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View Diary: Two dozen Fortune 500 companies paid no corporate income taxes in 2011 (56 comments)

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  •  OK but what I would like to know (2+ / 0-)
    Recommended by:
    Amber6541, starfu

    I agree with you that if the company is losing money or not making profit, I wouldn't expect them to pay corporate income tax.

    But I would like to know how the executives were compensated, particularly if they were getting bonuses and whether the expenses of the company (that decreased the profits) included paying lobbyists, making ads for political purposes or contributing to PACs.

    It is a pretty obvious strategy to decrease taxes by decreasing profits by creating these sorts of expenses. Shareholders might not like it but the company executives are laughing all the way to the bank.

    •  Oh they made out like bandits (1+ / 0-)
      Recommended by:
      Thursday Next

      HUGE sacks of money, but not Wall Street money.  Our CEO made something like $10m last year with $1.5m being salary.

      Of course one year they pulled in something like 8% of our profits.

      Exec pay is out of control and always will be absent regulation.

      We get what we want - or what we fail to refuse. - Muhammad Yunus

      by nightsweat on Wed Apr 11, 2012 at 11:30:48 AM PDT

      [ Parent ]

      •  Well, that is my point (0+ / 0-)

        The company shouldn't be getting tax subsidies if it can pay the CEO an $8.5million bonus. The CEO shouldn't be getting a bonus if the company is not profitable.

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