Thursday, May 2, 2013

'Deficit Hawk' CEOs Pocket Hundreds of Millions with Tax Loopholes | Common Dreams

'Deficit Hawk' CEOs Pocket Hundreds of Millions with Tax Loopholes | Common Dreams
"The study, Fix The Debt CEOs Enjoy Taxpayer Subsidized Pay—by the Institute for Policy Studies and the Campaign for America's Future—reveals that thanks to a tax loophole which allows corporations to deduct unlimited amounts off their income taxes for the expense of executive stock options and other so-called “performance-based” pay, Fix the Debt member firms have raked in over a billion dollars of taxpayer-funded bonuses."