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Wrong. He said he's going to eliminate capital gains taxes on startups not on startup investors. So if your startup buys stock in other companies and makes a
by dfranke 18y ago
Wrong. He said he's going to eliminate capital gains taxes on startups not on startup investors. So if your startup buys stock in other companies and makes a capital gain, it doesn't pay taxes on it. Hear recently of any startup doing such a thing? No, I didn't think so.
- Alex3917 18y ago"That’s why I’ve proposed eliminating all capital gains taxes on investments in small businesses and start-ups. And today, I’m proposing an additional temporary business tax incentive through next year to encourage new investments."
- dfranke 18y agoHmm. That and the PDF version of Obama's position statement suggest your interpretation. Obama's convention speech and the HTML version suggest mine. I wonder if he's even clear on the difference.