Who Really Pays Taxes? Message Board

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Non-Tech : Who Really Pays Taxes?

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To: Lizzie Tudor who wrote (273)	8/15/2000 4:55:26 PM
From: TimF	of 666

But taking a real world example, you work at yahoo for 80K/year and have 2000 stock options at 10$. Somebody else works at some other company for the same salary and buys yahoo stock - where it promptly goes to 200$. So you are looking at about 400K taxed as income for one guy and taxed as a lt capital gain for the other person. The yahoo worker is creating all the wealth, why reward the armchair quarterback? If someone else is working at another company for the same salary and also has good stock options then he is paying taxes on the stock options. If he does not have stock options then he is effectively paid much less, so it does not seem unfair that he gets taxed less. If he bought Yahoo stock he probably paid more then $10 per share for it and also took a risk with money that came out of his salary. The guy who has the options for $10 still has the stock options and the $80k salary. He didn't have to risk any of the $80k on buying stock to get the return. Tim

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