Re:California wants to tax companies for executive pay ratio
by WalterBright on Saturday January 18, 2020 @03:05AM
(#22083111)
> I do wonder if it's an amount proportional to their wealth
Federal income tax is based on income, not wealth. It's entirely possible (and happens all the time) that wealthy people have a bad year with their investments and lose money. They don't pay income taxes on losses.
Federal income tax is based on income, not wealth. It's entirely possible (and happens all the time) that wealthy people have a bad year with their investments and lose money. They don't pay income taxes on losses.