Hank Paulson Can Hank Paulson Avoid Tax On $600MM Unrealized Capital Gain Upon Becoming A Government Employee?

Can Hank Paulson avoid tax on $600MM unrealized capital gain upon becoming a government employee? - hank paulson

A tax expert said the following:
"Hank Paulson, the new Finance Minister, with a personal fortune of $ 700,000,000, the right to a whole new exemption only for those in the government is entitled to sell all 700,000, has received U.S. $ 000 of their assets and trading of Index funds, or bonds, and not paid, it is true, zero tax on profits of U.S. $ 600,000,000.

I understand the gist of the matter is as follows:
- Released new employees of the authority of government taxes on capital gains from the sale of government bonds realized.
- $ 700MM Paulson Goldman share, based on $ 100MM.
- Paulson, Goldman was able to negotiate its share of government bonds, and the exchange of securities is not taxable event, so that the base Treasury dollar would 100MM.
- Paulson, may sell U.S. Treasuries of $ 700MM, but as employees of federal pre-released his tax profit of 600 mm.

This analysis is correct?