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Some of my friends started a startup together post our company's IPO. They're fairly wealthy. They make no money yet. Unless you're counting unrealized capital
by scarejunba 7y ago
Some of my friends started a startup together post our company's IPO. They're fairly wealthy. They make no money yet.
Unless you're counting unrealized capital gains.
- yibg 7y agoWouldn’t capital gains be considered income? Especially if it’s received as part of some work, either working for someone else and getting equity or your own startup and getting equity. Sure it’s not salary income but it’s typically be considered part of total compensation for work.
- scarejunba 7y agoUnrealized capital gains are generally not considered income. It's only when they're realized that they become income.