10 Big Companies That Pay No Taxes (and Their Favorite Politicians)


Mother Jones reports on the companies that dodge paying taxes but seem to have plenty of money for politicians.

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

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This entry was posted in Banking & Corporations, Corporate Personhood & Citizens United, Elections & Voting, Occupy, Uncategorized, Vultures & The 1% and tagged , , , . Bookmark the permalink.

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