World-News

Pat Garofalo, ThinkProgress: ''Last year, Citizens for Tax Justice found that 30 major corporations had made billions of dollars in profits while paying no federal income tax between 2008 and 2010. Today, CTJ updated that report to reflect the 2011 tax bill of those 30 companies, and 26 of them have still managed to pay absolutely nothing over that four year period.''

http://truth-out.org/news/item/8432-twenty-six-major-corporations-paid-no-corporate-income-tax-for-the-last-four-years-despite-making-billions-in-profits

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What s the deal with our current tax system?

A full 22,000 households that made more than $1 million in 2009 paid less than 15 percent of their income in income taxes and 1,470 managed to pay no federal income taxes on their million-plus-dollar incomes, according to the IRS.

http://www.whitehouse.gov/economy/buffett-rule



10 Big Companies That Pay No Taxes and Their Favorite Politicians

By Gavin Aronsen

If the companies had paid the full 35 percent corporate tax rate, they would have put more than $78 billion into government coffers.

http://www.informationclearinghouse.info/article31074.htm



How To Become A Billionaire

By William K. Black

How to become a billionaire. The four necessary ingredients in the recipe for fraud.

http://www.informationclearinghouse.info/article31107.htm


From Information Clearing House



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=corporat
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=billion
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=tax+system
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=income+tax
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Pat+Garofalo
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Gavin+Aronsen
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