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

| August 29, 2012 | 3 Replies

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 and his wife, Anne Jay, live in the Shaw Neighborhood of St. Louis, Missouri, where they are raising their 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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