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wallawe
on May 29, 2024
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I sold TinyPilot, my first successful business
This is capital gains, meaning 15-20% in taxes. Nowhere near half.
bagels
on May 29, 2024
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20% + 10% state income tax for many here
tradertef
on May 30, 2024
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Why is it capital gains?
lionhead
on May 30, 2024
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Because he is either selling his shares in the company, or the individual assets owned by the company, either way it should be taxed as capital gains.
rexreed
on May 30, 2024
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Asset Purchase Agreements are taxed primarily as income. Only a sale of the company ownership or equity would be taxed differently
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