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Apple CEO Tim Cook Sells Over $50 Million Worth of Stock
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He's a smart guy who has a good career. He sets up regular sales of his stocks, pays his taxes, and exercises at crazy hours of the morning. He donates to charity and the colleges he attended.
Absolutely nothing wrong with that. I respect people that try hard and succeed.
Absolutely nothing wrong with that. I respect people that try hard and succeed.
Um no. While the unrealized gains are not taxable (yet and hopefully will never be) they are assets that he owned and boosted his net worth.
Interesting he sold before the Trump tax cut expires.
Compared to his contemporaries, that kind of guy can be considered pretty boring. Not that there's anything wrong with that!
Tim Apple knows Apple is doomed because of him. Cashing his cheques now. 😂
Still disagree... I don't find him boring at all. Being a systems and design engineer with a career in Silicon Valley tech I would love to interview him. No doubt in my mind he has loads of interesting stories to tell, going back a few decades.
Money earned , money spent. It’s what we all agreed to. All grand moral posturing means nothing if it is not meant with action.
honestly Tim well played.
honestly Tim well played.
Power. And it allows you to get away with doing things others would be punished (and rightfully so) for.
Many people donate to various charities, disaster relief programs, etc. I imagine TC does as well.
Bribes, paying off blackmail and extortion, lawyers. Many people build their whole careers around inventing ways to hurt others.
so they can say they are on $1 salaries. And people believe them because it's technically true.
People with a lot of money, buy "positional goods" such as art work, sports teams, and so on. Stuff that are in limited quantity and usually stuff that normal people wouldn't even think about buying.
You realize that the rich already pay 45% of all federal income tax, correct? Yes, 45%. Basically every federally funded thing you see was paid for in half by the rich. You're welcome.
They spend a lot more on the little things like $500 on a single meal. Heck they might spend that on a single bottle of wine. Adds up.
They only pay that for things that the government correctly recognizes as being income. That is another reason for those $1 salaries, and Trump paying basically nothing in taxes most years.
Yeah . . . who needs roads, bridges, schools, clean water, sewage, fire and police services, etc.
(I understand your comment maybe be tongue in cheek, but I used to live next to a woman who owned a market/public policy research company. Periodically it would ask people what were their top 3-5 priorities for government spending. Guess what? Over 90% of the responses were exactly the top 5 things government spending went towards.)
Can someone explain how taxing stock works? It seems to me like it should be like this:
If you spend $100 on a stock, and then sell it for $101, that should be $1 of income, so the tax should be a few pennies.
But of you perform a job and are paid $100 in stock, what happens? Do you pay X% of $100 right there and then? Do you pay taxes on the full value ($101) when you sell the stock? I hope you don't pay the same penies on $1 profit like the other guy, that would be absurd tax evasion.
If you spend $100 on a stock, and then sell it for $101, that should be $1 of income, so the tax should be a few pennies.
But of you perform a job and are paid $100 in stock, what happens? Do you pay X% of $100 right there and then? Do you pay taxes on the full value ($101) when you sell the stock? I hope you don't pay the same penies on $1 profit like the other guy, that would be absurd tax evasion.
He’s not looking forward to the quarterly earnings report regarding iPhone 16 sales and iOS 18 — this could be a negative signal.
That's right. The "taxation is theft" idea is deeply cynical.
If you don't want to pay taxes, then don't use the services that those taxes pay for. Don't expect the government to defend any property you "own" from theft or confiscation. Don't expect courts to enforce any contract you sign or patent/copyright you own. And don't be using US currency for anything; You didn't help make those paper slips and bits on a computer valuable.
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Here’s a good resource to better understand stock options and how they are taxed
How Stock Options Are Taxed: ISO vs NSO Tax Treatments
How are stock options taxed when exercising? Learn how ISO and NSO stock options are taxed and the common times employees can exercise their options.
Despite Apple manufacturing 600,000 iPhones per day, every day of the year (on the average), and no doubt many being 16s, there's still a three week wait if you want to purchase one.
I wouldn't worry about quarterly earnings.
As an aside, I'm really digging my 16PM - it's an outstanding phone.
Dumping at the top of the market. Smart. It’s about to nosedive