Apple 2012 Proxy Statement for investors - Corsa Sport - for Vauxhall and Opel Corsa B, Corsa C and Corsa D

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Russ

Member

Registered: 14th Mar 04
Location: Armchair
User status: Offline

9th Jan 12 at 22:59

Steve Jobs was paid $1 salary in 2011,2010,2009...
Tim cook was paid $900,000 in 2011, $800,000 in 2010 with a $5m bonus
He also received $377m of shares in 2011 to top up the $52m of shared he got in 2010

Dom

Member

Registered: 13th Sep 03
User status: Offline

9th Jan 12 at 23:06

Steve Jobs with his publicity stunt of a salary

He would have received far more than Cook anyways.

[Edited on 09-01-2012 by Dom]

Russ

Member

Registered: 14th Mar 04
Location: Armchair
User status: Offline

9th Jan 12 at 23:09

probably had his wages paid to his publicity company exploiting a massive tax loophole some how

Hammer

Member

Registered: 11th Feb 04
User status: Offline

9th Jan 12 at 23:10

Would have been wasted on him anyway

Russ

Member

Registered: 14th Mar 04
Location: Armchair
User status: Offline

9th Jan 12 at 23:13

he had synagogues to feed

Ian

Site Administrator

Registered: 28th Aug 99
Location: Liverpool
User status: Offline

9th Jan 12 at 23:25

quote:
Originally posted by Russ
Steve Jobs was paid $1 salary in 2011,2010,2009...

If I had a few mil in the bank, I would probably avoid paying more tax as well.

Member

Registered: 10th Sep 03
User status: Offline

9th Jan 12 at 23:34

Think he had a $1 salary for absolutely ages too. Made his cash with Pixar and gained a lot of assets in the form of shares with Apple.

Ian

Site Administrator

Registered: 28th Aug 99
Location: Liverpool
User status: Offline

9th Jan 12 at 23:36

Also company car, probably somewhere to eat, what is a salary for? Buying a new phone?

John

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Registered: 30th Jun 03
User status: Offline

9th Jan 12 at 23:40

He liked Porsche and only ate grass, didn't have any furniture, didn't need anymore money.

Member

Registered: 10th Sep 03
User status: Offline

10th Jan 12 at 09:44

You probably get to a certain point, after your first billion perhaps, where you're just doing your job for a laugh.

Sam

Moderator
Premium Member

Registered: 24th Dec 99
Location: West Midlands
User status: Offline

10th Jan 12 at 13:05

Nothing really wrong with how Jobs paid himself - I do the same, £589/month salary and the rest as dividends.

Why pay more tax than you need to?

I suspect that he probably kept a lot of his money invested in the company anyway rather than taking it out as salary/dividends.

The man started off living in a big house with no furniture and just sat on the floor FFS

Member

Registered: 10th Sep 03
User status: Offline

10th Jan 12 at 13:10

Earning stock is quite a good way of keeping you committed to the company too I guess. In their industry a slip could end up costing them big!

Sam

Moderator
Premium Member

Registered: 24th Dec 99
Location: West Midlands
User status: Offline

10th Jan 12 at 13:13

quote:
Originally posted by ed
Earning stock is quite a good way of keeping you committed to the company too I guess. In their industry a slip could end up costing them big!

Yes, I bet Xerox were kicking themselves when they let him in the building if that BBC 2 documentary I saw the other week was anything to go by

Dom

Member

Registered: 13th Sep 03
User status: Offline

10th Jan 12 at 13:13

quote:
Originally posted by Sam
Nothing really wrong with how Jobs paid himself - I do the same, £589/month salary and the rest as dividends.

Why pay more tax than you need to?

Don't you pay 10% (on £35k and below) on dividends?

Sam

Moderator
Premium Member

Registered: 24th Dec 99
Location: West Midlands
User status: Offline

10th Jan 12 at 13:20

You (well I) don't get taxed on dividends under £31.5k.

Company would have to pay some tax though (corporation tax) but it's not a lot.

Edit - technically it depends how you get paid - i.e just salary/ salary + dividends, or just dividends.

My accountant explained this all to me once but it went over my head TBH

I could always ask him in an email and copy + paste what he says

[Edited on 10-01-2012 by Sam]

[Edited on 10-01-2012 by Sam]

Sam

Moderator
Premium Member

Registered: 24th Dec 99
Location: West Midlands
User status: Offline

10th Jan 12 at 13:26

Just found this:

http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/TaxOnSavingsAndInvestments/DG_4016453

"If you pay tax at or below the basic rate

You have no tax to pay on your dividend income because the tax liability is 10 per cent - the same amount as the tax credit"

Technically I don't pay any income tax so I've no dividend tax up to the £31k...

VrsTurbo

Premium Member

Registered: 8th Jun 10
User status: Offline

10th Jan 12 at 13:37

you should pay a little tax and ni just be safe. i pay myself around 600ish a month then the rest in divs. have to start paying proper tax on my divs now

Sam

Moderator
Premium Member

Registered: 24th Dec 99
Location: West Midlands
User status: Offline

10th Jan 12 at 14:53

http://www.cheapaccounting.co.uk/newsletter4.php

Edit - pasted better link

[Edited on 10-01-2012 by Sam]

VrsTurbo

Premium Member

Registered: 8th Jun 10
User status: Offline

10th Jan 12 at 14:55

oppps forgot im on a different tax code due to last year fuel allowence difference!

Robbo

Member

Registered: 6th Aug 02
Location: London
User status: Offline

10th Jan 12 at 15:13

quote:
Originally posted by Sam
Nothing really wrong with how Jobs paid himself - I do the same, £589/month salary and the rest as dividends.

Why pay more tax than you need to?

£7,068 a year... how convenient Sammy

Also, dont be saying you should save tax, youll have the uk uncut sympathisers along in a minute

Robbo

Member

Registered: 6th Aug 02
Location: London
User status: Offline

10th Jan 12 at 15:14

quote:
Originally posted by Sam
You (well I) don't get taxed on dividends under £31.5k.

Company would have to pay some tax though (corporation tax) but it's not a lot.

Edit - technically it depends how you get paid - i.e just salary/ salary + dividends, or just dividends.

My accountant explained this all to me once but it went over my head TBH

I could always ask him in an email and copy + paste what he says

[Edited on 10-01-2012 by Sam]

[Edited on 10-01-2012 by Sam]

YOU still pay 10% on dividends, but its a tax credit and you dont even see it

edit to say the £31k you allude to + the salary you have takes you to the c.£38k upper earnign limit at which point you start paying higher rate tax and thus, in your case, the dividend tax crediot goes up to 32.5% (may be an oput of date rate) of which effectively you only pay 22.5%

[Edited on 10-01-2012 by Robbo]

Robbo

Member

Registered: 6th Aug 02
Location: London
User status: Offline

10th Jan 12 at 15:15

quote:
Originally posted by VrsTurbo
you should pay a little tax and ni just be safe. i pay myself around 600ish a month then the rest in divs. have to start paying proper tax on my divs now

if his accoutnant was sensible enough to set him up in this way then he will also have him paying class 3 (voluntary) NICs... isnt that right sam?

Robbo

Member

Registered: 6th Aug 02
Location: London
User status: Offline

10th Jan 12 at 15:16

ahh i miss working in tax