Center for Political Awareness

These Companies Pay Their Executives More Than They Pay in Taxes

Tesla, Ford, Netflix and T-Mobile are among scores of U.S. firms that pay their top execs more than they pay the IRS. (Click image for article.)

Photo: Elon Musk, CEO of Tesla and X, speaks to reporters as he leaves the “AI Insight Forum” at the Russell Senate Office Building on Capitol Hill, on September 13, 2023, in Washington, D.C.NATHAN HOWARD / GETTY IMAGES

 

In his State of the Union address, President Biden called out “massive executive pay” and vowed to “make big corporations and the very wealthy finally pay their share” of taxes.

Corporate tax dodging and CEO pay have gotten so out of control that many major U.S. companies are paying their top executives more than they’re paying Uncle Sam.

Tesla is perhaps the most dramatic example. Over the period 2018-2022, the electric car maker raked in $4.4 billion in profits but paid no federal income taxes. Meanwhile, Tesla CEO Elon Musk became one of the world’s richest men.

Click here for full article.

Leave a Reply

2.5" Vinyl Sticker

with each Donation

Enjoying what your are reading. Please donate to help with our operating expenses. Thank you!

Enjoying what your are reading. Please donate to help with our operating expenses. Thank you!

Find your US Representative: Click Here