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why US businesses need a tax cut

By: weco in FFFT | Recommend this post (1)
Sat, 18 Aug 12 9:23 PM | 81 view(s)
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Msg. 45100 of 65535
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Study: Companies paid more to CEOs than in US tax

NEW YORK (AP) - Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank.

CEO James McNerney Jr. of Boeing. It said he got $18.4 million in pay last year while his company received a tax refund of $605 million.

Citigroup for paying CEO Vikram Pandit $14.9 million while the bank received a net $144 million in tax benefits.

http://apnews.excite.com/article/20120816/DA0MGKP80.html

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