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.
Related posts:
- General Electric made $14.2 billion in profits last year, but paid no U.S. taxes
- The top 400 taxpayers of 1955 paid three times as much of their income in taxes than today’s top 400 do
- In the past 40 years, the gap between pay for corporate CEOs and the average worker has increased more than eight-fold
- Paul Ryan champions tax loopholes for companies and organizations who contribute to his campaigns
- Tea Partyers ignorant of realities concerning federal taxes
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