Stories
Slash Boxes
Comments

SoylentNews is people

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

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 1) by Fauxlosopher on Wednesday April 15 2015, @07:02PM

    by Fauxlosopher (4804) on Wednesday April 15 2015, @07:02PM (#171137) Journal

    To think you can change all of that influence just by printing some flyers and getting out voters? Yeah and pull this leg it plays jingle bells!

    Hairyfeet, I directly responded with explicit examples to your complaint about my post not providing any examples of choices. None of my examples dealt with addressing criminality in US government by voting at the polls. The author of the post you responded to does not appear to support change via voting at the polls, either, as he(?) refers to the game being rigged and a desire to find a way to "overturn the card table".

    If you're trying to come up with a solution that involves controlling other people, congratulations, your search is over: get yourself elected as a member of lawless US government. If you do not desire to control other people, the only approach left is to try to take control over your own self.

  • (Score: 2) by Hairyfeet on Saturday April 25 2015, @07:23PM

    by Hairyfeet (75) <bassbeast1968NO@SPAMgmail.com> on Saturday April 25 2015, @07:23PM (#175133) Journal

    What examples? Tax fraud, THAT is your big solution? You DO know that nearly all the "money" the country runs on is percentage lending where a bank with $10 can lend $100 based on "future earnings", yes? This is why the gov had to throw trillions at the 2008 crisis as banks were lending closer to $1000 on every $10 because "real estate always goes up". Maybe you should have a little gander at this video [youtube.com], made by a libertarian so perhaps he'll have more weight with you than a socialist like me, and see how much of the government's money is tied up in gambling on the stock market and banks. It ain't coming from you friend, or did you forget Mittens little "47%" gaffe already?

    If your theory would hold water the fact that a good chunk of the fortune 50 pay ZERO taxes [huffingtonpost.com] would have caused it to collapse years ago...but it hasn't, why? Because they can simply borrow more freshly printed money [usdebtclock.org] and anybody who refuses to take it can get bombed or invaded [time.com] so no worries. Think this is a new development? We haven't had any real say in this country in nearly a century [ratical.org] so if anything else was gonna work? It would have done so by now.

    --
    ACs are never seen so don't bother. Always ready to show SJWs for the racists they are.