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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 06:37 PM
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Tax Day: Make Them Pay
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Here's an excellent idea from our family at the AFL-CIO:

Make America's tax-dodging corporations pay their fair share.

Tax Day: Make Them Pay

April 18 is the day this year we do our civic duty and pay taxes. But while you and I pay our fair share, some billion-dollar corporations do not.

Case in point: Exxon Mobil, with earnings of more than $45 billion, is the worlds most profitable corporation. Between 1998 and 2008, it spent $5.7 million in campaign contributions and $138 million in lobbying expenditures, as reported by Think Progress. Yet in 2009, it was not liable for any taxes. Even worse: Exxon Mobil, in 2009, received a $156 million tax rebate.

On April 18, thousands of union members, MoveOn members and other allies will gather all over the country outside the offices of corporations not paying their fair share. Well deliver tax bills to the biggest corporate tax-dodgers and demand that our elected leaders make them pay. Click here to find a Tax Day: Make Them Pay event near you.


Here are a few more examples of the numbers involved:


A Crock Pot Tax-Exempt Idea

A Government Accountability Office analysis showed that almost three-fifths of all American-based corporations pay no federal taxes.

by Walter Brasch


Pretending that the international crisis-of-the-week has led to the highest gas prices in years, the oil companiessmirks of greed tucked neatly into their walletsmade record profits, paid no taxes, and even received rebates and refunds from the IRS. Exxon Mobil made $19 billion in profits in 2009, paid no taxes, but received a $156 million rebate. Chevron made $10 billion, paid no taxes, and received a $19 million refund. ConocoPhillips during a three-year period, had a $16 billion profit, paid no taxes, and received a $451 million tax break. Valero Energy had $68 billion in sales, and a $157 million tax refund.

General Electric had a $26 billion profit in five years, and a $4.1 billion refund. Boeing, tucked into bed with a $30 billion Defense Department contract, got a $124 million refund to sleep better.

Even those that received taxpayer-supported bailouts, after being a major cause of the sub-prime housing debacle, made profits, paid seven-figure executive bonuses, and received refunds. Bank of America scammed the people for a $1 trillion bailout, made a $4.4 billion profit, and received a $1.9 billion tax refund.

CitiGroup, with a $2.5 trillion bailout, paid no taxes on a $4 billion profit. Goldman Sachs and Carnival Cruises were model corporate citizens by paying all of 1.1 percent taxes. Goldman Sachs had a $2.3 billion profit on an $800 billion bailout; Carnival, which took passengers and the taxpayers on a cruise, made $11 billion in profit over five years.


So, if you're not doing anything Monday, you might want to let someone know that three-fifths of Corporate Amerika pays nothing in taxes and a big chunk of them actually get a rebate from U.S. taxpayers -- perhaps even you.

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