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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) by Fauxlosopher on Wednesday April 15 2015, @05:57PM
Choices made as an individual that require the participation of another individual can only justly proceed if the other individual also consents to the conditions of my choice, that is true. Voluntary participation still appears to me to be vastly superior model than one that relies upon the use of violence to coerce cooperation.
Such a blanket proclaimation would likely be yet another obstacle to the creation of small businesses. I wish I had all the answers, but I don't. It does seem that "law" is not meant to be the hammer for every problem nail, though, as the Founders of the United States repeatedly stated that their new government was fit only for a "religious and moral" people. Regardless of your views of the morality of the Creator YHWH, it should be obvious to everyone that law cannot successfully force people to be moral.