Sunday, 6 March 2011

REPORT: You Have More Money In Your Wallet Than Bank Of America Pays In Federal Taxes

In an interview with In These Times, Carl Gibson, the founder of US Uncut, which is organizing some of today’s UK-inspired massive demonstrations against tax dodgers, explains that while ordinary Americans are being asked to sacrifice, major corporations continue to use the rigged tax code to avoid paying any federal taxes at all. As he says, if you have “one dollar” in your wallet, you’re paying more than the “combined income tax liability of GE, ExxonMobil, Citibank, and the Bank of America“:

[Gibson] explains, “I have one dollar in my wallet. That’s more than the combined income tax liability of GE, ExxonMobil, Citibank, and the Bank of America. That means somebody is gaming the system.”
http://poorrichards-blog.blogspot.com/2011/02/report-you-have-more-money-in-your.html


[Posted at the SpookyWeather blog, March 6th, 2011.]

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