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I mean, it's possible he paid tax on stock he got when he started Amazon. It just wasn't that much back then. Also, forcing people to selling stock seems like
by mciancia 5y ago
I mean, it's possible he paid tax on stock he got when he started Amazon. It just wasn't that much back then.
Also, forcing people to selling stock seems like something that can be abused - imagine stock spike like we had with GME this year, during change of address year followed by significant drop. You would probably have to pay more tax than stock is actually valued at.
- mjmahone17 5y agoNote this happens all the time to people who vest stock, and then before the next trading window the stock tanks in value. The employee owes income tax on the stock they vested, at the time the stock was granted, then have capital losses for the drop in share price. Losing 90% of the value of say $1,000 of stock, you could still owe something like $300 in taxes on what is now worth $100. This is the normal world for employees. I’m not totally sure why we would want billionaires to shoulder less downside risk than their wage earning employees?