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TAX DODGERS EXPOSED! 280 of America’s most profitable companies: 78 of them paid no federal income tax / 30 enjoyed a negative income tax rate | |
| NowUNoIT User ID: 1474586  United States11/04/2011 10:30 AM Report Abusive Post Report Copyright Violation | TAX DODGERS EXPOSED! 280 of America’s most profitable companies: 78 of them paid no federal income tax / 30 enjoyed a negative income tax rate FULL REPORT: [link to ctj.org] The average effective tax rate for all 280 companies in the study over the three year period was 18.5 percent; for the period 2009-2010 it was 17.3 percent, less than half the statutory rate of 35 percent. * 78 of the companies enjoyed at least one year in which their federal income tax was zero or less. * 30 companies enjoyed a negative income tax rate over the entire three year period on their combined pre-tax profits of $160 billion. * Total tax subsidies given to all 280 profitable corporations amounted to $222.7 billion from 2008-2010. * Wells Fargo tops the list of 280 U.S. corporations receiving the most in tax subsidies, getting nearly $18 billion in tax breaks from the U.S. treasury in the last three years. * Pepco Holdings had the lowest effective tax rate of all the companies in the study, at negative 57.6 percent over the three year period. Some companies within sectors fare worse than others. For example, the report finds that FedEx paid a 0.9 percent tax rate over the three year period while its competitor, UPS, paid a 24.1 percent rate. * While retailers and wholesalers in the study generally pay average effective tax rates of about 30 percent, Amazon.com paid a rate of only 7.9 percent on its $1.8 billion in profits from 2008-2010. Full Press Release: [link to www.ctj.org] Basically if ANYONE OF YOU PAID ANY US FEDERAL TAXES in the past 3 years, you paid MORE than: (78 Companies Paying Zero Tax or Less in at Least One Year, 2008–2010 - there may be a couple missing below but see full report) Ameren American Electric Power Apache Atmos Energy Baxter International Boeing Capital One Financial Casey's General Stores CenterPoint Energy Chesapeake Energy Cliffs Natural Resources CMS Energy Computer Sciences Consolidated Edison Con-way Corning Dean Foods Deere Domtar Duke Energy DuPont Eastman Chemical El Paso Eli Lilly Entergy Exxon Mobil FedEx FirstEnergy FMC Technologies General Electric Goldman Sachs Group H.J. Heinz Halliburton Health Management Associates Hewlett-Packard Holly Honeywell International Ingram Micro Insight Enterprises Integrys Energy Group International Paper Interpublic Group Marathon Oil Mattel Merck Navistar International NextEra Energy NiSource NYSE Euronext Occidental Petroleum Omnicare Paccar Pantry Peabody Energy Pepco Holdings PG&E Corp. PNC Financial Services Group PPL Progress Energy R.R. Donnelley & Sons Reinsurance Group of America Reliance Steel & Aluminum Rockwell Automation Ryder System Scana Sempra Energy Southwest Airlines SPX 90 State Street Corp. Tenet Healthcare Time Warner Verizon Communications Wells Fargo Wisconsin Energy Xcel Energy Yahoo Yum Brands     |
| NowUNoIT (OP) User ID: 1474586 United States11/04/2011 10:36 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1483431 United States11/04/2011 10:37 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 4279312 United States11/04/2011 10:50 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 4279312 United States11/04/2011 10:54 AM Report Abusive Post Report Copyright Violation | Re: TAX DODGERS EXPOSED! 280 of America’s most profitable companies: 78 of them paid no federal income tax / 30 enjoyed a negative income tax rate the government says they want to fix them and the go out and take millions in donations from these companies lobbist. CORRUPTION and GREED is in both the public and private sector |
