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Taxes on a purchase corp.
Old 03-14-2007, 06:54 PM Taxes on a purchase corp.
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Hope this is the right forum... I read this...

'MicroSolutions was sold Compuserve—then a subsidiary of H&R Block—for $6 million. "After taxes, I walked away with about $2 million," Cuban said'

How the :censored: can that be? Thats over 66% taxed!
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Old 03-15-2007, 07:39 AM
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thats weird... taxes uswally only come to about a third of the total made... insted of 2/3. wonder why.
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Old 03-16-2007, 03:18 PM
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I found out... It includes payoffs to investors and other debts. He just summarized it all as "taxes".
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Old 03-17-2007, 12:53 PM
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That's still quite a bit of money though...
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