No this does not cause tax revenue to dissappear. (Unless the Dot.com crowd is truely not able to ever shoulder there AMT debt, that can't be erased by bankruptcy!)
Basically the businesses who granted the options took a tax break on the diffrence at the time options were granted. Many Option granting companies (like cisco and MS paid NO income tax, but did get there employees to shoulder it for them!) The same amount of tax is being assigned it's just being paid back by the little guy.
Lets see your employer got you to work 80hour weeks for options, ran the business into the ground putting you out of a job and making those options worthless and got you to pay the businesses tax debt! Rock On Capitalism!
Bullshit to you too.
I don't like Unions, they seem sort of grey and burocratic. However not having them is much worse.
Trust me when I say that the writer of the article, though possibly quite bright, was on the way OUT, regardless of the fate of the company. He Dragged his ass around the office, eyes glased and tired, he jumped around departments and dropped assignments, others had to finish major coding projects for him.
Trust me when I say that the second he burned out he was gone. In a right to work state like mine that means NO severance, NO options, and often NO unemployment! I've been in that situation.
Libritarian individualism sounds good for the workplace but the practice is horrible.
Slashdot Mirror
No this does not cause tax revenue to dissappear. (Unless the Dot.com crowd is truely not able to ever shoulder there AMT debt, that can't be erased by bankruptcy!)
Basically the businesses who granted the options took a tax break on the diffrence at the time options were granted. Many Option granting companies (like cisco and MS paid NO income tax, but did get there employees to shoulder it for them!) The same amount of tax is being assigned it's just being paid back by the little guy.
Lets see your employer got you to work 80hour weeks for options, ran the business into the ground putting you out of a job and making those options worthless and got you to pay the businesses tax debt! Rock On Capitalism!
Bullshit to you too. I don't like Unions, they seem sort of grey and burocratic. However not having them is much worse. Trust me when I say that the writer of the article, though possibly quite bright, was on the way OUT, regardless of the fate of the company. He Dragged his ass around the office, eyes glased and tired, he jumped around departments and dropped assignments, others had to finish major coding projects for him. Trust me when I say that the second he burned out he was gone. In a right to work state like mine that means NO severance, NO options, and often NO unemployment! I've been in that situation. Libritarian individualism sounds good for the workplace but the practice is horrible.
I found that the word "train" was being completely filtered.
I guess big business got what it wanted, the ownership of common words in the english language, and thought poliece to enforce it