prematurely	prematurely	ADV
ftr-315	652	34	in	in	ADP
ftr-315	652	35	order	order	NOUN
ftr-315	652	36	to	to	PART
ftr-315	652	37	ensure	ensure	VERB
ftr-315	652	38	that	that	SCONJ
ftr-315	652	39	the	the	DET
ftr-315	652	40	fund	fund	NOUN
ftr-315	652	41	has	have	VERB
ftr-315	652	42	sufficient	sufficient	ADJ
ftr-315	652	43	cash	cash	NOUN
ftr-315	652	44	to	to	PART
ftr-315	652	45	cover	cover	VERB
ftr-315	652	46	the	the	DET
ftr-315	652	47	112	112	NUM
ftr-315	652	48	.	.	PUNCT
ftr-315	653	1	this	this	PRON
ftr-315	653	2	assumes	assume	VERB
ftr-315	653	3	that	that	SCONJ
ftr-315	653	4	the	the	DET
ftr-315	653	5	lps	lps	PROPN
ftr-315	653	6	are	be	AUX
ftr-315	653	7	also	also	ADV
ftr-315	653	8	taxable	taxable	ADJ
ftr-315	653	9	u.s	u.s	PROPN
ftr-315	653	10	.	.	PROPN
ftr-315	653	11	persons	person	NOUN
ftr-315	653	12	.	.	PUNCT
ftr-315	654	1	this	this	DET
ftr-315	654	2	may	may	AUX
ftr-315	654	3	or	or	CCONJ
ftr-315	654	4	may	may	AUX
ftr-315	654	5	not	not	PART
ftr-315	654	6	be	be	AUX
ftr-315	654	7	the	the	DET
ftr-315	654	8	case	case	NOUN
ftr-315	654	9	.	.	PUNCT
ftr-315	655	1	to	to	ADP
ftr-315	655	2	the	the	DET
ftr-315	655	3	extent	extent	NOUN
ftr-315	655	4	that	that	SCONJ
ftr-315	655	5	the	the	DET
ftr-315	655	6	lps	lps	PROPN
ftr-315	655	7	are	be	AUX
ftr-315	655	8	subject	subject	ADJ
ftr-315	655	9	to	to	ADP
ftr-315	655	10	lower	low	ADJ
ftr-315	655	11	tax	tax	NOUN
ftr-315	655	12	rates	rate	NOUN
ftr-315	655	13	,	,	PUNCT
ftr-315	655	14	the	the	DET
ftr-315	655	15	gp	gp	NOUN
ftr-315	655	16	’s	’s	PART
ftr-315	655	17	and	and	CCONJ
ftr-315	655	18	lps	lps	PROPN
ftr-315	655	19	’	'	PUNCT
ftr-315	655	20	preferences	preference	NOUN
ftr-315	655	21	regarding	regard	VERB
ftr-315	655	22	tax	tax	NOUN
ftr-315	655	23	distributions	distribution	NOUN
ftr-315	655	24	are	be	AUX
ftr-315	655	25	already	already	ADV
ftr-315	655	26	misaligned	misalign	VERB
ftr-315	655	27	.	.	PUNCT
ftr-315	656	1	thus	thus	ADV
ftr-315	656	2	,	,	PUNCT
ftr-315	656	3	if	if	SCONJ
ftr-315	656	4	the	the	DET
ftr-315	656	5	tax	tax	NOUN
ftr-315	656	6	on	on	ADP
ftr-315	656	7	the	the	DET
ftr-315	656	8	gp	gp	NOUN
ftr-315	656	9	’s	’s	PART
ftr-315	656	10	carry	carry	NOUN
ftr-315	656	11	is	be	AUX
ftr-315	656	12	increased	increase	VERB
ftr-315	656	13	,	,	PUNCT
ftr-315	656	14	and	and	CCONJ
ftr-315	656	15	the	the	DET
ftr-315	656	16	size	size	NOUN
ftr-315	656	17	of	of	ADP
ftr-315	656	18	the	the	DET
ftr-315	656	19	tax	tax	NOUN
ftr-315	656	20	distribution	distribution	NOUN
ftr-315	656	21	to	to	ADP
ftr-315	656	22	the	the	DET
ftr-315	656	23	gp	gp	NOUN
ftr-315	656	24	is	be	AUX
ftr-315	656	25	correspondingly	correspondingly	ADV
ftr-315	656	26	increased	increase	VERB
ftr-315	656	27	,	,	PUNCT
ftr-315	656	28	then	then	ADV
ftr-315	656	29	the	the	DET
ftr-315	656	30	alignment	alignment	NOUN
ftr-315	656	31	between	between	ADP
ftr-315	656	32	the	the	DET
ftr-315	656	33	gp	gp	NOUN
ftr-315	656	34	’s	’s	NOUN
ftr-315	656	35	and	and	CCONJ
ftr-315	656	36	lps	lps	PROPN
ftr-315	656	37	’	'	PUNCT
ftr-315	656	38	preferences	preference	NOUN
ftr-315	656	39	is	be	AUX
ftr-315	656	40	made	make	VERB
ftr-315	656	41	even	even	ADV
ftr-315	656	42	worse	bad	ADJ
ftr-315	656	43	.	.	PUNCT
ftr-315	657	1	that	that	PRON
ftr-315	657	2	is	is	ADV
ftr-315	657	3	,	,	PUNCT
ftr-315	657	4	the	the	DET
ftr-315	657	5	gp	gp	NOUN
ftr-315	657	6	’s	’s	PART
ftr-315	657	7	interest	interest	NOUN
ftr-315	657	8	and	and	CCONJ
ftr-315	657	9	the	the	DET
ftr-315	657	10	lps	lps	PROPN
ftr-315	657	11	’	'	PUNCT
ftr-315	657	12	interests	interest	NOUN
ftr-315	657	13	are	be	AUX
ftr-315	657	14	misaligned	misalign	VERB
ftr-315	657	15	when	when	SCONJ
ftr-315	657	16	the	the	DET
ftr-315	657	17	gp	gp	NOUN
ftr-315	657	18	is	be	AUX
ftr-315	657	19	subject	subject	ADJ
ftr-315	657	20	to	to	ADP
ftr-315	657	21	tax	tax	NOUN
ftr-315	657	22	at	at	ADP
ftr-315	657	23	15	15	NUM
ftr-315	657	24	percent	percent	NOUN
ftr-315	657	25	and	and	CCONJ
ftr-315	657	26	the	the	DET
ftr-315	657	27	lps	lps	PROPN
ftr-315	657	28	are	be	AUX
ftr-315	657	29	subject	subject	ADJ
ftr-315	657	30	to	to	ADP
ftr-315	657	31	tax	tax	NOUN
ftr-315	657	32	at	at	ADP
ftr-315	657	33	0	0	NUM
ftr-315	657	34	percent	percent	NOUN
ftr-315	657	35	.	.	PUNCT
ftr-315	658	1	but	but	CCONJ
ftr-315	658	2	,	,	PUNCT
ftr-315	658	3	the	the	DET
ftr-315	658	4	misalignment	misalignment	NOUN
ftr-315	658	5	of	of	ADP
ftr-315	658	6	interests	interest	NOUN
ftr-315	658	7	is	be	AUX
ftr-315	658	8	even	even	ADV
ftr-315	658	9	worse	bad	ADJ
ftr-315	658	10	when	when	SCONJ
ftr-315	658	11	the	the	DET
ftr-315	658	12	gp	gp	NOUN
ftr-315	658	13	is	be	AUX
ftr-315	658	14	subject	subject	ADJ
ftr-315	658	15	to	to	ADP
ftr-315	658	16	tax	tax	NOUN
ftr-315	658	17	at	at	ADP
ftr-315	658	18	40	40	NUM
ftr-315	658	19	percent	percent	NOUN
ftr-315	658	20	and	and	CCONJ
ftr-315	658	21	the	the	DET
ftr-315	658	22	lps	lps	PROPN
ftr-315	658	23	are	be	AUX
ftr-315	658	24	subject	subject	ADJ
ftr-315	658	25	to	to	ADP
ftr-315	658	26	tax	tax	NOUN
ftr-315	658	27	at	at	ADP
ftr-315	658	28	0	0	NUM
ftr-315	658	29	percent	percent	NOUN
ftr-315	658	30	.	.	PUNCT
ftr-315	659	1	113	113	NUM
ftr-315	659	2	.	.	PUNCT
ftr-315	660	1	see	see	VERB
ftr-315	660	2	supra	supra	PROPN
ftr-315	660	3	note	note	PROPN
ftr-315	660	4	7	7	NUM
ftr-315	660	5	.	.	SYM
ftr-315	660	6	114	114	NUM
ftr-315	660	7	.	.	PUNCT
ftr-315	661	1	it	it	PRON
ftr-315	661	2	is	be	AUX
ftr-315	661	3	possible	possible	ADJ
ftr-315	661	4	that	that	SCONJ
ftr-315	661	5	,	,	PUNCT
ftr-315	661	6	when	when	SCONJ
ftr-315	661	7	the	the	DET
ftr-315	661	8	gp	gp	NOUN
ftr-315	661	9	’s	’s	PART
ftr-315	661	10	tax	tax	NOUN
ftr-315	661	11	distribution	distribution	NOUN
ftr-315	661	12	is	be	AUX
ftr-315	661	13	increased	increase	VERB
ftr-315	661	14	,	,	PUNCT
ftr-315	661	15	the	the	DET
ftr-315	661	16	lps	lps	PROPN
ftr-315	661	17	’	'	PUNCT
ftr-315	661	18	tax	tax	NOUN
ftr-315	661	19	distributions	distribution	NOUN
ftr-315	661	20	are	be	AUX
ftr-315	661	21	also	also	ADV
ftr-315	661	22	increased	increase	VERB
ftr-315	661	23	proportionately	proportionately	ADV
ftr-315	661	24	.	.	PUNCT
ftr-315	662	1	then	then	ADV
ftr-315	662	2	,	,	PUNCT
ftr-315	662	3	the	the	DET
ftr-315	662	4	lps	lps	PROPN
ftr-315	662	5	would	would	AUX
ftr-315	662	6	have	have	VERB
ftr-315	662	7	some	some	DET
ftr-315	662	8	increased	increase	VERB
ftr-315	662	9	interest	interest	NOUN
ftr-315	662	10	in	in	ADP
ftr-315	662	11	increased	increase	VERB
ftr-315	662	12	liquidity	liquidity	NOUN
ftr-315	662	13	.	.	PUNCT
ftr-315	663	1	but	but	CCONJ
ftr-315	663	2	,	,	PUNCT
ftr-315	663	3	even	even	ADV
ftr-315	663	4	then	then	ADV
ftr-315	663	5	,	,	PUNCT
ftr-315	663	6	the	the	DET
ftr-315	663	7	lps	lps	PROPN
ftr-315	663	8	’	'	PUNCT
ftr-315	663	9	desire	desire	NOUN
ftr-315	663	10	for	for	ADP
ftr-315	663	11	fund	fund	NOUN
ftr-315	663	12	liquidity	liquidity	NOUN
ftr-315	663	13	would	would	AUX
ftr-315	663	14	be	be	AUX
ftr-315	663	15	less	less	ADJ
ftr-315	663	16	than	than	ADP
ftr-315	663	17	the	the	DET
ftr-315	663	18	gp	gp	NOUN
ftr-315	663	19	’s	’s	PART
ftr-315	663	20	interest	interest	NOUN
ftr-315	663	21	because	because	SCONJ
ftr-315	663	22	the	the	DET
ftr-315	663	23	gp	gp	NOUN
ftr-315	663	24	actually	actually	ADV
ftr-315	663	25	needs	need	VERB
ftr-315	663	26	the	the	DET
ftr-315	663	27	money	money	NOUN
ftr-315	663	28	to	to	PART
ftr-315	663	29	satisfy	satisfy	VERB
ftr-315	663	30	a	a	DET
ftr-315	663	31	current	current	ADJ
ftr-315	663	32	liability	liability	NOUN
ftr-315	663	33	to	to	ADP
ftr-315	663	34	the	the	DET
ftr-315	663	35	government	government	NOUN
ftr-315	663	36	,	,	PUNCT
ftr-315	663	37	whereas	whereas	SCONJ
ftr-315	663	38	the	the	DET
ftr-315	663	39	lps	lps	PROPN
ftr-315	663	40	do	do	VERB
ftr-315	663	41	not	not	PART
ftr-315	663	42	.	.	PUNCT
ftr-315	664	1	115	115	X
ftr-315	664	2	.	.	PUNCT
ftr-315	665	1	see	see	VERB
ftr-315	665	2	generally	generally	ADV
ftr-315	665	3	needham	needham	PROPN
ftr-315	665	4	,	,	PUNCT
ftr-315	665	5	private	private	ADJ
ftr-315	665	6	equity	equity	NOUN
ftr-315	665	7	funds	fund	NOUN
ftr-315	665	8	,	,	PUNCT
ftr-315	665	9	supra	supra	PROPN
ftr-315	665	10	note	note	PROPN
ftr-315	665	11	17	17	NUM
ftr-315	665	12	,	,	PUNCT
ftr-315	665	13	at	at	ADP
ftr-315	665	14	iii.c	iii.c	PROPN
ftr-315	665	15	.	.	PUNCT
ftr-315	666	1	(	(	PUNCT
ftr-315	666	2	raising	raise	VERB
ftr-315	666	3	this	this	DET
ftr-315	666	4	possibility	possibility	NOUN
ftr-315	666	5	)	)	PUNCT
ftr-315	666	6	.	.	PUNCT
ftr-315	667	1	2012	2012	NUM
