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from the Working Life blog:
How Goldman Sachs Closes Libraries, Attacks Seniors and You
Posted on 24 April 2013.
Goldman Sachs is one of the great predators in modern day society. Im still waiting for the day when Goldmans top executives face criminal indictments over the financial crisis scam and I suspect I will keep waiting since the Obama Administration shows no inclination to go over the big bankers and Wall Street people who finance modern-day campaigns. But, as a side scam, Goldman is fleecing every taxpayer in America and helping close schools and destroy the social safety net.
In fairness, Ive singled out Goldman for a particular tax scam because of the great damage it has done to many people. But that company isnt the only one engaged in a scam ferreted out by our friends at the Citizens for Tax Justice:
Citizens for Tax Justice reported that Facebook Inc. had used a single tax break, for executive stock options, to avoid paying even a dime of federal and state income taxes in 2012. Since then, CTJ has investigated the extent to which other large companies are using the same tax break. This short report presents data for 280 Fortune 500 corporations that, like Facebook, disclose a portion of the tax benefits they receive from this tax break.
These 280 corporations reduced their federal and state corporate income taxes by a total of $27.3 billion over the last three years, by using the so-called excess stock option tax break.
In 2012 alone, the tax break cut Fortune 500 income taxes by $11.2 billion.
Just 25 companies received more than half of the total excess stock option tax benefits accruing to Fortune 500 corporations over the past three years.
The complete piece is at: http://www.workinglife.org/2013/04/24/how-goldman-sachs-closes-libraries-attacks-seniors-and-you/
Newest Reality
(12,712 posts)the Great Vampire Squid and no amount of gentile businessman facade can cover-up the tentacles.
Throw in some Koch Bros., etc., and you get to see that they love this facade we believe in and acquiesce to. Though the Simulation is fraying rapidly around the edges and the colors are starting to smear.
Imagine living in the most magnificent, Oligarchy of Fascist Plutocrats who have access to the greatest amount of wealth and power ever, in the history of the world.
Oh ... you are.
SharonAnn
(13,767 posts)"A giant vampire squid wrapped around the face of humanity, relentlessly jamming it's blood funnel into anything that smells like money."
One of the absolutely best sentences ever! Matt Taibbi's opening sentence in his Rolling STone article about Goldman Sachs.
I simply can't forget it.
Newest Reality
(12,712 posts)Thanks for adding it.
Add a nice BIG BOOT stomping every human face it can find, forever, and the portrait emerges.
The Squid and the Boot.