Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Negative Tax Rates For The Biggest Companies That YOU Pay For
Posted
December 27, 2014
Views
60,683
Likes
1,329
Comments
449
Engagement
2.93%
December 27, 2014
60,683
1,329
449
2.93%
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6:55Now Playing“Seven of the 30 largest U.S. corporations paid their CEOs more last year than they paid in federal income taxes, according to a new report.
The study found that those seven companies — Boeing Co, Ford Motor Co, Chevron Corp, Citigroup Inc, Verizon Communications Inc, JPMorgan Chase & Co and General Motors Co. — reported a tax rate of -2.5 percent despite claiming more than $74 billion in combined pre-tax profits.
They paid their chief executives an average of $17.3 million, according to the study by two Washington think tanks — the Institute for Policy Studies and the Center for Effective Government.
The number of American companies that pay their chief executives more than they pay Uncle Sam is growing, researchers found."* The Young Turks hosts Cenk Uygur and John Iadarola (TYT University) break it down.
*Read more here:
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