Welcome login | signup
Language en es fr
OccupyForum

Forum Post: Super Rich pay Average 18% taxes, richest corporations all evade Taxes

Posted 13 years ago on Nov. 4, 2011, 3:35 a.m. EST by fixwallstreetnow (42) from San Francisco, CA
This content is user submitted and not an official statement

http://www.californiaprogressreport.com/site/our-top-corporate-1-percenters-50-percent-tax-discount

"Corporate executives, the group’s new report explains, are shifting and stashing their corporate profits overseas. They’re taking huge “accelerated depreciation” write-offs on suspect investments. They’re even turning their own stock option windfalls, incredibly enough, into super corporate tax savings.

This infuriating stock option loophole works by a simple formula: Corporations grant their top execs “options” to buy millions of shares of company stock at a cost below the going market rate. The companies then deduct off their corporate taxes the difference between the price executives pay to get the shares and the higher marketplace price they get when they sell them."

0 Comments

0 Comments


Read the Rules