ESOP cash out, taxes

cezar123 Posts: 1, Reputation: 1

New Member

Feb 24, 2008, 10:32 AM

ESOP cash out, taxes

How much federal taxes will I pay on an ESOP worth $70,000 what is the percentage I would pay?

Thanks for your help

Cezar

AtlantaTaxExpert Posts: 21,836, Reputation: 846

Senior Tax Expert

Mar 14, 2008, 02:07 PM

About 30%

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