35 Years Ago Today: Twin Peaks
5 hours ago
Oh! a private buffoon is a light-hearted loon, If you listen to popular rumour; From the morn to the night he's so joyous and bright, And he bubbles with wit and good humour! He's so quaint and so terse, both in prose and in verse; Yet though people forgive his transgression, There are one or two rules that all family fools Must observe, if they love their profession. [Yeomen of the Guard, Gilbert & Sullivan]
CEOs Tax the PeopleThe full study upon which this article is based can be found at Executive Excess 2012: The CEO Hands in Uncle Sam's Pocket [click the "Read the full report" link at the bottom of the page].
WSJ
AL'S EMPORIUM August 18, 2012
The more a company pays its chief executive officer, the bigger the tax break it gets.
This is how the game is rigged, according to the Institute for Policy Studies, a progressive Washington think tank, which released a report last week titled, "The CEO Hands in Uncle Sam's Pockets."
"The tax code has become a prime enabler of bloated CEO pay," says one of the study's co-authors, Scott Klinger, a chartered financial analyst and former investment manager.
The study counts the many ways our tax code encourages companies to overpay their top executives. One of them is an unlimited deduction companies may claim for the "performance pay" they give their CEOs. The bigger the CEO's performance pay, the bigger the company's tax deduction.
The tax code simply begs companies to lavish CEOs with stock options, the study says. This, in turn, encourages the bosses to take more risks with other people's money, and gets us all into the economic trouble we face today.
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Republican party platform committee won’t include civil unions for gay couplesWell, I suppose our LGBT progeny don't really count as "our posterity".