Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

gabeana

(3,166 posts)
Wed Jan 17, 2018, 10:55 PM Jan 2018

Does 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

5 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Does anyone know where I can find (Original Post) gabeana Jan 2018 OP
You could go old school.. Ohiya Jan 2018 #1
Institute on Taxation and Economic Policy PatrickforO Jan 2018 #2
yeah I was just looking at it gabeana Jan 2018 #3
I thought this was interesting gabeana Jan 2018 #4
What I found AT&T gabeana Jan 2018 #5

Ohiya

(2,234 posts)
1. You could go old school..
Wed Jan 17, 2018, 11:02 PM
Jan 2018

... go to the library and ask a librarian!
As a bonus help keep librarians employed!

PatrickforO

(14,577 posts)
2. Institute on Taxation and Economic Policy
Wed Jan 17, 2018, 11:08 PM
Jan 2018

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)
4. I thought this was interesting
Wed Jan 17, 2018, 11:11 PM
Jan 2018

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)
5. What I found AT&T
Wed Jan 17, 2018, 11:31 PM
Jan 2018

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/

ITEP’s 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&T’s 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?

Latest Discussions»General Discussion»Does anyone know where I ...