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Highest-Paid CEOs Often Earn More Than Company Pays In Income Taxes

Highest-Paid CEOs Often Earn More Than Company Pays In Income Taxes, Study Finds
First Posted: 8/31/11 07:58 AM ET Updated: 8/31/11 12:25 PM ET

WASHINGTON – Twenty-five of the 100 highest paid U.S. CEOs earned more last year than their companies paid in federal income tax, a pay study said on Wednesday.

It also found many of the companies spent more on lobbying than they did on taxes.

At a time when lawmakers are facing tough choices in a quest to slash the national debt, the report from the Institute for Policy Studies (IPS), a left-leaning Washington think tank, quickly hit a nerve.

http://www.huffingtonpost.com/2011/08/31/ceo-taxes-company-income-study_n_943063.
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