I'm not bullshitting you...Try and look at it the way you look at running your household...What happens when your bills become more than what you bring in? You stop buying a $4 coffee on the way to work...You don't order out as much...No fancy dinners for awhile...You cut the non-essential stuff...What else do you do? You try to bring in more money...Pickup a couple extra shifts...One of you goes from part-time to full-time...You do what you have to do...
Sadly our politicians don't want to do any work...They all keep talking about cuts...Cuts are fine...But none of them talk about bringing in any more revenue...They're all afraid to raise taxes on us, and for some reason they think that is the only revenue stream...But there is another way...Start taxing BIG BUSINESS more...Or some of them, start taxing! Stop giving them their unneeded rebates...They help the government has given them hasn't produced more jobs...It's done nothing to help the economy...
Look at how easy 10 of America's companies have it...Then think about how hard it is for you to get by...
10. Carnival Cruise Lines over the past five years made more than $11 billion in profits, but its federal income tax rate during those years was just 1.1 percent...
9. Conoco Phillips, which is the fifth largest oil company in the United States, made $16 billion in profits from 2007 through 2009, but received $451 million in tax breaks...
8. Citigroup last year made more than $4 billion in profits but paid no federal income taxes...
7. Goldman Sachs in 2008 only paid 1.1 percent of its income in taxes even though it earned a profit of $2.3 billion...
6. Valero Energy, the 25th largest company in America with $68 billion in sales last year received a $157 million tax refund check from the IRS...
5. Boeing got a $124 million refund from the IRS last year...
4. Chevron received a $19 million refund from the IRS last year, after it made $10 billion in profits in 2009.
3. General Electric made $26 billion in profits over the last five years and not only paid no federal income tax, it got a $4.1 billion refund.
2. Bank of America got a $1.9 billion tax refund from the IRS last year, though it made $4.4 billion in profits.
1. Exxon Mobil made $19 billion in profits in 2009 and paid no federal income taxes, and receive a $156 million rebate from the IRS.
Pretty fuck up!
Maybe we stop throwing money at these businesses, that don't need it...Make them pay at least a fair amount of taxes, and I bet we can make a huge dent in that deficit...
Consider this my official announcement...I'm running for President, and I'll straighten some shit out!
Later, The Beeze.
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