In this episode Scott Becker discusses what drives the super moguls to sell their shares:
- The CEO of Microsoft Satya Nadella sold half his shares he owns in Microsoft for $285 million. This and the sale by Elon Musk are thought be driven by tax concerns plus diversification efforts plus wanting to take advantage of high market prices.
- In Washington State, Nadella faced new taxes of 7 percent. Federally he possibly faces new taxes of 8 percent. Thus, by selling in 2021, he possibly saves nearly 15 percent in taxes or nearly $42 million plus or so.
- Musk faced the 8 percent in added federal taxes that are in the house bill.