OTCQB:UEXCF - Post by User
Post by
NewCoreFishon Jan 13, 2022 6:36pm
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Post# 34314959
How taxes work
How taxes workHighest tax rate in canada is applied when you make over $221k a year = 33% Capital Gaines tax you can think of it like this either half of your taxable rate so the individuals in the highest tax bracket would be 16.5% on the full taxable gain or 33% on half the value of the gain. These execs like to take compensation in the for of a taxable gain because they pay less tax. These execs & BOD at UEX are making out like bandits. I hear some people say these were put in place when the stock was very low however for them to sign a blank cheque out into the next 5 years for the same options is absolutely stacking the deck in their favor!!