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Sen Bernie Sanders: Top 10 Worst Corporate Income Tax Avoiders

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Charleston Chew Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-11 02:09 PM
Original message
Sen Bernie Sanders: Top 10 Worst Corporate Income Tax Avoiders
 
Run time: 04:38
https://www.youtube.com/watch?v=Sknt-UBRhxo
 
Posted on YouTube: March 30, 2011
By YouTube Member: SenatorSanders
Views on YouTube: 29
 
Posted on DU: March 30, 2011
By DU Member: Charleston Chew
Views on DU: 1251
 
A Scandal

Sanders' Top 10 Worst Corporate Income Tax Avoiders: http://1.usa.gov/ieadxt

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Plucketeer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-11 02:31 PM
Response to Original message
1. HEROS......
achieve such status by dodging bullets or telling truths. How come Bernie ain't got a chest full of medals?
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-11 03:39 PM
Response to Original message
2. Here is the disgusting list for the reference folder:



1) Exxon Mobil made $19 billion in profits in 2009. Exxon not only paid no federal income taxes, it actually received a $156 million rebate from the IRS, according to its SEC filings.

2) Bank of America received a $1.9 billion tax refund from the IRS last year, although it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of nearly $1 trillion.

3) Over the past five years, while General Electric made $26 billion in profits in the United States, it received a $4.1 billion refund from the IRS.

4) Chevron received a $19 million refund from the IRS last year after it made $10 billion in profits in 2009.

5) Boeing, which received a $30 billion contract from the Pentagon to build 179 airborne tankers, got a $124 million refund from the IRS last year.

6) Valero Energy, the 25th largest company in America with $68 billion in sales last year received a $157 million tax refund check from the IRS and, over the past three years, it received a $134 million tax break from the oil and gas manufacturing tax deduction.

7) Goldman Sachs in 2008 only paid 1.1 percent of its income in taxes even though it earned a profit of $2.3 billion and received an almost $800 billion from the Federal Reserve and U.S. Treasury Department.

8) Citigroup last year made more than $4 billion in profits but paid no federal income taxes. It received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury.

9) ConocoPhillips, the fifth largest oil company in the United States, made $16 billion in profits from 2007 through 2009, but received $451 million in tax breaks through the oil and gas manufacturing deduction.

10) Over the past five years, Carnival Cruise Lines made more than $11 billion in profits, but its federal income tax rate during those years was just 1.1 percent.
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Hubert Flottz Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-11 04:53 PM
Response to Original message
3. K&R
Bernie For President!
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pam4water Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-11 05:56 PM
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4. Brilliant! K&R
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whirlygigspin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-31-11 02:20 AM
Response to Reply #4
5. k & r
n/t
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Charleston Chew Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-31-11 04:11 PM
Response to Original message
6. .
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