Personally I think corporations should be paying taxes back at the pre Bush tax cut levels, dividends and capital gains should be taxed as ordinary income, and folks accumulating more than a million dollars a year should pay at least 25% tax on that.
I'm all for taxing all of their compensation as income, but the problem with stock options is that the day they get them, they aren't worth anything (usually). Stock is trading at $100 per share. Exec gets 1,000 options to buy the stock at $100 per share. Worth nothing directly on day one. A year later, when the stock is trading at $110 per share they are worth $10 x 1,000 = $10,000. If the stock price is at $100 or less, they are still worthless.
Now that's overly simplistic, and certainly having options is worth more than not having options, but the stock price has to go up for them to get value.
Point is, tax the eventual return on exercising them as normal income with all the other taxes (SS, medicare, etc.), but trying to tax them up front is fairly problematic.
Sorry but your message is not clear. Are you stating that taxing corporations at 25% is a deal breaker for you? And please don't tell me that corps don't pay taxes, that we do.
You make a cogent, well thought out case against ever voting Republican.
But Biden wants to tax corporations at 25%, so...checkmate, atheist.
Republicans want to tax every American at 30%. Tilt.
Personally I think corporations should be paying taxes back at the pre Bush tax cut levels, dividends and capital gains should be taxed as ordinary income, and folks accumulating more than a million dollars a year should pay at least 25% tax on that.
I wasn't making an argument for any particular level of corporate taxation.
I was mocking Republicans that will vote for anyone, even Trump, with an R next to his name because Democrats want to do X.
I'm all for taxing all of their compensation as income, but the problem with stock options is that the day they get them, they aren't worth anything (usually). Stock is trading at $100 per share. Exec gets 1,000 options to buy the stock at $100 per share. Worth nothing directly on day one. A year later, when the stock is trading at $110 per share they are worth $10 x 1,000 = $10,000. If the stock price is at $100 or less, they are still worthless.
Now that's overly simplistic, and certainly having options is worth more than not having options, but the stock price has to go up for them to get value.
Point is, tax the eventual return on exercising them as normal income with all the other taxes (SS, medicare, etc.), but trying to tax them up front is fairly problematic.
No need for name calling; however, IтАЩm not familiar with the тАШCheckmate AtheistтАЩ denomination.
Thanks for this question. I was looking up and down the page for comments by someone called "athiest."
I forgot a comma. Fixed.
Oh, and:
https://knowyourmeme.com/memes/checkmate-atheists
Thanks, just amusing myself this a.m.
Sorry but your message is not clear. Are you stating that taxing corporations at 25% is a deal breaker for you? And please don't tell me that corps don't pay taxes, that we do.
I read it as sarcasm, based upon the OP's post history.
Mercer gets me.
False equivalence?
Nope, mockery of people that will vote for any terrible Republican because they can't fathom voting for a Democrat, ever.
I stand corrected. :)
The false equivalence is folks who aren't being sarcastic. :)