Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 4 (4 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Stats   18 comments

OpEdNews Op Eds

My Corporation Didn't Pay Taxes, But My Modest Salary Picked Up The Slack

By (about the author)     Permalink       (Page 1 of 1 pages)
Related Topic(s): ; ; ; ; ; ; , Add Tags Add to My Group(s)

View Ratings | Rate It

opednews.com Headlined to H3 8/18/08

Become a Fan
  (1 fan)
Several years ago I was summoned from my post as copy chief of Ladies’ Home Journal to the executive floor to sit in for the corporate secretary so that she could go to lunch.  It was an unusual one-time request, and I had an extraordinary experience while I sat in her chair. 

A file arrived from the company’s accountant, and out of idle curiosity (a trait of mine) I took a look.  It was a gleeful letter to the publisher, bragging that once again the man had managed to file taxes for the corporation showing it owed no income taxes. 

I was a single mom of three, making about $15,000 a year (this was in the mid-’70s, in a mini-recession), and having federal, state and city income taxes taken out of my paycheck.  I realized in a flash that I was paying for the things my company was not: I was paying for the daily sweeping of the street in front of our building, for the policeman who walked the beat, for the garbage pickup, for the fireman who would rush to our help if needed.  In a wider net, I was paying for schools, public transportation, national defense. What was I NOT paying for? 

And this was at a time when Ronald Reagan canceled school breakfasts for kindergarten and first grade, a boon that had allowed me to leave my youngest child at the classroom door and ride my bicycle down through Central Park to work. 

The accountant added that in spite of not showing a profit, the company managed to pay a bonus of $25,000 to a few executives, to compensate them for the generally poor benefits the company offered.  If the minimum-pay young kitchen workers in the food department developed health problems, too bad. 

According to the GAO report released last Tuesday, one in four large U.S. corporations paid no taxes on revenue of $1.1 trillion in 2005.   The tax code allows corporations to claim a long list of deductions, write-offs, operating losses and tax credits.  And some politicians are calling for lowering the corporate tax rate! 

Byron Dorgan (D-N.D.) said, “It’s shameful that so many corporations make big profits and pay nothing to support our country.  The tax system that allows this wholesale tax avoidance is an embarrassment and unfair to hardworking Americans who pay their fair share of taxes.” 

Amen.

 

www.marthamoffett.com

Martha Moffett is a freelance writer living inSouth Florida.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

Go To Commenting
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

My Corporation Didn't Pay Taxes, But My Modest Salary Picked Up The Slack

Queen of the Fabricated Memoir

Cindy McCain onstage

A reservation at the Taj Mahal Hotel

Conversation with friends Sunday, Dec. 21.

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
9 people are discussing this page, with 18 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)
And it's very difficult to read the US Federal... by August Adams on Monday, Aug 18, 2008 at 8:41:13 PM
I meant to say that the wealthy pay a disproportio... by August Adams on Tuesday, Aug 19, 2008 at 1:44:26 PM
www.alternet.com The Great Corporate Tax Heist By ... by Harold Hellickson on Monday, Aug 18, 2008 at 11:13:47 PM
No matter what the corporate income tax rate, corp... by steve keller on Tuesday, Aug 19, 2008 at 12:19:03 AM
Libertarian philosophy is untested, unproven. One ... by Rob Kall on Tuesday, Aug 19, 2008 at 11:15:53 AM
Yes, corporations do use public services, but they... by steve keller on Tuesday, Aug 19, 2008 at 3:23:48 PM
There's ample historical precedent for liberta... by Darren Wolfe on Tuesday, Aug 19, 2008 at 4:38:59 PM
Rob, you are ABSOLUTELY CORRECT!  Untested...... by steve scheetz on Wednesday, Aug 20, 2008 at 9:46:43 AM
I see you want to leave me holding the bag--or, li... by Martha Moffett on Tuesday, Aug 19, 2008 at 10:03:34 AM
Corporations have never paid any taxes. It is impo... by M. Bennett on Tuesday, Aug 19, 2008 at 4:09:51 PM
Corporations have never paid any taxes. It is impo... by M. Bennett on Tuesday, Aug 19, 2008 at 4:14:29 PM
Nobody should pay them. Rather than repeat myself,... by Darren Wolfe on Tuesday, Aug 19, 2008 at 4:40:38 PM
Hey, guys, speak to this point: Corporations insis... by Martha Moffett on Tuesday, Aug 19, 2008 at 5:29:04 PM
I guess you mean me.I can't speak for corporat... by Darren Wolfe on Tuesday, Aug 19, 2008 at 9:31:45 PM
I'm not sure what you mean when you say corpor... by steve keller on Tuesday, Aug 19, 2008 at 11:46:39 PM
Well, since corporations cannot pay taxes, only co... by M. Bennett on Wednesday, Aug 20, 2008 at 6:50:24 AM
Well, NOT taxing corportions at all might be a ver... by Jill Herendeen on Wednesday, Aug 20, 2008 at 4:50:13 PM
However, while some gov't spending is nec... by Jill Herendeen on Wednesday, Aug 20, 2008 at 9:49:34 PM