it is an 89 yr old woman who needs food stamps, and if she is Black then that just makes it much worse.

They are the problem, the POOR are the problem, remember Scott Walker in WI agreeing with the Woman who has THREE BILLION dollars that paying people good wages is a big problem, allowing them collective bargaining rights was the problem in AMERICA


ARE

YOU

ANGRY

YET?

It's all part of the income inequality problem. Corporations are out of control... or more to the point, gaining too much control.

that for profit companies should provide necessities, charge as much as they want, and if you cant pay for your water, fuck you and die

I fear america wont grow up and grow out of their stupid capitalism ideas until they suffer great pain

You are calling municipal entities "corporations" and you're being called on it.

A town's water department is NOT Verizon. They don't have the same charge, structure or purpose.

And it has nothing to do with "Wall Street" when someone doesn't pay their water bill.

As publicly held companies, these corporations have a fiduciary responsibility to maximize the investment returns of shareholders, any one of which could sue them for paying taxes if legal tax avoidance strategies exist, which of course they do, because the greedy one percenters have insured that they exist.

It's easy to decry this as "immoral" or even as somehow "illegal," but that's useless. In fact, we have created a situation in which morality and legality have been turned on their heads to serve the greed and self interest of the wealthy. In the economic system within which these corporations operate, it is immoral to do anything other than to maximize profits. They're doing nothing wrong at all-- instead, they are paragons of success.

Sanders is right, but he doesn't tell the whole story. The only way to resolve this problem is to change the meaning of business success.

Suddenly, shareholder value is INCREASED by paying taxes.

I think i would be very legally defensible for a large corporation to, say pay a living wage to employees, or to play be the same tax rules as everyone else.

...from last year: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/09/09/how-the-cult-of-shareholder-value-wrecked-american-business/

is going to sell one of our most important firm , Alstom, to GE.......Shame on this tax evader's firm, and shame on my so -called Socialist govt.

That is all

This is just fucking stupid. A ploy to get us worked up over something that is, deeply irrelevant.

78 Billion dollars seems like a lot of money, right? We should be fucking OUTRAGED that they have so much money! They haven't paid any taxes! OUTRAGE!!!!

Well then there is math. Math is science. It's root is in logic. So let's do some.

"Since 2008" is 5 years. $78b /5 and we have $15.6b per year.

Now we apply the 35% federal income tax rate for corporations: $5.46b

So if we were to tax these corporations at their maximum tax rate, we would have enough to fund the government for about 12 hours.

The budget deficit for 2013 was $680b. So taxing these corporations at their maximum level would have reduced it by about .8%.

But what does that mean? Well that means that it doesn't FUCKING MATTER how much 3 corporations paid in taxes.

This is just to get you worked up about something. Are you going to fall for it?

But they still want it and if I don't pay I go to jail.

I'll take their 12 hours. Thank you much

Signed,

I Give A Fuck

This is the most ridiculous argument I have ever heard ...

Precisely.

Herps a derp derp.

Derp derp.

Here is one report about 288 companies and their effective tax rate over a 5 year period. (far more at the link provided below)

In summary:

I say when a corporation sells something in the USA, the company pays taxes on that sale ... that is the only way to stop this insanity.

I'm glad I don't have high blood pressure but my gut isn't doing too great right now.

The amount owed should be greater than you figure.

May I ask? Who is paying the taxes if these large corporations (and the OP names only a few of the corporations that don't pay the taxes they should)? Do you think our government does even as well as it does on the taxes of the many Americans making minimum wage?

Are you suggesting that a disproportionate share of taxes collected are paid by companies, often small businesses, that do all their business in the US and have a hard time hiding profits overseas. That would include your plumber's little company, your medical doctors who gets their pay from billing you and other patients, the car repair shop and other small businesses that don't have accounts in the Caymans.

Does it seem fair to you that GE, which last I heard owned MSNBC pays nothing, while the companies of your plumber. electrician. doctor or lawyer pay lots?

the few companies in the OP's infographic.

A LOT more. Obviously nobody wants to just tax those companies at a higher rate, we want the tax code repaired such that NO company can escape its fair share.

So, no, I'm not falling for it, as the infographic shows it, I'm looking to the principle behind it.

It's principle.

Ex-Im is going to be a major deal come budget time and likely lead to a government shut-down.

WASHINGTON -- Congress is gearing up for another government shutdown, this time over a minor federal agency that most Americans have never heard of: the Export-Import Bank.

Ex-Im, as it's known in Capitol Hill parlance, provides cheap loans to foreign companies who want to buy U.S.-manufactured goods, particularly Boeing airplanes. The agency has limited macroeconomic significance, but its very existence has ignited a holy war within the Republican Party, where hardliners view the bank as an exercise in corporate welfare.

Earnings before tax 2011 - $5.393 Billion, Taxes 2011 - $1.382 Billion, Net Earnings 2011 - $4.011 Billion, Tax Rate 25.6%
EBT 2012 - $5.910 Billion, Taxes 2012 - $2.007 Billion, Net Earnings 2012 - $3.903 Billion, Tax Rate 34%
EBT 2013 - $6.232 Billion, Taxes 2013 - $1.646 Billion, Net Earnings 2013 - $4.586 Billion, Tax Rate 26.4%

Page 22 - https://materials.proxyvote.com/Approved/097023/20140227/AR_195723/#/34/

I don't know about the other 2 companies.

corporations, for a few measly million, bought the DC politicians that write the tax code, the regulations, the budgets of the regulatory agencies that enforce (NOT) the regulations, and award the contracts (except military contracts where they provide post military employment)! They got the judges elected and they own the media who redirect our anger to the defenseless using OUR airwaves!

People, in order to make this stop we have to (I will borrow a word from the Rude One's vocabulary)

WAKE THE FUCK UP

DEMAND COMPLETE CAMPAIGN FINANCE REFORM AND PUBLICLY FUNDED ELECTIONS!!!

Sanders / Warren 2016!!!!!

Tax breaks? Who cares? We GAVE OVER $10 TRILLION to the banks during that same time.

Go ask your local Goldman Sachs for an interest free loan and let them explain it to you.

I totally agree with Bernie.