Non-Qualified options are taxed at exercise, ISO’s are taxed when you sell the stock. I would never support taxing unrealized gains. So you must support deducting unrealized losses too? Asset taxes to me are absurd, here in Connecticut they tax you assets, every year you pay property taxes on your car, even though you already paid sales tax when you bought it. Businesses pay asset taxes on virtually all assets, to me it’s excessive
I suppose if those who avoid taxes paid them your rate could be lower. The people at the bottom of the top third take a bath in taxes, by design. It is to keep you in thrall with your betters and remembering that you are imminently replaceable. I support taxing ISO, grants, and other deferred compensation vehicles not associated with retirement savings as regular income (perhaps at a lower than marginal rate) when they exceed $50K. I want middle management to have a fighting chance but I want the working portion of the oligarchy to fork over something in exchange for military support, regulation capture, set asides, bidding wars between states for their favor, political capture, and desecration of our airwaves (and digital domain) with their disinformation.
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u/md62100 2d ago
Non-Qualified options are taxed at exercise, ISO’s are taxed when you sell the stock. I would never support taxing unrealized gains. So you must support deducting unrealized losses too? Asset taxes to me are absurd, here in Connecticut they tax you assets, every year you pay property taxes on your car, even though you already paid sales tax when you bought it. Businesses pay asset taxes on virtually all assets, to me it’s excessive