Comment: Re:Why Jobs and Ellison don't get in trouble (Score 1) 509
I rather think that they don't get in trouble because their recorded income subject to FICA and medicare is much higher than $1. Salary is not the only form of compensation for them.
For example, I work for Intel. Last year my base salary accounted for about 68% of my taxed income. The rest came from 2 different bonus programs and from stock grants and a discounted stock purchase program. All of that income was recorded on my W2 and taxed appropriately.
I believe for most of $1 salary guys, the cash bonuses are the in high hundreds of thousands and the stock grants are in the millions. That still gets taxed as income and the IRS doesn't have a problem with it. The low salary is done for 2 reasons: 1) Make all of their income dependent on company performance, 2) Morale booster for the rank and file.