Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

L0oniX

(31,493 posts)
Fri May 8, 2015, 02:30 PM May 2015

Good Times - The Day Bernie Sanders Exposed 18 Top Corporate Tax Dodgers

http://www.dailykos.com/story/2015/05/08/1356547/-Good-Times-The-Day-Bernie-Sanders-Exposed-18-Top-Corporate-Tax-Dodgers?detail=facebook_sf



These are some of the same CEOs who head corporations that:
*received a total taxpayer bailout of more than $2.5 trillion from the Federal Reserve and the Treasury Department and nearly caused the economy to collapse just four years ago;
*outsourced hundreds of thousands of American jobs to China and other low wage countries, forcing their workers to receive unemployment insurance and other federal benefits;

*avoided at least $34.5 billion in taxes by setting up more than 600 subsidiaries in the Cayman Islands, Bermuda, and other offshore tax havens since 2008;

*and a dozen of these companies paid no corporate income taxes in at least one year since 2008, while receiving more than $6.4 billion in tax refunds from the IRS, after making billions in profits.

In other words, these are some of the same people who have significantly caused the deficit to explode over the last four years.


1. Bank of America CEO Brian Moynihan
Amount of federal income taxes paid in 2010? Zero. $1.9 billion tax refund.

2. Goldman Sachs CEO Lloyd Blankfein
Amount of federal income taxes paid in 2008? Zero. $278 million tax refund.

3. JP Morgan Chase CEO James Dimon
Taxpayer Bailout from the Federal Reserve and the Treasury Department? $416
billion.

4. General Electric CEO Jeffrey Immelt
Amount of federal income taxes paid in 2010? Zero. $3.3 billion tax refund.

5. Verizon CEO Lowell McAdam
Amount of federal income taxes paid in 2010? Zero. $705 million tax refund.

6. Boeing CEO James McNerney, Jr.
Amount of federal income taxes paid in 2010? None. $124 million tax refund.

8). Honeywell International CEO David Cote
Amount of federal income taxes paid from 2008-2010? Zero. $34 million tax refund.

7. Microsoft CEO Steve Ballmer
Amount of federal income taxes Microsoft would have owed if offshore tax havens
were eliminated? $19.4 billion.

9. Corning CEO Wendell Weeks
Amount of federal income taxes paid from 2008-2010? Zero. $4 million tax refund.

10. Time Warner CEO Glenn Britt
Amount of federal income taxes paid in 2008? Zero. $74 million tax refund.

11. Merck CEO Kenneth Frazier
Amount of federal income taxes paid in 2009? Zero. $55 million tax refund.

12. Deere & Company CEO Samuel Allen
Amount of federal income taxes paid in 2009? Zero. $1 million tax refund.

13. Marsh & McLennan Companies CEO Brian Duperreault Amount of federal income taxes paid in 2010? Zero. $90 million refund.

14. Qualcomm CEO Paul Jacobs
Amount of federal income taxes Qualcomm would have owed if offshore tax havens
were eliminated? $4.7 billion.

15. Tenneco CEO Gregg Sherill
Amount of federal income taxes Tenneco would have owed if offshore tax havens
were eliminated? $269 million.

16. Express Scripts CEO George Paz
Amount of federal income taxes Express Scripts would have owed if offshore tax
havens were eliminated? $20 million.

17. Caesars Entertainment CEO Gary Loveman
Amount of federal income taxes Caesars Entertainment would have owed if offshore
tax havens were eliminated? $9 million.

18. R.R. Donnelly & Sons CEO Thomas Quinlan III
Amount of federal income taxes paid in 2008? Zero. $49 million tax refund.

