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Tens of millions of people in the US rely on IRAs to save money tax-free for their retirement. And yet, the House Ways and Means Committee is now suggesting eliminating the ability of these IRA holders to invest their IRAs in the highest returning assets available; VC funds, private equity, and privatecompanies (page 689, section 138312).
Let’s talk about stock options that privatecompanies offer and go through the pros and cons of each. You join a great company with an even better culture. ISOs and NQSOs differ in how they are treated from a tax perspective at exercise and upon the disposal (sale) of the stock. Options can be worthless.
Seth is famous for his blogs. He's blogged on the internet. Since before blogging was cool, I'm not even sure blogging is still cool. He continues to blog every single day. It was August, in fact, August 2020 blog from Seth Godin. From this August 18, 2020 blog, you can look it up online.
Everything is a rule, the tax law is a rule. The name of your blog, Farnam Street, comes from Berkshire Hathaway's Omaha address. Shane Parrish: I've made a lot of different investments, from start ups to privatecompanies, to public companies. I sit on the board of a public company. The speed limits a rule.
This is roughly half of the amount invested in 2021 and highlights the reduced risk appetite for early stage privatecompanies. According to Pilot, an outsourced bookkeeping, CFO and tax services firm that works with thousands of startups, 57% of VC-backed startups have less than 18 months of runway.
I published what’s called a comment, so like a very short one about this great tax law case with this guy who like won the lottery and then wanted to get his lottery winnings treated as capital gains. You know, it was all this like structuring and like tax and legal and accounting stuff. Matt Levine : 00:03:44 You know, I did.
It's this moment where people want analytics and everything, five years post money ball, and the blog FiveThirtyEight kind of takes off. With sports put in now, you have one of the sites, Draft Kings proposing an additional tax where it takes back some of the money that states are taxing them and charges a surcharge for winning bets.
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