ReverendJulesWinnfield
New member
- Jul 2, 2010
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I retired last year from my job as a Corporate Pilot and my last year's salary was a bit over $100,000.00. My tax rate was about 38% .
My boss, the CEO made a bit over 1.7 Million that year and his tax rate ended up at about 19%.
I have heard the argument that he should pay a lower rate than I because, as a wealthy man, his money stimulates the economy and creates jobs.
I can see how he can stimulate the economy more than I and he certainly stimulates the Mercedes dealership and he certainly seemed to stimulate the fine ladies who flew with us many times, "consultants" they were called.
But what does that have to do with creating jobs? The "consultants" were paid by the Corporations as far as I know, but maybe he paid them out of his pocket. In that case he did "create jobs".
If I had paid the same tax rate as he, I would have had another $19,000.00 in my pocket to do some "stimulating" myself.
My boss, the CEO made a bit over 1.7 Million that year and his tax rate ended up at about 19%.
I have heard the argument that he should pay a lower rate than I because, as a wealthy man, his money stimulates the economy and creates jobs.
I can see how he can stimulate the economy more than I and he certainly stimulates the Mercedes dealership and he certainly seemed to stimulate the fine ladies who flew with us many times, "consultants" they were called.
But what does that have to do with creating jobs? The "consultants" were paid by the Corporations as far as I know, but maybe he paid them out of his pocket. In that case he did "create jobs".
If I had paid the same tax rate as he, I would have had another $19,000.00 in my pocket to do some "stimulating" myself.