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Unlikely Group of Billionaires&Politicians Create Most Unbelievable Tax Break
- ec109685 8y agoThe highest capital gains is 20%, so while reducing your tax rate by 20% is very significant, I am not sure the gains qualify as “unbelievable”: > For venture firms, which tend to make many small, risky bets with the hope that a few will be blockbusters, backing O-zone startups can carry unbelievable gains. Under the law, VCs can plow returns into opportunity funds, deferring taxes and setting the stage for a future tax-free windfall
- viburnum 8y agoThis article didn't get to the point before I bailed, but enterprise zones were a gimmick back in the 80s. Jack Kemp was big on it.