CHART: Treasury Loses Billions Of Dollars Due To Tax Deductions For Executive Bonuses

CHART: Treasury Loses Billions Of Dollars Due To Tax Deductions For Executive Bonuses: According to a new report by Temple University accounting professor Steven Balsam, the federal government lost $30.4 billion between 2007 and 2010 thanks to corporations taking tax deductions for executive compensation, including nearly $17 billion for “performance based” bonuses. This revenue loss has occurred despite efforts to limit the tax deductibility of executive pay, as [...]/p