Normally, when individuals sell stock, they must pay capital gains taxes on any profit they’ve made. But donors who gift their stock to an SGO wouldn’t have to pay capital gains taxes on any increase in the stock’s value, and they would still get the generous dollar-for-dollar tax credit, yielding a personal profit for themselves.
Idaho Center for Fiscal Policy: What You Need to Know About the National Private School Voucher Proposal in the U.S. House Budget Bill
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