Companies paid top executives more than they paid in US taxes – report
Companies paid top executives more than they paid in US taxes – report
Compensation for senior bosses at firms from Tesla to T-Mobile US worth more than those companies’ net tax payments, study finds
![Companies paid top executives more than they paid in US taxes – report](https://lemmy.zip/pictrs/image/60829de3-cf46-41a0-a98b-1bc2e74e5f8b.webp?format=webp&thumbnail=256)
Compensation for senior bosses at firms from Tesla to T-Mobile US worth more than those companies’ net tax payments, study finds
Archived version: https://archive.ph/DYWEI
Super depressing fact:
CEO wages are tax deductible.
It shouldn't be, but good luck convincing republicans and neoliberals that.
68 0 ReplyIn fairness, all wages are a business expense, and in theory, personal income taxes should catch this.
The problem is that we don't tax the rich enough, and as a result our tax code encourages cash hoarding.
34 0 ReplyBusinesses have to match the taxes that employees pay. If i make $50,000 a year and owe $10,000 in taxes, my employer also owes $10,000 too. So if my company is paying taxes on my wages, why are the CEO's wages tax deductible?
9 0 Reply
Many large corps paid $0 in taxes, so by default they'd be paying pretty much anyone more than they paid in taxes
13 0 ReplyGood article. Apparently many CEOs were paid millions of dollars, which is much more than the zero taxes many American companies pay.
7 0 Reply