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Microsoft CEO Ballmer to sell off 75 million shares (Avoiding Cap Gains tax hike)
CNet News ^ | 11/05/10 | josh Lowensohn

Posted on 11/07/2010 8:56:49 AM PST by AKSurprise

"This is the first time in seven and a half years that Ballmer has sold stock. His previous sales of Microsoft stock back in 2003 came in just under $1.6 billion.

According to SEC filings, Ballmer has already sold off 49,341,652 shares of common stock across three different transactions this week, totaling a little more than $1.3 billion. Coincidentally, Microsoft chairman and founder Bill Gates also sold some of his company stock this week with two different sales (1, 2) totaling an even 3 million shares.

The tax ramifications on the two sales are of special note given the savings and investment tax hikes that are going into effect in January. The maximum long-term capital gains tax rate will increase to 20 percent, up from 15 percent. In Ballmer's case, that ends up being a savings of around $67 million by selling now instead of January, assuming Microsoft's stock price stays the same."

(Excerpt) Read more at news.cnet.com ...


TOPICS: Business/Economy; Extended News; Government; News/Current Events
KEYWORDS: capitalgains; keynesian; microsoft; tax
I wonder how much money Ballmer & Gates have donated to the Democrat party and Obama. Convenient that they support Dem policies which include tax increases on the middle the class, but they will do whatever necessary to avoid those same taxes... Typical liberal eliteists.
1 posted on 11/07/2010 8:56:52 AM PST by AKSurprise
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To: AKSurprise

He must know something.


2 posted on 11/07/2010 8:57:52 AM PST by screaminsunshine (the way to win this game is not to play)
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To: screaminsunshine

Other than the fact that tax rates are going up?


3 posted on 11/07/2010 8:58:42 AM PST by coloradan (The US has become a banana republic, except without the bananas - or the republic.)
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To: AKSurprise

Fed paper money and within a few weeks or sooner the market will crash.


4 posted on 11/07/2010 9:05:53 AM PST by Logical me
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To: screaminsunshine

” He must know something. “

Insider selling across the board is up by several-hundred-percent over just a couple of short years ago....

Somebody must know something - and it’s real scary....


5 posted on 11/07/2010 9:07:23 AM PST by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: screaminsunshine

“He must know something.”

....I’m thinking the same thing...I thought that after the election defeats, the Dems were going to not mess with the Bush tax cuts.


6 posted on 11/07/2010 9:10:04 AM PST by STONEWALLS
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To: AKSurprise

67 million dollars saved is 67 million dollars earned.


7 posted on 11/07/2010 9:12:14 AM PST by spodefly (This is my tag line. There are many like it, but this one is mine.)
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To: spodefly

Right choice for a capitalist :)


8 posted on 11/07/2010 9:20:02 AM PST by Ruth C
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To: AKSurprise

That was part of the Bush Tax cuts???


9 posted on 11/07/2010 9:20:18 AM PST by Sacajaweau
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To: spodefly

but we need that to money so that the government can help the poor. Why does he support higher taxes on the rich but avoid paying it himself


10 posted on 11/07/2010 9:30:01 AM PST by 4rcane
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


11 posted on 11/07/2010 9:35:12 AM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: AKSurprise

However, if I’m not mistaken, Mr. Ballmer strongly opposed the state income tax initiative here in Washington. I think he helped to fund the opposition to the initiative. Initiative 1098 was promoted by Bill Gates’ father.


12 posted on 11/07/2010 9:35:50 AM PST by ReluctantDragon
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To: All

I would sell it all.


13 posted on 11/07/2010 9:36:17 AM PST by troy McClure
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To: screaminsunshine

Bigger picture, they know that Microsoft will not again experience superior growth.


14 posted on 11/07/2010 9:52:53 AM PST by Tax Government (Democrat: "I'm driving to Socialism at 95 mph." Republican: "Observe the speed limit.")
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To: AKSurprise; Nachum

Related Thread:

Microsoft CEO sells $1.3B of shares (CNBC article)

http://www.freerepublic.com/focus/f-news/2622952/posts

#17 relates to Bill Gates


15 posted on 11/07/2010 9:55:40 AM PST by Whenifhow
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To: AKSurprise

I guess Apple stock is really expensive these days.


16 posted on 11/07/2010 9:55:46 AM PST by MrsEmmaPeel (a government big enough to give you everything you want, is big enough to take everything you have)
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To: AKSurprise

Ballmer’s campaign donations. Some R, mostly D.

http://www.newsmeat.com/billionaire_political_donations/Steve_Ballmer.php


17 posted on 11/07/2010 9:58:40 AM PST by LibFreeOrDie (Obama promised a gold mine, but will give us the shaft.)
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To: AKSurprise

HYPOCRITS


18 posted on 11/07/2010 10:08:15 AM PST by Marty62 (Marty 60)
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To: LibFreeOrDie

From what I read, it is mostly R (see chart at top).


19 posted on 11/07/2010 10:14:11 AM PST by DennisR (Look around - God gives countless, indisputable clues that He does, indeed, exist.)
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To: AKSurprise
I saw an interview with Bill Gates, Sr. last week in which he was advocating California's "millionaires tax." When it was pointed out that Bill Gates, Jr. was already a billionaire and that his static net worth would not be taxed under the plan, and that only people who were actually earning their millions would pay the tax, he denied that it was true.

Bill Gates, Jr. did not get his brains from Bill Gates, Sr., or there would be no Microsoft, at least with Bill Gates, Jr. in it.

20 posted on 11/07/2010 10:14:49 AM PST by E. Pluribus Unum ("Government has no other end, but the preservation of property." --John Locke)
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To: AKSurprise

Same bunch of billionaires who wre pushing for an income tax in the state of Washington.

It was voted down in every single county in Washington State.


21 posted on 11/07/2010 10:29:04 AM PST by ridesthemiles
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To: AKSurprise

All that insider selling is presumably for tax purposes. This may be the last year anyone can avoid the huge tax increases coming down the pipeline unless the Bush tax cuts are extended.

Usually tax selling takes place in late November and December. But obviously some of the smart guys have decided to get out the door before everyone else catches on and starts stampeding toward the exits.


22 posted on 11/07/2010 10:41:41 AM PST by Cicero
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To: AKSurprise

I don’t care who they are. Denying the govt more money is a good thing. They wrote the rules, they can live by them.


23 posted on 11/07/2010 11:35:52 AM PST by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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In Ballmer's case, that ends up being a savings of around $67 million

Not according to leftists... According to them, it's money that is being "stolen" from the government. According to them, all income actually belongs to the government, and what we get to keep is a "gift" from our betters. And the fact that they're letting us keep even a fraction of it proves how wonderful they are.

The fact is that leftists see all people as being the property of the government, and all the proceeds from their work actually belong to the government. They see themselves as beneficent, but their philosophy is that of slave holders.

Mark

24 posted on 11/07/2010 12:52:33 PM PST by MarkL (Do I really look like a guy with a plan?)
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To: LibFreeOrDie

Looks like he keeps his bases covered.


25 posted on 11/07/2010 1:09:56 PM PST by Tribune7 (The Democrat Party is not a political organization but a religious cult.)
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