Power of Story
Send a Tweet        
- Advertisement -

Share on Google Plus Share on Twitter 1 Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 1 (2 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   No comments

Our Most Corrupt Tax Breaks: 10 Loopholes to Close Right Now - Page 1 - News - San Francisco - SF Weekly

Quicklink submitted By       Message Mari Eliza     Permalink
Related Topic(s): ; ; ; ; ; ; ; ; , Add Tags

View Ratings | Rate It

opednews.com

Replace Insecure http://assets.sfweekly.com/img/citylogo.png
Copyrighted Image? DMCA
A year ago Citizens for Tax Justice, a Washington, D.C., nonprofit, studied the tax returns of 280 corporations. What it found was a Beltway version of a Mafia protection scheme.

From 2008 to 2010, at least 30 Fortune 500 companies -- including PepsiCo, Verizon, Wells Fargo, and DuPont -- paid more for lobbyists than they did in taxes. They collectively spent $476 million sucking up to Congress, buying protection for tax breaks, loopholes, and special subsidies.

It didn't matter that these same 30 firms brought home a staggering $164 billion in profit during that three-year period. They not only managed to avoid paying taxes; they actually received $10.6 billion in rebates.

Read the rest of the story HERE:

At www.sfweekly.com

- Advertisement -
- Advertisement -