Working Life

For a sliver of time, the political world was talking about how Donald Trump cheats on his taxes. Virtually every rich person does what Trump does: they use the tax code to dodge paying their fair share, which costs the country tens of billions of dollars every year. Rich people move their money around, hide […]

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Our friends at the Institute for Taxation and Economic Policy, my go-to folks when it comes to tax policy, put out another fantastic report called “Corporate Tax Avoidance Remains Rampant Under New Tax Law”. I know—you’re shocked, just shocked that the 2017 GOP tax fraud bill is letting corporations steal from us day after day…steal […]

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Every day, it happens: the tax system puts unfair burden on the 99.9 percent while the very wealthy and big corporations pocket huge bucks…and a lot of those bucks come right out of our pockets thanks to corporate tax subsidies. Just in time for Tax Day, I talked to three of the leading experts in […]

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Oh, this is left over from Tax Day–not that 15 companies would even know what Tax Day means. Cuz, even if they rake it in, they don’t pay taxes. How special.

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It’s no surprise to people in the reality-based world–you know, the people who look at facts–that most corporate tax cuts are not going to create jobs. All that bleating from the bi-partisan chorus that fawns over the “job creators” (read; overpaid corporate executives) and never met a corporate tax break it didn’t like (especially tax breaks that oil up those campaign contributions…looking at you, Steny Hoyer) ignores the reality that the promised jobs, in return for tax cuts, just don’t materialize–not to mention jobs that pay a decent wage.

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In honor of tax day, check out these corporate loopholes. And, then, send your check with a non-smiley face on the envelope to the IRS.

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What I really like about corporate skullduggery is that at least it’s usually done with big numbers, as in billions of dollars. Nothing on the cheap (except, of course, when it comes to paying workers). In another installment of “how can we fill our coffers, pay our CEO millions of dollars and fleece the public” comes today’s news: Corporate-based America is robbing the states of billions of dollars by dodging taxes.

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How Boeing can run around and say with a straight face that it needs concessions from its workers when it is making large profits AND screwing tax payers at the same time is just a beautiful example of how corporations are fleecing the public — and, if you want to think about it in a bigger picture way, why the economy continues to be so bad for so many people.

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