Friday, April 17, 2015

Major Profitable US Companies Paid No Taxes in 2014. Broken. Loophole. Bullshit.

   Here   "The revenues raised from eliminating corporate tax subsidies should not be given right back to corporations in the form of tax-rate reductions," the report says. "Instead, as the vast majority of Americans understand, these desperately needed revenues should be used to address our nation’s fiscal problems and to make critically needed public investments in our nation’s future."

"...Think that's an exaggeration? Look at a new report from Citizens for Tax Justice, 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."

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