Tax plans released from both House and Senate aim to add excise tax on seven-figure salaries of CEOs, staff Highly-paid CEOs and executive staff could get a lot more expensive for associations and nonprofits if new taxes outlined in the proposed Tax Cuts and Jobs Act become law. Tax packages released by the U.S. House of Representatives and Senate both include a new 20 percent excise tax on compensation paid in excess of $1 million. If passed, CEOs with a $1.5 million salary would cost the group an additional $100,000 in tax in 2018. CEO Update, which tracks salaries at national-level associations and cause-focused nonprofits like AARP and the National Rifle Association,… Read More