"Mar’s proposal would deem stock option compensation when a company goes public as taxable payroll."https://twitter.com/sfexaminer/status/747977092596277248 …
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as an explainer, SF never enforced taxing them under the old law which voters threw out several yrs ago https://techcrunch.com/2011/02/18/san-francisco-wants-to-tax-your-stock-options-all-of-them/ …
Indeed. My Qs are motivated by that old tax, whose structure was truly bizarre. Taxable event for co was when employee sold.
So co theoretically had to track every option share and keep a reserve to hedge against risk that stock soars & employees sell
One early employee who hadn't been at company for years could theoretically drop a giant tax bill on their former company.
I'm in favor of higher taxes, but a tax where the timing or taxable amount is out of the taxee's control is just bad policy.
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