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Saturday, August 05, 2017 10:02:39 PM
The spin off stuff- I know bits and pieces of it, but not the whole picture. If anything I typed up here is incorrect please correct me to educate myself and the other members on the board =D
I will not care about a spin off if it is tax free. If it is not tax free... that dividend check (the shares you would be getting for the spin off company Simple Cork) your getting will get taxed as if it is income in your tax bracket you fall into. That can be at the max 35% tax!!! Or if your a long it will be taxed at 15%.
We lose your butt, and everyone flips out angry. That would be catastrophic to those investors that invested long and did help the company grow. Just making an example, a long share holder has 30,000,000 shares. (throwing a number) lets say his dividend check is for $45,000 and it is not tax free
$45,000 X (tax 15%) = $6,750 loss because of the spin off not being tax free. This investor will only have $38,250 left to invest in the spin off company.
Even worse a non long investor is at 28% tax in his bracket.
$45,000 X (tax 28%) = $12,600 loss because of the spin off not being tax free. This investor will only have $32,400 left to invest in the spin off company.
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