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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (522739)10/22/2009 1:28:37 PM
From: bentway  Read Replies (1) | Respond to of 1579139
 
The IRS rules on that sort of crap every year, and their rule is LAW..



To: Tenchusatsu who wrote (522739)10/22/2009 1:34:45 PM
From: Road Walker  Respond to of 1579139
 
Any punitive tax on high income can easily be bypassed as long as the executives control the definition of "perks" vs. "cost of doing business."

They don't. The IRS does.

Does Hector Ruiz' personal jet and limo count as a perk or as a business expense, for example? How about the AIG junket to St. Regis, a five-star resort not too far from where I live?.

Yes and yes. A boon for stockholders.


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