> Why would you have to stay with the company after you vest?
I'm assuming they are referring to someone that _did not_ exercise their options and is leaving.
[you might already know the following based on the rest of your comment, but thought i'd add it]
With options, vesting is only half of the story; you need to exercise the options which converts them to shares. ISO options (what you get as an employee) have a PTEP (Post-Termination Exercise Period) that gives you 90 days from voluntary leave (maybe varies?) to decide whether or not you'll exercise. If you don't exercise, you forfeit them.
I believe the longer PTEPs that you hear about (5-10 years) do some ISO->NSO conversion which changes the tax situation, but at least gives you flexibility & wait for some liquidity event before committing the cash.
I'm not super familiar with this aspect, so this could be totally off-base: because this is sort of "out-of-band" income, it might factor into what you should be paying, but you won't be penalized for it; you didn't know exactly what the estimated income was (i don't believe you have to get a 3921 immediately upon exercise) so you can't necessarily estimate the taxes owed. This could be totally wrong? Also, I think there's a lookback period of a year that you can base your estimated taxes on.
All of this to say, I think what you're saying is a much more precise way of saying what I was trying to get at. :)
If they are ISOs, tax won't be due _upon_ exercise but will show up on that years tax return. Usually the AMT will hit you (if the exercise was worth it), and you'll owe the following year.
This is a slightly longer way of saying I'm not totally sure how what you're saying invalidates what valzam said: as far as the IRS is concerned, you did realize gains (you got something of value), just not on anything "liquid," hence AMT. Perhaps they (IRS) use different terms, but that's basically what's happening.
Anecdotal, but:
Head over to https://streeteasy.com/ & do some searches with whatever you deem to be "affordable," then compare between the various "building types" in their filtering.
It's been a little while since I've done this–I, at least temporarily, gave up the idea of buying something in the city–but I noticed similar trends to keerthiko. Similar to when I was actually looking at places with a broker.
There is _a little_ more, although, not much more specific :x
> Evacuation from a nuclear explosion or radioactive
> contamination
>
> If there is a nuclear explosion, hide behind cover and
> evacuate to an underground facility or strong building.
> An explosive called a “dirty bomb” will cause radioactive
> contamination of the area. Follow the instructions of the
> authorities and consult a physician.