General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDoes anyone know where I can find
statistics of what specific corporation paid in federal taxes with all their loop holes. It seems like weekly we hear of some corp giving out bonuses and giving credit to the tax cuts, but they weren't paying anything close to 35%. I don't even think they paid close to the 21%
I know some paid 0 in federal taxes. Is there a site I can find this info?
These bonuses are being used as propaganda to cover their greed and the gullible buy it with the short term fix that will lead to long term hurt to this countries economic viability
Ohiya
(2,234 posts)... go to the library and ask a librarian!
As a bonus help keep librarians employed!
PatrickforO
(14,577 posts)Here's the link: https://itep.org/category/reports/
Lots of good reports. Progressive organization - the research arm of Citizens for Taxpayer Justice https://www.ctj.org/. A progressive organization that seeks a fairer tax system for middle class and poor.
gabeana
(3,166 posts)very good info to look at
gabeana
(3,166 posts)As a group, the 258 corporations paid an effective federal income tax rate of 21.2 percent over the eight-year period, slightly over half the statutory 35 percent tax rate.
so why the nee when the profitable companies are 21% max as it was?
gabeana
(3,166 posts)giving out bonuses because of the TAX cut mmmm.
https://itep.org/gop-leaders-tout-corporate-tax-cuts-at-boeing-and-att-companies-that-already-have-single-digit-tax-rates/
ITEPs recent report on the profitable Fortune 500 corporations found that over the past 8 years, Boeing has paid an effective federal income tax rate of just 5.4 percent while AT&Ts effective rate was just 8.1 percent.
so how did the Tax cut help them if the rate is now 21% yet for an 8 yr period from 2008-15 they only paid an 8% rate
am I missing something?