Zeev's Turnips Patch-No Politics (ZEEV)

[klono]

Zeev Hi,
I registered with I-Hub simply to commend your extremely insightful post. Your analysis, as well as your remedy was right on. Most people in a position to effect such a change are ignorant of one or both of the components of the problem/solution (eventhough they are not complex in nature). That is to say they do not understand the technical aspects of the tax code or the Gates, Dell, etc. exercise options, sell millions of shares of long-term holdings at market (capital gains), then use the cash in the Corp to buy on the open market so as to prevent dilution.
For your information, an LLC can elect to be taxed as a partnership, C corp, or an S corp if they qualify.
The AMT is a disgrace (jmho).
Ready the Bastille!

klono