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> Why? Because shareholders do not employ executives to make acquisitions of terrible companies simply for their personal profit. > The value of the deduction
by jpdoctor 14y ago
> Why?
Because shareholders do not employ executives to make acquisitions of terrible companies simply for their personal profit.
> The value of the deduction for making the donation is significantly less than that gain.
In CA, it is about 50% of the gain.
> Taking the deduction leaves him at 0.
No, it leaves him with profit of 50% of the gain.
- anamax 14y ago> No, it leaves him with profit of 50% of the gain. We're talking about a gain that he donated.... You want him to pay taxes on that gain, to forgo the deduction for the donation. That leaves him in the hole. > In CA, it is about 50% of the gain. Not if it was long-term capital gains. CA gets 10% and the feds get 15% of the remainder. > Because shareholders do not employ executives to make acquisitions of terrible companies simply for their personal profit. Cisco's board apparently disagrees.