Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The last reparation we had was in 2004 under Bush II and the rate was only 5.25% and that was a failure. The corps took that money and did stock buybacks, issued dividends, and increased salaries/bonuses for executives.
I don't understand. You said it was a failure. Sounds like success to me.
Most low income people who support corporate tax breaks believe it will lead to the company using those "savings" to hire more people, pay them hire wages, or lower the price of products. Some just don't believe in corporate taxes on principle, whether it affects them personally or not. I tend to believe any savings will just go to the people at the top anyway so I don't see any greater good in reducing rates.
MrGompers, the Board of Directors probably doesn't think the executive compensation is obscene or they wouldn't approve it. And I don't see many shareholders voting out the Board of Directors because of obscene executive compensation, which is certainly an option if enough professionally managed stock ownership is involved. The bottom line is that all executive compensation gets taxed in some form or another. And if it involves enough money, it increases tax revenues somewhat significantly; certainly more than my 12 percent effective tax rate as a pensioner and small investor.
The lies are the bolded sentence and the paragraph that follows refutes it. That you"figured it all out by yours if" that the lie is the TRUTH is the pernicious part of it. If corporations should not pay taxes, why should anyone?
Simple question: Who bears the economic burden of the corporate income tax?
Please explain how an executive being paid in stock isn’t W-2 wages.
An executive being paid in stock (usually restricted stock) has to count the value of the stock as part of W-2 wages, but an executive being paid in stock options usually does not. The tax is usually due when the options are exercised (converted to stock) and the stock is sold, generating cash.
An executive being paid in stock (usually restricted stock) has to count the value of the stock as part of W-2 wages, but an executive being paid in stock options usually does not. The tax is usually due when the options are exercised (converted to stock) and the stock is sold, generating cash.
I am not sure why you are clarifying the part on options. The point was being made by Suite Living that any income resulting from options would be W2 wages. The options haven’t provided any compensation to the executive until they have risen in value and are exercised, at which point, they are considered W2 wages and taxes are due.
MrGompers, the Board of Directors probably doesn't think the executive compensation is obscene or they wouldn't approve it. And I don't see many shareholders voting out the Board of Directors because of obscene executive compensation, which is certainly an option if enoughprofessionally managed stock ownership is involved. The bottom line is that all executive compensation gets taxed in some form or another. And if it involves enough money, it increases tax revenues somewhat significantly; certainly more than my 12 percent effective tax rate as a pensioner and small investor.
BOD's are a good ol boy networking sitting on each other's board so of course their going to vote for high exec comp. & the individual shareholder does not have a chance on having their vote truly count when electing BOD members. Sending proxies to individual shareholders is a joke as institutions own the largest share percentage of most public companies and as long as they can get an increase in share price whether it is temporary or not is all the institutions are concerned about.
Everybody is not a dynamo at work, they aren't willing to do what it takes to be a supervisor. They just want enough money to exist. They're hoping corporate tax breaks will be shared with them.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
