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Too bad they closed a bit too late. The proposed tax plan now has QSBS benefits limited to 50% of gain (vs 75% or all) if AGI is > $400k. Those founders will be happy, but not as happy as would have been a day or two ago.

https://www.brownadvisory.com/us/theadvisory/qsbs-tax-exempt...

https://news.bloombergtax.com/daily-tax-report/bidens-propos...

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QSBS caps at $10m. That's a drop in the bucket, relatively speaking.

If Ben and Dan split it 50/50, that's $6b each and they would each be looking at $1.2b in capital gains tax.

It is up to $10 million or 10x your tax basis. Also, double that if you are married. More if you gift to children. Hopefully their bootstrapped funding has been carefully crafted to track tax basis!

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