Originally posted by: tefleming
Originally posted by: DaveSimmons
If it's a small company, you could offer to invest a couple of years' salary for stock.
If it's a big company it might make more sense to make $12K gifts (= at the tax-free limit) to each of the people that made working there worthwhile.
Either way, no deduction for you. But what do you care if you're rich?
Yup. Your salary wasn't a gift, why should you return it (to the co) as a gift?
Gift it to the nice people or invest it with the company.
The employer, in this case, is the "nice people".
You people are too concerned with the "why", especially considering it is a hypothetical. Obviously, I know one could keep it or donate it. But the question is not "What are all the options?". The question involves a specific set of facts regarding the return of salary and the tax implications, if any.
Thanks for the responses, though.
MotionMan