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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
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@kimmaicutler

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Kim-Mai CutlerVerified account

@kimmaicutler

Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.

San Francisco
medium.com/initialized-ca…
Joined April 2008

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    Kim-Mai Cutler‏Verified account @kimmaicutler Jun 16
    • Report Tweet
    • Report NetzDG Violation

    Kim-Mai Cutler Retweeted Trisha Thadani

    At a time when Stripe already decided to leave the city for the peninsula and then Square, Twitter and Coinbase went remote, some SF supervisors are putting a tax on stock-based compensation on the ballot.https://twitter.com/TrishaThadani/status/1273073464107167746 …

    Kim-Mai Cutler added,

    Trisha ThadaniVerified account @TrishaThadani
    Remember 2019's "IPO tax?" Well, it's back (and dubbed the less-sexy-but-more-accurate name: "stock compensation tax.") When it was intro'd last year, SF was bracing for a wave of IPOs and a sudden injection of wealth. Now things are... different: https://www.sfchronicle.com/politics/article/Another-business-tax-heads-to-SF-s-November-15345208.php?utm_campaign=CMS%20Sharing%20Tools%20(Premium)&utm_source=t.co&utm_medium=referral …
    9:20 PM - 16 Jun 2020
    • 33 Retweets
    • 282 Likes
    • Mark Verner yearend. Clare Corthell Wes Footracer Adrienne St. Aubin Theo, Yes on Prop 15 this November Andrew Barisser Christina Melas-Kyriazi Sara Ogilvie
    13 replies 33 retweets 282 likes
      1. Kim-Mai Cutler‏Verified account @kimmaicutler Jun 16
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        Kim-Mai Cutler Retweeted Teddy Schleifer

        The last time they proposed it, they had no idea what vesting was.... https://twitter.com/teddyschleifer/status/1151537546112823296?s=21 …https://twitter.com/teddyschleifer/status/1151537546112823296 …

        Kim-Mai Cutler added,

        Teddy SchleiferVerified account @teddyschleifer
        I was very surprised when I interviewed the SF supervisor responsible for the IPO tax that he had not seemed to really think through the implications of his proposal. https://www.vox.com/recode/2019/5/15/18618727/silicon-valley-san-francisco-ipo-tax … pic.twitter.com/V9kBAAWFAh
        Show this thread
        10 replies 7 retweets 120 likes
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      1. Michael Nielsen‏ @michael_nielsen Jun 16
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        Replying to @kimmaicutler

        They may get what they obviously want.

        0 replies 0 retweets 10 likes
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      1. Ale Resnik‏Verified account @AleResnik Jun 16
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        Replying to @kimmaicutler @garrytan

        I’d say LOL, but it’s more like apic.twitter.com/bikNRaYR7y

        0 replies 0 retweets 9 likes
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      1. oliver‏ @onewland Jun 16
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        Replying to @kimmaicutler

        Reading that article, I don't get the sense that this covers RSUs. Seems to me like it will miss out on most potential revenue.

        0 replies 0 retweets 2 likes
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      1. New conversation
      2. Vinay Hiremath‏ @vhmth Jun 16
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        Replying to @kimmaicutler @garrytan

        It says a lot about a government when they have 2 choices (reduce cost or increase tax) and they predominantly do one of these things during a period of increasing scarcity. The SF govt is incompetent on matters of money, which is tragic for such an economically productive city.

        3 replies 1 retweet 20 likes
      3. Alamin Uddin‏ @alfromnexhealth Jun 16
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        Replying to @vhmth @kimmaicutler @garrytan

        Wonder why SF leadership doesn't change. Who votes for these people?

        0 replies 0 retweets 4 likes
      4. End of conversation
      1. New conversation
      2. Mike Schiraldi‏ @MikeSchiraldi Jun 16
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        Replying to @kimmaicutler

        I saw a tweet earlier claiming that none of the 11 supes has ever worked for a company before. That can't possibly be true, could it?

        0 replies 1 retweet 9 likes
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      2. Eeeszy‏ @Eeeszy Jun 16
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        Replying to @kimmaicutler

        1.12% doesn't seem very big.

        1 reply 0 retweets 0 likes
      3. Fire Tracker‏ @TheFireTracker2 Jun 17
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        Replying to @Eeeszy @kimmaicutler

        On top of 30% federal cap gains and 10% state cap gains. Sandpile effect.

        0 replies 0 retweets 2 likes
      4. End of conversation

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