
12-07-2013, 01:53 PM
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Dee Tee Stables
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Join Date: May 2006
Location: The Natural State
Posts: 29,943
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and the best part....
'According to several groups, low- and minimum-wage workers are growing faster than any other group of earners.'
more college loan debt than ever. that extra education is paying off in spades.
http://peoplesworld.org/fast-food-gi...il-in-mctaxes/
http://billmoyers.com/2013/12/03/fas...es-on-ceo-pay/
Under the current tax code, corporations can deduct unlimited amounts of such “performance pay” from their federal income taxes. In other words, the more corporations pay their CEO, the lower their tax burden. Novak’s $94 million payout, for example, lowered YUM’s IRS bill by $33 million. Guess who makes up the difference?
Combined, these firms’ CEOs pocketed more than $183 million in fully deductible “performance pay” in 2011 and 2012, lowering their companies’ IRS bills by an estimated $64 million. To put that figure in perspective, it would be enough to cover the average cost of food stamps for 40,000 American families for a year. My new Institute for Policy Studies report calculates the cost to taxpayers of this “performance pay” loophole at all of the top six publicly held fast food chains — McDonald’s, Yum, Wendy’s, Burger King, Domino’s and Dunkin’ Brands
how absurd!
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