@Netflix is there a way to avoid getting schlonged by Uncle Sam when you exercise the stock options?
Jul 23, 2017
4 Comments
@netflix employees and alumni
after last week's gains, I want to liquidate some of my NFLX options. What are the strategies that minimize tax liability?
Can you recommend tax professionals who are knowledgeable about this situation?
comments
Not much you can do legally
Anything that sounds too good to be true is probably fraud and people will end up in jail.
Charitable donations are a good choice, but that doesn't pay the bills.
Setting up a family foundation is an excellent option with some ability to get advantage from the money.
If the gains are large, you will learn how quickly AMT accelerates.
Business losses from a K1 come off the top before AMT. accelerated depreciation is awesome.
My Dads wisdom "there are far worse problems than paying a million a year in taxes".
btw - that is probably "W2" income so you get the higher rate plus FICA and Medicaid taxes.