A Who’s Who List of Who Isn’t Paying Income Tax – Sit Down Before Reading

The federal income tax is a bad joke and it needs to be abolished.  All over the nation, hard working American families are being absolutely crushed by oppressive levels of taxation, and our politicians are constantly coming up with new ways to extract money from all of us every single year.  Meanwhile, many ultra-wealthy Americans and many of the most profitable corporations in the country pay little to nothing in taxes.  In fact, as you will see below, there are dozens of very prominent corporations that make billions of dollars in profits and yet don’t pay a dime in taxes.  Tax avoidance has become a multi-billion dollar industry in the United States.  Those that have the resources to “play the game” use shell companies, offshore tax havens and the thousands of loopholes in our tax code to minimize their tax burdens as much as possible.  Meanwhile, the rest of us get absolutely hammered.  This is fundamentally unfair.  The federal income tax system is irreversibly broken at this point, and it is time to abolish it.  If you think that the federal income tax system can be “fixed”, then you probably have never studied it.  Our tax code is nearly 4 million words long and it is absolutely riddled with thousands of loopholes that favor big corporations and the ultra-wealthy.  We should come up with a better, fairer way to fund the government.  The United States once prospered greatly without a federal income tax, and it could do so again.

Many people simply do not believe that it is possible for corporations inside the United States to make billions of dollars in profits each year and not pay a dime in income taxes.

Well, according to a report put out by Public Campaign, that is exactly what is happening.  Posted below are numbers that come directly from their report.  30 large corporations are listed, and 29 of them had a tax burden for 2008 through 2010 that was less than zero even though they all made enormous profits.  And all 30 of them spent more on lobbying than they did on taxes.

The numbers that you are about to see are for 2008, 2009 and 2010 combined.  For “taxes paid”, please note that for 29 of the corporations a negative number is given.  That means that the net tax liability for 2008 through 2010 was actually less than zero.

After seeing these numbers, is there anyone out there that is still willing to claim that our tax system is “fair”?…

