3 ms·
When the stock vested at IPO sometime earlier this year, he had to pay at least 30% taxes on it - in the US. That is not money he could have had without actuall
by kerng 7y ago
When the stock vested at IPO sometime earlier this year, he had to pay at least 30% taxes on it - in the US. That is not money he could have had without actually selling some. No?
This is a serious question, so I'm not understanding the downvotes.
When the company i worked for IPO'd I had to pay taxes on the stock when the paper money turned into real money.
- djrogers 7y ago> When the stock vested at IPO sometime earlier this year, he had to pay at least 30% taxes on it - in the US. That is not money he could have had without actually selling some. No? You generally don't have to pay taxes on stock options until you actually have income from them - ie sell. There are some exceptions, and in some cases paying at-vest can actually reduce your overall tax burden (by excercising options you don't intend to sell right away, you can start the clock to turn them into long-term capital gains when you do).
- kerng 7y agoDid the Uber guy have options or restricted stock units? For restricted stock units one has to pay tax at time of vesting/IPO afaik. But as founder things are probably different...