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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: 0) by Anonymous Coward on Wednesday April 15 2015, @05:56AM

    by Anonymous Coward on Wednesday April 15 2015, @05:56AM (#170786)

    Where exactly is it defined that your income taxes are not to be used for highway funds?
    Oh that's right, like every other loud-mouth pronouncing from on high in this thread you are actually just running your mouth.

  • (Score: 0) by Anonymous Coward on Wednesday April 15 2015, @06:36AM

    by Anonymous Coward on Wednesday April 15 2015, @06:36AM (#170801)

    Where exactly is it defined that your income taxes are not to be used for highway funds?

    You have the idea of government established with the rule of law completely backwards. Such government isn't allowed to anything its agents want so long as there is no prohibition on such activity - such government exists solely because of law, and as such, can only do that which law (law based on the delegated authority of the individual human) allows it to do.