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Joined 1 year ago
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Cake day: July 17th, 2023

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  • In the 1960s, George Romney, Mitt’s father, regularly turned down his bonuses from his auto executive job, perhaps in part because his marginal tax rate would have been about 90 percent

    If this is true he’s a fucking idiot. 10% of $x is better than $0. More likely the reason was that the bonuses pushed him over some threshold so he lost some other benefit, making it a net loss, or he negotiated some alternative compensation mechanism that had reduced or deferrable tax liability.














  • failing to meet greenhouse gas emissions standards

    The rest are also terrible, but this is a big blow to companies trying to reduce their Scope 2 and 3 emissions. I wonder how many companies that rely on government contracts will have to just give up on their emissions reporting, and therefore also end up divested/boycotted by companies who do not rely on government contracts and are continuing their emissions reporting (including Scope 2/3)? This would split the economy into “government-reliant companies who are not trying to reduce emissions”, and “everyone else”, with neither side including the other in their supply chain.