4 ms·
That was the FAANG stocks doing the thinking
by qshaman 5y ago
That was the FAANG stocks doing the thinking
- lostmsu 5y agoI don't think FAANG young engineers earn $250k cap gains a year.
- qshaman 5y agohttps://www.levels.fyi/ https://www.levels.fyi/
- lostmsu 5y agoThis is total income, not cap gains man.
- loeg 5y agoRSUs are ordinary income, not capital gains.
- efficax 5y agoRSUs are taxed as ordinary income but when they vest they become (usually) class A shares. The sale of those shares will incur capital gains taxes, if there is a gain.
- loeg 5y agoSale at time of vest would have zero or likely negligible capital gain/loss, and then it's the same as any other income. Yes, if you hold the shares (much like buying any other stock with your income), and it appreciates, you would have capital gains. Re levels.fyi, the compensation figures are just time of vest.
- triceratops 5y agoSo sell just enough to stay under the $250k/year in cap gains. I'm still not seeing a problem here.