Read time: 1 minute

New Study: Companies Lavish CEO Pay To Avoid Paying Taxes

This study is an attack on the tax code, and especially on how companies lavish obscene pay packages on executives so they can cut their tax bills - instead of paying their share of taxes: NEW YORK (AP) -- Twenty-six big U.S. companies paid

[oldembed src="https://www.youtube.com/embed/nR1K3HfiVPo" width="425" height="319" resize="1" fid="21"]

This study is an attack on the tax code, and especially on how companies lavish obscene pay packages on executives so they can cut their tax bills - instead of paying their share of taxes:

NEW YORK (AP) -- Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank.

The study, by the Institute for Policy Studies, said the companies, including AT&T, Boeing and Citigroup, paid their CEOs an average of $20.4 million last year while paying little or no federal tax on ample profits, according to regulatory filings.

Some companies cited in the study said it was misleading. They also said they took advantage of tax deductions and credits designed to free up money for companies to spend in ways that stimulate the economy.

It seems to me it would be simple enough for them to tell us how many Americans they hired last year. We're waiting....

Can you help us out?

For 17 years we have been exposing Washington lies and untangling media deceit, but now Facebook is drowning us in an ocean of right wing lies. Please give a one-time or recurring donation, or buy a year's subscription for an ad-free experience. Thank you.

More C&L Coverage

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team