Floridatennisplayer
Recycles dryer sheets
- Joined
- May 3, 2014
- Messages
- 485
Just looking for some shoulders to cry on......or sympathize with me to make me feel better.
The company I worked for for 8 years was sold and we were cashed out of our ISO and ESPP plans last year. I knew it was going to be bad. Been paying the Feds extra all year long. Sat with my accountant today and holy crap they want a boat load more.
The ISO were options and shown on w2 with standard taxes taken out. Sadly, some people thought ..."hey this is all mine since taxes were taken out"... And spent the majority of it, not realizing they are in the highest tax bracket now and owe much more. They didn't realize their ESPP shares have not had any taxes taken out of them. Yikes!
Anyway, I'm just venting watching tons of money going to someone other than my family. I am thankful for what I made, it was a blessing...but I can still complain can't I?
The company I worked for for 8 years was sold and we were cashed out of our ISO and ESPP plans last year. I knew it was going to be bad. Been paying the Feds extra all year long. Sat with my accountant today and holy crap they want a boat load more.
The ISO were options and shown on w2 with standard taxes taken out. Sadly, some people thought ..."hey this is all mine since taxes were taken out"... And spent the majority of it, not realizing they are in the highest tax bracket now and owe much more. They didn't realize their ESPP shares have not had any taxes taken out of them. Yikes!
Anyway, I'm just venting watching tons of money going to someone other than my family. I am thankful for what I made, it was a blessing...but I can still complain can't I?