Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Just_Observing who wrote (94248)	4/15/2001 7:39:42 AM
From: maceng2	Read Replies (4) of 436258

Just Observing, re Thousands of technology workers are facing huge tax bills by Monday's income tax filing deadline because of company stock they purchased last year that has since plummeted in value. Accountants and politicians from Silicon Valley to Boston say they have been inundated with horror stories about shares purchased with employee options that workers once had hoped would make them rich. Instead, the shares saddled them with big tax bills on profit they never saw. Well there is only a certain amount of truth in that story. The correct thing to have done was put aside the taxes when the stock options were cashed in and turned into stock.... Fairly straightforward, and those who don't pay suitable attention to Uncle Sam get in deep doo doo. Uncle Sam is even a tougher character then our own IRS, but they charge more of course -g- They were speculating with money that belonged to the tax man and it didn't work out. I think those guys should be given a once in a lifetime break though. It was probably stoopidity rather then criminal tendency that made them do it. stoopit clowns pearly.

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