HELLO, AMERICA!
YOU, YES YOU, J.Q. CITIZEN, IF YOU PAID ONE DOLLAR OF FEDERAL INCOME TAX TO IRS IN THE PAST 4 YEARS, YOU PAID MORE TAXES THAN MEGA-CORPORATIONS WELLS FARGO, VERIZON, DUKE ENERGY, GENERAL ELECTRIC, DUPONT, CONSOLIDATED EDISON, BOEING, CORNING, HONEYWELL AND A COUPLE DOZEN OTHER MAJOR COMPANIES DID IN 2008-2011, COMBINED!
(CLICK ON THE IMAGE BELOW TO SEE A LARGER VERSION OF THE LIST.)
YOU, YES YOU, J.Q. CITIZEN, IF YOU PAID ONE DOLLAR OF FEDERAL INCOME TAX TO IRS IN THE PAST 4 YEARS, YOU PAID MORE TAXES THAN MEGA-CORPORATIONS WELLS FARGO, VERIZON, DUKE ENERGY, GENERAL ELECTRIC, DUPONT, CONSOLIDATED EDISON, BOEING, CORNING, HONEYWELL AND A COUPLE DOZEN OTHER MAJOR COMPANIES DID IN 2008-2011, COMBINED!
(CLICK ON THE IMAGE BELOW TO SEE A LARGER VERSION OF THE LIST.)
IN FACT, OUT OF 280 "FORTUNE 500 COMPANIES", 78 OF THEM HAD AT LEAST ONE YEAR SINCE 2008 IN WHICH THEY PAID NOT ONE PENNY OF FEDERAL INCOME TAX AT ALL...ZIP...NONE...ZERO! SOME GOT REFUNDS...CORPORATIONS GOT REFUNDS!
THOSE OF YOU WHO WORK FOR THESE 78, WHAT DID YOU GET?
<<In the years they paid no income tax, these companies earned $156 billion in pretax U.S. profits. But instead of paying $55 billion in income taxes as the 35 percent corporate tax rate seems to require, these companies generated so many excess tax breaks that they reported negative taxes (often receiving outright tax rebate checks from the U.S. Treasury), totaling $21.8 billion. These companies’ “negative tax rates” mean that they made more after taxes than before taxes in those no-tax years.>>
WISH THAT WAS US, DON'T WE, CITIZENS?
IF WE TRIED NOT PAY TAXES ON EVEN A ONE THOUSAND-DOLLAR PROFIT, WE'D BE ON OUR WAY TO THE FEDERAL "CORRECTIONS" FACILITY!
BUT NOT CORPORATE AMERICA!
ALTHOUGH THEY HAVE BEEN RULED BY OUR "SUPREME COURT" TO BE THE "SAME AS PEOPLE" [SEE http://www.howstuffworks.com/corporation-person.htm FOR THE SIMPLE EXPLANATION ON THAT.], THOSE "CORPORATE PEOPLE" HAVE A WHOLE DIFFERENT SET OF RULES!
[SAAAAAY! MAYBE WE SHOULD ALL "INCORPORATE! MAYBE ONCE WE'RE ALL CORPORATIONS WE CAN SCREW THE IRS LIKE THEY DO! WHO'S IN? COME ON, YOU KNOW YOU WANT TO!]
SURE, CONGRESS WANTS TO KEEP TAXING THE "LITTLE MAN", WANTS THE MIDDLE AND LOWER "CLASS" TO CONTINUE BEARING THE TAX BURDEN FOR ALL AMERICA WHILE THAT TOP 10% AND ESPECIALLY THE TOP 2% PAY LESS AND LESS TAXES, AND FINALLY NONE, ZERO, LIKE THE 30 LISTED BELOW.
THAT'S BECAUSE CONGRESSMEN WANT BIG MONEY IN THEIR CAMPAIGN "WAR CHESTS", AND, LET'S FACE IT, FOLKS, WE, THE "COMMON PEOPLE", WE, THE TAXPAYERS JUST DON'T HAVE MILLIONS OR HUNDREDS OF THOUSANDS OF DOLLARS TO "CONTRIBUTE" TO CONGRE$$MEN SO THEY CAN GO BACK UP TO CAPITOL HILL AND VOTE AGAINST US, VOTE THE DIRECT OPPOSITE OF WHAT THE POLLS, LETTERS, THE EMAILS AND CALLS FROM THEIR CONSTITUENTS TELL THEM TO VOTE... YET AGAIN!
