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Mon Aug 20, 2012, 07:25 AM

Mega Million CEOs: Our Tax Dollars at Work

http://www.nationofchange.org/mega-million-ceos-our-tax-dollars-work-1345386889

Boeing makes airplanes. But airplanes haven’t made Boeing CEO James McNerney phenomenally rich. Tax avoidance has.

In 2011, the Institute for Policy Studies reported last week, Boeing registered over $5 billion in pre-tax profits. Yet the company didn’t pay Uncle Sam a cent in corporate income tax. Boeing actually collected a tax refund — a “net tax benefit,” to use the technical accounting jargon — worth $650 million.

This sort of tax gamesmanship has been going on at Boeing for years. Over the past ten years, the aircraft giant has only paid income tax in two. The biggest individual beneficiary of this dancing around the tax code: Boeing chief exec McNerney. He took home $18.4 million in compensation last year.

In 2011, for the second consecutive year, Boeing paid McNerney more in personal compensation than the company paid in federal income taxes.

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Reply Mega Million CEOs: Our Tax Dollars at Work (Original post)
xchrom Aug 2012 OP
HughBeaumont Aug 2012 #1
TreasonousBastard Aug 2012 #2
xchrom Aug 2012 #3
Angry Dragon Aug 2012 #4
uponit7771 Aug 2012 #5

Response to xchrom (Original post)

Mon Aug 20, 2012, 07:43 AM

1. Aaaaand it goes on and on and no one does anything and no one cares.

So hey, let's cue the supposed "Democrats" on here who will just tell us "Perfectly legal and the law, brah. Fiduciary Duty, and all that. Don't like the law, get it changed." You know, because I or you or any of us can do that. The failure is in the corporate purchased government acting in the best interests of and failing to regulate the corporate purchasers while the corporate purchased media fluffs all the pigshit hyper-capitalists lovingly, which in turn leads to the corporate whipped oppressed loving (and wanting to be) their corporate oppressors.

Hollingsworth Hound . . . not a cartoon. A FACT.



Third Way Sensible Friedmanite defenders: "'oppressors' . . . Such draaamaaaaaa . . ."

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Response to xchrom (Original post)

Mon Aug 20, 2012, 08:33 AM

2. So the guy who runs the company that makes airplanes...

makes about 2 million a year less than David Letterman. And Letterman doesn't have a few hundred thousand employees working to make sure planes don't fall out of the sky.

I'm pissed about Boeing not paying taxes and still getting billions in gummint contracts, not about the guy who runs the company.

(Did you know Judge Judy makes $45 million a year? Where's the outrage there?)



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Response to TreasonousBastard (Reply #2)

Mon Aug 20, 2012, 08:43 AM

3. ...

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Response to TreasonousBastard (Reply #2)

Mon Aug 20, 2012, 08:53 AM

4. The President makes $400,000/year and is

responsible for the welfare of 312,000,000 people

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Response to TreasonousBastard (Reply #2)

Mon Aug 20, 2012, 09:00 AM

5. The CEO of Boeing is producing high ratings? TIA

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