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> The richest man I know sold his business in an all-cash transaction for $114 million in 2011 when he was in his late 50s. He divided the after-tax sum in half
by dexterdog 1y ago
> The richest man I know sold his business in an all-cash transaction for $114 million in 2011 when he was in his late 50s. He divided the after-tax sum in half and used one half to write checks based on weeks of service to all of his employees and kept the other half.
That sounds like a lot of unnecessary double tax being paid.