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Tue Dec 4, 2012, 11:48 AM

Six major banks paid only an 11% tax rate. Had they paid at 35%. . .

Six banks Bank of America, Wells Fargo, Citigroup, JPMorgan Chase, Goldman Sachs, and Morgan Stanley together paid income tax at an approximate rate of 11%

Six banks Bank of America, Wells Fargo, Citigroup, JPMorgan Chase, Goldman Sachs, and Morgan Stanley together paid income tax at an approximate rate of 11% of their pre-tax US earnings in 2009 and 2010. Had they paid at 35%, what they are legally mandated to pay, the federal government would have received an additional $13 billion in tax revenue. This would cover more than two years of salaries for the 132,000 teacher jobs lost since the economic crisis began in 2008.


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http://boldprogressives.org/if-banks-paid-their-full-taxes-we-could-re-hire-all-130000-teachers-laid-off-during-the-recession/

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Reply Six major banks paid only an 11% tax rate. Had they paid at 35%. . . (Original post)
ProfessionalLeftist Dec 2012 OP
Mnemosyne Dec 2012 #1
peacebird Dec 2012 #2
Hydra Dec 2012 #3
Downtown Hound Dec 2012 #4
joeunderdog Dec 2012 #5

Response to ProfessionalLeftist (Original post)

Tue Dec 4, 2012, 01:21 PM

1. K&R nt

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Response to ProfessionalLeftist (Original post)

Tue Dec 4, 2012, 01:27 PM

2. Off to the greatest page!

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Response to ProfessionalLeftist (Original post)

Tue Dec 4, 2012, 03:45 PM

3. Subsidizing billionaires

One teacher and student at a time.

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Response to ProfessionalLeftist (Original post)

Tue Dec 4, 2012, 05:09 PM

4. Catering to the whins of the "job creation class"

At the expense of everybody else.

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Response to ProfessionalLeftist (Original post)

Tue Dec 4, 2012, 05:23 PM

5. Shit like this makes it all seem so obvious.

How does anyone vote for pols who accept this?

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