WHAT???!!!! 1.2mil but came out with 300-400k in the hand?
Are you serious, I know the Australian Taxation System is a f*ing rip off but honestly?? How much tax do you think we pay? Even with a 1.1 million dollar profit (assuming that he held the shares for less than 1 year otherwise he gets a 50% discount) you would still only pay 44% (I think that's the largest tax bracket). He would have paid $484,000 tax, (worst case scenario) which still leaves $616,000 in the hand
WHAT???!!!! 1.2mil but came out with 300-400k in the hand? Are...
-
- There are more pages in this discussion • 11,731 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
