Remember when Spez said it was “It’s time we grow up and behave like an adult company”? Apparently, that means paying himself $193 million and single-handedly tanking Reddit’s profitability right b…::undefined

  • willington@lemmy.dbzer0.comEnglish
    7·
    9 months ago

    I don’t like the idea of calling it a non-payment when receiving compensation in the form of valuable assets in addition to money.

    Receiving stocks or gold bricks or houses or blow jobs, or anything else of value, is payment, and should be taxed as such.

    • batmaniam@lemmy.worldEnglish
      1·
      9 months ago

      For the record it absolutely is taxed as such. As soon as it vests the IRS considers it income, whether they sell it for the cash or not.

      Its a huge headache for startups sometimes. I had team members I wanted to compensate but just giving them the equity would have been an imediate big tax bill on a non-liquid, and speculative, asset. There’s ways to massage it (like vesting) but he will absolutely have that taxed.

      Oh, and I could be wrong but I think the share value is just taxed as ordinary income, not capital gains. Ie: if the award is denominated in $1 shares, which he sells for $1.10, the $0.10 gets capital gain rates (if he held it for a year) but the $1 is taxed just like a paycheck.