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Correct me if I am wrong, wouldn't that mean if the stock value goes down and is sold at a much lower price, the collected tax would be much less? And isn't it
by TheChaplain 6y ago
Correct me if I am wrong, wouldn't that mean if the stock value goes down and is sold at a much lower price, the collected tax would be much less?
And isn't it possible to reduce tax even more from capital losses from stocks?
- sokoloff 6y agoYes to the second, which is inherently self-consistent policy in a taxation system that taxes income/profits. The first depends on the type of compensation and whether a prior 83(b) election was made (and taxes paid at that time). But in general, the money’s going to get taxed and if the taxpayer is a US citizen, the US will get its cut.