Blake, you are just absolutely, 100%, positively, and completely wrong. Where on earth did you come up with this idea. Sure hope you don't do your taxes yourself; or maybe you should to relieve the nations debt a little.
KMR has allowed us to participate in MLP's without current tax consequences in our otherwise taxable accounts. The fact that they pay quarterly distributions in stock allows for tax free status and it allows reinvestment which is what we do in both IRA's and taxable accounts.