I was clearly not talking about corporate taxes that are generally paid for by the customer when services or goods are purchased, I’m talking about the personal income of billionaires on money earned and deposited into their personal accounts. They generally don’t pay jack on it, compared to the average Joe.
First, it is none of your or my business what the corporation pays its CEO. That is a matter to be decided by the stockholders and board.
And where do you get the idea that a corporation can pay its CEO and not pay income tax on that money? Tell me how.
Most people that are really rich get rich from decisions they make after they take their money home.
If you own stock in the company and are incensed abut his pay, the solution is to sell the stock and purchase stock in a company managed more to your taste.
The second point is that I suspect you have no idea what the CEO of XXX company does with his money. Your criticism of CEO’s in general is without merit unless you have the tax returns for each of them and the ability to track each and every investment they made during the period in question.
However, in general it can be said that almost all tax free investments are available because the government wants the investor to invest in certain areas.
The best example, but not a recombination, is municipal bonds. They are zero or minimum taxed because municipalities float so many of their major projects with the sale of bonds....water treatment plants, sewage, schools buildings, etc.
I care not if Podunk, Kansas drinks clean water or sewage and would never give it a thought except that they have muni’s.
However they are high risk just as all investments are, only different because of their inverse value based on interest rates and other factors.
The same investments are available to you.
By the way, why don’t we have $2.00 gas today?
By the way, why don’t we have $2.00 gas today?
////////
Heck as a youngster growing up I pumped many a gallon
of gasoline for 25-30 cents per gallon.
LOL you act like this is some sort of secret undiscovered territory, that only the appointed are allowed to discuss, and that multinational free traitor CEO's should remain a protected class. Forget it. The tax records of the super wealthy have been leaking for decades, and it's well known they are gaming the system, via loopholes and other advantages only they can qualify for, so you can stop with the holier than thou soapbox.
It's long past time for a newer, flatter, fairer tax system be considered, determined, and implemented. It won't be easy, as the bankers in control set up the current ridiculous system, on purpose, for their own personal advantage, but average everyday people are getting quite sick of our wannabe overlords. And that distrust, and displeasure, is only going to grow.