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You Have More Money in Your Wallet Than Bank of America Pays in Federal Taxes

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edhopper Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-11 06:41 PM
Original message
You Have More Money in Your Wallet Than Bank of America Pays in Federal Taxes

"In an interview with In These Times, Carl Gibson, the founder of US Uncut, which is organizing some of today’s UK-inspired massive demonstrations against tax dodgers, explains that while ordinary Americans are being asked to sacrifice, major corporations continue to use the rigged tax code to avoid paying any federal taxes at all. As he says, if you have “one dollar” in your wallet, you’re paying more than the “combined income tax liability of GE, ExxonMobil, Citibank, and the Bank of America“


http://www.truth-out.org/you-have-more-money-your-wallet-than-bank-america-pays-federal-taxes68094
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elias49 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-11 06:46 PM
Response to Original message
1. Oh I didn't need to hear this! nt
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-11 06:57 PM
Response to Reply #1
2. That was my reaction.
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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-11 06:58 PM
Response to Reply #1
3. That's why there should some serious social unrest going on
ANd Obama and every decmocratic needs to stop with
The austerity lies and get some comfortable shoes on.
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-11 06:59 PM
Response to Original message
4. They're people. Tax 'em like people.
Oh wait. Rich people don't pay taxes either.

Tax 'em like poor people!
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PA Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-11 07:13 PM
Response to Reply #4
7. They are only people when they want to buy politicians
under the guise of free speech. Must be nice to have all of the RIGHTS of citizenship but none of the RESPONSIBILITIES.
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Avant Guardian Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-11 06:59 PM
Response to Original message
5. How much does the Bank of America cost taxpayers?
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edhopper Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-11 07:11 PM
Response to Reply #5
6. Between regulation
and the massive bailout they got, I'd say billions.
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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-11 07:13 PM
Response to Original message
8. All I got in my wallet is moths. I am married
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snappyturtle Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-11 07:15 PM
Response to Original message
9. Tremendous article! Thank you. It's past time to rise up! nt
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LAGC Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-11 07:15 PM
Response to Original message
10. Corporate welfare?
I know Libertarians are against it, but something tells me the teabaggers aren't...
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rucky Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-11 07:19 PM
Response to Reply #10
11. They are.
Not sure about the politicians, but I just had a 3-hour debate yesterday with my teabagger father-in-law. It was the only thing we could agree on, and it's a damn good place to start if we're looking for common ground.
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edhopper Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-11 08:04 PM
Response to Reply #11
12. But the Republicans will never
get rid of it.
Since they are only using the Tea Baggers as a tool to push their corporate agenda further.
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rucky Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-11 08:24 PM
Response to Reply #12
13. Neither will Democrats. n/t
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edhopper Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-28-11 08:10 AM
Response to Reply #13
14. True that.
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