A choice highlight here:pic.twitter.com/W453kFgDnG
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But wouldn't Mar's plan tax the companies at the time of sale? And wouldn't it likely drive more companies towards all-cash comp packages, which would be better for the average employee in scenarios where the IPO goes bust (I still think it's a terrible idea as designed)?
That’s not how it was written....
“As written, the initiative seems to assess a tax against stock as soon as it vests — even if the actual stock option is not exercised.” What?!
Only one quibble: a jet ski is probably always a good purchase, especially in the world of $4 million tax bills on phantom income.
Another reason for a mandatory IQ and issue understanding test for politicians. How can someone living in SF be so uneducated
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