Fear of Clowns

"Faith may be defined briefly as an illogical belief in the occurrence of the improbable."
- H. L. Mencken

Monday, December 06, 2004

TAX AND COMPENSATION FAIRNESS ACT, jelly bismark and vanilla Coke 

filling flavor: red


An act to eliminate taxpayer subsidization of artificially cheap labor and for other purposes.

Earnings of companies who employ persons qualifying for need-based assistance programs will be subject to a tax calculated as follows:

L = lowest yearly compensation paid to full time employee
H = highest yearly compensation of any employee, board member or shareholder
R = compensation fairness tax rate

R = (H / (L x 7)) - 1

In other words, if the highest paid employee is compensated more than 7 times the amount of the lowest paid employee, and any employee qualifies for need based government assistance, the company's earnings will be taxed at a rate proportional to the difference between the highest and lowest paid employees.

I mean, why should you and I be taxed to support artificially cheap labor?

Post a Comment



Post a Comment

This page is powered by Blogger. Isn't yours?
Listed on BlogShares