FREEDOM OR ANARCHY,Campaign of Conscience.

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This blog does not promote, support, condone, encourage, advocate, nor in any way endorse any racist (or "racialist") ideologies, nor any armed and/or violent revolutionary, seditionist and/or terrorist activities. Any racial separatist or militant groups listed here are solely for reference and Opinions of multiple authors including Freedom or Anarchy Campaign of conscience.

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"Liberty cannot be preserved without a general knowledge among the people" - John Adams - Second President - 1797 - 1801

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The Free Thought Project,The Daily Sheeple & FREEDOM OR ANARCHY Campaign of Conscience are dedicated to holding those who claim authority over our lives accountable. “Each of us has a unique part to play in the healing of the world.”
“Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right.” - George Orwell, 1984

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The right to tell the Government to kiss my Ass Important Message for All Law Enforcers Freedom; what it is, and what it is not. Unadulterated freedom is an unattainable goal; that is what the founders of America knew and understood, which was their impetus behind the documents that established our great nation. They also knew that one of the primary driving forces in human nature is the unconscious desire to be truly free. This meant to them that mankind if totally left completely unrestricted would pursue all things in life without any awareness or acknowledgement of the consequences of his/her own actions leaving only the individual conscience if they had one as a control on behavior. This would not bode well in the development of a great society. Yet the founders of America chose to allow men/women as much liberty as could be, with minimum impact on the freedom or liberties of others

Friday, April 15, 2016

New Report: Profitable U.S. Corporations Pay No Federal Income Taxes

New Report: Profitable U.S. Corporations Pay No Federal Income Taxes

The GAO released a study requested by Bernie Sanders that found roughly 20% of large, profitable U.S. corporations paid zero federal income taxes between 2008 and 2012.
Above Photo: The GAO released a study requested by Bernie Sanders that found roughly 20% of large, profitable U.S. corporations paid zero federal income taxes between 2008 and 2012.
Requested by Sen. Bernie Sanders, the Government Accountability Office (GAO) released a report on Wednesday revealing that at least two-thirds of active U.S. corporations paid zero federal income taxes between 2006 and 2012. The report also found that large, profitable corporations only paid 14% of their profits in federal income taxes on average from 2008 through 2012, while approximately one-fifth of them paid nothing at all.
“There is something profoundly wrong in America when one out of five profitable corporations pay nothing in federal income taxes,” Sanders asserted. “Large corporations cannot continue to get more tax breaks when children in America go hungry. We need real tax reform to ensure that the most profitable corporations in America pay their fair share in taxes. That means closing corporate tax loopholes to raise the revenue necessary to rebuild America and create millions of jobs.”
Between 2008 and 2013, General Electric, Boeing, and Verizon paid no federal income taxes. During that period, these three companies amassed more than $102 billion in combined profits, yet they ended up receiving over $4.1 billion in income tax rebates from the IRS.
According to a report last year from U.S. PIRG (Public Interest Research Group) Education Fund and Citizens for Tax Justice, nearly 75% of Fortune 500 companies tucked away $2.1 trillion in accumulated profits offshore to avoid paying U.S. income taxes. In 2014, at least 358 of these massive corporations maintained 7,622 tax haven subsidiaries throughout Panama, Bermuda, Ireland, Luxembourg, the Netherlands, Switzerland, and other havens.
“At a time when Republicans tell us that we don’t have enough money to rebuild our crumbling infrastructure or provide universal childcare, maybe, just maybe we should stop allowing huge corporations to pay nothing in federal income taxes,” Sanders declared. “Corporate greed is destroying the fabric of America. It must come to an end.”
If elected president, Sanders plans to close these tax loopholes in order to create and maintain at least 13 million jobs by rebuilding our crumbling roads, bridges, water systems, railways, and airports. Sanders also plans to crack down on corporate tax dodgers by closing loopholes allowing U.S. corporations to avoid paying federal income taxes by setting up a post office box in a tax-haven country, artificially inflating foreign tax credits, and using offshore subsidiaries to evade taxes.
On Wednesday, the GAO released a study requested by Sanders that found roughly 20% of large, profitable U.S. corporations paid zero federal income taxes between 2008 and 2012. The percentage of large, profitable corporations that paid nothing each year ranged from 17.9% in 2008 to 24.1% in 2011. The study also discovered that 42.3% of large corporations, possessing at least $10 million in assets, paid no federal income tax in 2012.
Joining nearly 40,000 Verizon employees on the picket line on Wednesday, Sanders pledged his support to the workers demanding fair wages while fighting against the company’s plans to cut healthcare and pension-related benefits over a three-year period. On Twitter, Sanders wrote, “Thank you to those on strike today. You’re standing up for justice not just for Verizon workers but for millions who don’t have a union.”

