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Reply #27


Response to Tansy_Gold (Original post)

Tue Mar 19, 2013, 09:44 AM

27. "16 Giant Corporations That Have Basically Stopped Paying Taxes"

Not that there's anything new here ... we all know this but thought I'd put it up anyway. I'm reading a book (Sci-Fy) by Shari Tepper in which she postulates that "the human problem" is that we have no racial memory. So, for instance, when our Dear Leaders call us to war, we have forgotten the reality of the children blown to bits in the last one. Every generation has to repeat the same mistakes.

Racial memory - hell, I'd say we don't even have any working lifetime memory - how else is it that we have to keep fighting the same battles in our own lifetimes???????????????

http://www.alternet.org/corporate-accountability-and-workplace/16-giant-corporations-have-basically-stopped-paying-taxes

AlterNet / By Paul Buchheit
comments_image
16 Giant Corporations That Have Basically Stopped Paying Taxes -- While Also Cutting Jobs!
March 18, 2013 |

... Outside the stadium our nation's kids and seniors and low-income mothers may be dealing with food and housing cuts, but on the corporate playing floor new low-tax records are being set again this year. Just as this is a golden age for sports, this is also, as noted by the New York Times , "a golden age for corporate profits."

Corporations have simply stopped paying their taxes, perhaps using the 2008 recession as an excuse to plead hardship, but then never restoring their tax obligations when business got better. The facts are indisputable. For over 20 years, from 1987 to 2008, corporations paid an average of 22.5% in federal taxes. Since the recession, this has dropped to 10% -- even though their profits have doubled in less than ten years.

Pay Up Now just completed a compilation of corporate tax payments over the past five years, using SEC data as reported by the companies themselves. The firms chosen are top-earners who have filed 10-K reports through 2012. Their US Tax figures represent the five-year total of "current" payments.


Details on the usual at the link.

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