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Eric Schmidt will sell nearly half his Google stock for an estimated $2.51B
Posted on 2/9/13 at 4:01 am
Posted on 2/9/13 at 4:01 am
LINK
He will be taxed only at 15% assuming long term capital gains, right, which is a lower rate than what ppl on this board would typically pay on their income? Can someone work out what his total tax burden would be on the $2.5B? Come Monday, I need remind myself to ask my boss if I could opt to get paid in stock options instead of cash.... then again I couldn't survive on a $1 yearly salary, so there goes that.
He will be taxed only at 15% assuming long term capital gains, right, which is a lower rate than what ppl on this board would typically pay on their income? Can someone work out what his total tax burden would be on the $2.5B? Come Monday, I need remind myself to ask my boss if I could opt to get paid in stock options instead of cash.... then again I couldn't survive on a $1 yearly salary, so there goes that.
This post was edited on 2/9/13 at 4:02 am
2
Posted on 2/9/13 at 5:51 am to rickgrimes
Wouldn't giving you stocks be just like regular income? He is paying capital gains because he already paid taxes on the money he used to invest in google. And google has been paying taxes for quite a while now on their earnings so the 15% is a bit misleading... But I figure the post is more about jealousy and fairness and not really suited for the money talk lard. Probably the OT or politely would garner better conversation.
Posted on 2/9/13 at 8:51 am to C
If I were him, I'd puke everytime I heard Obama say "pay their fair share." I'm not a rich guy and will never be, but that pisses me off.
I think billions of dollars is a fair share.
I think billions of dollars is a fair share.
Posted on 2/9/13 at 10:10 am to rickgrimes
quote:Nope. 23.8%.
He will be taxed only at 15% assuming long term capital gains, right
Posted on 2/9/13 at 1:56 pm to NC_Tigah
Plus California State Taxes, right?
Posted on 2/9/13 at 2:35 pm to BigBoyTiger
quote:If he's stupid enough to not have established a Texas or Florida residence
Plus California State Taxes, right?
Posted on 2/9/13 at 2:43 pm to NC_Tigah
Yeah..perhaps..but I think he derives most of his income from California and that's where he "earned" the stock options. So I'm not sure he would be immune to Cali taxes.
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