| Anonymous Coward User ID: 4279312 United States11/04/2011 11:02 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Cowherder Stop the inanity!  User ID: 2245483 United States11/04/2011 11:12 AM  Report Abusive Post Report Copyright Violation | Re: TAX DODGERS EXPOSED! 280 of America’s most profitable companies: 78 of them paid no federal income tax / 30 enjoyed a negative income tax rate Heinz, huh? John Kerry taking care if his own. Repeal the 17th Amendment and the Reapportionment Act of 1929! Thread: First steps down the road to a return to the Constitutional Republic that we were intended to be. Restore the Republic. Thread: The Bill of Rights does NOT include age requirements! It's a flower, not something to be feared.  - Moo! |
| Anonymous Coward User ID: 4367936 United States11/04/2011 11:27 AM Report Abusive Post Report Copyright Violation | |
| NowUNoIT (OP) User ID: 1474586 United States11/04/2011 11:55 AM Report Abusive Post Report Copyright Violation | |
| NowUNoIT (OP) User ID: 1474586 United States11/04/2011 12:00 PM Report Abusive Post Report Copyright Violation | Re: TAX DODGERS EXPOSED! 280 of America’s most profitable companies: 78 of them paid no federal income tax / 30 enjoyed a negative income tax rate Some other interesting stats from the above source report: "Tax subsidies for the 280 companies over the three years totaled a staggering $222.7 billion ($61.4 billion in 2008, $76.2 billion in 2009 and $85.1 billion in 2010). These amounts are the difference between what the companies would have paid if their tax bills equaled 35 percent of their profits and what they actually paid." 25 Companies with the Largest Total Tax Subsidies, 2008-10 Wells Fargo $ 17,960 AT&T 14,491 Verizon Communications 12,332 General Electric 8,398 International Business Machines 8,265 Exxon Mobil 4,096 Boeing 3,585 PNC Financial Services Group 3,354 Goldman Sachs Group 3,178 Procter & Gamble 3,158 Merck 2,860 PG&E Corp. 2,726 Hewlett-Packard 2,677 American Electric Power 2,610 Devon Energy 2,563 Wal-Mart Stores 2,511 Coca-Cola 2,461 American Express 2,427 NextEra Energy 2,380 Chesapeake Energy 2,303 Exelon 2,224 Duke Energy 2,132 Comcast 2,125 Union Pacific 2,012 United Technologies 1,986 Total these 25 companies $ 114,815 Other 255 companies 107,885 |
| DILKe User ID: 2053427 United States11/04/2011 12:00 PM Report Abusive Post Report Copyright Violation | Re: TAX DODGERS EXPOSED! 280 of America’s most profitable companies: 78 of them paid no federal income tax / 30 enjoyed a negative income tax rate  Marxism is the true enemy of our civilization. What is Cultural Marxism: [link to www.bitchute.com (secure)] |
| Anonymous Coward User ID: 4517022  Australia11/04/2011 12:09 PM Report Abusive Post Report Copyright Violation | |
| Geoduck User ID: 1158769 United States11/04/2011 12:20 PM Report Abusive Post Report Copyright Violation | |
| NowUNoIT (OP) User ID: 1474586 United States11/04/2011 12:56 PM Report Abusive Post Report Copyright Violation | Re: TAX DODGERS EXPOSED! 280 of America’s most profitable companies: 78 of them paid no federal income tax / 30 enjoyed a negative income tax rate Thanks for the PIN AC and Geoduck! I agree this should be PINNED for knowledge! By the way I want to thank the following for their hard work on their research and Jerry Doyle for exposing this report on his radio show yesterday by interviewing Rebecca: Robert S. McIntyre Citizens for Tax Justice Matthew Gardner Institute on Taxation and Economic Policy Rebecca J. Wilkins Citizens for Tax Justice Richard Phillips Institute on Taxation and Economic Policy |
| Anonymous Coward User ID: 1524241 United States11/04/2011 01:09 PM Report Abusive Post Report Copyright Violation | Re: TAX DODGERS EXPOSED! 280 of America’s most profitable companies: 78 of them paid no federal income tax / 30 enjoyed a negative income tax rate good for them1 we should ALL be so lucky. It gives me great hope to see that the big corporations are re-investing and avoiding income tax. It's not like the CEOs are avoiding it so quit yer whining. |
