Monday May 28, 2012

JAPAN NEWS AND DISCUSSION

CEO pay exceeds taxes at 25 U.S. firms: study

World Sep. 01, 2011 - 05:19AM JST ( 6 )

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6 Comments

1

zurcroniumSep. 01, 2011 - 11:55AM JST

Its great to be a CEO for sure, not so great to be a US taxpayer who subsidizes the rich thanks to the republican reverse robin hood tax strategy. All these tax breaks for corporations yields zero jobs, all it does is make more money for the CEOs so they can buy their fifth home while many regular americans are in foreclosure.
-2

Lieberman2012Sep. 01, 2011 - 12:31PM JST

I stopped reading at "liberal-leaning think tank".
2

OracleSep. 01, 2011 - 01:38PM JST

The U.S might be better off not raising taxes on the rich, but rather just eliminating loop holes that only the rich use.
-1

BreitbartVictoriousSep. 01, 2011 - 01:54PM JST

I look forward to an expose of what the CEOs of taxpayer-funded NGOs and so-called charity orgs get. Charities never pay tax, yet many pay 6 figure salaries to their CEOs.

CEO of the New York Philharmonic made $2,649,540 last year.
0

Taka313Sep. 02, 2011 - 05:22AM JST

"Corporations are people my friend."

-Mitt Romney

Taka
1

TheQuestionSep. 02, 2011 - 08:55AM JST

It actually makes a lot of sense. GE and other companies on this list receive so many tax credits and deductions that they pay pennies on the dollar. I only mention GE because their production model for renewable is basically a tax shelter. For every dollar that is spent making wind turbines the government fronts 40 cents of it and then gives the company a tax credit and contracts to boot.

After the deductions the janitors at many of these companies likely make more than the company pays in taxes. If you're really that fed up with it remove the subsidies and the tax credits and let companies and products stand on their on merits in the market.

The U.S might be better off not raising taxes on the rich, but rather just eliminating loop holes that only the rich use.

I always feel the need to correct people on this matter. They are no loopholes in the tax code, only credits that modify the tax base. Credits exist to promote certain values put forth by congress such as charitable donations, paying medical bills, and owning a home. The companies listed above are merely using these credits to make otherwise unprofitable ventures (like alternative energy, organic food production, and pollution control) more palatable.

Pay me enough money and give me enough time and I could probably have you paying virtually nothing in taxes as well.