How to have a billion dollar exit with zero capital gains tax
1–10 of 305 posts
Re: How to have a billion dollar exit with zero capital gains tax
#2Is this really what people strive for in the USA. To avoid contributing anything back to the country that helped them achieve everything they've ever wanted?
Re: How to have a billion dollar exit with zero capital gains tax
#3Is this really what people strive for in the USA. To avoid contributing anything back to the country that helped them achieve everything they've ever wanted?
Yes. The "privatize gains, socialize losses" thing isn't just an empty meme, it's a legitimate (read: "not strictly illegal") and highly profitable strategy.
Re: How to have a billion dollar exit with zero capital gains tax
#4Is this really what people strive for in the USA. To avoid contributing anything back to the country that helped them achieve everything they've ever wanted?
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Re: How to have a billion dollar exit with zero capital gains tax
#5Is this really what people strive for in the USA. To avoid contributing anything back to the country that helped them achieve everything they've ever wanted?
it's not completely free money - you have to invest in qualified funds/businesses, which is located in areas of low economic opportunity that the gov't wants to incentivize businesses to start operating in.
This is effectively a tax incentive to open new businesses in these somewhat remote and low-income areas. I dont think it's a bad thing if it does indeed encourage job creation and economic activity in those areas that otherwise would've stagnated.
Re: How to have a billion dollar exit with zero capital gains tax
#6Is this really what people strive for in the USA. To avoid contributing anything back to the country that helped them achieve everything they've ever wanted?
The government is not a charity. If they have deemed something to be non-taxable, it's because the government (and by extension, the people it represents) want to incentivize that particular activity, in this case investing in economically depressed areas.
If at some point we no longer want to incentivize that behavior, the government can simply remove the tax break. Moralizing about how people shouldn't engage in the behavior that the government is encouraging them to by offering tax incentives is beyond useless.
Re: How to have a billion dollar exit with zero capital gains tax
#7This is gross.
Re: How to have a billion dollar exit with zero capital gains tax
#8Is this really what people strive for in the USA. To avoid contributing anything back to the country that helped them achieve everything they've ever wanted?
I'd like to hear your thoughts on countries that don't even have capital gains tax
Re: How to have a billion dollar exit with zero capital gains tax
#9Is this really what people strive for in the USA. To avoid contributing anything back to the country that helped them achieve everything they've ever wanted?
I'd like to hear your thoughts on countries that don't even have capital gains tax
I'll let you take an educated guess on my position...
Re: How to have a billion dollar exit with zero capital gains tax
#10Is this really what people strive for in the USA. To avoid contributing anything back to the country that helped them achieve everything they've ever wanted?
The government is not a charity. If they have deemed something to be non-taxable, it's because the government (and by extension, the people it represents) want to incentivize that particular activity, in this case investing in economically depressed areas. If at some point we no longer want to incentivize that behavior, the government can simply remove the tax break. Moralizing about how people shouldn't engage in th…
Or...the government is corrupt and used by the wealthy to write loop holes that allow them to escape paying taxes.