Catch up on stories from the past week (and beyond) at the Slashdot story archive

 



Forgot your password?
typodupeerror

Slashdot videos: Now with more Slashdot!

  • View

  • Discuss

  • Share

We've improved Slashdot's video section; now you can view our video interviews, product close-ups and site visits with all the usual Slashdot options to comment, share, etc. No more walled garden! It's a work in progress -- we hope you'll check it out (Learn more about the recent updates).

×

Comment: Re:There's only one clear choice. (Score 1) 300

by Ardias (#40928125) Attached to: Wikipedia Edits Forecast Romney's Vice Presidential Pick

Here are some ways to make millions and not pay taxes.

Many companies pay their CEO's a $1 nominal salary. The company then takes out a $10M life insurance policy on the CEO. The CEO "borrows" money from the life insurance with a promise to pay it back later. The company forgives any money borrowed against the policy.

A company gives may perks to the CEO in lieu of a salary. (e.g. - free vacation with use of company jet, free use of mansion owned by company, free use of car owned by company, etc...) CEO effectively lives a lavish lifestyle without having to pay for it himself. The company pays the CEO in stocks and options that vest later so CEO can delay taxes on those while living quite comfortably.

The company is incorporated in a foreign nation, and pays the CEO a big salary in that nation's currency. CEO keeps salary in offshore bank account.

Real Users find the one combination of bizarre input values that shuts down the system for days.

Working...