Large US Corporations are “world leaders in tax avoidance”
Published January 28, 2012 at 2:37 pm - No Comments
Conservatives like to complain that the United States has the highest corporate taxes in the world, and they’re right . . . sort of. The problem is that very few large corporations pay anything like the top corporate tax rate, and many pay no taxes at all. If you look at actual taxes paid by [...]
Major companies spend more on lobbying than taxes
Published January 26, 2012 at 11:30 pm - 2 Comments
Two telling facts that explain how the income tax deck has been stacked against the middle class. First, Elisabeth Warren notes on the Daily Show (at index 17:00-18:30) that, “Thirty of the largest companies in the United States are now spending more on lobbying than they pay in Federal taxes1,” and, in his opening, John [...]
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