Inflation is getting bad!

[T. A. Gardner]

I don't see anything wrong with his salary- QUESTION IS- How much in taxes did he pay?

Probably not a dime!

He didn't write the tax code, corrupt politicians did.

 

[Into the Night]

CEO pay at America’s largest public companies is up 1,460% since 1978.

Talk about inflation.

That is not inflation.

 

[Into the Night]

InB4:

- why do you hate price gouging driven profits. Corporations need to profit with no limits on them.
- why would Biden try to control price gouging profits as prior gov'ts always used to do and gov'ts around the world do.
- INFLATION is Biden's fault. He is not doing enough

Price controls never work.

 

[Into the Night]

Glad you asked.

I would like to see that the IRS is staffed so that it can bust the ones that are cheating on their taxes.

And I would like to see all of the loopholes that allow Corporations and IRC's to completely skirt paying their FUCKING TAXES be stripped out of the TAX CODE.

I have no problem with Trump's Tax Bill in terms of the formulas of who pays what. BUT NOT IF WE CANNOT END THE LOOPHOLES I mentioned.

All Trump's Tax Bill did was change the formulas, BUT HE DIDN'T END THE LOOPHOLES that fill the 75,000 pages of our current Federal tax code. 75,000 pages? Are you fucking kidding me? No, I am not!

NEXT!

What 'loopholes', ya dumb lizard?

 

[Into the Night]

I’d like to see a lot of that shared with the shareholders or lowering prices.

You don't get to dictate how any business spends it's money, fascist.

 

[Into the Night]

That is a good question!

Do you pay your fair share of taxes? I assume you do!

But since you pay your fair share of taxes, don't you think everyone else should be paying theirs?

Why do you pay your taxes, but yet some billionaire somewhere has a special tax break set up (just for him) in the TAX CODE by some Senator that wrote the tax break into law, by adding it onto a popular Bill at the last minute, before it can be read while being approved by Congress. A tax break requested by a lobbyist working for some Billionaire that heavily contributed to that Congressman's campaign, that tacked it onto the bill!

That is how the Tax code book of tax breaks has 75,000 pages now. Do not tell me you do not know this has been going on for almost a century now!

Next!

What loophole, ya dumb lizard?

 

[Tinkerpeach]

CEO pay at America’s largest public companies is up 1,460% since 1978.

Talk about inflation.

CEOs are and should be paid well as they have the most responsibility.

They are like the stars on a professional sports team.

Not only does company profit rely on their decisions but so do tens of thousands of jobs.

 

[Into the Night]

Glad you asked!

Fact Sheet: Tax Subsidies for CEO Pay
Key Facts

Closing the CEO pay loophole would save taxpayers $50 billion over 10 years.

There is no such thing as a 'CEO pay loophole'. Buzzword fallacy. Argument from randU fallacy.

Walmart dodged $104 million in federal taxes over the past six years by exploiting the CEO pay loophole.

Nope. They didn't dodge a single cent.

Voters strongly oppose the CEO pay loophole.

No such thing.

By nearly 2 to 1 (63% to 34%) they want to “prevent corporations from avoiding taxes when they award their executives millions of dollars in stock options (Hart Research, Q 12).

Fascism. You don't get to dictate how corporations spend their money.

CEOs of major corporations earn nearly 300 times more than an average worker.

So?

This is 10 times more than the CEO-to-worker pay ratio in 1978 when CEOs earned 30 times more.

So?

CEOs often get their “performance-based” bonuses even when they don’t reach performance goals.

So?

Talking points

Under the CEO pay tax loophole,

No such thing.

the bigger the bonuses corporations give to their executives the less the company pays in taxes.

The executive pays it instead, ya dumb lizard.

That means average taxpayers have to pick up the tab.

No, it doesn't ya dumb lizard.

Corporate profits are soaring,

Good.

CEO pay is skyrocketing,

Good.

but workers’ wages are standing still.

Lie.

It’s outrageous that average Americans are subsidizing the lavish bonuses of their bosses.

They aren't.

Tax loopholes

What loopholes?

like this make voters feel that the system is rigged against them.

WRONG. Democrat election fraud makes voters feel the system is rigged against them!

And they are right. We need a tax system where everyone plays by the same set of rules.

They do.

When giant corporations don’t pay their fair share,

They do.

small businesses and working families have to make up the difference.

There is no difference. Everyone uses the same rules.

The $50 billion cost of this loophole

Argument from randU fallacy.

could pay for a lot of things we need — educating our kids,

The federal government is not authorized to educate kids.

rebuilding roads and bridges

Not paid for with income taxes.

and finding new cures for diseases.

Government does not do that.

