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The new robber barons: how taxpayers subsidise CEOs' multimillion salaries | Pratap Chatterjee

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At www.guardian.co.uk

Dozens of US CEOs have cashed in on this major tax incentive at an estimated cost to US taxpayers of $9.7bn last year. Statistics provided by National Priorities Project suggest that the same amount of money could have paid for 142,625 elementary school teachers, or healthcare for 4.96 million low-income children. In 1980, the average US CEO was paid 42 times as much as the average worker when tax rates for the richest stood at 70%. Today, that ratio has widened to 380 times.

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At www.guardian.co.uk


 

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