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An alternate way to handle it would be to pass a law saying the IRS must accept payment in-kind for taxes on in-kind payments. I.e., the IRS can make up whateve
by yummyfajitas 12y ago
An alternate way to handle it would be to pass a law saying the IRS must accept payment in-kind for taxes on in-kind payments. I.e., the IRS can make up whatever valuation they want but you have the option to pay them in snapchat shares.
- zaroth 12y agoNow that would be the day! :-) "You owe $15 million in taxes on those Snapchat shares that just vested." "You say we're worth $3 billion? Fine, here, have some shares!" "Oh, oh, what? No revenue? Yeah, your shares are worth shit!" "So what about the tax bill?" "Yeah, pay up in cash, or as they say in Monopoly..."