Stories
Slash Boxes
Comments

SoylentNews is people

15 Companies That Paid Zero Income Tax Last Year (Despite $23 Billion In Profits).

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

AnonTechie writes:

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

 
This discussion has been archived. No new comments can be posted.
15 Companies That Paid Zero Income Tax Last Year (Despite $23 Billion In Profits). | Log In/Create an Account | Top | 126 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 1, Insightful) by Anonymous Coward on Wednesday April 15 2015, @03:35AM

    by Anonymous Coward on Wednesday April 15 2015, @03:35AM (#170728)

    you'll need to state plainly whether or not you believe it is acceptable to force a human to pay for something that the human in question does not want to buy

    Those people obviously want the benefits provided by living in society, otherwise they would not live and participate in society, so the question is moot. If they do not want the benefits of society, they are free to leave at any time, and I actively encourage all the parasitic fucks who think they are entitled to mooch off everyone else to get the fuck out.

    Starting Score:    0  points
    Moderation   +1  
       Insightful=1, Total=1
    Extra 'Insightful' Modifier   0  
    Total Score:   1  

  • (Score: 1) by Fauxlosopher on Wednesday April 15 2015, @03:58AM

    by Fauxlosopher (4804) on Wednesday April 15 2015, @03:58AM (#170739) Journal

    Those people obviously want the benefits provided by living in slavery, otherwise they would not live and participate in slavery, so the question is moot. If they do not want the benefits of slavery, they are free to leave at any time

    It may surprise you to learn that I agree with you. I have left the plantation. I pay only for services I choose to use, and I do not pay for services I do not want (in general, and I continue to take steps to be able to stop funding any service that relies upon force aka slavery to operate). That I still physically live within the borders of the United States may anger you, but as I am well within my authority to behave as I am as a self-owning human being, the situation is one that you'll just have to learn how to deal with in a manner within your own authority.

    • (Score: 0) by Anonymous Coward on Wednesday April 15 2015, @05:58AM

      by Anonymous Coward on Wednesday April 15 2015, @05:58AM (#170788)

      Which is why you are able to post on the internet without taking advantage of that government enforced bondage known as right of way.
      oh...

      • (Score: 0) by Anonymous Coward on Wednesday April 15 2015, @07:16PM

        by Anonymous Coward on Wednesday April 15 2015, @07:16PM (#171150)

        Which is why you are able to post on the internet without taking advantage of that government enforced bondage known as right of way.
        oh...

        ... and I do not pay for services I do not want (in general, and I continue to take steps to be able to stop funding any service that relies upon force aka slavery to operate).