166 online
 
Most Popular Choices
Share on Facebook 60 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

Quicklink Submitted By   1 comment, 14 series

Susan Lee Schwartz
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       Twitter Page       Linked In Page       Instagram Page

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.
Follow Me on Twitter     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     OpEd News Newsletter
Name
Email
   (Opens new browser window)
 

Other Series: View All 242 Articles in "Ending democracy: end the institution of public schools"

Other Series: View All 514 Articles in "FRAUD & Mendacity."

Other Series: View All 60 Articles in "Grand Theft"

Other Series: View All 193 Articles in "legislature and governorsL false info- undoing education"

Other Series: View All 201 Articles in "Meddling Through Disinformation: Weaponizing LIES"

Other Series: View All 526 Articles in "PRIVITIZATION."

Other Series: View All 1132 Articles in "Public ignorance & those who use this"

Other Series: View All 945 Articles in "Shameful"

Other Series: View All 374 Articles in "UTTER CONTEMPT"

Other Series: View All 229 Articles in "WEALTH"

Other Series: View All 732 Articles in "wrecking Ball"

To View Comments or Join the Conversation:

Tell A Friend