ftr-315	667	2	]	]	PUNCT
ftr-315	667	3	“	"	PUNCT
ftr-315	667	4	carried	carry	VERB
ftr-315	667	5	interest	interest	NOUN
ftr-315	667	6	”	"	PUNCT
ftr-315	667	7	tax	tax	NOUN
ftr-315	667	8	proposals	proposal	NOUN
ftr-315	667	9	37	37	NUM
ftr-315	667	10	gp	gp	NOUN
ftr-315	667	11	’s	’s	PART
ftr-315	667	12	tax	tax	NOUN
ftr-315	667	13	needs	need	NOUN
ftr-315	667	14	.	.	PUNCT
ftr-315	668	1	further	far	ADV
ftr-315	668	2	,	,	PUNCT
ftr-315	668	3	where	where	SCONJ
ftr-315	668	4	the	the	DET
ftr-315	668	5	fund	fund	NOUN
ftr-315	668	6	has	have	AUX
ftr-315	668	7	limited	limit	VERB
ftr-315	668	8	cash	cash	NOUN
ftr-315	668	9	flow	flow	NOUN
ftr-315	668	10	,	,	PUNCT
ftr-315	668	11	the	the	DET
ftr-315	668	12	gp	gp	NOUN
ftr-315	668	13	,	,	PUNCT
ftr-315	668	14	as	as	SCONJ
ftr-315	668	15	its	its	PRON
ftr-315	668	16	tax	tax	NOUN
ftr-315	668	17	bill	bill	NOUN
ftr-315	668	18	increases	increase	NOUN
ftr-315	668	19	,	,	PUNCT
ftr-315	668	20	may	may	AUX
ftr-315	668	21	be	be	AUX
ftr-315	668	22	increasingly	increasingly	ADV
ftr-315	668	23	disinclined	disinclined	ADJ
ftr-315	668	24	to	to	PART
ftr-315	668	25	cause	cause	VERB
ftr-315	668	26	the	the	DET
ftr-315	668	27	fund	fund	NOUN
ftr-315	668	28	to	to	PART
ftr-315	668	29	undertake	undertake	VERB
ftr-315	668	30	efficient	efficient	ADJ
ftr-315	668	31	taxable	taxable	ADJ
ftr-315	668	32	transactions	transaction	NOUN
ftr-315	668	33	just	just	ADV
ftr-315	668	34	because	because	SCONJ
ftr-315	668	35	they	they	PRON
ftr-315	668	36	yield	yield	VERB
ftr-315	668	37	non	non	ADJ
ftr-315	668	38	-	-	ADJ
ftr-315	668	39	cash	cash	ADJ
ftr-315	668	40	proceeds.116	proceeds.116	NOUN
ftr-315	668	41	(	(	PUNCT
ftr-315	668	42	b	b	NOUN
ftr-315	668	43	)	)	PUNCT
ftr-315	668	44	altering	alter	VERB
ftr-315	668	45	additional	additional	ADJ
ftr-315	668	46	aspects	aspect	NOUN
ftr-315	668	47	of	of	ADP
ftr-315	668	48	the	the	DET
ftr-315	668	49	gp’s	gp’s	PROPN
ftr-315	668	50	/	/	SYM
ftr-315	668	51	lps	lps	PROPN
ftr-315	668	52	’	'	PUNCT
ftr-315	668	53	economic	economic	ADJ
ftr-315	668	54	relationship	relationship	NOUN
ftr-315	668	55	an	an	DET
ftr-315	668	56	increase	increase	NOUN
ftr-315	668	57	in	in	ADP
ftr-315	668	58	the	the	DET
ftr-315	668	59	size	size	NOUN
ftr-315	668	60	of	of	ADP
ftr-315	668	61	the	the	DET
ftr-315	668	62	tax	tax	NOUN
ftr-315	668	63	distribution	distribution	NOUN
ftr-315	668	64	to	to	ADP
ftr-315	668	65	the	the	DET
ftr-315	668	66	gp	gp	NOUN
ftr-315	668	67	can	can	AUX
ftr-315	668	68	cause	cause	VERB
ftr-315	668	69	other	other	ADJ
ftr-315	668	70	changes	change	NOUN
ftr-315	668	71	to	to	ADP
ftr-315	668	72	the	the	DET
ftr-315	668	73	economic	economic	ADJ
ftr-315	668	74	relationship	relationship	NOUN
ftr-315	668	75	between	between	ADP
ftr-315	668	76	the	the	DET
ftr-315	668	77	gp	gp	NOUN
ftr-315	668	78	and	and	CCONJ
ftr-315	668	79	the	the	DET
ftr-315	668	80	lps	lps	PROPN
ftr-315	668	81	.	.	PUNCT
ftr-315	669	1	these	these	DET
ftr-315	669	2	changes	change	NOUN
ftr-315	669	3	may	may	AUX
ftr-315	669	4	be	be	AUX
ftr-315	669	5	slight	slight	ADJ
ftr-315	669	6	,	,	PUNCT
ftr-315	669	7	but	but	CCONJ
ftr-315	669	8	they	they	PRON
ftr-315	669	9	remain	remain	VERB
ftr-315	669	10	worthy	worthy	ADJ
ftr-315	669	11	of	of	ADP
ftr-315	669	12	mention	mention	NOUN
ftr-315	669	13	because	because	SCONJ
ftr-315	669	14	of	of	ADP
ftr-315	669	15	how	how	SCONJ
ftr-315	669	16	carefully	carefully	ADV
ftr-315	669	17	the	the	DET
ftr-315	669	18	partners	partner	NOUN
ftr-315	669	19	typically	typically	ADV
ftr-315	669	20	negotiate	negotiate	VERB
ftr-315	669	21	the	the	DET
ftr-315	669	22	economic	economic	ADJ
ftr-315	669	23	relationship	relationship	NOUN
ftr-315	669	24	between	between	ADP
ftr-315	669	25	the	the	DET
ftr-315	669	26	gp	gp	NOUN
ftr-315	669	27	and	and	CCONJ
ftr-315	669	28	the	the	DET
ftr-315	669	29	lps	lps	PROPN
ftr-315	669	30	.	.	PUNCT
ftr-315	670	1	the	the	DET
ftr-315	670	2	specific	specific	ADJ
ftr-315	670	3	manner	manner	NOUN
ftr-315	670	4	of	of	ADP
ftr-315	670	5	change	change	NOUN
ftr-315	670	6	depends	depend	VERB
ftr-315	670	7	,	,	PUNCT
ftr-315	670	8	in	in	ADP
ftr-315	670	9	part	part	NOUN
ftr-315	670	10	,	,	PUNCT
ftr-315	670	11	on	on	ADP
ftr-315	670	12	the	the	DET
ftr-315	670	13	remainder	remainder	NOUN
ftr-315	670	14	of	of	ADP
ftr-315	670	15	the	the	DET
ftr-315	670	16	fund	fund	NOUN
ftr-315	670	17	’s	’s	PART
ftr-315	670	18	scheme	scheme	NOUN
ftr-315	670	19	for	for	ADP
ftr-315	670	20	operating	operate	VERB
ftr-315	670	21	distributions.117	distributions.117	NUM
ftr-315	670	22	(	(	PUNCT
ftr-315	670	23	1	1	X
ftr-315	670	24	)	)	PUNCT
ftr-315	670	25	delaying	delay	VERB
ftr-315	670	26	the	the	DET
ftr-315	670	27	return	return	NOUN
ftr-315	670	28	of	of	ADP
ftr-315	670	29	capital	capital	NOUN
ftr-315	670	30	to	to	ADP
ftr-315	670	31	the	the	DET
ftr-315	670	32	lps	lps	PROPN
ftr-315	670	33	consider	consider	VERB
ftr-315	670	34	a	a	DET
ftr-315	670	35	fund	fund	NOUN
ftr-315	670	36	agreement	agreement	NOUN
ftr-315	670	37	that	that	PRON
ftr-315	670	38	provides	provide	VERB
ftr-315	670	39	for	for	ADP
ftr-315	670	40	tax	tax	NOUN
ftr-315	670	41	distributions	distribution	NOUN
ftr-315	670	42	to	to	ADP
ftr-315	670	43	the	the	DET
ftr-315	670	44	gp	gp	NOUN
ftr-315	670	45	,	,	PUNCT
ftr-315	670	46	followed	follow	VERB
ftr-315	670	47	by	by	ADP
ftr-315	670	48	a	a	DET
ftr-315	670	49	distribution	distribution	NOUN
ftr-315	670	50	of	of	ADP
ftr-315	670	51	remaining	remain	VERB
ftr-315	670	52	available	available	ADJ
ftr-315	670	53	cash	cash	NOUN
ftr-315	670	54	to	to	ADP
ftr-315	670	55	the	the	DET
ftr-315	670	56	lps	lps	PROPN
ftr-315	670	57	as	as	ADP
ftr-315	670	58	a	a	DET
ftr-315	670	59	return	return	NOUN
ftr-315	670	60	of	of	ADP
ftr-315	670	61	the	the	DET
ftr-315	670	62	lps	lps	PROPN
ftr-315	670	63	’	'	PUNCT
ftr-315	670	64	capital	capital	NOUN
ftr-315	670	65	contributions.118	contributions.118	NOUN
ftr-315	670	66	under	under	ADP
ftr-315	670	67	this	this	DET
ftr-315	670	68	distribution	distribution	NOUN
ftr-315	670	69	scheme	scheme	NOUN
ftr-315	670	70	,	,	PUNCT
ftr-315	670	71	an	an	DET
ftr-315	670	72	increase	increase	NOUN
ftr-315	670	73	in	in	ADP
ftr-315	670	74	the	the	DET
ftr-315	670	75	size	size	NOUN
ftr-315	670	76	of	of	ADP
ftr-315	670	77	the	the	DET
ftr-315	670	78	tax	tax	NOUN
ftr-315	670	79	distribution	distribution	NOUN
ftr-315	670	80	to	to	ADP
ftr-315	670	81	the	the	DET
ftr-315	670	82	gp	gp	NOUN
ftr-315	670	83	will	will	AUX
ftr-315	670	84	reduce	reduce	VERB
ftr-315	670	85	the	the	DET
ftr-315	670	86	amount	amount	NOUN
ftr-315	670	87	of	of	ADP
ftr-315	670	88	the	the	DET
ftr-315	670	89	current	current	ADJ
ftr-315	670	90	distribution	distribution	NOUN
ftr-315	670	91	to	to	ADP
ftr-315	670	92	the	the	DET
ftr-315	670	93	lps	lps	PROPN
ftr-315	670	94	,	,	PUNCT
ftr-315	670	95	thereby	thereby	ADV
ftr-315	670	96	delaying	delay	VERB
ftr-315	670	97	the	the	DET
ftr-315	670	98	time	time	NOUN
ftr-315	670	99	at	at	ADP
ftr-315	670	100	which	which	PRON
ftr-315	670	101	the	the	DET
ftr-315	670	102	lps	lps	PROPN
ftr-315	670	103	receive	receive	VERB
ftr-315	670	104	a	a	DET
ftr-315	670	105	return	return	NOUN
ftr-315	670	106	of	of	ADP
ftr-315	670	107	their	their	PRON
ftr-315	670	108	capital	capital	NOUN
ftr-315	670	109	contributions	contribution	NOUN
ftr-315	670	110	.	.	PUNCT
ftr-315	671	1	this	this	DET
ftr-315	671	2	time	time	NOUN
ftr-315	671	3	value	value	NOUN
ftr-315	671	4	of	of	ADP
ftr-315	671	5	money	money	NOUN
ftr-315	671	6	issue	issue	NOUN
ftr-315	671	7	may	may	AUX
ftr-315	671	8	or	or	CCONJ
ftr-315	671	9	may	may	AUX
ftr-315	671	10	not	not	PART
ftr-315	671	11	be	be	AUX
ftr-315	671	12	problematic	problematic	ADJ
ftr-315	671	13	for	for	ADP
ftr-315	671	14	the	the	DET
ftr-315	671	15	lps	lps	PROPN
ftr-315	671	16	,	,	PUNCT
ftr-315	671	17	depending	depend	VERB
ftr-315	671	18	on	on	ADP
ftr-315	671	19	the	the	DET
ftr-315	671	20	lps	lp	NOUN
ftr-315	671	21	’	'	PUNCT
ftr-315	671	22	expectations	expectation	NOUN
ftr-315	671	23	and	and	CCONJ
ftr-315	671	24	needs	need	NOUN
ftr-315	671	25	regarding	regard	VERB
ftr-315	671	26	the	the	DET
ftr-315	671	27	rate	rate	NOUN
ftr-315	671	28	at	at	ADP
ftr-315	671	29	which	which	PRON
ftr-315	671	30	their	their	PRON
ftr-315	671	31	capital	capital	NOUN
ftr-315	671	32	contributions	contribution	NOUN
ftr-315	671	33	are	be	AUX
ftr-315	671	34	returned	return	VERB
ftr-315	671	35	to	to	ADP
ftr-315	671	36	them	they	PRON
ftr-315	671	37	and	and	CCONJ
ftr-315	671	38	depending	depend	VERB
