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Pastimes : Let's Talk About Our Feelings!!!
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To: Lizzie Tudor who wrote (71300)1/7/2000 10:01:00 AM
From: Bill  Read Replies (1) of 108807
 
You are right about options. The rules for non-qualified options are clearly oppressive to the holder as they are taxed as ordinary income on exercise, whether the holder sells the stock or not. This is an investment disincentive as it creates unnecessary trading of the stock to cover the high taxes generated on exercise. (ESOPs are treated differently.)

As I understand it, this treatment has nothing to do with the elderly, and everything to do with class warfare politics being waged by the likes of socialists in congress and the President. Gephardt, Bonior and crowd bitched loudly about Sil Valley millionaires and schemed to screw them.

So, in effect, as a dem, you screwed yourself.
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