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#31 |
WERA White Plate
Join Date: Nov 2008
Posts: 1,059
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No I don't, none of the reports said. But if it was paid out at 50% for the lump sum, he's going to have a big tax bill next year.
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#32 | |
Moto GP Star
Join Date: Mar 2008
Posts: 14,556
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#33 | |
Moto GP Star
Join Date: Mar 2008
Posts: 14,556
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#34 |
Elitist
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
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If he takes the lump sum instead of the full payout schedule, I don't see how the gov't could argue that he owes tax on the full amount, seeing how he never received it.
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#35 | |
Follower
Join Date: Nov 2008
Posts: 5,549
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You pay taxes on money "earned" (can't think of proper term). If his payout was $115M, that is what he'll pay taxes on, not the $232M. |
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#36 | |
WERA White Plate
Join Date: Nov 2008
Posts: 1,059
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#37 |
Moto GP Star
Join Date: Mar 2008
Posts: 14,556
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#38 |
Serious Business
Join Date: Nov 2008
Location: New York
Moto: 1993 ZX-11 2008 CBR1000rr
Posts: 9,723
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