The Republicans like to look back at certain events in history and selectively remember bits and pieces. For example, even today many believe that if only we did (fill in the blank) we could have won Vietnam. Uh huh, right. Another classic theory is that the Great Depression ushered in unnecessary 'socialist' programs that block individual initiative, forcing people to rely on government handouts. Read through this link and think about just how much the likes of Mozilo, O'Neil, Prince and their kind have manipulated the US system in their favor at the expense of everyone else. Let these people play on the same level field as the rest of us and let's see how well everyone does. Here's one of the more interesting perks for America's executives:
Perhaps the most bizarre compensation a CEO receives is assistance paying their income tax on their pay and perks. A new report from The Corporate Library delves into the increasingly common practice of "grossing up".
In a nutshell that means the company picks up the income tax liabilities a CEO faces on his perks, and sometimes even his pay and bonuses. The Corporate Library, in examining 3,297 proxy statements filed between February 2007 and February 2008 found that 20% of CEOs (more than 650 individuals) receive tax gross-ups on part of their income.
