Revealed: The 26 'kingpin' corporations that paid their CEOs more than they paid in taxes...for most the public paid THEM refund

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We've seen this story in previous years, so this is no surprise ... same s___, different year. The fact that some of these corporations actually received a refund makes it worse, though. This is more evidence that the loopholes in the tax code that allow this kind of behavior by corporations must be closed. That includes loopholes and lax regulations that allow multi-national corporations to move income and expenses and assets around the world among different branches and subsidiaries to minimize their net tax liability.

http://www.dailymail.co.uk/news/article-2189264/Institute-Policy-Studies-26-companies-paid-CEO-paid-taxes.html

http://www.latimes.com/business/la-fi-ceo-pay-taxes-20120816,0,7442298.story

http://www.classwarfareexists.com/26-u-s-corporations-last-year-gave-their-ceo-more-than-they-paid-in-taxes-to-uncle-sam/#axzz23oobSBwO

miksilvr
Joined:
Jul. 7, 2011 11:13 am

Comments

More on this topic, including a link for the full CEO Hands in Uncle Sam's Pocket study :

CEOs Earn More Than Their Firms Pay in Taxes

http://www.prwatch.org/news/2012/08/11713/ceos-earn-more-their-firms-pay-taxes

miksilvr
Joined:
Jul. 7, 2011 11:13 am

The Perennial GOP Tax Scam

There's something about taxes that elected Republicans know, but most Americans are completely unaware of. It's the reason we keep falling for the perennial GOP tax scam, and Paul Ryan, Mitch McConnell, and their buddies in the White House are getting ready to run this ruse on American working people all over again.

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