Wednesday, August 31, 2011

Corporations pay more in lobbying than taxes

A new report from the Institute for Policy Studies shows that of 2010's 100 highest paid corporate chief executives in the US, twenty-five took home more in CEO pay than their company paid in federal income taxes for 2010. All in all the 25 CEO's averaged 16.7 million dollars in salary, well above last year's 10.8 million. And when tax time did come, most of the companies actually came out ahead, collecting tax refunds from the IRS that averaged $304 million. Ana Kasparian co-host of The Young Turks discusses.

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