General Electric
U.S. Profits: $10,460,000,000
Taxes Paid: ‐$4,737,000,000

PG&E Corp.
U.S. Profits: $4,855,000,000
Taxes Paid: ‐$1,027,000,000

Verizon Communications
U.S. Profits: $32,518,000,000
Taxes Paid: ‐$951,000,000

Wells Fargo
U.S. Profits: $49,370,000,000
Taxes Paid: ‐$681,000,000

American Electric Power
U.S. Profits: $5,899,000,000
Taxes Paid: ‐$545,000,000

Pepco Holdings
U.S. Profits: $882,000,000
Taxes Paid: ‐$508,000,000

Computer Sciences
U.S. Profits: $1,666,000,000
Taxes Paid: ‐$305,000,000

CenterPoint Energy
U.S. Profits: $1,931,000,000
Taxes Paid: ‐$284,000,000

NiSource
U.S. Profits: $1,385,000,000
Taxes Paid: ‐$227,000,000

Duke Energy
U.S. Profits: $5,475,000,000
Taxes Paid: ‐$216,000,000

Boeing
U.S. Profits: $9,735,000,000
Taxes Paid: ‐$178,000,000

NextEra Energy
U.S. Profits: $6,403,000,000
Taxes Paid: ‐$139,000,000

Consolidated Edison
U.S. Profits: $4,263,000,000
Taxes Paid: ‐$127,000,000

Paccar
U.S. Profits: $365,000,000
Taxes Paid: ‐$112,000,000

Integrys Energy Group
U.S. Profits: $818,000,000
Taxes Paid: ‐$92,000,000

Wisconsin Energy
U.S. Profits: $1,725,000,000
Taxes Paid: ‐$85,000,000

DuPont
U.S. Profits: $2,124,000,000
Taxes Paid: ‐$72,000,000

Baxter International
U.S. Profits: $926,000,000
Taxes Paid: ‐$66,000,000

Tenet Healthcare
U.S. Profits: $415,000,000
Taxes Paid: ‐$48,000,000

Ryder System
U.S. Profits: $627,000,000
Taxes Paid: ‐$46,000,000

El Paso
U.S. Profits: $4,105,000,000
Taxes Paid: ‐$41,000,000

Honeywell International
U.S. Profits: $4,903,000,000
Taxes Paid: ‐$34,000,000

CMS Energy
U.S. Profits: $1,292,000,000
Taxes Paid: ‐$29,000,000

Con-­way
U.S. Profits: $286,000,000
Taxes Paid: ‐$26,000,000

Navistar International
U.S. Profits: $896,000,000
Taxes Paid: ‐$18,000,000

DTE Energy
U.S. Profits: $2,551,000,000
Taxes Paid: ‐$17,000,000

Interpublic Group
U.S. Profits: $571,000,000
Taxes Paid: ‐$15,000,000

Mattel
U.S. Profits: $1,020,000,000
Taxes Paid: ‐$9,000,000

Corning
U.S. Profits: $1,977,000,000
Taxes Paid: ‐$4,000,000

FedEx
U.S. Profits: $4,247,000,000
Taxes Paid: $37,000,000 (a rate of less than 1%)

Total
U.S. Profits: $163,691,000,000
Taxes Paid: ‐$10,602,000,000

Just look at that combined total again.

Those 30 companies had combined profits of more than 163 billion dollars during those three years, and yet the combined net tax liability of those companies was negative 10.6 billion dollars.

I wish I could make my taxes look like that.

Another company that is making headlines because of their taxes these days is Facebook.

It turns out that Facebook made more than a billion dollars in 2012 but did not pay a single dime in federal or state income taxes.  The following is from a report that was just released by Citizens for Tax Justice

Earlier this month, the Facebook Inc. released its first “10-K” annual financial report since going public last year. Hidden in the report’s footnotes is an amazing admission: despite $1.1 billion in U.S. profits in 2012, Facebook did not pay even a dime in federal and state income taxes.

Instead, Facebook says it will receive net tax refundstotaling $429 million.

According to Businessweek, Facebook has an additional 2 billion dollars in tax credits that it will be able to use in future years…

Facebook says that it anticipates reducing its tax liability in the future by an additional $2.17 billion by using further net operating loss carry-forwards that it has banked.

And of course when it comes to abusing the tax system, the big Wall Street banks are some of the worst offenders.  The following is an excerpt from a report put out by the office of U.S. Senator Bernie Sanders

—–

Here are just a few examples of how the corporations and Wall Street banks these CEOs work for have significantly harmed our economy and the federal budget:

1. Bank of America CEO Brian Moynihan

Number of Offshore Tax Havens in 2010? 371.

In 2010, Bank of America operated 371 subsidiaries incorporated in offshore tax havens. 204 of these subsidiaries are incorporated in the Cayman Islands, which has a corporate tax rate of 0%.

Amount of federal income taxes Bank of America would have owed if offshore tax havens were eliminated? $2.5 billion.

Bank of America has stashed $18.5 billion in offshore tax havens to avoid paying U.S. income taxes. Bank of America would owe an estimated $2.5 billion in federal income taxes if its use of offshore tax avoidance was eliminated.

Amount of federal income taxes paid in 2010? Zero. $1.9 billion tax refund.

Bank of America received a $1.9 billion tax refund from the IRS in 2010, even though it made $4.4 billion in profits.

Taxpayer Bailout from the Federal Reserve and the Treasury Department? Over $1.3 trillion.

During the financial crisis, Bank of America received a total of more than $1.3 trillion in virtually zero interest loans from the Federal Reserve and a $45 billion bailout from the Treasury Department.

2. JP Morgan Chase CEO James Dimon

Number of Offshore Tax Havens in 2010? 83.

In 2010, JP Morgan Chase operated 83 subsidiaries incorporated in offshore tax havens.

Amount of federal income taxes JP Morgan Chase would have owed if offshore tax havens were eliminated? $4.9 billion

JP Morgan Chase has stashed $21.8 billion in offshore tax haven countries to avoid payng income taxes. If this practice was outlawed, it would have paid $4.9 billion in federal income taxes.

