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by jammur
3584 days ago
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Nobody pays a marginal rate > 50% in Canada. However, this will be counted as a capital gain, since Match almost certainly bought his shares in the company. That means 50% of the proceeds will be added to his taxable income. He'll pay around 25% of his total proceeds in tax. His employees probably owned ~10% of the company, so let's say he sold his shares for $500M. He probably walked away with around $375M after tax. |
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