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.
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.
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.