People with windfalls are often surprised how much they owe.
As an example, below 1M, I am told, Uber only withheld 25% from vested (taxable) RSU grants.
It was worse in 1999. I knew a few people who blew everything they took out at 1Y with the expectation there was more to come. They ended up with significant tax debt due to under withholding once the market crashed and there wasn’t more to come.
As an example, below 1M, I am told, Uber only withheld 25% from vested (taxable) RSU grants.
It was worse in 1999. I knew a few people who blew everything they took out at 1Y with the expectation there was more to come. They ended up with significant tax debt due to under withholding once the market crashed and there wasn’t more to come.