ftr-315	671	39	on	on	ADP
ftr-315	671	40	the	the	DET
ftr-315	671	41	magnitude	magnitude	NOUN
ftr-315	671	42	of	of	ADP
ftr-315	671	43	the	the	DET
ftr-315	671	44	increase	increase	NOUN
ftr-315	671	45	in	in	ADP
ftr-315	671	46	the	the	DET
ftr-315	671	47	amount	amount	NOUN
ftr-315	671	48	of	of	ADP
ftr-315	671	49	tax	tax	NOUN
ftr-315	671	50	distributions	distribution	NOUN
ftr-315	671	51	.	.	PUNCT
ftr-315	672	1	(	(	PUNCT
ftr-315	672	2	2	2	X
ftr-315	672	3	)	)	PUNCT
ftr-315	672	4	foregoing	forego	VERB
ftr-315	672	5	the	the	DET
ftr-315	672	6	opportunity	opportunity	NOUN
ftr-315	672	7	for	for	SCONJ
ftr-315	672	8	the	the	DET
ftr-315	672	9	fund	fund	NOUN
ftr-315	672	10	to	to	PART
ftr-315	672	11	reinvest	reinvest	VERB
ftr-315	672	12	the	the	DET
ftr-315	672	13	increased	increase	VERB
ftr-315	672	14	amounts	amount	NOUN
ftr-315	672	15	distributed	distribute	VERB
ftr-315	672	16	as	as	SCONJ
ftr-315	672	17	tax	tax	NOUN
ftr-315	672	18	distributions	distribution	NOUN
ftr-315	672	19	consider	consider	VERB
ftr-315	672	20	a	a	DET
ftr-315	672	21	different	different	ADJ
ftr-315	672	22	fund	fund	NOUN
ftr-315	672	23	agreement	agreement	NOUN
ftr-315	672	24	that	that	PRON
ftr-315	672	25	provides	provide	VERB
ftr-315	672	26	for	for	ADP
ftr-315	672	27	tax	tax	NOUN
ftr-315	672	28	distributions	distribution	NOUN
ftr-315	672	29	to	to	ADP
ftr-315	672	30	the	the	DET
ftr-315	672	31	gp	gp	NOUN
ftr-315	672	32	and	and	CCONJ
ftr-315	672	33	the	the	DET
ftr-315	672	34	lps	lps	PROPN
ftr-315	672	35	,	,	PUNCT
ftr-315	672	36	with	with	ADP
ftr-315	672	37	remaining	remain	VERB
ftr-315	672	38	cash	cash	NOUN
ftr-315	672	39	available	available	ADJ
ftr-315	672	40	retained	retain	VERB
ftr-315	672	41	by	by	ADP
ftr-315	672	42	the	the	DET
ftr-315	672	43	fund	fund	NOUN
ftr-315	672	44	.	.	PUNCT
ftr-315	673	1	an	an	DET
ftr-315	673	2	increase	increase	NOUN
ftr-315	673	3	in	in	ADP
ftr-315	673	4	the	the	DET
ftr-315	673	5	tax	tax	NOUN
ftr-315	673	6	distributions	distribution	NOUN
ftr-315	673	7	to	to	ADP
ftr-315	673	8	the	the	DET
ftr-315	673	9	gp	gp	NOUN
ftr-315	673	10	(	(	PUNCT
ftr-315	673	11	whether	whether	SCONJ
ftr-315	673	12	or	or	CCONJ
ftr-315	673	13	not	not	PART
ftr-315	673	14	accompanied	accompany	VERB
ftr-315	673	15	by	by	ADP
ftr-315	673	16	a	a	DET
ftr-315	673	17	proportionate	proportionate	ADJ
ftr-315	673	18	increase	increase	NOUN
ftr-315	673	19	to	to	ADP
ftr-315	673	20	the	the	DET
ftr-315	673	21	tax	tax	NOUN
ftr-315	673	22	distributions	distribution	NOUN
ftr-315	673	23	made	make	VERB
ftr-315	673	24	to	to	ADP
ftr-315	673	25	the	the	DET
ftr-315	673	26	lps	lps	PROPN
ftr-315	673	27	)	)	PUNCT
ftr-315	673	28	will	will	AUX
ftr-315	673	29	reduce	reduce	VERB
ftr-315	673	30	the	the	DET
ftr-315	673	31	total	total	ADJ
ftr-315	673	32	amount	amount	NOUN
ftr-315	673	33	of	of	ADP
ftr-315	673	34	money	money	NOUN
ftr-315	673	35	available	available	ADJ
ftr-315	673	36	with	with	ADP
ftr-315	673	37	which	which	PRON
ftr-315	673	38	the	the	DET
ftr-315	673	39	fund	fund	NOUN
ftr-315	673	40	116	116	NUM
ftr-315	673	41	.	.	PUNCT
ftr-315	674	1	this	this	DET
ftr-315	674	2	incentive	incentive	NOUN
ftr-315	674	3	actually	actually	ADV
ftr-315	674	4	exists	exist	VERB
ftr-315	674	5	as	as	ADP
ftr-315	674	6	a	a	DET
ftr-315	674	7	result	result	NOUN
ftr-315	674	8	of	of	ADP
ftr-315	674	9	the	the	DET
ftr-315	674	10	mere	mere	ADJ
ftr-315	674	11	increase	increase	NOUN
ftr-315	674	12	in	in	ADP
ftr-315	674	13	taxes	taxis	NOUN
ftr-315	674	14	on	on	ADP
ftr-315	674	15	the	the	DET
ftr-315	674	16	carried	carry	VERB
ftr-315	674	17	interest	interest	NOUN
ftr-315	674	18	,	,	PUNCT
ftr-315	674	19	whether	whether	SCONJ
ftr-315	674	20	or	or	CCONJ
ftr-315	674	21	not	not	PART
ftr-315	674	22	the	the	DET
ftr-315	674	23	tax	tax	NOUN
ftr-315	674	24	increase	increase	NOUN
ftr-315	674	25	is	be	AUX
ftr-315	674	26	accompanied	accompany	VERB
ftr-315	674	27	by	by	ADP
ftr-315	674	28	an	an	DET
ftr-315	674	29	increase	increase	NOUN
ftr-315	674	30	in	in	ADP
ftr-315	674	31	the	the	DET
ftr-315	674	32	tax	tax	NOUN
ftr-315	674	33	distribution	distribution	NOUN
ftr-315	674	34	.	.	PUNCT
ftr-315	675	1	117	117	NUM
ftr-315	675	2	.	.	PUNCT
ftr-315	675	3	see	see	VERB
ftr-315	675	4	generally	generally	ADV
ftr-315	675	5	needham	needham	PROPN
ftr-315	675	6	,	,	PUNCT
ftr-315	675	7	private	private	ADJ
ftr-315	675	8	equity	equity	NOUN
ftr-315	675	9	funds	fund	NOUN
ftr-315	675	10	,	,	PUNCT
ftr-315	675	11	supra	supra	PROPN
ftr-315	675	12	note	note	PROPN
ftr-315	675	13	17	17	NUM
ftr-315	675	14	,	,	PUNCT
ftr-315	675	15	at	at	ADP
ftr-315	675	16	iii.b	iii.b	PROPN
ftr-315	675	17	.	.	PUNCT
ftr-315	676	1	(	(	PUNCT
ftr-315	676	2	describing	describe	VERB
ftr-315	676	3	various	various	ADJ
ftr-315	676	4	distribution	distribution	NOUN
ftr-315	676	5	schemes	scheme	NOUN
ftr-315	676	6	)	)	PUNCT
ftr-315	676	7	;	;	PUNCT
ftr-315	676	8	levin	levin	PROPN
ftr-315	676	9	,	,	PUNCT
ftr-315	676	10	venture	venture	NOUN
ftr-315	676	11	capital	capital	NOUN
ftr-315	676	12	,	,	PUNCT
ftr-315	676	13	supra	supra	PROPN
ftr-315	676	14	note	note	PROPN
ftr-315	676	15	14	14	NUM
ftr-315	676	16	,	,	PUNCT
ftr-315	676	17	at	at	ADP
ftr-315	676	18	¶	¶	PROPN
ftr-315	676	19	1003	1003	NUM
ftr-315	676	20	(	(	PUNCT
ftr-315	676	21	same	same	ADJ
ftr-315	676	22	)	)	PUNCT
ftr-315	676	23	.	.	PUNCT
ftr-315	677	1	118	118	NUM
ftr-315	677	2	.	.	PUNCT
ftr-315	678	1	see	see	VERB
ftr-315	678	2	levin	levin	PROPN
ftr-315	678	3	,	,	PUNCT
ftr-315	678	4	venture	venture	NOUN
ftr-315	678	5	capital	capital	NOUN
ftr-315	678	6	,	,	PUNCT
ftr-315	678	7	supra	supra	PROPN
ftr-315	678	8	note	note	PROPN
ftr-315	678	9	14	14	NUM
ftr-315	678	10	,	,	PUNCT
ftr-315	678	11	at	at	ADP
ftr-315	678	12	¶	¶	PROPN
ftr-315	678	13	1003	1003	NUM
ftr-315	678	14	(	(	PUNCT
ftr-315	678	15	describing	describe	VERB
ftr-315	678	16	this	this	DET
ftr-315	678	17	distribution	distribution	NOUN
ftr-315	678	18	scheme	scheme	NOUN
ftr-315	678	19	)	)	PUNCT
ftr-315	678	20	.	.	PUNCT
ftr-315	679	1	38	38	NUM
ftr-315	679	2	florida	florida	PROPN
ftr-315	679	3	tax	tax	NOUN
ftr-315	679	4	review	review	NOUN
ftr-315	679	5	[	[	X
ftr-315	679	6	vol.13:1	vol.13:1	NOUN
ftr-315	679	7	can	can	AUX
ftr-315	679	8	make	make	VERB
ftr-315	679	9	additional	additional	ADJ
ftr-315	679	10	investments	investment	NOUN
ftr-315	679	11	.	.	PUNCT
ftr-315	680	1	of	of	ADP
ftr-315	680	2	course	course	NOUN
ftr-315	680	3	,	,	PUNCT
ftr-315	680	4	the	the	DET
ftr-315	680	5	tax	tax	NOUN
ftr-315	680	6	distribution	distribution	NOUN
ftr-315	680	7	is	be	AUX
ftr-315	680	8	merely	merely	ADV
ftr-315	680	9	an	an	DET
ftr-315	680	10	advance	advance	NOUN
ftr-315	680	11	distribution	distribution	NOUN
ftr-315	680	12	of	of	ADP
ftr-315	680	13	amounts	amount	NOUN
ftr-315	680	14	to	to	ADP
ftr-315	680	15	which	which	PRON
ftr-315	680	16	the	the	DET
ftr-315	680	17	distributee	distributee	NOUN
ftr-315	680	18	will	will	AUX
ftr-315	680	19	be	be	AUX
ftr-315	680	20	ultimately	ultimately	ADV
ftr-315	680	21	entitled	entitle	VERB
ftr-315	680	22	.	.	PUNCT
ftr-315	681	1	however	however	ADV
ftr-315	681	2	,	,	PUNCT
ftr-315	681	3	the	the	DET
ftr-315	681	4	earlier	early	ADV
ftr-315	681	5	this	this	DET
ftr-315	681	6	advance	advance	NOUN
ftr-315	681	7	is	be	AUX
ftr-315	681	8	distributed	distribute	VERB
ftr-315	681	9	(	(	PUNCT
ftr-315	681	10	the	the	PRON
ftr-315	681	11	larger	large	ADJ
ftr-315	681	12	the	the	DET
ftr-315	681	13	tax	tax	NOUN
ftr-315	681	14	distribution	distribution	NOUN
ftr-315	681	15	,	,	PUNCT
ftr-315	681	16	the	the	DET
ftr-315	681	17	more	more	ADJ
ftr-315	681	18	money	money	NOUN
ftr-315	681	19	advanced	advance	VERB
ftr-315	681	20	earlier	early	ADV
ftr-315	681	21	)	)	PUNCT
ftr-315	681	22	,	,	PUNCT
ftr-315	681	23	the	the	DET
ftr-315	681	24	less	less	ADJ
ftr-315	681	25	time	time	NOUN
ftr-315	681	26	that	that	PRON
ftr-315	681	27	money	money	NOUN
ftr-315	681	28	is	be	AUX
ftr-315	681	29	in	in	ADP
ftr-315	681	30	the	the	DET
ftr-315	681	31	fund	fund	NOUN
ftr-315	681	32	,	,	PUNCT
ftr-315	681	33	and	and	CCONJ
ftr-315	681	34	the	the	DET
ftr-315	681	35	less	less	ADJ
ftr-315	681	36	time	time	NOUN
ftr-315	681	37	the	the	DET
ftr-315	681	38	fund	fund	NOUN
ftr-315	681	39	will	will	AUX
ftr-315	681	40	be	be	AUX
ftr-315	681	41	able	able	ADJ
ftr-315	681	42	to	to	PART
ftr-315	681	43	earn	earn	VERB
ftr-315	681	44	returns	return	NOUN
ftr-315	681	45	by	by	ADP
ftr-315	681	46	investing	invest	VERB
ftr-315	681	47	that	that	DET
