Quote:
Originally Posted by Northendzone
^ I was trying to get at if sr. saved himself $25k, it is likely a small amount based on his personal wealth - so if he made the trade based on insider knowledge, why do run the risk of negative publicity for your son just to save a relatively small amount of tax compared to your net worth.
I tried to look up sr's net worth; however, was unable to find it quickly.
yeah, I believe the government will put the screws to the average citizen for small amounts, but will seemingly strike deals with high net worth folks - but that is another conversation
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It's not the tax savings as they were available before or after the announcement. It's selling the shares knowing the price of the shares were going to drop. It's effectively steeling money from the person who bought them if he had advanced info.
The total value was a 400k difference.