Is it right? From my knowledge stock compensation is considered as income and is taxed.
But I got your point. There are ways to be wealthy, have a rich lifestyle but report no taxable income/profit.
What you actually want is to have a wealth tax like in Switzerland. 0.05-0.3% annual tax based on net assets.
Re:The Death of the Middle-Class Musician
by Workaccount2 on Sunday June 29, 2025 @03:43PM
(#44415761)
Realizing stock value (selling stock) is considered income.
Looks like you are talking about stock options, not stocks.
If you receive a stock as compensation - it is an income. If you sell them years later with profit - it is additional extra income.
Re:The Death of the Middle-Class Musician
by FireBeyond on Sunday June 29, 2025 @06:23PM
(#44417099)
> Is it right? From my knowledge stock compensation is considered as income and is taxed.
Unless you have enough stock that you can take a zero or low interest loan against that stock as collateral and kick that can down the road until you die and there's a huge threshold for estate tax, that is if you've not got it structured so that the stock is owned by a trust.
The key word here is income. “Wealth” and “income” tend to be conflated by ostensibly intelligent people who should know better. If I’m granted a million dollars in stock but draw a $20K salary, I’m “wealthy” but not “paying my fair share” because I’ve hardly earned any income for the year.