3 ms·
less then quarter mill after taxes.
by demondemidi 2y ago
less then quarter mill after taxes.
- wallawe 2y agoThis is capital gains, meaning 15-20% in taxes. Nowhere near half.
- bagels 2y ago20% + 10% state income tax for many here
- tradertef 2y agoWhy is it capital gains?
- lionhead 2y agoBecause he is either selling his shares in the company, or the individual assets owned by the company, either way it should be taxed as capital gains.
- rexreed 2y agoAsset Purchase Agreements are taxed primarily as income. Only a sale of the company ownership or equity would be taxed differently
- ageyfman 2y agomight have been QSBS, so no taxes < $10m
- jejeyyy77 2y agospoken like an employee ;) welcome to the world of capital gains and QSBS!
- demondemidi 2y agoThanks I’m just a dumb kid.
- anonzzzies 2y agoI moved country before selling my first business for that reason.