Verizon reported $24.2 billion in pre-tax income for 2009 and 2010, yet paid $0 in federal income tax. In addition,Verizon actually claimed a refund of $1.3 billion,earning it a place on what the Washington Times calls the "Tax Evaders" wall of shame. What is really incredible is that Verizon's actions are perfectly legal.The company is exploiting tax loopholes to get the maximum reward. Now Verizon want's cut their unionized workers compensation package,for that the workers have went on strike.They claim non-union competition,if Verizon couldn't compete unionized,how did they get so big and profitable? Why do workers need to give concessions to profitable companies? When will unbridled greed be looked down upon? Why do we allow this "Race to the Bottom"? We can thank uncle Ronnie for the first shot.
This link doesn't work for me. Is it broken?
They're not alone - GE does the same thing. From the NY Times:
http://www.nytimes.com/2011/03/25/busin … wanted=all
by rhamson2 years ago
A one percenter from Seattle named Nick Hanauer published a piece in Politico Friday warning his "fellow zillionaires" that a revolution à la France 1789 is coming to the United States if America's...
by Evan G Rogers4 years ago
Billionaires are evil, right? Liberals are always on here reminding us of this.http://www.latimes.com/business/money/l … 9484.storyKABOOM, go the heads.
by Scott Bateman16 months ago
Let's break it down even more. Should a disabled person in poverty pay taxes? Should a healthy person in poverty pay them?
by Ralph Deeds4 years ago
Bain is still sending jobs to China and stuffing money in Mitt Romney's pockets. The latest victim of Bain's vampire capitalism are the workers in Sensata Technologies in Freeport, Illinois. Sensata was profitable in...
by Josak4 years ago
With tougher immigration laws being enacted in Georgia and Alabama those states are seeing a rapid decline in illegal immigrant labor because of this crops are being left unharvested and farmers are starting to abandon...
by AnalogousMethod3 years ago
What a great country. Let me tell you a story about a man and his wife.This man worked hard for "the man" for a decade out of high school, and lost his job. His wife was working on her degree. He started...
Copyright © 2017 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.