Sounds like the tax is on point!
Shocking, the super-rich warning the economy will collapse if they aren’t allowed to become utra-rich (as quickly as they can now).
Oh, is that how this works? Well, considering the capital gains tax is significantly lower than the income tax, it sounds like wr should stop labouring, based on this logic.
“Innovation industry”?! Excuse me? Is that similar to “job creators” regularly doing mass layoffs? Give me a goddamned break…
This could be great for tech workers. Options are actually the worst form of compensation, and companies use them to lure employees into jobs in the tech industry that pay far lower than the same job in the US while it costs the company virtually nothing.
The real reason these guys running “innovation” companies are seething is that to compete it will mean they have to increase the base pay to tech workers (which is better for the employee) or they can issue stock instead of stock options (the issued and vested stock is taxed as income.) But they don’t want to do this because they’re greedy.
This tarnishes the allure of stock options, which is great.
That was my initial thought, before I read it again and realized it’s 250K capital gains. This isn’t triggered by having say 500K RSUs vesting. It’s triggered when your shares’ value grows by >250K in a year. 🥹
So while I agree with you on RSUs, this isn’t even touching that for almost all people but perhaps some execs.
If tech industry is warning, then Chrystia did a good budget. Period.
Bitch bitch bitch, no one should be making more than 250k a year, fuck thoese people anyways
250K in capital gains
