No, the bonus was all stocks so he can take a loan at 0% using the stocks as collateral and not have to pay taxes on it. If they paid him an actual bonus in real dollars he would have to pay taxes like one of us poors.
the bonus was all stocks so he can take a loan at 0% using the stocks as collateral and not have to pay taxes on it.
This is not accurate. Stock grants are treated as ordinary income on the date they vest. Sure after income tax is paid, you can do loans against it etc. But vesting of stock is a tax event. This is a common misunderstanding online.
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No, the bonus was all stocks so he can take a loan at 0% using the stocks as collateral and not have to pay taxes on it. If they paid him an actual bonus in real dollars he would have to pay taxes like one of us poors.
This is not accurate. Stock grants are treated as ordinary income on the date they vest. Sure after income tax is paid, you can do loans against it etc. But vesting of stock is a tax event. This is a common misunderstanding online.