It's Not That They're Crooks, It's The Fact All This Is Legal

Some 30 major US corporations have not paid taxes in 3 years.  They made $160 billion collectively.  You paid more taxes than they did.  All of that is 100% legal.  And they gained $10 billion collectively in tax credits.  Not only did they make plenty of money, as a US taxpayer, you gave them more money.

One of the driving forces behind the ongoing Occupy Wall Street protests is the fact that corporations have not been paying their fair share in taxes. A new report from Citizens for Tax Justice will no nothing to alleviate the protesters’ frustration.

CTJ looked at 280 companies, all of them members of the Fortune 500, and found that “while the federal corporate tax code ostensibly requires big corporations to pay a 35 percent corporate income tax rate, on average, the 280 corporations in our study paid only about half that amount.” And those who paid even half the statutory corporate tax rate paid far more than many of their competitors.

Here's the list:





Boeing, GE, Wells Fargo, even Mattel. Not a dime in taxes. But we gave $10 billion to these "job creators" over the last three years.  Republicans want to make this arrangement permanent.  GE alone got nearly $5 billion in tax credit over three years and made $10 billion on top of that.  Well Fargo got over half a billion in tax credit on top of the near $50 billion they made in the last three years.

But we don't dare tax the "job creators".  If we did why we might have an unemployment rate of 9 percent or something.