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 rhamson 4 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 wealthiest don't take drastic steps to reduce inequality. Read more:...
by Scott S Bateman 2 years 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 Evan G Rogers 6 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 smlbizmatters 5 years ago
Do you think Mitt Romney's recent comment will effect him and his campaign for president?Here's what was said: "There are 47 percent of the people who will vote for the president no matter what. here are 47 percent who are with him, who are dependent upon government, who believe that...
by ptosis 9 months ago
Tell Congress: Tax reform should help working families, not millionaires!https://petitions.signforgood.com/prote … orgood.com Want a new house? If you're in a big city or a blue state, you'd be screwed. It limits the mortgage tax deduction of $500,000 for new home purchases....
by The Frog Prince 7 years ago
Should it be a requirement that, in order to vote, you pay income taxes to support this nation?Rather a simple question really. Approximately 51% of the wage earners in this nation pay nothing,not a cent. Should they have a voice in how the rest of us want our money spent?
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