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re: Who sets the price for the forced sell of the Clippers?
Posted on 5/1/14 at 3:31 pm to theBeard
Posted on 5/1/14 at 3:31 pm to theBeard
quote:
The team sale would be considered a capital gain which is taxed at 33%
It would be long term which would be 20%. Short term would be taxed at his income tax rate which would assumedly be 39.6% but he's owned the Clippers for longer than a year.
This post was edited on 5/1/14 at 3:34 pm
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