Now I know why some of the super-rich aren't worried about the administration's plan to increase taxes on those with earned income greater than $250,000.
The following all receive annual salaries of $1.00. Their earned income as CEOs of their companies is one buck.
Apple (AAPL) CEO Steve Jobs
Citigroup (C) CEO Vikram Pandit
Google (GOOG) CEO Eric Schmidt
Yahoo (YHOO) CEO Jerry Yang
Oracle (ORCL) CEO Larry Ellison
Berkshire Hathaway (BRK.A) CEO Warren Buffett.
I wonder if pensions will be considered earned income. Some of the very richest also have nice pensions.
My rant for the day.
Update: the information was taken from another (reliable and trusted) site, but not fact-checked. I know the information is accurate for some, but might not be accurate for all names listed. See comments below, as folks "keep me honest."
