McCain Moving to Flat Tax Model?
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McCain Moving to Flat Tax Model?
| Thu, 10-23-2008 - 12:27pm |
This morning's "Morning Edition" featured an interview with Steve Forbes.
| Thu, 10-23-2008 - 12:27pm |
This morning's "Morning Edition" featured an interview with Steve Forbes.
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Another question (about taxes in general)
If an exec is compensated $200k per year, but paid $3 million in stock options in one year, does she only pay tax when she sells her shares? Does the company pay tax on those shares, provided as a form of compensation? Are stock options exempt from SS, unemployment, etc?
Stock options are subject to tax at two points.
When you exercise the stock options (in other words, when you decide to turn the options into actual shares of stock), you're taxed on the spread.
"I think moving to a flat tax, or even a two-tiered one would be a major improvement.
KAREN
"I would be concerned that people would see this as a last ditch effort to save his campaign and not have a lot of faith that he will follow through since he changed his tune mid process."
KAREN
"I also do not believe in other aspects of his campaign that are not tax related."
KAREN
I'm surprised I haven't heard anything about this since.
It's the same as salary.
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