Zion Oil & Gas Inc (ZNOG): I have a thought on why he would gift th...

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Re: JRyan post# 19637

Monday, 07/09/2018 7:18:46 PM

Monday, July 09, 2018 7:18:46 PM

I have a thought on why he would gift those shares now:

If you haven't looked up the gift tax scheme in the US, it's horrendously stupid. You are limited to gift $15,000 per year without having to pay taxes on that gift. After that, the gift GIVER must pay taxes on the gift given, up to 40% of the gift.

So it could be that Mr. Carrillo is giving stock gifts at $4/share in order to minimize the tax burden. It would be a smart thing to do prior to a huge jump in share price.

Just a thought. If true, I hope it doesn't get him in trouble with the IRS in the near future

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