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Trump tax cut to magnify CEOs' retirement bonanza

Top rate at 33% would save Fortune 500 leaders $180 million

Carol Hymowitz & Alicia Ritcey 

Chief executive officers are poised to collect an additional retirement windfall if President-elect Donald Trump succeeds in cutting the taxes of the highest US earners, according to a new study.

The CEOs of Fortune 500 companies, who had accumulated almost $3 billion in tax-deferred accounts at the end of 2015, will owe the Internal Revenue Service about $990 million if the top federal tax rate is reduced to 33 per cent, or $180 million less than they’d currently pay, the Institute for Policy Studies, a liberal think tank in Washington, said in a study released ...

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First Published: Sat, December 17 2016. 00:08 IST
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