- Joined
- Aug 30, 2011
- Messages
- 5,411
- Reaction score
- 2,228
- Location
- In a Blue State
- Gender
- Male
- Political Leaning
- Very Liberal
Citigroup, Abbott Laboratories, and AT&T are among the 26 companies that paid more to their CEOs in 2011 than they did in U.S. federal taxes, according to a study released on Thursday.
Tax breaks on research and development, past losses, and foreign-held earnings were among those lightening the tax load for many companies on the list, said the Institute for Policy Studies, a left-leaning think tank in Washington, D.C.
I know some people are going to make this an attack on the 1%, but I believe this highlights a huge problem with our tax code. Large Corporations are getting out of paying taxes or their fair share of taxes.
Companies paid CEOs more than they paid in taxes - CSMonitor.com