When will the gravy train stop?
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Anonymous
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https://www.linkedin.com/posts/carney-sandoe-%26-associates_cais-schoolleadership-headofschool-activity-7407089526004752385-O4EJ?utm_source=share&utm_medium=member_android&rcm=ACoAADwHVoIBKYxh7FUeMGAf8Hg3DTGtQkVFANY
The private school world is now hosting workshops on how to use nonprofit funds to siphon millions to yourself while avoiding IRS scrutiny. |
Anonymous
| Why does every freaking industry have to have loopholes for blatant corruption. |
Anonymous
I clicked the link. I read about the workshop. I find it weird and dishonest that you would characterize it as some sort of criminal master planning session. It's the opposite. The workshop is to help boards ands heads understand the tax laws. Everyone- you included- has a patriotic and moral duty to avoid IRS scrutiny. So, you might not like that HOS's are very well compensated, but they are because it's a super complex, never-ending CEO position. Describing compensation for heads as a "siphoning" is obnoxious. |
Anonymous
| Can we address college football coaches first? Those salaries are also from "nonprofit funds." |
Anonymous
+1 ! I read what's on there as well and came here to say the same thing! |
Anonymous
While I wouldn't argue that one has a patriotic and moral duty to avoid IRS scrutiny, it certainly isn't unpatriotic as Learned Hand wrote. “Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one's taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.” ― Learned Hand |
Anonymous
| A public school superintendent manages MUCH MUCH more resources than any private head of school and they are paid much less than these clowns. You forgot to mention they're having a workshop about avoiding IRS scrutiny for excessive compensation not some generic tax issue |
Anonymous
Calling someone dishonest while completely ignoring the intent of this event is dishonest in itself. |
Anonymous
I resent your characterization of my comment and if you are the OP, yes, you mischaracterized the intent of the event too. Regardless, let me take another stab at it for you : The intent of the event is not remotely criminal. It’s the opposite. The intent is absolutely to help boards and heads understand the laws and vehicles available to them to design competitive compensation packages within the bounds of the tax code. The same tax code that we are all subject to. |
Anonymous
And there you go again, missing the point completely. The best way to avoid IRS scrutiny is to know the law and stay within the bounds of the law. And if you are scrutinized/audited, to be able to prove your innocence. Everybody has the right to minimize their taxes within the bounds of the tax code. Including you. Including highly compensated CEOs and heads of school. Newsflash: your superintendent is trying to minimize their taxes also. |
Anonymous
Maybe MCPS should try offering competitive compensation. Lowballing has led to a string of disastrous superintendents. |
Anonymous
You call it excessive compensation. But in the heads of school marketplace, it’s called the going rate. That’s life. |
Anonymous
| Let me guess, you’re the poster who always starts threads about how overpaid your HOS is and should be paid less? Just look at private schools 990 and choose one where your feel comfortable with senior leaders compensation. There’s a wide variation if you look beyond a few schools. |
Anonymous
It's a grift and always has been. Normalizing using nonprofits to pay yourself a ridiculous salary is unethical. |