You're taking a large charge anyway so you might as well take the maximum. Robert Willens More Quotes by Robert Willens More Quotes From Robert Willens If the deal was done exactly the same way, but for cash rather than stock, the tax liability would be mammoth, gains would be taxed at capital gain rates which, for a New York resident, amounts to about 30 percent. Robert Willens top-news It is not advisable for a man of Murdoch's age to engage in a taxable sale of his property, if he passed away while still owning the property, his heirs would achieve a basis step-up for the property, thus eliminating, forever, any capital gains tax on the appreciation in the assets that accrued during the scions' lifetime. Robert Willens top-news It is fairly rare. Robert Willens company-news The deferred tax assets would be quite a dramatic advantage. Robert Willens top-news You anticipate the future losses and take it all in one year because the market will ignore that sort of thing, ongoing losses will not be ignored. Robert Willens money I would bet a lot of other companies are looking at this very closely and will follow suit. Robert Willens money
