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Monday, November 07, 2011

Lobbying and Campaign Donations Pay Off Big For The One percent

Meet the 0.01 Percent: War Profiteers

Rob from the poor, Give to the Rich

Care 2 Excerpt:
The list of tax avoiders and subsidy recipients includes a lot of familiar names, such as Boeing, Yahoo, Yum Brands, Marathon Oil, FedEx, Hewlett Packard, American Express, and Time Warner. Corporations point out they are doing nothing illegal paring their taxes to nothing and receiving rebates. They are merely abiding by tax laws. However, as the report points out, “The laws were not enacted in a vacuum; they were adopted in response to relentless corporate lobbying, threats and campaign support.”

Halliburton CEO
- $29.4 million compensation. Halliburton enjoyed a NEGATIVE tax rate of 5.3% during 2008 - 2010.

Hewlett-Packard CEO
- $34 million compensation. Hewlett-Packard received $2.7 billion in tax subsidies during 2008 - 2010.

Proctor & Gamble CEO - $25.6 million compensation. Proctor & Gamble collected $3.2 billion in tax subsidies during 2008 - 2010.

Citizens For Tax Justice - Corporate Taxpayers and Tax Dodgers (2008 - 2010 Full Report)

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