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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, @05:37PM

    by Anonymous Coward on Wednesday April 15 2015, @05:37PM (#171072)

    Except for, you know, those powers specifically granted to the US Federal Government by the Constitution. Like taxation (Article I, Section 8).

    ...and also official sanction of slavery via the 3/5ths recognition clause. Oh, I'm sorry - were you under the impression that I hold the Constitution out as an example of perfection? I do not, as the Constitution is obviously flawed as you yourself pointed out.

    Slavery cannot be justly imposed by the authority of an individual, regardless of whether the chosen vector is skin coloration, economic capacity, or any other manner that claims to exert ownership of one human by another.