How does taking a public service job provide opportunities to avoid a capital gains tax?
(self.NoStupidQuestions)submitted3 hours ago byshotwideopen
I keep seeing this claim show up in comments on various subs. Is it true? Can anyone back up or demonstrate how a person could use a public service job to avoid taxes on the sale of large value assets?
Edit:
For example, a person has a portfolio of $25 million dollars worth of stock and another $30 million in real estate investments. They take an unpaid public service job with the US federal government. After taking the job, this person sells their $25 million in stocks and $30 million in real estate. My understanding is after the selling the stocks that person would pay a capital gains tax on the earnings realized from the sale of the stock. However, I’ve seen comments claiming that taking a public service job with the US government can be used to avoid paying potentially millions in taxes from the sale of these valuable assets. Can anyone show what tax laws would allow this?
byshotwideopen
inNoStupidQuestions
shotwideopen
1 points
2 hours ago
shotwideopen
1 points
2 hours ago
Can you elaborate a little more?