Biggest 2005 W-2 I've seen thus far...

Discussion in 'General Discussion' started by drippy, Apr 3, 2006.

  1. drippy

    drippy is a freethinker.

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    Wages of $582,000.

    Of that amount, $378,000 was related to the exercise of stock options.

    She's doing pretty okay eh?

    I love it when she bitches about a $500 tax prep bill.
     
  2. Jux

    Jux Please, call me Steve. Veteran

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    Must be a rough life, no doubt.
     
  3. drippy

    drippy is a freethinker.

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    I'm going out on a limb and saying that this will be the biggest of all our clients this year.

    Though it's important to note that the majority of our high net worth clients don't receive wages. And of those that do, it's a piddly couple hundred thousand or whatever because they have to be paid wages (e.g. they are officers of corporations).
     
  4. Sonscreen

    Sonscreen Casual TF collector<br><b><font color=#FF0000>aksm TFW2005 Supporter

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    :peoples:  Isn't tax preparation deductible anyway?
     
  5. drippy

    drippy is a freethinker.

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    Subject to a 2% AGI limit sure.

    If your AGI is $750k, that means you have to spend more than $15,000 on those 2% deductions to receive any benefit.

    We generally try to put as much of those tax prep/accounting fees as we can into the companies our individuals own so that this isn't an issue.
     
  6. Aaron

    Aaron Master of Crystalocution Moderator Content Contributor

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    Damn, that'd be a tough life...
     
  7. Star Sabre James

    Star Sabre James <b>The JUICE</b> TFW2005 Supporter

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    Would'nt those wages barely cover rent on a one bedroom apartment in California?
     
  8. drippy

    drippy is a freethinker.

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    zing!
     

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