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Forum Post: Is there an OWS list?

Posted 12 years ago on Dec. 30, 2011, 7:18 a.m. EST by Minding (1) from New York, NY
This content is user submitted and not an official statement

This is just the kind of thing OWS should be highlighting. This is not illegal while simultaneously laughing at the spirit of the laws of this land to pay taxes on profits so the government has money to function.

From the NY Times article "Tax Benefits From Options as Windfall for Businesses" in today's NY Times:

Thanks to a quirk in tax law, companies can claim a tax deduction in future years that is much bigger than the value of the stock options when they were granted to executives. This tax break will deprive the federal government of tens of billions of dollars in revenue over the next decade. And it is one of the many obscure provisions buried in the tax code that together enable most American companies to pay far less than the top corporate tax rate of 35 percent — in some cases, virtually nothing even in very profitable years.

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