The post you are reporting:
Barry, many share company executives take bonuses from their company, so they end up with more money than their original basic top salary BEFORE it is taxed.
Example: top salary = £300,000 a year. Pay 50% tax, remainder = £150,000 a year.
Add £1 million bonus. Pay 50% tax on bonus, remainder = £500,000 a year.
Total annual net income: £150,000 + £500,000 = £800,000.
That's £650,000 a year more than their original net income of £150,000.
And £500,000 more than their original top salary of £300,000 BEFORE it was taxed.
One colossal rip off!
