Mr Cooper Group Inc (COOP)

[Boris the Spider]

Escrow payout = long term cap gains for tax purposes. That's what my CPA determined after close scrutiny of the facts. This is huge for us because the diff between long term cap gains and ordinary income is enormous. Now let's hope we get the disbursements so we have to pay that tax. I think we will. I'll gladly pay the 20% tax!
The first $420,000 is taxed at 15%. In other words, if you have $120,000 of income, the next $300,000 would be taxed at 15%. Any amount over $420,000 would be taxed at the top 20%. Let's hope we get our payout before they increase the cap gains tax....which Obama is talking about...