Tax Day 2011: "The More You Make, The Less You Pay"

[marmar]

from YES! Magazine:




Tax Day 2011: "The More You Make, The Less You Pay"
Corporations are dodging taxes, governments are cutting social services, and Americans are fed up. How they're fighting back.

by Chuck Collins
posted Apr 15, 2011


At a time when federal and state lawmakers are grappling with huge budget deficits, the impact of corporate tax dodging is getting vigorous attention.

Public outrage is growing over reports that General Electric paid no taxes in 2010. Other global companies such as Boeing, Verizon, Bank of America also haven’t chipped in a dime to Uncle Sam.

At the center of the movement to change that is US Uncut, a 7-week-old grassroots effort with the message: “No Budget Cuts Until Tax Dodgers Pay Up.” Since February 26, US Uncut has organized over 170 local demonstrations at the storefronts and offices of notorious tax dodgers.

On April 13, US Uncut teamed up with the theatrical Yes Men to play a huge prank on General Electric. They issued a mock General Electric press release with the headline “GE Responds to Public Outcry—Will Donate Entire $3.2 Billion Tax Refund to Help Offset Cuts and Save American Jobs.” Associated Press and other news outlets ran the story before the hoax was revealed, and the value of GE stock dipped dramatically. .............(more)

The complete piece is at: http://www.yesmagazine.org/people-power/the-more-you-make-the-less-you-pay

[dkf]

1. Irony is the ultimate beneficiary just could be your pension plan and therefore you.

[Jefferson23]

2. Painfully accurate title. n/t