Average Taxpayers Subsidize Executive Pay

August 25, 2008

Original publication: The Kansas City Star

Date of publication: August 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.

Read the full article in the Kansas City Star.