I thought there already was a limit to how much a CEO's salary (and probably other high level officers) could be deducted as an expense. Possibly $1m. That is why so much of CEO compensation is in the form of stock options etc. McGuire made the vast majority of his money because of the stock price of UHC. Unintended consequences are a b!tch.
As far as the removing the cap on SS taxes, you do realize that the more you pay in, the more you get out. See my comment above about unintended consequences.
Quote:
Originally Posted by Tidybuoy
I think a company should have the right to pay it's management anything it pleases.
However, if I had a say in things, I would cap the payroll deduction on income taxes to no more than $100,000 per any individual employee. I do not think that the government (us) should be subsidizing million dollar salaries. I also think that the social security deduction for both employee and employer should not have a cap. If you make a lot of money, you simply have to contribute more to the fund.
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