How to have a billion dollar exit with zero capital gains tax

Re:How to have a billion dollar exit with zero capital gains... by mellavora on Tuesday May 10, 2022 @04:01AM (#31324650)

My brother's life was paid for by taxes. Went to the ER with a headache, turned out to be a brain annurism leading to 2 8rh plus surgeries and a month in the hospital. Bill was paid out of Minnesota state taxpayers fund. Otherwise he would have been bankrupt for life -- and without the surgery that life would not have been long.

My wife's life was saved twice by tax-funded health care. Won't share details here.

I happen to enjoy quite a few government services. Like "roads".

I'm happy to pay taxes.

I don't always like the way they are spent. I also don't like everything about my job, and if I had a dog I could probably find things about it that I didn't like.

Life is compromise.

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Re:How to have a billion dollar exit with zero capital gains... by EdwardDiego on Tuesday May 10, 2022 @07:02AM (#31325626)

Bingo.

When I left home at 15, I got into crime, as no-one would hire a smelly homeless kid.

Then when I turned 16, I was able to get a social security payment for "independent youths". I wasn't living in the lap of luxury, but I could actually pay rent in a flat and buy food, without committing crime.

So now that I'm earning a very decent wage as a dev, paying my taxes is the very least I can do to contribute to a country that supported me when I needed it.

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Re:How to have a billion dollar exit with zero capital gains... by lukas099 on Tuesday May 10, 2022 @05:58AM (#31325266)

It makes sense that people who benefit disproportionately from social spending would be pro-social spending, and vice versa for people who pay disproportionately more into the system. It troubles me to see comments here acting like the rich are all sociopaths, when really, everybody rich and poor is generally going to favor what is in their own best interests.

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Re:How to have a billion dollar exit with zero capital gains... by karmakurtisaani on Tuesday May 10, 2022 @06:50AM (#31325552)

It troubles me to see apologist comments here for ultra wealthy tax avoidance.

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Re:How to have a billion dollar exit with zero capital gains... by lukas099 on Tuesday May 10, 2022 @10:33AM (#31327604)

Everybody avoids taxes to the maximum extent allowed. It is ubiquitous and expected.

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Re:How to have a billion dollar exit with zero capital gains... by karmakurtisaani on Tuesday May 10, 2022 @12:36PM (#31329119)

You can literally defend almost any action by the argument that they are just maximizing their gains. Clearly they are. Should we roll over and accept it?

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Re:How to have a billion dollar exit with zero capital gains... by MisterBastahrd on Tuesday May 10, 2022 @08:22AM (#31326206)

Well, it turns out that all conservatives and libertarians are VERY independently minded until they have a need that isn't covered by whatever the hell they're using to pull bootstraps with. Then suddenly they see a collective need for action for their particular issue.

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