I love the tax problem here. If, when you trade something, you presume that they are of roughly equal value, then, in essence, the house he ended up getting is worth a paperclip. When he sells it, if he were to sell it, he would have a realized gain of everything.
1 comment:
I love the tax problem here. If, when you trade something, you presume that they are of roughly equal value, then, in essence, the house he ended up getting is worth a paperclip. When he sells it, if he were to sell it, he would have a realized gain of everything.
Boy, I need to get out more.
Post a Comment