QSBS Expert

Tax optimization isn't easy....it just feels that way when it's automated.

Unlock millions in gains on the CapGains platform.

[krichless @KyleRichless]

@semil for anyone unsure whether their 🦄 may be eligible for the favorable tax treatment

To unlock “QSBS unicorn” status (thx @semil for coining a winning term 😁)

@QsbsExpert … validating, documenting, managing, supporting tripwires etc

[QSBS Expert @QsbsExpert]

https://t.co/TEkhuvnUlp

@POTUS 's #BBB Lends Helping Hand to China, Cuts Support for U.S. Small Businesses

Congress should reject anti-innovation, job-killing tax hikes

thx to @nvca @Sfang74 @ajcimino @naval @AngelList @JessicaRKarr & others for their attn here

#defendQSBS

[QSBS Expert @QsbsExpert]

https://t.co/TEkhuvnUlp

@POTUS 's #BBB Lends Helping Hand to China, Cuts Support for U.S. Small Businesses

Congress should reject anti-innovation, job-killing tax hikes

thx to @nvca @Sfang74 @ajcimino @naval @AngelList @JessicaRKarr & others for their attn here

#defendQSBS

[AngelList @AngelList]

QSBS is an important law that helps small businesses create new jobs.

The BBB bill that the House passed has essentially eliminated it.

We’ve reached out to the U.S. Senate to try and preserve it.

Can you help?

[krichless @KyleRichless]

@ceonyc @brentgrinna @ceonyc should we pull the rug out from underneath that engineer--who is now taking 1/4 the salary they made at Facebook--trying to defy the odds on a startup (so VCs like you can cash out),

do you realize saved money from curtailing QSBS = less than 1% of the BBB

[krichless @KyleRichless]

@ceonyc @brentgrinna how many exited founders/employees recycle their capital (and thus expertise/guidance/time) back into the startup ecosystem **ONLY** because of 1045 Rollovers (QSBS)

you don't realize how 1202 frequenly tips the scales for talent considering leaving BigTech for risky upstarts?

[AngelList @AngelList]

QSBS has worked tremendously well: Over 60% of investment dollars that qualify are now outside the tech hubs of the Bay Area and New York.

[QSBS Expert @QsbsExpert]

@mttgrmm to that point,

kudos to @naval for having the courage to attach his name to efforts to preserve QSBS in its present form

...rather than shying away from doing so like so many in Tech (who are weary of the twitter mob unjustifiably attacking them as a "tax avoider")

[QSBS Expert @QsbsExpert]

3/

And a lot of it is congressional confusion around who really benefits from the QSBS treatment (and lack of knowledge re how it helps startups recruit talent away from big companies)

& folks conflating intentional tax incentives (OZs, QSBS etc) with "loopholes for the rich"

[QSBS Expert @QsbsExpert]

1/

The $50m gross asset threshold includes Founders & Investors well beyond seed

IMO the issue is more so that folks see how the pitchforks come out for the RiCh fOlKs wHo dOnT pAy ThEiR fAir sHaRe!!

And folks are weary of being attacked by the mob (who misunderstands QSBS)

[Brent Grinna @brentgrinna]

@mttgrmm They’d rather let QSBS go than increase focus on carried interest, cap gains or inheritance. The QSBS lobby is nonexistent except for some good work by @AngelList, @cartainc and @QsbsExpert. It only applies to the very early stage community.

[QSBS Expert @QsbsExpert]

2/

The shame of it all,

is early-stage employees--who were incentivized by QSBS to leave their job as a FAANG engineer to make a 1/4 of the salary at a risk upstart--are getting the rug pulled out from under them

And we're signaling they're better off staying at Facebook🤮

[QSBS Expert @QsbsExpert]

@naval @kurtbuilds @AngelList a common-sense compromise would be to keep the exemption level at 100% for 1045 rollovers

I.e. when a QSBS-holder recycles exited gains back into risk-capital for a **2nd time** such that a different co. can benefit from the funds/experience

@RepRichardNeal @RepJohnYarmuth

[Jessica Karr @JessicaRKarr]

Not all Private Equity is big greedy hedge funds! Shout out to @rednieves on @business today discussing why changes to the QSBS taxes would harm innovation and diverse / emerging fund managers. @global_transact https://t.co/joUxIkjIHQ (segment 12:25)

[Jessica Karr @JessicaRKarr]

A 🧵 to explain Carried Interest, and why emerging fund managers should be rewarded for funding innovation, and why changes to #QSBS tax law will be harmful. ⬇️

[Kara Nortman @karanortman]

M&A is a deeply personal question. It’s as much about your business as it is your personal goals.

Whatever you do, don’t go through this alone.

Talk to your Board, Advisors and Founder peers.

But most importantly, trust your instinct.

There's a reason you're the Founder.

[QSBS Expert @QsbsExpert]

https://t.co/I6HMsVyOSF

[AngelList @AngelList]

QSBS is an important law that helps small businesses create new jobs.

The BBB bill that the House passed has essentially eliminated it.

We’ve reached out to the U.S. Senate to try and preserve it.

Can you help?

[QSBS Expert @QsbsExpert]

@naval @kurtbuilds @AngelList what's also lost in the shuffle:

QSBS is a key way startups recruit top talent away from BigTech & Wall St

these folks often take 30-50% paycuts to join a risky upstart-all for the hope of a future payday if they beat the long odds.

the QSBS incentive helps to tip the scales

[Naval @naval]

@kurtbuilds @AngelList Because of the way it's written, it'll be 70% eliminated (it refers to an old cap gains rate of 28% on the remaining 50%). And it's retroactive to investments already in flight.

[AngelList @AngelList]

QSBS is an important law that helps small businesses create new jobs.

The BBB bill that the House passed has essentially eliminated it.

We’ve reached out to the U.S. Senate to try and preserve it.

Can you help?

[QSBS Expert @QsbsExpert]

https://t.co/rgHX1njMG4