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It's correct. In the case of Uber, the company withheld shares according to the supplemental wage withholding rules (22%) at the federal level. Employees would
by rockinghigh 7y ago
It's correct. In the case of Uber, the company withheld shares according to the supplemental wage withholding rules (22%) at the federal level. Employees would still be liable for the extra 10-15% of the IPO price if taxed in the highest tax bracket.
- bpicolo 7y ago> withheld shares according to the supplemental wage withholding rules (22%) at the federal level Is the difference refunded through tax returns?
- woodrow 7y agoYes, though most Uber employees (and tech company employees in the SF Bay Area in general) are going to be above the 22% bracket, and thus will owe more tax instead of being owed a refund. This is especially likely if the employee is mostly vested and thus settling a large block of RSUs all at once.