Quote:
Originally posted by taxwonk
You're forgetting about employment taxes and the fact that a huge chunk of the money in the funds is tax-exempt.
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See about 2/3 of the way through for exempt orgs - you're gonna figure a way to specially allocate those deductions, aren't you?
If this is really all about 1.5%, there's gotta be a better way.
Think you can figure out a way to give an interest in a start up entity to Manager cap fund cheap, because nothing is in start up entity, then enter into a 2% management fee deal with Manager employment corp, which of course is wholly separate, and then layer a preferred interest that takes 80% on top of that cheap start-up equity?
I have faith that you can structure around this one. Maybe there's some tax revenue while you figure it out.
