$Microsoft (MSFT.US)$ There’s a Long term capital gains tax ...
$Microsoft(MSFT.US$ There’s a Long term capital gains tax of 7% for income over $1M starting Jan1, 2022 so he is clearing his plate ahead of time to avoid paying this tax. Expect more executives in WA state to do this in 2021.
https://dor.wa.gov/taxes-rates/other-taxes/capital-gains-tax
https://dor.wa.gov/taxes-rates/other-taxes/capital-gains-tax
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Jack Reddrop : Is this long term capital gains tax applicable to overseas individual investor in stocks?
Venita Fair Jack Reddrop: Washington state residents only.
Vera Padisetti Jack Reddrop: only for residents in the US in the state of WA
Levi Whooper : Is it 1M or 250k? The link mentions the last.
Aslandi Levi Whooper: You’re right. It’s over $250k in capital gains
juandix : Saving 7% also means he doesn't think the stock will go up by 7%.
Revelation 6 Vera Padisetti: Vera, Vera. What has become you. Does anybody else in here feel the way I do? Bring the boys back home. Bring the boys back home. Do leave their children all lone lone lone. Bring the boys back home.