ftr-315	681	48	money	money	NOUN
ftr-315	681	49	.	.	PUNCT
ftr-315	682	1	again	again	ADV
ftr-315	682	2	,	,	PUNCT
ftr-315	682	3	this	this	PRON
ftr-315	682	4	may	may	AUX
ftr-315	682	5	or	or	CCONJ
ftr-315	682	6	may	may	AUX
ftr-315	682	7	not	not	PART
ftr-315	682	8	be	be	AUX
ftr-315	682	9	problematic	problematic	ADJ
ftr-315	682	10	for	for	ADP
ftr-315	682	11	the	the	DET
ftr-315	682	12	lps	lps	PROPN
ftr-315	682	13	,	,	PUNCT
ftr-315	682	14	depending	depend	VERB
ftr-315	682	15	in	in	ADP
ftr-315	682	16	part	part	NOUN
ftr-315	682	17	on	on	ADP
ftr-315	682	18	the	the	DET
ftr-315	682	19	extent	extent	NOUN
ftr-315	682	20	to	to	PART
ftr-315	682	21	which	which	PRON
ftr-315	682	22	the	the	DET
ftr-315	682	23	fund	fund	NOUN
ftr-315	682	24	’s	’s	PART
ftr-315	682	25	business	business	NOUN
ftr-315	682	26	model	model	NOUN
ftr-315	682	27	depends	depend	VERB
ftr-315	682	28	on	on	ADP
ftr-315	682	29	retention	retention	NOUN
ftr-315	682	30	and	and	CCONJ
ftr-315	682	31	redeployment	redeployment	NOUN
ftr-315	682	32	of	of	ADP
ftr-315	682	33	the	the	DET
ftr-315	682	34	fund	fund	NOUN
ftr-315	682	35	’s	’s	PART
ftr-315	682	36	capital	capital	NOUN
ftr-315	682	37	over	over	ADP
ftr-315	682	38	a	a	DET
ftr-315	682	39	particular	particular	ADJ
ftr-315	682	40	term	term	NOUN
ftr-315	682	41	,	,	PUNCT
ftr-315	682	42	and	and	CCONJ
ftr-315	682	43	depending	depend	VERB
ftr-315	682	44	on	on	ADP
ftr-315	682	45	the	the	DET
ftr-315	682	46	magnitude	magnitude	NOUN
ftr-315	682	47	of	of	ADP
ftr-315	682	48	the	the	DET
ftr-315	682	49	increase	increase	NOUN
ftr-315	682	50	in	in	ADP
ftr-315	682	51	the	the	DET
ftr-315	682	52	tax	tax	NOUN
ftr-315	682	53	distributions	distribution	NOUN
ftr-315	682	54	.	.	PUNCT
ftr-315	683	1	4	4	X
ftr-315	683	2	.	.	X
ftr-315	683	3	recommendations	recommendation	NOUN
ftr-315	683	4	for	for	ADP
ftr-315	683	5	fund	fund	NOUN
ftr-315	683	6	investors	investor	NOUN
ftr-315	683	7	regarding	regard	VERB
ftr-315	683	8	tax	tax	NOUN
ftr-315	683	9	distributions	distribution	NOUN
ftr-315	683	10	the	the	DET
ftr-315	683	11	existence	existence	NOUN
ftr-315	683	12	and	and	CCONJ
ftr-315	683	13	magnitude	magnitude	NOUN
ftr-315	683	14	of	of	ADP
ftr-315	683	15	the	the	DET
ftr-315	683	16	foregoing	forego	VERB
ftr-315	683	17	concerns	concern	NOUN
ftr-315	683	18	will	will	AUX
ftr-315	683	19	,	,	PUNCT
ftr-315	683	20	of	of	ADP
ftr-315	683	21	course	course	NOUN
ftr-315	683	22	,	,	PUNCT
ftr-315	683	23	vary	vary	VERB
ftr-315	683	24	from	from	ADP
ftr-315	683	25	fund	fund	NOUN
ftr-315	683	26	to	to	PART
ftr-315	683	27	fund	fund	VERB
ftr-315	683	28	and	and	CCONJ
ftr-315	683	29	lp	lp	NOUN
ftr-315	683	30	to	to	ADP
ftr-315	683	31	lp	lp	NOUN
ftr-315	683	32	.	.	PUNCT
ftr-315	684	1	lps	lps	PROPN
ftr-315	684	2	should	should	AUX
ftr-315	684	3	evaluate	evaluate	VERB
ftr-315	684	4	their	their	PRON
ftr-315	684	5	particular	particular	ADJ
ftr-315	684	6	situation	situation	NOUN
ftr-315	684	7	to	to	PART
ftr-315	684	8	determine	determine	VERB
ftr-315	684	9	the	the	DET
ftr-315	684	10	extent	extent	NOUN
ftr-315	684	11	to	to	PART
ftr-315	684	12	which	which	PRON
ftr-315	684	13	these	these	DET
ftr-315	684	14	concerns	concern	NOUN
ftr-315	684	15	are	be	AUX
ftr-315	684	16	problematic	problematic	ADJ
ftr-315	684	17	for	for	ADP
ftr-315	684	18	them	they	PRON
ftr-315	684	19	.	.	PUNCT
ftr-315	685	1	for	for	ADP
ftr-315	685	2	example	example	NOUN
ftr-315	685	3	—	—	PUNCT
ftr-315	685	4	does	do	AUX
ftr-315	685	5	the	the	DET
ftr-315	685	6	fund	fund	NOUN
ftr-315	685	7	have	have	VERB
ftr-315	685	8	significant	significant	ADJ
ftr-315	685	9	liquidity	liquidity	NOUN
ftr-315	685	10	constraints	constraint	NOUN
ftr-315	685	11	?	?	PUNCT
ftr-315	686	1	when	when	SCONJ
ftr-315	686	2	do	do	AUX
ftr-315	686	3	the	the	DET
ftr-315	686	4	lps	lps	PROPN
ftr-315	686	5	expect	expect	VERB
ftr-315	686	6	to	to	PART
ftr-315	686	7	receive	receive	VERB
ftr-315	686	8	returns	return	NOUN
ftr-315	686	9	of	of	ADP
ftr-315	686	10	their	their	PRON
ftr-315	686	11	invested	invest	VERB
ftr-315	686	12	capital	capital	NOUN
ftr-315	686	13	?	?	PUNCT
ftr-315	687	1	how	how	SCONJ
ftr-315	687	2	important	important	ADJ
ftr-315	687	3	is	be	AUX
ftr-315	687	4	it	it	PRON
ftr-315	687	5	to	to	ADP
ftr-315	687	6	the	the	DET
ftr-315	687	7	fund	fund	NOUN
ftr-315	687	8	’s	’s	PART
ftr-315	687	9	business	business	NOUN
ftr-315	687	10	model	model	NOUN
ftr-315	687	11	to	to	PART
ftr-315	687	12	retain	retain	VERB
ftr-315	687	13	and	and	CCONJ
ftr-315	687	14	redeploy	redeploy	VERB
ftr-315	687	15	as	as	ADV
ftr-315	687	16	much	much	ADJ
ftr-315	687	17	cash	cash	NOUN
ftr-315	687	18	as	as	ADP
ftr-315	687	19	possible	possible	ADJ
ftr-315	687	20	?	?	PUNCT
ftr-315	688	1	the	the	DET
ftr-315	688	2	answers	answer	NOUN
ftr-315	688	3	to	to	ADP
ftr-315	688	4	these	these	DET
ftr-315	688	5	and	and	CCONJ
ftr-315	688	6	other	other	ADJ
ftr-315	688	7	questions	question	NOUN
ftr-315	688	8	should	should	AUX
ftr-315	688	9	inform	inform	VERB
ftr-315	688	10	both	both	DET
ftr-315	688	11	the	the	DET
ftr-315	688	12	lps	lps	PROPN
ftr-315	688	13	’	'	PUNCT
ftr-315	688	14	assessments	assessment	NOUN
ftr-315	688	15	about	about	ADP
ftr-315	688	16	the	the	DET
ftr-315	688	17	degree	degree	NOUN
ftr-315	688	18	of	of	ADP
ftr-315	688	19	any	any	DET
ftr-315	688	20	problems	problem	NOUN
ftr-315	688	21	created	create	VERB
ftr-315	688	22	by	by	ADP
ftr-315	688	23	increased	increase	VERB
ftr-315	688	24	tax	tax	NOUN
ftr-315	688	25	distributions	distribution	NOUN
ftr-315	688	26	and	and	CCONJ
ftr-315	688	27	the	the	DET
ftr-315	688	28	lps	lps	PROPN
ftr-315	688	29	’	'	PUNCT
ftr-315	688	30	response	response	NOUN
ftr-315	688	31	thereto	thereto	VERB
ftr-315	688	32	.	.	PUNCT
ftr-315	689	1	lps	lps	PROPN
ftr-315	689	2	may	may	AUX
ftr-315	689	3	determine	determine	VERB
ftr-315	689	4	that	that	SCONJ
ftr-315	689	5	the	the	DET
ftr-315	689	6	issues	issue	NOUN
ftr-315	689	7	described	describe	VERB
ftr-315	689	8	in	in	ADP
ftr-315	689	9	part	part	NOUN
ftr-315	689	10	iii.b.3	iii.b.3	NOUN
ftr-315	689	11	are	be	AUX
ftr-315	689	12	not	not	PART
ftr-315	689	13	problematic	problematic	ADJ
ftr-315	689	14	,	,	PUNCT
ftr-315	689	15	and	and	CCONJ
ftr-315	689	16	do	do	VERB
ftr-315	689	17	nothing	nothing	PRON
ftr-315	689	18	.	.	PUNCT
ftr-315	690	1	or	or	CCONJ
ftr-315	690	2	,	,	PUNCT
ftr-315	690	3	lps	lps	PROPN
ftr-315	690	4	may	may	AUX
ftr-315	690	5	determine	determine	VERB
ftr-315	690	6	that	that	SCONJ
ftr-315	690	7	the	the	DET
ftr-315	690	8	issues	issue	NOUN
ftr-315	690	9	are	be	AUX
ftr-315	690	10	somewhat	somewhat	ADV
ftr-315	690	11	problematic	problematic	ADJ
ftr-315	690	12	but	but	CCONJ
ftr-315	690	13	the	the	DET
ftr-315	690	14	lps	lps	PROPN
ftr-315	690	15	may	may	AUX
ftr-315	690	16	accept	accept	VERB
ftr-315	690	17	these	these	DET
ftr-315	690	18	consequences	consequence	NOUN
ftr-315	690	19	because	because	SCONJ
ftr-315	690	20	the	the	DET
ftr-315	690	21	lps	lps	PROPN
ftr-315	690	22	believe	believe	VERB
ftr-315	690	23	that	that	SCONJ
ftr-315	690	24	the	the	DET
ftr-315	690	25	costs	cost	NOUN
ftr-315	690	26	of	of	ADP
ftr-315	690	27	accepting	accept	VERB
ftr-315	690	28	the	the	DET
ftr-315	690	29	risks	risk	NOUN
ftr-315	690	30	are	be	AUX
ftr-315	690	31	less	less	ADJ
ftr-315	690	32	than	than	ADP
ftr-315	690	33	the	the	DET
ftr-315	690	34	costs	cost	NOUN
ftr-315	690	35	of	of	ADP
ftr-315	690	36	fighting	fight	VERB
ftr-315	690	37	with	with	ADP
ftr-315	690	38	the	the	DET
ftr-315	690	39	gp	gp	NOUN
ftr-315	690	40	about	about	ADP
ftr-315	690	41	the	the	DET
ftr-315	690	42	tax	tax	NOUN
ftr-315	690	43	distribution	distribution	NOUN
ftr-315	690	44	terms	term	NOUN
ftr-315	690	45	.	.	PUNCT
ftr-315	691	1	alternatively	alternatively	ADV
ftr-315	691	2	,	,	PUNCT
ftr-315	691	3	lps	lps	PROPN
ftr-315	691	4	may	may	AUX
ftr-315	691	5	determine	determine	VERB
ftr-315	691	6	that	that	SCONJ
ftr-315	691	7	the	the	DET
ftr-315	691	8	problems	problem	NOUN
ftr-315	691	9	created	create	VERB
ftr-315	691	10	for	for	ADP
ftr-315	691	11	them	they	PRON
ftr-315	691	12	by	by	ADP
ftr-315	691	13	increased	increase	VERB
ftr-315	691	14	tax	tax	NOUN
ftr-315	691	15	distributions	distribution	NOUN
ftr-315	691	16	are	be	AUX
ftr-315	691	17	sufficiently	sufficiently	ADV
ftr-315	691	18	troublesome	troublesome	ADJ
ftr-315	691	19	to	to	PART
ftr-315	691	20	justify	justify	VERB
ftr-315	691	21	their	their	PRON
ftr-315	691	22	efforts	effort	NOUN
ftr-315	691	23	to	to	PART
ftr-315	691	24	protect	protect	VERB
