Just the Tax

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Mo
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Re: Just the Tax

Post by Mo » 14 Nov 2017, 16:01

Highway wrote:
14 Nov 2017, 15:33
Jennifer wrote:
14 Nov 2017, 15:31
I don't even know what the presumed benefit of the proposal "tax stock options when they mature, not when they're sold" is supposed to be.

https://www.cnbc.com/2017/11/13/silicon ... D=ref_fark
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Right. The goal is to limit the cost today so that the bill falls under the $1.5T that they need to stay under for a 50 vote win (of course it just exacerbates Byrd rule issues). That's why they were trying to shift 401(k)s to Roths. Basically they went overboard on cuts for the wealthy and corporations and are scrounging for pennies between the couch cushions, like this and the adoption credit.
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JasonL
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Re: Just the Tax

Post by JasonL » 14 Nov 2017, 16:05

That same proposal seeks to repeal the underlying regulations that support the existence of executive deferred compensation plans. It is a big tax bill some very rich people would be getting if it passes.

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Mo
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Re: Just the Tax

Post by Mo » 14 Nov 2017, 16:22

JasonL wrote:
14 Nov 2017, 16:05
That same proposal seeks to repeal the underlying regulations that support the existence of executive deferred compensation plans. It is a big tax bill some very rich people would be getting if it passes.
But those are merely very rich people that work. They're proles.
his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

no one ever yells worldstar when a pet gets fucked up - dhex

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nicole
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Re: Just the Tax

Post by nicole » 14 Nov 2017, 16:26

Now they're going to cut my taxes AND repeal the individual mandate at the same time? Wtf I love Trump now x2.
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dbcooper
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Re: Just the Tax

Post by dbcooper » 16 Nov 2017, 18:50

Slip inside a sleeping bag.

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the innominate one
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Re: Just the Tax

Post by the innominate one » 16 Nov 2017, 18:55

Silver lining: maybe they'll have to hire more people who already have graduate degrees.
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JasonL
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Re: Just the Tax

Post by JasonL » 16 Nov 2017, 18:56

It's all madness until reconciliation. Who knows what's happening.

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thoreau
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Re: Just the Tax

Post by thoreau » 16 Nov 2017, 19:22

re: Stock Options

The presumed benefit of the proposal is to punish an industry segement that leans pretty heavily Blue.
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Fin Fang Foom
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Re: Just the Tax

Post by Fin Fang Foom » 16 Nov 2017, 19:24

thoreau wrote:
16 Nov 2017, 19:22
re: Stock Options

The presumed benefit of the proposal is to punish an industry segement that leans pretty heavily Blue.
It is good to hurt the best things in Georgia, Florida, Texas, North Carolina, and Ohio. Especially Ohio, NC, and Florida, since they might actually vote blue.
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the innominate one
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Re: Just the Tax

Post by the innominate one » 16 Nov 2017, 21:54

"Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies." -E Benn

"No shit, Sherlock." -JsubD

"now is the time to go fuck yourself until you die." -dhex

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Mo
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Re: Just the Tax

Post by Mo » 16 Nov 2017, 21:56

Republicans are in their, "Fuck it, we're losing next election anyway," phase.
his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

no one ever yells worldstar when a pet gets fucked up - dhex

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the innominate one
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Re: Just the Tax

Post by the innominate one » 16 Nov 2017, 21:59

If so, they're doing it to themselves. Trump is in office due to a form of populism. They could feed that in either a healthy or unhealthy way and stay in office. It doesn't seem that's what they're going for.
"Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies." -E Benn

"No shit, Sherlock." -JsubD

"now is the time to go fuck yourself until you die." -dhex

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JasonL
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Just the Tax

Post by JasonL » 17 Nov 2017, 00:18

It is weird that donkeys wouldn’t be down with taxing RSU, options and deferred comp.

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Mo
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Re: Just the Tax

Post by Mo » 17 Nov 2017, 00:24

JasonL wrote:
17 Nov 2017, 00:18
It is weird that donkeys wouldn’t be down with taxing RSU, options and deferred comp.
Donors brah. Though I suspect when they reverse these taxes in 2021, those taxes may get left on the cutting room floor. We're going to get 'deficit neutral' universal health care paid for by backing out the tax cuts.
his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

no one ever yells worldstar when a pet gets fucked up - dhex

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JasonL
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Re: Just the Tax

Post by JasonL » 17 Nov 2017, 08:52

I didn’t mean really weird. I meant more haha what’s your brand again?

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Mo
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Re: Just the Tax

Post by Mo » 17 Nov 2017, 09:05

There's a rational basis for not taxing unrealized gains regardless of brand.
his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

no one ever yells worldstar when a pet gets fucked up - dhex

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JasonL
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Re: Just the Tax

Post by JasonL » 17 Nov 2017, 09:10

That's okay for the vesting of options thing, but RSUs and deferred comp?

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Mo
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Re: Just the Tax

Post by Mo » 17 Nov 2017, 09:32

RSUs are currently taxed when the shares are delivered, which is typically at the same time as vesting. Deferred comp is a pretty big loophole, but there are legit purposes that are swamped by people loopholing it.
his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

no one ever yells worldstar when a pet gets fucked up - dhex

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JasonL
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Re: Just the Tax

Post by JasonL » 17 Nov 2017, 09:48

It is not uncommon for say board members or executives to have a plan that makes payments in RSUs taxable at vesting but also a non qualified arrangement that allows you do defer shares until separation of service. Taxability of RSUs in such deferred arrangements is essentially the same as taxation of deferred comp - taxed upon "constructive receipt" of the funds. These plans are unlimited in contribution amounts or share amounts that can be deferred.

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Mo
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Re: Just the Tax

Post by Mo » 17 Nov 2017, 10:26

Yeah, that's more a deferred comp issue than an RSU issue.
his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

no one ever yells worldstar when a pet gets fucked up - dhex

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fyodor
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Re: Just the Tax

Post by fyodor » 17 Nov 2017, 12:32

Re fewer brackets. For "simplification"? I understand simplification for making it easier to do one's taxes and for understanding what you're in for to facilitate decision making. Do fewer brackets really accomplish any of that?
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Mo
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Re: Just the Tax

Post by Mo » 17 Nov 2017, 12:33

No. You could have infinite brackets and still be simple.
his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

no one ever yells worldstar when a pet gets fucked up - dhex

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fyodor
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Re: Just the Tax

Post by fyodor » 17 Nov 2017, 12:42

That's what I was thinking. What'sthe appeal of that? Stealth reduction?
Your optimism just confuses and enrages me. - Timothy

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nicole
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Re: Just the Tax

Post by nicole » 17 Nov 2017, 12:43

Yes. I had thought it would be as a stealth increase, but it's not: http://www.businessinsider.com/tax-brac ... on-2017-11
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Warren
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Re: Just the Tax

Post by Warren » 17 Nov 2017, 12:43

Mo wrote:
17 Nov 2017, 12:33
No. You could have infinite brackets and still be simple.
Right. The monstrosity of the tax code is all about calculating "taxable income". What counts as income, what can be deducted, it's a nightmare. However, once you arrive at the magic number, it's a simple matter to y = mx+b it to get a progressive tax. If you wanted to get a little more progressive you could do a second order y = ax2+bx+c and Congress could wrangle over the abc's.
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