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A tax on personal unrealized capital gains will not take away any money from the company. It's privately-held, and has no effect on a company's balance sheet.
by ameetgaitonde 5y ago
A tax on personal unrealized capital gains will not take away any money from the company. It's privately-held, and has no effect on a company's balance sheet.
- WalterBright 5y ago> no effect on a company's balance sheet Selling masses of stock to pay the tax will push the value of the stock down. That has a large effect on the company's ability to raise capital. As for the entrepreneur, he'll have much less capital to invest. It's a fantasy that one can extract endless billions from a company and its investors without consequences.