Press Clippings
Why Elon Musk May Want To Sell 10% Of His Tesla Stock—And Why He May Have To |
For an article about the staggering tax bills that would be generated by billionaire Elon Musk's stock option exercises, a staff journalist at Forbes obtained expert input from Bruce Brumberg, the editor-in-chief of myStockOptions.com:
"Some types of options can be exercised without triggering immediate taxes, while the proceeds from share sales are taxed at lower capital gains rates, but Musk's options (in tax-speak: 'nonqualified' options) will likely face the much higher ordinary income tax rate imposed on compensation, according to lawyer Bruce Brumberg, the cofounder of myStockOptions.com and a Forbes contributor."