Taxpayer Bailout from the Federal Reserve and the Treasury Department? $416 billion

During the financial crisis, JP Morgan Chase received a total of more than $391 billion in virtually zero interest loans from the Federal Reserve and a $25 billion bailout from the Treasury Department, while Jamie DImon served as a director of the New York Federal Reserve.

3. Goldman Sachs CEO Lloyd Blankfein

Amount of federal income taxes paid in 2008? Zero. $278 million tax refund.

In 2008, Goldman Sachs received a $278 million refund from the IRS, even though it earned a profit of $2.3 billion that year.

Number of offshore tax havens in 2010? 39.

In 2010, Goldman Sachs operated 39 subsidiaries in offshore tax haven countries.

Amount of federal income taxes Goldman Sachs would have owed if offshore tax havens were eliminated? $3.32 billion.

Goldman Sachs has stashed $20.63 billion in offshore tax haven countries to avoid paying income taxes. If this practice was outlawed, it would have paid $3.32 billion in federal income taxes.

Taxpayer Bailout from the Federal Reserve and the Treasury Department? $824 billion.

During the financial crisis, Goldman Sachs received a total of $814 billion in virtually zero interest loans from the Federal Reserve and a $10 billion bailout from the Treasury Department.

—–

Are you starting to get the picture?

The big banks and the big corporations make billions, but they pay nothing or next to nothing.

The rest of us bust our rear ends to try to get ahead, and we get gougedby dozens of different taxes.

Over time, the percentage of the overall tax burden shouldered by corporations has gotten smaller and smaller.

Back in 1950, corporate taxes accounted for about 30 percent of all federal revenue.  In 2012, corporate taxes accounted for less than 7 percent of all federal revenue.

These days, large corporations have become absolute masters at avoiding taxes.  In fact, there are many international tax havens that are doing a booming business in setting up sham headquarters for U.S. corporations.  For example, the city of Zug, Switzerland only has a population of 26,000 people but it is the headquarters for 30,000 companies.

But corporations are not the only ones doing this kind of thing.

The ultra-wealthy have also mastered the art of legally not paying taxes.

As I mentioned in a previous article, it has been reported that the global elite have up to 32 TRILLION dollars stashed in offshore banks around the globe.

With that amount of money, you could pay off the entire U.S. national debt and still have enough money left over to buy every product and service produced in the United States during an entire year.

It is time to admit that our tax system is broken.

Congress has had decades to fix it, and yet the abuses just keep getting worse.

What we are doing is not working.

We need to abolish the income tax.

If you are still not convinced that the federal income tax is an abomination and that we need to abolish it, here are some more shocking facts about our tax system from one of my previous articles about taxes

1 – The U.S. tax code is now 3.8 million words long.  If you took all of William Shakespeare’s works and collected them together, the entire collection would only be about 900,000 words long.

2 – According to the National Taxpayers Union, U.S. taxpayers spendmore than 7.6 billion hours complying with federal tax requirements.  Imagine what our society would look like if all that time was spent on more economically profitable activities.

3 – 75 years ago, the instructions for Form 1040 were two pages long.  Today, they are 189 pages long.

4 – There have been 4,428 changes to the tax code over the last decade.  It is incredibly costly to change tax software, tax manuals and tax instruction booklets for all of those changes.

5 – According to the National Taxpayers Union, the IRS currently has1,999 different publications, forms, and instruction sheets that you can download from the IRS website.

6 – Our tax system has become so complicated that it is almost impossible to file your taxes correctly.  For example, back in 1998 Money Magazine had 46 different tax professionals complete a tax return for a hypothetical household.  All 46 of them came up with a different result.

7 – In 2009, PC World had five of the most popular tax preparation software websites prepare a tax return for a hypothetical household.  All five of them came up with a different result.

8 – The IRS spends $2.45 for every $100 that it collects in taxes.

9 – According to The Tax Foundation, the average American has to workuntil April 17th just to pay federal, state, and local taxes.  Back in 1900, “Tax Freedom Day” came on January 22nd.

