3 ms·
The startup and/or its employees should have known the tax laws. It's not like this exact thing hasn't been happening for years and years. (And it kind of is t
by powera 11y ago
The startup and/or its employees should have known the tax laws. It's not like this exact thing hasn't been happening for years and years.
(And it kind of is the startups fault that there isn't a way to exercise-and-sell the options. If it was a public company you wouldn't need to take the risk of a massive AMT bill)
- FastComputer 11y agoExactly! I had left options on the table at several companies because I knew about the tax implications. In one case, I would have made money had I accepted the options. During the 1999 crash, they actually bailed out some dot-come speculators who "didn't know" about AMT. This outraged me. I purposely didn't speculate, and yet I was forced to subsidize those who did. America is disgustingly unfair. (Most of the people posting here do not understand taxes and the AMT.)