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A comment on Patagonia founder gives away the company. Parent comment

Re:Patagonia founder gives away the company by spywaregorilla on Wednesday September 14, 2022 @06:10PM (#32844113)
Our tax law definitions of fair market value are sufficient that I think this is a non critical issue.
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Re:Patagonia founder gives away the company by sokoloff on Wednesday September 14, 2022 @06:20PM (#32844209)
You don’t think that before the Constitutional Amendment to allow taxation of wealth is ratified that there will be 1000s of CPAs and attorneys looking for loopholes?

GRATs and IDGTs will look like quaint children’s toys compared to the schemes invented to receive the benefit without formally having $10^9 of net worth.

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Re:Patagonia founder gives away the company by spywaregorilla on Thursday September 15, 2022 @06:41AM (#32849808)
> You don’t think that before the Constitutional Amendment to allow taxation of wealth is ratified that there will be 1000s of CPAs and attorneys looking for loopholes?

Sure

> GRATs and IDGTs will look like quaint children’s toys compared to the schemes invented to receive the benefit without formally having $10^9 of net worth.

Well good luck then.

[ Parent | on HN ]