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

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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

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The Death of the Middle Class was by Design...

Even in the face of the so-called Recovery, poverty and inequality are getting worse in our country, and more wealth and power is flowing straight to the top. According to Paul Buchheit over at Alternet, this is the end result of winner-take-all capitalism, and this destruction of the working class has all been by design.

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