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Eric Trump says he was laughed at while attempting to secure his dad's $454 million bond (www.salon.com)

submitted 7 months ago by ZeroCool@slrpnk.net to c/nottheonion@lemmy.world

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[-] partial_accumen@lemmy.world 3 points 7 months ago

This. And to put numbers on it, long term cap gains taxes (for things in the account held for 2 years or more) is 20%. For short term (things in the account owned for less that 2 years) it can be as 37%. So if the account is just used as collateral, and Chubb charged a fee of less than 20% then the bond is a cheaper way to get the money for the appeal.

this post was submitted on 25 Mar 2024

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