3 ms·
You are assuming that you know $a. You don’t know $a for shares of stock in a pre-IPO company. That’s why FMV and 409A matter here. They allow us find $a in a
by hkhanna 6y ago
You are assuming that you know $a. You don’t know $a for shares of stock in a pre-IPO company.
That’s why FMV and 409A matter here. They allow us find $a in a way that’s acceptable to the IRS. We are talking about taxes, after all.
- cltby 6y ago$a is arbitrary. It doesn't matter how you arrived at it. As long as you provide a reasonable assessment to the IRS, pg's original point (which you objected to) is completely correct: an f% wealth tax is an f% seizure of your shares. And if you object that you can just lowball that assessment; well yes, and by the way you've just conceded nearly every point made by opponents of the wealth tax.