Corporations score tax windfall | Arkansas Blog

Friday, December 30, 2011

Corporations score tax windfall

Posted By on Fri, Dec 30, 2011 at 6:48 AM

Another reminder in the New York Times today of why income tax rates hold little meaning since so many loopholes reduce the effect of high marginal rates.

Here, the Times details how corporations score huge windfalls by being able to claim deductions for huge stock options granted top executives. The deductions far exceed the cost of the options. Corporations have resisted efforts to fix the law.

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