Just saw this on my Facebook feed…it looks like the senators want folks who are vested to pay taxes on equity that they cannot liquidate. That makes no sense at all.
Of course, I think it’s going to be tough to find people who can empathize when you throw around a $200k stock option like it’s nothing.
Sounds ridiculous. Few companies which once were a startup are now collectively the world’s the 8th largest economy. This is killing the innovation and millions of future jobs.
Wasn’t it named Tax cuts and job act? hmmm blue California…
You don’t “own” the stock when you’ve vested in it. You have to exercise it to become the owner, I believe. Right now vesting is not a taxable event. Would have been nice if they included the language that he felt meant tax would have to be paid on shares you may not chose to exercise when you leave the company.