42 ms·
A twitter reply says this: > I think everyone needs to read the bill and calm down. "Gains on private assets -- including harder-to-value assets like real esta
by belltaco 5y ago
A twitter reply says this:
> I think everyone needs to read the bill and calm down.
"Gains on private assets -- including harder-to-value assets like real estate, art and private companies -- would escape the annual levy, and only be taxable when sold. "
So this wouldn't have even applied to Epic Games?
- missedthecue 5y agoThat's really just another reason not to like it. It's a massive disincentivize to go public, because as described, everyone's stake will get whittled down to zero by this tax over time.