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by prostoalex
3411 days ago
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This opens a number of loopholes related mostly to income and estate tax avoidance. Shares of companies can be transferred to heirs for an arbitrary strike price and if they're never sold, there's no capital gain tax, no income tax and no estate tax liability generated. Rinse and repeat for multiple generations. AMT is a quick fix to allow the government to tax the transfer of assets per se. |
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