Skip to content Skip to footer

As Economy Lags, New Study Reveals 25 Top Firms Pay More to CEOs Than in Taxes

See also: CEO Pay Exceeds Company Tax Bill at Major Corporations

Truthout is a vital news source and a living history of political struggle. If you think our work is valuable, support us with a donation of any size.

See also: CEO Pay Exceeds Company Tax Bill at Major Corporations

A new study reveals that 25 of the nation’s largest corporations paid more money to their CEOs last year than they did to the federal government in income taxes. Often using overseas tax havens, many of the corporations managed to make billions in profits but paid little to nothing in federal taxes. In many cases the companies received large tax rebates. The list includes some of the country’s best known companies, such as Ford, Coca-Cola, Verizon, General Electric and eBay. The same study found that the ratio of CEO pay to that of the average worker in the United States jumped to 325-to-1 last year. We speak to the study’s co-author, Chuck Collins, a senior scholar at the Institute for Policy Studies and director of its program on Inequality and the Common Good. “What these companies do is they use a variety of tax loopholes, corporate loopholes to gain down their taxes. These are what I would call the champions in the tax gymnastics department,” says Collins.

Urgent appeal for your support: 6 Days Left

With Trump’s fascist agenda driving the narrative, it’s the duty of independent media to disrupt corporate propaganda.

Yet, at such a pivotal moment, donations to Truthout have been declining. Why? Blatant political censorship from Big Tech.

As we face mounting repression, Truthout appeals for your support. Please donate during our fundraiser — we have 6 days left to raise $39,000.