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Dozens of major U.S. companies shelled out more money to top executives than they paid in federal taxes: Report
- FirstEnergy spokesperson confirms compliance with tax laws, paying hundreds of millions in state, local, and payroll taxes annually.
- Analysis by Institute for Policy Studies and Americans for Tax Fairness reveals 64 U.S. companies paid more to top executives than in U.S. taxes, with firms averaging a 2.8% federal tax rate.
- Study advocates for Congress to increase corporate tax rate to 28%, generating $1.3 trillion in new revenue in the next decade.
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16 Articles
16 Articles
The corporate plundering of America: Major companies spend more on executive pay than on federal taxes
A new report published March 13 documents two interconnected processes: A steep decline in federal tax payments by top US corporations and an explosive rise in executive compensation.
·United States
Read Full ArticleREPORT: Corporations That Pay Their Executives More Than Uncle Sam
INTRODUCTION Corporate tax dodging and executive pay packages have both gotten so far out of control that a significant number of major U.S. corporations are paying their top executives more than they’re paying Uncle Sam in federal income taxes. The Institute for Policy Studies and Americans for Tax Fairness analyzed executive pay data for some [...]
Coverage Details
Total News Sources16
Leaning Left10Leaning Right1Center4Last UpdatedBias Distribution66% Left
Bias Distribution
- 66% of the sources lean Left
66% Left
L 66%
C 27%
Factuality
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