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jfk13
2683 days ago
If I'd hit the startup jackpot and found myself with $10M of stock, and wanted to turn it into cash, I think I could afford $1.3M of tax. The remaining $8.7M would keep me pretty comfortable for now.
2 comments
cmpolis
2683 days ago
That's just the bill for state tax (need to consider federal, property, sales tax)
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splendidtube
2683 days ago
Except that is just state tax. Add in federal and you’re looking at a combined 50%.
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