In 2007, chief executives of the 500 biggest companies in the United States made an average of $12.8 million apiece. That put their daily salary of $51,200 ahead of the typical workers’ annual salary, which was $42,650.
The number of workers covered by employer-provided pensions fell from 2000 to 2006--despite rising during the 1990s--leaving fewer than half of all workers with pension coverage.
Two-thirds of American corporations and foreign corporations doing business in the United States pay absolutely no federal income taxes—despite taking in $2.5 trillion in sales.
In 2005, 28 percent of large foreign companies doing business in the United States (those with more than $250 million in assets or $50 million in sales) paid no taxes.
Tax collections as a share of GDP are a good indicator of a country's tax rate; in the last seven years, the U.S. has collected an average of 2.4 percent of its GDP in corporate taxes—less than the average 3.4 percent collected by other industrialized nations. If laws remain the same, U.S. corporate taxes will be only 1.9 percent of GDP in less than ten years.
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