As a thought
exercise, consider this awkward
bit of calculus: If counseling out some number
of unruly, disruptive or hard to teach low - income students enables a school — any school — to bring 25, 50 or even 100 times that number
of other students to levels
of achievement that «
regular» schools have historically proven unable to equal, are you OK with that?
Rounding just a
bit (treating the top
regular rate as 40 %) we find that you need to hold a still larger number
of shares to secure the maximum tax benefit, cashing in only 40 % at the time
of exercise while holding the remaining 60 %.