The article describes the use (and subsequent abuse) of the Qualified Small Business Stock (QSBS) exemption that has been in US tax code since the 1990s.
from the article: "The story of the tax break is in many ways the story of U.S. tax policy writ large. Congress enacts a loophole-laden law whose benefits skew toward the ultrarich. Lobbyists defeat efforts to rein it in. Then creative tax specialists at law, accounting and Wall Street firms transform it into something far more generous than what lawmakers had contemplated."
This is so true, and deserves to be more widely known.
7 comments
[ 4.1 ms ] story [ 24.5 ms ] threadWhat does "marquee" mean here?
Given the error was on your end, maybe they're doing just fine with their copyeditors and it's your grading that's the issue with your evaluation.
The article describes the use (and subsequent abuse) of the Qualified Small Business Stock (QSBS) exemption that has been in US tax code since the 1990s.
This is so true, and deserves to be more widely known.