02-27-2021, 11:52 AM
(02-26-2021, 08:15 PM)TheLeonardLeap Wrote: He was (is?) paying himself $1m/yr bonus to be GM of the Bengals.
I never quite understood this. Maybe we have a resident CPA on the board could better explain it to me.
Couldn't he just not have jad a GM on the payrolls/books at all, and take that same 1 million from their companies profits? (Not sure if there's a different tax rate, or if the companies money has to be set aside or sat on)
In my head I just like to picture him wanting the title of GM, like he's patting himself on the back for a job well done, with the salary being exactly the same as the profit if the position was removed.