WE SEE HOW OUR 'ELECTEDS' IGNORE OUR INPUT, IGNORE OUR LOUD "DON'T YOU DARE DO THAT!" WARNINGS.
YET, COME ELECTION TIME, WE VOTE THE SAME ONES RIGHT BACK IN....WHY?
FROM A WEBSITE, AND GOOD FOLKS WHOM I HAVE LONG ADMIRED, SOME FACTS FOR YOU...THE FACTS...WITH SPECIAL THANKS TO MR. FRANK CLEMENTE, CAMPAIGN MANAGER, AMERICANS FOR TAX FAIRNESS.
YET, COME ELECTION TIME, WE VOTE THE SAME ONES RIGHT BACK IN....WHY?
FROM A WEBSITE, AND GOOD FOLKS WHOM I HAVE LONG ADMIRED, SOME FACTS FOR YOU...THE FACTS...WITH SPECIAL THANKS TO MR. FRANK CLEMENTE, CAMPAIGN MANAGER, AMERICANS FOR TAX FAIRNESS.
NOW DON'T FAINT AND DON'T ROLL YOUR EYES, FACTS IS A REAL WORD, I DON'T CARE WHAT YOU HEARD AT THE NATIONAL CONVENTION!
FOR THOSE OF YOU WHOSE PARTY HAS SAID THEY HATE FACTS, THAT FACT-CHECKING FOULS UP EVERYTHING, JUST GO PLAY A GAME OR SURF YOUR ONLINE TV GUIDE WHILE OTHERS READ THESE.
CAREFUL, WATCH YOUR STEP AS YOU LEAVE THE TEA ROOM.
IF ANYONE IS LEFT, THIS YOU GOTTA SEE!
http://www.ctj.org/pdf/notax2012.pdf
TAKE A LONG HARD LOOK AT THE TABLES IN THIS 8-PAGE PDF!
THE ONE ON PAGE 3 REALLY LIT MY FIRES!
BEGINNING ON PAGE 8, WE CAN SEE HOW THE "BIG BOYS" MANIPULATED THIS HUMONGOUS TAX BREAK AND GOT THOSE "ENTITLEMENTS" FOR THEMSELVES...WHAT A READ!
IT'S A WEE 8 PAGES, YOU CAN READ 8 PAGES...
THE ENTIRE PDF IS 71 PAGES, FOUND HERE:
http://www.ctj.org/corporatetaxdodgers/CorporateTaxDodgersReport.pdf <<Today corporate tax loopholes are so out of control that most Americans can rightfully
SHARE THIS WEBSITE!
"AMERICANS FOR TAX FAIRNESS"
http://www.americansfortaxfairness.org/facts/
<<Republicans in Congress recently passed a tax plan that would cut by 30 percent both the corporate income tax rate and the top tax rate paid by the wealthiest Americans. [Center on Budget and Policy Priorities, Ryan Budget’s Claim to Finance its Tax Cuts for the Wealthy By Curbing Their Tax Breaks Does Not Withstand ScrutinyLast November, Citizens for Tax Justice and the Institute on Taxation and Economic Policy issued a
FOR THOSE OF YOU WHOSE PARTY HAS SAID THEY HATE FACTS, THAT FACT-CHECKING FOULS UP EVERYTHING, JUST GO PLAY A GAME OR SURF YOUR ONLINE TV GUIDE WHILE OTHERS READ THESE.
CAREFUL, WATCH YOUR STEP AS YOU LEAVE THE TEA ROOM.
IF ANYONE IS LEFT, THIS YOU GOTTA SEE!
http://www.ctj.org/pdf/notax2012.pdf
TAKE A LONG HARD LOOK AT THE TABLES IN THIS 8-PAGE PDF!
THE ONE ON PAGE 3 REALLY LIT MY FIRES!
