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Re:US inflation means families are spending $709 more per mo... by 01100011 on Sunday August 13, 2023 @03:30PM (#37113418)
My paycheck is quite small due to the massive tax withholding I need to pay the taxes on my RSUs. I don't currently spend more than a fraction of my shares but I certainly use some of the proceeds to pay monthly expenses. I also sell company stock as soon as I get it and diversify(currently just buying T-Bills) because keeping all your eggs in one basket(i.e. keeping your wealth in the stock of the company that pays your salary) is bad risk management.
Re:US inflation means families are spending $709 more per mo... by scarface_74 on Sunday August 13, 2023 @03:46PM (#37113634)
You don’t have the option for the company to just sell enough stock to pay the taxes on the RSUs once they vest?
Re:US inflation means families are spending $709 more per mo... by 01100011 on Sunday August 13, 2023 @03:51PM (#37113687)
No. Max withholding on RSUs is something like 22% so I have to make up the difference or owe tens of thousands at the end of the year.
Re:US inflation means families are spending $709 more per mo... by scarface_74 on Sunday August 13, 2023 @04:00PM (#37113784)
When I was at Amazon (ie until last Friday). We had three options - sell all, sell enough to cover taxes, or sell none of it and pay taxes - some other kind of way that I never looked into.

Even if that’s not the case, what’s stopping you from selling enough stock yourself once they vest and make quarterly payments?

My tax rate was 22%+7.3% FICA near the end when I moved to Florida - a state with no state income tax.

Re:US inflation means families are spending $709 more per mo... by 01100011 on Sunday August 13, 2023 @04:06PM (#37113856)
Nothing stops me. I just don't do that.