Quote:
Originally Posted by reckless
Yes, imo, by never selling the Treasurys he could defer the tax.
And, despite the paltry interest rates of recent years, one could still receive piles of steady safe interest income if he own millions upon millions worth of these T-Notes and T-Bills as we assume he does.
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Yes he could defer the tax but he could have also deferred the tax on his stock by not selling. Forcing a public servant to divest holdings and then hitting them with a huge immediate tax bill is not fair. Hence the deferral law.
If Tillerson was allowed to keep his stock he would have benefited by many more millions than the paltry return on Treasuries.
