Jack, sign the petition: Greedy, tax dodging corporations must pay their fair share in taxes.
SIGN THE PETITION
Billion-dollar corporations are taking advantage of loopholes to pay tax rates far below the statutory corporate rate of 21%, and even lower than the 13.6% rate that the average American household paid in a recent year.
Some examples:
- General Electric = $7 billion in profits; -6% federal income tax rate
- T-Mobile = $11 billion in profits; 0.4% federal income tax rate
- General Motors = $6 billion in profits; 4% federal income tax rate
- Tesla = $3 billion in profits; 1.5% federal income tax rate
Corporate priorities couldn’t be clearer. Last year, even as General Motors claimed that it couldn’t afford to increase pay for striking UAW workers, the company spent $10 BILLION on stock buybacks to make their already wealthy shareholders even wealthier.
We’re fighting for a tax system that rewards work and makes large, profitable corporations pay their fair share.
Sign now to tell Congress that greedy tax dodging corporations must pay their fair share in taxes.
SIGN THE PETITION
Thanks for all you do,
Erin Tulley, Daily Kos
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