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California floats proposal to tie corporate tax rate to CEO pay.

Posted on 4/24/14 at 8:24 pm
Posted by Yat27
Austin
Member since Nov 2010
8108 posts
Posted on 4/24/14 at 8:24 pm
The top tax rate would be 13% (a nearly 50% increase over the current rate). I can't help but think this is going to backfire on them.

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Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17438 posts
Posted on 4/24/14 at 8:27 pm to
Unfortunately this never seems to backfire
Posted by C
Houston
Member since Dec 2007
27816 posts
Posted on 4/24/14 at 8:30 pm to
7 % state income tax is low? yowzers!
Posted by Yat27
Austin
Member since Nov 2010
8108 posts
Posted on 4/24/14 at 8:35 pm to
quote:

7 % state income tax is low? yowzers!



I think very few companies will qualify for that rate. I'm visiting family in NorCal, and the local news said most large companies will have have their tax rates increased. The current corporate tax rate is 8.84%.
Posted by THRILLHO
Metry, LA
Member since Apr 2006
49488 posts
Posted on 4/24/14 at 8:49 pm to
Would enjoy watching it happen. Louisiana could steal some businesses away.
Posted by FightinTigersDammit
Louisiana North
Member since Mar 2006
34581 posts
Posted on 4/24/14 at 9:40 pm to
Another stupid idea from the West Coast.
Posted by imjustafatkid
Alabama
Member since Dec 2011
50274 posts
Posted on 4/24/14 at 9:41 pm to
I love this idea for California. All the best ceos would leave the state and the corporations would follow.

ETA: Actually, probably the cost would just get passed on to consumers.
This post was edited on 4/24/14 at 9:43 pm
Posted by Rohan2Reed
Member since Nov 2003
75674 posts
Posted on 4/24/14 at 9:46 pm to
Could the companies cut their CEO salaries to $0 and compensate them with stock options? Leaving a negative CEO to median worker compensation ratio? Then the state would have to make up the lost revenue from the coffers they've built extracted "fees" from energy companies?
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51461 posts
Posted on 4/24/14 at 9:53 pm to
quote:

Would enjoy watching it happen. Louisiana could steal some businesses away.


I have a feeling Austin's tech sector is about to experience even more growth.
Posted by Taxing Authority
Houston
Member since Feb 2010
57079 posts
Posted on 4/24/14 at 10:07 pm to
quote:

California floats proposal to tie corporate tax rate to CEO pay.
And some wonder why Austin is being overrun with Californians...
Posted by Rohan2Reed
Member since Nov 2003
75674 posts
Posted on 4/24/14 at 10:08 pm to
Hopefully the newly transplanted will take this type of nonsense to heart when they face the screams of the "Turn Texas Blue" crowd.
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 4/25/14 at 7:48 am to
quote:

Would enjoy watching it happen. Louisiana could steal some businesses away.
You are dreaming if you think the heads of California businesses will look twice at Louisiana. They will laugh at the infrastructure in Louisiana. They will be repulsed by the poor quality of the work force. The only way they would come to Louisiana is if Louisiana bribes them with tax breaks similar to the film credit.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123776 posts
Posted on 4/25/14 at 8:02 am to
quote:

California floats proposal to tie corporate tax rate to CEO pay.
Hollywood ain't gonna like that one bit
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98443 posts
Posted on 4/25/14 at 8:03 am to
State of Texas does its best Mr. Burns impression:

quote:

Exxxxxxcellent!
Posted by JEAUXBLEAUX
Bayonne, NJ
Member since May 2006
55358 posts
Posted on 4/25/14 at 8:17 am to
it will never work unless done on a Federal basis. Too many states would kill to take industry away from other states.
Posted by Antonio Moss
Baton Rouge
Member since Mar 2006
48294 posts
Posted on 4/25/14 at 8:18 am to
quote:

I can't help but think this is going to backfire on them.


Ya think?

Posted by Lsut81
Member since Jun 2005
80087 posts
Posted on 4/25/14 at 8:20 am to
quote:

California floats proposal to tie corporate tax rate to CEO pay.



Meanwhile in Texas



Posted by Taxing Authority
Houston
Member since Feb 2010
57079 posts
Posted on 4/25/14 at 9:59 am to
quote:

Hopefully the newly transplanted will take this type of nonsense to heart when they face the screams of the "Turn Texas Blue" crowd.
Oh, they are bringing heir politics. About a year ago a recent CA immigrant decided to try getting one of the oldest mountain bike trails in town closed after being here less than six months. It was quickly squashed-- this time.
Posted by Choctaw
Pumpin' Sunshine
Member since Jul 2007
77774 posts
Posted on 4/25/14 at 10:04 am to
quote:

a recent CA immigrant decided to try getting one of the oldest mountain bike trails in town closed


what was their reasoning?
Posted by Taxing Authority
Houston
Member since Feb 2010
57079 posts
Posted on 4/25/14 at 10:11 am to
quote:

what was their reasoning?
Bad for the environment. Trails mar the pristine forest (in the middle of a city).
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