Ok - fun fact #42; At walmart, you'll apparently save enough shopping there, that you can then afford to buy yourself a nice P100D model X. Obviously the rest of us Walmart shoppers haven't been shopping there often or long enough. I for one will be going back early tomorrow .
Been decades since i represented in tax court - but generally (ie, this doesn't amount to legal advice & prepare for your eyes to glaze over) , Fed Tax Courts hold that compensation paid to Officers of S corps is reasonable (whether high or low) under a 5 prong test. Since S corps' dividends are taxable to both the officer & corporation (double taxation) - payroll tax lost revenue issues are negligible - unlike with C corp's - & dividend payments to officers are NOT deductible to the S corp. So Musk MIGHT get millions in dividends (or even stock options) and MIGHT only get $1 in sallary. But regular income (even larger than $1) doesn't have to be reported when it's just a few bucks - so how would the articles' author even know if he only got a buck .
In marriage - humor is the great coping mechanism Humor: The Human Gift for Coping and Survival | Psychology Today Humor (example - joke) ; What's the 3 words a husband hates to hear during love making . . . "honey I'm home ! " .
Not sure about CA, however in MN, the minimum wage only applies to hourly workers. ----------update---------- I stand corrected, CA does have a minimum wage for CEOs. Apparently Musk earned about $37k in 2015, which he didn't accept, and no cash bonus. Lots of other bonuses if he makes certain goals. Tesla’s Elon Musk is doing for executive compensation what he did for electric cars - MarketWatch
Gotta correct my comment above - that Walmart shoppers save enough to afford the model X. Yep - it seems they are not alone . . . it's Costco Shoppers too. If we spot one during our next Salvation Army drop off, I'm going to really be scratching my head. .
