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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: 2) by aristarchus on Wednesday April 15 2015, @07:03AM

    by aristarchus (2645) on Wednesday April 15 2015, @07:03AM (#170809) Journal

    Wow! I can actually see this! Fauxlosopher, right there at Quizno's. paying for a blowjob sandwich, and here comes the fed, with full auto and incinderary backup, saying, pay up your five percent sales tax, you slacker! And Faux, because he is the real deal and in no way faux, says: "I prefer not to. " (Bartleby the Scrivner, for those of you still stuck on the Hugo illteracy awards). And of course all hell breaks loose, because Faux is always packing and at the end, the 12.5 cents falls out of his hand, covered in blood. His dying words: "Sick temperature tyrannosaurus!" And, of course, "Moron Labia!" Another freeloader bites the dust. We could call him a thug, be evidently that is reserved for people with actual claims of injustice. Semper Fi, Faux! Remember, Freedom isn't free, you have to pay, so really it is not freedom at all,

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  • (Score: 2) by tangomargarine on Wednesday April 15 2015, @06:20PM

    by tangomargarine (667) on Wednesday April 15 2015, @06:20PM (#171106)

    Freedom costs a buck oh five.

    --
    "Is that really true?" "I just spent the last hour telling you to think for yourself! Didn't you hear anything I said?"