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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (408193)	5/21/2003 2:30:16 PM
From: JakeStraw	Respond to of 769670

Tell us Kenneth, what's there to discuss?

To: Kenneth E. Phillipps who wrote (408193)	5/22/2003 12:40:29 AM
From: DavesM	Respond to of 769670

Ken, I didn't read the USA article, but it seems like a silly hypothesis. In order to pay someone with dividends rather than pay, don't you need to have stock first? How many people will continue to work, when their entire pay is composed by dividends? Most people would just sell the underlying stock and retire. Let's say a company hires an single engineer making $75K. In order to substitute a salary with stock dividends, somehow this engineer will first need to be granted close to a couple million in stock (assuming a generous 4% dividend). So a Company is going give a guy a couple million dollars - just so a company and employee can each avoid paying $7,000? re:"I just did post something of substance - the USA article which points out than under the Senate tax bill, an employer and employee can avoid payroll taxes by paying compensation as dividends rather than wages."