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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.
(Score: 0) by Anonymous Coward on Wednesday April 15 2015, @06:31AM
Your attempted snide ad hominem doesn't change the fact that the "gas tax" doesn't actually work [google.com], in spite of your holding it forth as some sort of pristine example that justifies its imposition on people at gunpoint. The fine details of fedgov crime are unimportant compared to the fundamental ones, and I will not waste my time over the minutiae of how stolen resources are wasted as opposed to being vocal about the fundamental details that cover the fact that such stolen resources have been stolen in the first place.
Condemn away - it reminds me of a saying about "better to be despised by the despicable", which I suppose goes just as well for those who willingly support the despicable.
(Score: 0) by Anonymous Coward on Wednesday April 15 2015, @01:23PM
> Your attempted snide ad hominem doesn't change the fact that the "gas tax" doesn't actually work,
Lol. Now that's rich. I was the one who cited the fact that income tax pays for the roads because the gas tax is insufficient.
You were the snarky smartass who told me to look at the sticker on the gas pump because that's the way it is "supposed to be."
Now you are telling me that the way it is supposed to be doesn't actually work and that makes me the dummy.
> "better to be despised by the despicable",
Yes, stroke yourself to sleep now. Your righteous knowledge is a triumph!!!!