Sheldon Adelson-$1.2 billion from the company's dividend, $340 million in tax savings

[The Straight Story]

The biggest dividend payday this quarter is for Sheldon Adelson, CEO of Las Vegas Sands. He'll receive about $1.2 billion from the company's dividend.

His tax savings on the distribution could be as much as $340 million – more than twice the amount that he reportedly spent to fund candidates in the 2012 election.

More than 110 companies have announced special dividends totaling more than $22 billion this quarter – more than three times last year's fourth-quarter total,according to Markit Equities Research. The payouts are aimed at beating a potential increase in tax rates for dividends.

Dividend payments are currently taxed at 15 percent, but the rate could go to 43.4 percent for some top earners if the Bush-era tax cuts expire.

http://www.cnbc.com/id/100275303

[enough]

1. Puts his measly $150 million campaign contributions in perspective. (nt)

[HughBeaumont]

2. You know, because that pig NEEDS another billion or so.

At what point does it hit the less-educated peasantry that when a guy becomes so wealthy that the only thing left for him to buy is the United States Government, your nation is no longer one that answers to the American people?

At what point does it hit the less-educated peasantry that because of guys like Sheldon Adelson, the middle/working/poor have made virtually NO real-dollar wage gains since 1979?

At what point do the less-educated peasantry realize they've been HAD?

[PoliticAverse]

3. There's also a 3.8% capital gains surcharge that partially funds the ACA (aka Obamacare)

and starts in January. Even Costco is doing an early dividend.

http://online.wsj.com/article/SB10001424127887324705104578149012514177372.html

[lonestarnot]

4. hmmmmf. richie rich motherfucker.

[Coyotl]

5. How the elites padded their priviliged positions is astounding

Greed and Bush was a horrible combination.

I hope historically the outcome of the Bush residency becomes fully equated with the theft of 2000.