Thread regarding Chesapeake Energy Corp. layoffs

They will take taxes from your stock before you get it, but you didn't fully explain how they 'take' taxes again when you sell. First of all, you'll notice they take about 40% in taxes on the vesting. If you're not in the 40% tax bracket, you will get that back on your income tax refund. Secondly, the only other taxes you will owe once you sell will be taxes on any gains, or if the stock went up since you were awarded it. On the other hand, if you 'lose' in gains since the stock went down, it's subtracted from any other gains or income. There are two types of gains - long term, or over a year, and short, less than a year. That's based on the day it vests to you. I believe the difference is 10% on long term gains and 15% on stock you own less than a year. Google it. You don't get taxed twice on the value of your stock is the bottom line.