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Corporate deferred compensation plans for highly compensated employees are a planning tool that companies and key executives should explore.

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from the Guardian

An oligarchy has broken our democracy. It must be dislodged

Pro forma elections have camouflaged the true state of our political system. Will that change this year? Greed is the prerogative of American elites. Consider that in 1992, Secretary of Defense Dick Cheney privatized much of our military’s logistics. A decade later, Halliburton, a company he headed from 1995 to 2000, received $39.5bn in logistics contracts to support operations in Iraq, while Cheney, elected to the vice presidency, was receiving deferred compensation from his old firm.

Forensic accounting is essentially accounting used in a legal setting. When going through a divorce, couples can expect a division of all marital assets and debts. This includes obvious assets, such as homes, cars, bank accounts, and credit cards. For high asset couples, this property may include stock options, restricted stock, deferred compensation, businesses, [ ] The post Towson High Asset Divorce Lawyers: Forensic Accountants appeared first

from ESPN.com

IRS to auction money Mets owe Strawberry

Next month, the Internal Revenue Service is auctioning off the remaining annuity from the deferred compensation Darryl Strawberry agreed to when he signed a six-year contract with the Mets almost 30 years ago.

Over the last four years, Republicans have voted eleven times to protect: *Tax breaks for corporations that ship American jobs overseas *Off-shore tax havens for corporations and the wealthiest Americans *Tax loopholes for CEOs deferred compensation paid by off-shore companies, foreign tax haven corporations dodging U.S. taxes, and Americans who renounce their citizenshipThese tax breaks cost American taxpayers over $60 billion