10 – When the U.S. government first implemented a personal income tax back in 1913, the vast majority of the population paid a rate of just 1 percent, and the highest marginal tax rate was just 7 percent.

11 – Residents of New Jersey pay $1.64 in taxes for every $1.00 of federal spending that they get back.

12 – The United States is the only nation on the planet that tries to tax citizens on what they earn in foreign countries.

13 – According to Forbes, the 400 highest earning Americans pay an average federal income tax rate of just 18 percent.

14 – Warren Buffett had an effective tax rate of just 17.4 percent for 2010.

15 – The top 20 percent of all income earners in the United States payapproximately 86 percent of all federal income taxes.

16 – Sadly, as Bill Whittle has shown, you could take every single penny that every American earns above $250,000 and it would only fund about 38 percent of the federal budget.

Please share this article with as many people as you can.  We have now entered a time of the year when tens of millions of Americans will be filling out their tax returns, and the pain of going through that process will make people even more receptive than normal to the truth about how broken our system is.

So what do you think?

Do you think that it is fair for the ultra-wealthy and hugely profitable corporations to get away with paying zero taxes while you get hammered?

Do you believe that it is time to abolish the income tax?

Please feel free to post a comment with your thoughts below…

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  • maybefree

    Prior to the 1913 federal reserve (privately owned) act we had no income tax. There also wasn’t inflation nor big corporations. So it is government to blame, not the so called rich. Government has been regulating who should pay what and how much.
    Have you ever heard the saying ” If you want more of something you subsidize it and less of something you tax it”.? So now we’re over taxing the people that create jobs and subsidizing people that refuse to work.
    How about we quite taxing and subsidizing everything and allow the market to flourish?

  • Guest

    Prior to the Federal reserve 1913 (which is privately owned) we had no income tax. The government got their money from tarrifs.

  • Yeonju Nam

    What author and many of you commanter is great. But you should understand that it will not work. It simply won’t work that way. Doing away income tax will cut more money getting into government. If we were in good shape it would been fine, but we aren’t. Theory works like in Hong Kong, but it is just not going to work here. At least not now.

  • Tom

    Some of these comments blow my mind. One that really caught my eye, Illegals bring in ore than they take? I used to live in Mass. where the Brazilin population is out of control, every week one would go into the local supermarket and Western Union TWO suitcases full of $100.00 back to Brazil and I do not believe he brought 3-4 suitcases full of money every week for two-three years prior to coming to America. At the same time these same people would fill a 3-4 Bedroom house with up to 25-30 people so they could send as much money home as possible .As far as Taxes, we need to go back to progressive tax rates. Example: if you make $25,000.00 a year you should have a low tax rate 10-15%, if you earn 200 Billion a year you should be paying 60-80% in taxes. This is how the tax rate was set up prior to Reagan who started giving the biggest tax breaks and it has followed suit since. Prior to Reagan we did not have Bubbles, we did not bail out banks Wall Street nor did companies making up to 800,000,000,000.00 get away with not paying taxes. When the rich get in office they help out the rich. When a common person gets in office (which will never happen again cause of money) they would look out for the common people. This is the biggest problem in America, the rich run the country and have everything set up to favor them and only them! Lastly, for those of you who thing the Unions are the problem in this country your are dead wrong. Take a look back 15-20 years prior to the Republicans who Hate Unions and look at the wage gap, now look at the wage gap today. The rich has increased over 400% while the middle and low income has gone down almost 10%. I am disabled and collect SSDI, Along with Union benefits (that blocks me from any other help) puts an extra $12,560.00 in my pocket every year that the tax payers do not put in other peoples pockets that are and or where a union member. So for those of you who bash the Unions thank them for putting this extra money in my pocket rather than you putting it in my pocket which most people on SSDI and or SSI collects from tax payers. Yes I have a real problem with my back, Birth defects and a slip and fall in 1989. At the time I had the max. amount of points you can have while collecting SSDI at 27 years old. the average person is in their 50’s to get to this point level, so I collect what I paid in, I am not collecting your money unless your father had you working out in the field in 4th-5th grade till 27 years old.

