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Sign me up. I want to be paid in stock so I can avoid income tax thereby paying less than my share in taxes like many overly wealth families in the United State
by jostmey 7y ago
Sign me up. I want to be paid in stock so I can avoid income tax thereby paying less than my share in taxes like many overly wealth families in the United States
- rleahy22 7y agoIf you're using stocks to back your debit card purchases then you would be realizing gains incredibly frequently and therefore likely subjected to short term capital gains, which are taxed at normal income tax rates. You would not see a benefit in taxes in this scenario.
- deleted 7y ago[deleted]
- deleted 7y ago[deleted]
- whateveracct 7y agoI'm pretty sure if you get compensated in stock, you still have to get taxed at the time of compensation (as income equal to the stock's initial value)
- caro_douglos 7y agoAMT https://en.m.wikipedia.org/wiki/Alternative_minimum_tax https://en.m.wikipedia.org/wiki/Alternative_minimum_tax
- thebean11 7y ago> I want to be paid in stock so I can avoid income tax I'm paid partially in stock, still pay normal income tax of the value of the stock the day it's granted
- jldugger 7y agoIndeed. You need to be paid in stock that is nominally worthless. Until some magic happens later: https://en.wikipedia.org/wiki/Carried_interest https://en.wikipedia.org/wiki/Carried_interest
- zrail 7y agoThe IRS figured that out long ago. Equity compensation is taxed as ordinary income at the moment it’s considered fully available and not forfeitable.