re: Bring Us Your Memes: 2024 Election Day and Beyond

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Sorry to bring reason and math to the table, but after a couple of years the interest on the loan is more than the taxes due.

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And how is the loan being paid back? What’s the source of that $$$?

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And how is the loan being paid back?

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No need to denigrate them further; they already admitted it was not a legitimate scenario.

You are going to upset them and push them further into victimhood if you continued to pick apart their false claim.

It was only done to start a conversation, even if fabricated with no basis in reality.

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It’s not even accurate. Short term cap gains are taxed as ordinary income.

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And the granting of stock is taxable as wages. If it's stock options, then it's income when those options vest. For example, if the hypothetical person is granted 1,000 shares that are valued at $1,000 each ($1M) that vests in a year, and the stock price is $1,500 on the vesting date, that person either needs to send in a check to cover the taxes of $1.5M of wages, including SS & Med, or have probably 400 shares withheld to cover the taxes resulting in 600 shares deposited into their investment account.