How would you feel about a tax law that would not allow corporations to deduct excessive CEO and executive salaries from their businesses expenses. Say maybe a limit of no more than $2 or $3 million deduction allowed. I was shocked to see the number of executives being paid more than $10 million. During the 2007/2008 crisis, Countrywide Financial’s CEO was paid $140,000,000, and the next year it was reduced to $100 million. Other bankster CEOs were being paid in the $70 millions, the $40 millions and the $20 millions. Google Forbes CEO compensation for those years and today.
Best bet on taxes would be Fiorinas three page plan. The less complicated the better.
Even if you allow only two or three million per year there are a zillion other devious ways to pay these guys.