3 ms·
> It will be interesting to see how many of these IPOing company employees move this year and next to attempt to avoid CA capital gains tax. (added attempt to)
by philsnow 6y ago
> It will be interesting to see how many of these IPOing company employees move this year and next to attempt to avoid CA capital gains tax.
(added attempt to)
If you worked in California while you were earning that stock / options, they'll come after you for the taxes.
California knows. They know that people want to try and have tried to dodge these taxes. They will find you and get their pound of flesh.
- colonelxc 6y agoBut the company has existed for a long time. The higher ups of the company have already vested a lot of stock (which would not be subject to California's reach). I admit I wouldn't know how options would play out here, but if the reason for the move is 'avoid taxes', they have probably done their due diligence.
- mrgordon 6y agoIf your stock options were exercised, you now are a shareholder and you pay taxes in the state of residence at the time of sale. If you don’t live in California (for real) then they aren’t going to be able to tax you on the sale. RSUs with a double trigger on IPO will still be taxed on vesting as if you were in CA.
- opportune 6y agoI've been downvoted for pointing out the same thing on HN before. A bunch of people who have never been granted RSUs or options on here who consider themselves experts on how those are taxed