Monday, March 07, 2011

Tax Bullshit

A few weeks ago HERE I wondered why corporations whine about not having their tax rates lowered by 3% when they didn't pay them anyway, and that they should win the hearts of the public by insisting! during this "time of sacrifice" that the tax rate be even HIGHER so they may shoulder more of the burden, since, again, they don't pay them anyway.

Now HERE we see that the six biggest banks have paid at an average of 11%:
In one particularly shocking statistic, the report notes that the six biggest banks in the United States together paid “income tax at an approximate rate of 11″ percent in 2009 and 2010. If they had paid 35 percent, which is the legally mandated rate without loopholes, the federal government would have received “$13 billion in tax revenue” — a sum which would cover the salaries, for two years, of every single one of the 132,000 teachers laid off since the beginning of the economic recession.
Which, of course, is still much higher than the 0% the oil companies have been paying.

Apparently people are pissed, and have been flooding the offices of McConnell & Boehner.  Which will surely have no effect at all, but it's nice to see people noticing and getting pissed about it.  Though I wonder if so many people would've really noticed or gotten so worked up had corporations not decided to get into the "No, I'M a victim!" game, and had just shut the fuck up and frolicked in their wads of cash like Scrooge McDuck.  But of course, as some handsome motherfucker who once blocked an extra point at Lancaster in 1988, therein keeping the score at 48-0 instead of 49-0, once said, it's no longer just enough to be right, it's much more important to be wronged.

2 comments:

The Gnat said...

So now all of the nation's teachers need to be on the federal payroll too? When will all of the socialism end? YORF

Xmastime said...

it ends as soon as Sniffy takes over the White House! :)