Fact of the Day: Executive Compensation Is A Corporate Tax Deduction – Yes, That’s Really A Thing

Obviously I’ve had my head buried in the sand, because I was totally unaware that corporations can deduct executive pay from their federal income taxes. So what this means is, average tax payers are subsidizing a tax deduction for some of the richest corporations on the planet. And that might be fine if it was a tax deduction meant to spur something for the good of society. But no, it’s just a tax deduction that helps wealthy fucks pay other wealthy fucks large sums of money. — Robert Reich explains it with a lot more restraint than I.

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