Comment on But how would they be able to live on that?
jj4211@lemmy.world 5 months agoThey are counted as income. When company grants stock, it appears in W2, for example.
The rub is when their extrapolated value changes, and this would be fine if they sold, as there is a tax system for handling that too, but there are gaps with borrowing where they can game the system by borrowing against the value instead of selling. By needlessly living in debt, they can manage their tax burden in ways unavailable to mere mortals.
Olgratin_Magmatoe@lemmy.world 5 months ago
That’s the exact kind of shit we need to end.
jj4211@lemmy.world 5 months ago
Well, sure. Just have to accurately describe what to stop. Usually calls to action don’t understand the actual scheme in play, so folks ask for things that either don’t make sense or already exist. Within that context hard to fight when you don’t even know what to fight
Olgratin_Magmatoe@lemmy.world 5 months ago
I agree that the specifics are important, but it is honestly just tiring trying to keep track of the countless loopholes that the rich use. The end result is that I know there is horseshit going on, but I just don’t have the time to always give a thoroughly researched answer every time.