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Politics : Bill Clinton Scandal - SANITY CHECK
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To: Lizzie Tudor who wrote (4783)9/23/1998 10:59:00 AM
From: j_b  Read Replies (1) of 67261
 
OT****<< Well, my corporation was paid in stock. I paid myself very little. How much taxes should I pay>>

Are you implying that the stock transaction was not a taxable transaction? If so, you may be in for a rude surprise. Being paid with stock is still being paid. The transaction is valued at either the value of your services or the value of the stock depending on certain circumstances, but it is still income. If the stock was given to your corporation, the corporation will show the value of the transaction as income, and will be taxed accordingly.

<<If I were an employee of Dell I would have paid much more in taxes, and I would have earned much less>>

How do you arrive at this conclusion? If you earned more, you probably owed more in taxes. If you didn't owe more, you either didn't earn as much, or you had other tax shelters. Of course, the Dell employees may also have those shelters. The employees also probably got stock options as part of their pay, and may even have access to a discounted stock purchase plan. They also have benefits, etc. As to the Dell employees not having the option of being paid using stock - they can always approach management and make the offer. I've done that with some success at various companies.
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