When is a salary not a salary?
Nice take on how to dodge paying taxes. Refuse to take a salary. A salary, or wage, is subject to withholding taxes like the favorite bashing target of conservatives, Social Security.
From the AP at Yahoo
Of the 386 Standard & Poor’s 500 CEOs whose companies reported under the Securities and Exchange Commission’s expanded disclosure requirements this year, salary accounted for only 9.5 percent of total pay. For the 11 CEOs in the group who earned more than $30 million, salary was just 2.7 percent of total pay.
Now, who wants to spin this into a Constitutional problem that can be solved with a few quotes from Jefferson?
Next, who is going to spin this into a reason for the regressive FairTax or a VAT or a flat tax?
And, is it an example of semantics dominating debate?
Best reguards on spin.
Mad Dog
I’m not going to even try. I know when I’d get my ass whooped.
Bill,
Isn’t that the whole point of a blog?
Not the exchange of information or opinion.
Just mindless exchanges.
Mindless because the whoopped party never knows when they’ve been whooped, eh?
MD
Actually taxes just ain’t my cup o tea. All I could do is take some wild stabs in the dark at this. Enforce existing laws?? Pummel these corporations that rob workers pensions. Trustbusters, way and means and all that. There’s some juicy gettins to be gotten by some hungry lawyers. This doesn’t mean I’m for big government.
Bill,
I think you got it when you said enforce existing laws.
I’ve heard of this law requiring employers to pay a minimum wage per hour worked.
I’ve even heard rumors that it gets enforced from time to time on small businesses.
Apparently CEOs can work for free but small business owners must pay themselves at least the minimum wage per hour.
I think that rule is enforced to prevent small businesses from being nothing but a tax dodge? Does that sound about right?
I think impeachment is the solution.
I was thinking more along the lines of some of these CEOs are bound to have tripped up somewhere. And many “conservatives” think it’s their life’s goal do defend the actions of large corporations/CEOs to the hilt. If they really “had the faith” then they would realize that there’s always smaller companies (and other executives) ready to fill the void if some of the larger companies/ bit the dust. Same goes for the richest CEOs. Although I don’t automatically hate the rich, the widening gulf between CEO pay and worker’s pay is similar to the shrinking middle class.
Speaking of impeachment, this is the type of thing that just sickens people. Many of the neocons in the “front office” are connected to these “offshore entities”. Not exactly a shining example of free market activity. Our country is running a deficit but these boys are making a surplus!!!
http://www.counterpunch.org/floyd05122003.html