Politically Inspired

This stuff has to be politically inspired...

Article in Today's NY Times:

Where Pay for Chief Execs Tops the Company Tax Burden... At least 25 top United States companies paid more to their chief executives in 2010 than they did to the federal government in taxes, according to a study released on Wednesday.

You don't even need to read the article; the title says it all... And of course it made no mention of the personal income tax the CEOs paid...

In fact, think about it, since the corporate loopholes are so ridiculous (I sympathize btw), the more they pay the CEOs the better!!!! That's how Uncle Sam gets the "much needed revenue"...

I say we lower the corporate rate to zero!! That way the people who ultimately get the pay pay the tax!!


Ps: Of course the article goes on to cite Warren Buffet's recent plea to tax billionaires.... This is the same Warren Buffet who just did the $5 billion dollar deal with B of A (did a couple of others at the height of the crisis)... A deal that nets his company a mere 14% tax rate on the zillions of income it'll receive on this and other deals just like it in the years to come, which is a big part of what makes those deals so attractive... and I'm all for it... Berkshire will no doubt put that money to better (job-productive) use than Uncle Sam....It's the hypocrisy that gripes me........

Pss: Really? Someone really paid for a study??