Sallow
The Big Bad Wolf.
The big issue is that the wealthy are playing the system that they created. A guy making $35,000 working in the sewers has no choice in how he gets paid. It is all taxed as income
The wealthy CEO can spell out which percent of his compensation will be paid as salary and which percent gets paid as a capital gain. Guess how much these guys take as salary?
You dont get paid "capital gains"...that is not how it works.
A CEO can not claim any capital gains if he does not own the company.
But if he owns the company, anything he takes out is income....most take 52K a year...1K weekly...and then monthly ditributions.
Those distributions? Taxed as regular income.
SOme leave the money in the company and when the company uses that money for growth, it is labelled as capital gains.....but that is not cash they take home.
Most capital gains that are being disputed are from personal investements......which started as taxable income before it was invested.
Um..no.
A CEO can defer compensation in numerous ways..most notably through stock options.
Steve Jobs, famously, got a dollar a year as a salary.
Any guess on how he died with over 50 billion dollars to leave to his heirs?