Idiotic thing about Ryan's zero % capital gains tax is, like Switzerland, it would destroy innovation making stock options unworkable.
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@davewiner because you're forced to tax at point of grant, to avoid unworkable loopholes due to zero tax on sale. -
@daveg -- interesting. i guess the govt considers that at some point you got something of value. (which is true.) - Show replies
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@davewiner e.g. late facebook employees would receive a tax bill for a net loss. Zero capital gains favors old money rather than new. -
@daveg -- "old money" in the US are the people who own the Republican Party.
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