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Triana

(22,666 posts)
Sun Jan 4, 2015, 05:24 PM Jan 2015

Moyers: American Society’s Real Moochers: CEOs





Of America’s 100 top-paid CEOs, 29 worked schemes that enabled them to collect more in compensation than their corporations paid in income taxes. The average pay for these 29: $32 million. For one year. And corporations mangle tax the code to deduct that too.


Holiday bells are silent in the homes of America’s struggling working poor, even with gasoline prices at their lowest levels in years. These are people derided as moochers because their starvation wages force them to accept food stamps to feed their children.

On the other side of town, inside gated communities where guards demand photo ID even from Santa, CEOs’ Christmas plums are super-sugared with record-breaking corporate profits.

. . .

Of America’s 100 top-paid CEOs, 29 worked schemes that enabled them to collect more in compensation than their corporations paid in income taxes. The average pay for these 29: $32 million. For one year. And corporations mangle tax the code to deduct that too.

Though their corporations reported combined pre-tax profits of $24 billion, they wrangled $238 million in tax refunds out of the federal government. That’s refunds — the government gave money to highly profitable corporations.

That’s an effective tax rate of negative one percent.


THE REST:

http://billmoyers.com/2015/01/01/americas-real-moochers-ceos/
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Moyers: American Society’s Real Moochers: CEOs (Original Post) Triana Jan 2015 OP
Never have so many paid so much for so little. nt Buns_of_Fire Jan 2015 #1
Welfare for CEOs, $238 mill in tax refunds. Disgustingly disturbing. RiverLover Jan 2015 #2
I've been saying that for the last 10 years!! Initech Jan 2015 #3
"an effective tax rate of negative one percent" Enthusiast Jan 2015 #4
I'm sure gonna miss Bill Moyers.. mountain grammy Jan 2015 #5
Yes, but CEOs work so hard. tclambert Jan 2015 #6
FYI this was not written by Moyers. Indydem Jan 2015 #7
Another link: Triana Jan 2015 #10
tried to share the link on FB but was denied. WTF!? n/t wildbilln864 Jan 2015 #8
I had to add a comment before it would let me share it on FB. Triana Jan 2015 #9
thanks. but I wasnt given that option. wildbilln864 Jan 2015 #11
I remember when we used to tax CEOs. Octafish Jan 2015 #12
k and r niyad Jan 2015 #13

RiverLover

(7,830 posts)
2. Welfare for CEOs, $238 mill in tax refunds. Disgustingly disturbing.
Sun Jan 4, 2015, 05:57 PM
Jan 2015

They shouldn't be allowed to drive their Rolls Royces on roads paid for by actual taxpayers.

Everyone should know this...

Bill Moyers can't retire, and never die. Will someone tell him that?

Enthusiast

(50,983 posts)
4. "an effective tax rate of negative one percent"
Sun Jan 4, 2015, 06:46 PM
Jan 2015

At one time this nation had effectively progressive income taxes. At that time this was a great nation. A bit misguided perhaps but a great nation nonetheless. No longer.

tclambert

(11,080 posts)
6. Yes, but CEOs work so hard.
Sun Jan 4, 2015, 07:53 PM
Jan 2015

They go home every night soaked in sweat, their hands blistered and calloused, their feet bleeding, muscles aching, backs bent, faces filthy with grease and soot, but their consciences clear because their honest effort makes the world a better place.

Or am I thinking of coal miners? Maybe that's coal miners. CEOs are the ones whose minions drive them to work, fetch their coffee, drive them to the club for a long lunch, then take them to a private airport where the CEO and his family take the corporate G5 to a Caribbean island to visit their money, right? Yeah, but their consciences are clear because Ayn Rand told them it's all okay, and because psychopaths don't have much in the way of consciences. So, some similarity to coal miners.

 

Triana

(22,666 posts)
10. Another link:
Sun Jan 4, 2015, 08:18 PM
Jan 2015
http://inthesetimes.com/working/entry/17431/ceos_moochers

Leo Gerard is President of the United Steelworkers Union, which is part of the AFL-CIO: http://inthesetimes.com/community/profile/22360

True Moyers did not write it. It was republished on Moyer's website.
 

Triana

(22,666 posts)
9. I had to add a comment before it would let me share it on FB.
Sun Jan 4, 2015, 08:16 PM
Jan 2015

Rather ridiculous, but that worked.

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