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Then the company can pay out salary for him to pay those taxes. Then he can continue to be owner without selling shares. Changes in law often result in change
by grayfaced 5y ago
Then the company can pay out salary for him to pay those taxes. Then he can continue to be owner without selling shares.
Changes in law often result in changes to how companies operate, they're not forced to stick with status quo.
- fallingknife 5y agoMost of these billionaires are founders of companies that were worth many billions of dollars before they ever turned a profit. There is no option just to pay out the cash to cover the gains tax.
- grayfaced 5y agoI don't really see a problem. There would just be a new equilibrium. Pay salary->increased burn->lower valuation. The valuations are mostly detached from reality currently, it would bring it more in line.