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View Diary: Steven Rattner offers ideas on raising tax revenue and I respond (72 comments)

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  •  IOW, your position is that bonuses (5+ / 0-)
    Recommended by:
    saluda, Sparhawk, ferg, nextstep, madhaus

    should be non-deductible.  the problem is that there are a lot of reasons people use bonuses, and a lot of them are totally legitimate.

    also, as it stands a bonus is basically a transfer of tax from the corporation to the exec, where its taxed at a higher rate (fed, state, and the additional imposition of Medicare payroll tax).  that doesn't strike me as a bad deal for the Treasury.

    •  Perhaps it could be means tested (1+ / 0-)
      Recommended by:
      ozsea1

      Allowing no deductions for bonuses for companies to employees with incomes/bonuses that exceed a certain level.

      There has to be a way to provide the proper incentives.

      Please stand by. I'm looking for a new sig line.

      by Betty Pinson on Sun Nov 25, 2012 at 10:02:56 AM PST

      [ Parent ]

      •  raise the CEOs personal taxes (0+ / 0-)

        Which is what Obama is proposing.

        The high salaries of the CEOs aren't a tax avoidance scheme, but the low tax rates encourage high CEO salaries. The companies are ripping off the employees and the shareholders, but not the IRS.

        If their personal taxes are raised, it will discourage companies from spending too much on CEO salaries.

    •  Bonuses vs. Salaries isn't the issue (0+ / 0-)

      What matters is the total level of compensation.

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