If Trump sells assets to pay for his civil fraud fine, he might have to pay capital gains tax.
If Donald Trump chooses to sell his assets to pay his civil fraud fine, he may face financial issues by accruing tax.Trump has until March 25 to come up with a bond amount or the New York Attorney General could begin seizing some of his assets and properties after Judge Arthur Engoron ruled that Trump has to pay roughly $464 million in penalties for fraud.
8 percent on any gain would mean that to generate $464 million of after-tax proceeds, the amount of assets sold would have to exceed this amount. The amount of gain any asset sale is the sales price less the taxpayer's basis in the asset. Given the 23.8 percent tax rate, the amount of assets sold might need to be as high as $600 million if the sold assets have a very low basis .
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