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take time to read and absorb, but even a quick look at the graphs should get your attention and make you question the "Status Quo" and what the future holds if no changes are made.
Don't feel you have to respond immediately, but at your convenience look them over and think about what message they are sending...
Link: https://www.epi.org/publication/secular-stagnation/
the organization? How about race or gender? Tell us what your utopic vision is for equality of pay. Also, to insure you are not looking at this with jaded vision, let us in on what your profession is/was and where you were at within the organization.
y. Beyond that, it's a global economy, and our lower skilled workers are getting beat. But, hey, schools would rather teach CRT and lower standards so everyone feels happy about themselves.
slowing U.S. economic growth.
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Here's another perspective...
https://www.cbpp.org/research/poverty-and-inequality/a-guide-to-statistics-on-historical-trends-in-income-inequality
Do you honestly believe that CEOs are 940/12 times more productive than the average worker?...what's wrong with this picture?
The USA was strong and growing during the Eisenhower years when the maximum tax rate approached 90%...i.e. there was ZERO incentive for corporate boards to throw gobs of money at their CEOs, since the majority of it would go to the government, yet all industries were profitable and growing...and with the (unionized) labor force...this is historical fact...now look where we are...what changed?...look to the Reagan/Bush tax breaks for top earners and corps.
The operative word here is "Sharing"...something that many CEOs today are loathe to do.
Link: https://www.epi.org/publication/ceo-compensation-2018/
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compensation to that of average workers was on the order of 20:1...even Bill Gates and Warren Buffett side with Thomas Piketty.
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now did it...the wealthy were still wealthy, but even average factory workers could afford small vacation homes and send their kids to college...not the case today, is it?
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Link: https://taxfoundation.org/taxes-on-the-rich-1950s-not-high/
them to get compensated with stock options...the vast majority received cash subject to the tax codes...now much of a CEOs compensation is in the form of stock options that get taxed at capital gains rates...big difference from the 1950s...no?
The attached link suggests a solution...
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An Alternative Approach: Mark-to-Market Taxation of Stock Options
The Levin-McCain approach is not the only possible solution to the stock option book-tax mismatch. An alternative could make use of the mark-to-market valuation of financial instruments that is gaining greater attention in tax reform efforts. Under this alternate approach, the corporate employer could deduct the cost of the stock options at the time they are granted, matching the cost reported on the corporate books just as in the Levin-McCain proposal. In addition, this approach would require the employee to report taxable income in an equal amount in that same year and then subject the employee’s ongoing stock option holdings to mark-to-market taxation each year until the options are exercised, with any gains or losses taxed as ordinary income.
For example, assume that, in Year 1, a corporation grants an employee options to buy shares at a fixed strike price for the next 10 years, providing compensation estimated to be worth $10 million. Under this alternate proposal, in Year 1 the employer would record $10 million on its books as a compensation expense and deduct $10 million from its income for tax purposes. That same year, the employee would report $10 million in taxable income.
In Year 2, assume the value of the stock rises, and the value of the employee’s stock option holdings increases by $3 million over the previous year. The employer would not be able to claim an increased tax deduction, because the estimated value it recorded on the grant date was designed to take into account future fluctuations in the value of the options. At the same time, because the options actually increased in market value, the employee would report another $3 million in income for Year 2, to be taxed at ordinary rates.
Assume in Year 3, the stock options lose value. The employee would be able to use those losses to offset other taxable income.
Senator Ron Wyden, the ranking Democrat on the Senate Finance Committee, introduced a bill in the previous Congress called the Modernization of Derivatives Act, which would subject derivatives to mark-to-market taxation and tax the gains at ordinary income tax rates on an annual basis. Stock options are derivatives, since they derive their value from the underlying stock. However, as currently written, the Wyden bill would exempt derivatives that are paid as compensation. A better approach would be to drop that exemption, limit corporate tax deductions for stock option compensation to the value reported on the corporate books in the year the compensation was granted, and tax employees on the ongoing mark-to-market value of their stock option holdings until the options are exercised.
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What do think about this?
Link: https://itep.org/how-congress-can-stop-corporations-from-using-stock-options-to-dodge-taxes/
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for the producer, pay him/her an appropriate percentage of the gross...but then tax him/her at a significantly higher rate than the SAG actor.
See the link for a rationale as to why Progressive Tax Policies are beneficial.
Link: https://economics.mit.edu/files/6820
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In fact, it’s fairly horrifying. The goal should be to have the largest percentage of the population possible self-sufficient. But if anything our systems drastically move away from that: education, healthcare, etc
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