BEGINNING ON PAGE 8, WE CAN SEE HOW THE "BIG BOYS" MANIPULATED THIS HUMONGOUS TAX BREAK AND GOT THOSE "ENTITLEMENTS" FOR THEMSELVES...WHAT A READ!
IT'S A WEE 8 PAGES, YOU CAN READ 8 PAGES...
THE ENTIRE PDF IS 71 PAGES, FOUND HERE:
http://www.ctj.org/corporatetaxdodgers/CorporateTaxDodgersReport.pdf <<Today corporate tax loopholes are so out of control that most Americans can rightfully
complain, “I pay more federal income taxes than General Electric, Boeing, DuPont, Wells
Fargo, Verizon, etc., etc., all put together.” That’s an unacceptable situation.
Twenty-five years ago, President Ronald Reagan was horrified by a similar epidemic of
corporate tax dodging. “I just didn’t realize that things had gotten that far out of line,” Reagan
reportedly told his Treasury Secretary. And Reagan solved the problem, by sweeping away
corporate tax loopholes with the Tax Reform Act of 1986.
But over time, Reagan’s 1986 decision to get rid of corporate tax subsidies and make our
big corporations pay their fair share has been reversed. Ironically, that reversal has been led in
large part by politicians who claim to be Reagan’s disciples and to oppose government
subsidies that interfere with market incentives. Indeed, many of these purported fans of
Reagan want to expand corporate subsidies and tilt public policy even further in favor of
corporate tax avoidance.>>
SHARE THIS WEBSITE!
"AMERICANS FOR TAX FAIRNESS"
http://www.americansfortaxfairness.org/facts/
<<Republicans in Congress recently passed a tax plan that would cut by 30 percent both the corporate income tax rate and the top tax rate paid by the wealthiest Americans. [Center on Budget and Policy Priorities, Ryan Budget’s Claim to Finance its Tax Cuts for the Wealthy By Curbing Their Tax Breaks Does Not Withstand ScrutinyLast November, Citizens for Tax Justice and the Institute on Taxation and Economic Policy issued a
major study of the federal income taxes paid, or not
paid, by 280 big, profitable Fortune 500 corporations.
That report found, among other things, that 30 of the
companies paid no net federal income tax from 2008
through 2010. New information for 2011 shows that
almost all these 30 companies have maintained their
tax dodging ways.
In fact, all but four of the 30 companies remained in
the no-federal-income-tax category over the 2008-11
period.
Over the four years:
~26 of the 30 companies continued to enjoy negative
federal income tax rates. That means they still
made more money after tax than before tax over
the four years!
~In total, 2008/09/10/11 federal income taxes for the 30
companies remained negative, despite $205 billion
in pretax U.S. profits. Overall, they enjoyed an
average effective federal income tax rate of –3.1
percent over the four years.>>
THAT'S MINUS 3.1%!
BUT LOOK AT THOSE PROFITS!
LOOK AT THOSE 'OFFSHORE PROFITS'!
ARE AMERICAN CITIZENS TAXED ON MONEY THEY MAKE OVERSEAS, "OFFSHORE"?
percent over the four years.>>
THAT'S MINUS 3.1%!
BUT LOOK AT THOSE PROFITS!
LOOK AT THOSE 'OFFSHORE PROFITS'!
ARE AMERICAN CITIZENS TAXED ON MONEY THEY MAKE OVERSEAS, "OFFSHORE"?
HELL YES!!!<<If you are a U.S. citizen or resident alien, the rules for filing
income, estate, and gift tax returns and paying estimated tax are
generally the same whether you are in the United States or abroad. Your
worldwide income is subject to U.S. income tax, regardless of where you
reside.
http://www.irs.gov/Individuals/International-Taxpayers/U.S.-Citizens-and-Resident-Aliens-Abroad
If you are a U.S. citizen or resident alien residing overseas, or are in the military on duty outside the U.S., on the regular due date of your return, you are allowed an automatic 2-month extension to file your return and pay any amount due without requesting an extension. For a calendar year return, the automatic 2-month extension is to June 15.>>
http://www.irs.gov/Individuals/International-Taxpayers/U.S.-Citizens-and-Resident-Aliens-Abroad
If you are a U.S. citizen or resident alien residing overseas, or are in the military on duty outside the U.S., on the regular due date of your return, you are allowed an automatic 2-month extension to file your return and pay any amount due without requesting an extension. For a calendar year return, the automatic 2-month extension is to June 15.>>
WAIT, I THOUGHT CORPORATIONS WERE PEOPLE!
