Friday, November 30, 2012
When President Obama needed a business executive to come to his campaign defense, Jim Sinegal was there. The Costco COST +1.89% co-founder, director and former CEO even made a prime-time speech at the Democratic Party convention in Charlotte. So what a surprise this week to see that Mr. Sinegal and the rest of the Costco board voted to give themselves a special dividend to avoid Mr. Obama's looming tax increase. Is this what the President means by "tax fairness"?
Taxes are for the little people. --TS