The union had a net loss of 22,000 members in 2008.
Hoffa and other IBT officers received a substantial raise in salary.
The IBT lost $47 million in assets during 2008. Spending exceeded income, there were losses in investments, and liabilities for officers’ pensions increased.
With unions raking in more than $10 billion per year in union dues, the International Brotherhood of Teamsters certainly collects it share of the wealth from workers' paychecks.
In 2008, according to public information on file with the U.S. Department of Labor the International Brotherhood of Teamsters collected more than $164 million in "per capita tax," as well as "fees, fines, assessments and work permits" at its international headquarters in Washington, DC, while spending a whopping $182,541,056. This, of course, does not include the money taken in by local unions.
In addition, you can check out the Teamsters for a Democratic Union's (TDU) listing of top Teamster bosses raking in $150,000 or more in annualy compensation. Known as the $150,000 Club, the TDU has been compiling this report for years.
SO, WHERE DID ALL THE TEAMSTERS MONEY GO?
MONEYS COLLECTED IN 2008 BY THE INTERNATIONAL BROTHERHOOD OF TEAMSTERS
MONEYS SPENT IN 2008 BY THE INTERNATIONAL BROTHERHOOD OF TEAMSTERS
CASH RECEIPTS
SCH
AMOUNT
36. Dues and Agency Fees
$0
37. Per Capita Tax
$160,172,140
38. Fees, Fines, Assessments, Work Permits
$4,244,359
39. Sale of Supplies
$880,667
40. Interest
$2,139,436
41. Dividends
$1,806,838
42. Rents
$0
43. Sale of Investments and Fixed Assets
3
$0
44. Loans Obtained
9
$0
45. Repayments of Loans Made
2
$466,869
46. On Behalf of Affiliates for Transmittal to Them
$0
47. From Members for Disbursement on Their Behalf
$0
48. Other Receipts
14
$10,247,537
49. TOTAL RECEIPTS
$179,957,846
Source: 2008 Financial Disclosure Reports Filed by the International Brotherhood of Teamsters
CASH DISBURSEMENTS
SCH
AMOUNT
50. Representational Activities
15
$61,834,148
51. Political Activities and Lobbying
16
$12,899,768
52. Contributions, Gifts, and Grants
17
$3,805,863
53. General Overhead
18
$23,298,586
54. Union Administration
19
$20,375,340
55. Benefits
20
$28,279,331
56. Per Capita Tax
$5,085,678
57. Strike Benefits
$2,222,386
58. Fees, Fines, Assessments, etc.
$52,362
59. Supplies for Resale
$745,033
60. Purchase of Investments and Fixed Assets
4
$8,652,741
61. Loans Made
2
$223,472
62. Repayment of Loans Obtained
9
$721,286
63. To Affiliates of Funds Collected on Their Behalf
$9,810,566
64. On Behalf of Individual Members
$0
65. Direct Taxes
$4,584,086
66. Subtotal
$182,590,646
67. Withholding Taxes and Payroll Deductions
67a. Total Withheld
$15,894,145
67b. Less Total Disbursed
$15,844,555
67c. Total Withheld But Not Disbursed
$49,590
68. TOTAL DISBURSEMENTS
$182,541,056
SOME OTHER ITEMS OF INTEREST:
In 2007, the Teamsters spent...
Over $2.1 million spent on hotels and resorts
Over $2 million spent on airfare
Over $2.5 million spent on Independent Review Board (IRB)-related expenses [To read more about the Independent Review Board, go here]
Over $1 million to Bally's Las Vegas for convention and conference expenses
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