April 13, 2012

The Top 10 Companies That Pay No Taxes

Gavin Aronsen, Mother Jones

Between 2008 and 2011, 26 major American corporations paid no net federal income taxes despite bringing in billions in profits, according to a new report (PDF) from the nonprofit research group Citizens for Tax Justice. CTJ calculates that if the companies had paid the full 35 percent corporate tax rate, they would have put more than $78 billion into government coffers.

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TAGGED: taxes


Despite promising families who make under $250,000 that he would not raise their taxes, the President has signed into law 7 new or higher taxes on them. more ››
April 11, 2012
The Buffett Rule Is Just the Beginning for Obama
J. Pethokoukis, AEI
It won’t stop with the Buffett Rule, at least if President Barack Obama has his way. Making sure “no millionaire pays less than 30 percent of their income in taxes” — as the White House describes its... more ››
The Buffett Rule is the basic principle that no household making over $1 million annually should pay a smaller share of their income in taxes than middle-class families pay. Warren Buffett has famously stated that he... more ››
April 12, 2012
Why I Don't Care About the Buffett Rule
Derek Thompson, The Atlantic
I must begin this article with an apology. I'm an economics writer, a lover of tax policy, and a politics nerd. So this should be a second Easter for me: Right now, the most important economic debate is over the administration's... more ››
Each year as millions of Americans race against the clock to complete their taxes by mid-April, the debate over when and how the nation’s tax code should be reformed garners renewed interest. While most agree that the... more ››