Quote:
Originally Posted by crockett
Yum! Brands is the parent company that owns Taco Bell, KFC and Pizza Hut. They are a pretty profitable outfit that employes about 400k workers here in the US. Sounds like the perfect example of how large business with highly paid CEO creates jobs in America..
However the reality is this company made over 1.6 billion last year it cost tax payers 650 million in welfare and public housing assistance due to the fact almost all it's employees are paid little to nothing over minimum wage. The CEO however made $94 million in 2011&12 through his performance pay structure. The added bonus for tax payers is the Yum! Is able to deduct his salary which cost the tax payers an additional $33 million in lost tax revenue.
Well there you have it, that's how the rich create jobs in America.. Obviously the solution is to do away with welfare...
http://iacknowledge.net/major-ceo-ma...yees-welfare1/ |
Bonuses are taxed at the highest tax rate. So the taxes paid by him are far more than the company would have ever paid themselves or what the individuals would have ever paid especially considering the majority are getting all if not more than they paid in back.