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  • Tax withholding on shares works out to be 53% of the gross value of the shares (before fees / deductions, so more like 55-58% if it is applied post-fees)... does that sound right? Is it the higher rate income tax and additional National Insurance?

  • It's "just income", so what would be the marginal rate if it were arriving as cash? That's the tax part so then anything extra is something magic.

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