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Is it right? From my knowledge stock compensation is considered as income and is taxed. But I got your point. There are ways to be wealthy, have a rich lifesty
by ponector 1y ago
Is it right? From my knowledge stock compensation is considered as income and is taxed.
But I got your point. There are ways to be wealthy, have a rich lifestyle but report no taxable income/profit.
What you actually want is to have a wealth tax like in Switzerland. 0.05-0.3% annual tax based on net assets.
- Workaccount2 1y agoRealizing stock value (selling stock) is considered income.
- ponector 1y agoLooks like you are talking about stock options, not stocks. If you receive a stock as compensation - it is an income. If you sell them years later with profit - it is additional extra income.
- FireBeyond 1y ago> Is it right? From my knowledge stock compensation is considered as income and is taxed. Unless you have enough stock that you can take a zero or low interest loan against that stock as collateral and kick that can down the road until you die and there's a huge threshold for estate tax, that is if you've not got it structured so that the stock is owned by a trust.