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I understand that the $mil dollar salary is a $mil dollar deduction for the corporation, and then the $mil salary is taxes at a higher W-2 tax rate.
My only point here is that CEO salaries have outpaced worker salaries by a huge ratio and it seems (to me) that this should be a little more equitable. I don't think we can impose salary rates on a free society so my recommendation is to only allow the company a limited tax deduction. In the example above, the company would only be allowed a $100k deduction vs the current $1mil deduction but the CEO will still have to pay tax on the full $1mil.
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