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Some U.S. firms paid more to CEOs than taxes: study (Reuters)


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2011 Aug 31, 9:21pm   660 views  0 comments

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"At a time when lawmakers are facing tough choices in a quest to slash the national debt, the Institute for Policy Studies, a left-leaning group, said it also found many of the companies spent more on lobbying than they did on taxes."

This is hardly amazing, given that a number of corporations have a tax rate which is near zero, at zero or below zero (they get a refund).

See: Some U.S. firms paid more to CEOs than taxes: study

For all the screaming about tax "high marginal rates" the real issue is what companies actually pay to Uncle Sam. Effective tax rates are far lower.

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