Verizon paid nothing in taxes from 2008 to 2012, while making $19.3 billion dollars. Instead of paying taxes, it instead received a nice gift of $535 billion from the American Taxpayers in tax subsidies — it’s really nice of us to keep giving these companies all this money, isn’t it? We’re so generous — meaning their effective tax rate was negative 2.8% from 2008 to 2012.
That’s right. Their tax rate was negative.
Don’t you wish that you were a corporate person so you could get a negative tax rate?
Tuesday, June 03, 2014
America’s 10 Worst Sleazy, Mooching, Tax-Dodging Companies | Atlas Left: