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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: 2) by Hairyfeet on Wednesday April 15 2015, @09:29PM

    by Hairyfeet (75) <{bassbeast1968} {at} {gmail.com}> on Wednesday April 15 2015, @09:29PM (#171188) Journal

    Bwa ha ha ha ha...I'll just leave this here [huffingtonpost.com] but just FYI the ones that formed the original "tea party" were ousted waaaaay back in late '08, less than 8 months after forming it in the first place, ever since then? Its just been a mouthpiece for the billionaire Koch bros and big tobacco. If you use THAT as an example? Then thank you for proving my point.

    --
    ACs are never seen so don't bother. Always ready to show SJWs for the racists they are.
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  • (Score: 1) by Fauxlosopher on Thursday April 16 2015, @12:31AM

    by Fauxlosopher (4804) on Thursday April 16 2015, @12:31AM (#171257) Journal

    Freedomworks was a highly-visible latecomer that jumped in what they hoped was the front of the parade and started madly waving a baton around. While the term "tea party [wikipedia.org]" has been part of the American vernacular since shortly after 1773, the most current well-known political iteration under that term started as a suggestion by a few Internet authors to send in tea bags to federal politicians as a cautionary reminder that a portion of the population was getting angry over the continued financial fraud and related criminal activity ongoing with the aid and/or participation of the elected "representatives". One of the authors, Karl Denninger, has been angrily shutting down parts of his website(s) over the years in frustration over apparent reader inaction, so I am unable to provide you with a working source link [wikipedia.org].

    However, I was an eyewitness to the events and timeline in question, and at the beginning, the 2009-era Tea Party was indeed a spontaneous movement brought about by a multitude of independent individuals all working to move towards the same general goals of demanding an end to fraudulent financial schemes, government bailouts of fraudsters, and similarly-themed ideas.

    That the name has been coopted and derailed by outsiders does not change the fact that the original crimes were left unaddressed and that the participants are still out there and aware that their last efforts to play nicely within the rules dictated by the system did not accomplish what they see as justice demanded.

  • (Score: 2) by Mr Big in the Pants on Thursday April 16 2015, @05:12AM

    by Mr Big in the Pants (4956) on Thursday April 16 2015, @05:12AM (#171392)

    meh.

    This conversation is pointless if you are going to intentionally miss my points.

    Can't be bothered talking further and in the end nothing on this board will change anything.

    byee