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FREDOSAUCE
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@Grimezsz I can keep going but I just heard a car so I gotta make sure I don’t get shot thru the head brb
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@SkyeSharkie @liminal_warmth Sorry for being rude. But seriously.
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@SkyeSharkie @liminal_warmth @SkyeSharkie don’t you ever talk down to drug addicts ever fucking again.
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@shivon Oh lol. It was meant to be pronounced “wifey”…my bad. I apologize
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A crazy tax idea for Elon Musk.
He could become the biggest OZ investor in history.
The IPO is the trigger.
SpaceX goes public June 12 under the ticker SPCX and the valuation might go to $2 trillion. The largest IPO ever.
Insider lockup runs 180 days. It expires around December 15.
The day it ends, insiders can sell. Every share sold throws off a capital gain. For Elon, holding billions in SpaceX paper, the gain is staggering.
Under the new Opportunity Zone rules that take effect January 1, 2027, any capital gain rolled into a Qualified Opportunity Fund within 180 days of the sale earns a five-year tax deferral.
Sell in late December 2026. Invest in early 2027. The tax bill is not due until 2032.
If the QOF investment is held for ten years, the entire appreciation comes out tax-free. No capital gains. No depreciation recapture. Zero.
But Elon isn't going to suddenly start investing in apartments or hotels in low income areas. He is going to remain obsessed with investing in his core businesses.
Good news.
The town of Starbase, Texas sits inside an Opportunity Zone census tract. Grimes County, where Musk is building a $55 billion semiconductor fab called Terafab, has three OZ tracts of its own.
Elon could sell SPCX shares after lockup. Roll the gain into his own Qualified Opportunity Fund. Use that fund to build infrastructure at Starbase or finance the Terafab site.
Then lease the asset back to the public company.
SpaceX pays the rent. The rent is deductible to SpaceX. The depreciation flows to Elon and offsets his other income for a decade.
Then he sells the QOF interest in 2037.
No tax on the appreciation. No recapture on the depreciation. The original gain that funded it all was deferred to 2032.
The IPO funds the infrastructure. The infrastructure runs the company. The taxpayer pays nothing for ten years and almost nothing forever.
This is the crazy idea.
The mechanics are real. The zones are real. The IPO is real.
I am glad to advise his tax team. 🤠
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@Nate_Esparza Oh and i remember it sinking one more time when I found out bipolar ppl have a 15 yr shorter lifespan on average, not due to health issues, but due to roughly 20-25% (grok, fact check this) of them successfully committing suicide.
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@Nate_Esparza Yeah it sunk in after my near-fatal car accident and again and again and again after I tried to kill myself. Is there supposed to be another punchline?
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@spencerpratt Uh yeah. Kind of the definition of a corrupt politician?
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@liminal_warmth That was amazing and very wholesome. I particularly liked the scene of Aragorn and Arwen having pizza on the floor of the storage room.
Alas, however, poor Frodo being glassy eyed and pale in most scenes even here, while basically everyone else is having a grand old time.
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