DeFranco sells $39 million in stock

[Tom Bombadil]

$39M is chump change for Jim. He is said to be worth between $2-3 billion.

 

[Smith P.]

Yeah, don't forget higher tax bracket for his income in 2007; will be it 70% ?

 

[Jim5506]

Yeah, don't forget higher tax bracket for his income in 2007; will be it 70% ?

Those potentially in that tax bracket will just begin hiding income again.