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View Diary: Two dozen Fortune 500 companies paid no corporate income taxes in 2011 (56 comments)

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  •  I've been thinking of starting a new Occupy (5+ / 0-)

    movement to raise consciousness about corporate taxation. Since the 1950s I have objected to paying for corporations to deduct institutional (maintain a positive public image) advertising and making us peons pay it instead. I don't need an MBA to know that I have been cheated for over 60 years because corporations made an argument to the IRS that they need this advertising to maintain a positive public image. Pah. Why should I pay Chevron to tell me what saints they are? They certainly don't return the favor. And institutional advertising is a cost of doing business only because they do it, not because they have proven they can't survive without it.
    Thanks, MB, and Joan, and Laura, too, since you got dragged into this.

    W. H. Auden: "We must love one another or die."

    by martyc35 on Tue Apr 10, 2012 at 01:50:09 PM PDT

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    •  Here in California, a good start would be (1+ / 0-)
      Recommended by:

      to insist on the repeal of Prop 13 status for corporations.  Hope to see this in the next couple of rounds of initiatives, especially with Wells skating on their federal obligations in this way.

      "And now we know that government by organized money is just as dangerous as government by organized mob." -- FDR

      by Mogolori on Tue Apr 10, 2012 at 04:04:18 PM PDT

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