HabitableZone

Flame » in reply to Undervaluing assets is a common form of tax evasion

Did anybody read the damn article?

Romney helped found his company, just like Gates started Microsoft and Jobs started Apple.

A percentage of the stock of a new company with less than a dozen employees and almost no income is worth considerably less than when it becomes a multi-million dollar public company. Companies back in the day often handed out stock instead of decent wages. I've dealt with this in my own business life. I've paid taxes on founder's stock. It's income.

Ronald Wayne, another founder at Apple, sold ten percent of that company for $800. It would be worth $22 billion today.

Is any of this sinking in?

Log in or register to post.

The whole thread (19 posts)

Related discussions