ftr-315	691	25	themselves	themselves	PRON
ftr-315	691	26	from	from	ADP
ftr-315	691	27	the	the	DET
ftr-315	691	28	potential	potential	ADJ
ftr-315	691	29	adverse	adverse	ADJ
ftr-315	691	30	impact	impact	NOUN
ftr-315	691	31	of	of	ADP
ftr-315	691	32	increased	increase	VERB
ftr-315	691	33	tax	tax	NOUN
ftr-315	691	34	distributions	distribution	NOUN
ftr-315	691	35	.	.	PUNCT
ftr-315	692	1	if	if	SCONJ
ftr-315	692	2	the	the	DET
ftr-315	692	3	lps	lps	PROPN
ftr-315	692	4	want	want	VERB
ftr-315	692	5	to	to	PART
ftr-315	692	6	negotiate	negotiate	VERB
ftr-315	692	7	with	with	ADP
ftr-315	692	8	the	the	DET
ftr-315	692	9	gps	gps	PROPN
ftr-315	692	10	in	in	ADP
ftr-315	692	11	an	an	DET
ftr-315	692	12	effort	effort	NOUN
ftr-315	692	13	to	to	PART
ftr-315	692	14	minimize	minimize	VERB
ftr-315	692	15	the	the	DET
ftr-315	692	16	consequences	consequence	NOUN
ftr-315	692	17	described	describe	VERB
ftr-315	692	18	in	in	ADP
ftr-315	692	19	this	this	DET
ftr-315	692	20	part	part	NOUN
ftr-315	692	21	,	,	PUNCT
ftr-315	692	22	there	there	PRON
ftr-315	692	23	are	be	VERB
ftr-315	692	24	different	different	ADJ
ftr-315	692	25	approaches	approach	NOUN
ftr-315	692	26	available	available	ADJ
ftr-315	692	27	.	.	PUNCT
ftr-315	693	1	one	one	NUM
ftr-315	693	2	approach	approach	NOUN
ftr-315	693	3	is	be	AUX
ftr-315	693	4	to	to	PART
ftr-315	693	5	negotiate	negotiate	VERB
ftr-315	693	6	directly	directly	ADV
ftr-315	693	7	about	about	ADP
ftr-315	693	8	the	the	DET
ftr-315	693	9	terms	term	NOUN
ftr-315	693	10	of	of	ADP
ftr-315	693	11	the	the	DET
ftr-315	693	12	tax	tax	NOUN
ftr-315	693	13	distributions	distribution	NOUN
ftr-315	693	14	in	in	ADP
ftr-315	693	15	an	an	DET
ftr-315	693	16	effort	effort	NOUN
ftr-315	693	17	to	to	PART
ftr-315	693	18	change	change	VERB
ftr-315	693	19	the	the	DET
ftr-315	693	20	assumptions	assumption	NOUN
ftr-315	693	21	on	on	ADP
ftr-315	693	22	which	which	PRON
ftr-315	693	23	the	the	DET
ftr-315	693	24	amount	amount	NOUN
ftr-315	693	25	of	of	ADP
ftr-315	693	26	the	the	DET
ftr-315	693	27	tax	tax	NOUN
ftr-315	693	28	distributions	distribution	NOUN
ftr-315	693	29	is	be	AUX
ftr-315	693	30	calculated	calculate	VERB
ftr-315	693	31	.	.	PUNCT
ftr-315	694	1	those	those	DET
ftr-315	694	2	assumptions	assumption	NOUN
ftr-315	694	3	include	include	VERB
ftr-315	694	4	assumptions	assumption	NOUN
ftr-315	694	5	regarding	regard	VERB
ftr-315	694	6	the	the	DET
ftr-315	694	7	rate	rate	NOUN
ftr-315	694	8	of	of	ADP
ftr-315	694	9	tax	tax	NOUN
ftr-315	694	10	,	,	PUNCT
ftr-315	694	11	regarding	regard	VERB
ftr-315	694	12	the	the	DET
ftr-315	694	13	location	location	NOUN
ftr-315	694	14	of	of	ADP
ftr-315	694	15	the	the	DET
ftr-315	694	16	“	"	PUNCT
ftr-315	694	17	hypothetical	hypothetical	ADJ
ftr-315	694	18	”	"	PUNCT
ftr-315	694	19	taxpayer	taxpayer	NOUN
ftr-315	694	20	whose	whose	DET
ftr-315	694	21	tax	tax	NOUN
ftr-315	694	22	rate	rate	NOUN
ftr-315	694	23	is	be	AUX
ftr-315	694	24	used	use	VERB
ftr-315	694	25	for	for	ADP
ftr-315	694	26	calculating	calculate	VERB
ftr-315	694	27	the	the	DET
ftr-315	694	28	tax	tax	NOUN
ftr-315	694	29	distributions	distribution	NOUN
ftr-315	694	30	,	,	PUNCT
ftr-315	694	31	and/or	and/or	CCONJ
ftr-315	694	32	regarding	regard	VERB
ftr-315	694	33	the	the	DET
ftr-315	694	34	availability	availability	NOUN
ftr-315	694	35	of	of	ADP
ftr-315	694	36	losses	loss	NOUN
ftr-315	694	37	to	to	PART
ftr-315	694	38	offset	offset	VERB
ftr-315	694	39	income	income	NOUN
ftr-315	694	40	from	from	ADP
ftr-315	694	41	the	the	DET
ftr-315	694	42	carry	carry	NOUN
ftr-315	694	43	.	.	PUNCT
ftr-315	695	1	this	this	PRON
ftr-315	695	2	is	be	AUX
ftr-315	695	3	similar	similar	ADJ
ftr-315	695	4	to	to	ADP
ftr-315	695	5	the	the	DET
ftr-315	695	6	approach	approach	NOUN
ftr-315	695	7	described	describe	VERB
ftr-315	695	8	above	above	ADV
ftr-315	695	9	in	in	ADP
ftr-315	695	10	part	part	NOUN
ftr-315	695	11	iii.a.3.b	iii.a.3.b	PROPN
ftr-315	695	12	as	as	ADP
ftr-315	695	13	a	a	DET
ftr-315	695	14	potential	potential	ADJ
ftr-315	695	15	response	response	NOUN
ftr-315	695	16	to	to	ADP
ftr-315	695	17	the	the	DET
ftr-315	695	18	clawback	clawback	NOUN
ftr-315	695	19	issues	issue	NOUN
ftr-315	695	20	.	.	PUNCT
ftr-315	696	1	2012	2012	NUM
ftr-315	696	2	]	]	PUNCT
ftr-315	696	3	“	"	PUNCT
ftr-315	696	4	carried	carry	VERB
ftr-315	696	5	interest	interest	NOUN
ftr-315	696	6	”	"	PUNCT
ftr-315	696	7	tax	tax	NOUN
ftr-315	696	8	proposals	proposal	NOUN
ftr-315	696	9	39	39	NUM
ftr-315	696	10	another	another	DET
ftr-315	696	11	approach	approach	NOUN
ftr-315	696	12	is	be	AUX
ftr-315	696	13	to	to	PART
ftr-315	696	14	negotiate	negotiate	VERB
ftr-315	696	15	about	about	ADP
ftr-315	696	16	how	how	SCONJ
ftr-315	696	17	the	the	DET
ftr-315	696	18	gp	gp	NOUN
ftr-315	696	19	’s	’s	PART
ftr-315	696	20	carry	carry	NOUN
ftr-315	696	21	is	be	AUX
ftr-315	696	22	calculated	calculate	VERB
ftr-315	696	23	,	,	PUNCT
ftr-315	696	24	thereby	thereby	ADV
ftr-315	696	25	negotiating	negotiate	VERB
ftr-315	696	26	indirectly	indirectly	ADV
ftr-315	696	27	about	about	ADP
ftr-315	696	28	the	the	DET
ftr-315	696	29	amount	amount	NOUN
ftr-315	696	30	of	of	ADP
ftr-315	696	31	the	the	DET
ftr-315	696	32	tax	tax	NOUN
ftr-315	696	33	distribution	distribution	NOUN
ftr-315	696	34	.	.	PUNCT
ftr-315	697	1	for	for	ADP
ftr-315	697	2	example	example	NOUN
ftr-315	697	3	,	,	PUNCT
ftr-315	697	4	calculating	calculate	VERB
ftr-315	697	5	the	the	DET
ftr-315	697	6	carry	carry	NOUN
ftr-315	697	7	on	on	ADP
ftr-315	697	8	a	a	DET
ftr-315	697	9	cumulative	cumulative	ADJ
ftr-315	697	10	basis	basis	NOUN
ftr-315	697	11	(	(	PUNCT
ftr-315	697	12	rather	rather	ADV
ftr-315	697	13	than	than	ADP
ftr-315	697	14	on	on	ADP
ftr-315	697	15	a	a	DET
ftr-315	697	16	year	year	NOUN
ftr-315	697	17	-	-	PUNCT
ftr-315	697	18	by	by	ADP
ftr-315	697	19	-	-	PUNCT
ftr-315	697	20	year	year	NOUN
ftr-315	697	21	basis	basis	NOUN
ftr-315	697	22	)	)	PUNCT
ftr-315	697	23	or	or	CCONJ
ftr-315	697	24	calculating	calculate	VERB
ftr-315	697	25	the	the	DET
ftr-315	697	26	carry	carry	NOUN
ftr-315	697	27	net	net	NOUN
ftr-315	697	28	of	of	ADP
ftr-315	697	29	unrealized	unrealized	ADJ
ftr-315	697	30	losses	loss	NOUN
ftr-315	697	31	could	could	AUX
ftr-315	697	32	reduce	reduce	VERB
ftr-315	697	33	the	the	DET
ftr-315	697	34	current	current	ADJ
ftr-315	697	35	allocations	allocation	NOUN
ftr-315	697	36	of	of	ADP
ftr-315	697	37	carry,119	carry,119	PROPN
ftr-315	697	38	thereby	thereby	ADV
ftr-315	697	39	reducing	reduce	VERB
ftr-315	697	40	the	the	DET
ftr-315	697	41	necessary	necessary	ADJ
ftr-315	697	42	tax	tax	NOUN
ftr-315	697	43	distributions	distribution	NOUN
ftr-315	697	44	,	,	PUNCT
ftr-315	697	45	thereby	thereby	ADV
ftr-315	697	46	reducing	reduce	VERB
ftr-315	697	47	the	the	DET
ftr-315	697	48	risks	risk	NOUN
ftr-315	697	49	described	describe	VERB
ftr-315	697	50	in	in	ADP
ftr-315	697	51	this	this	DET
ftr-315	697	52	part	part	NOUN
ftr-315	697	53	.	.	PUNCT
ftr-315	698	1	this	this	PRON
ftr-315	698	2	is	be	AUX
ftr-315	698	3	similar	similar	ADJ
ftr-315	698	4	to	to	ADP
ftr-315	698	5	the	the	DET
ftr-315	698	6	approach	approach	NOUN
ftr-315	698	7	described	describe	VERB
ftr-315	698	8	above	above	ADP
ftr-315	698	9	in	in	ADP
ftr-315	698	10	part	part	NOUN
ftr-315	698	11	iii.a.3.a	iii.a.3.a	PROPN
ftr-315	698	12	as	as	ADP
ftr-315	698	13	a	a	DET
ftr-315	698	14	potential	potential	ADJ
ftr-315	698	15	response	response	NOUN
ftr-315	698	16	to	to	ADP
ftr-315	698	17	the	the	DET
ftr-315	698	18	clawback	clawback	NOUN
ftr-315	698	19	issues.120	issues.120	NOUN
ftr-315	698	20	ultimately	ultimately	ADV
ftr-315	698	21	,	,	PUNCT
ftr-315	698	22	the	the	DET
ftr-315	698	23	lps	lps	PROPN
ftr-315	698	24	’	'	PUNCT
ftr-315	698	25	response	response	NOUN
ftr-315	698	26	,	,	PUNCT
ftr-315	698	27	if	if	SCONJ
ftr-315	698	28	any	any	PRON
ftr-315	698	29	,	,	PUNCT
ftr-315	698	30	will	will	AUX
ftr-315	698	31	depend	depend	VERB
ftr-315	698	32	on	on	ADP
ftr-315	698	33	the	the	DET
ftr-315	698	34	particular	particular	ADJ
ftr-315	698	35	facts	fact	NOUN
ftr-315	698	36	and	and	CCONJ
ftr-315	698	37	circumstances	circumstance	NOUN
ftr-315	698	38	,	,	PUNCT
ftr-315	698	39	but	but	CCONJ
ftr-315	698	40	hopefully	hopefully	ADV
ftr-315	698	41	,	,	PUNCT
ftr-315	698	42	this	this	DET
ftr-315	698	43	discussion	discussion	NOUN
ftr-315	698	44	enables	enable	VERB
ftr-315	698	45	the	the	DET
ftr-315	698	46	lps	lps	PROPN
ftr-315	698	47	(	(	PUNCT
ftr-315	698	48	and	and	CCONJ
