ilmscore | Prediction Details
"when they are appointed to their position they're allowed to sell their conflicts of interest and pay no taxes at all imagine you owned a ton of McDonald's stock but you were starting to work for Burger King soon well in this case it looks like a conflict of interest for you to own your competitor's stock so you're given the option to divest or sell out of your McDonald's stock now if you're a normal person then you have to pay capital gains taxes on that sale assuming you made money on it right but if you're a Cabinet member you are given the option to sell whatever you want it doesn't necessarily have to be some conflict of interest just whatever you want and as long as you take that money and reinvest it into certain money market funds or treasury bonds which are considered some of the safest Investments anyone can make you can defer those taxes until you sell those assets"
By Andrei Jikh | March 11, 2022 | Pending
From video
HOW INSIDERS JUST MADE MILLIONS 00:09:41 - 00:10:26
Interpreted Prediction
Cabinet members can sell stocks, even if not direct conflicts of interest, and reinvest the proceeds into money market funds or treasury bonds to defer capital gains taxes indefinitely.

Prediction Details

Topic
Cabinet Member Tax Deferral on Divestment

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