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Corporations responded by not paying high salaries but instead giving people lavish expense accounts and company cars that were not taxed.
by harryh 11y ago
Corporations responded by not paying high salaries but instead giving people lavish expense accounts and company cars that were not taxed.
- eplanit 11y agoYes. And, the tax code was filled with so-called loopholes. Anybody with a brain and a competent accountant were able to cleverly avoid a lot. Many of these were eliminated in the Reagan-era "tax reform" (and more since).
- deleted 11y ago[deleted]