Corporations Hate Taxes, So They Let the Children Pay

[marmar]

Published on Monday, January 9, 2012 by [font color="green"]CommonDreams.org[/font]
Corporations Hate Taxes, So They Let the Children Pay

by Paul Buchheit


Two recent studies, both rather troubling on their own, are even more disturbing when the relationship between the two is considered.

The first is a study by Citizens for Tax Justice (CTJ) that shows tax avoidance at the state level. The CTJ study, which evaluated 265 large companies, determined that an average of 3% was paid in state taxes, less than half the average state tax rate of 6.2%. The ten states with 10 or more companies in the study all collected between 2.5% and 3.55%: Ohio, Texas, New Jersey, Pennsylvania, Illinois, Minnesota, Virginia, California, North Carolina, and New York.

CTJ notes that "these 265 companies avoided a total of $42.7 billion in state corporate income taxes over the three years." That's about $14 billion per year.

The second study, from the Center on Budget and Policy Priorities (CBPP), reports that "Elementary and high schools are receiving less state funding than last year in at least 37 states, and in at least 30 states school funding now stands below 2008 levels - often far below." ..............(more)

The complete piece is at: http://www.commondreams.org/view/2012/01/09-3

[zbdent]

1. Just wait until they get approval to use kids

as janitors ... in Newt's "internship" program ...

[EC]

2. The feds should stop sending money to states

that cut their taxes so much the state can't function. Let the citizen's see their constant cutting makes things bad. Instead the fed sends money to save them and they just keep cutting state taxes and relying on more fed $$.