18:04:50RoyalFoolMicrosoft Chairman Bill Gates will rake in almost $100 million per year in potentially tax-free income from the company's newly instated stock dividend program.
18:04:50RoyalFoolMicrosoft announced Thursday that it plans to issue its first-ever annual dividend to shareholders on March 7. The payout will be 16 cents for each share on record as of Feb. 21.
18:04:50RoyalFoolBased on Microsoft's latest proxy statement, filed Sept. 19, 2002, with the Securities and Exchange Commission, Gates has about 621 million shares, or 11.6 percent of the company. That would give him a dividend bonanza of $99.48 million.
18:04:50RoyalFool
18:04:52RoyalFoolCEO Steve Ballmer, with some 235 million shares, would get $37.68 million per year.
18:04:55RoyalFoolPresident Bush recently revealed details of an economic stimulus plan that includes a proposal to eliminate personal taxes on stock dividends. If passed by Congress, the provision would save Gates some $38.4 million in taxes, based on the current top income tax rate of 38.6 percent. Ballmer would save $14.54 million.
18:05:10Psychosisjá einmitt
18:05:42RoyalFool99-komma-fucking-48 milljónir dollara á ári......
18:06:04Psychosisshit
18:06:37Psychosisgengur uppað Bill Gates og segir: "Make me your monkey boy"