A Lavish Tax Dodge for the Ultrawealthy Is Easily Multiplied

nytimes.com

30 points·thrwn_frthr_awy··6 comments

from the article: "The story of the tax break is in many ways the story of U.S. tax policy writ large. Congress enacts a loophole-laden law whose benefits skew toward the ultrarich. Lobbyists defeat efforts to rein it in. Then creative tax specialists at law, accounting and Wall Street firms transform it into something far more generous than what lawmakers had contemplated."

This is so true, and deserves to be more widely known.

No paywall version: http://archive.today/2021.12.29-072341/https://www.nytimes.c...

The article describes the use (and subsequent abuse) of the Qualified Small Business Stock (QSBS) exemption that has been in US tax code since the 1990s.

> some of Silicon Valley’s marquee start-ups — including Uber, Lyft, Airbnb, Zoom, Pinterest and DoorDash

What does "marquee" mean here?

famous - the marquee is the signage outside of a theatre where the title and stars of a performance are listed.

I assumed it was "marque," as in recognizable brand, both misspelled and misused. NYT can't seem to afford copyeditors these days.

> I assumed it was "marque," as in recognizable brand, both misspelled and misused. NYT can't seem to afford copyeditors these days.

Given the error was on your end, maybe they're doing just fine with their copyeditors and it's your grading that's the issue with your evaluation.

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