What @wesheltonj failed to account for is that Section 162(m) didn't even exist until the Omnibus Budget Reconciliation Act 1993, and it had a large loophole in it. A loophole that wasn't closed until The Tax Cuts and Jobs Act of 2017. And that the data I cited goes back to 1978.
The current top marginal tax rate is 37% for ordinary earned income, and 20% for capital gains. Your hypothesis is that executives want to be taxed at 37% versus 20%.
Warning: Definition of "dues" varies greatly in America, proceed with caution.
Except they're not entry level jobs. That's been my point for months now. As I've stated earlier, food service industry jobs (burger flippers and associated) now account for roughly 10% of ALL employment in America now. But low-paying jobs in general (<$15/hour) account for almost 1 in 5 jobs in America now. Consider it <$17/hr, and the number rises to almost 1 in 4.
Read it again. They sent the postcards out again the next year and every year since.It may appear that way, but do you have proof? It seems to me that the government not sending out reminders anymore was possibly a cost cutting measure given the tough economic times. If you add up all the postcards for every registration for every resident in the state, even considering discounted postage costs, that could be a few million dollars in avoided postage costs. Perhaps the result of some DOGE predecessor?
Sounds like a lease tax. But I suppose a tax is a tax. I don't have any experience with those as I've always lived on the east coast.
Those permit holders sound like big businesses run by rich guys to me, yours sounds like a small business, run by you (wealth status unknown). Are you saying the laws are written in such a way that gives big businesses and the rich an unfair competitive advantage over small businesses by design? Careful now, lest someone on this forum declare that you too are anti-capitalist.
Sounds like they have high paid lobbyists, and you don't. Almost like the game is rigged in their favor. But we know that's not true because @Red Leg just got done telling us how decent, reasonable, and awesome big business was.
Your math doesn't math. Ten percent is not too high for entry level. Do you really think people are or should aspire to stay in these jobs and not work for a promotion? Restaurants, for example, each have supervisors and usually, four managers - two in the back of the house and two in the front. It is not that hard to get promoted unless you are a slacker.
Work has value and not all work has the same value. Somewhere along the way the government, be it state or federal but mostly state, has decided that wage controls are a good thing. Entry level jobs are exactly that, entry level. Politicians ''love to say things like "you can't feed a family of 4 on minimum wage", like that's the goal of minimum wage. The situation that they've now created is to treat all jobs as equal in terms of value when they are not. Some states FORCE restaurants to pay exurbanite wages for front-facing employees who get tips (untaxed now) on top of that; and now they are doing tip shamming where they tell customers what to tip. It's amazing that any of these low margin businesses can even exist, many can't and how does that help these entry level employees.
Trying to put common sense to Liberal logic will just give you a headache!
No, my Hypothesis is that the Corporations want the tax deduction for the executive salary. That's that's why executives are paid in Options. The Options only work if the stock price is above their receipt price. Paid in Stock is a different animal.
you know, Tubby, you are just wise beyond your years, and this ain't the first time.
Working class people can afford to attend live sporting events. Its a matter of priority and spending patterns.
It's funny how different cultures think about pro sports and its role in society, in America it is all about the money and profit, now even for college sports.
You are right the Super Bowl is never empty. But it is filled with rich folks and the tickets literally don't go on sale at all to the general public:
