Re:How People Get Rich Now
by xur17 on Monday April 12, 2021 @05:10PM
(#26785234)
How so? Isn't it just taxed as normal income at vesting time? Most employers automatically sell enough to cover the tax withholding to solve any issues.
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Wash sales, long term/short term gains and associated tax issues, RSU withholding which is a fixed amount and not based on the income tax withholding, and a typical broker account to sell/get money are massively more complicated than a direct deposit to your bank account and money back from the government at the end of the year unless you massively screw it up.
By number, most of Amazon’s employees are working minimum wage and probably don’t have much of a balance. Many of them might get evicted if pay gets delayed even a couple weeks.
Re:How People Get Rich Now
by slongfield on Monday April 12, 2021 @07:12PM
(#26786308)
FWIW, Amazon doesn't treat its warehouse employees well, but it does pay more than minimum wage.
Re:How People Get Rich Now
by liveoneggs on Wednesday April 14, 2021 @09:54AM
(#26807094)
I only have limited experience but first I had to do an 83(b), then dealing with a K-1, and didn't make crap from the company so my RSU ended up costing more in accountants than netting money for me.
Amazon is probably a safer bet.