Our tax system is based on the concept of "realization." Interesting that the same system that un-taxes the original corporate owner (Zuckerberg, Jobs) punitiv

Our tax system is based on the concept of "realization." Interesting that the same system that un-taxes the original corporate owner (Zuckerberg, Jobs) punitively taxes rank and file staff who exercise options in pre-IPO stock as "realizing" gains as "ordinary income", even though the stock is illiquid.