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Let's tax capital gain same as revenue and change the tax regulation for foundations (my wife is in this business and her blood is boiling with what she sees) a
by IdontRememberIt 6y ago
Let's tax capital gain same as revenue and change the tax regulation for foundations (my wife is in this business and her blood is boiling with what she sees) and let's see how Bezos, Buffet, Gates, etc. will react...
- yellowyacht 6y ago> change the tax regulation for foundations (my wife is in this business and her blood is boiling with what she sees) What are some of the issues your wife has seen here?
- IdontRememberIt 6y agoLet's simply say that for most foundations its only real purpose is to lower someone's tax bill and the most efficient way to transmit assets to one's kids. The name of this financial structure is so misleading. Honestly I find it fascinating from the PR/Marketing side.
- gruez 6y ago>Let's tax capital gain same as revenue So if a startup grows from a $1M valuation to $100M valuation they should be taxed on the $99M? That sounds like a great way to kill entrepreneurship and venture capital.
- catmanjan 6y agoI guess that's why people won't work harder to earn higher wages to avoid additional tax, wait, they do!
- gruez 6y agoThe point is that when investors are faced with the choice between investing in a incumbent (ie. "safe" company with limited growth potential) and challenger (high risk companies with high growth potential), such a tax would heavily favor incumbents because incumbents wouldn't be subject to the tax but the challenger would.
- IdontRememberIt 6y agoMany countries have exceptions to encourage entrepreneurship like the one you are mentioning. Issues are borderline capital gain strategies to avoid revenue gain.