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Originally Posted by WiredGuy
There's an exit tax?! What kind of percentage is that?
WG
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Well I had everything in the company to minimize my yearly tax bill. Since I decided to leave very abruptly it became hefty. To be safe we had to take all the company money and declare it 100% as mine and then liquidate all investments. So all investments, accounts, etc. So there isn't an 'exit' tax. But if you decide to leave and want to do it right you are going to get slammed hard especially if your company holds the majority of your $$$$.