7 CEOs made more than their companies paid in taxes
- Thread starter gevorg
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highland145
Lifer
- Oct 12, 2009
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So what? Most small business owners also get paid more than their businesses pay in taxes. And, depending on the type of business, the employees will also be paid more than the business paid in taxes.
Londo_Jowo
Lifer
MongGrel
Lifer
- Dec 3, 2013
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IGBT
Lifer
- Jul 16, 2001
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lets forget they provide a multitude of jobs to numerous communities with good benefits. Provide goods and services. Many pension funds are invested in them and their success provides a income to retired people. If you raise their taxes they will simply pass it on so YOU end up paying more for goods and services.
their job is to lead the company in making profits. One of the ways you make a profit is by cutting costs (taxes). If all 7 of these companies are making good profit, I would say these CEOs are being well compensated.
Now if these CEOs were on the highest paid list for companies that are losing money, then you have a problem.
Now if these CEOs were on the highest paid list for companies that are losing money, then you have a problem.
Fanatical Meat
Lifer
- Feb 4, 2009
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Um I make more than I pay in taxes. That's the idea, this is not to say our tax laws need a major overhaul.
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highland145
Lifer
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highland145
Lifer
- Oct 12, 2009
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As a small business this is obvious. For such large companies though I find it rather odd.
Did you guys read the article? The numbers are staggering.
First off the 7 companies got a tax return. $74 billion in profit and they got $2 billion as a tax return. That's how they got away with the headline. They paid no taxes. Individually the ones that did pay taxes paid very little.
They had multi billion dollar tax bills that they deferred.
Somehow we bailed out the auto industry but they're using those losses to write down their taxes today.
Pretty crazy really.
Did you guys read the article? The numbers are staggering.
First off the 7 companies got a tax return. $74 billion in profit and they got $2 billion as a tax return. That's how they got away with the headline. They paid no taxes. Individually the ones that did pay taxes paid very little.
They had multi billion dollar tax bills that they deferred.
Somehow we bailed out the auto industry but they're using those losses to write down their taxes today.
Pretty crazy really.
Newell Steamer
Diamond Member
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Next time it rains over any of those corporations, know that it's a sign that the Big Guy is feeling joy,...
highland145
Lifer
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davmat787
Diamond Member
- Nov 30, 2010
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I bet those 7 CEO's use that money in a better manner than the .gov would. Through investing it, they will provide money to the market, venture capital for startups, .etc.
I wish I wasn't so lacking in confidence and depressed in regards to the competency and dedication of those responsible for deciding how that tax money is spent that I actually think the 7 CEO's will put that money to better use. Sad and I hope I am wrong.
Also, did any of the 7 CEO's gain these funds illegally, or did they benefit from some previous sellouts in congress who whored themselves and broke their oaths for "campaign funds" and a private jet trip to Thailand for some "golf".
What I find a bigger problem is the incestual relationships with the boards and their members who choose/vote on the CEO vs. someone legally minimizing their tax liability.
Fix the laws and tax code instead of vilifying CEO's who gain those funds legally.
I wish I wasn't so lacking in confidence and depressed in regards to the competency and dedication of those responsible for deciding how that tax money is spent that I actually think the 7 CEO's will put that money to better use. Sad and I hope I am wrong.
Also, did any of the 7 CEO's gain these funds illegally, or did they benefit from some previous sellouts in congress who whored themselves and broke their oaths for "campaign funds" and a private jet trip to Thailand for some "golf".
What I find a bigger problem is the incestual relationships with the boards and their members who choose/vote on the CEO vs. someone legally minimizing their tax liability.
Fix the laws and tax code instead of vilifying CEO's who gain those funds legally.
Last edited:
Zaap
Diamond Member
- Jun 12, 2008
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Let's also forget that every one of their employees they pay a salary to... pays taxes.
RAGE!!! Government massa doesn't have enough money!!!
highland145
Lifer
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Spungo
Diamond Member
- Jul 22, 2012
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Step 1) Run your business into the ground.
Step 2) Get government bailout money.
Step 3) Use that money to pay yourself a bonus.
'murica!
highland145
Lifer
- Oct 12, 2009
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Sorry, middle aged white guy here. I ain't getting no $$ unless I can figure out how to have babies and dump my current assets.
'murica for people that try.
highland145
Lifer
- Oct 12, 2009
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True but it does have a serious effect on the $$ I can suck up from the taxpayers....like I said.
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