Capital Gains Tax

akatrex

Literotica Guru
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The following people have been listed as having single-digit salaries:

Steve Jobs (Apple)

Mark Zuckerberg (Facebook)

Elon Musk (Tesla Motors)

Lee Iacocca (Chrysler Corporation)

Jerry Yang (Yahoo!)

Sergey Brin (Google)

Larry Page (Google)

Eric Schmidt (Google)

Arnold Schwarzenegger (former Governor of California)

Michael Bloomberg (Mayor of New York City)

Joseph Marinaccio (Slam Content)

Henry Samueli (Broadcom Corporation)

Richard Kinder (Kinder Morgan

James Li (Syntax-Brillian)

Sehat Sutardja (Marvell Technology Group)

Pantas Sutardja (Marvell Technology Group)

John Mackey (Whole Foods Market), who also does not take any alternative form of compensation (stock options, bonus, etc.) either.

Meg Whitman (Hewlett-Packard)

Darren Entwistle (TELUS)

In the United States of America, individuals and corporations pay income tax on the net total of all their capital gains just as they do on other sorts of income. Capital gains are generally taxed at a preferential rate in comparison to ordinary income (26 U.S.C. §1(h)).

This rule is intended to provide incentives for investors to make capital investments, to fund entrepreneurial activity.
 
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