Archive for November 25th, 2014

How does a US corporation pay a 2 percent negative tax rate? It gets a rebate on taxes it never ever paid. So, Verizon paid zero in federal taxes, and received $1.5 billion from the taxpayers in the form of a check or checks given to the company by the Federal government. Quite naturally, the disbursement of much of that money goes to the shareholders of Verizon, members of the 1 percent. And so that $1.5 billion represents a massive redistribution of income from taxpayers (the 99 percent) to the 1 percent. Nice scam huh? And that is the anatomy of a rigged political and economic game.

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