Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

0% Tax Rate for Largest U.S. Corporations

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
kpete Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 09:37 AM
Original message
0% Tax Rate for Largest U.S. Corporations
Failed EmpireChronicling the collapse of a failed society

0% Tax Rate for Largest U.S. Corporations





1 GE: Approximate annual profit of $14.7 billion; $0 taxes
Lost tax revenue: $3.675 billion + $1.33 billion tax rebate = $5 billion per year in lost revenue

2 Bank of America: Approximate annual profit of $4.4 billion; $0 taxes
Lost tax revenue: $1.1 billion per year in lost revenue

3 Exxon Mobile: Approximate annual profit of $34 billion; $0 taxes
Lost tax revenue: $8.5 billion per year in lost revenue

4 CitiGroup: Approximate annual profit of $4 billion; $0 taxes
Lost tax revenue: $4 billion per year in lost revenue

5 Wells Fargo: Approximate annual profit of $12.3 billion; $0 taxes
Lost tax revenue: $3.075 billion per year in lost revenue, + $19 billion tax credit

the rest:
http://failedempire.wordpress.com/2011/04/05/0-tax-rate...
Printer Friendly | Permalink |  | Top
xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 09:39 AM
Response to Original message
1. recommend
Printer Friendly | Permalink |  | Top
 
WatsonT Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 09:39 AM
Response to Original message
2. They invested heavily in lobbying
now they're enjoying the dividends.
Printer Friendly | Permalink |  | Top
 
ejpoeta Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 09:39 AM
Response to Original message
3. don't forget the benefits they get. at least the oil companies that get
those subsidies. so their tax would be a negative something.
Printer Friendly | Permalink |  | Top
 
howaboutme Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 09:49 AM
Response to Original message
4. Why call them US corporations?
They are globalists / multi-national / international and for the most part have no special allegiance to any nation. They are more akin to prostitutes who will service the highest bidder.
Printer Friendly | Permalink |  | Top
 
grahamhgreen Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-06-11 09:51 AM
Response to Original message
5. Well, that's it in a nutshell. Let's break them up! nt
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon Oct 20th 2014, 11:46 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC