April 13, 2012
ilovecharts: 10 Big Companies That Pay No Taxes (and Their Favorite Politicians) Between 2008 and 2011, 26 major American corporations paid no net federal income taxes despite bringing in billions in profits, according to a new report (PDF) from the nonprofit research group Citizens for Tax Justice. CTJ calculates that if the companies had paid the full 35 percent corporate tax rate, they would have put more than $78 billion into government coffers. Here’s a look at the 10 most profitable tax evaders and the politicians their CEOs, employees, and PACs give the most money to. Click through to see them all! Corporations cannot make contributions to campaign committees. these are donations from employees of these companies to politicians and perhaps also the $5,000 that the companies’ PAC can directly donate, which is also funded totally by employees. Also, if I were Obama and considered the billions GE got in the ARRA, I would be fucking furious that Romney had cashed in more than I had. 

ilovecharts:

10 Big Companies That Pay No Taxes (and Their Favorite Politicians)

Between 2008 and 2011, 26 major American corporations paid no net federal income taxes despite bringing in billions in profits, according to a new report (PDF) from the nonprofit research group Citizens for Tax Justice. CTJ calculates that if the companies had paid the full 35 percent corporate tax rate, they would have put more than $78 billion into government coffers.

Here’s a look at the 10 most profitable tax evaders and the politicians their CEOs, employees, and PACs give the most money to.

Click through to see them all!

Corporations cannot make contributions to campaign committees. these are donations from employees of these companies to politicians and perhaps also the $5,000 that the companies’ PAC can directly donate, which is also funded totally by employees.

Also, if I were Obama and considered the billions GE got in the ARRA, I would be fucking furious that Romney had cashed in more than I had. 

11:09am  |   URL: http://tmblr.co/ZmCeYyJbEFfP
(Notes: 229)
  
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    Makes me so angry. And not even at the corporations—at the system we live in, where a company can get away with this...
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