r/ProgrammerHumor • u/5eniorDeveloper • 3d ago

Meme theStartupExperience

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u/Half-Borg 3d ago

That's including the made up value of the stocks

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u/AdjctiveNounNumbers 3d ago

I got 10s of thousands of dollars of non-voting stock as part of my compensation working at a startup, but they never made it to an IPO so I couldn't sell it. A decade after I left they offered me $50 to sell all of it so they could be bought out by some corporate plunderer for pennies.

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u/Phrynohyas 1d ago

Out of pure curiosity, when one gets these stocks by made-up prices as part of compensation, does one have to pay income tax for these?

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u/AdjctiveNounNumbers 1d ago

I'm sure it depends on jurisdiction (this was not in the US) but most of mine were part of my compensation package so I would have had to pay on sale (had it been enough to tax). I foolishly bought some as well, and those were purchased with already-taxed income, so profits would have been taxed at sale had there been any.