Bernie Sanders Exposes 18 CEOs who took Trillions in Bailouts, Evaded Taxes and Outsourced Jobs
Many of the CEOs who signed the deficit-reduction letter run corporations that evaded at least $34.5 billion in taxes by setting up more than 600 subsidiaries in the Cayman Islands and other offshore tax havens since 2008. As a result, at least a dozen of the companies avoided paying any federal income taxes in recent years, and even received more than $6.4 billion in tax refunds from the IRS since 2008.
Several of the companies received a total taxpayer bailout of more than $2.5 trillion from the Federal Reserve and the Treasury Department.
Many of the companies also have outsourced hundreds of thousands of American jobs to China and other low wage countries, forcing their workers to receive unemployment insurance and other federal benefits. In other words, these are some of the same people who have significantly caused the deficit to explode over the last four years.
Here are the 18 CEOs Sanders labeled job destroyers in his report. (All data from Top Corporate Dodgers report.)
1). 1. Bank of America CEO Brian Moynihan
Amount of federal income taxes paid in 2010? Zero. $1.9 billion tax refund.
Taxpayer Bailout from the Federal Reserve and the Treasury Department? Over $1.3 trillion.
Amount of federal income taxes Bank of America would have owed if offshore tax havens were eliminated? $2.6 billion.
http://www.politicususa.com/bernie-sanders-exposes-18-ceos-trillions-bailouts-evaded-taxes-outsourced-jobs.html
orpupilofnature57
(15,472 posts)A watchdog for the people he represents and America . The misanthropes on this list should be seen as economic terrorists, and just as much an enemy of Democracy as any other threat.
midnight
(26,624 posts)benld74
(9,904 posts)marmar
(77,081 posts)nt
midnight
(26,624 posts)"WERE NOT BROKE tells the story of U.S. corporations dodging billions of dollars in income tax, and how seven fed-up Americans take their frustration to the streets
and vow to make the corporations pay their fair share."
http://www.prwatch.org/news/2012/10/11816/were-not-broke-movie-screening-madison
See Preview at link....