ftr-315	698	49	their	their	PRON
ftr-315	698	50	lawyers	lawyer	NOUN
ftr-315	698	51	)	)	PUNCT
ftr-315	698	52	to	to	PART
ftr-315	698	53	evaluate	evaluate	VERB
ftr-315	698	54	the	the	DET
ftr-315	698	55	magnitude	magnitude	NOUN
ftr-315	698	56	of	of	ADP
ftr-315	698	57	any	any	DET
ftr-315	698	58	potential	potential	ADJ
ftr-315	698	59	concern	concern	NOUN
ftr-315	698	60	created	create	VERB
ftr-315	698	61	by	by	ADP
ftr-315	698	62	increased	increase	VERB
ftr-315	698	63	tax	tax	NOUN
ftr-315	698	64	distributions	distribution	NOUN
ftr-315	698	65	.	.	PUNCT
ftr-315	699	1	iv	iv	X
ftr-315	699	2	.	.	PUNCT
ftr-315	700	1	conclusion	conclusion	VERB
ftr-315	700	2	the	the	DET
ftr-315	700	3	debate	debate	NOUN
ftr-315	700	4	about	about	ADP
ftr-315	700	5	the	the	DET
ftr-315	700	6	taxation	taxation	NOUN
ftr-315	700	7	of	of	ADP
ftr-315	700	8	carried	carry	VERB
ftr-315	700	9	interests	interest	NOUN
ftr-315	700	10	continues	continue	VERB
ftr-315	700	11	,	,	PUNCT
ftr-315	700	12	raising	raise	VERB
ftr-315	700	13	a	a	DET
ftr-315	700	14	real	real	ADJ
ftr-315	700	15	possibility	possibility	NOUN
ftr-315	700	16	of	of	ADP
ftr-315	700	17	an	an	DET
ftr-315	700	18	increase	increase	NOUN
ftr-315	700	19	in	in	ADP
ftr-315	700	20	the	the	DET
ftr-315	700	21	taxes	taxis	NOUN
ftr-315	700	22	paid	pay	VERB
ftr-315	700	23	by	by	ADP
ftr-315	700	24	fund	fund	NOUN
ftr-315	700	25	managers	manager	NOUN
ftr-315	700	26	on	on	ADP
ftr-315	700	27	the	the	DET
ftr-315	700	28	value	value	NOUN
ftr-315	700	29	they	they	PRON
ftr-315	700	30	derive	derive	VERB
ftr-315	700	31	from	from	ADP
ftr-315	700	32	their	their	PRON
ftr-315	700	33	carried	carry	VERB
ftr-315	700	34	interests	interest	NOUN
ftr-315	700	35	in	in	ADP
ftr-315	700	36	funds	fund	NOUN
ftr-315	700	37	.	.	PUNCT
ftr-315	701	1	under	under	ADP
ftr-315	701	2	the	the	DET
ftr-315	701	3	carried	carry	VERB
ftr-315	701	4	interest	interest	NOUN
ftr-315	701	5	proposals	proposal	NOUN
ftr-315	701	6	,	,	PUNCT
ftr-315	701	7	fund	fund	NOUN
ftr-315	701	8	managers	manager	NOUN
ftr-315	701	9	would	would	AUX
ftr-315	701	10	be	be	AUX
ftr-315	701	11	the	the	DET
ftr-315	701	12	ones	one	NOUN
ftr-315	701	13	who	who	PRON
ftr-315	701	14	pay	pay	VERB
ftr-315	701	15	higher	high	ADJ
ftr-315	701	16	taxes	taxis	NOUN
ftr-315	701	17	,	,	PUNCT
ftr-315	701	18	but	but	CCONJ
ftr-315	701	19	they	they	PRON
ftr-315	701	20	are	be	AUX
ftr-315	701	21	not	not	PART
ftr-315	701	22	the	the	DET
ftr-315	701	23	only	only	ADJ
ftr-315	701	24	ones	one	NOUN
ftr-315	701	25	who	who	PRON
ftr-315	701	26	could	could	AUX
ftr-315	701	27	suffer	suffer	VERB
ftr-315	701	28	adverse	adverse	ADJ
ftr-315	701	29	economic	economic	ADJ
ftr-315	701	30	consequences	consequence	NOUN
ftr-315	701	31	.	.	PUNCT
ftr-315	702	1	the	the	DET
ftr-315	702	2	carried	carry	VERB
ftr-315	702	3	interest	interest	NOUN
ftr-315	702	4	legislation	legislation	NOUN
ftr-315	702	5	puts	put	VERB
ftr-315	702	6	fund	fund	NOUN
ftr-315	702	7	investors	investor	NOUN
ftr-315	702	8	at	at	ADP
ftr-315	702	9	risk	risk	NOUN
ftr-315	702	10	too	too	ADV
ftr-315	702	11	,	,	PUNCT
ftr-315	702	12	and	and	CCONJ
ftr-315	702	13	not	not	PART
ftr-315	702	14	just	just	ADV
ftr-315	702	15	because	because	SCONJ
ftr-315	702	16	managers	manager	NOUN
ftr-315	702	17	may	may	AUX
ftr-315	702	18	try	try	VERB
ftr-315	702	19	to	to	PART
ftr-315	702	20	raise	raise	VERB
ftr-315	702	21	management	management	NOUN
ftr-315	702	22	fees	fee	NOUN
ftr-315	702	23	or	or	CCONJ
ftr-315	702	24	carry	carry	VERB
ftr-315	702	25	rates	rate	NOUN
ftr-315	702	26	or	or	CCONJ
ftr-315	702	27	because	because	SCONJ
ftr-315	702	28	overall	overall	ADJ
ftr-315	702	29	fund	fund	NOUN
ftr-315	702	30	profitability	profitability	NOUN
ftr-315	702	31	may	may	AUX
ftr-315	702	32	decline	decline	VERB
ftr-315	702	33	.	.	PUNCT
ftr-315	703	1	rather	rather	ADV
ftr-315	703	2	,	,	PUNCT
ftr-315	703	3	the	the	DET
ftr-315	703	4	carried	carry	VERB
ftr-315	703	5	interest	interest	NOUN
ftr-315	703	6	legislation	legislation	NOUN
ftr-315	703	7	puts	put	VERB
ftr-315	703	8	fund	fund	NOUN
ftr-315	703	9	investors	investor	NOUN
ftr-315	703	10	at	at	ADP
ftr-315	703	11	risk	risk	NOUN
ftr-315	703	12	of	of	ADP
ftr-315	703	13	bearing	bear	VERB
ftr-315	703	14	more	more	ADJ
ftr-315	703	15	than	than	ADP
ftr-315	703	16	their	their	PRON
ftr-315	703	17	share	share	NOUN
ftr-315	703	18	of	of	ADP
ftr-315	703	19	economic	economic	ADJ
ftr-315	703	20	losses	loss	NOUN
ftr-315	703	21	,	,	PUNCT
ftr-315	703	22	at	at	ADP
ftr-315	703	23	risk	risk	NOUN
ftr-315	703	24	because	because	SCONJ
ftr-315	703	25	managers	manager	NOUN
ftr-315	703	26	might	might	AUX
ftr-315	703	27	take	take	VERB
ftr-315	703	28	increased	increase	VERB
ftr-315	703	29	risks	risk	NOUN
ftr-315	703	30	with	with	ADP
ftr-315	703	31	the	the	DET
ftr-315	703	32	fund	fund	NOUN
ftr-315	703	33	assets	asset	NOUN
ftr-315	703	34	,	,	PUNCT
ftr-315	703	35	and	and	CCONJ
ftr-315	703	36	at	at	ADP
ftr-315	703	37	risk	risk	NOUN
ftr-315	703	38	from	from	ADP
ftr-315	703	39	other	other	ADJ
ftr-315	703	40	changes	change	NOUN
ftr-315	703	41	to	to	ADP
ftr-315	703	42	the	the	DET
ftr-315	703	43	investors	investor	NOUN
ftr-315	703	44	’	'	PUNCT
ftr-315	703	45	economic	economic	ADJ
ftr-315	703	46	relationships	relationship	NOUN
ftr-315	703	47	with	with	ADP
ftr-315	703	48	managers	manager	NOUN
ftr-315	703	49	.	.	PUNCT
ftr-315	704	1	the	the	DET
ftr-315	704	2	risks	risk	NOUN
ftr-315	704	3	are	be	AUX
ftr-315	704	4	raised	raise	VERB
ftr-315	704	5	not	not	PART
ftr-315	704	6	directly	directly	ADV
ftr-315	704	7	,	,	PUNCT
ftr-315	704	8	but	but	CCONJ
ftr-315	704	9	rather	rather	ADV
ftr-315	704	10	indirectly	indirectly	ADV
ftr-315	704	11	,	,	PUNCT
ftr-315	704	12	as	as	ADP
ftr-315	704	13	a	a	DET
ftr-315	704	14	result	result	NOUN
ftr-315	704	15	of	of	ADP
ftr-315	704	16	common	common	ADJ
ftr-315	704	17	fund	fund	NOUN
ftr-315	704	18	agreement	agreement	NOUN
ftr-315	704	19	provisions	provision	NOUN
ftr-315	704	20	,	,	PUNCT
ftr-315	704	21	specifically	specifically	ADV
ftr-315	704	22	clawback	clawback	NOUN
ftr-315	704	23	provisions	provision	NOUN
ftr-315	704	24	and	and	CCONJ
ftr-315	704	25	tax	tax	NOUN
ftr-315	704	26	distribution	distribution	NOUN
ftr-315	704	27	provisions	provision	NOUN
ftr-315	704	28	.	.	PUNCT
ftr-315	705	1	these	these	PRON
ftr-315	705	2	may	may	AUX
ftr-315	705	3	appear	appear	VERB
ftr-315	705	4	to	to	PART
ftr-315	705	5	be	be	AUX
ftr-315	705	6	reasonable	reasonable	ADJ
ftr-315	705	7	,	,	PUNCT
ftr-315	705	8	carefully	carefully	ADV
ftr-315	705	9	negotiated	negotiate	VERB
ftr-315	705	10	provisions	provision	NOUN
ftr-315	705	11	that	that	PRON
ftr-315	705	12	are	be	AUX
ftr-315	705	13	part	part	NOUN
ftr-315	705	14	of	of	ADP
ftr-315	705	15	industry	industry	NOUN
ftr-315	705	16	norms	norm	NOUN
ftr-315	705	17	for	for	ADP
ftr-315	705	18	fund	fund	NOUN
ftr-315	705	19	agreements	agreement	NOUN
ftr-315	705	20	.	.	PUNCT
ftr-315	706	1	however	however	ADV
ftr-315	706	2	,	,	PUNCT
ftr-315	706	3	as	as	SCONJ
ftr-315	706	4	this	this	DET
ftr-315	706	5	article	article	NOUN
ftr-315	706	6	explains	explain	VERB
ftr-315	706	7	,	,	PUNCT
ftr-315	706	8	these	these	DET
ftr-315	706	9	provisions	provision	NOUN
ftr-315	706	10	,	,	PUNCT
ftr-315	706	11	when	when	SCONJ
ftr-315	706	12	coupled	couple	VERB
ftr-315	706	13	with	with	ADP
ftr-315	706	14	an	an	DET
ftr-315	706	15	increase	increase	NOUN
ftr-315	706	16	in	in	ADP
ftr-315	706	17	the	the	DET
ftr-315	706	18	taxes	taxis	NOUN
ftr-315	706	19	imposed	impose	VERB
ftr-315	706	20	on	on	ADP
ftr-315	706	21	carried	carry	VERB
ftr-315	706	22	interests	interest	NOUN
ftr-315	706	23	,	,	PUNCT
ftr-315	706	24	can	can	AUX
ftr-315	706	25	have	have	VERB
ftr-315	706	26	return	return	NOUN
ftr-315	706	27	-	-	PUNCT
ftr-315	706	28	reducing	reduce	VERB
ftr-315	706	29	ripple	ripple	ADJ
ftr-315	706	30	effects	effect	NOUN
ftr-315	706	31	for	for	ADP
ftr-315	706	32	fund	fund	NOUN
ftr-315	706	33	investors	investor	NOUN
ftr-315	706	34	.	.	PUNCT
ftr-315	707	1	the	the	DET
ftr-315	707	2	route	route	NOUN
ftr-315	707	3	through	through	ADP
ftr-315	707	4	which	which	PRON
ftr-315	707	5	investors	investor	NOUN
ftr-315	707	6	’	'	PUNCT
ftr-315	707	7	economic	economic	ADJ
ftr-315	707	8	interests	interest	NOUN
ftr-315	707	9	could	could	AUX
ftr-315	707	10	be	be	AUX
ftr-315	707	11	affected	affect	VERB
ftr-315	707	12	may	may	AUX
ftr-315	707	13	be	be	AUX
ftr-315	707	14	complex	complex	ADJ
ftr-315	707	15	,	,	PUNCT
