26 Corporations That Paid Their CEOs More Than Uncle Sam

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    26 Corporations That Paid Their CEOs More Than Uncle Sam

    The report also looks at how these companies pull it off. Here, for instance, are the top four executive-pay tax loopholes and their costs to taxpayers.

    The loophole: Unlimited tax deductability for executive pay
    How it works: Federal laws impose no meaningful limit on the amount of executive compensation corporations may deduct from their taxable income as an expense.
    Annual cost to the treasury: $9.7 billion

    The loophole: Unlimited deferred compensation
    How it works: CEOs may legally shield unlimited amounts of compensation from taxes through special deferred accounts set up by their employers.
    Cost to the treasury: $80.6 million

    The loophole: Preferential treatment for carried interest
    How it works: Investment advisors such as Mitt Romney get paid in stock or equity shares (what's known as "carried interest") instead of a cash salary. This allows them to pay taxes on their income at the 15 percent capital gains rate, instead of the 35 percent rate that applies to regular income.
    Annual cost to the treasury: $2.1 billion

    The loophole: Stock option accounting double standard
    How it works: Corporations don't take tax deductions for executive stock options (which allow execs to buy company stock at a preset price) until after the options are exercised. At that point, the options are often worth much more than at the time they were granted. The corporations may then deduct this difference in value from their taxes as "excess stock compensation."
    Annual cost to the treasury: $2.5 billion

    Taken together, these four corporate tax subsidies cost the federal government $14.4 billion a year. Which equates to $46 for every American, or enough money to hire 211,732 elementary school teachers.

    Anyway, here's the CEO graph, which we produced using the IPS's data. You can mouse over the bars to view detailed figures.

    http://www.motherjones.com/politics/2012/08/26-corporations-paid-ceo-more-than-uncle-sam

     
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  4. You have chosen to ignore posts from xXR3S1NXx. Show xXR3S1NXx's posts

    Re: 26 Corporations That Paid Their CEOs More Than Uncle Sam

    In Response to Re: 26 Corporations That Paid Their CEOs More Than Uncle Sam:
    [QUOTE]In Response to Re: 26 Corporations That Paid Their CEOs More Than Uncle Sam : You wear knee pads dont you kid ?  
    Posted by beKool[/QUOTE]

    You would know, your constantly on your knees shining barack's shoes.
     
  5. You have chosen to ignore posts from BetheKoolaid. Show BetheKoolaid's posts

    Re: 26 Corporations That Paid Their CEOs More Than Uncle Sam

    "Taken together, these four corporate tax subsidies cost the federal government $14.4 billion a year"

    Does Mother Jones , or bekool, understand the the difference between a "tax deduction" and a "subsidy"? Or just dont care?

    A subsidy is where the US Treasury takes tax dollars paid in by you and me, and hands it to a business.
     (Like for Solyndra)
    A tax deduction involves the amount of taxes owed to the Government

    If Mother Jones, and bekool, dont like the complex loophole-ridden IRS Code, perhaps they would support a simplified flat tax system...dont count on it, because they demagogue any tax reform by claiming it is all a "tax cut" for the wealthy...
     
  6. You have chosen to ignore posts from beKool. Show beKool's posts

    Re: 26 Corporations That Paid Their CEOs More Than Uncle Sam

    In Response to Re: 26 Corporations That Paid Their CEOs More Than Uncle Sam:
    [QUOTE]"Taken together, these four corporate tax subsidies cost the federal government $14.4 billion a year" Does Mother Jones , or bekool, understand the the difference between a "tax deduction" and a "subsidy"? Or just dont care? A subsidy is where the US Treasury takes tax dollars paid in by you and me, and hands it to a business.  (Like for Solyndra) A tax deduction involves the amount of taxes owed to the Government If Mother Jones, and bekool, dont like the complex loophole-ridden IRS Code, perhaps they would support a simplified flat tax system...dont count on it, because they demagogue any tax reform by claiming it is all a "tax cut" for the wealthy...
    Posted by BetheKoolaid[/QUOTE]

    Your wealthy owners wont go for a flat tax.
     
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  8. You have chosen to ignore posts from undead. Show undead's posts

    Re: 26 Corporations That Paid Their CEOs More Than Uncle Sam

    In Response to Re: 26 Corporations That Paid Their CEOs More Than Uncle Sam:
    [QUOTE]In Response to Re: 26 Corporations That Paid Their CEOs More Than Uncle Sam : Your wealthy owners wont go for a flat tax.
    Posted by beKool[/QUOTE]

     Neither will any politician that wants to stay in office.

     Oh, and since I'm here, I figured it worth mentioning that the ability to defer money into accounts from ones paycheck is not limited solely to upper management.
     In many companies, that option is available to the rank and file in the form of a 401K.
     Also, anyone, if they have enough to open such an account or have an existing one, can set up for money to be deferred into an IRA or other retirement account. Such money is not taxed until the time you take it out of the account, upon which it is taxed at the full rate of your current income at that time.

     The thing you're not getting is that the laws are there for anyone to use. It's just that only a few people out there really know how to use them, and you're not one of them.

     
  9. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: 26 Corporations That Paid Their CEOs More Than Uncle Sam

    Again, is this about taxation or control?

    Seems for bekool (stay on your knees) it is about control, not the money.  bekool resents success, doesn't want to strive for it, instead demanding that we all become entitlement crack babies like him.
     
  10. You have chosen to ignore posts from macnh1. Show macnh1's posts

    Re: 26 Corporations That Paid Their CEOs More Than Uncle Sam

    Jeffrey Immelt, CEO General Electric must be on that list....he works for Obama...surprised??  I'm not.

    Obama did NOTHING to reform tax law during the first two years of his Presidency when he had a SUPER majority in Congress.  Why don;t you blame HIM for doing nothing???????


     

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