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This study is an attack on the tax code, and especially on how companies lavish obscene pay packages on executives so they can cut their tax bills - instead of paying their share of taxes:
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.
The study, by the Institute for Policy Studies, said the companies, including AT&T, Boeing and Citigroup, paid their CEOs an average of $20.4 million last year while paying little or no federal tax on ample profits, according to regulatory filings.
Some companies cited in the study said it was misleading. They also said they took advantage of tax deductions and credits designed to free up money for companies to spend in ways that stimulate the economy.
It seems to me it would be simple enough for them to tell us how many Americans they hired last year. We're waiting....
