And it is still an amount you don't have. I don't know if you have actually ever dealt with these things but in the day you are given the warrant it has some intrinsic value. Someone might give you $20 for a $10 warrant if he things the firm is going to do well but all you have is a piece of paper in hand and all you have 5 years later is that same piece of paper. The only way to get anything in hand other than paper is to sell the warrant or excercise it AND sell the stock.The delta in the warrant on the close of day issued is taxable income because it is an amount not had before.
TrueThe amount contributed to purchase the warrant is not taxable.
No, it is not income received. They are calling it income received so it can be taxed but it isn't. I can assure you that nobody ever wrote me a check nor compensated me in any other way when I exercised a warrant nor did I receive a penny for it until I sold the share.The delta is income received, even though immediately invested, and is taxable.
Well of course the whole idea behind ISO's was to do exactly that: transfer wealth to the employees of corporations if the company fared well and to do so without having to give them actual shares of stock.Else, I could use warrants to transfer or pay large amount of taxable wealth as a loophole.
No, not at all. It is taxable because the AMT says that I can be taxed for income I did not receive.You are missing the why this is taxable.
Definitely no. A quarter of our income will barely cover one Cybertruck, let alone someone else's!Ahem, Crissa’s spouse is buying CTs for every member from Los Angeles In celebration.
I won't say that some rich folks don't own a politician or 3 but I think the real reason is that capital has greater potential to earn than labor. And that it has always been that way and always will be that way. At least that's what Thomas Pickety says and I'm beginning to think he knows what he is talking about.the fact is that they control the government. That’s why their income has has continued to grow and the rest of the population has stagnated.
That has nothing to do with taxation rates....Thomas Pickety says and I'm beginning to think he knows what he is talking about.
It is only legal because the mega rich get their cronies in office. Since citizens united it has gotten worse . They finance misinformation campaigns and discouraged/underfunded audits on the rich. Many of them are getting away with criminal tax evation.If there is anything the IRS does crack down on it is mixing business and personal expenses. There are still abuses though, of course. The one example I have had first hand experience with is a scuba diving cruise through the Sundas (Indonesian archipelago). The diving was great but one day they loaded us all into Zodiaks and took us to a leprosarium. Why would they do that? There was a group of doctors on board. There are no active leprosaria in the USA. Therefore, if you want to visit a leprosarium you must travel to someplace like Indonesia. And the trip is tax deductible as a business expense. Note that the docs also had "seminars" in the lounge after dinner.
The thing many people don't understand is that it is true that the super rich pay taxes at overall rates that are effectively much lower but the majority of them are doing it quite legally. So if you really want to point the finger of blame for tax inequity don't point it at the rich folks. Point it at your elected representatives who passed the laws the rich folks are using to shield themselves. Can't blame 'em IMO.
Piketty doesn't have anything to do with low taxes on the rich. He advocates a wealth tax, too.Pickety is pretty convincing.
I thoughtIf there is anything the IRS does crack down on it is mixing business and personal expenses. There are still abuses though, of course. The one example I have had first hand experience with is a scuba diving cruise through the Sundas (Indonesian archipelago). The diving was great but one day they loaded us all into Zodiaks and took us to a leprosarium. Why would they do that? There was a group of doctors on board. There are no active leprosaria in the USA. Therefore, if you want to visit a leprosarium you must travel to someplace like Indonesia. And the trip is tax deductible as a business expense. Note that the docs also had "seminars" in the lounge after dinner.
The thing many people don't understand is that it is true that the super rich pay taxes at overall rates that are effectively much lower but the majority of them are doing it quite legally. So if you really want to point the finger of blame for tax inequity don't point it at the rich folks. Point it at your elected representatives who passed the laws the rich folks are using to shield themselves. Can't blame 'em IMO.
I thought this was a site for the truck. Not for debating How he spends or don’t spend his money. Get life. !!!!I thought
The fact that Donald Trump is being charged in New York is a pretty good start. Several of his top people were living in Trump properties. If they were not paying taxes on that benefit that is tax evasion for them. If Trump was pushing income off to his family without them reporting, that is tax evasion for them. Overstating loss on investment is tax evasion.I know people just love to think that way but I really don't think that's the root cause. Pickety is pretty convincing. You think "many.. are getting away with criminal tax evasion". Be curious as to how you come to that conclusion. You don't say "I think" or "I suspect" so you must have some pretty solid evidence.
