Micro1> She wants to move it from 1 year on holding investments to realize 100% tax free when you sell to 6 years now.
Strange,
I'm pretty sure that 'long term capital gains' are
taxed at the lower of 20% or ones nominal income tax
rate. Not 100-% tax freee.
(Unless maybe one is a friend of obonzo . . . one year
I got ahold of a tax form that had extra blocks - not
explained in the tax books. I sent a letter to my
douche-bag congress critter accusing him of allowing
thieves and 'friends of obonzo to have a means of
taking 'secret deductions' . . .)
I did find this:
Attention, Angel Investors: You Have Until Jan. 1 To Lock In 100% Tax-Free Capital Gains On Startup Stock
https://techcrunch.com/2011/12/13/angel-investors-tax-free-capital-gains-startup-stock/
Angel investing has been on the rise over the past few years (see Crunchbase chart below), and this year is no exception. A quirk in the tax laws is helping. Any “qualified small business stock” purchased between September 27, 2010 and January 1, 2012 and held for at least five years is 100 percent exempt from capital gains. After January 1, the tax exemption reverts to the normal 50 percent.
So individual angel investors have a huge incentive to invest in startups before January 1 (if they plan on holding onto the stock for at least 5 years). If you are a startup raising an angel round and your investors are rushing you to get it done before the end of the year, now you know why.
The tax exemption is a result of the Small Business Jobs Act of 2010.
>>>
(Article does continue.)
Zim.
Mad Poet Strikes Again.
| 
