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at $70 a share. Based on analysis by Insider, the fourth tranche alone would have been worth more than $3 billion at the time it was unlocked. In California, equity awards, such as those in Musk's compensation package, are taxed as income, Seth Pardee, partner at law firmThe timing of when equity awards are taxed is key for a situation like Musk's. Option awards with a vesting requirement are taxed in California when the options are used to actually purchase stock — this is also called "exercising" the option.
This means the state would calculate the time between the grant date, January 21, 2018, and the exercise date of the options, looking at the number of days he was working in California during this period and dividing it by the total time between the grant and exercise, according to Pardee. That fraction of Musk's income from exercising his options would then be subject to California income tax.
California politicians, for the most part, are a joke. They have ruined a perfectly beautiful state. Sadly, It’s is on an accelerated path towards even more ruin but I suppose people deserve the politicians they vote in.
Why would you choose this picture?It’s clearly to vilify him. How can you be a “business” platform while also vilifying smart business people for making money. Where’s the line of ok to make money and your evil due to it? We must stop this toxic relationship with wealth.
good luck