A 20% tax on golden parachutes

[pokerfan]

:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:

[mediaman007]

1. They get to keep 80%...pretty generous!

[SE_Ohio_Dem]

2. So that means that they only get to keep 80% ?

Better that we just let them keep the parachute lines so they have enough rope to hang themselves.

[Wapsie B]

3. No, in situations such as this, the golden parachutes need to be garnished.

Taken away completely.

[DURHAM D]

4. Its a 20% surtax.

I assume the golden parachutes are already taxed to the individual. The surtax may be on the Corporation that pays it out - not on the individual. Does anyone know enough about this to explain it?

[pinto]

5. Sorry if I missed it, just coming on. Have the details been released online?

I'd heard they would be posted for public review.

[pokerfan]

6. I'm aware it's a surtax

But 45% (100-35-20) of a large number is still a large number. Found money is found money. These aren't salaries that are being reduced by 20%. It's loot.

[MNDemNY]

7. 70% would be more in line.

[LiberalFighter]

8. How about adding a 1% tax to the shareholders each time there is a parachute payment?

How many shareholders will put up with it then?