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Study exposing big CEO earnings frustrates lawmakers

Twenty-five percent of the top-paid U.S. executives earned more than their companies paid in taxes

According to a recent pay study, one-quarter of the country’s 100 highest-paid CEOs earned more money last year than their companies paid in federal income tax.

The report, generated by the Institute for Policy Studies (IPS), found that 25 CEOs out of a group comprising the 100 top-paid U.S. CEOs earned an average of $16.7 million a year. Each of their annual earnings surpassed the amount of taxes their companies paid in 2010.

Ashley Post

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