Study: Dozens of Major Companies Paid Execs Billions More Than They Paid in Taxes Over 5 Years

• Dozens of major U.S. companies paid executives more than they paid in federal taxes from 2018-2022, per a new analysis • 64 companies paid execs more than federal taxes in at least 2 of those 5 years; 35 companies did so all 5 years
• Those 35 companies paid execs $9.5 billion over 5 years but had negative $1.8 billion in federal income taxes • Biden has proposed raising the corporate tax rate to 28% from the 21% rate set under Trump in 2017 • The issue of how to tax corporations and wealthy individuals will play a big role in the 2024 presidential election