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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

 
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  • (Score: 2) by wonkey_monkey on Wednesday April 15 2015, @09:18AM

    by wonkey_monkey (279) on Wednesday April 15 2015, @09:18AM (#170864) Homepage

    ... OR just choose to assert your authority as as a free individual and refuse to pay that which you do not owe, such as "tax" in almost all forms.

    You're free to try that. Just as you're free to try asserting your right to break any laws you don't happen to like.

    You may not be successful.

    --
    systemd is Roko's Basilisk
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  • (Score: 1) by Fauxlosopher on Wednesday April 15 2015, @06:28PM

    by Fauxlosopher (4804) on Wednesday April 15 2015, @06:28PM (#171113) Journal

    Agreed, I am able to choose to try to live as a free, self-owning individual. I may be accosted by criminals, and I will need to choose how to respond to such an assault against my person. I may not be successful in following through on my choices.

    That the criminals may be lone bandits, members of a large private criminal gang, or costumed members of a government that is exceeding its lawful authority is irrelevant in terms of principles.