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kateoplis: The Corporations that Occupy Congress | Reuters Last month Citizens for Tax Justice and an affiliate issued “Corporate Taxpayers and Corporate Tax Dodgers 2008-10″. It showed that 30 brand-name companies paid a federal income tax rate of minus 6.7 percent on $160 billion of profit from 2008 through 2010 compared to a going corporate tax rate of 35 percent. All but one of those 30 companies reported lobbying expenses in Washington. Another report, by Public Campaign, shows that 29 of those companies spent nearly half a billion dollars over those three years lobbying in Washington for laws and rules that favor their interests.

kateoplis:

The Corporations that Occupy Congress | Reuters

Last month Citizens for Tax Justice and an affiliate issued “Corporate Taxpayers and Corporate Tax Dodgers 2008-10″. It showed that 30 brand-name companies paid a federal income tax rate of minus 6.7 percent on $160 billion of profit from 2008 through 2010 compared to a going corporate tax rate of 35 percent. All but one of those 30 companies reported lobbying expenses in Washington.

Another report, by Public Campaign, shows that 29 of those companies spent nearly half a billion dollars over those three years lobbying in Washington for laws and rules that favor their interests.

Reblogged 2 months ago from kateoplis
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Tagged: politics, GE, corporations, our congress is bought, .
Source: kateoplis
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    The Corporations that Occupy Congress | Reuters (by David Cay Johnston; Dec 20, 2011) Some of the biggest companies in...
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    Very interesting.
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    If you’re not outraged, you’re really not paying attention.