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CEOs’ retirement stashes seen flourishing under Trump tax cuts

CEOs are poised to collect an additional retirement windfall if Donald Trump succeeds in cutting the taxes of the highest U.S. earners, so says a new study.

By Carol Hymowitz, Alicia Ritcey, Bloomberg | Updated on December 16, 2016
CEOs are poised to collect an additional retirement windfall if Donald Trump succeeds in cutting the taxes of the highest U.S. earners, so says a new study. (Photo: iStock)

Chief executive officers are poised to collect an additional retirement windfall if President-elect Donald Trump succeeds in cutting the taxes of the highest U.S. 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 percent, 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 Thursday.

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