  • voteright2012

    Democrat Party & Republican Party are two sides of the same counterfeit coin. We need to do away with Party System and the partisanship that it creates to divide the spoils. George Washington in his farewell address had warned the country about partisanship & party politics. First repeal the 17th Amendment. Second — eliminate all retirement perks for past, current and future Congressmen/Congresswomen, Senators, Presidents and high level Government officers. De-Unionize Government employees. Third — change the 16th amendment to put in a flat tax of 10% on individuals, & corporations — eliminate their shady deductions.

    This would be a start

  • Bettypearl

    my daughter started a business and due to an error, owed $13,000. The IRS agent showed up at her door and the little house she was living in with 2 children, run down home, obviously struggling, and he was demanding the money. He got angry when he saw her struggling and the Government demanging the $13,000. from her when he had just written off $150,000. for a company. Not only did they want the #13,000 but they tacked on penalties…and took their returns for several years after that. That’s our broken system and no one in DC will fix it because it will ruin their career…thanks Government.

  • cyclemama33

    Also besides these big companies not paying their fair share of taxes, we need a list of the Administration/Senators/House AND every elected official that do not pay taxes OR even their fair shares. Then we would be amazed and angry. When some of us middle income taxpayers have to borrow money to pay our taxes, these companies and elected (?) officials really make me angry.

  • jiminsanfran

    I’m in my 50s, no kids and earn less than $100k/year. I think people like me are the only ones paying any taxes.

  • Kailasa Ishaya

    So, if you’re fed up, there’s only one thing to do – exactly what the ‘founders’ of this country did…STOP paying federal taxes.
    It’s going to take something of that level to really get their attention….
    Tax evasion is immoral – tax protestation is powerful.
    If suddenly a good majority of Americans just simply stopped filing and paying, ‘they’ would be falling over themselves to make a change – they would have to.

  • Corporate Taxation is a farce anyway. Who do think pays the taxes? The customers. Who for the most part are the ratepayers of theses same corporations? You got it, the customers. We have to reduce spending on the military, and then attack government waste and dare I say it, entitlements.

  • Tony B

    There’s only one tax system that works for everyone “The Single Tax” (Tax assets… ZERO tax on income)

  • Irish1025

    Every Word Absolutely Truth!

  • Irish1025

    You know william it is precisely know it all idiots like yourself that make me sick at what America is becoming. Idiots like yourself have come into this greatest nation on earth and have robbed,stolen and just generally destroyed freedom.It is precisely communist such as yourself that have infected america with the cancer of communism America is coming way to close to the end of everything that has made us great because of thieves such as yourself.communism is nothing but thieves stealing everything you have worked for and sharing the fruits of someone elses hard work.When the government comes to take everything you have please do us all a favor and don’t cry because it happened to you.You see when you don’t care what happens to others sooner or later circumstances have a way of catching up to people who think only of themselves and look down their knose at others.

  • Irish1025

    soo ncwill you must like getting F’ED OVER well there are plenty here on this site that do NOT feel the same way you obviously do.Or could it be that you are one of “the elite” that doesn’t pay? if you are you deserve to be in prison.

  • OldCrow

    Robert- speak English logically. Name calling is for 1st graders. Cite your reasons, give evidence or go away.

  • Herman

    I like the way you think. Can we turn the Republican party around or do you think we have to start a third party. I am sure if we do, there will be a lot of Democrats, Republicans and Independents would join us.

  • Herman

    I don’t believe the Earth is flat, or young. I do believe that we are at war to protect democracy and our way of life. I even believe in U.F.O.s. I have done the research, an you can’t prove what you are saying. No one knows how may illigals are here in the U.S.. So it would be impossible to prove it your way. I can prove what I say by just standing close to a pay line in a store where grocerys are sold an see who uses a EBT or Welfare Card to buy the groceries. Even then I would have no way of telling if they are legal or illigal. I just judge by their ablilty to speak English. Or go to a Medical Clinic and watch who its clients are. Also go to a Wall-Mart and watch how much money is being sent south of the Border. Even then you don’t know if they earned that money legally, or was it paid to them under the table. I find it funny that you can wire money to Mexico, cheaper that you can send a domestic wire. There is a good article written posted by Jim Hoft on Monday, July 16, 2012. Called most illegal immigrant families collect welfare because of their anchor babies. I did find one Sociolagy Professor who spouts the same stuff that you do. His name is Tom Hochschild, VSU. He can’t even prove what he is saying. I can honestly say that I was not brain washed in Collage, an still have what they call common sense. Do me one favor, go into Mexico illigally, get a job and let the Authoritys find you. After you get out of prison, or even while you are in there, let me know just what happened. I believe in treating others like they would treat me. Have you ever heard the word Gringo?

