Executives Paid Billions While Companies Avoid Taxes

Top executives at 35 major US companies were paid $9.49 billion from 2018-2022, more than those companies' total federal tax payments of -$1.72 billion.

Advocacy groups called on Congress to increase the corporate tax rate from 21% to 28% to generate $1.3 trillion in revenue over 10 years.

Tesla executives were paid $2.5 billion while the company had -$1 million in federal taxes over 5 years by carrying forward previous losses.

T-Mobile executives were paid $675 million while the company had -$80 million in federal taxes over 5 years using deductions and writing off expenses.

The report highlights how executives are rewarded for aggressive tax avoidance while working families and small businesses are left to pick up the tab.