07-07-2025, 06:38 PM
(07-07-2025, 03:35 PM)Smitty Wrote: Interesting... I've never had the desire to understand the tax penalties and repeater tax stuff. So, I'm assuming the Mavs will be in the repeater category? Or is the tax penalty really 3X ($1,729,265 difference between Powell and VetMin)?
DISCLAIMER. The tax calculation math is a nightmare because just about EVERY number and bracket ratchets proportionally from year to year. IIUC the size of the brackets, the tax for each bracket, etc is all adjusted. I need to redo my widget each year, in the same way as salary scales and exceptions, but it's a lot of work so I am way behind on being precise.
But best as I can figure, the tax savings here would be ~$3.25 per $1. Or so. Kai min vs DP is a bit over $1.5M.
FWIW, we could also add in the diff in salaries as well, which would be another $1.5M in savings.