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Wednesday August 31, 2011

CEOs Making More Than Their Companies Pay In Taxes

Here's a list of 25 companies that have CEOs making more than they pay in income tax.

Although Verizon paid less in income taxes than its average customer paid in phone bills, the company broke no laws. America's corporations spend hundreds of millions of dollars a year on lobbying, and they get a good return on their investments. They get tax loopholes and plenty of them. Last year, Verizon shelled out $16.8 million to lobby federal lawmakers and another $18.7 million on contributions into the campaign accounts of their favorite federal politicians.

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