Anthony Scaramucci Might Owe Millions in Capital Gains Taxes

Photo credit: angela n., CC BY 2.0.

Here’s another story of jerks and schadenfreude: as USA Today reports, Anthony Scaramucci might owe “12 million or more” in capital gains taxes, thanks to his recent tour of the White House:

That’s because the New York hedge fund founder left the White House before he could obtain a “certificate of divestiture” giving him the special tax treatment available to federal employees who give up assets in order to avoid conflicts of interest.

Without that certificate, the sale of Scaramucci’s SkyBridge Capital to a Chinese holding company will be taxed at the long-term capital gains rate of 15% to 20%. According to Scaramucci’s financial disclosure report, his 43.8% share of the sale is worth at least $50 million; other estimates put that number even higher.

USA Today also notes that Scaramucci’s tax bill could include “a 3.8% surtax under the Affordable Care Act,” which just adds another layer of deliciousness to this whole situation.

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