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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: 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.