Privately held company

65%-plus brought up, it can clearly lead people to believe that those are the, uh, prevailing rates.

But there is one area where departure taxes can hit quite hard that is likely applying to Gad's situation, and that's around private corporations, something Gad explicitly brought up in the online exit tax discussion.

You see, in addition to being a paid professor, Gad also earns royalties from his books.

It's very likely that he's incorporated his royalty business so that he earns the royalties into a company, or corporation more specifically, rather than to his own name directly.