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That's completely nonsensical. I'm in Washington. I sold my options from my startup that was basically all profit last year and it was greater than 250k. Under
by harshalizee 5y ago
That's completely nonsensical.
I'm in Washington. I sold my options from my startup that was basically all profit last year and it was greater than 250k. Under this law, I would have coughed up 7% more in taxes.
I'm not even remotely a highly paid dev. I just got lucky after years of being underpaid. This will affect way more people than just 7000 individuals.
- syshum 5y agoThe government always has to push the narrative that their tax increases will be on "them" the others, the people better off then you, not you. No no we will never increase YOUR taxes, we are only taxing "them" the ones that sleep on money and keep you down by not paying their "fair share" Of course when the tax bill actually comes many people are often shocked they are included in "them"
- imtringued 5y agoIf it were easy to generate the necessary inflation to avoid laws like this then nobody would have bothered with a capital gains tax increase or even with the idea of a wealth tax. Yes, the number of options are decreasing day by day...
- mattmcknight 5y agoAgree, it would be more than 7000. I was just reacting to the the claim that it would affect the "most wealthy" which is not what an income tax targets.