Lots of money for CEO’s. No money for taxes.

August 29, 2012 | By | 3 Replies More

From the Los Angeles Times:

Twenty-five of the 100 highest-paid U.S. chief executives pocketed more in pay last year than their companies paid in federal income taxes.

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Category: Orwellian, Social justice

About the Author ()

Erich Vieth is an attorney focusing on consumer law litigation and appellate practice. He is also a working musician and a writer, having founded Dangerous Intersection in 2006. Erich lives in the Shaw Neighborhood of St. Louis, Missouri, where he lives half-time with his two extraordinary daughters.

Comments (3)

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  1. Edgar Montrose says:

    Was that CEO pay classified as earned income, or as capital gains?

    • Erich Vieth says:

      I’m not a tax lawyer, but I’d be surprised if you could pay a CEO other than as earned income. Why do you ask?

    • Edgar Montrose says:

      I ask because it would add insult to injury if, in addition to the corporation finding a way to avoid significant tax burden, their CEOs also found a way to be taxed at the capital gains rate instead of at the earned income rate.

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