  • How much of the tax breaks go to upper management? they don’t seem to care about tripling their salaries from historic norms and will still cut every job they can to cut costs.

  • You do the real research and get yourself an education – Are you one of the flat earthers? believe the earth is only 5,000 years old? think we are at war to prome democracy?

  • tartan

    Ivy league education helps with spelling or is it the fat fingers from too many $?

  • justcause1

    Well, just think how many people would have to be layed off if all these great companies had to pay more taxes. Tax breaks are the reason they can grow.

  • Pingback: Taxing My Patience | Aria Melton()

  • Herman

    Even with out an Ivy League education, you will have to prove to me that all these illigals actually bring in more than they consume. Just about every one of them use food stamps to buy food.

  • I cannot believe how many ignorant people are posting here. And to comment on one of the posts: I got a public school education but also an Ivy league one. i leasrned that virtually everything I was taught form both was a lie. No one here has an original thought. They just re-hash what they have been told. Flat tax? what a bad idea. Sorry to let you know but illegals actually bring in more than they consume and that is why they are tolerated. But what a great way to distract all you racists out there. What with digitizing, robotizing and outsourcing laborthere is less and less of a need for workers and poverty is set to ecxplode. that doesn’t seem to bother most of you at least until it becomes your turn. The solution is a variable very high top tax bracket tied to the health of the middle & lower classes with taxes diminishing down to very low levels when all is healthy. Just watch the plutocrats fix everything to avoid taxes. Right now they have no real stake in America and are globalizing.

  • onethreecmackb@yahoo.com

    THEY HAVE ALREADY F__KED ME BIG TIME

  • Not true. Each side takes care of each other, there families, there friends, any elite that assisted them through political career and any elite that they are supposed assist (NWO). Please don’t be fooled by Democrats verses Republicans because they are the same cloth but just marketed differently! Also, please do not assume that this present president, cabinet, czars and congress will do nothing different then eliminate our civil, economic and moral liberties and freedoms.

  • obama had nothing he is now a multi millionaire

    He plays footsies with the wealthy not with you

  • you spoke the truth

  • ncwill

    Yep, you’re an idiot.

  • ncwill

    Mr. Leavenworth is clearly the victim of a Gov’t ( aka public school) education.

  • ncwill

    They haven’t broken any laws. Don’t like it? Change the law. Write, Email, Call your congressman and senators.

  • According to the WR Grace commission report 99% of the federal income tax is used to pay interest to the thieving bankers at the Fed. The country survived just fine before the ALLEGED income tax law was passed in 1916? So the Federal Income Tax is not needed and should be abolished and not just traded for another tax scheme that the bankers will get the money from. Talk about a booming economy with no income tax. How many businesses would move back here from overseas? How many people would have good paying jobs again? The country would lead the world again in all areas.

  • J from Pa

    Please use some common sense: obama is rich, all of his buddies are rich, his hollywood worshipers are rich, obama is in bed with unions-that are run by the rich on the money of the working person, obama is in bed with GE(the jobs czar, his buddy that he appointed). Obama is all about social media’s-facebook didn’t pay a dime in state or fed taxes in 2012, Bank America paid no taxes in 2010 and even recieved a refund and obama insisted we must bail out these types so they received a total of more than $1.3 trillion in virtually zero interest loans(our money) from the Federal Reserve and a $45 billion bailout(our money) from the Treasury Department. *Please make a note: The big bailouts happened during the time when Democrats had the house and senate. Do some research and find out for yourself, don’t follow the words from the “powers that be”.

