16 Giant Corporations that basically STOPPED paying taxes.

The 64 corporate teams paid just over  8% in taxes over the five-year period.

The Slink Sixteen

General Electric: The  worst tax record over five years, with $81 billion in profits and a $3 billion refund.

Boeing: In addition to receiving a refund despite $21.5 billion in profits, the company ranked high in  job cuttingunderfunded pensions, and contractor misconduct.

Exxon Mobil: Made by far the largest profits in the group, but paid less than 1% in U.S. taxes, and yet received  oil subsidies along with their tax breaks. Unabashedly reports a 2012  “theoretical tax” of over $27 billion, almost 90% of its total income tax expense. The company was also near the top in  contractor misconduct.

Verizon: Second worst tax record, with a refund despite $48 billion in profits.

Kraft Foods: Received a refund from the public despite $13.5 billion in profits. Also a leading  job-cutter.

Citigroup: One of the five big banks who are estimated to get a  bailout/refund from the American public amounting to three cents from every tax dollar.

Dow Chemical: Received a refund despite almost $10 billion in profits.

IBM: Paid less than 3% in taxes while ranking as one of the leading  job cutters, and near the top in  contractor misconduct.

Chevron: In addition to a meager 4.3% tax rate and a share of oil subsidies, the company has been the main beneficiary of  tax-exempt government bonds.

FedEx: The company paid less than 5% in federal taxes while relying on the  publicly-funded Post Office to deliver thirty percent of its ground packages.

Honeywell: Less than 6% in taxes, a leading  job cutter, near the top in instances of  contractor misconduct, and run by the “Fix the Debt” CEO with the  largest pension fund.

An 8% tax rate, a leader in  job cuts and underfunded pensions, and in the top 20 of  contractor misconduct instances.

Notable for an 8.4% tax rate,  job cutsoffshore holdings, and the top U.S. spot on the  contractor misconduct dollar list.

Apple: Where to begin? Avoiding  federal taxes, avoiding  state taxeshiding overseas earnings, engaging in  intellectual property schemes, using the  “Double Irish” to transfer profits from Europe to Bermuda, and  underpaying its store workers despite conducting most of its product and research development in the United States.

Pfizer: One of the leaders in stockpiling  untaxed profits overseas, and right behind Merck in  contractor misconduct dollars.

Google: A master at the  “Double Irish” revenue shift to Bermuda tax havens, while using tax loopholes to bring a lot of the money  back to the U.S. without paying taxes on it.  Recognized as one of the  world’s biggest tax avoiders.

Microsoft: Named as one of the biggest  offshore hoarders while using tax strategies to bring much of their untaxed money back to the U.S., where it also  avoids state taxes.

The Winner?

No one wins this game. In a financial sense they do, but the gains are outweighed by the greed and irresponsibility of tax avoidance.

All these companies, after using our infrastructure and technology and research facilities and higher education and national defense to build incomparably successful businesses, are now doing everything in their power to avoid paying anything back, while instead using a carefully manipulated set of “legal” business write-offs and exemptions and loopholes to cut their tax bills to almost nothing. And all the while they rant about the unfairness of the U.S. tax code.

The real madness is that human beings are suffering because of the tax games corporations play.

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