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Originally posted by Rigel Kent
You have to wonder what the hell is going on when the US Government fails to collect $78 Billion in Taxes from these 10 companies, but I guess when you look at the list of monetary donations made to named politicians your confusion will quickly turn into disgust.
Verizon Communications is at the top of the list with a whopping $19.8 Billion in proffits for 2011 - 2012 fiscal year and wait for it, has a tax rate of -3.2% !!!!
Top politicians who received cash from Verizon during this period are as follows:
President Barack Obama: $51,493
Sen. Robert Menendez (D-N.J.): $24,450
Sen. Mitch McConnell (R-Ky.): $23,700
Rep. John Boehner (R-Ohio): $22,500
Sen. Kirsten Gillibrand (D-N.Y.): $15,000
You can read through the whole list here
When is enough, enough?
Originally posted by stanats
Given his inability to get virtually anything past the GOP roadblock in Congress, I wonder how an Obama proposed tax crackdown on U.S. companies would have flown last year.