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We've survived far worse than this, citizens of the depression would laugh at these dire predictions made by well-fed folks sitting behind computers. When unencumbered by the government and allowed to be rewarded for their efforts, the middle class can create great amounts of wealth in a short amount of time.
The '...more
I'm surprised by all the outpouring of support of this guy because he's taking a small salary, it's obvious tax avoidance. By not taking salary he doesn't pay income tax. He's still raking it in through the stock, he doesn't have to sell the stocks to spend against the asset, he can just borrow against the stocks and...more
He's worth > 200M. Who cares how the wealth is dispensed, cash is cash. The company would be better off paying him $50M and getting some of the shares back. Or paying him $100M to not go start a company called OnGroup.
That's what 'golden' parachutes do, they trade cash for an asset the company values more, it's ...more
Great, lets give all the stockers out there easy access to the real name of their prey. That way they don't have to go to the effort of following the stripper home, they can just google her and be waiting when she gets there.
BTW - I thought republicans were supposed to be for smaller government?
A great example of why income taxes make no sense and we should move towards consumption taxes. Why penalize success when we can easily switch to consumption taxes that provide the same public benefit without encouraging successful people to leave the country?
It's not like Singapore doesn't have taxes - they have ...more
This author missed the purpose of capital gains tax rates. Capital gains are paid after applicable taxes at the business level and ordinary income is paid before. So when a company pays you, it is an expense to the company and is deducted from the net income before they are assesed on it. So the money flows through ...more
2/2/2012
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