ftr-315	707	16	technical	technical	ADJ
ftr-315	707	17	,	,	PUNCT
ftr-315	707	18	and	and	CCONJ
ftr-315	707	19	subtle	subtle	ADJ
ftr-315	707	20	,	,	PUNCT
ftr-315	707	21	but	but	CCONJ
ftr-315	707	22	the	the	DET
ftr-315	707	23	effect	effect	NOUN
ftr-315	707	24	could	could	AUX
ftr-315	707	25	be	be	AUX
ftr-315	707	26	significant	significant	ADJ
ftr-315	707	27	.	.	PUNCT
ftr-315	708	1	and	and	CCONJ
ftr-315	708	2	this	this	PRON
ftr-315	708	3	is	be	AUX
ftr-315	708	4	merely	merely	ADV
ftr-315	708	5	one	one	NUM
ftr-315	708	6	example	example	NOUN
ftr-315	708	7	of	of	ADP
ftr-315	708	8	how	how	SCONJ
ftr-315	708	9	a	a	DET
ftr-315	708	10	119	119	NUM
ftr-315	708	11	.	.	PUNCT
ftr-315	709	1	this	this	PRON
ftr-315	709	2	might	might	AUX
ftr-315	709	3	change	change	VERB
ftr-315	709	4	the	the	DET
ftr-315	709	5	timing	timing	NOUN
ftr-315	709	6	of	of	ADP
ftr-315	709	7	the	the	DET
ftr-315	709	8	allocation	allocation	NOUN
ftr-315	709	9	and	and	CCONJ
ftr-315	709	10	distribution	distribution	NOUN
ftr-315	709	11	to	to	ADP
ftr-315	709	12	the	the	DET
ftr-315	709	13	gp	gp	NOUN
ftr-315	709	14	of	of	ADP
ftr-315	709	15	the	the	DET
ftr-315	709	16	carry	carry	NOUN
ftr-315	709	17	,	,	PUNCT
ftr-315	709	18	but	but	CCONJ
ftr-315	709	19	it	it	PRON
ftr-315	709	20	should	should	AUX
ftr-315	709	21	ultimately	ultimately	ADV
ftr-315	709	22	not	not	PART
ftr-315	709	23	change	change	VERB
ftr-315	709	24	the	the	DET
ftr-315	709	25	total	total	ADJ
ftr-315	709	26	amount	amount	NOUN
ftr-315	709	27	of	of	ADP
ftr-315	709	28	the	the	DET
ftr-315	709	29	carry	carry	NOUN
ftr-315	709	30	to	to	PART
ftr-315	709	31	which	which	PRON
ftr-315	709	32	the	the	DET
ftr-315	709	33	gp	gp	NOUN
ftr-315	709	34	is	be	AUX
ftr-315	709	35	entitled	entitle	VERB
ftr-315	709	36	.	.	PUNCT
ftr-315	710	1	120	120	NUM
ftr-315	710	2	.	.	PUNCT
ftr-315	711	1	the	the	DET
ftr-315	711	2	other	other	ADJ
ftr-315	711	3	approaches	approach	NOUN
ftr-315	711	4	described	describe	VERB
ftr-315	711	5	as	as	ADP
ftr-315	711	6	possibilities	possibility	NOUN
ftr-315	711	7	in	in	ADP
ftr-315	711	8	response	response	NOUN
ftr-315	711	9	to	to	ADP
ftr-315	711	10	the	the	DET
ftr-315	711	11	clawback	clawback	NOUN
ftr-315	711	12	issue	issue	NOUN
ftr-315	711	13	(	(	PUNCT
ftr-315	711	14	specifically	specifically	ADV
ftr-315	711	15	(	(	PUNCT
ftr-315	711	16	i	i	NOUN
ftr-315	711	17	)	)	PUNCT
ftr-315	711	18	taking	take	VERB
ftr-315	711	19	into	into	ADP
ftr-315	711	20	account	account	NOUN
ftr-315	711	21	the	the	DET
ftr-315	711	22	gp	gp	NOUN
ftr-315	711	23	’s	’s	PART
ftr-315	711	24	tax	tax	NOUN
ftr-315	711	25	loss	loss	NOUN
ftr-315	711	26	when	when	SCONJ
ftr-315	711	27	calculating	calculate	VERB
ftr-315	711	28	the	the	DET
ftr-315	711	29	after	after	ADP
ftr-315	711	30	-	-	PUNCT
ftr-315	711	31	tax	tax	NOUN
ftr-315	711	32	cap	cap	NOUN
ftr-315	711	33	on	on	ADP
ftr-315	711	34	the	the	DET
ftr-315	711	35	carry	carry	NOUN
ftr-315	711	36	and	and	CCONJ
ftr-315	711	37	(	(	PUNCT
ftr-315	711	38	ii	ii	NOUN
ftr-315	711	39	)	)	PUNCT
ftr-315	711	40	adding	add	VERB
ftr-315	711	41	a	a	DET
ftr-315	711	42	limited	limited	ADJ
ftr-315	711	43	dro	dro	PROPN
ftr-315	711	44	)	)	PUNCT
ftr-315	711	45	are	be	AUX
ftr-315	711	46	relevant	relevant	ADJ
ftr-315	711	47	to	to	ADP
ftr-315	711	48	clawbacks	clawback	NOUN
ftr-315	711	49	but	but	CCONJ
ftr-315	711	50	not	not	PART
ftr-315	711	51	to	to	PART
ftr-315	711	52	tax	tax	NOUN
ftr-315	711	53	distributions	distribution	NOUN
ftr-315	711	54	.	.	PUNCT
ftr-315	712	1	40	40	NUM
ftr-315	712	2	florida	florida	PROPN
ftr-315	712	3	tax	tax	NOUN
ftr-315	712	4	review	review	NOUN
ftr-315	712	5	[	[	X
ftr-315	712	6	vol.13:1	vol.13:1	NOUN
ftr-315	712	7	change	change	NOUN
ftr-315	712	8	in	in	ADP
ftr-315	712	9	law	law	NOUN
ftr-315	712	10	can	can	AUX
ftr-315	712	11	create	create	VERB
ftr-315	712	12	unintended	unintended	ADJ
ftr-315	712	13	consequences	consequence	NOUN
ftr-315	712	14	by	by	ADP
ftr-315	712	15	rippling	ripple	VERB
ftr-315	712	16	through	through	ADP
ftr-315	712	17	private	private	ADJ
ftr-315	712	18	contracts	contract	NOUN
ftr-315	712	19	,	,	PUNCT
ftr-315	712	20	thereby	thereby	ADV
ftr-315	712	21	altering	alter	VERB
ftr-315	712	22	the	the	DET
ftr-315	712	23	economic	economic	ADJ
ftr-315	712	24	relationships	relationship	NOUN
ftr-315	712	25	created	create	VERB
ftr-315	712	26	by	by	ADP
ftr-315	712	27	those	those	DET
ftr-315	712	28	contracts	contract	NOUN
ftr-315	712	29	and	and	CCONJ
ftr-315	712	30	adversely	adversely	ADV
ftr-315	712	31	affecting	affect	VERB
ftr-315	712	32	parties	party	NOUN
ftr-315	712	33	who	who	PRON
ftr-315	712	34	are	be	AUX
ftr-315	712	35	not	not	PART
ftr-315	712	36	the	the	DET
ftr-315	712	37	desired	desire	VERB
ftr-315	712	38	targets	target	NOUN
ftr-315	712	39	of	of	ADP
ftr-315	712	40	the	the	DET
ftr-315	712	41	law	law	NOUN
ftr-315	712	42	change	change	NOUN
ftr-315	712	43	.	.	PUNCT
ftr-315	713	1	ultimately	ultimately	ADV
ftr-315	713	2	,	,	PUNCT
ftr-315	713	3	the	the	DET
ftr-315	713	4	carried	carry	VERB
ftr-315	713	5	interest	interest	NOUN
ftr-315	713	6	legislation	legislation	NOUN
ftr-315	713	7	may	may	AUX
ftr-315	713	8	not	not	PART
ftr-315	713	9	be	be	AUX
ftr-315	713	10	explicitly	explicitly	ADV
ftr-315	713	11	aimed	aim	VERB
ftr-315	713	12	at	at	ADP
ftr-315	713	13	fund	fund	NOUN
ftr-315	713	14	investors	investor	NOUN
ftr-315	713	15	,	,	PUNCT
ftr-315	713	16	but	but	CCONJ
ftr-315	713	17	fund	fund	NOUN
ftr-315	713	18	investors	investor	NOUN
ftr-315	713	19	ought	ought	AUX
ftr-315	713	20	to	to	PART
ftr-315	713	21	be	be	AUX
ftr-315	713	22	aware	aware	ADJ
ftr-315	713	23	of	of	ADP
ftr-315	713	24	how	how	SCONJ
ftr-315	713	25	the	the	DET
ftr-315	713	26	legislation	legislation	NOUN
ftr-315	713	27	could	could	AUX
ftr-315	713	28	affect	affect	VERB
ftr-315	713	29	them	they	PRON
ftr-315	713	30	.	.	PUNCT
ftr-315	714	1	armed	arm	VERB
ftr-315	714	2	with	with	ADP
ftr-315	714	3	that	that	DET
ftr-315	714	4	knowledge	knowledge	NOUN
ftr-315	714	5	,	,	PUNCT
ftr-315	714	6	fund	fund	NOUN
ftr-315	714	7	investors	investor	NOUN
ftr-315	714	8	can	can	AUX
ftr-315	714	9	decide	decide	VERB
ftr-315	714	10	whether	whether	SCONJ
ftr-315	714	11	to	to	PART
ftr-315	714	12	accept	accept	VERB
ftr-315	714	13	the	the	DET
ftr-315	714	14	potential	potential	ADJ
ftr-315	714	15	consequences	consequence	NOUN
ftr-315	714	16	or	or	CCONJ
ftr-315	714	17	whether	whether	SCONJ
ftr-315	714	18	to	to	PART
ftr-315	714	19	protect	protect	VERB
ftr-315	714	20	themselves	themselves	PRON
ftr-315	714	21	by	by	ADP
ftr-315	714	22	negotiating	negotiate	VERB
ftr-315	714	23	about	about	ADP
ftr-315	714	24	the	the	DET
ftr-315	714	25	details	detail	NOUN
ftr-315	714	26	of	of	ADP
ftr-315	714	27	the	the	DET
ftr-315	714	28	fund	fund	NOUN
ftr-315	714	29	agreements	agreement	NOUN
ftr-315	714	30	.	.	PUNCT
ftr-315	715	1	either	either	DET
ftr-315	715	2	way	way	NOUN
ftr-315	715	3	,	,	PUNCT
ftr-315	715	4	fund	fund	NOUN
ftr-315	715	5	investors	investor	NOUN
ftr-315	715	6	need	need	VERB
ftr-315	715	7	to	to	PART
ftr-315	715	8	know	know	VERB
ftr-315	715	9	that	that	PRON
ftr-315	715	10	(	(	PUNCT
ftr-315	715	11	and	and	CCONJ
ftr-315	715	12	how	how	SCONJ
ftr-315	715	13	)	)	PUNCT
ftr-315	715	14	they	they	PRON
ftr-315	715	15	may	may	AUX
ftr-315	715	16	be	be	AUX
ftr-315	715	17	vulnerable	vulnerable	ADJ
ftr-315	715	18	.	.	PUNCT
ftr-315	716	1	ii	ii	PROPN
ftr-315	716	2	.	.	PUNCT
ftr-315	717	1	background	background	PROPN
ftr-315	717	2	b.	b.	PROPN
ftr-315	717	3	legislative	legislative	ADJ
ftr-315	717	4	proposals	proposal	NOUN
ftr-315	717	5	regarding	regard	VERB
ftr-315	717	6	the	the	DET
ftr-315	717	7	taxation	taxation	NOUN
ftr-315	717	8	of	of	ADP
ftr-315	717	9	carried	carry	VERB
ftr-315	717	10	interests	interest	NOUN
ftr-315	717	11	iii	iii	PROPN
ftr-315	717	12	.	.	PUNCT
ftr-315	718	1	the	the	DET
ftr-315	718	2	circuitous	circuitous	ADJ
ftr-315	718	3	route	route	NOUN
ftr-315	718	4	between	between	ADP
ftr-315	718	5	increased	increase	VERB
ftr-315	718	6	taxes	taxis	NOUN
ftr-315	718	7	on	on	ADP
ftr-315	718	8	fund	fund	NOUN
ftr-315	718	9	managers	manager	NOUN
ftr-315	718	10	and	and	CCONJ
ftr-315	718	11	reduced	reduced	ADJ
ftr-315	718	12	returns	return	NOUN
ftr-315	718	13	for	for	ADP
ftr-315	718	14	fund	fund	NOUN
ftr-315	718	15	investors	investor	NOUN
ftr-315	718	16	a.	a.	NOUN
ftr-315	718	17	clawback	clawback	NOUN
ftr-315	718	18	provisions	provision	NOUN
ftr-315	718	19	1	1	X
ftr-315	718	20	.	.	X
ftr-315	719	1	understanding	understand	VERB
