Business

Top of the Morning | Friday, February 28, 2020   View in browser   Presented By Uber   Pro Rata By Dan Primack · Feb 28, 2020 🎧 Pro Rata Podcast digs into the practical politics of fracking, ahead of Super Tuesday. Listen here . Bonus episode: The science and supply of facemasks , as coronavirus spreads.     Top of the Morning Illustration: Sarah Grillo/Axios   I really didn't want to write about politics again today, but I also wasn't expecting a leading presidential contender to propose a plan that could upend startup employee compensation. Driving the news: Sens. Bernie Sanders (D-VT) and Chris Van Hollen (D-MD) introduced legislation that would tax nonqualified stock options at vesting, rather than at exercise, for employees making at least $130,000 per year. The impacts would be f...

Top of the Morning | Thursday, February 27, 2020   View in browser   Presented By Uber   Pro Rata By Dan Primack · Feb 27, 2020 Situational awareness: Food delivery company DoorDash announced this morning that it has filed confidentially for an IPO.     Top of the Morning Photo by: Edwin Remsberg/VW PICS/UIG via Getty Images   Maryland may become the first state to unilaterally change the tax treatment of carried interest, the investment profits earned by managers of venture capital, hedge, and private equity funds. Driving the news: The bill, introduced in late January by 19 Democratic co-sponsors, would introduce a 17% tax on carried interest earned by those filing in Maryland. Currently, such carried interest is taxed at the state's 5.75% capital gains rate. The proposal, which you can re...