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> Steve Jobs set his pay to $0. No, he earned $1 a year. Guess how much he paid in income taxes.

• egberts1 4y ago
  A lot, mostly in form of capital gain taxes incurred through stock sales from exercised options. But hey, he technically paid zero taxes on his wage of $1.00.
  • maxwell 4y ago
    I said income tax.
  • salawat 4y ago
    Not exercised options. Exercised options and resale, likely with a 2 year hold period. Otherwise, you are essentially paying income tax via short-term capital gains.
    • nunez 4y ago
      20% on LTCG above $500,000 is still a hell of a lot cheaper than 39%+ (tiered) on income above $500,000 or whatever.