SHOULDN'T THEY PAY TAXES ON "OFFSHORE PROFITS"???
SHOULDN'T THEY PAY TAXES ON "OFFSHORE PROFITS"???
http://www.americansfortaxfairness.org/files/4July1.jpg
WHAT IF THE AVERAGE CITIZEN RECEIVED THESE SUBSIDIES, BECAUSE THESE ARE SUBSIDIES, OR, AS DEAR OLD "BONER" (BOEHNER, BAY-NER) & COMPANY LIKE TO SAY, "LOOK AT ALL THOSE ENTITLEMENTS!"
YEAH, WELL, HE SURE HAS NEVER WANTED TO TAKE AWAY ANY OF THOSE ENTITLEMENTS/SUBSIDIES FROM HIS PALS ON WALL STREET, NOR TAKE ANYTHING THAT'S DUE THIS NATION FROM THE BIG BANKERS, HAS HE?
NO WAY!
WHAT IF THE AVERAGE CITIZEN RECEIVED THESE SUBSIDIES, BECAUSE THESE ARE SUBSIDIES, OR, AS DEAR OLD "BONER" (BOEHNER, BAY-NER) & COMPANY LIKE TO SAY, "LOOK AT ALL THOSE ENTITLEMENTS!"
YEAH, WELL, HE SURE HAS NEVER WANTED TO TAKE AWAY ANY OF THOSE ENTITLEMENTS/SUBSIDIES FROM HIS PALS ON WALL STREET, NOR TAKE ANYTHING THAT'S DUE THIS NATION FROM THE BIG BANKERS, HAS HE?
NO WAY!
THEY PAY FOR HIS WINS, HIS HIGH-DOLLAR "CAMPAIGNS"!
WHY, HE'D SOONER GNAW OFF HIS OWN FOOT THAN TAX THE "2%"!
HE'D RATHER TAKE FOOD AWAY FROM KIDS, SOCIAL SECURITY AWAY FROM HIS GRANDMOTHER THAN TAKE ONE RED CENT AWAY FROM "BIG BUSINESS"!
"WHYYYYY, BIG BUSINESS CREATES JOBS!" COMES THE CRY FROM THE CAPITOL HILL BROTHEL.
NO, NOT LATELY, NO...ANY 'NEW JOBS' ARE SHIPPED OVERSEAS WHERE THEY PAY FAR LESS THAN THE SHAMEFUL AMERICAN 'MINIMUM WAGE', AND BACK HOME, HERE, CORPORATIONS STILL PAY "BLUE COLLAR" WAGES THAT NO FAMILY CAN POSSIBLY LIVE ON, NO WAGE INCREASE TO MATCH THE TAX INCREASE, NOSIRRREEE!
IF YOU CAN'T SEE WHAT'S HAPPENING, YOU'RE A REAL SPECIAL KIND OF BLIND, CITIZENS.
AND "BIG BUSINESS IS MADE UP OF MAKERS NOT TAKERS", RIIIIGHT?
ISN'T THAT ALSO A "BONER-ISM"?
SO SAITH THE DEMI-GODS OF WASHINGTON, D.C.
WELL, THAT'S A PURE LIE, AS THESE CHARTS AND FACTS SHOW!
LOOKS LIKE THEY TAKE THE LION'S SHARE OF FEDERAL SUBSIDIES AND TAX BREAKS, TAKE ALL THE LOOPHOLES THEY CAN DIG UP, LOOKS LIKE THEY TAKE THE BIG PROFITS, MAKE THEIR LOW-TAX SHAREHOLDERS HAPPY (SOME OF WHOM ARE CALLED "CONGRESSMAN"), AND CONTINUE TO SCREW THE WORKERS..OR SO IT APPEARS TO ME!
OH, THEY TAKE PLENTY!
SURE LOOKS LIKE THE WALL STREET GANG TAKES A LOT FROM WHERE I SIT...OR STOOP, BENT AS I AM WITH THESE TAKERS' SHARE OF THE TAX BURDEN IN AMERICA ON MY OLD, TIRED SHOULDERS!
