Samuel’s Substack

Samuel’s Substack

PIMCO Exec, $M Units, and a Whole Lot of Taxes

The strategies we covered—from tax-aware hedge funds to box spreads—that can save millions for high earners in California.

Samuel Harnisch's avatar
Samuel Harnisch
Aug 22, 2025
∙ Paid
1
Share

What we talked about over chicken sliders at R+D Kitchen:

  • Tax-aware hedge funds to create deductions against W-2 income and M-unit distributions. At the top CA bracket, every dollar of deduction saves 50 cents in taxes.

  • Primary residence appreciation well in excess of the $500k Section 121 exclusion. A long/short SMA can systematically harvest capital los…

Keep reading with a 7-day free trial

Subscribe to Samuel’s Substack to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Samuel Harnisch
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture