Billionaire Steve Cohen Fights a $10 Million Tax Bill to Derail an IRS Plan

Contributing sentiments towards policy:

51% : The self-employment tax is a separate 15.3% levy that includes 12.4% for Social Security and 2.9% for Medicare.Point72 declined to comment, and the IRS said it doesn't comment on ongoing litigation.
44% :Limited partnerships pass through their income directly to their owners, and Cohen has already paid income taxes on the $344 million earnings total from 2015 and 2016, according to the people familiar with the situation.
43% : Point72 would pay only between $7 million and $10 million in taxes should it lose to the IRS, according to the people familiar with the situation.

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