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It Can Take 10 Years to Retire Right, and Here's Why

  • 24 September 2014
  • Author: Cari Holbrook
  • Number of views: 1815
  • 0 Comments
It Can Take 10 Years to Retire Right, and Here's Why
Meet Ted. Ted is a C Corp owner who is ready to retire by selling his $1 million worth of stock in the business. Not a bad retirement, right? Let’s take a closer look. The long-term capital gains tax for Ted is $240,000. And the buyer? His tax bill is even worse. Let’s say, in this scenario, the buyer’s income tax bracket is set at 39.6 percent.
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