Select Media Mentions
Los Angeles Times: An undeserved attack on the ‘undeserving poor’
December 21, 2012
Original Post August 31, 2011 by Michael HiltzikCriticism of low earners who pay no federal income tax is in fact a not-so-veiled assault on government aid for those in need. Amid the crowd-rousing shorthand employed by some American politicians, surely one of the hardiest chestnuts is the notion of the “undeserving poor.” You know the […]
Think Progress: Perry Brags About Texas’ Tax System That Charges The Poor Four Times As Much As The Rich
December 21, 2012
Original Post September 16, 2011 by Pat Garofalo Texas Gov. Rick Perry (R) was on the campaign trail in Newton, Iowa today, reviving his stump speech promise to make government “as inconsequential in your life as I can.” At one point, Perry bragged about the Texas tax system and its light burden on “job creators”: […]
St. Louis Post-Dispatch: Effort to kill Missouri income tax has begun in earnest
December 21, 2012
Original Post September 26, 2011 by Virginia Young JEFFERSON CITY • Wrestling with your state income tax return? Missouri legislators are weighing a plan that would do away with that chore. But before you celebrate, be aware that it’s not a tax cut. While state individual and corporate income taxes would be eliminated, the lost […]
Huffington Post: Poverty Is Rising, But State Tax Systems Burden The Poor, While Rich Get Off Easy
December 21, 2012
Original Post September 27, 2011 by Tyler Kingkade WASHINGTON — Newly released U.S. Census data reveal that poverty levels have skyrocketed, but in most states, the tax systems disproportionally burden the poor. Most states also impose tax structures similar to what current Republican presidential candidates are advocating, and experts warn these should serve as cautionary […]
Hawaii Reporter: Tax Commission To Weigh Elimination Of State Income Taxes
December 21, 2012
Original Post October 5, 2011 BY JIM DOOLEY The Hawaii Tax Review Commission is soliciting the services of a consultant to study the fairness of Hawaii’s tax system and recommend changes, including the possible elimination of personal and corporate income taxes. A national state-by-state analysis of taxes completed in 2009 and referenced on the Hawaii […]
Anniston (AL) Star: Alabama’s poverty problem: Economy will strengthen if poverty is addressed
December 21, 2012
Op-ed by Kimble Forrister October 7, 2011 “Anytime we create more jobs, we get more people off the unemployment rolls and out of poverty,” state Sen. Del Marsh, R-Anniston, said in a recent Birmingham News profile of Alabama Arise. We agree. That’s why many items on Arise’s agenda this year (and every year) are designed […]
The Emporia (KS) Gazette: The “Class Warfare” Nonsense
December 21, 2012
October 7, 2011 by Bob Grover When President Obama released his most recent plan to create jobs and address the national deficit, he proposed that wealthy Americans and corporations should pay higher taxes. Congressional leaders John Boehner, Mitch McConnell, and Paul Ryan responded with cries of “class warfare.” Boehner and company must be desperate for […]
Fox 4 TV News Kansas City: Will Kansas Eliminate Income Tax?
December 21, 2012
October 25, 2011 by John Pepitone and Christie Walton A new group wants Kansas to join nine other states that don’t have an individual income tax. Supporters claim states like Texas, Tennessee and Florida are growing faster and creating new jobs because they don’t have an income tax. A proposal to eliminate the state […]
Baltimore Sun: Panels Recommended Higher MD Taxes, Fees
December 21, 2012
Original Post Groups say funds needed for roads, transit, pollution cleanup By Michael Dresser and Timothy B. Wheeler, October 25, 2011 Two groups charged with figuring out how the state can pay for new roads, a cleaner Chesapeake Bay and other key functions of government suggested the same basic answer Tuesday: Marylanders should be asked […]
Maryland Reporter: Increased Tax Proposals Get Mixed Reception
December 21, 2012
October 27, 2011 by Megan Poinski Although the next legislative session is still a couple months off, it’s becoming apparent that new taxes will be one of the central issues before the General Assembly. The Blue Ribbon Commission on Maryland Transportation Funding formally recommended a 15-cent per gallon gas tax increase phased in over three […]
Business Insider: Guess What? General Electric Didn’t Pay Any Income Taxes In 2010 Either
December 21, 2012
(Original Post) Vivian Giang Nov. 3, 2011, 6:01 PM In March, we reported that General Electric made $5.1 billion in U.S. profits, yet managed to dodge paying any federal taxes. The data was based on a study conducted by Capital IQ and the NYT on companies between 2005 to 2009. Believe it or not, in […]
Market Watch: 280 Most Profitable U.S. Corporations Shelter Half Their Profits from Taxes; Thirty Companies Paid Less Than Zero in Taxes in the Last Three Years
December 21, 2012
(Original Post) WASHINGTON, Nov. 3, 2011 /PRNewswire via COMTEX/ — Citizens for Tax Justice and the Institute on Taxation and Economic Policy Release “Corporate Taxpayers and Corporate Tax Dodgers, 2008-2010” A comprehensive new study that profiles 280 of America’s most profitable companies finds that 78 of them paid no federal income tax in at least […]
The Grand Rapids Press: 30 U.S. corporations paid ‘less than zero’ income tax from 2008-2010
December 21, 2012
