A looming increase in the capital-gains tax rate next year is fueling sales of some privately-held businesses.
Many business ownersââ¬âmostly founders who could gain a lot from a saleââ¬âare 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.
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