Comrade_Stalin
1st September 2011, 05:46
While this is no shock to an one here the amount that they spend is.
This is from RT
A report released today from the Institute for Policy Studies (IPS) reveals
that a quarter of the highest-paid CEOs in America actually made more in 2010 than their companies paid in federal income tax. In some cases, reveals Washington DC-based IPS, those same companies even spent more on lobbying than they did on taxes, putting more money into furthering their personal causes than giving back to the crumbling infrastructure that kept them afloat during the troubling times as of late.
The CEO of eBay, for example, raked in $12.4 million last year alone, yet
the Internet auction house actually received a refund of over $130 million from the US government. Jim McNerney of Boeing was paid nearly $14 million, whilst the aerospace company only paid $13 million in taxes. On K Street, lobbyists at Boeing contributed over $20 million to causes that concern them
General Electric and Verizon were also among the companies that spent more on lobbying than taxes in 2010. Ivan Seidenberg, CEO of telecom giant Verizon, actually received a refund check from the US government for over $700 million, all while citing profits close to $12 billion. Mr. Seidenberg himself made $18 million last year.
Reps from both Boeing and Verizon responded to The New York Times that they expect to pay deferred taxes at some point in the future. For the time being, the report from IPS suggests that the top CEOs in America make around 325 more than the average worker.
http://rt.com/usa/news/corporations-ceos-lobbying-taxes-551/
This is from RT
A report released today from the Institute for Policy Studies (IPS) reveals
that a quarter of the highest-paid CEOs in America actually made more in 2010 than their companies paid in federal income tax. In some cases, reveals Washington DC-based IPS, those same companies even spent more on lobbying than they did on taxes, putting more money into furthering their personal causes than giving back to the crumbling infrastructure that kept them afloat during the troubling times as of late.
The CEO of eBay, for example, raked in $12.4 million last year alone, yet
the Internet auction house actually received a refund of over $130 million from the US government. Jim McNerney of Boeing was paid nearly $14 million, whilst the aerospace company only paid $13 million in taxes. On K Street, lobbyists at Boeing contributed over $20 million to causes that concern them
General Electric and Verizon were also among the companies that spent more on lobbying than taxes in 2010. Ivan Seidenberg, CEO of telecom giant Verizon, actually received a refund check from the US government for over $700 million, all while citing profits close to $12 billion. Mr. Seidenberg himself made $18 million last year.
Reps from both Boeing and Verizon responded to The New York Times that they expect to pay deferred taxes at some point in the future. For the time being, the report from IPS suggests that the top CEOs in America make around 325 more than the average worker.
http://rt.com/usa/news/corporations-ceos-lobbying-taxes-551/