A tax break aimed at small businesses has become a popular way for Silicon Valley founders and investors to avoid taxes on their investment profits.
Source: The Peanut Butter Secret: A Lavish Tax Dodge for the Ultrawealthy
what is it with accounting & sandwiches?
“Stacking has become so common that it has spawned other nicknames. One is “peanut buttering” — a reference to the ease with which the tax benefit can be spread among the original investor’s relatives.”
“Mr. Karachale, the San Francisco tax lawyer, said he jokes to clients that they should have more children so they can avoid more taxes. “It’s so expensive to raise kids in the Bay Area, the only good justification to have another kid is to get another” Q.S.B.S. exemption, he said.”
