Study: Tax code slashes tax for hugel...

Study: Tax code slashes tax for hugely profitable companies

There are 23 comments on the www.usatoday.com story from Aug 16, 2012, titled Study: Tax code slashes tax for hugely profitable companies. In it, www.usatoday.com reports that:

Citigroup, Abbott Laboratories, and AT&T are among the 26 companies that paid more to their CEOs in 2011 than they did in U.S. federal taxes, according to a study released on Thursday.

Tax breaks on research and development, past losses, and foreign-held earnings were among those lightening the tax load for many companies on the list, said the Institute for Policy Studies, a left-leaning think tank in Washington, D.C. Citi, Abbott and AT&T all took issue with the institute's methodology. All three said they paid all taxes owed in 2011.

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“your life is great”

Since: Aug 09

you poop in clean water

#22 Aug 18, 2012
GoodNewz wrote:
<quoted text>
i was responding to your comment that if a company pays its CEO more than the tax it pays, then it can afford to pay more in tax. a whole lot of people can pay more tax, but does that mean they SHOULD? this whole issue is about loopholes in the tax code. something that this administration has not even touched, even when it had both house and senate. crying about rich CEOs helps turn attention away from the abysmal economy and abysmal record of this president. it's da rich man's fault. he gwine put you peeps in chains. how low can you grovel???
strawman.
DimentoGraven

Euless, TX

#23 Aug 19, 2012
Well here's the thing that comes to my mind... As a stock holder in some of these companies, how the F can the executives justify such high pay for these bozos?

After a few stock holder meetings, I'd rather pay the janitors more than the board of nepotistic, good ol' boy, hand washers.

That money they over pay the execs comes out of the company gross income, and too often these idiotic companies lay off workers, raise pay to execs, and shaft the stock holder with lousy performance.

Quite frankly, extremely few are worth the money they're paid, or their golden parachutes they're granted after they F up so bad that even their country club friends, fraternity brothers, and rich relatives can't save them... Why should we pay ANY executive 100,000 times the salary of their lowest paid employee?
xnutmegger

Phoenix, AZ

#24 Aug 19, 2012
DimentoGraven wrote:
Well here's the thing that comes to my mind... As a stock holder in some of these companies, how the F can the executives justify such high pay for these bozos?
After a few stock holder meetings, I'd rather pay the janitors more than the board of nepotistic, good ol' boy, hand washers.
That money they over pay the execs comes out of the company gross income, and too often these idiotic companies lay off workers, raise pay to execs, and shaft the stock holder with lousy performance.
Quite frankly, extremely few are worth the money they're paid, or their golden parachutes they're granted after they F up so bad that even their country club friends, fraternity brothers, and rich relatives can't save them... Why should we pay ANY executive 100,000 times the salary of their lowest paid employee?
I'm a conservative and I agree with you.

The board of directors of the S&P 500 cos. should be judged A-F as a cost of being in the S&P 500.

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