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by AtlasBarfed 1831 days ago
You should know better, come on, income is pretty much bullshit when it comes to the rich. They don't make "income" since that is taxed. This has been true since Leona Helmsley and Cheers with the CEO making 1$ per year. The rich have wealth.

There was just a propublica about this. Anyone that knows anything about capital gains, stock options, etc (and I'm assuming you do since you are commenting on a forum run by a startup farm)

1 comments

Stock options and RSUs are largely taxed as ordinary income. There is a way to forward exercise options and save, but that’s super rare for non-founders (and only super successful at that). While I agree that the truly wealthy have ways to structure their wealth to reduce tax burden, vast majority work for a living and don’t have such perks.