the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
Apr 16, 2012
A new study shows that 280 of the most profitable U.S. corporations received nearly 223 billion dollars in tax breaks in the past three years. Seventy-eight of them paid NO taxes in at least one of those three years. And thirty companies actually had a NEGATIVE tax rate in the last three years–the government paid THEM money, instead of the other way around!
One company, Pepco, had a tax rate of negative 57.6%. In other words, the government paid Pepco an additional 57.6% of its profit, ON TOP OF its profit.
Meanwhile, workers are losing their homes and struggling to make ends meet. And even unemployed workers are paying income tax–on their unemployment benefits!
Think of how many people could be put to work with all that money the government is handing to the rich!