Given the exit tax, am I the only one who sees this as a risky move?
From what I can tell, he's going to have to pay 30% taxes on his unrealized facebook gains. As opposed to 15% long term capital gains. Yeah, it's not publicly traded so they can screw with the valuation, but how will the government take that given liquidity is just around the corner? I'm not an accountant, but this seems like type of scheme that fortunes are lost on. Anyone else more informed have an opinion on the likelihood of him getting screwed over this?
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Given the exit tax, am I the only one who sees this as a risky move?
From what I can tell, he's going to have to pay 30% taxes on his unrealized facebook gains. As opposed to 15% long term capital gains. Yeah, it's not publicly traded so they can screw with the valuation, but how will the government take that given liquidity is just around the corner? I'm not an accountant, but this seems like type of scheme that fortunes are lost on. Anyone else more informed have an opinion on the likelihood of him getting screwed over this?