Friday, November 02, 2012

Disney Buys Lucasfilm, Lucas Lowers Tax Burden

May the Force be with you...and a few million shares of Disney stock wouldn't hurt either...

And by the way (from NewsWatch)...
That Lucas struck a deal in 2012 may be no accident, either, advisers say. Long-term capital gains tax from the sale of assets held more than one year are taxed at a rate of 15% for investors in the 25% income-tax bracket or above (Lucas’s level), and zero for investors in the 10% or 15% bracket. Those rates are set to jump to 20% and 10%, respectively in January. “He probably wanted to take advantage of the lower rate on long-term capital gain while it’s certain,” says Bill Smith, managing director at CBIZ MHM, a national accounting and professional services provider.
I wonder what the tax rates are on Tatooine?

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