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Old 03-21-2011, 12:36 PM   #5 (permalink)
The_Jazz
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Umm, bonuses are only initially taxed at a lower tax rate, which is 25%, not 15%. At the end of the year, an individual's net income is taxed, and the bonus would then be taxed at the same rate as the rest of the income. I'll say this as nicely as I can, but your statement above about taxed bonuses is false.

As far as your claim about highly paid CEO's not paying the listed tax rates, I'd like to see your proof for such a claim. Many of those returns are matters of public record, so please let me know which CEO's you believe aren't paying the correct tax rate.

Now, there are no "loopholes" for CEO's of the industries you described. There are no person-specific loopholes at all. There are no exemptions for "Wall Street bonuses", and I have no idea what a "offshore clause" would be that would eliminate a tax burden. There's simply no such animal in my experience.

I understand your theory about short term gains, and I don't disagree with it, but there's a point where the system can't penalize for those sorts of gains (or reward the losses).
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