Mining the Dead

This reminded me of the book, ‘Dead Souls’ by Nikolai Gogol.

Companies are taking out insurance policies on dying employees, writing off “the premiums and the interest on the loans to buy the policies as a business expense.”

But wait, there’s more:

“In addition, the investment returns and death benefits aren’t subject to federal income tax”

Do you know what your boss is insuring ?

I shudder to think of the next great financial bubble.

From:

http://www.chron.com/disp/story.mpl/front/6277546.html

Comments are closed.