| GodFrequency User ID: 4618962 United States11/04/2011 01:13 PM Report Abusive Post Report Copyright Violation | Re: TAX DODGERS EXPOSED! 280 of America’s most profitable companies: 78 of them paid no federal income tax / 30 enjoyed a negative income tax rate WOOO HOOO. Good for them, they have realized their slavery and have started to refuse to pay for it. This is a great thing. Damn all those companies finally standing up and leading a legit tax revolution, that is so brave of them. We should all follow their example! FREEDOM!  Last Edited by GodFrequency on 11/04/2011 01:15 PM |
| GodFrequency User ID: 4618962 United States11/04/2011 01:16 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1592737  Canada11/04/2011 01:17 PM Report Abusive Post Report Copyright Violation | |
| GodFrequency User ID: 4618962 United States11/04/2011 01:17 PM Report Abusive Post Report Copyright Violation | Re: TAX DODGERS EXPOSED! 280 of America’s most profitable companies: 78 of them paid no federal income tax / 30 enjoyed a negative income tax rate According to an IRS study last year, Government employees and federal retirees owed a staggering $3.3 billion dollars in delinquent tax payments to the government. Yet more leaders in the Tax revolution! Last Edited by GodFrequency on 11/04/2011 01:18 PM |
| GodFrequency User ID: 4618962 United States11/04/2011 01:19 PM Report Abusive Post Report Copyright Violation | |
| GodFrequency User ID: 4618962 United States11/04/2011 01:22 PM Report Abusive Post Report Copyright Violation | |
| GodFrequency User ID: 4618962 United States11/04/2011 01:25 PM Report Abusive Post Report Copyright Violation | Re: TAX DODGERS EXPOSED! 280 of America’s most profitable companies: 78 of them paid no federal income tax / 30 enjoyed a negative income tax rate Just coincidentally, these are the same companies that gave huge amounts of payola to the Obama campaign. Quoting: WalkersEverywhere Equally coincidentally, these same companies have all received Obama-care waivers. Exactly! On top of just not paying! Some actually got the money you paid in in the form of bailouts! Corporate Welfare. OUCH! This is not capitalism, it is fascism!  |
| GodFrequency User ID: 4618962 United States11/04/2011 01:27 PM Report Abusive Post Report Copyright Violation | Re: TAX DODGERS EXPOSED! 280 of America’s most profitable companies: 78 of them paid no federal income tax / 30 enjoyed a negative income tax rate This begs the question. Why are we still paying. If your super rich you don't pay. If you game the system and pop babies you get paid. This system as it stands is broken. Those doing the work are getting screwed! |
| Anonymous Coward User ID: 4572064 United States11/04/2011 01:32 PM Report Abusive Post Report Copyright Violation | Re: TAX DODGERS EXPOSED! 280 of America’s most profitable companies: 78 of them paid no federal income tax / 30 enjoyed a negative income tax rate This list is who the OWS should be targeting along with the Government who fails to change the tax code because the lobbyists are in the pockets of our congressmen/women. THANKS FOR NOTHING GOVERNMENT! OWS is a joke...Wanna create jobs? Burn down these corporate headquarters so they have to pay to have them rebuilt. Then burn 'em down again...There are no repercussions for their actions, so why would they change a thing? Are they really supposed to be coerced by a bunch of gay hippies holding hands and singing with no demands or goals in the first place? Verizon makes over 12 billion, then makes more after being taxed..so I guess I'll go hold a sign and show my displeasure with the fact that they lie to my face everyday. Nothing will change until the American people decide to grow some balls and actually force change. Passive aggressive won't work on people that bomb entire towns and burn down their own buildings just because they can... |
