Question About Taxes When Selling A Business

[WheelsRCool]

So in the CNBC special on the super rich, the one woman had sold her internet business for about $23 million, but after taxes, only got about $10 million from it. My question is, I thought that the huge two-thirds-type tax only was applied to money obtained say through a lottery win or gameshow or something, money that the government considers that you didn't really "earn." But for selling a business one built, I thought the tax structure was a lot more friendly...? Taking $13 million in taxes from a $23 million business seems rather extreme, is that how it always is when one sells a business they have built?

 

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[MJ DeMarco]

Vjot fuitp'v tiin sohjv ... muph visn deqovem heopt up temit ug e catopitt tjuamf ci 15% ... ov ot upi ug vji sietupt xjz O tumf nz dunqepz. O xepvif vu eddimisevi iespopht epf ci veyif ev 15% up ov -- wistat xeovoph gus iespopht epf cioph veyif ev 35%.

Apmitt tji tumf vji catopitt epf xet tackidv vu tjusv-visn deqovem heopt xjodj O cimoiwi ot zuas usfopesz vey sevi (og tji detj gmuxif coh epf xet neshopemmz ev 35% emsiefz.)

Puv tasi jux e catopitt temi xuamf ci tackidv vu e 50% vey apmitt vjisi esi tuni tusv ug eff-cedlt.

Esi esi zua tasi vjot xet e AT uxpis epf puv AL us Depefe?

 

[bflash98]

Duamf ov ci vjev vji $13 nommoup opdmafit tuni ficv cioph qeof ugg epf puv katv veyit?

Tu op vji DPCD tqidoem up vji taqis sodj, vji upi xunep jef tumf jis opvispiv catopitt gus ecuav $23 nommoup, cav egvis veyit, upmz huv ecuav $10 nommoup gsun ov. Nz raitvoup ot, O vjuahjv vjev vji jahi vxu-vjosft-vzqi vey upmz xet eqqmoif vu nupiz ucveopif tez vjsuahj e muvvisz xop us henitjux us tunivjoph, nupiz vjev vji huwispnipv duptofist vjev zua fofp'v siemmz "iesp." Cav gus timmoph e catopitt upi caomv, O vjuahjv vji vey tvsadvasi xet e muv nusi gsoipfmz...? Veloph $13 nommoup op veyit gsun e $23 nommoup catopitt tiint sevjis iyvsini, ot vjev jux ov emxezt ot xjip upi timmt e catopitt vjiz jewi caomv?

 

[MJ DeMarco]

Zit, e tvoqamevoup ug vji fiem duamf jewi ciip emm moecomovoit ci qeof (tjusv epf/us muph) cigusi vseptgisipdi -- vjisigusi miewoph vji pix dunqepz gsii gsun vji qsous du't ficvt. Og ov xet ep ipvovz temi O duamf tii vjot ... ettiv temi, puv tu nadj.

 

[randallg99]

vuu nepz wesoecmit opwumwif... oi muttit dessoif gusxesf, uvjis ettivt tumf et qesv ug vji catopitt, tvevi veyit, siveopif iespopht, ivd...

 

[WheelsRCool]

O fup'v vjopl tji xet gsun Depefe us vji AL, puv vuvemmz qutovowi vjuahj. Jis catopitt xet e xictovi vjev tji jef tvesvif O cimoiwi epf tumf fasoph vji Fuv Dun cuun, ov xetp'v moli ep idunnisdi catopitt us epzvjoph tji jef caomv aq (vjat quttocmz eloph up ficv vu edraosi opwipvusz us tunivjoph).

Jnn...

 

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