Institute for Policy Studies: More for Them, Less for Us
ITEP Work in ActionCorporate tax dodging and executive pay packages have both gotten so far out of control that a significant number of major U.S. corporations are paying their top executives more than they’re paying Uncle Sam in federal income taxes.
The Institute for Policy Studies and Americans for Tax Fairness analyzed executive pay data for some of the country’s most notorious corporate tax dodgers over the period 2018-22 and found 64 of them paid more to their top five executives than they did in federal taxes in at least two out of those five years. For over half (35) of these corporations, their payouts to top corporate brass over that entire span exceeded their net tax payments.
The study’s corporations were drawn from the recent report on corporate tax dodging issued by the Institute on Taxation and Economic Policy. This study builds on years of analysis and advocacy on the issue of corporate tax dodging by ATF and by IPS on excessive executive pay.