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Friday, September 21, 2012

Surprising Facts About Corporate Taxation

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"The Rich Get Even Richer: Halfway To Entrenched Plutocracy"
http://paxonbothhouses.blogspot.com/2012/03/rich-get-even-richer-halfway-to.html

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Some CEOs are paid more than their companies pay in taxes

Read THIS and weep, you wage slaves who foolishly vote for politicians who are owned by the plutocrats:
Twenty-five of the 100 highest paid U.S. CEOs earned more last year than their companies paid in federal income tax, a pay study said on Wednesday.
It also found many of the companies spent more on lobbying than they did on taxes…
Two-thirds of the firms studied kept their taxes low by utilizing offshore subsidiaries in tax havens such as Bermuda, Singapore and Luxembourg. The remaining companies benefited from accelerated depreciation.
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