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Re: FSF taking money from outsourcers

From: Christopher Browne
Subject: Re: FSF taking money from outsourcers
Date: 30 Apr 2004 14:54:44 GMT

Stefaan A Eeckels <> wrote:
> On 29 Apr 2004 17:52:40 GMT
> Christopher Browne <> wrote:
>> Supposing I own a "holding company," which has income of $500K/year
>> coming in, and I can personally afford to live on $100K/year, then
>> I could avoid taxes on the $400K/year just about indefinitely by
>> not bothering to pay it out.
> But the value of the shares would go up commensurately, and this
> would also be taxed, requiring a payout so that the shareholders
> have the funds to pay their taxes. Plus you could have a fortune
> tax, like we have here in Luxembourg.

No, that would _not_ be taxed, unless someone sold their shares.

There is no taxable event in "the value of the shares going up."
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