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Another example of the problem with the tax structure, Exxon CEO Tillerson gets $17.9 M in stock, $6.8 M in salary. One year from today he can turn around and sell his stock and be taxed at only 15%,similar situation for the Chevron CEO. Meanwhile middle class americans are paying higher rates on salary.
Why he should get that amount is another story, the investors contested the amount.
"The CEO of U.S. rival Chevron Corp, John Watson, collected a total of $24.7 million in 2011, his second year in the job. .........
....
Tillerson's pay package included stock awards valued at $17.9 million and bonus and salary totaling $6.8 million. Watson received $5.6 million in salary and non-equity incentives, and the rest in stock, options, pension and deferred compensation."
Exxon awarded CEO total pay of $34.9 million in 2011 - Yahoo! News (http://news.yahoo.com/exxon-awarded-ceo-total-pay-34-9-million-000743009.html - broken link)
I don't understand why capital gains and dividends are taxed at a different rate... I do agree the investment taxes need to be increased on all investments... fair is fair...
I don't understand why capital gains and dividends are taxed at a different rate... I do agree the investment taxes need to be increased on all investments... fair is fair...
It's stunning that people can not understand the basic unfairness and defend this system, what is so difficult to comprehend. CEO's on the top end cashing in millions for 15% while middle class taxpayers pay far more.
It's stunning that people can not understand the basic unfairness and defend this system, what is so difficult to comprehend. CEO's on the top end cashing in millions for 15% while middle class taxpayers pay far more.
I think it is stunning that you can't read... I advocated for increasing investment taxes to the level of income taxes...
It's stunning that people can not understand the basic unfairness and defend this system, what is so difficult to comprehend. CEO's on the top end cashing in millions for 15% while middle class taxpayers pay far more.
and yet when the numbers are analyzed at the end of the year, one things remains true;
the top 1% take in about 19% of the income in this country, and they pay 38% of the income taxes in this country.
so given that, again i ask, how much more do you want the rich to pay in taxes? what do you consider fair? to date NO ONE has answered that question. why? because when you get down and think about it, the rich are already paying more than their fair share of the taxes collected in this country.
It's stunning that people can not understand the basic unfairness and defend this system, what is so difficult to comprehend. CEO's on the top end cashing in millions for 15% while middle class taxpayers pay far more.
Why is your argument to tax the top tier more instead of lowering the taxes for the middle class?
Great, more money for Big Brother to BLOW. And guess what, that money is not going to do anything to fix the current financial mess we are in, any increased revenue WILL be squandered.
But hey, maybe we can start an after-school feeding program(dinner).......oh yeah, they already gots dat.
Why is your argument to tax the top tier more instead of lowering the taxes for the middle class?
The issue is about fairness of the capital gains tax. Reducing taxes on the middle class is a separate issue and not really an"instead of" as it moves us the other way.
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