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David G
01-04-2015, 01:11 PM
http://billmoyers.com/2015/01/01/americas-real-moochers-ceos/

The Institute for Policy Studies (http://www.foreffectivegov.org/) issued a report last month that details the mooching of the nation’s top corporations and CEOs. It’s called “Fleecing Uncle Sam.” (http://www.ips-dc.org/wp-content/uploads/2014/11/IPS_Fleecing_Uncle_Sam_Report_Nov2014.pdf) The findings are pretty galling.


Of America’s 100 top-paid CEOs, 29 worked schemes that enabled them to collect more in compensation than their corporations paid in income taxes. The average pay for these 29: $32 million. For one year. And corporations mangle tax the code to deduct that too.


Though their corporations reported combined pre-tax profits of $24 billion, they wrangled $238 million in tax refunds out of the federal government. That’s refunds — the government gave money to highly profitable corporations.
That’s an effective tax rate of negative one percent.


That means middle-class taxpayers helped cover the cost of million-dollar pay packages for CEOs. Middle class taxpayers, whose median family income is $51,324 (http://www.census.gov/prod/2013pubs/acsbr12-02.pdf) and whose federal income taxes are withdrawn directly from their checks before they see a cent of pay, support CEOs who pull down $32 million a year.


That qualifies CEOs as first-class fleecers!

oznabrag
01-04-2015, 01:14 PM
Last time we went there, I got banned for 6 months.

Jim Mahan
01-04-2015, 01:16 PM
You might think someone, maybe 330 million someone', could do something about that. Sooner rather than later.

oznabrag
01-04-2015, 01:18 PM
Last time we went there, I got banned for 6 months.


You might think someone, maybe 330 million someone', could do something about that. Sooner rather than later.

You'd think so, but it's up to Scot, and Scot alone! :d

David G
01-04-2015, 01:20 PM
:D:D:D

But will he? Prolly not... slacker! <G>

JimD
01-04-2015, 01:22 PM
We hire politicians that make laws to allow this and then reward them by either reelecting them or hiring clones that are no different.

hanleyclifford
01-04-2015, 01:31 PM
So when are you "liberals" going to get down to the nuts and bolts of a solution?

Old Dryfoot
01-04-2015, 01:32 PM
"Ottawa – January 8, 2014 – According to an annual review by the Canadian Centre for Policy Alternatives (CCPA), by noon on Jan. 2, the average top paid Canadian CEO will have been earned as much as the average full-time worker's yearly income."

It's the same story every year, only the numbers get larger on one side of the problem. Oh, and don't forget. . . the 1st is a holiday.

Tom Montgomery
01-04-2015, 01:38 PM
So when are you "liberals" going to get down to the nuts and bolts of a solution?
What would be the point?

Any Democratic legislation to fix the problem would be blocked by the GOP in congress. And the GOP law makers sure as hell are not going to attempt to fix the problem with their own legislation.

hanleyclifford
01-04-2015, 01:42 PM
What would be the point?

Any Democratic legislation to fix the problem would be blocked by the GOP in congress. And the GOP sure as hell are not going to attempt to fix the problem with their own legislation. I have always thought it more productive here in the Bilge to consider ourselves a shadow government rather than a pool of schmeowllers. Some day our team will get the power; let's think about that.