Friday, April 13, 2012
10 Big Companies That Pay No Taxes (and Their Favorite Politicians) | Mother Jones
10 Big Companies That Pay No Taxes (and Their Favorite Politicians) | Mother Jones
"Between 2008 and 2011, 26 major American corporations paid no net federal income taxes despite bringing in billions in profits, according to a new report (PDF) from the nonprofit research group Citizens for Tax Justice."
"Between 2008 and 2011, 26 major American corporations paid no net federal income taxes despite bringing in billions in profits, according to a new report (PDF) from the nonprofit research group Citizens for Tax Justice."
Here's a look at the 10 most profitable tax evaders and the politicians their CEOs, employees, and PACs give the most money to.
Verizon Communications
Profits: $19.8 billion Effective tax rate: -3.8%
Top recipients, 2011-2012
President Barack Obama: $51,493
Sen. Robert Menendez (D-NJ): $24,450
Sen. Mitch McConnell (R-Ky.): $23,700
Rep. John Boehner (R-Ohio): $22,500
Sen. Kirsten Gillibrand (D-NY): $15,000
General Electric
Profits: $19.6 billion Effective tax rate: -18.9%
Top recipients, 2011-2012
Mitt Romney: $53,750
President Barack Obama: $30,493
Sen. Scott Brown (R-Mass.): $23,900
Rep. Howard Berman (D-Calif.): $21,860
Rep. Chris Murphy (D-Conn.): $19,750
Courting the crossover vote in the recall primaries
Courting the crossover vote in the recall primaries
"The recall primary is shaping up as a game of strategy, with some backers of Gov. Scott Walker urging Republicans to vote for Democrat Kathleen Falk, who they think will be easier for Walker to beat in the general election than Milwaukee Mayor Tom Barrett.
No less than Senate Majority Leader Scott Fitzgerald has suggested that GOP voters might take their votes to the Democratic side.
"There's nothing to keep the Republicans from messing around," Fitzgerald recently told the Milwaukee Journal Sentinel." Read Full Article Here | Courting the crossover
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