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LuckyTheDog

(6,837 posts)
Wed Jul 30, 2014, 11:19 AM Jul 2014

Jim Hightower: Astoundingly legal corporate tax thievery

Did you scramble to get your taxes done this year at the last minute? Yeah, me too.

I really didn’t mind paying what I owe — but I hate having to pay the taxes owed by the likes of JPMorgan Chase, ExxonMobil, and Amazon. They’re just a few of the astonishingly profitable corporations adept at minimizing their tax tabs. That shifts more of the cost of everything from the military to national parks onto our shoulders.

We constantly hear CEOs and their congressional hirelings wail about the “punishing” official tax rate of 35 percent assessed on corporate profits. But they’re grinning as they’re crying, for they know they actually pay nowhere near that.

MORE HERE: http://wonkynewsnerd.com/astoundingly-legal-corporate-tax-thievery/


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Jim Hightower: Astoundingly legal corporate tax thievery (Original Post) LuckyTheDog Jul 2014 OP
Amazon does not make a profit. Why should it owe taxes? (nt) Nye Bevan Jul 2014 #1
K & R.... dhill926 Jul 2014 #2
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