Looming Tax Hike Motivates Owners to Sell

[DrLeftover]

A looming increase in the capital-gains tax rate next year is fueling sales of some privately-held businesses.



Many business owners—mostly founders who could gain a lot from a sale—are looking to close deals before next year, when the maximum tax on investment income is scheduled to rise from 15% currently to at least 23.8% on most capital gains, at least for higher-income households. Many sellers intend to convert their equity into retirement funds or just start anew.

http://online.wsj.com/article/SB100...7120.html?mod=WSJ__MIDDLENexttoWhatsNewsFifth

 

[Jazzy]

Glad I'm not in a higher income household.

 

[DrLeftover]

But you do own a business.

 

[Jazzy]

But you do own a business.

True but all my businesses are run out of my home office.