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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: 1, Insightful) by Anonymous Coward on Wednesday April 15 2015, @09:56AM
You had it right up to the point where you (falsely) attribute corporatist cronyism exclusively to the Right. In practice, fascism only works as well as it does in America when all political parties, or preferably a single party, are instruments of the regime. The American Left is just as corrupt as the Right, hence the term Republicrats. Are you ready for Jebary in 2016?