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Wish I had responded sooner to continue the discussion... If I sell, it would be capital gains taxes for an individual (me) who owns the business, not capital

by ericb 18y ago

Wish I had responded sooner to continue the discussion... If I sell, it would be capital gains taxes for an individual (me) who owns the business, not capital gains for the small business, so maybe I'm still misunderstanding what is intended.

zach 18y ago
No problem. All gains for small businesses are capital gains. Treating capital gains (as opposed to wages) differently is a characteristic of personal income tax. So I think they were referring only to individual investment in small business. The way the document is written is a little creaky, so it does seem to suggest what you thought it did, that there are "business capital gains" that businesses pay a special rate on.