Monday, July 09, 2018 7:18:46 PM
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
FEATURED CBD Life Sciences, Inc. (CBDL) Reaches Unprecedented Heights With Explosive Growth and Strategic Expansion in 2024 • Oct 8, 2024 8:00 AM
BNCM COMPLETES MERGER WITH DELEX HEALTHCARE • BNCM • Oct 8, 2024 9:54 AM
Unitronix Corp. to Invest $3 Million in USA Unity Coin Project • UTRX • Oct 7, 2024 7:08 AM
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM