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Haven’t there been tax holidays in the past where gains can be realized at a much lower rate so with this level of wealth it is worth putting it off just in cas
by dwighttk 5y ago
Haven’t there been tax holidays in the past where gains can be realized at a much lower rate so with this level of wealth it is worth putting it off just in case one of those rolls around again?
(Or is that just an urban legend I’ve been told?)
- wmf 5y agoYeah, there's a definite asymmetry between billionaires with 30-50 year horizons and politicians worrying about 4-8 years.
- jeremy_arnold 5y agoI know they happen for offshore wealth getting repatriated. Possible that they've existed for onshore too? Interesting thing to look into. But even if so, that just seems a vanilla case of "Congress should be held accountable to not give away the farm", as it would be a pretty perverse incentive if the rich felt that such a holiday were likely to arise.
- midasuni 5y agoThe rich can pay for such a holiday
- Tehdasi 5y agohttps://www.nytimes.com/2018/01/17/technology/apple-tax-bill-repatriate-cash.html https://www.nytimes.com/2018/01/17/technology/apple-tax-bill... Not for individuals, but when you are a high net worth individual, it's all the same.