Posted by Warm Southern Breeze on Saturday, September 3, 2016
Executive Excess 2016: The Wall Street CEO Bonus Loophole
This 23rd annual report reveals how taxpayers are subsidizing financial crisis windfalls.
By Sarah Anderson and Sam Pizzigati, August 31, 2016
This report is the first to calculate how much taxpayers have been subsidizing executive bonuses at the nation’s largest banks.
The study focuses on a 1993 Clinton administration reform that was intended to rein in runaway CEO pay by capping the tax deductibility of executive compensation at $1 million. But the new rule included a huge loophole for stock options and other “performance” pay. As a result, the more corporations hand out in executive bonuses, the lower their tax bill. This perverse incentive for excessive compensation has been a major factor in the explosion of CEO pay.
The financial bailout program closed this loophole for recipients, but only until Read the rest of this entry »
Posted in - Business... None of yours, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: #BonusLoophole, 2016, abuse, bailout, banks, Big Banks, Bill Clinton, bonus, bonus loophole, CEO, CEO Bonus, CEO Compensation, Clinton, Congress, executive excess, fraud, free ride, government, law, legislation, loophole, money, pay, policy, report, research, study, subsidize, subsidy, tax deduction, tax dollars, tax free, taxes, taxpayer bailout, Wall Street, waste, Wells Fargo | Leave a Comment »
Posted by Warm Southern Breeze on Monday, June 18, 2012
Is this not a prime example of how “We the People…” should require higher tax rates of the über wealthy?
I mean, really… they get a deduction of $77,000 for their f*ing horse?!
What’s wrong with this picture!?!
Out of touch with reality, or out of touch with reality?
Mitt says “job one is creating jobs in America.”
Since Mitt & Ann get those rich-folk tax breaks, that makes him a “job creator.”
So maybe you can work in one of Mitt’s horse barns!
You plebian slob.
Romney Horse Wins Spot on Olympic Dressage Team
June 16, 2012
GLADSTONE, N.J. — Mitt Romney and his wife, Ann, who plan to attend the opening of the Olympic Games in London this summer, now have a personal rooting interest in the event.
Jan Ebeling, Mrs. Romney’s longtime riding tutor, and his horse Rafalca, co-owned by Mrs. Romney, Read the rest of this entry »
Posted in - Did they REALLY say that?, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: American, Ann Romney, avarice, average, deduction, dressage, Ebeling, horse, income, London, median, Mitt Romney, mom, Olympic, Olympic Games, out of touch, Rich as Croseus, Romney, Stay at home mom, Stephen Colbert, tax, tax break, tax deduction, taxes, United States, United States Equestrian Federation, wealth, YouTube | 2 Comments »