The CEO pay loophole

No such thing.

encourages the reckless risk-taking that helped cause the 2008 financial crash.

No. Communism caused the 2008 financial crash. In other words...the Fed.

The more CEO bonuses are linked to stock prices and other short-term measures of “performance,” the more incentive CEOs have to take giant risks.

Not the cause of the 2008 crash.

———————-
Overview

Most American taxpayers would be shocked to learn that they subsidize CEO bonuses.

They don't.

A tax loophole

You haven't mentioned one yet.

allows corporations to deduct from their taxable income any amount paid to CEOs and their executives, as long as the pay is “performance-based.”

So?

This means that the more they pay their executives, the less they pay in federal taxes.

And the more the executive pays in his taxes.

Why does this tax loophole exist?

It doesn't.

The CEO pay loophole defies common sense,

No such thing, ya dumb lizard.

but Congress thought was doing the right thing when it passed legislation in 1993 that capped the tax deductibility of executive pay at $1 million.

Irrelevance fallacy.

But there was a huge loophole — the cap doesn’t apply to “performance-based” pay, which includes stock options.

No loophole. Stock is not income nor an expense for a corporation.

Incentive bonuses were supposed to make CEOs better stewards of shareholders’ money.

Yeah. That really worked with Disney and other companies biting the dust because they decided to go Woke.

This theory has proved false,

So?

with the 2008 financial crisis being only the most severe example of how huge performance bonuses can encourage risky activities that endanger single companies and the broader economy.

Not the cause of the 2008 crash.

How much does this loophole cost taxpayers?

Not a loophole. Try again.

Closing the CEO pay loophole would save taxpayers $50 billion over 10 years, according to the non-partisan Joint Committee on Taxation.

Argument from randU fallacy. Buzzword fallacy. False authority fallacy.

 

[Into the Night]

CEOs are and should be paid well as they have the most responsibility.

They are like the stars on a professional sports team.

Not only does company profit rely on their decisions but so do tens of thousands of jobs.

Jarod doesn't understand that when a CEO does well, the company does well, and they can hire more workers, growing the company.
When a CEO does not do well, neither does the company, and they have to lay off workers.

He also has a bad case of avarice.

 

[QP!]

He didn't write the tax code, corrupt politicians did.

And yet republi'can' voters ensure those same "corrupt politicians" know they do not want them to change the tax code to make the rich cheats pay.

That to 'own the libz' they want them to not only get away with not paying now, but that they should create more and more loopholes and they will get their support. That they should ensure the IRS can never audit them and can only audit regular worker bee tax filers.

Republi'can' voters are truly self destructive on this topic. This is why there is such a push in the GOP to get at entitlements as they realize without the rich paying into the pot properly, they cannot support them and also get the next round of tax cuts for the rich and corporations.

 

[Jarod]

CEOs are and should be paid well as they have the most responsibility.

They are like the stars on a professional sports team.

Not only does company profit rely on their decisions but so do tens of thousands of jobs.

I agree, but this is excess… and in a time of screaming about inflation, it could be more balanced.

 

[cawacko]

I agree, but this is excess… and in a time of screaming about inflation, it could be more balanced.

CEO’s, athletes, entertainers, lawyers, doctors, etc. why should any of them be making more money during a time of inflation? Should the government step in and regulate wages/earning packages?

 

[Earl]

The cost of eggs, milk and gas is not based on a CEO's salary.

Inflation is affected by transportation costs of goods, interest rates and federal spending.

Shall we limit doctors' and lawyers' incomes?

Only a nutter thinks wage controls work.

 

[Earl]

CEO’s, athletes, entertainers, lawyers, doctors, etc. why should any of them be making more money during a time of inflation? Should the government step in and regulate wages/earning packages?

I posted before I saw your post.

Great minds run in the same channel.

 

[Jarod]

CEO’s, athletes, entertainers, lawyers, doctors, etc. why should any of them be making more money during a time of inflation? Should the government step in and regulate wages/earning packages?

I did not say the government should regulate it. Why are you always so desperate to put words in my mouth?

 

[Earl]

I did not say the government should regulate it. Why are you always so desperate to put words in my mouth?

You did not say it but you are supportive of government regulating our lives down to what kind of light bulbs we use.

Wage and price controls don't work.

Wise up.

 

[Jarod]

You did not say it but you are supportive of government regulating our lives down to what kind of light bulbs we use.

Wage and price controls don't work.

Wise up.

Liar

 

[Earl]

Liar

Yes, you have been caught in multiple lies.

That makes you a serial liar.

 

[Jarod]

Yes, you have been caught in multiple lies.

That makes you a serial liar.

Liar

 

[Earl]

Liar

Yes, I thought I had already established that you are a liar...a serial liar.