Why We Should Stop Subsidizing CEO Pay

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tay

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By the righties standards I suppose I am considered a 'leftie' and so be it but I would never want 'everyone to be equally poor' as that would accomplish nothing positive. To see what everyone being equally poor looks like we can start with India or any number of countries in the middle east or Africa where you have a few corrupt leaders living obscenely large and the rest in extreme poverty.



I don't know how long the ability of companies being allowed to deduct from their taxes 'wages and benefits and pension' of 'executives' has been allowed but I suppose it explains how ****ty bosses get paid so well which is to offset their ****ty achievements...........




Limiting the deductibility of executive compensation: At a time when Congress is debating sharp cuts to essential public services, corporations are able to avoid paying their fair share of taxes by deducting unlimited amounts from their IRS bill for the cost of executive compensation. Two bills, the Stop Subsidizing Multimillion Dollar Corporate Bonuses Act (S.1746) and the Income Equity Act (H.R. 199) would fix this outrageous loophole and significantly reduce taxpayer subsidies for excessive CEO pay.



READ THE FULL REPORT (CLICK TO DOWNLOAD PDF)



http://www.ips-dc.org/files/6377/EE13-FINAL.pdf



Download the compensation data (.xlsx) for the top 25 highest paid CEOs each year from 1994-2013.


http://www.ips-dc.org/files/6374/Top%2025%20compensation%20data%20from%2020%20years.xlsx




Explore all 20 Executive Excess reports from 1994-2013.



http://www.ips-dc.org/articles/executive_excess_20_years





www.youtube.com/watch?v=C2hpjTDUfFE



 
Walter

Walter

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gopher said:
...we should NOT have an income tax as these exist to finance the war machines. Take all profits out of wars by eliminating the income tax. Click on search if you don't believe me.
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Income tax is Wilson's gift to Americans. Wilson is a hero for the Dems, he's the one who gave them the 16th amendment. Income tax is a scourge and should be eliminated; the only fair way to tax is by a consumption tax.
 
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taxslave

taxslave

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tay said:
By the righties standards I suppose I am considered a 'leftie' and so be it but I would never want 'everyone to be equally poor' as that would accomplish nothing positive. To see what everyone being equally poor looks like we can start with India or any number of countries in the middle east or Africa where you have a few corrupt leaders living obscenely large and the rest in extreme poverty.



I don't know how long the ability of companies being allowed to deduct from their taxes 'wages and benefits and pension' of 'executives' has been allowed but I suppose it explains how ****ty bosses get paid so well which is to offset their ****ty achievements...........




Limiting the deductibility of executive compensation: At a time when Congress is debating sharp cuts to essential public services, corporations are able to avoid paying their fair share of taxes by deducting unlimited amounts from their IRS bill for the cost of executive compensation. Two bills, the Stop Subsidizing Multimillion Dollar Corporate Bonuses Act (S.1746) and the Income Equity Act (H.R. 199) would fix this outrageous loophole and significantly reduce taxpayer subsidies for excessive CEO pay.



READ THE FULL REPORT (CLICK TO DOWNLOAD PDF)



http://www.ips-dc.org/files/6377/EE13-FINAL.pdf



Download the compensation data (.xlsx) for the top 25 highest paid CEOs each year from 1994-2013.


http://www.ips-dc.org/files/6374/Top%2025%20compensation%20data%20from%2020%20years.xlsx




Explore all 20 Executive Excess reports from 1994-2013.



http://www.ips-dc.org/articles/executive_excess_20_years





www.youtube.com/watch?v=C2hpjTDUfFE
Click to expand...
Wages and bennies for hourly employees is deducted from corporate income tax. What's the difference? You do realize that execs have to pay personal income tax on that money which for most is higher rate than corporate income tax.
 
gopher

gopher

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Walter said:
Income tax is Wilson's gift to Americans. Wilson is a hero for the Dems, he's the one who gave them the 16th amendment. Income tax is a scourge and should be eliminated; the only fair way to tax is by a consumption tax.
Click to expand...



Correction: it was Republican hero Nelson Aldrich who pushed it through. Wilson merely signed what had already been approved by the Republican majority as we have discussed here before.
 
Walter

Walter

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gopher said:
Correction: it was Republican hero Nelson Aldrich who pushed it through. Wilson merely signed what had already been approved by the Republican majority as we have discussed here before.
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Wilson didn't veto.
 
T

tay

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taxslave said:
Wages and bennies for hourly employees is deducted from corporate income tax.
Click to expand...


Well then, that explains why there's so much offshoring.









You'd best show us an SEC filing which proves that because that would be startling news indeed...............




Meet The Press - We will just ignore that question...... Move ahead to the question which starts around 2:10





www.youtube.com/watch?v=pvGx4qm6KNY
 
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Tecumsehsbones

Tecumsehsbones

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tay said:
Well then, that explains why there's so much offshoring.

You'd best show us an SEC filing which proves that because that would be startling news indeed...............
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Taxslave is right. Sort of. Corporations are taxed on profits, not revenues. Employee compensation is a cost, so it's deducted from revenues, along with other costs, to arrive at profit, which is what's taxed.

And it's not just hourly workers compensation that's deducted from revenue.
 
taxslave

taxslave

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tay said:
Well then, that explains why there's so much offshoring.









You'd best show us an SEC filing which proves that because that would be startling news indeed...............




Meet The Press - We will just ignore that question...... Move ahead to the question which starts around 2:10





www.youtube.com/watch?v=pvGx4qm6KNY
Click to expand...

There is so much off shoring because our governments are hell bent on stealing people's money. When the tax rate is 50%+ there is a problem.
 
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