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In Reply to: RE: we already have socialism- for the corporations and rich posted by Inmate51 on February 2, 2021 at 08:38:25:
You admit the bailouts are socialism for the rich.
Here are some tax FACTS.
General Electric, Boeing, Verizon and 23 other profitable Fortune 500 firms paid no federal income taxes from 2008 to 2012.
288 big and profitable Fortune 500 corporations paid an average effective federal tax rate of just 19.4% from 2008 to 2012.
U.S. corporations dodge $90 billion a year in income taxes by shifting profits to subsidiaries — often no more than post office boxes — in tax havens.
U.S. corporations officially hold $2.1 trillion in profits offshore — much of it in tax havens — that have not yet been taxed here.
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Follow Ups
- RE: we already have socialism- for the corporations and rich - LtMandella 02/2/2108:51:35 02/2/21 (6)
- RE: we already have socialism- for the corporations and rich - Inmate51 09:21:45 02/2/21 (5)
- RE: we already have socialism- for the corporations and rich - LtMandella 09:46:16 02/2/21 (4)
- RE: we already have socialism- for the corporations and rich - Inmate51 10:27:01 02/2/21 (3)
- RE: we already have socialism- for the corporations and rich - LtMandella 10:45:50 02/2/21 (2)
- RE: we already have socialism- for the corporations and rich - Inmate51 14:39:22 02/2/21 (1)
- RE: we already have socialism- for the corporations and rich - Steve O 19:00:46 02/2/21 (0)