gnu-misc-discuss
[Top][All Lists]
Advanced

[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: FSF taking money from outsourcers


From: Christopher Browne
Subject: Re: FSF taking money from outsourcers
Date: 30 Apr 2004 14:54:44 GMT

Stefaan A Eeckels <address@hidden> wrote:
> On 29 Apr 2004 17:52:40 GMT
> Christopher Browne <address@hidden> wrote:
>
>> Supposing I own a "holding company," which has income of $500K/year
>> coming in, and I can personally afford to live on $100K/year, then
>> I could avoid taxes on the $400K/year just about indefinitely by
>> not bothering to pay it out.
>
> But the value of the shares would go up commensurately, and this
> would also be taxed, requiring a payout so that the shareholders
> have the funds to pay their taxes. Plus you could have a fortune
> tax, like we have here in Luxembourg.

No, that would _not_ be taxed, unless someone sold their shares.

There is no taxable event in "the value of the shares going up."
-- 
wm(X,Y):-write(X),write('@'),write(Y). wm('cbbrowne','acm.org').
http://www.ntlug.org/~cbbrowne/unix.html
"I don't plan to maintain it, just to install it." -- Richard M. Stallman


reply via email to

[Prev in Thread] Current Thread [Next in Thread]