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posted by CoolHand on Tuesday April 14 2015, @11:11PM   Printer-friendly
from the wish-we-were-in-the-one-percent dept.

Due to completely messed up U.S. tax policies, some even got a rebate check. Only small businesses pay taxes. Big companies often pay nothing at all.

Look at a new report from Citizens for Tax Justice ( http://ctj.org/ctjreports/2015/04/fifteen_of_many_reasons_why_we_need_corporate_tax_reform.php#.VSbihhPF8QY ), a Washington, D.C. group. It finds that some of nation's most famous brands have paid remarkably little to the government over the last five years. In fact, many actually enjoyed a negative tax rate: They received a nice rebate check from the U.S. Treasury.

The 15 giants highlighted by CTJ were chosen to represent a wide range of industries among Fortune 500 companies. They include CBS, Mattel, Prudential, and the California utility PG&E. Together, they paid no federal income tax in 2014, despite profits totaling $23 billion. CTJ's point is that these companies are not anomalies, they are examples.

http://www.fastcoexist.com/3044873/15-companies-that-paid-zero-income-tax-last-year-despite-23-billion-in-profits

 
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  • (Score: 1) by Fauxlosopher on Wednesday April 15 2015, @03:11AM

    by Fauxlosopher (4804) on Wednesday April 15 2015, @03:11AM (#170720) Journal

    I again note that the problems you rightly observe appear to originate in government, rather than as unaddressed problems for government to solve.

    Individuals are free to negotiate their own contracts. As a small-fry IT-centric individual working in the corporate world when IP-assignment clauses were all the rage, I personally struck out every clause that claimed that my employer would own any idea/software/product I happened to come up with and replaced it with plain English clause that said much the same but only if said idea/software/product was worked on during paid business hours or using employer equipment. As it happens, I never was turned down employment due to such re-negotiations. I acknowledge some people will be, most likely. Well, that's the hazard of seeking employment with someone else: your only real recourse is to say "no" and go elsewhere. Once you start trying to use "law" to force others to bend to your will, you'll find you're standing in the evil gun-pointing shoes of government.

    If a business makes a scummy-sounding employment agreement with competitors, that's probably a good sign that a principled individual really shouldn't be working for such businesses anyway.

  • (Score: 2) by kaszz on Wednesday April 15 2015, @03:27AM

    by kaszz (4211) on Wednesday April 15 2015, @03:27AM (#170724) Journal

    The problem is proving that you came up with the idea/software/product outside employee hours and without employer equipment. And the lengths they will go is proportional to the estimated profit.

    You will not find out about no-poaching agreements as a normal person.

    • (Score: 1) by Fauxlosopher on Wednesday April 15 2015, @03:42AM

      by Fauxlosopher (4804) on Wednesday April 15 2015, @03:42AM (#170733) Journal

      The problem is proving that you came up with the idea/software/product outside employee hours and without employer equipment

      True, a fight in civil court can be more trouble than it's worth. However, there still (in theory) needs to be a preponderance of evidence to support a claim that employer's resources were used. (The reverse isn't directly true, as you cannot "prove a negative".)

      I did find out about no-poaching agreements between Google, Yahoo, et al, and I'm a "normal person". ;) Your point is noted, though, and I will state that I am not a fan of corporations in their current form, as they are effectively the private half of the exploitative mercantilist form of government (a more accurate description of the US fedgov than the more common "capitalist").

      My primary point remains, however, in that there are choices available to any given individual. They may not all be the choices the individual wants, but they are available and the number of choices is largely limited only by human creativity.

      • (Score: 2) by kaszz on Wednesday April 15 2015, @10:09AM

        by kaszz (4211) on Wednesday April 15 2015, @10:09AM (#170874) Journal

        Perhaps you should specify that any lawsuit has to be payed by the employer? such that they can't bet against your private economy.

        Choices are also limited by human bargaining leverage. If your skills is in demand you can pretty much say take it or leave it. Otherwise you may have to suck up the conditions that the employer offers. Guess why Facebook, Google and others are so obsessed with coding as a subject in school.. *whistle*

        • (Score: 1) by Fauxlosopher on Wednesday April 15 2015, @05:57PM

          by Fauxlosopher (4804) on Wednesday April 15 2015, @05:57PM (#171087) Journal

          Choices are also limited by human bargaining leverage

          Choices made as an individual that require the participation of another individual can only justly proceed if the other individual also consents to the conditions of my choice, that is true. Voluntary participation still appears to me to be vastly superior model than one that relies upon the use of violence to coerce cooperation.

          Perhaps you should specify that any lawsuit has to be payed by the employer? such that they can't bet against your private economy.

          Such a blanket proclaimation would likely be yet another obstacle to the creation of small businesses. I wish I had all the answers, but I don't. It does seem that "law" is not meant to be the hammer for every problem nail, though, as the Founders of the United States repeatedly stated that their new government was fit only for a "religious and moral" people. Regardless of your views of the morality of the Creator YHWH, it should be obvious to everyone that law cannot successfully force people to be moral.