Lots of money for CEO’s. No money for taxes.
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.
Category: Orwellian, Social justice
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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.
Category: Orwellian, Social justice
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Was that CEO pay classified as earned income, or as capital gains?
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?
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.