Send a Tweet
Most Popular Choices
Share on Facebook 4 Share on Twitter 1 Printer Friendly Page More Sharing
Best Web OpEds   

Corporations That Pay No Federal Taxes starve our schools and other vital public services.; by Diane Ravitch

Author 40790
Follow Me on Twitter     Message Susan Lee Schwartz
Become a Fan
  (23 fans)
 '

Tax avoidance strategies of our riches corporations starve our schools and other vital public services. For decades, profitable companies have been able to avoid corporate taxes. But the list of those paying zero roughly doubled last year as a result of provisions in President Trump’s 2017 tax bill that expanded corporate tax breaks and reduced the tax rate on corporate income. Read a report that 60 Fortune 500 companies paid no federal taxes on $79 billion in corporate income last year.   Last year Amazon had an effective tax rate of below zero — receiving a rebate — on income of $10.8 billion. It’s a topic that several presidential candidates, led by Senators Bernie Sanders and Elizabeth Warren, have hammered recently as they travel the campaign trail.'

Read the rest of the story HERE:

At dianeravitch.net

 

Rate It | View Ratings

Susan Lee Schwartz Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Other Series: View All 217 Articles in "Ending democracy: end the institution of public schools"

Other Series: View All 397 Articles in "FRAUD & Mendacity."

Other Series: View All 20 Articles in "Grand Theft"

Other Series: View All 171 Articles in "legislature and governorsL false info- undoing education"

Other Series: View All 122 Articles in "Meddling Through Disinformation: Weaponizing LIES"

Other Series: View All 438 Articles in "PRIVITIZATION."

Other Series: View All 916 Articles in "Public ignorance & those who use this"

Other Series: View All 732 Articles in "Shameful"

Other Series: View All 176 Articles in "UTTER CONTEMPT"

Other Series: View All 186 Articles in "WEALTH"

Other Series: View All 486 Articles in "wrecking Ball"

Comments

The time limit for entering new comments on this quicklink 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.

1 people are discussing this page, with 1 comments


Susan Lee Schwartz

Become a Fan
Author 40790
(Member since Oct 25, 2009), 23 fans, 18 articles, 4162 quicklinks, 7654 comments, 2 diaries
Facebook page url on login Profile not filled in Twitter page url on login Profile not filled in Linkedin page url on login Profile not filled in Instagram page url on login Profile not filled in

  New Content

For many decades, any politician daring to fight for economic justice was liable to be denounced for engaging in "class warfare." It was always a grimly laughable accusation, coming from wealthy elites as well as their functionaries in corporate media and elective office. In the real world, class warfare or whatever you want to call it has always been an economic and political reality.

In recent decades, class war in the USA has become increasingly lopsided. The steady decline in union membership, the worsening of income inequality and the hollowing out of the public sector have been some results of ongoing assaults on social decency and countless human lives. Corporate power has run amuck.

Now, the billionaire class is worried. For the first time in memory, there's a real chance that the next president could threaten the very existence of billionaires or at least significantly reduce their unconscionable rate of wealth accumulation in a country and on a planet with so much human misery due to extreme economic disparities.

Submitted on Monday, Nov 11, 2019 at 7:56:37 PM

Author 0
Add New Comment
Reply To This   Recommend  (0+)
Help

 
Want to post your own comment on this Quicklink? Post Comment