A combination of the Trump corporate tax cut and rebates on past losses in the CARES act, as well as other existing rebates, are reducing taxes that many companies have to pay this year, in some cases all the way to a negative effective rate.
Increases in share prices have also pushed up CEO pay, since CEOs receive a lot of stock as part of their total comp.
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So, if I am reading this correctly:
A combination of the Trump corporate tax cut and rebates on past losses in the CARES act, as well as other existing rebates, are reducing taxes that many companies have to pay this year, in some cases all the way to a negative effective rate.
Increases in share prices have also pushed up CEO pay, since CEOs receive a lot of stock as part of their total comp.