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Reply #12: While it is theoretically possible for CEO's to reduce income [View All]

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customerserviceguy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-28-11 05:18 PM
Response to Reply #5
12. While it is theoretically possible for CEO's to reduce income
there are already reasonable compensation laws that would 'impute' other forms of income to that CEO. As a practical matter, they are generally vastly overpaid rather than artificially underpaid, so I don't see much to gain from there. You certainly have a good point about out-of-the-box thinking, but it is good to find some progressive-friendly tax professionals to suggest the changes needed. I used to be enrolled to practice before the Internal Revenue Service back in the 1980's, but my tax knowledge is considerably out of date.

Your jobs-based tax has a precident, we had something called Targeted Jobs Tax Credits in this country, and I will give points to Reagan for instituting them. It directly rewards employing the long-term unemployable by putting a premium on them, and would be a wonderful way to counter the "don't bother applying here unless you already have a job," mentality that is out there.
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  -How many different tax rates should we have? kentuck  Feb-28-11 01:46 PM   #0 
  - How many different tax rates should we have?  dtotire   Feb-28-11 02:19 PM   #1 
  - So if that is not enough to fund government...  kentuck   Feb-28-11 02:23 PM   #2 
     - Fund 'whose' government?  leftstreet   Feb-28-11 02:29 PM   #3 
        - That's an excellent question...  kentuck   Feb-28-11 02:34 PM   #4 
  - it's not just the rates, but what is taxed  alc   Feb-28-11 03:43 PM   #5 
  - While it is theoretically possible for CEO's to reduce income  customerserviceguy   Feb-28-11 05:18 PM   #12 
  - Tax rates on what:? Exemptions/credits for what?  Spike89   Feb-28-11 03:54 PM   #6 
  - 20K should not be taxed same rate as 500K....  kentuck   Feb-28-11 03:57 PM   #7 
     - meaningless without context  Spike89   Feb-28-11 04:49 PM   #8 
        - I don't think it's that complex...  kentuck   Feb-28-11 05:06 PM   #9 
           - Actually, not what I meant at all  Spike89   Mar-02-11 02:15 PM   #19 
  - That was Reagan's major 'misdirection' on this issue  customerserviceguy   Feb-28-11 05:12 PM   #10 
  - There are still a BUNCH of ideologues pushing the "flat tax"  annabanana   Feb-28-11 05:34 PM   #13 
  - And a totally bogus one, at that  customerserviceguy   Feb-28-11 09:14 PM   #14 
  - There's nothing inherently simple about a flattened tax structure  jmowreader   Feb-28-11 09:25 PM   #16 
     - Yep, it's a grand delusion  customerserviceguy   Feb-28-11 09:34 PM   #17 
  - 20 or so.  RUMMYisFROSTED   Feb-28-11 05:17 PM   #11 
  - Don't forget capital gains.  joeunderdog   Feb-28-11 09:16 PM   #15 
  - How about "How many loopholes should we eliminate?"  Foo Fighter   Feb-28-11 11:37 PM   #18 
  - The first $XX of anyone's income would not have to be taxed at all...  rucky   Mar-02-11 02:19 PM   #20 
  - how about 1 rate, 100% on all imports.  Vinee   Mar-02-11 02:22 PM   #21 

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