--- title: Here's Why Anthony Scaramucci Now Faces a $7.5 Million Tax Hit description: Anthony "the Mooch" Scaramucci was forced to sell his stake in Skybridge Capital to take a job in Trump's White House. He was fired and could have to pay million in taxes. authors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Taxes - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2017-08-03T14:37:36.000Z' modified: '2024-04-17T06:26:22.000Z' section: Taxes tags: - capital gains - politics - Taxes - trump - Trump Administration - White House word_count: 301 canonical: https://money.com/anthony-scaramucci-mooch-fired-taxes-capital-gains/ type: Article source: structured-blocks --- > **Disclosure:** We may earn a fee if you click on the links below. Compensation does not determine ranking. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![President Donald Trump](https://img.money.com/2017/08/moochtaxes-em-822885416.jpg) *Anthony Scaramucci served as White House communications director for less than two weeks.* It's been a rough couple of weeks for the Mooch. In a whirlwind affair lasting less than a dozen days, Anthony "the Mooch" Scaramucci landed a job as White House communication director, got served with [divorce papers from his wife](http://people.com/politics/anthony-scaramucci-divorce-lawyer-speaks-out/), missed the birth of his son, went on a [profanity-laced rant](http://www.newyorker.com/news/ryan-lizza/anthony-scaramucci-called-me-to-unload-about-white-house-leakers-reince-priebus-and-steve-bannon) about rival Trump administration colleagues to *The New Yorker*, and [got fired](https://time.com/4881442/donald-trump-anthony-scaramucci-white-house-firings/). Now it looks like his quick ouster from the White House will result in Scaramucci paying millions in taxes that he could have deferred if he still had the job. In order to take the job in the Trump administration and avoid a conflict of interest, Scaramucci had to sell his stake in Skybridge Capital, the hedge fund he founded. Normally, as [*USA Today*](https://www.usatoday.com/story/news/politics/2017/08/03/anthony-scaramuccis-white-house-job-could-cost-him-7-million/531376001/) reported, federal employees receive a "certificate of divestiture" when selling assets like Scaramucci is doing, allowing them to defer paying capital gains taxes. But apparently, Scaramuccui's hiring and resignation occurred so quickly that he never received the certificate granting special tax treatment. Elliot Berke, a lawyer representing Scaramucci, [told CNN](http://money.cnn.com/2017/08/01/news/scaramucci-skybridge/index.html) that his client will pay capital gains taxes at the normal rate of 15% on the Skybridge Capital sale when the deal is finalized. Scaramucci owns a nearly 44% stake in the firm, which has an estimated value of over [$200 million](https://www.vanityfair.com/news/2017/07/anthony-scaramucci-skybridge-sale). Scaramucci should receive between $50 million and $80 million on the sale, and now that he can't defer paying capital gains, he'll be taxed at 15%. The bottom line is that it looks like the Mooch will have to pay at least $7.5 million, and perhaps as much as $12 million, in taxes that he could have put off if he was still employed by the White House. That's a pretty steep price to pay for a job that lasted [11 days](http://www.politico.com/gallery/2017/07/31/trump-scaramucci-white-house-communications-director-photos-002462). ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/anthony-scaramucci-mooch-fired-taxes-capital-gains/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Taxes", "item": "https://money.com/taxes/" }, { "@type": "ListItem", "position": 3, "name": "Tax Relief", "item": "https://money.com/tax-relief/" }, { "@type": "ListItem", "position": 4, "name": "Here's Why Anthony Scaramucci Now Faces a $7.5 Million Tax Hit" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/anthony-scaramucci-mooch-fired-taxes-capital-gains/#webpage", "url": "https://money.com/anthony-scaramucci-mooch-fired-taxes-capital-gains/", "name": "Here's Why Anthony Scaramucci Now Faces a $7.5 Million Tax Hit", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2017-08-03T14:37:36.000Z", "mainEntity": { "@id": "https://money.com/anthony-scaramucci-mooch-fired-taxes-capital-gains/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/anthony-scaramucci-mooch-fired-taxes-capital-gains/#breadcrumb" }, "dateModified": "2024-04-17T06:26:22.000Z" }, { "@type": "Article", "headline": "Here's Why Anthony Scaramucci Now Faces a $7.5 Million Tax Hit", "articleSection": "Taxes", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2017/08/moochtaxes-em-822885416.jpg", "width": 5456, "height": 3637, "caption": "President Donald Trump" } ], "author": [ { "@type": "Person", "name": "Brad Tuttle", "url": "https://money.com/author/brad-tuttle/", "@id": "https://money.com/author/brad-tuttle/#author", "description": "Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals.\r\n\r\n", "image": "https://img.money.com/2014/01/Brad-Tuttle.png?w=226&h=247&crop=1", "alumniOf": "Columbia University School of Journalism, MS", "sameAs": [ "https://twitter.com/bradrtuttle", "https://linkedin.com/in/brad-tuttle-834b225" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2017-08-03T14:37:36.000Z", "description": "Anthony \"the Mooch\" Scaramucci was forced to sell his stake in Skybridge Capital to take a job in Trump's White House. 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