New Report: Profitable U.S. Corporations Pay No Federal Income Taxes

The GAO released a study requested by Bernie Sanders that found roughly 20% of large, profitable U.S. corporations paid zero federal income taxes between 2008 and 2012.
Above Photo: The GAO released a study requested by Bernie Sanders that found roughly 20% of large, profitable U.S. corporations paid zero federal income taxes between 2008 and 2012.
Requested by Sen. Bernie Sanders, the Government Accountability Office (GAO) released a report on Wednesday revealing that at least two-thirds of active U.S. corporations paid zero federal income taxes between 2006 and 2012. The report also found that large, profitable corporations only paid 14% of their profits in federal income taxes on average from 2008 through 2012, while approximately one-fifth of them paid nothing at all.
“There is something profoundly wrong in America when one out of five profitable corporations pay nothing in federal income taxes,” Sanders asserted. “Large corporations cannot continue to get more tax breaks when children in America go hungry. We need real tax reform to ensure that the most profitable corporations in America pay their fair share in taxes. That means closing corporate tax loopholes to raise the revenue necessary to rebuild America and create millions of jobs.”
Between 2008 and 2013, General Electric, Boeing, and Verizon paid no federal income taxes. During that period, these three companies amassed more than $102 billion in combined profits, yet they ended up receiving over $4.1 billion in income tax rebates from the IRS.
According to a report last year from U.S. PIRG (Public Interest Research Group) Education Fund and Citizens for Tax Justice, nearly 75% of Fortune 500 companies tucked away $2.1 trillion in accumulated profits offshore to avoid paying U.S. income taxes. In 2014, at least 358 of these massive corporations maintained 7,622 tax haven subsidiaries throughout Panama, Bermuda, Ireland, Luxembourg, the Netherlands, Switzerland, and other havens.
“At a time when Republicans tell us that we don’t have enough money to rebuild our crumbling infrastructure or provide universal childcare, maybe, just maybe we should stop allowing huge corporations to pay nothing in federal income taxes,” Sanders declared. “Corporate greed is destroying the fabric of America. It must come to an end.”
If elected president, Sanders plans to close these tax loopholes in order to create and maintain at least 13 million jobs by rebuilding our crumbling roads, bridges, water systems, railways, and airports. Sanders also plans to crack down on corporate tax dodgers by closing loopholes allowing U.S. corporations to avoid paying federal income taxes by setting up a post office box in a tax-haven country, artificially inflating foreign tax credits, and using offshore subsidiaries to evade taxes.
On Wednesday, the GAO released a study requested by Sanders that found roughly 20% of large, profitable U.S. corporations paid zero federal income taxes between 2008 and 2012. The percentage of large, profitable corporations that paid nothing each year ranged from 17.9% in 2008 to 24.1% in 2011. The study also discovered that 42.3% of large corporations, possessing at least $10 million in assets, paid no federal income tax in 2012.
Joining nearly 40,000 Verizon employees on the picket line on Wednesday, Sanders pledged his support to the workers demanding fair wages while fighting against the company’s plans to cut healthcare and pension-related benefits over a three-year period. On Twitter, Sanders wrote, “Thank you to those on strike today. You’re standing up for justice not just for Verizon workers but for millions who don’t have a union.”


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