Who died and left the US $7B?

Re:Who died and left the US $7B? by eastbound on Wednesday October 09, 2024 @01:35AM (#41784808)

So you create a startup.

- The first year it has 10k€ ARR.

- So it is worth 100k€. You must my pay 30k€ in capital gains taxes.

Like this, every year? Every time it has more revenue, it multiplies its future worth, therefore multiplies it FMV, therefore you must pay the CG on the multiple of your income?

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Re:Who died and left the US $7B? by cperciva on Wednesday October 09, 2024 @01:39AM (#41784830)

Only if there is a "deemed disposition". Which in most cases happens when the owner dies.

You probably don't need to worry about this happening multiple times.

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