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And you're not even factoring in that most of their income comes in the form of grants or options that pay the capital gains tax rate.
by mattmaroon 18y ago
And you're not even factoring in that most of their income comes in the form of grants or options that pay the capital gains tax rate.
- ryanwaggoner 18y agoAgreed, though the article specifically said "salary", so I gave them the benefit of the doubt there ;)
- mattmaroon 18y agoIt did, I'm just assuming Obama was including incentive based compensation or otherwise it's just too trivial to game.
- Retric 18y agoActually he is fine with incentive based compensation, but the government needs to be paid back before they can collect the incentive's. What he is trying to avoid is news story's where the government lost money and the bankers got million+ dollar compensation.
- mattmaroon 18y agoI'm sure in the long run he is also fine with >$500k salaries. I would sure hope so.