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Ultimate Clemson Legend [109051]
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Neat little chart I came across this morning for the kill the rich libs.
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Jun 2, 2025, 6:45 AM
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Also for those tax the rich folks.
WSJ released data on the country's highest paid CEOs. Almost none paid in any significant percentage in cash. Almost all pay is in equities or other forms of compensation. They call it compensation to avoid calling it income.
So when some crooked Congressman tells you they will stick it to the rich by raising income taxes, just know that applies only to the little sliver of cash you see in the chart.
https://www.wsj.com/business/rick-smith-axon-ceo-pay-package-2024-6e864a64
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Playmaker [368]
TigerPulse: 96%
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Re: Neat little chart I came across this morning for the kill the rich libs.
Jun 2, 2025, 7:11 AM
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Which is why the lying Congress needs to be overhauled or replaced entirely even if it takes a 1/6 type event. Not picking sides here because all need replaced, term limits need set and a balanced budget mandated by LAW>
As to the chart,ALL money one collects should be classified as income and taxed as such no matter the source. That would go a long ways to a first step.
Progressives will be here shortly to point that it should go back to the 50's tax rates but that solves NOTHING as they do not bother to educate themselves to the fact effective rates have remained the same since that time. They just closed some holes and NOBODY paid those 1950"s rates.
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Ultimate Tiger [33577]
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Re: Neat little chart I came across this morning for the kill the rich libs.
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Jun 2, 2025, 8:51 AM
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Sooo... you want to kill Congress and stifle investment.
If a person is paid in restricted stock, it counts as income at vesting.
If a person sells an investment for a loss, are you saying that should count towards your income?
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Playmaker [362]
TigerPulse: 100%
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Re: Neat little chart I came across this morning for the kill the rich libs.
Jun 2, 2025, 6:13 PM
[ in reply to Re: Neat little chart I came across this morning for the kill the rich libs. ] |
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I'd like to see a 90% top marginal tax rate, even if serves as no more than a message that says "You've got enough, now go do something worthwhile with your time."Who knows? Maybe they'll figure out a way to make it effective.>
And no to the balanced budget law. Hard times are when you want the government to run deficits to ease the pain. Of course the deficits should be offset by savings in good times, but that is a whole 'nother smoke.
Message was edited by: fitch®
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Paw Master [17365]
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The most un-American post ever.***
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Jun 2, 2025, 9:06 PM
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TigerNet Champion [121557]
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It does not matter
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Jun 2, 2025, 3:51 PM
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we are too far down the road to tax our way out of this mess. The time was 20 years ago, but we instead blew a hole in our deficit spending that never stopped. Unless you have genrational wealth, or are already sitting on a few million, best of luck to you.
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Playmaker [362]
TigerPulse: 100%
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Help Me Understand
Jun 2, 2025, 4:58 PM
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I read that 70% of the debt is owed domestically.
What does it even mean that part of the debt is owed to an institution like the the Federal Reserve? What are the implications?
Message was edited by: fitch®
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Orange Phenom [14525]
TigerPulse: 100%
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You do know that equity awards are income and taxable right?
Jun 2, 2025, 8:47 PM
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In fact the taxes paid on stock awards are usually much higer than salary.
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Clemson Conqueror [11661]
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Re: You do know that equity awards are income and taxable right?
Jun 2, 2025, 9:01 PM
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These stock awards are usually restricted, which means that the recipient of the stock is forced to hold onto it for a predetermined amount of time.
A personal example of restricted stock, which in my case was merely the opportunity for me to get one share of my employer’s stock for free for every two shares that I bought under my employer’s restricted stock employee purchase program. (The free shares are the income component.)
I was required to hold both the purchased shares + the free shares in a third party account (UBS) for 5 years before being allowed to sell them.
I did not sell any of these shares until ~ 10 years after acquiring them. There was no tax burden until such time that I sold the stock; the tax burden was not deployed at the time of the award because the IRS could not have known if the shares would increase in value or become worthless, as might have been the case if my employer’s stock for went bankrupt.
Did this help?
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Orange Phenom [14525]
TigerPulse: 100%
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Im aware of how stock grants work; I get them in regular intervals
Jun 2, 2025, 9:11 PM
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And pay income tax on them when they are vested. We also have a separate employee stock purchase plan where we can purchase our company’s stock at a % discount of the market price. This discount is also taxable; the difference between the market value on the issue date and the basis price is taxed as regular income. Any gain on the sale price over the market price when the stock was initially purchased is taxable as capital gains. All of this is to say that structuring a portion of executive compensation as stock awards is absolutely taxable.
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TigerNet Elite [72320]
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You are obsessed with the idea that
Jun 2, 2025, 9:17 PM
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all “rich” people are only rich on paper and valuation or their wealth. You seem to think that no one has the cash on hand. And don’t start with the “bank doesn’t have your cash” BS.
Literally obsessed with it.
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Orange Elite [5459]
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The question is why are you ok with these tax avoidance strategies?***
Jun 2, 2025, 9:56 PM
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Orange Phenom [14525]
TigerPulse: 100%
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Why are you against tying executives compensation to the success of the company?
Jun 2, 2025, 10:46 PM
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These aren’t tax avoiding strategies; again stock awards are taxed. Give a person $1M in stock, instead of $1m in cash, and he or she can work to increase the value of that stock by growing the company. That’s the biggest reason it’s done.
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