ftr-315	719	2	clawbacks	clawback	NOUN
ftr-315	719	3	(	(	PUNCT
ftr-315	719	4	a	a	PRON
ftr-315	719	5	)	)	PUNCT
ftr-315	719	6	example	example	NOUN
ftr-315	719	7	#	#	SYM
ftr-315	719	8	1	1	NUM
ftr-315	719	9	—	—	PUNCT
ftr-315	719	10	how	how	SCONJ
ftr-315	719	11	can	can	AUX
ftr-315	719	12	lps	lps	PROPN
ftr-315	719	13	be	be	AUX
ftr-315	719	14	harmed	harm	VERB
ftr-315	719	15	in	in	ADP
ftr-315	719	16	the	the	DET
ftr-315	719	17	absence	absence	NOUN
ftr-315	719	18	of	of	ADP
ftr-315	719	19	a	a	DET
ftr-315	719	20	clawback	clawback	NOUN
ftr-315	719	21	?	?	PUNCT
ftr-315	720	1	(	(	PUNCT
ftr-315	720	2	1	1	X
ftr-315	720	3	)	)	PUNCT
ftr-315	720	4	hypothetical	hypothetical	ADJ
ftr-315	720	5	&	&	CCONJ
ftr-315	720	6	analysis	analysis	NOUN
ftr-315	720	7	(	(	PUNCT
ftr-315	720	8	2	2	X
ftr-315	720	9	)	)	PUNCT
ftr-315	720	10	the	the	DET
ftr-315	720	11	many	many	ADJ
ftr-315	720	12	problems	problem	NOUN
ftr-315	720	13	presented	present	VERB
ftr-315	720	14	by	by	ADP
ftr-315	720	15	example	example	NOUN
ftr-315	720	16	#	#	SYM
ftr-315	720	17	1	1	NUM
ftr-315	720	18	(	(	PUNCT
ftr-315	720	19	b	b	NOUN
ftr-315	720	20	)	)	PUNCT
ftr-315	720	21	example	example	NOUN
ftr-315	720	22	#	#	SYM
ftr-315	720	23	2	2	NUM
ftr-315	720	24	—	—	PUNCT
ftr-315	720	25	how	how	SCONJ
ftr-315	720	26	might	might	AUX
ftr-315	720	27	a	a	DET
ftr-315	720	28	clawback	clawback	NOUN
ftr-315	720	29	help	help	NOUN
ftr-315	720	30	protect	protect	VERB
ftr-315	720	31	the	the	DET
ftr-315	720	32	lps	lps	PROPN
ftr-315	720	33	?	?	PUNCT
ftr-315	721	1	(	(	PUNCT
ftr-315	721	2	c	c	X
ftr-315	721	3	)	)	PUNCT
ftr-315	721	4	example	example	NOUN
ftr-315	721	5	#	#	SYM
ftr-315	721	6	3	3	NUM
ftr-315	721	7	—	—	PUNCT
ftr-315	721	8	how	how	SCONJ
ftr-315	721	9	do	do	AUX
ftr-315	721	10	taxes	taxis	NOUN
ftr-315	721	11	on	on	ADP
ftr-315	721	12	the	the	DET
ftr-315	721	13	carry	carry	NOUN
ftr-315	721	14	affect	affect	VERB
ftr-315	721	15	the	the	DET
ftr-315	721	16	operation	operation	NOUN
ftr-315	721	17	of	of	ADP
ftr-315	721	18	a	a	DET
ftr-315	721	19	clawback	clawback	NOUN
ftr-315	721	20	?	?	PUNCT
ftr-315	722	1	(	(	PUNCT
ftr-315	722	2	1	1	X
ftr-315	722	3	)	)	PUNCT
ftr-315	722	4	loss	loss	NOUN
ftr-315	722	5	-	-	PUNCT
ftr-315	722	6	shifting	shift	VERB
ftr-315	722	7	(	(	PUNCT
ftr-315	722	8	2	2	X
ftr-315	722	9	)	)	PUNCT
ftr-315	722	10	increasing	increase	VERB
ftr-315	722	11	the	the	DET
ftr-315	722	12	gp	gp	NOUN
ftr-315	722	13	’s	’s	PART
ftr-315	722	14	risk	risk	NOUN
ftr-315	722	15	-	-	PUNCT
ftr-315	722	16	taking	take	VERB
ftr-315	722	17	incentive	incentive	NOUN
ftr-315	722	18	2	2	NUM
ftr-315	722	19	.	.	PUNCT
ftr-315	722	20	appreciating	appreciate	VERB
ftr-315	722	21	how	how	SCONJ
ftr-315	722	22	clawback	clawback	NOUN
ftr-315	722	23	problems	problem	NOUN
ftr-315	722	24	are	be	AUX
ftr-315	722	25	exacerbated	exacerbate	VERB
ftr-315	722	26	by	by	ADP
ftr-315	722	27	increases	increase	NOUN
ftr-315	722	28	to	to	ADP
ftr-315	722	29	the	the	DET
ftr-315	722	30	tax	tax	NOUN
ftr-315	722	31	on	on	ADP
ftr-315	722	32	carried	carry	VERB
ftr-315	722	33	interests	interest	NOUN
ftr-315	722	34	(	(	PUNCT
ftr-315	722	35	a	a	X
ftr-315	722	36	)	)	PUNCT
ftr-315	722	37	revise	revise	VERB
ftr-315	722	38	how	how	SCONJ
ftr-315	722	39	the	the	DET
ftr-315	722	40	carry	carry	NOUN
ftr-315	722	41	is	be	AUX
ftr-315	722	42	calculated	calculate	VERB
ftr-315	722	43	(	(	PUNCT
ftr-315	722	44	b	b	NOUN
ftr-315	722	45	)	)	PUNCT
ftr-315	722	46	change	change	VERB
ftr-315	722	47	the	the	DET
ftr-315	722	48	tax	tax	NOUN
ftr-315	722	49	rate	rate	NOUN
ftr-315	722	50	used	use	VERB
ftr-315	722	51	for	for	ADP
ftr-315	722	52	calculating	calculate	VERB
ftr-315	722	53	the	the	DET
ftr-315	722	54	“	"	PUNCT
ftr-315	722	55	after	after	ADP
ftr-315	722	56	-	-	PUNCT
ftr-315	722	57	tax	tax	NOUN
ftr-315	722	58	”	"	PUNCT
ftr-315	722	59	carry	carry	NOUN
ftr-315	722	60	(	(	PUNCT
ftr-315	722	61	c	c	NOUN
ftr-315	722	62	)	)	PUNCT
ftr-315	722	63	take	take	VERB
ftr-315	722	64	the	the	DET
ftr-315	722	65	gp	gp	NOUN
ftr-315	722	66	’s	’s	PART
ftr-315	722	67	tax	tax	NOUN
ftr-315	722	68	loss	loss	NOUN
ftr-315	722	69	into	into	ADP
ftr-315	722	70	account	account	NOUN
ftr-315	722	71	when	when	SCONJ
ftr-315	722	72	calculating	calculate	VERB
ftr-315	722	73	the	the	DET
ftr-315	722	74	“	"	PUNCT
ftr-315	722	75	after	after	ADP
ftr-315	722	76	-	-	PUNCT
ftr-315	722	77	tax	tax	NOUN
ftr-315	722	78	”	"	PUNCT
ftr-315	722	79	carry	carry	NOUN
ftr-315	722	80	(	(	PUNCT
ftr-315	722	81	d	d	NOUN
ftr-315	722	82	)	)	PUNCT
ftr-315	722	83	restructure	restructure	NOUN
ftr-315	722	84	the	the	DET
ftr-315	722	85	carry	carry	NOUN
ftr-315	722	86	as	as	ADP
ftr-315	722	87	a	a	DET
ftr-315	722	88	contingent	contingent	NOUN
ftr-315	722	89	fee	fee	NOUN
ftr-315	722	90	(	(	PUNCT
ftr-315	722	91	e	e	NOUN
ftr-315	722	92	)	)	PUNCT
ftr-315	722	93	conclusion	conclusion	NOUN
ftr-315	722	94	regarding	regard	VERB
ftr-315	722	95	the	the	DET
ftr-315	722	96	lps	lps	PROPN
ftr-315	722	97	’	'	PUNCT
ftr-315	722	98	response	response	NOUN
ftr-315	722	99	to	to	ADP
ftr-315	722	100	the	the	DET
ftr-315	722	101	clawback	clawback	NOUN
ftr-315	722	102	issue	issue	NOUN
ftr-315	722	103	b.	b.	PROPN
ftr-315	722	104	tax	tax	NOUN
ftr-315	722	105	distribution	distribution	NOUN
ftr-315	722	106	provisions	provision	NOUN
ftr-315	722	107	1	1	NUM
ftr-315	722	108	.	.	X
ftr-315	722	109	understanding	understand	VERB
ftr-315	722	110	tax	tax	NOUN
ftr-315	722	111	distributions	distribution	NOUN
ftr-315	722	112	2	2	NUM
ftr-315	722	113	.	.	PUNCT
ftr-315	722	114	increasing	increase	VERB
ftr-315	722	115	tax	tax	NOUN
ftr-315	722	116	distributions	distribution	NOUN
ftr-315	722	117	in	in	ADP
ftr-315	722	118	response	response	NOUN
ftr-315	722	119	to	to	ADP
ftr-315	722	120	increased	increase	VERB
ftr-315	722	121	tax	tax	NOUN
ftr-315	722	122	on	on	ADP
ftr-315	722	123	carried	carry	VERB
ftr-315	722	124	interests	interest	NOUN
ftr-315	722	125	3	3	NUM
ftr-315	722	126	.	.	PUNCT
ftr-315	722	127	sensitizing	sensitize	VERB
ftr-315	722	128	lps	lps	PROPN
ftr-315	722	129	to	to	ADP
ftr-315	722	130	the	the	DET
ftr-315	722	131	secondary	secondary	ADJ
ftr-315	722	132	effects	effect	NOUN
ftr-315	722	133	of	of	ADP
ftr-315	722	134	increasing	increase	VERB
ftr-315	722	135	the	the	DET
ftr-315	722	136	gp	gp	NOUN
ftr-315	722	137	’s	’s	PART
ftr-315	722	138	tax	tax	NOUN
ftr-315	722	139	distribution	distribution	NOUN
ftr-315	722	140	(	(	PUNCT
ftr-315	722	141	a	a	X
ftr-315	722	142	)	)	PUNCT
ftr-315	722	143	eroding	erode	VERB
ftr-315	722	144	the	the	DET
ftr-315	722	145	alignment	alignment	NOUN
ftr-315	722	146	of	of	ADP
ftr-315	722	147	incentives	incentive	NOUN
ftr-315	722	148	(	(	PUNCT
ftr-315	722	149	b	b	NOUN
ftr-315	722	150	)	)	PUNCT
ftr-315	722	151	altering	alter	VERB
ftr-315	722	152	additional	additional	ADJ
ftr-315	722	153	aspects	aspect	NOUN
ftr-315	722	154	of	of	ADP
ftr-315	722	155	the	the	DET
ftr-315	722	156	gp’s	gp’s	PROPN
ftr-315	722	157	/	/	SYM
ftr-315	722	158	lps	lps	PROPN
ftr-315	722	159	’	'	PUNCT
ftr-315	722	160	economic	economic	ADJ
ftr-315	722	161	relationship	relationship	NOUN
ftr-315	722	162	(	(	PUNCT
ftr-315	722	163	1	1	X
ftr-315	722	164	)	)	PUNCT
ftr-315	722	165	delaying	delay	VERB
ftr-315	722	166	the	the	DET
ftr-315	722	167	return	return	NOUN
ftr-315	722	168	of	of	ADP
ftr-315	722	169	capital	capital	NOUN
ftr-315	722	170	to	to	ADP
ftr-315	722	171	the	the	DET
ftr-315	722	172	lps	lps	PROPN
ftr-315	722	173	(	(	PUNCT
ftr-315	722	174	2	2	NUM
ftr-315	722	175	)	)	PUNCT
ftr-315	722	176	foregoing	forego	VERB
ftr-315	722	177	the	the	DET
ftr-315	722	178	opportunity	opportunity	NOUN
ftr-315	722	179	for	for	SCONJ
ftr-315	722	180	the	the	DET
ftr-315	722	181	fund	fund	NOUN
ftr-315	722	182	to	to	PART
ftr-315	722	183	reinvest	reinvest	VERB
ftr-315	722	184	the	the	DET
ftr-315	722	185	increased	increase	VERB
ftr-315	722	186	amounts	amount	NOUN
ftr-315	722	187	distributed	distribute	VERB
ftr-315	722	188	as	as	ADP
ftr-315	722	189	tax	tax	NOUN
ftr-315	722	190	distributions	distribution	NOUN
ftr-315	722	191	4	4	NUM
ftr-315	722	192	.	.	PUNCT
ftr-315	722	193	recommendations	recommendation	NOUN
ftr-315	722	194	for	for	ADP
ftr-315	722	195	fund	fund	NOUN
ftr-315	722	196	investors	investor	NOUN
ftr-315	722	197	regarding	regard	VERB
ftr-315	722	198	tax	tax	NOUN
ftr-315	722	199	distributions	distribution	NOUN
ftr-315	722	200	iv	iv	NOUN
ftr-315	722	201	.	.	PUNCT
ftr-315	722	202	conclusion	conclusion	NOUN