I'M PAYING WHILE THEY PARTY RIGHT ON...BOTH PARTIES, 'PUBLICANS AND DEMOKATS, WITH THE CORPORATE TAKERS!
THESE 30 CORPORATIONS GIVE PLENTY MONEY TO THOSE WHO CAN MAKE THE LAWS THAT GIVE THEM SHELTER IN THE FINANCIAL STORM ...THE STORM THAT'S JUST ABOUT SUNK THIS OLD 'SHIP OF STATE', AND THE REST OF US!
NO, HERE WE SEE THE SAME OLD SAME...WALL STREET PAYING ITS WHORES ON CAPITOL HILL AND CAPITOL HILL LOVING IT AND HOLDING OUT HANDS (ETC) FOR MORE, MORE, MORE!
<<The Bottom Line:
WHY, HE'D SOONER GNAW OFF HIS OWN FOOT THAN TAX THE "2%"!
HE'D RATHER TAKE FOOD AWAY FROM KIDS, SOCIAL SECURITY AWAY FROM HIS GRANDMOTHER THAN TAKE ONE RED CENT AWAY FROM "BIG BUSINESS"!
"WHYYYYY, BIG BUSINESS CREATES JOBS!" COMES THE CRY FROM THE CAPITOL HILL BROTHEL.
NO, NOT LATELY, NO...ANY 'NEW JOBS' ARE SHIPPED OVERSEAS WHERE THEY PAY FAR LESS THAN THE SHAMEFUL AMERICAN 'MINIMUM WAGE', AND BACK HOME, HERE, CORPORATIONS STILL PAY "BLUE COLLAR" WAGES THAT NO FAMILY CAN POSSIBLY LIVE ON, NO WAGE INCREASE TO MATCH THE TAX INCREASE, NOSIRRREEE!
IF YOU CAN'T SEE WHAT'S HAPPENING, YOU'RE A REAL SPECIAL KIND OF BLIND, CITIZENS.
AND "BIG BUSINESS IS MADE UP OF MAKERS NOT TAKERS", RIIIIGHT?
ISN'T THAT ALSO A "BONER-ISM"?
SO SAITH THE DEMI-GODS OF WASHINGTON, D.C.
WELL, THAT'S A PURE LIE, AS THESE CHARTS AND FACTS SHOW!
LOOKS LIKE THEY TAKE THE LION'S SHARE OF FEDERAL SUBSIDIES AND TAX BREAKS, TAKE ALL THE LOOPHOLES THEY CAN DIG UP, LOOKS LIKE THEY TAKE THE BIG PROFITS, MAKE THEIR LOW-TAX SHAREHOLDERS HAPPY (SOME OF WHOM ARE CALLED "CONGRESSMAN"), AND CONTINUE TO SCREW THE WORKERS..OR SO IT APPEARS TO ME!
OH, THEY TAKE PLENTY!
SURE LOOKS LIKE THE WALL STREET GANG TAKES A LOT FROM WHERE I SIT...OR STOOP, BENT AS I AM WITH THESE TAKERS' SHARE OF THE TAX BURDEN IN AMERICA ON MY OLD, TIRED SHOULDERS!
I'M PAYING WHILE THEY PARTY RIGHT ON...BOTH PARTIES, 'PUBLICANS AND DEMOKATS, WITH THE CORPORATE TAKERS!
THESE 30 CORPORATIONS GIVE PLENTY MONEY TO THOSE WHO CAN MAKE THE LAWS THAT GIVE THEM SHELTER IN THE FINANCIAL STORM ...THE STORM THAT'S JUST ABOUT SUNK THIS OLD 'SHIP OF STATE', AND THE REST OF US!
NO, HERE WE SEE THE SAME OLD SAME...WALL STREET PAYING ITS WHORES ON CAPITOL HILL AND CAPITOL HILL LOVING IT AND HOLDING OUT HANDS (ETC) FOR MORE, MORE, MORE!
<<The Bottom Line:
The information on these 30 companies helps illustrate why
overall federal corporate income tax collections are so low.
