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Pastimes : Let's Talk About Our Feelings!!!
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To: Lizzie Tudor who wrote (72469)1/17/2000 8:46:00 PM
From: Constant Reader  Read Replies (1) of 108807
 
Perhaps they could get welfare, but I doubt it (although they may qualify for food stamps with zero current income). They are exchanging current compensation for deferred compensation but it is still compensation and they are thus gainfully employed. That compensation may prove negligible if the company goes bust, but that is the risk the individual takes when making the contract. Those who want a guaranteed amount may be better compensated at the moment, but not as generously compensated in the future.

If you are still signing employment contracts that result in no current compensation, I suggest you consult a qualified tax adviser. Your deferral of all income that one year (mentioned earlier) caused an increase in your taxes on your total compensation. Poor planning on your part - a qualified adviser may have saved you thousands.
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