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[–] 5 points 1 month ago (4 children)

It’s a pretty good loophole though. A stocks value is considered an unrealized gain when you receive it but don’t sell it. My company gives me stock, but I don’t sell it. If I had to pay taxes on that, I’d be fucked. Maybe they could create some kind of untaxed minimum based on some index. And possibly even brackets.

But of course there’s a reason they like it this way.

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  • [–] 14 points 1 month ago* (last edited 1 month ago)

    Stocks are not a necessary piece of compensation for anyone. Besides, if you can borrow money from a bank using stocks as collateral then it is effectively a liquid asset that you absolutely should pay tax on. The simplest solution to that problem is to disallow stocks from being used as collateral.

    Every loophole can be closed if we decide we want to. The ones that are still open were intentionally left open to benefit the rich.

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