Friday, April 26, 2013

The Taxes Corporations Don't Pay

Would put 15 million Americans to work rebuilding our crumbling infrastructure, treat 10 million substance abusers thus eliminating the need for the war on terror, replace fossil fuels with renewable energy, expand Medicare to cover everybody in the country and get damn close to eliminating poverty.

From Firedoglake:

One “single tax break, for executive stock options” allowed Fortune 500 corporations to avoid paying $11.2 billion in income taxes in 2012. The top 25 benefiting during 2010-12:  Apple $3.2bn, Facebook $1.6bn, JP Morgan $1.1 bn, etc.
 Much more here.

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