Wednesday, February 07, 2007
Today's Daily Record features an article entitled "Bill Would Tax Md. Firms On ‘Excessive’ Exec Pay" (subscription) on Senate Bill 395. The bill would require a corporation to pay income taxes on compensation that exceeds 30 times the annual salary of the company’s lowest paid worker. The debate over legislative involvement in curbing excessive compensation has swirled at the national level for some time. As far as I know, though, this is the first time such a bill has been introduced in Maryland.