PDF of source document ---> https://www.sanders.senate.gov/imo/media/doc/102512%20-%20JobDestroyers3.pdf
20 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Good Times - The Day Bernie Sanders Exposed 18 Top Corporate Tax Dodgers (Original Post) L0oniX May 2015 OP
The dumb shit. Jackpine Radical May 2015 #1
So I should not have posted an anti-Hillary op. Got it. L0oniX May 2015 #2
Please pin this BrotherIvan May 2015 #3
I've gotten complaints about what all those pinned threads look like on mobile. L0oniX May 2015 #4
Thats a good idea BrotherIvan May 2015 #6
Good thinking..... daleanime May 2015 #7
K&R SamKnause May 2015 #5
K&R..... daleanime May 2015 #8
Kick. nt Ilsa May 2015 #9
Ugh...it's just sickening. SoapBox May 2015 #10
If you like that, then listen to Max Keiser and Stacy Herbert. Great econ info. Gregorian May 2015 #12
knR n bookmarked for use nt chknltl May 2015 #11
. bunnies May 2015 #13
How the hell do they get away with this? RoccoR5955 May 2015 #14
But they're the job creators. Besides we need to cut Social Security. Enthusiast May 2015 #15
I think this great, what Bernie did Andy823 May 2015 #16
We have to find a way to make this work for us. bvar22 May 2015 #19
K & R !!! WillyT May 2015 #17
Man! heaven05 May 2015 #18
K&R!!!! n/t Michigan-Arizona May 2015 #20

BrotherIvan

(9,126 posts)
3. Please pin this
Fri May 8, 2015, 02:57 PM
May 2015

I want to have it in the arsenal to share with people. It really hits home. I have a lot of people who care about education. Imagine if we just cut out the refunds and put it to education???

 

L0oniX

(31,493 posts)
4. I've gotten complaints about what all those pinned threads look like on mobile.
Fri May 8, 2015, 03:03 PM
May 2015

I want to consolidate another pinned thread but haven't figured out what to do yet.

BrotherIvan

(9,126 posts)
6. Thats a good idea
Fri May 8, 2015, 03:15 PM
May 2015

I thought there was a master pin thread where you could just comment and put up a link to picture, video, article, etc. If not, there should be one. Doesn't need comments, just a warehouse for good info to share. Sometimes it's hard to find when you want it. And since all of us are now talking to family and friends, it's good to have it all in the same place.

I just told a close family friend that I will disown her if she doesn't vote for Sanders. Cracked her the hell up but it worked. She would have been on board anyway.

Gregorian

(23,867 posts)
12. If you like that, then listen to Max Keiser and Stacy Herbert. Great econ info.
Fri May 8, 2015, 04:13 PM
May 2015

I remember hearing things on their show years ago that I thought were absurd, until they happened.

 

RoccoR5955

(12,471 posts)
14. How the hell do they get away with this?
Fri May 8, 2015, 04:30 PM
May 2015

This is a crime, whether or not it's against the law.

Andy823

(11,555 posts)
16. I think this great, what Bernie did
Fri May 8, 2015, 05:21 PM
May 2015

Now how do we stop this kind of thing, or even better how do we go back and get what they have been hiding in tax havens offshore? Don't we need control of congress before anything can happen? Laws need to be passed and as long as the republicans are in charge of both houses of congress, nothing is going to change. I hope Bernie has a plan to make sure we take control of at least the Senate in 2016. One thing I know for sure republicans are NOT going to help in at all if he becomes president, just like the won't help any democratic president.

In the meantime this list should be sent to everyone we know since the MSM is not going to do a damn thing about making it public!
Also I hope Bernie keeps on exposing these crooks for what they really are!

bvar22

(39,909 posts)
19. We have to find a way to make this work for us.
Sat May 9, 2015, 03:07 PM
May 2015

Maybe if we offered a 10% (hell, 50%) recovery reward,
people will start snitching,
and uncovering hidden stashes.

The way to make this work is to have the underlings turn on their bosses.

 

heaven05

(18,124 posts)
18. Man!
Fri May 8, 2015, 05:46 PM
May 2015

All I need is 15-20000 to get my life together. Because of foreclosure and bankruptcy, I can't get a goddamn dime to help me even pay for my cats surgery. Oh I forgot, I'm not one of the privileged ones.....of this society....so fuck it!!!!!!!!!!!

Latest Discussions»Retired Forums»Bernie Sanders»Good Times - The Day Bern...