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Response to TampaAnimusVortex (Reply #48)

Sat Dec 19, 2015, 11:20 PM

62. You mean like these companies..?

 

"Twenty-six of the most powerful American corporations – such as Boeing, General Electric, and Verizon – paid no federal income tax from 2008 to 2012, according to a new report detailing how Fortune 500 companies exploit tax breaks and loopholes."

“Tax subsidies for the 288 companies over the five years totaled a staggering $364 billion, including $56 billion in 2008, $70 billion in 2009, $80 billion in 2010, $87 billion in 2011, and $70 billion in 2012,”

"Wells Fargo received the largest amount of tax subsidies - $21.6 billion - in the five-year period. The banking giant was joined in the top ten on that list by the likes of AT&T, ExxonMobil, J.P Morgan Chase, and Wal-Mart."

“Of those corporations in our sample with significant offshore profits, two thirds paid higher corporate tax rates to foreign governments where they operate than they paid in the U.S. on their U.S. profits,”

https://www.rt.com/usa/low-corporate-tax-rates-275/

A local company where I live...Boeing... got an $8.7 Billion (with a B) tax break from the state.

When I hear the words "market forces", I don't know whether to laugh or throw up a little in my mouth. When I hear the words "free market" I do both of those things.

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LineLineLineLineLineReply You mean like these companies..?
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