Quote:
Originally Posted by Jerome
|
The article makes a case for the timing being good according to "experts", and speculating on Lucas' motives, but clearly states "Lucas and a spokesman for LucasFilm were not immediately available for comment"
We have no idea if Lucas gave a single thought to the tax and estate issues
Also, giving it to charity would tend to negate the capital gains on assets "held more than a year"
Quote:
|
That Lucas struck a deal in 2012 may be no accident either, advisers say. Long-term capital gains tax from the sale of assets held more than one year are taxed at a rate of 15% for investors in the 25% income tax bracket or above (Lucas’s level), and zero for investors in the 10% or 15% bracket. Those rates are set to jump to 20% and 10%, respectively in January. “He probably wanted to take advantage of the lower rate on long-term capital gain while it’s certain,” says Bill Smith, managing director at CBIZ MHM, a national accounting and professional services provider.
|