Uncle Sam Needs Some Better Nephews

[marmar]

from Too Much: A Commentary on Excess and Inequality:


Uncle Sam Needs Some Better Nephews
NOVEMBER 22, 2014

The kingpins of Congress have spent years carving tax loopholes that help America’s CEOs fleece the federal treasury. Now these kingpins are pushing a corporate tax ‘reform’ that ignores the loopholes.

By Sam Pizzigati


Average Americans have a choice at tax time. They can pay their taxes or risk going to jail for tax evasion.

America’s corporate CEOs have a different set of tax-time choices. These CEOs can have the corporations they run pay Uncle Sam or they can have their corporations pay more to their CEOs.

Guess which way lots of CEOs are leaning. Better yet, read Fleecing Uncle Sam, the just-released report from the Institute for Policy Studies and Center for Effective Government that tallies up the choices top CEOs are actually making.

This new Fleecing Uncle Sam study looks at the 100 U.S. corporations that last year shelled out the most in CEO pay. Of these 100 companies, 29 paid Uncle Sam less in taxes than they paid their CEO in compensation. ..............(more)

The complete piece is at: http://toomuchonline.org/uncle-sam-needs-better-nephews/#sthash.7dPdY3vL.dpuf

[Faux pas]

1. Kickin'