Today’s number: 12

That number represents the top 12 Corporations that not only don’t pay taxes, they actually get a refund check from the IRS. So, with it being Tax Day for all us ‘little people’ lets look at a few of these douchenozzles and how they keep all their money and take some of our money in the form of tax rebates by using a new report put out by PublicCampaign.Org.

Twelve large American corporations have been identified by news reports, nonprofit organizations, and elected officials as paying little or no federal income taxes. Collectively, these one dozen corporate tax dodgers have benefited dramatically – in tax loopholes, bailouts, and subsidies – from the more than $1 billion dollars they have invested into influencing Washington. As Americans pay their taxes this month, it is important to understand that our political system lets these corporations off the hook while the rest of us foot the bill.

Ah yes…loopholes and lobbying, why it’s the American Way people! First one on the OIL list is ExxonMobil:

Quick Facts on ExxonMobil
Campaign Contributions: Total Over 10 Years (2001-2010), $5.7 million
Lobbying Expenditures: Total Over 10 Years (2001-2010), $138 million
Government Contracts: $840 million in 2008; $6.8 billion from 2000-2008
Profits in 2009: $19 billion
Taxes Paid for 2009: $0
Tax Rebate for 2009: $156 million

Well, I guess that nice little tax rebate probably paid for most of their lobbying, with a few million left over to hand  out to their top execs. Now, lets look at the top bank that royally fucked us over AND got a lovely parting gift in the form of Bailout Funds to boot …Bank of America:

Quick Facts on Bank of America
Campaign Contributions: Total Over 10 Years (2001-2010), $11 million
Lobbying Expenditures: Total Over 10 Years (2001-2010), $24 million
Bailout Funds: $20 billion to save itself, $25 billion to buy Merrill Lynch, $118 in loan guarantees
Profits in 2010: $4.4 billion
Tax Refund for 2010: $1.9 billion

Gee, I really think BofA should be the top dog in screwing us over as they got a tax refund and bailout funds as well. Bless that bank, they sure know how to get their hands on that Corporate Welfare, don’t they? The third group is known as theTransportation group. Their top carpetbaggin corporation is….drumroll please…Boeing:

Quick Facts on Boeing
Campaign Contributions: Total Over 10 Years (2001-2010), $10 million
Lobbying Expenditures: Total Over 10 Years (2001-2010), $115 million
Government Contracts: $24 billion in 2008; $169 billion from 2000-2008. Recently received $35 billion contract from Pentagon.
Taxes Paid in 2010: $0
Tax Refund in 2010: $124 million

All those nice government contracts, zero paid in taxes and a beautiful tax refund to boot. What more could they ask for? Next is the Telecom and Technology groups:

Quick Facts on Verizon
Campaign Contributions: Total Over 10 Years (2001-2010), $12 million
Lobbying Expenditures: Total Over 10 Years (2001-2010), $131 million
Government Contracts: $488 million in 2008; $5.1 billion from 2000-2008
Profits in 2010: $12 billion
Taxes Paid for Last 2 Years: $0

Verizon’s CEO must be very very happy, wouldn’t you think? After all, they hosed us on lots of different levels.Their campaign contributions round out to roughly 1.2 million a year.

Shared sacrifice my brown ass. None of these greedy Corporations share, they just take and take and then pay off all those lovely Congress Critters. I guess you could say they share with their bought and paid for Congress Critters, they sure as hell aren’t sharing with us, the taxpayers.

Obama said Wednesday, during his speechifying, that he wants to tax the rich…he needs to start with taxing The Corporatocracy, and shit-canning all those loopholes they use to screw us over..all the while, with a smile on their faces and cute commercials about how they give back by helping Main Street.

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About Dusty, hells most vocal bitch

I am a..brown Cali bitch that is quite the opinionated,political, pain-in-the-ass, in your face kinda girl that also loves baseball and music to a fault. Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.--Albert Einstein-*
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12 Responses to Today’s number: 12

  1. Jack Jodell says:

    Dusty,
    Thank you for this information. It is truly outrageous! It just goes to show how greedy and self-centered these corporations have become. They no longer have ANY sense of community or country, and that is why, as thoroughly malevolent objects, they must be destroyed!

    Tax evaders like these prove how wrong it is to try to balance our budget on the already overburdened backs of our elderly, poor, and middle class. MAKE THESE CORPORATIONS AND THE RICHEST 1% BEAR THE BURDEN, NOT EVERYDAY WORKING PEOPLE!

    • Dusty says:

      Morning Jack! It makes me angry as hell that we ‘little people’ have to pay our taxes today whilst the Big Corporations just sit and wait for those tax rebate checks in the millions of dollars. Bastardo’s all!

  2. Norman says:

    Gosh Dusty, you sure have a way with words. As I am want to say first thing in the morning, feed the cats, drink my 3 full cups of espresso, read this blog if available, so, as the adrenaline rush hits full throttle, does my day begin. That said, it warms me hart to know I’m among those who feel as I do. Like your post this morning, so, dare I say: “BRAVA” to you, from an old man.

    • Dusty says:

      This old broad thanks you Norman! 😉 With it being Tax Day…I figured it was a good time to ruin everyone’s morning w/a little corporate fuckery.

  3. Krell says:

    I’m going to be remembering this post as I work on my taxes this weekend. For some reason, the IRS is giving until the 18th instead of the 15th this year.

    Yes, going to be seething with anger thinking of that notice I got from the IRS about the 13 dollars of interest that I didn’t report on my form last year.

    The anger bile will be rising when I making sure that every T is crossed, every I dotted. Getting squeezed for every cent because I don’t have a staff of 100 tax accountants with nothing to do but figure out loopholes, or being able to register at some mailbox drop at the Cayman Islands for a tax dodge.

    Good corporate citizen is one huge oxymoron.

  4. Gwendolyn H. Barry says:

    And all I can think is; Obama serves the corporation before he does the People. Great post Dusty. 🙂

  5. scaredstiff says:

    This one is a keeper. Your post gets me pissed and smiling at the same time.
    I think they think we’re to stupid to catch on. Oh Bomber has to go, he’s no friend of the people, just Wall-street and corporations.

  6. oso says:

    Great work Dusty! Shared FB and Political Roundtable. Estoy in Vegas ahorita, will take my aggression out on a poker machine in awhile. If I hit it big they’ll tax the hell out of me.

  7. Joe Hagstrom says:

    I do this mostly for fun and messing with righty, but this one I’ll save in favorites along with a couple others of yours Dusty.

    Vocal, hot and smart. You’re the ideal woman. Your old man should kiss your ass he’s so lucky.

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