I want to exile most politicians and their backers and ‘bosses’ and corporate assholes.…to a fema camp. That’ll be good. They can eat their GMO garbage and wipe their butts with their garbage money and stop hurting people and messing up lives and the world. I want them on trial for treason. Then, we can fix our world. It would be awesome.
For my part-time Summer job this year, I earned $995. I’m exempt for state or federal taxes because I’m a minor and a low-income earner, but because of payroll taxes, I payed a 7.1% tax rate. I spent $71 on taxes.
Between 2008 and 2011, Duke Energy made $7,234,000,000. Because of tax loopholes, they payed an effective corporate tax rate of -3.5%. Duke Energy was given $253,000,000 by the federal government.
Between 2008 and a 2011, Verizon made $19,783,000,000. Because of tax loopholes, they payed an effective corporate tax rate of -3.8%. Verizon was given $758,000,000 by the federal government.
Between 2008 and a 2011, General Electric made $19,616,000,000. Because of tax loopholes, they payed an effective corporate tax rate of -18.9%. General Electric was given $3,705,000,000 by the federal government.
In 2011 alone, just 30 companies received $4.1 billion dollars in tax rebates through the use of tax loopholes. If they would have payed the full corporate tax rate, the government would have gotten $78.3 billion in revenue.
Just remember, while teachers are being laid off and medicare’s being cut, transnational corporations are receiving your tax money.
— Manning Marable, How Capitalism Underdeveloped Black America (via howtotalktogirlsdialectically)