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by wazoox
4798 days ago
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> I sell the business after 3 years for 1,000,000 dollars. You are telling me that it is fine to take 750,000 from me and from my family? You're so very wrong. 1° the 75 % tax doesn't apply if you reinvest the money in a new company. There are several different ways to avoid paying the tax through investment. It's a tax on revenue, earnings, NOT capital. If you use your money as capital, basically you'll never pay more than about 35% taxes overall. 2° you don't understand how marginal tax rates work. You pay 75% of tax on everything ABOVE 1 million. So if you sell your company for 2 millions, the 75% applies on the second million but not the first one. |
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