Comment from Fabio Gaertner and Jeffrey Hoopes

Summary: Professors from the University of Wisconsin–Madison and the University of North Carolina at Chapel Hill are urging the Treasury to adjust the calculation of Adjusted Financial Statement Income (AFSI) to reflect the tax treatment of share-based compensation under Section 83. They argue that the current book-tax difference is a mechanical mismatch in measurement dates rather than a tax preference, and they advocate for a conforming adjustment similar to those already implemented for other items.