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Valued Social Butterfly
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Re: How Did The Tax Cut and Jobs Act Affect CEO / CFO 's Pay ?

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Message 11 of 13

@GailL1 wrote:

Do you think this action will help with inequality? 

 

The TCJA limited the deductibility of CEO / CFO's (and some other selected executives) performance pay by a Corporation just like President Obama did in the PPACA with Insuance companies.  There is a "grandfathered" period but if they modify a contract after November 2017 - they are not grandfathered.

 

IRS:  Section 162(m)(1) disallows the deduction by any publicly held corporation for applicable employee remuneration paid to any covered employee to the extent that such remuneration for the taxable year exceeds $1,000,000.

https://www.irs.gov/pub/irs-drop/n-18-68.pdf

 

How much have you heard about this in the media?

How much have you heard about this from the other party?

NONE - we are too busy talking about why some people's aren't getting their refund!  (which they control, if I might add).

 


Interesting, but all this says is the CORPORATION, not the Oligarch receiving the pay, loses a deduction which is more than made up for by the $1.2TRILLION lil donny handed the Corporate Oligarchs and was IMMEDIATELY used to buy back stock, reducing outside (stockholder) influence on the actions of the Oligarchs AND greatly increasing the value of their stocks and options.

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Treasured Social Butterfly
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Re: How Did The Tax Cut and Jobs Act Affect CEO / CFO 's Pay ?

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Message 12 of 13

Gail  as long as human being exist, they only care about the things that affect them personally.

And yes the media and anyone else for that matter has had nothing to say on this subject

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Valued Social Butterfly
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How Did The Tax Cut and Jobs Act Affect CEO / CFO 's Pay ?

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Message 13 of 13

Do you think this action will help with inequality? 

 

The TCJA limited the deductibility of CEO / CFO's (and some other selected executives) performance pay by a Corporation just like President Obama did in the PPACA with Insuance companies.  There is a "grandfathered" period but if they modify a contract after November 2017 - they are not grandfathered.

 

IRS:  Section 162(m)(1) disallows the deduction by any publicly held corporation for applicable employee remuneration paid to any covered employee to the extent that such remuneration for the taxable year exceeds $1,000,000.

https://www.irs.gov/pub/irs-drop/n-18-68.pdf

 

How much have you heard about this in the media?

How much have you heard about this from the other party?

NONE - we are too busy talking about why some people's aren't getting their refund!  (which they control, if I might add).

 

* * * * It's Always Something . . . Roseanne Roseannadanna
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