Tax
TOPIC:
Tools » Institutions » National » USA » Basic Structure » Budget » Tax
Category
articles
Date
2013-12-03
Actor
Berman, Jillian
Source
Huffington Post
Uploaded date
2013-12-10
Uploaded by
Suzanne Plesner
Link
Subsidizing CEO's Million Dollar Salaries
"Fast-food giants save money by paying their typical workers very little, but they also save money by paying their CEOs millions, thanks to a quirk of the tax code. In both cases, American taxpayers cover the cost. McDonald’s saved $14 million in taxes over the past two years using a loophole that lets companies deduct the costs of performance-based executive pay. McDonald’s isn’t alone: Over the past two years, the six largest fast-food companies have used the loophole to save an estimated $64 million in taxes." (Quoted from article)
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