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View Diary: "Fix the Debt" CEOs Enjoy Taxpayer-Subsidized Pay (108 comments)

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  •  The article referenced is completely (6+ / 0-)

    misleading, which is disappointing. It's not even really about stock options, it is about this "loophole" that eliminates what amounts to double taxation. This excerpt is a great example:  

    Caesars Entertainment has hemorrhaged money in recent years, driving CEO Gary Loveman’s stock options underwater. Despite his poor performance, Loveman has managed to take home $9.6 million in cash bonuses, generating taxpayer subsidies the firm can cash in to lower its taxes in years to come.
    So cash pay to a CEO results, according to the authors, in "taxpayer subsidies". That's just flat-out wrong, and intentionally misleading if you ask me. The only thing that is happening here is that these situations are not resulting in the employee AND the corporation paying taxes on these amounts - in other words, double taxation. Somehow, the authors present this as a loophole/taxpayer subsidy.

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