(Original Post) Published: Thursday, November 03, 2011, 2:58 PM Updated: Thursday, November 03, 2011, 9:36 PMTroy Reimink | The Grand Rapids Press By Troy Reimink | The Grand Rapids Press How’s this for a blood-boiler: A new report from Citizens for Tax Justice and the Institute on Taxation and Economic Policy identifies 30 corporations who […]
Seattle Post Intelligencer: Report claims Boeing paid no taxes over past three years
December 21, 2012
(Original Post) By AUBREY COHEN, SEATTLEPI.COM STAFFPublished 09:53 p.m., Thursday, November 3, 2011 Boeing has paid less than nothing in taxes on its billions of dollars in profits over the past three years, according to a new report. But Boeing disputes the accounting, saying it paid hundreds of millions in taxes from 2008 through 2010. […]
Daily Mail: Thirty of biggest U.S. companies paid zero income tax over last three years despite making combined profits of $160 billion
December 21, 2012
(Original Post) Average tax rate for 280 companies in study was 18.5 percent – less than half the statutory rate of 35 per cent Total tax subsidies given to all corporations in report amounted to $222.7 billion from 2008 to 2010 Wells Fargo tops the list, getting nearly $18 billion in tax breaks from the […]
News Leader: Verizon workers, protesters, seek to ‘Unify Main Street’
December 21, 2012
10:27 PM, Nov. 3, 2011 Written by Spencer Dennis OLIVUE — It wasn’t a strike, and it wasn’t a protest. As the Occupy movement seems to gain steam, local supporters are branching out and digging in. “This is a barbecue,” said Donald Bush, a supporter of Occupy Staunton who, along with Verizon union workers, was […]
Seattle Times: Few companies pay anything close to 35 percent federal tax rate
December 21, 2012
(Original Post) A report on corporate taxation released Thursday calls out Bellevue-based truck maker Paccar and more than two dozen other major corporations for paying no net federal income taxes over the past three years, despite being profitable each of those years. By Drew DeSilver Seattle Times business reporter Paccar had an effective U.S. tax […]
Star News: 35% corporate tax rate? Not even close for some big companies, study finds
December 21, 2012
(Original Post) November 3rd, 2011 05:05pm by Wayne Faulkner The corporate tax rate is 35 percent. But an examination of 280 of the nation’s largest corporations suggests that many aren’t paying anything close to that, reports CNNMoney. The report was issued by Citizens for Tax Justice and the Institute on Taxation and Economic Policy. It […]
Accounting Today: 30 Major Corporations Avoided Federal Income Taxes
December 21, 2012
(Original Post) Washington, D.C. (November 3, 2011) By Michael Cohn, Accounting Today The 280 most profitable U.S. corporations are sheltering half their profits from federal income taxes, and 30 of them paid less than zero in the last three years, according to a new study. The study also found that 78 of the corporations paid […]
Tax.com: I Thought the ‘Dodgers’ Were a Baseball Team?
December 21, 2012
(Original Post) Christopher Bergin | Nov. 3, 2011 11:13 AM EDT There’s a report that’s getting a lot of attention this morning that concludes that many large U.S. corporations paid little or no corporate income taxes between 2008 and 2010 even though they raked in millions of dollars. The report, prepared by the interest group […]
Daily Kos: Thirty American Corporations Paying Zero Income Taxes between 2008 – 2010
December 21, 2012
(Original Post) Thu Nov 03, 2011 at 02:16 PM PDT NetminderElite I know this is probably old news for a lot of us, but if I get one person to realize this for the first time, I’ve achieved what I want. If you are not aware, between 2008 and 2010, thirty large and wealthy American […]
Care 2: While More People Fall Into Poverty, 30 Corporations Paid No Federal Taxes
December 21, 2012
(Original Post) by Robin MartyNovember 3, 20118:00 am There’s some good news in the job market today, as the rate of filing for unemployment dropped to 397,000, the lowest it has been in weeks. Although economists caution that the drop would need to be sustained in order to show true job recovery, it’s still a […]
CBS News: Study: Many Fortune 500 cos. paid $0 taxes
December 21, 2012
(Original Post) November 3, 2011 3:00 AM By David Morgan (CBS News) Advocates for reducing U.S. corporate tax rates argue that lower corporate rates charged in other countries impede American competitiveness. Yet a new study finds that many of the nation’s top companies are already paying less in U.S. taxes on their pretax profits than […]
The Hill: Liberals call for corporate ‘Buffett Rule’
December 21, 2012
(Original Post) By Bernie Becker – 11/03/11 10:47 AM ET In the wake of a new study on corporate tax practices, some liberals are calling for a “Buffett Rule” for the business world. The study, released Thursday by a pair of liberal advocacy groups, found that a slew of Fortune 500 companies paid well below […]
Los Angeles Times: Corporate taxes: Many top U.S. firms paid none, report says
December 21, 2012
(Original Post) November 3, 2011 | 9:54 am— Tiffany Hsu Many of the nation’s most profitable companies are paying far less than the 35% corporate income tax rate, with dozens paying none at all, according to a new report. Advocacy and research groups Citizens for Tax Justice and the Institute on Taxation and Economic Policy […]
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