NY Daily News: Corporate giants often get huge tax breaks, while poor, undocumented immigrants have paid billions in state taxes
media mentionYes, the unauthorized immigrant population, among the poorest and most vulnerable in New York State, does its part when it comes to taxes, according to a report by the Institute for Taxation and Economic Policy (itepnet.org), a nonprofit, nonpartisan research organization that works on federal, state and local tax policy issues.
The report, that covers the 50 states, was co-released with the Fiscal Policy Institute, which focuses on issues that affect the quality of life of New Yorkers. Its findings should be a call to address the inequity of a tax system under which the very rich are, for all practical purposes, subsidized by the working poor and the middle class.
The case of GE is among the most outrageous. From 2008 to 2013, while it made over $33.9 billion in profits, GE received a tax refund of more than $2.9 billion from the Internal Revenue Service, according to Sen. Bernie Sanders’ (D-Vermont) website.