Taxes on a purchase corp.

**imported_bmr** · 03-14-2007, 05:54 PM

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!

**silverspike** · 03-15-2007, 06:39 AM

thats weird... taxes uswally only come to about a third of the total made... insted of 2/3. wonder why.

**imported_bmr** · 03-16-2007, 02:18 PM

I found out... It includes payoffs to investors and other debts. He just summarized it all as "taxes".

**Lucas3677** · 03-17-2007, 11:53 AM

That's still quite a bit of money though...