If you were CEO making $1M and your income tax was raised how would you compesate yourself for such outrage?

Which kind of CEO am I?

If I made my money honestly, then there are any number of things I might do:

- Personally, I don't think that laying anybody off would be my first response. I would not want to punish my employees for the actions of government. Not only that, but if I needed the employees, I would also be harming my own livelihood by reducing production.

- I would probably consider looking for tax havens. Knowing that a high income person such as myself is closely scrutinized by the IRS, I would be careful to avoid anything shady or illegal.

- If the tax increase were large enough, I might cut down consumption.

- Again, if the tax increase were too great, I might consider no longer working.

- I would certainly consider other forms of compensation. Many executives receive long-term compensation packages for just such purposes. The IRS limits these types of compensation, and there is probably a good chance that I would have already maxed them out if I was an extremely high-paid CEO.

- For modestly small increases, I would consider doing nothing out of the ordinary. I wouldn't cut consumption. Rather, I would have less to invest. I would be less wealthy. Assuming that government spending is wasteful (as I do), the economy as a whole would be poorer even though a few special interests would be benefited. I wouldn't like it, but I've learned to let some things go that I can't change (even though I may complain about them). This is probably my most likely response as an honest businessman.

The other kind of CEOs are the dishonest ones. If I am one of them, there are lots of things that I can do:

- If I made my money through government favors, I might be able to get my politician friends to cut me some breaks. Maybe I could get some special tax breaks. Or maybe they could turn some business my direction.

- If my politician friends decide to abandon me, I could certainly pass on the pain to my employees in the form of cuts, outsourcing and so forth.

- Some types of dishonest businessmen have no qualms to acting on the shady side of things. My choice of tax havens probably is larger than for an honest person.

- I could probably weasle some extra compensation out of the board of directors. Stock holders will be worse off, but why should I worry about them? [Note, honest CEOs try to get paid as much as they can too. But they probably avoid working for companies with corrupt boards of directors.]

In summary, people need to understand that not all CEO incomes are really derived from free markets. Perhaps few of them are. Many are partnerships with politicians who fashion laws and tax code to favor large, well-connected companies. While most of them are talented people, they enjoy less competition than if the government left things alone.

An increased tax on the wealthy will probably be avoided or compensated to the privileged and corrupt. The honest wealthy (the ones who created wealth-generating business - who earned their wealth) are the ones who will end up actually paying the tax.

First of all I'm not a CEO making 1 million per year and very few people are, but if you don't like the personal income taxes no matter what your wage bracket is,,,,,vote for Ron Paul, and get All of your associates to vote for Ron Paul , because he is serious about abolishing the IRS.

He will cut government spending { over time } to the point where there will be ""NO"" personal income tax, because enough revenue from different sources will be enough to run a smaller government.

Sounds Good To Me!

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Tell all my workers "Sorry no raises this year or next or next, here is the phone number for the people who laid this new higher tax burden on me so be sure to let them know how you feel."

Then I would raise the amount of "cash" payments I take and funnel all that cash to places with strict secret banking. Then I would find a place with no extridition treaty, tell the feds to kiss my behind and take all my money and go there.

lack of information is bliss. You earn 250k and in Federal and State Taxes you pay 50% leaving you 125k In NYC you would be unable to even lease an house in ny with that little bit. you would be unable to repay the 200k in college loans that knowledgeable you sufficient to earn that great income. you would be screaming in case you earned 40k and the government took a million/2 and left you 20k to proceed to exist. Time to enhance up and do your man or woman learn

The 1st thing I would do is search the land far and wide for

a Left Wing Socialist Liberal.

2nd thing I would do is give him my job.

3rd thing I would do it walk out the door, and not look back.

4th thing I would do is read the Business section of the paper

to see how long it took the fool to sink the company, O well

dems are such business leaders.

Seek additional compensation that the government couldn't get its greedy little paws on.

Or find some very aggressive tax avoidance methods. (Avoidance, as in legal methods to prevent greedy government from taking money, as opposed to illegal tax evasion, which is hiding income or failure to pay taxes)

If you're a CEO making $1M, isn't that enough to invest in other corps and einhance your wealth?

And taking your business off-shore... how un-American is that?

In such a scenario, any tax increase will be like a drop in the ocean!

Simple, stop buying the goods and services that support other people in order to save money

Funny you should mention that, that's just what the Dems want. A return of the higher tax structure of the 1990s......