taxpayers subsidize ceo pay

#28
#28
Was listening to CNBC today on this and they had the author of the study on. She said perverse incentive created in that, the more you pay the CEO, the less taxes you owe.
 
#31
#31
Go to flat rates, something like 5% on the first $50,000, 10 percent on the next $200,000, and 15 percent on everything over that. Treat all income as taxable at those rates, no capital gains special treatment. Eliminate all deductions.
 
#33
#33
lawgator1 said:
Go to flat rates, something like 5% on the first $50,000, 10 percent on the next $200,000, and 15 percent on everything over that. Treat all income as taxable at those rates, no capital gains special treatment. Eliminate all deductions.
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how about a flat 17% on all income levels and exempt the first 20 thousand from any tax liability (or go by the poverty line), eliminate all deductions/exemptions and credits, eliminate the death tax, and eliminate capital gains taxes

ideally, the US should tax consumption, either by a VAT or the Fair Tax, and not income. But that would mean repealing the 16th Amendment first, which just isn't going to happen.
 
#34
#34
MG1968 said:
how about a flat 17% on all income levels and exempt the first 20 thousand from any tax liability (or go by the poverty line), eliminate all deductions/exemptions and credits, eliminate the death tax, and eliminate capital gains taxes

ideally, the US should tax consumption, either by a VAT or the Fair Tax, and not income. But that would mean repealing the 16th Amendment first, which just isn't going to happen.
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LOL, eliminate capital gains taxes? You mean Mitt Romney would pay zero, right?
 
#36
#36
lawgator1 said:
LOL, eliminate capital gains taxes? You mean Mitt Romney would pay zero, right?
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the money that capital gains are derived from has already been taxed

and, personally, I don't give a rat's ass how much, or how little Romney pays. The only people that matters to are people like you and Harry Reid who can't find a way to defend Obama's record as President
 
#37
#37
lawgator1 said:
Was listening to CNBC today on this and they had the author of the study on. She said perverse incentive created in that, the more you pay the CEO, the less taxes you owe.
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the more you pay any employees the less taxes you owe.
 
#39
#39
MG1968 said:
the money that capital gains are derived from has already been taxed

and, personally, I don't give a rat's ass how much, or how little Romney pays. The only people that matters to are people like you and Harry Reid who can't find a way to defend Obama's record as President
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I'll take that as a "yes."
 
#40
#40
The whole premise is ridiculous - I can't imagine corporations decide that if we pay our CEO more we will have less profit that can be taxed and we'll reduce the total amount of taxes we pay.
 
#41
#41
I think we need to do away with corporate taxes, go to a 20% flat tax on all income over the poverty level with zero loopholes. any money made count as ordinary income. eliminate estate tax.

Keep it simple.
 
#42
#42
Gramps said:
I think we need to do away with corporate taxes, go to a 20% flat tax on all income over the poverty level with zero loopholes. any money made count as ordinary income. eliminate estate tax.

Keep it simple.
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Can I be in your cabinet? Gramps for POTUS!
 
#43
#43
volinbham said:
Can I be in your cabinet? Gramps for POTUS!
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Yeah. I would make more blunders than Joe Biden and Dan Quayle combined.
I don't drink but America would think I was a bigger drunk than uncle Joe.

You can be chief of staff, run the White House and keep me away from a microphone.
 
#44
#44
volinbham said:
Here's another gem



What's missing from the first sentence? They deduct ALL employee salaries as a business expense - that is not unique to CEOs.

The stuff about stock options is off as well as the carried-interest part because these get to the CEO's personal tax liability rather than the corporation's tax liability which is the hook of the article (CEOs paid more than the companies they work for paid in taxes). It's an absurd comparison. And the "think tank" uses it to say lowering CORPORATE taxes is the wrong thing to do. The whole article is a mess.

If you want to talk about are CEOs themselves paying enough taxes then that is another matter.
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I think it would really help if every american was forced to take a class that teaches the basics of how a corporation is ran and how cashflow and taxation works. It might help alot.

Never gonna happen but it might help.
 
#45
#45
^^Never will happen and dumb populace makes for a happy gov't. One question I like to ask the tax the rich crowd is; how many paychecks have you skipped to make payroll for your employees?

Eliminate the mandatory withholding and employer match on SSI. Everyone, not just the self employed, has to do their quarterlies and write that check at the end of the year.

I think there would be some tax reform then.
 
#46
#46
hog88 said:
^^Never will happen and dumb populace makes for a happy gov't. One question I like to ask the tax the rich crowd is; how many paychecks have you skipped to make payroll for your employees?

Eliminate the mandatory withholding and employer match on SSI. Everyone, not just the self employed, has to do their quarterlies and write that check at the end of the year.

I think there would be some tax reform then.
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if a company skips checks to make payroll they have a flawed business model and should shut their doors. That would be like me skipping credit card payments to pay the mortgage.
 
#47
#47
GAVol said:
Same old argument. A capital gain is not income.
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I'm not really for capital gains taxes but how is it not income? Can you not spend said money? If it increases money available to you it is income. Jmo though.
 
#48
#48
rmsmith said:
if a company skips checks to make payroll they have a flawed business model and should shut their doors. That would be like me skipping credit card payments to pay the mortgage.
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You have never started, been an officer in or been responsable for the payroll in a new company. Money doesn't grow on trees and when cash flow is tight those in charge take the hit.
 
#49
#49
hog88 said:
You have never started, been an officer in or been responsable for the payroll in a new company.
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oh the assumptions in the politics forum. Not saying i have, but you have no idea if i haven't.
hog88 said:
Money doesn't grow on trees and when cash flow is tight those in charge take the hit.
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When cash flow is in the negatives that's when you fall back on cash on hand. If there is no cash on hand that goes back to the flawed business model.
 
#50
#50
Why isn't a capital gain income?

If I buy a stock at $20 and sell it at $40, I make $20. Why shouldn't I have to pay the same tax as a guy who mowed a lawn and got $20?
 
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