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General News    H4'ed 8/20/12  

Executive Excess 2012: The CEO Hands in Uncle Sam's Pocket - How Our Tax $$ Subsidize CEOs Pay

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Amanda Lang
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How our tax dollars subsidize exorbitant executive pay - Among our findings:
à � ? � Of last yearà � ? �� ? s 100 highest-paid U.S. corporate chief executives, 26 took home more in CEO pay than their companies paid in federal income taxes, up from the 25 we noted in last yearà � ? �� ? s analysis. Seven firms made the list in both 2011 and 2010. à � ? � The CEOs of these 26 firms received $20.4 million in average total compensation last year. That's a 23 percent increase over the average for last yearà � ? �� ? s list of 2010's tax dodging executives à � ? � The four most direct tax subsidies for excessive executive pay cost taxpayers an estimated $14.4 billion per yearà � ? �� ? �$46 for every American man, woman, and child or could cover the annual cost of hiring 211,732 elementary-school teachers or creating 241,593 clean-energy jobs.
à � ? � CEOs have benefited enormously from the Bush tax cuts for upper-income taxpayers...
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OpedNews volunteer from 2005 to 2013.

Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.

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