Comments on: Obama proposes no capital gains tax on qualified small business stock

By: nevillegovender

nevillegovender — Wed, 24 Feb 2010 03:41:26 +0000

I see health companies are excluded from capital gains exemption. This would mean home health care agencies I presume?

This sure would be a good reason to expand but will not help our industry if health care companies are excluded.

By: Mike

Mike — Sun, 07 Feb 2010 18:54:31 +0000

I assume there will be more details on this next week. Interesting that it dates back to May 09 and maybe even before.

We are small sub-prime auto finance business actively seeking investment. Sounds like we would be excluded from taking advantage of this.

A real shame as we have a potential investor who would jump on opportunity to avoid capital gains tax.

By: Cayla

Cayla — Mon, 01 Feb 2010 07:20:00 +0000

Really? Because to me it sounds like although you may not be an “investor”, those that are will help stimulate small business growth, which in turn will create jobs and wage increases to YOU.

By: Yokum

Yokum — Tue, 22 Sep 2009 22:20:21 +0000

@Joe – it sounds like your stock isn't issued yet.

By: Yokum

Yokum — Tue, 22 Sep 2009 16:20:21 +0000

@Joe – it sounds like your stock isn't issued yet.

By: Joe

Joe — Fri, 18 Sep 2009 23:50:34 +0000

Hi – I incorporated at the end of 2006 in New York, however no stock has been issued yet. I plan to issue stock to my partners at the end of this year. Does that count for “small business stock issued after feb. 17, 2009?” thanks for your help!

By: Yokum

Yokum — Thu, 13 Aug 2009 03:29:19 +0000

No update.

By: Dave

Dave — Wed, 12 Aug 2009 20:33:30 +0000

What is the status of this proposal ?

By: Tiberius

Tiberius — Fri, 15 May 2009 14:59:07 +0000

Why all the exclusions from the definition of a qualified small business under this statute? What is really left? Also @Andy Freeman — I agree that there is a major problem with the current laws against private investment in small businesses that exclude non-accredited investors. Something needs to change on that front as well.

By: Andy Freeman

Andy Freeman — Thu, 14 May 2009 13:06:41 +0000

Note that this proposal does not provide any direct benefit to most of us because we're not accredited investors. As a result, we can't buy stock in most small biz without founding said small biz, working for it, or being related to a founder.