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View Diary: Durbin takes Social Security off the table (216 comments)

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  •  And (9+ / 0-)

    removing the ability for corporations to deduct executive bonuses above some level. The corporations would still be free to bonus their execs to their little corporate hearts' content. But they couldn't deduct amounts paid to each exec above that level, whether the payments are in cash, stock, or contribution to retirement account.

    I'm a Democrat - I believe that government has a positive role to play in the lives of ordinary people.

    by 1BQ on Sun Nov 25, 2012 at 09:40:10 AM PST

    [ Parent ]

    •  What happened to the $1,000,000 cap? (6+ / 0-)

      What we really need is to have all corporations have the executive compensation committee made up of hourly workers.

      The GOP is the party of mammon. They mock what Jesus taught.

      by freelunch on Sun Nov 25, 2012 at 09:57:56 AM PST

      [ Parent ]

      •  only applies to "salary", not "performance bonus". (1+ / 0-)
        Recommended by:
        freelunch

        Economic Policy Institute: Taxes and executive compensation

        Our key findings are:

            Companies are allowed to fully deduct components of executive compensation that meet the IRS requirements to qualify as “performance-based.” One of those requirements is shareholder approval. However, only very general information is provided to shareholders. Therefore, shareholders are asked to, and usually do, approve plans without knowing whether the performance conditions are challenging or not, and the potential payouts from the plan.

            Performance pay, such as stock options and non-equity incentive plans, that meets the IRS requirements for the “performance-based” exception is fully deductible. Salary, bonuses, and stock grants are deductible but subject to a limit of $1 million.

        As long as it's a "performance bonus", it's deductible.

        -7.75 -4.67

        "Freedom's just another word for nothing left to lose."

        There are no Christians in foxholes.

        by Odysseus on Sun Nov 25, 2012 at 11:20:31 AM PST

        [ Parent ]

      •  I like this idea. (5+ / 0-)
        Recommended by:
        fumie, hooper, JeffW, Cedwyn, freelunch
        What we really need is to have all corporations have the executive compensation committee made up of hourly workers.

        Renewable energy brings national global security.     

        by Calamity Jean on Sun Nov 25, 2012 at 01:55:03 PM PST

        [ Parent ]

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