TheWeeIceMon wrote:I've been told that the proposal includes elimination of the "tax bomb." If it's true, I don't know how I managed to miss that part.
I'm very critical of any proposal to eliminate or reinstate tax bombs, because it would be pretty hard to make a reliance argument against the tax bomb. IMHO, the taxation of COD will be determined by the IRS 10 years from now (5 for some people) based on politics, revenue, and mathematics of the moment.
TLDR: IRS will do what it wants.