Guessing that the projections for California’s budget deficit didn’t take the incredible Nasdaq run, trillion-dollar market caps & IPO boom into account.
Curious to see how much of the gap it closes.
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do they own stocks?
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Assuming people sell to realize their paper gains before exiting the state and don’t have offsetting losses.
Given the massive shift to RSUs for compensation by both the large tech giants (public) and the new decacorns, most of the tax gains will accrue to the state on vesting.
This could be an issue long term, but unlikely to be on in 2020. Just the Apple/Google employee base alone...
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Ya good point. I wonder what the total YoY increase in value of RSU comp to CA residents is.
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