All small businesses that have owned their property for years and want to sell just had their long term gains taxes double if this shit ever passes. This is outrageous.
All small businesses that have owned their property for years and want to sell just had their long term gains taxes double if this shit ever passes. This is outrageous.
I went back and read it after I sent it. Yup I missed the last line. Lol! Triggered because this tax would hit me hard as I liquidate assets in my old age.
I went back and read it after I sent it. Yup I missed the last line. Lol! Triggered because this tax would hit me hard as I liquidate assets in my old age.
Capital Gains are stupid taxes - my wealth created wealth, the government helped zero with that!
Capital Gains are stupid taxes - my wealth created wealth, the government helped zero with that!
There will probably be some kind of work around along the lines of take out a loan from someone who wants to buy the business, for the value that you want to sell it, and then assign them the shares as collateral. "Default" on the loan and then the new owner "repossess" the shares.
There will probably be some kind of work around along the lines of take out a loan from someone who wants to buy the business, for the value that you want to sell it, and then assign them the shares as collateral. "Default" on the loan and then the new owner "repossess" the shares.
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