| Anonymous Coward User ID: 1482432 United States11/04/2011 01:36 PM Report Abusive Post Report Copyright Violation | Re: TAX DODGERS EXPOSED! 280 of America’s most profitable companies: 78 of them paid no federal income tax / 30 enjoyed a negative income tax rate Corporations do NOT pay Taxes!! The PEOPLE are the only ones that really pay Taxes!! For businesses TAXES ARE MERELY A PASS THROUGH COST that goes into their product costing, just like electricity does, like employee salaries do, like raw materials costs do, etc. etc.. I wish people would get this ridiculous notion out of their heads that Corporations "PAY" taxes. All they do is take the tax expense and pass it onto the consumers of their products!! while maintaining industry standard (for that industry) Rates of Return (as determined by the stock and bond markets - ie: profits go up, stock price goes up so that the ROR remains the same) SHEESH ... what a bunch of stupid people actually thinking the Corporations "PAY" taxes!! (no matter what the tax rate is) Old Trader |
| NowUNoIT (OP) User ID: 1474586 United States11/04/2011 01:46 PM Report Abusive Post Report Copyright Violation | Re: TAX DODGERS EXPOSED! 280 of America’s most profitable companies: 78 of them paid no federal income tax / 30 enjoyed a negative income tax rate good for them1 we should ALL be so lucky. It gives me great hope to see that the big corporations are re-investing and avoiding income tax. It's not like the CEOs are avoiding it so quit yer whining. Quoting: Anonymous Coward 1524241 You me re-locating don't you? Re-locating JOBS out of USA Oh and the CEO's are avoiding the tax, why does FED-EX pay less tax then UPS? Becaus they have better tax advisors who know how to avoid, which taxes. |
| Anonymous Coward User ID: 1382487 United States11/04/2011 02:45 PM Report Abusive Post Report Copyright Violation | Re: TAX DODGERS EXPOSED! 280 of America’s most profitable companies: 78 of them paid no federal income tax / 30 enjoyed a negative income tax rate FULL REPORT: [link to ctj.org] Quoting: NowUNoIT 1474586 The average effective tax rate for all 280 companies in the study over the three year period was 18.5 percent; for the period 2009-2010 it was 17.3 percent, less than half the statutory rate of 35 percent. * 78 of the companies enjoyed at least one year in which their federal income tax was zero or less. * 30 companies enjoyed a negative income tax rate over the entire three year period on their combined pre-tax profits of $160 billion. * Total tax subsidies given to all 280 profitable corporations amounted to $222.7 billion from 2008-2010. * Wells Fargo tops the list of 280 U.S. corporations receiving the most in tax subsidies, getting nearly $18 billion in tax breaks from the U.S. treasury in the last three years. * Pepco Holdings had the lowest effective tax rate of all the companies in the study, at negative 57.6 percent over the three year period. Some companies within sectors fare worse than others. For example, the report finds that FedEx paid a 0.9 percent tax rate over the three year period while its competitor, UPS, paid a 24.1 percent rate. * While retailers and wholesalers in the study generally pay average effective tax rates of about 30 percent, Amazon.com paid a rate of only 7.9 percent on its $1.8 billion in profits from 2008-2010. Full Press Release: [link to www.ctj.org] Basically if ANYONE OF YOU PAID ANY US FEDERAL TAXES in the past 3 years, you paid MORE than: (78 Companies Paying Zero Tax or Less in at Least One Year, 2008–2010 - there may be a couple missing below but see full report) Ameren American Electric Power Apache Atmos Energy Baxter International Boeing Capital One Financial Casey's General Stores CenterPoint Energy Chesapeake Energy Cliffs Natural Resources CMS Energy Computer Sciences Consolidated Edison Con-way Corning Dean Foods Deere Domtar Duke Energy DuPont Eastman Chemical El Paso Eli Lilly Entergy Exxon Mobil FedEx FirstEnergy FMC Technologies General Electric Goldman Sachs Group H.J. Heinz Halliburton Health Management Associates Hewlett-Packard Holly Honeywell International Ingram Micro Insight Enterprises Integrys Energy Group International Paper Interpublic Group Marathon Oil Mattel Merck Navistar International NextEra Energy NiSource NYSE Euronext Occidental Petroleum Omnicare Paccar Pantry Peabody Energy Pepco Holdings PG&E Corp. PNC Financial Services Group PPL Progress Energy R.R. Donnelley & Sons Reinsurance Group of America Reliance Steel & Aluminum Rockwell Automation Ryder System Scana Sempra Energy Southwest Airlines SPX 90 State Street Corp. Tenet Healthcare Time Warner Verizon Communications Wells Fargo Wisconsin Energy Xcel Energy Yahoo Yum Brands This pails in comparison to the millions of American citizens that pay no taxes. These company's don't even put a dent in what the 'people' owe in taxes. It's funny how those are the people pointing the finger at big corporation while they collect their welfare checks. |
