On: Ask HN: What is the dark side of working at a succ...

[closeparen]

Capital losses offset capital gains, not earned income (except very slowly). They protect investors, not equity-compensated employees.

[jimmaswell → closeparen]

So if you get a million dollars of equity, and it devalues to $10 before you cash it out, you have to pay taxes on the million? That's insane.