As Facebook (FB -4%) continues diving (previous), Dan Primack points out tax considerations...

|About: Facebook (FB)|By:, SA News Editor

As Facebook (FB -4%) continues diving (previous), Dan Primack points out tax considerations could be driving insiders to sell at (relatively) depressed levels. The capital gains tax rate is set to increase to 20% from 15% on Jan. 1, giving businesses and high-net-worth individuals (but not tax-exempt non-profits) an incentive to sell ahead of time. Primack previously reported VC firms Greylock Partners and Meritech Capital had joined Accel Partners in distributing Facebook shares to limited partners.