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re: Anyone know the TAX of NIL
Posted on 2/3/22 at 8:33 pm to Scatback1
Posted on 2/3/22 at 8:33 pm to Scatback1
Gonna be taxable income. If $400-500K paid in a lump sum the first year, they will owe Uncle Sam well over $100k. If paid out over 4 years, they might owe roughly 20-25 % per year. Just seat of the pants estimates. Let's get a over/under bet going on how many of these rocket scientists don't file at all.
1
Posted on 2/4/22 at 11:48 pm to BooBooMeister
quote:
Let's get a over/under bet going on how many of these rocket scientists don't file at all.
The company working with them is going to handle tax filing, from what I understand.
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