“Records sold in Britain back then carried a tax of 33% but exports were tax free … he loaded the stock into a van … turned around … pocketing the tax”
RB
Richard Branson
Great Business Stories ·
The Compound and Friends · How OpenAI Could Cause a US Recession With Steve Eisman
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sold $682 million of personal stock continuously to fund tax liabilities
$682 million worth of stock sold
“Records sold in Britain back then carried a tax of 33% but exports were tax free … he loaded the stock into a van … turned around … pocketing the tax”
“When it comes to things like… tracking capital gains tax and tax liabilities, you have ShareSite, you have Novexa… can be really helpful”
“You can avoid an underpayment penalty if you've paid… at least 90% of this year's tax liability or 100% of last year's liability… increases to 110% if prior year income > $150,000”
“That's where you generally want your high growth potential, but tax efficient. So maybe if you own any stock index funds, things of that nature to benefit from the long-term capital gains. Tax deferred accounts, that's usually less tax efficient, but maybe lower return potential”
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