26 CEOs Who Made More Than Their Companies Paid In Federal Tax

“A liberal-leaning think tank, the Institute for Policy Studies, yesterday released a 45-page studyblasting the corporate tax code. The study describes how tax policy subsidizes exorbitant CEO pay at 26 big U.S. companies, includingAT&T, Boeing and Citigroup, which paid their bosses more than they paid in federal income tax last year.

“Our nation’s tax code has become a powerful enabler of bloated CEO pay,” the study says.  It describes how deductions and credits allow companies to give bosses huge pay packages in order to cut tax bills, at a time when the government is running enormous deficits. That’s a controversial conclusion, but before I get into why, here are the 26 CEOs who made more than their companies paid in taxes last year. They took home average compensation worth $20.4 million, while their companies paid little or no federal tax on big profits, says the study.”

Full List