normiss 906 #1 December 30, 2011 or simple tax oversight? Quote Share this post Link to post Share on other sites
mnealtx 0 #2 December 30, 2011 Neither, but that doesn't sell papers.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
normiss 906 #3 December 30, 2011 Agreed. Still holding my options for awhile as well. Quote Share this post Link to post Share on other sites
GeorgiaDon 385 #4 December 30, 2011 Seems like a nice dodge to get the taxpayer to pay for a substantial chunk of CEO compensation. Can anyone remind me why it's bad for unemployed people to collect unemployment insurance, but it's just dandy for private corporations to use tax writeoffs to pay their executives? Don_____________________________________ Tolerance is the cost we must pay for our adventure in liberty. (Dworkin, 1996) “Education is not filling a bucket, but lighting a fire.” (Yeats) Quote Share this post Link to post Share on other sites
nanook 1 #5 December 30, 2011 Neither. We can do this too. What the link is putting a spin on is something that is called a "carryover" by the company. Since the stocks were a serious loss, they sold them to the CEO's at a set price over a period, which is the same as a trade (sell) in which a loss is realized. Then the company is able to spread the total loss as a carryover till the loss total has been expended. Nothing here is a secret. In fact many companies are able to use their carryover from losses these past several years to lower their tax liability. This is just as common in the private sector._____________________________ "The trouble with quotes on the internet is that you can never know if they are genuine" - Abraham Lincoln Quote Share this post Link to post Share on other sites
nanook 1 #6 December 30, 2011 Oops. nevermind. . . I feel sheepish*Actually read what you and mnealx posted. _____________________________ "The trouble with quotes on the internet is that you can never know if they are genuine" - Abraham Lincoln Quote Share this post Link to post Share on other sites
mnealtx 0 #7 December 30, 2011 Quote Oops. nevermind. . . I feel sheepish*Actually read what you and mnealx posted. Don't be - it was a good response.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
normiss 906 #8 December 31, 2011 Agreed. Rare that people in THIS forum actually read the details and understand the issue. There are some that are decrying this as yet another way for corporation to dodge paying federal taxes. The devil is in the details. Quote Share this post Link to post Share on other sites
