Forum Post: Equality Tax
Posted 13 years ago on Nov. 12, 2011, 3:51 p.m. EST by frontierteg
(137)
from Kalamazoo Township, MI
This content is user submitted and not an official statement
How about this?
Currently, pay role is a deduction for all corporations, an expense that they don't have to pay taxes on.
How about a law that states Corporations may not deduct the top 10% of wage earners salaries or other compensation?
If they want to pay enormous amounts to their executives, let them, but don't let them deduct it. The more they pay their executives, the more they will have to pay in taxes to support society.
1% ers will jus take the stock option instead of the salary.. which is why a flat tax that does not address capital gains will not work.
That's why I said "and other compensation". Even stock options have a value. If the option's strike price is X and the current trading value is Y, the option is currently worth Y - X. If an option was given to the employee as compensation, incentive or bonus, then the options value should be included as real income when they do the calculation.
Just wait for ways they try to get around the new system and plug up the loop holes.
yes, you did say that.. sorry :) ok, then. sounds good, you have my vote.
Woo hoo!!!! Now just 299,999,999 more to go!
haha.. yeah. suppose it's back to the drawing board for you. you may not want to quit your day job yet. ;)