Taxation
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Capital Gains Bypass Strategy
It’s not how much you sell for, but how much you keep
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As a business broker, I have been frustrated by how much capital gains taxes reduces the wealth derived from my clients' sales of their businesses. In Virginia, it is 28.8% because of state income tax. This influences the value an owner seeks because of these capital gain taxes—an equity loss of 30%! So, I worked on seeking ways to overcome this and provide a better, safer use of those tax monies to benefit owner wealth.
Fed Rate is 15% - 20%
State rate is different per state, VA is 5.75%
Medicare gets 3.8%
Total for Virginia: 24.55% - 29.55%
In Virginia, this adds up to a total of 24.55% - 29.55% Capital Gains Tax.
So, for every $1,000,000 in capital gain, you are taxed $245,500 - $295,500.
In essence, the mission as a business broker goes beyond facilitating transactions; it encompasses safeguarding and enhancing the wealth of clients. By addressing the challenges posed by capital gains taxes and utilizing Capital Gain Bypass Strategies for you to keep much more with confidence and peace of mind. Being in control of your money provides freedom. Below is a recap of your transaction costs:
