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
36. Dues and Agency Fees
37. Per Capita Tax
38. Fees, Fines, Assessments, Work Permits
39. Sale of Supplies
43. Sale of Investments and Fixed Assets
44. Loans Obtained
45. Repayments of Loans Made
46. On Behalf of Affiliates for Transmittal to Them
47. From Members for Disbursement on Their Behalf
48. Other Receipts
49. TOTAL RECEIPTS
Source: 2008 Financial Disclosure Reports Filed by the International Brotherhood of Teamsters
50. Representational Activities
51. Political Activities and Lobbying
52. Contributions, Gifts, and Grants
53. General Overhead
54. Union Administration
56. Per Capita Tax
57. Strike Benefits
58. Fees, Fines, Assessments, etc.
59. Supplies for Resale
60. Purchase of Investments and Fixed Assets
61. Loans Made
62. Repayment of Loans Obtained
63. To Affiliates of Funds Collected on Their Behalf
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