AFL-CIO exposes more corporate tax shenanigans

[Scuba]

Got this in my email this morning...


"Dear Scuba,

Is your tax refund going to be anywhere close to $1.9 billion? (Note from Scuba: Hah!) That's how much Bank of America got from the Internal Revenue Service last year.

Bank of America wasn't alone, either. Check out this list of the top five tax avoiders:

ExxonMobil made $19 billion in profits in 2009. Exxon not only paid no federal income taxes, it actually received a $156 million rebate from the IRS, according to its SEC filings.

Bank of America received a $1.9 billion tax refund from the IRS last year, although it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of nearly $1 trillion.

Over the past five years, while General Electric made $26 billion in profits in the United States, it received a $4.1 billion refund from the IRS.

Chevron received a $19 million refund from the IRS last year after it made $10 billion in profits in 2009.

Boeing, which received a $30 billion contract from the Pentagon to build 179 airborne tankers, got a $124 million refund from the IRS last year.

Click here to send a message to ExxonMobil, Bank of America, General Electric, Chevron and Boeing.

http://afl.salsalabs.com/dia/track.jsp?v=2&c=YLet3rWepUJ%2FR0WfeDEJpOk7ZWoPegFZ

Imagine what those billions of dollars in refunds to corporate giants could have done if they were used for job creation or invested in our communities. Instead, GE's 975-person tax (avoidance) department and millions of dollars in tax lobbyists have ensured that the burden falls on working people. All the while, GE was eliminating 20 percent of its American workforce.
Let's tell these tax avoiders it's time to start paying their share-and tell our representatives that it's time to shut down corporate tax-avoidance schemes. No more lobbyists, no more loopholes.

Click here to send a message to ExxonMobil, Bank of America, General Electric, Chevron and Boeing. You'll also be letting your representatives know you want Congress to make these corporate bad guys pay their fair share.

http://afl.salsalabs.com/dia/track.jsp?v=2&c=YLet3rWepUJ%2FR0WfeDEJpOk7ZWoPegFZ


In solidarity,

Working America, AFL-CIO

[proud patriot]

1. grrrrrrrrrrrrrrr

[unkachuck]

2. K&R....it just ain't right....n/t