| Anonymous Coward User ID: 4148142 United States11/04/2011 02:54 PM Report Abusive Post Report Copyright Violation | Re: TAX DODGERS EXPOSED! 280 of America’s most profitable companies: 78 of them paid no federal income tax / 30 enjoyed a negative income tax rate FULL REPORT: [link to ctj.org] Quoting: NowUNoIT 1474586 The average effective tax rate for all 280 companies in the study over the three year period was 18.5 percent; for the period 2009-2010 it was 17.3 percent, less than half the statutory rate of 35 percent. * 78 of the companies enjoyed at least one year in which their federal income tax was zero or less. * 30 companies enjoyed a negative income tax rate over the entire three year period on their combined pre-tax profits of $160 billion. * Total tax subsidies given to all 280 profitable corporations amounted to $222.7 billion from 2008-2010. * Wells Fargo tops the list of 280 U.S. corporations receiving the most in tax subsidies, getting nearly $18 billion in tax breaks from the U.S. treasury in the last three years. * Pepco Holdings had the lowest effective tax rate of all the companies in the study, at negative 57.6 percent over the three year period. Some companies within sectors fare worse than others. For example, the report finds that FedEx paid a 0.9 percent tax rate over the three year period while its competitor, UPS, paid a 24.1 percent rate. * While retailers and wholesalers in the study generally pay average effective tax rates of about 30 percent, Amazon.com paid a rate of only 7.9 percent on its $1.8 billion in profits from 2008-2010. Full Press Release: [link to www.ctj.org] Basically if ANYONE OF YOU PAID ANY US FEDERAL TAXES in the past 3 years, you paid MORE than: (78 Companies Paying Zero Tax or Less in at Least One Year, 2008–2010 - there may be a couple missing below but see full report) Ameren American Electric Power Apache Atmos Energy Baxter International Boeing Capital One Financial Casey's General Stores CenterPoint Energy Chesapeake Energy Cliffs Natural Resources CMS Energy Computer Sciences Consolidated Edison Con-way Corning Dean Foods Deere Domtar Duke Energy DuPont Eastman Chemical El Paso Eli Lilly Entergy Exxon Mobil FedEx FirstEnergy FMC Technologies General Electric Goldman Sachs Group H.J. Heinz Halliburton Health Management Associates Hewlett-Packard Holly Honeywell International Ingram Micro Insight Enterprises Integrys Energy Group International Paper Interpublic Group Marathon Oil Mattel Merck Navistar International NextEra Energy NiSource NYSE Euronext Occidental Petroleum Omnicare Paccar Pantry Peabody Energy Pepco Holdings PG&E Corp. PNC Financial Services Group PPL Progress Energy R.R. Donnelley & Sons Reinsurance Group of America Reliance Steel & Aluminum Rockwell Automation Ryder System Scana Sempra Energy Southwest Airlines SPX 90 State Street Corp. Tenet Healthcare Time Warner Verizon Communications Wells Fargo Wisconsin Energy Xcel Energy Yahoo Yum Brands This pails in comparison to the millions of American citizens that pay no taxes. These company's don't even put a dent in what the 'people' owe in taxes. It's funny how those are the people pointing the finger at big corporation while they collect their welfare checks. not even close to true. |
