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A judge in the case had already described Natalie Khawam as lacking "any appreciation for the importance of honesty and integrity".
Any appreciation is not subject to estate or gift tax.
Any appreciation after that is not subject to estate or gift tax.
Any appreciation in the value of the portfolio will mostly remain unrealized, since trading actual stock is secondary in the funds strategy.
Any appreciation is taxed as long-term capital gains, but not until you sell the stock, and it isn't subject to the 10% penalty.
Any appreciation after that is taxed at the low long-term capital gains rate of just 15% so long as an executive holds the stock for a year before selling.
We might think as much if, say, it is possible to appreciate the Roman Coliseum's stately and antique features without any appreciation of its intended function or actual use.
Builders also profit from any appreciation in value, she said.
"I don't think she has any appreciation of business decisions at all".
But Mr. Greenspan said that they would benefit little from any appreciation.
Also missing is any appreciation of Lincoln's stand against the expansion of slavery.
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CEO of Professional Science Editing for Scientists @ prosciediting.com