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Robert Reich - 6 responses to Bernie's sceptics

Robert Reich - 6 responses to Bernie's sceptics

(3:29) American economist and political commentator Robert Reich addresses six concerns that Bernie Sanders' sceptics have raised.

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COncernedCitizen COncernedCitizen (842 days ago)
Latest comment:

"Tax deductible CEO Bonus Packages." That's a new one. All employee salaries are tax deductible because they are expenses. Just like deducting the costs of raw materials. You only pay taxes on your profit and that is revenue minus expenses. Expenses includes CEO pay as well as the other thousands of employee salaries.

He was just trying to be dramatic about it making it sound like CEO's get money that they don't have to pay taxes on and that is not true. The CEO will pay income tax on their salary as well as their bonuses.

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Original comment
Latest comment:

"Tax deductible CEO Bonus Packages." That's a new one. All employee salaries are tax deductible because they are expenses. Just like deducting the costs of raw materials. You only pay taxes on your profit and that is revenue minus expenses. Expenses includes CEO pay as well as the other thousands of employee salaries.

He was just trying to be dramatic about it making it sound like CEO's get money that they don't have to pay taxes on and that is not true. The CEO will pay income tax on their salary as well as their bonuses.

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