3 ms·
So is the argument here that if a CEO is going to face a 70%, or really anything > 50%, after a certain amount they are just not going to pay themselves more an
by AdamM12 8y ago
So is the argument here that if a CEO is going to face a 70%, or really anything > 50%, after a certain amount they are just not going to pay themselves more and instead pay their workers more?
I could really only see that working if they simply eliminated the corporate tax and treaded all entities as pass through entities so it was taxed as OID. This is something I'm not actually opposed to as it would force entities to pay out cash to stock holders and they can use that money for other things vs. it being held on the balance sheet for a decade.
Also what happens if they just pay themselves more and accept the fact that the government takes 70%? Does the government redistribute that back via EITC or buy more hellfire missiles?