[lbo-talk] Re: Tuff Lib'rul (progressive taxes)

Doug Henwood dhenwood at panix.com
Fri Jan 30 16:05:05 PST 2004


Michael Catolico wrote:


>exercised options received as compensation ARE income not capital.

But beyond a certain (modest) level, I'd say the cash represents a return on capital, not labor.

Doug



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