Earlier quoted context omitted.
This could be a good thing. Liquidating wealth means opportunity for charity or other investments.
The dude just got married. Maybe he wants to buy a nice house.
He just bought a $7 million house last year.
Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
91–100 of 177 posts
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#92So what.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#93Earlier quoted context omitted.
No. His stock was near zero when he acquired (created) them. He'll pay full cap gain rates when he realizes them (which is 15% cap gains rate which is not too bad for him; I pay a lot more on my labor gains). He owes no tax until then. If you received stock worth , say, one million , you might want to sell 1/3 to pay the tax. Otherwise if stock price goes to zero you've got a million in losses to write off which is h…
(EDIT: I don't know anything about this subject, the below is only a naive question. See response.) are you sure about this. to me it's pretty obvious that if you receive a million dollars in stocks and, say, 48 hours later it goes to 0, then insofar as you owed taxes on the million due immediately, you have also just lost a million in taxable income; so you write the million loss off of the million in gains for net…
You absolutely owe the tax on the income - I personally know people who got bit by this.
It was your choice to let your bet ride by keeping it in the stock.
You can use the capital loss to off-set capital gains but you owe income tax on money you make when cashing out options.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#94Earlier quoted context omitted.
No. His stock was near zero when he acquired (created) them. He'll pay full cap gain rates when he realizes them (which is 15% cap gains rate which is not too bad for him; I pay a lot more on my labor gains). He owes no tax until then. If you received stock worth , say, one million , you might want to sell 1/3 to pay the tax. Otherwise if stock price goes to zero you've got a million in losses to write off which is h…
(EDIT: I don't know anything about this subject, the below is only a naive question. See response.) are you sure about this. to me it's pretty obvious that if you receive a million dollars in stocks and, say, 48 hours later it goes to 0, then insofar as you owed taxes on the million due immediately, you have also just lost a million in taxable income; so you write the million loss off of the million in gains for net…
Depends on the details, but they may be in different buckets that you can't use to offset each other. Exercising the options is probably ordinary income, which can only be offset to $3k with short term capital losses.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#95Earlier quoted context omitted.
(EDIT: I don't know anything about this subject, the below is only a naive question. See response.) are you sure about this. to me it's pretty obvious that if you receive a million dollars in stocks and, say, 48 hours later it goes to 0, then insofar as you owed taxes on the million due immediately, you have also just lost a million in taxable income; so you write the million loss off of the million in gains for net…
You absolutely owe the tax on the income - I personally know people who got bit by this. It was your choice to let your bet ride by keeping it in the stock. You can use the capital loss to off-set capital gains but you owe income tax on money you make when cashing out options.
Wow. All I can say is, "Are you sure?" How was it "your choice to let the bet ride." I mentioned a very short window - what if you were hospitalized between receiving the security and being able to dispose of it because you didn't want to keep it?
How can a type of income possibly be in a different bucket from loss of that very type of income?
This doesn't make any sense to me.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#96Earlier quoted context omitted.
(EDIT: I don't know anything about this subject, the below is only a naive question. See response.) are you sure about this. to me it's pretty obvious that if you receive a million dollars in stocks and, say, 48 hours later it goes to 0, then insofar as you owed taxes on the million due immediately, you have also just lost a million in taxable income; so you write the million loss off of the million in gains for net…
Depends on the details, but they may be in different buckets that you can't use to offset each other. Exercising the options is probably ordinary income, which can only be offset to $3k with short term capital losses.
wow. You could really fuck someone over by giving them something worth much more than their net worth and making sure it's damaged to worthlessness shortly thereafter.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#97Earlier quoted context omitted.
I haven't been on HN for as long as most folks here. What is the policy on grammar correction? I know personally I want to be corrected if I make an error, but I don't think everybody feels that way... Just curious so as to not rock the boat.
For single posts, I'd say resist the impulse; it adds noise to the discussion and rarely helps anything. If the error is repeated, then it may be more helpful to correct. Mainly I think we try to just lead by example.
The OP used "loose" twice in his comment. My post was to point out his mistake without being snarky. Obviously, some people think otherwise.. sigh..
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#98Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#99Earlier quoted context omitted.
replace loose with lose. See: http://theoatmeal.com/comics/misspelling
Start your sentences with a capital letter. See: http://en.wikipedia.org/wiki/Letter_case
right. because starting with lowercase changes the meaning of what i wrote unlike loose lose, which are totally, like, the same thing.
Re: Mark Zuckerberg sells 30.2 million shares of $FB common stock at $37.58
#100Earlier quoted context omitted.
I think you mean 'capital', as in capitalism. Capitol is the building in which a legislature meets. eg: The Capitol Building.
Which is extra confusing, because it's in the capital city.
The capitol in the capital on capitol hill, down the parkway past the park. No, the park park, not the car park. English is a fun language. No opinion on the English though.