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25 CEOs of the richest American corporations earned more than their firms paid in taxes

Twenty five CEOs of the richest American corporations got paid more last year than their entire firms coughed up to Uncle Sam, a bombshell new report says.

"These CEOs are reaping awesomely lavish rewards for the tax-dodging they have their corporations do," concluded the report from the liberal Institute for Policy Studies.

The companies, which include familiar corporate giants Boeing, Ford, eBay, General Electric, Verizon and Prudential, made an average of $1.9 billion in global profits each in 2010.

Tax shelters and clever accounting - 18 of the 25 have su


Added: Sep-5-2011 Occurred On: Sep-5-2011
By: RupertFranklyn
In:
Politics
Tags: economy, obama, bush, republican, democrat, teaparty, fail, tax
Views: 1178 | Comments: 8 | Votes: 3 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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  • Reaganomics. Take from the poor and give to the rich.

    Posted Sep-5-2011 By 

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  • When one works there balls constantly and makes alot of money they are an asshole basically is what this piece is saying?

    To hell with all you, habitual 1st of the month check collecting losers!

    GIVE ME MORE GIVE ME MORE typical democrap lib thinking.

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  • Hmmm...let's see...just to make it easy, let's say that 2 billion average profit for 25 companies = 50 billion in profits. Like most misinformed lefties, I think profits are evil...so what if we taxed these capitalist bastards at 100% of their profits?

    With a projected annual budget deficit for 2012 at a whopping 1.1 TRILLION dollars...the argument in this article is just completely NULL and VOID.

    Even if we taxed their profits at a 100%, it'd be like peeing in the ocean. This article is ju More..

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    • @suffy12 Corporate tax rate in the US is the highest in the world at 35%. Any wonder why they structure their companies to be located in places with tax rates at 15%? If they lowered the tax rate to 20% just to get close and changed residency requirements, their tax revenues would actually double, but the congressmen just can't seem to figure out to give up a little would mean to get more in return. They don't pay these CEO's big bucks to do stupid things like pay 35% of profits to a wasteful More..

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  • There is no video with this report because no American media will report including Fox.

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  • God bless America.Land of the free,I thought you loved capitalism.

    Posted Sep-5-2011 By 

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  • Comment of user 'bardog' has been deleted by author (after account deletion)!