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Title: Raise Corporate Taxes
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Published: Jul 3, 2014
Author: me
Post Date: 2014-07-03 13:30:40 by Americans 1st
Keywords: None
Views: 105
Comments: 8
I have an idea for a new activism project. Raise Corporate taxes. They of course have never and never will respond to normal types of protest such as ones against immigration, legal or illegal. Or care of the fact that millions of Americans are without employment, health care, homes and/or have lost their businesses. While millions of immigrants are flooding the country. Focus on the expense of mass immigration and loss of American jobs. Demand that anyone who supports this should take the responsibility of the trillions in costs. Something similar to "Raise Corp Taxes .com" as a giant overpass sign. With a corresponding blog. Perhaps also focusing on other aspects of them being global, slave labor and using bailout monies for purposes other than helping Americans. It was our money after all.
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#5. To: Americans 1st, 4 (#0)
Thanks to NAFTA/GATT, corporations can relocate off shore and then export their products into America mostly duty free. Given the chart above, how much more should America raise corporate taxes?
#6. To: Jethro Tull (#5)
26 top American corporations paid no federal income tax from ’08 to ’12 – report Twenty-six of the most powerful American corporations – such as Boeing, General Electric, and Verizon – paid no federal income tax from 2008 to 2012, according to a new report detailing how Fortune 500 companies exploit tax breaks and loopholes. The report, conducted by public advocacy group Citizens for Tax Justice (CTJ), focuses on the 288 companies in the Fortune 500 that registered consistent profit every year from 2008 to 2012. Those 288 profitable corporations paid an “effective federal income tax rate of just 19.4 percent over the five-year period — far less than the statutory 35 percent tax rate,” CTJ states. One-third, or 93, of the analyzed companies paid an effective tax rate below 10 percent in that timespan, CTJ found. Defenders of low corporate taxes call the US federal statutory rate of 35 percent one of the highest companies face in any nation. But the report signals how the most formidable corporate entities in the US take advantage of tax breaks, loopholes, and accounting schemes to keep their effective rates down. more here
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