Average Taxpayers Subsidize Executive Pay
Tax and accounting loopholes allow top executives and businesses to
avoid paying about $20 billion a year in taxes, according to a report
released today. The Kansas City Star.
Posted inOriginal publication: The Kansas City Star
Date of publication: 08/25/2008
Tax and accounting loopholes allow top executives and businesses to avoid paying about $20 billion a year in taxes, according to a report released today.
The Institute for Policy Studies and United for a Fair Economy each year peg an "Executive Excess" report to Labor Day, zeroing in on an aspect of CEO compensation and corporate profits, both of which have grown far faster than average worker pay.
The 15th annual report, "Executive Excess 2008: How Average Taxpayers Subsidize Runaway Pay," criticizes five tax loopholes that Congress has looked at but not plugged.