Fleecing Uncle Sam

When are the American people going to get fed up with the current tax situation? Why should corporations get to spend more on their executive's salaries than they pay in Federal income taxes? The Center for Effective Government reports that the trickle down theory is "alive and well" in America. While the corporate tax rate is 35%, more than most industrialized nations, the effective rate they ended up paying between 2008-2012 was more like 19.9%  http://www.foreffectivegov.org/fleecing-uncle-sam


If reading the report from the Center for Effective Government and the Institute for Policy Studies doesn't incite your ire, then you must be numb. You can read the entire report here:  http://www.foreffectivegov.org/files/fleecing-uncle-sam.pdf

These are just a few of their findings:

"Of America’s 30 largest corporations, seven (23 percent) paid their CEOs more than they paid in federal income taxes last year."

"Of America’s 100 highest-paid CEOs, 29 received more in pay last year than their company paid in federal income taxes – up from 25 out of the top 100 in our 2010 and 2011 surveys."

"The seven CEOs leading these tax-dodging corporations were paid $17.3 million on average in 2013. Boeing and Ford Motors both paid their CEOs more than $23 million last year while receiving large tax refunds."

Congress will be looking at extending or expanding these corporate tax breaks. Will you take action and let your representatives know how you feel about this? Go to Senate.gov and House.gov to find contact information.