CEO's Earned More than company tax bill

[manifold]

I'm sorry I missed your post before. Thank you for at least trying to discuss the topic.

The point being, step back and think about how much money a company has to make in order to pay one person, $10, $15, even $20 million dollars. One person. That's on top of paying every other person in the company, all expenses, etc and then still being able to turn a huge profit. Then you compare that to the amount that they have to pay in taxes which is miniscule when you compare it to everything above. The CEO salary alone being higher then the tax bill is just an illustration of how little these mega corporations are paying in taxes in relation to the money they are making. And that is because of the generous tax loopholes they are making use of.

I understand all that I just don't see how its "bad" for a company to make money or for someone to take a GIANT salary if a company will offer it.

I dont think they should be able to find all these loopholes, dont get me wrong, but I just don't see how its bad/wrong for companies or individuals to make a lot of money.

It's not bad for a CEO to make that salary or for a company to make lots of money. That's not the issue here. The issue here is they are paying very little(or even nothing!) in taxes on the money they are making. I'm all for people and business making money, lots of it. But they need to be paying taxes that lines up with the amount of money they are making. They are not, because of the loopholes that they have lobbied for and taken advantage of. That's the only point that is being made here.

So it's not your contention that republicans hate poor people?

 

[RDD_1210]

Ditto.

I have no problem with a company paying its CEO anything its wants to.

I do have a problem with all the tax loopholes, tax breaks and subsidies.

We're finally getting somewhere!

 

[RDD_1210]

I understand all that I just don't see how its "bad" for a company to make money or for someone to take a GIANT salary if a company will offer it.

I dont think they should be able to find all these loopholes, dont get me wrong, but I just don't see how its bad/wrong for companies or individuals to make a lot of money.

It's not bad for a CEO to make that salary or for a company to make lots of money. That's not the issue here. The issue here is they are paying very little(or even nothing!) in taxes on the money they are making. I'm all for people and business making money, lots of it. But they need to be paying taxes that lines up with the amount of money they are making. They are not, because of the loopholes that they have lobbied for and taken advantage of. That's the only point that is being made here.

So it's not your contention that republicans hate poor people?

 

[GHook93]

"Twenty-five of the best-paid chief executive officers in the U.S. earned more in salary and other compensation in 2010 than their companies’ federal income tax expenses"

"Twenty of the 25 companies on the institute’s list reported spending more on lobbying Congress than they did on federal taxes"

CEOs Earned More Than Companies Tax Bill


If this doesn't indicate we need to change the tax code, I don't know what does.

They should make more than they pay taxes idiot. That is what is wrong with you socialists, you hate capitalism so much you want "the rich to pay more than their fair share." Idiots!

Your seriously going to say that a CEO of a company pulling in over a billion dollars in profit should make more than the CORPORATION pays in taxes?

The main reason they pay little taxes is our corporate tax system provides so many incentives to move operations and personell overseas it's sick!

First, the 29% FEDERAL (not including state coproate taxes) MUST come down.
Second, we need to get rid of all the loophole that gives incentive to go over seas.

Personally I want the fair tax, but realistically that isn't happening anytime soon. So why no lower the tax to 8-10% and all the loopholes. Make it 8-10% on profits!

 

[ClosedCaption]

But in practice they are usually the best friends of the CEO.

Yep successful corporations put cronyism ahead of production results everytime when selecting and renumerating executives.

Oh, is that the free market I hear so much about?

 

[manifold]

It's not bad for a CEO to make that salary or for a company to make lots of money. That's not the issue here. The issue here is they are paying very little(or even nothing!) in taxes on the money they are making. I'm all for people and business making money, lots of it. But they need to be paying taxes that lines up with the amount of money they are making. They are not, because of the loopholes that they have lobbied for and taken advantage of. That's the only point that is being made here.

So it's not your contention that republicans hate poor people?

I'll take that as a no...






...you don't have a sense of humor.

 

[RDD_1210]

So it's not your contention that republicans hate poor people?

I'll take that as a no...






...you don't have a sense of humor.

Haha, Oh I do. You have to on this site. I'm so use to the baiting questions though I didn't realize that you were going the humor route instead.

 

[rdean]

Report: Firms Paid More In CEO Pay Than Taxes

This is a disgrace. Republicans call it a "good thing". I don't know why. How many think they are CEO's?