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Does the government take private RSU's as payment for taxes? It seems unfair to tax people for equity that even the government itself doesn't value.
by home_boi 10y ago
Does the government take private RSU's as payment for taxes? It seems unfair to tax people for equity that even the government itself doesn't value.
- jonny_eh 10y agoBut if I pay you bitcoin for goods/services, you still need to pay tax on that, in USD.
- JonFish85 10y agoOf course not, the IRS takes cash. It's far simpler that way, and probably will remain that way for quite awhile.
- pc86 10y agoAnd it probably should - the IRS is in the business of collecting money from citizens and corporations. It should not be in the business of managing investments and RSUs in thousands of private entities.
- timcederman 10y agoYes, typically there is withholding to help cover the taxes, but for four year grants in the range of $1m+, the default withholding doesn't fully cover the taxes.
- bogomipz 10y agoAre you joking? No. They don't take beaver pelts or glass beads either :) Fair and equitable are not often words used to describe the US tax code.