Can Anyone Tackle Our Tax-Dodging CEOs?

[marmar]

from Too Much: A Commentary on Excess and Inequality:



Can Anyone Tackle Our Tax-Dodging CEOs?
September 3, 2011

A new report from the Institute for Policy Studies documents how America’s top corporate execs are stiffing Uncle Sam — and lavishly lining their own pockets in the process.

By Sam Pizzigati


Sarah Anderson, a veteran analyst at the Institute for Policy Studies in Washington, D.C., has been the lead author of the Institute’s annual executive pay report ever since 1993.

On CEO pay, Anderson sighs, “I sometimes think I’ve seen everything.”

And then came the research for this year’s report — released last Wednesday — and the results floored even Anderson.

Last year, the Institute for Policy Studies researchers discovered, CEOs at 25 of America’s largest corporations — powerhouses that range from Boeing and Verizon to Prudential and G.E. — took home more in personal compensation than the companies they run paid Uncle Sam in federal corporate income tax. ............(more)

The complete piece is at: http://toomuchonline.org/can-anyone-tackle-our-tax-dodging-ceos/

[aquart]

1. Find out who their brokers are.

The one I worked for (so very long ago) routinely hid money for clients, family, and friends. Squeeze the brokers.

[Vincardog]

2. Change the IRS rules on Deductibility of Executive pay. IE Executive pay is can only reduce earning

up to the amount that the CO paid in taxes last year. We also need a Corporate AMT.
IF your sales are $1M or more and you taxes are not at least $150,000 your tax is $150,000.