| Anonymous Coward User ID: 1382487 United States11/04/2011 02:58 PM Report Abusive Post Report Copyright Violation | Re: TAX DODGERS EXPOSED! 280 of America’s most profitable companies: 78 of them paid no federal income tax / 30 enjoyed a negative income tax rate FULL REPORT: [link to ctj.org] Quoting: NowUNoIT 1474586 The average effective tax rate for all 280 companies in the study over the three year period was 18.5 percent; for the period 2009-2010 it was 17.3 percent, less than half the statutory rate of 35 percent. * 78 of the companies enjoyed at least one year in which their federal income tax was zero or less. * 30 companies enjoyed a negative income tax rate over the entire three year period on their combined pre-tax profits of $160 billion. * Total tax subsidies given to all 280 profitable corporations amounted to $222.7 billion from 2008-2010. * Wells Fargo tops the list of 280 U.S. corporations receiving the most in tax subsidies, getting nearly $18 billion in tax breaks from the U.S. treasury in the last three years. * Pepco Holdings had the lowest effective tax rate of all the companies in the study, at negative 57.6 percent over the three year period. Some companies within sectors fare worse than others. For example, the report finds that FedEx paid a 0.9 percent tax rate over the three year period while its competitor, UPS, paid a 24.1 percent rate. * While retailers and wholesalers in the study generally pay average effective tax rates of about 30 percent, Amazon.com paid a rate of only 7.9 percent on its $1.8 billion in profits from 2008-2010. Full Press Release: [link to www.ctj.org] Basically if ANYONE OF YOU PAID ANY US FEDERAL TAXES in the past 3 years, you paid MORE than: (78 Companies Paying Zero Tax or Less in at Least One Year, 2008–2010 - there may be a couple missing below but see full report) Ameren American Electric Power Apache Atmos Energy Baxter International Boeing Capital One Financial Casey's General Stores CenterPoint Energy Chesapeake Energy Cliffs Natural Resources CMS Energy Computer Sciences Consolidated Edison Con-way Corning Dean Foods Deere Domtar Duke Energy DuPont Eastman Chemical El Paso Eli Lilly Entergy Exxon Mobil FedEx FirstEnergy FMC Technologies General Electric Goldman Sachs Group H.J. Heinz Halliburton Health Management Associates Hewlett-Packard Holly Honeywell International Ingram Micro Insight Enterprises Integrys Energy Group International Paper Interpublic Group Marathon Oil Mattel Merck Navistar International NextEra Energy NiSource NYSE Euronext Occidental Petroleum Omnicare Paccar Pantry Peabody Energy Pepco Holdings PG&E Corp. PNC Financial Services Group PPL Progress Energy R.R. Donnelley & Sons Reinsurance Group of America Reliance Steel & Aluminum Rockwell Automation Ryder System Scana Sempra Energy Southwest Airlines SPX 90 State Street Corp. Tenet Healthcare Time Warner Verizon Communications Wells Fargo Wisconsin Energy Xcel Energy Yahoo Yum Brands This pails in comparison to the millions of American citizens that pay no taxes. These company's don't even put a dent in what the 'people' owe in taxes. It's funny how those are the people pointing the finger at big corporation while they collect their welfare checks. not even close to true. 48% of Americans DONT pay ANY taxes. Fact. |
| Anonymous Coward User ID: 1551483 United States11/04/2011 03:01 PM Report Abusive Post Report Copyright Violation | Re: TAX DODGERS EXPOSED! 280 of America’s most profitable companies: 78 of them paid no federal income tax / 30 enjoyed a negative income tax rate They're leading a tax revolution! Quoting: GodFrequency WOOO HOOO. Good for them, they have realized their slavery and have started to refuse to pay for it. This is a great thing. Damn all those companies finally standing up and leading a legit tax revolution, that is so brave of them. We should all follow their example! FREEDOM! Troll. |
| Anonymous Coward User ID: 1551483 United States11/04/2011 03:03 PM Report Abusive Post Report Copyright Violation | Re: TAX DODGERS EXPOSED! 280 of America’s most profitable companies: 78 of them paid no federal income tax / 30 enjoyed a negative income tax rate Not true. 48% of Americans do not pay federal income tax. They all pay Social Security Tax and medicare taxes. They pay property taxes to state and local governments. THey pay Fuel taxes. Vehicle licensing taxes. OH what else? Fuck you. |
