Robert W. Wood, Contributor / Forbes Business News
Bruce Springsteen Tells IRS Who’s Boss In $500M Sony Sale—Taxed As Capital Gain – Bruce Springsteen sold his music rights to Sony for $500 to $600 million, the largest transaction ever for an artists lifes work. The federal capital gain tax rate tops out at 20% (though 3.8% Obamacare tax often applies too), but next year rates could balloon under President Biden.Bruce Springsteen sold …
