A very progressive tax on corporations that pay their executives extremely high salaries that are far in excess of the average compensation of American workers.This tax will decrease the wealth disparity between executives and workers AND raise government revenue.
Tax Calculation
Annual Executive salary/Median annual US wage= SR
SR less than 40: no tax due
SR 40-80: $1,000,000
SR 80-160: $3,000,000
SR 160-320: 412,000,000
SR reater than 320: $60,000,000
Example: CEO of XYZ Corp has total compensation of 8 million dollars. His SR is 266 (based on median annual US wage of $30,000). XYZ Corp owes tax of 12 million dollars. This calculation is performed for EVERY highly compensated individual at XYZ Corp and the tax is paid by XYZ Corp (not the individuals).