August 31, 2011

where the money goes . . . and goes . . .

A report from the Institute for Policy Studies (IPS) finds that for some U.S. firms it costs more to pay their CEOs and their Lobbying firms than to pay their U.S. taxes.
In putting together its study, IPS chose to compare CEO pay to current U.S. taxes paid, excluding foreign and state and local taxes that may have been paid, as well as deferred taxes which can often be far larger than current taxes paid.

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