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 chii on Tuesday May 10, 2022 @09:36AM (#31326952)

The business is hypothetical in the article, but the hypothetical is a software business, and is making money. So they didn't "just place people in some co-working spaces", they did work as employees and got paid, which brings in economic activity to a depressed region. Seems to be exactly what the tax break is intending.

This is much better a tax break than a city bidding for an amazon HQ with a custom tax break deal that they have to compete with other cities!

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Re:How to have a billion dollar exit with zero capital gains... by IanCal on Tuesday May 10, 2022 @06:24PM (#31333462)

> So they didn't "just place people in some co-working spaces"

It's quite literally what the article explains.

> they did work as employees and got paid, which brings in economic activity to a depressed region.

The regions are tiny, walkable across in the article. They're not bringing in workers to live, build a family and spend within a large metro area - they're "a space nearby a university". The economic activity brought in is a small number of employees buying some coffee, maybe lunch and then going home.

> Seems to be exactly what the tax break is intending.

You think that spend in co-working spaces is what the government wants to give up hundreds of millions of dollars for?

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