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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: 1) by Fauxlosopher on Thursday April 16 2015, @07:45AM

    by Fauxlosopher (4804) on Thursday April 16 2015, @07:45AM (#171443) Journal

    Are you honestly claiming that payment of income taxes is considered to be voluntary by the US fedgov?

    Yes. You can leave, as stated by 47 other people today.

    Wrong [irs.gov]. Even renouncing US citizenship is subject to rapidly-increasing fees [forbes.com]/tax.

    Though you meant to present the false choice to "physically leave or be a slave/pay tax", as posted previously [soylentnews.org], I have in fact left your plantation.

  • (Score: 2) by tangomargarine on Thursday April 16 2015, @03:48PM

    by tangomargarine (667) on Thursday April 16 2015, @03:48PM (#171626)

    So by "wrong" you mean "actually, correct, you just have to pay a fee and fill out paperwork to renounce your citizenship and then you're golden."

    So you're living outside the U.S. but refuse to pay the fee to cut the tie? Man, you're one tough guy to please.

    --
    "Is that really true?" "I just spent the last hour telling you to think for yourself! Didn't you hear anything I said?"
    • (Score: 0) by Anonymous Coward on Thursday April 16 2015, @05:11PM

      by Anonymous Coward on Thursday April 16 2015, @05:11PM (#171651)

      Wrong again. Not surprising, though, since you apparently can't be arsed to read [soylentnews.org].