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As to the tax-free sale, unless I misunderstand, this is extremely limited and far from "often". Few people will ever have the opportunity, it occurs once in
by AjithAntony 13y ago
As to the tax-free sale, unless I misunderstand, this is extremely limited and far from "often". Few people will ever have the opportunity, it occurs once in a lifetime, and it is offered as compensation for the forced liquidation of one's entire stock portfolio to become a public servant.
- spikels 13y agoYes you get to sell all your stock in one company and buy a diversified portfolio. Maybe you haven't heard but diversification is good. And NOT FREE for everyone else. Do you understand the value of this? In my view everyone should be able to do this under the ancient English law principle of like-kind exchange. But in the US today it is "special people" only. To recap: Why are you taxed for something? Because they can tax you. There are no principals just opportunity. Much like why did your car get broken in to. Because they can.