The Treasury Department reports that corporate taxes fell to
only 1.2 percent of our gross domestic product over the past
three fiscal years. That’s lower than at any time since the
1940s except for one single year during President Reagan’s
first term. By comparison, corporate taxes averaged almost
4 percent of our GDP during the 1960s.
“Getting rid of corporate tax subsidies that cause such
widespread tax avoidance ought to be a key part of any
deficit-reduction program,” said Citizens for Tax Justice
director BobMcIntyre. “As a bonus,revenue-raising corporate
tax reform would make it much easier to fund the investments
we need to improve education and repair our crumbling roads
and bridges —
director BobMcIntyre. “As a bonus,revenue-raising corporate
tax reform would make it much easier to fund the investments
we need to improve education and repair our crumbling roads
and bridges —
things that would actually help businesses and our economy
grow.”>>http://www.ctj.org/pdf/notax2012.pdf
I'LL "AMEN" MOST OF THAT, BUT WILL THE 'PUBLICANS?
WILL THE DEMOKATS?
WILL ANY CONGRE$$MAN WHO WANTS MEGA-MILLIONS FROM WALL STREET FOR HIS/HER NEXT CAMPAIGN, WHO HOLDS STOCKS WITH SOME OF THESE GUYS, WHO HAVE HOUSES IN THE SAME NEIGHBORHOODS, WHOSE KIDS ALL GO TO THE SAME PRIVATE SCHOOLS, WHO COUNT ON THEIR GOOD BUDDIES TO FINANCE ANOTHER ROUND OF LOOTING, PILLAGING, RAPING THE ECONOMY AND "THE GUY ON THE STREET" WILL ANY CONGRESSMAN ON THE TAKE EVER, IN A MILLION YEARS, ALLOW TAX RATES TO RISE ON THEIR SUN/MOON/STARS OF WALL STREET?
SURE...ABOUT THE SAME TIME THAT THEY INSTALL SKI JUMPS AND PASS OUT SNOWMOBILES IN HADES.
OR MAYBE THE DAY AFTER THAT?
I'LL "AMEN" MOST OF THAT, BUT WILL THE 'PUBLICANS?
WILL THE DEMOKATS?
WILL ANY CONGRE$$MAN WHO WANTS MEGA-MILLIONS FROM WALL STREET FOR HIS/HER NEXT CAMPAIGN, WHO HOLDS STOCKS WITH SOME OF THESE GUYS, WHO HAVE HOUSES IN THE SAME NEIGHBORHOODS, WHOSE KIDS ALL GO TO THE SAME PRIVATE SCHOOLS, WHO COUNT ON THEIR GOOD BUDDIES TO FINANCE ANOTHER ROUND OF LOOTING, PILLAGING, RAPING THE ECONOMY AND "THE GUY ON THE STREET" WILL ANY CONGRESSMAN ON THE TAKE EVER, IN A MILLION YEARS, ALLOW TAX RATES TO RISE ON THEIR SUN/MOON/STARS OF WALL STREET?
SURE...ABOUT THE SAME TIME THAT THEY INSTALL SKI JUMPS AND PASS OUT SNOWMOBILES IN HADES.
OR MAYBE THE DAY AFTER THAT?
I SAY AGAIN....HELLO, AMERICA!
YOU PAID MORE TAXES THAN WELLS FARGO, VERIZON, DUKE ENERGY, GENERAL ELECTRIC, DUPONT, CONSOLIDATED EDISON, BOEING, CORNING, HONEYWELL AND A COUPLE DOZEN OTHER MAJOR CORPORATIONS DID IN 2008-2011 COMBINED!
EAT IT AND SMILE, OR VOTE THE PROSTITUTES OUT WHO PASSED THE LAWS THAT GAVE THESE COMPANIES ALL THEIR TAX LOOPHOLES, AND DO CALL EACH ONE UP AND TELL THEM YOU SEE HOW EASILY THEY ARE BOUGHT!
RAISE A LITTLE SAND, AMERICA!
DO SOMETHING!
YOU'LL FEEL BETTER IF YOU JUST TRY TO CHANGE THIS 'PROGRAM'!
FOR THOSE WHO JUST WON'T READ....
http://youtu.be/S6ZsXrzF8Cc
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