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Re:66% Of American Corporations Pay Zero Federal Income Tax. by josefresco on Monday April 20, 2009 @08:00AM (#570506)
Yeah that extra tax money they save goes into paying their employees more, expanding and creating new jobs and growing our economy...

Oh wait, this is reality. It actually just ends up in their CEO's pocket which then gets passed on to their kids and other friends in high places. I'm so glad they're not paying taxes and forcing our government to 'waste' that money.

Re:66% Of American Corporations Pay Zero Federal Income Tax. by nazgulnarsil on Monday April 20, 2009 @08:49AM (#570575)
the money used to pay CEO's is a drop in the bucket next to the operating costs of a large company. how about data instead of rhetoric?
Re:66% Of American Corporations Pay Zero Federal Income Tax. by DanielBMarkham on Monday April 20, 2009 @08:11AM (#570520)
Yes, the extra money of _theirs_ that is not taxed does go into growth, or into dividends, or into salaries.

In fact, for a company to be successful, they need to be better at allocating excess cash than their competitors.

CEO salaries are an extremely small subset of the profits companies make.

In fact, since all of the money is so well allocated, it's really impossible to tax a corporation, if you think about it. All you would do is increase their expenses, which would then be passed to their customers. You can't get money from a corporation that doesn't exist in a customer's hands at one point, and taxing companies is just another way of taxing the customers that use them.

I mean really, think this through. Do you really think that the .1% of gross profits that go to a CEO makes one speck of difference in the large picture?

Re:66% Of American Corporations Pay Zero Federal Income Tax. by ph0rque on Monday April 20, 2009 @08:15AM (#570525)
Do you really think that the .1% of gross profits that go to a CEO makes one speck of difference in the large picture?

Interesting... do you have any citations? (I am genuinely curious, not looking to continue an argument.)

Re:66% Of American Corporations Pay Zero Federal Income Tax. by DanielBMarkham on Monday April 20, 2009 @08:18AM (#570527)
I confess to pulling that one out of my ass.

I'd be curious to see some stats too.

But using common sense (which always isn't so good a guide) can you imagine being a board of directors that approved the CEO making 10 percent of profits? You'd have to be an idiot. (Unless he were also a founder and controlled the board)

Not that boards are very popular right now -- but I don't think they're that dumb.

I came up with that figure using an imaginary $10 Billion company paying their execs in the tens of million range, which seems reasonable to me.