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0 pointsandygcook5y ago0 comments

It’s highly likely he gets to keep all or most of the $3.7M under the Qualified Small Business Stock (QSBS) tax exemption.

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1 comments · 1 top-level

Exactly. He will only pay state tax in Alabama on the capital gain. I think it's in the range of 3% to 4%, but I might be mistaken.

For reference, in California it is ~10%.

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