    I don’t think for a second that republicans are without blame. Blame can be spread around to all. It is not all about greed it is mostly about power. You are listening without thinking. From your comments I can read that you are blind obama follower.

  • Marcelle

    the way to hurt these non paying tax company “Billionaires” is to boycott their product and cancel your facebook and go back to myspace. that is what I’m doing. I don’t buy any of GE products. and the rest of the company on the above list. not on my on my agenda to support. that is how to hurt them. those non tax payers should not be called Capalist, they are calle Tax Dodgers and should be inprison. and this Federal taxation is the biggest rippoff to the American People. God Bless America, IN GOD WE TRUST.

  • Robert

    Hey Concerned,you are a freaken idiot!!

  • We don’t need to abolish the income tax, we need to round up the known tax evaders, put them in prison, and then let them buy their way out with double the taxes they owe. Meanwhile, we’d get a better return on our military investment if we invaded the Cayman Islands, seized all of the stashed money, and simply applied it to paying off the national debt. Taxes are the price we pay for civilization, but corporate and personal income and inheritance taxes should be the price the plutocracy pays so that the rest of us don’t hang them in their children’s entrails.

  • Concerned

    That is why the wealthy fought so hard to have the republicans take control. They tried very hard to buy the white house. I guess your readers will now understand what President Obama is talking about. Can you imagine what would have happened if the republicans got in.
    Let’s all do something about it!! After all we have clout. Let’s ensure that big business and very wealthy individuals pay taxes. Let’s rally behind the President and let him know we support his strategy to increase taxes on the very rich and let’s come up with strategies to stop these corporations and individuals from taking out the funds from the US. After all they all are going to die and leave it. What GREED.

  • Concerned Middle-class

    Do you understand the article?

  • ChuckS123

    A lot of people on the bottom also pay negative taxes. A couple with 1 child and income of $34,700 has tax $1,200 – child tax credit $1,000 and earned income tax credit $212 = (negative $12). And they may get a lot of untaxed government benefits.

  • John C

    This country is too corrupted by special interests. No major corrective action will happen.

  • ncwill

    A sign that the card deck is stacked? Yep. Did these corporations / people do anything illegal? Nope. So the gist of this article is about morality and not legality. I’d like to think that we’ve all come recognize that regulating morality has never worked. SCOTUS itself has pointed out that there is nothing illegal about organizing one’s affairs to pay the least amount of tax required. So let’s change the laws. Ary had a lot of meaningful ideas.

  • ary

    Yep, these things would be “revolutionary”:
    abolish the income tax, set a flat tax, then cut entitlements to all illegals and foreign nations. Set term limits, and abolish Executive Orders. Let the lawyers get real jobs and quit paying them tax $$ to help any administration refuse to obey the laws or to refuse to uphold the existing laws of the land. Take away the protection of any secret service or military for ex-presidents and their families OR make them pay for their own protection once out of office, and they’d be more interested in the security of, and ability of individual ordinary citizens, including having the means to protect themselves! Get the government out of business ownership in any form. DEFUND the TSA and the EPA. Get the government out of the business of education and let parents do their jobs.
    States, take back your Constitutional powers! People, stand up for your individual rights and liberties. Let’s shrink this irresponsible gang of dictators in Washington.
    May the power of God be with all who stand up to those who refuse to acknowledge or glorify his ways.

  • WM

    The U.S. needs a flat tax on gross income with no deductions or exemptions for special interests.

  • The Rack

    It was time years ago, the average middle class Joe pays through the nose. All those millionaires and billionaires that Obama sya he wants to tax pay expensive tax attorneys and accountants a bunch to see that they pay as little tax as possible. And there’s a whole bunch of people that get money and have no skin in the game. Dr. Carson is on the right track, everybody pays 10%, that includes many real estate moguls who pay nothing with all the repetitive depreciation and property exchange rules that allow them to escape paying taxes.

  • GMan

    Government spends to much. Let the automatic cuts happen…

  • Larry

    Who’s who in the tax zoo, no one but me and you.