Between 2008 And 2010, 30 Big Corporations Spent More Lobbying Washington Than They Paid In Income Taxes

[one...two...tree 2,762]

A report released this month by Public Campaign demonstrates just how important it is for Americans to battle corporate special interests and reclaim our democracy. The group's research finds that thirty big corporations actually spent more money lobbying the federal government between 2008 and 2010 than they spent in taxes. For example, General Electric — one of the top 10 most profitable companies in the world — got a net tax rebate of $4.7 billion during this period. Meanwhile, it spent $84 million lobbying the federal government.

Here's the full list of the 30 corporations identified and what they paid in federal taxes as opposed to lobbying:

http://thinkprogress...taxes-lobbying/

[Danno 1,228]

Don't forget Corporations (just like Unions) are "people".

[Mr. Big Dog 10,747]

Don't forget Corporations (just like Unions) are "people".

Yes but corporations - unlike unions - make you pay for yer old neighbor's ####### pump.

[I AM NOT THAT GUY 5,715]

Between 2008 And 2010, 30 Big Corporations Spent More Lobbying Washington Than They Paid In Income Taxes

You mean corporate tax, not income tax. You would have to look at all those that worked for, invested in, vended to, or provided services for the corporation, to determine how much income tax that enterprise generated. Ideally, corporate taxes should be zero to maximize income tax revenues.

Edited December 9, 2011 by Crusty Old Perv

[slim 1,533]

You mean corporate tax, not income tax. You would have to look at all those that worked for, invested in, vended to, or provided services for the corporation, to determine how much income tax that enterprise generated. Ideally, corporate taxes should be zero to maximize income tax revenues.

[Gary and Alla 3,694]

FAIR TAX

Eliminate ALL the income tax and most of the lobbying

[mawilson 2,133]

You mean corporate tax, not income tax. You would have to look at all those that worked for, invested in, vended to, or provided services for the corporation, to determine how much income tax that enterprise generated. Ideally, corporate taxes should be zero to maximize income tax revenues.

I would agree with that, but corporations are either people or they are not. If they are, they should pay income taxes like people.

[Mr. Big Dog 10,747]

I would agree with that, but corporations are either people or they are not. If they are, they should pay income taxes like people.

Don't tell anyone.

[I AM NOT THAT GUY 5,715]

I would agree with that, but corporations are either people or they are not. If they are, they should pay income taxes like people.

They do. The individuals pay income taxes based on the compensation they receive from the corporation. Where the reform is needed, are what is compensation in the form of taxable income and what is a necessary business expense. Tax all benefits as income, and those corporate perks as well. Set a reasonable per diem for travel, and pay by the mile for air fare, just like they do for the business use of a vehicle. Same goes for the politicians they bribe. They do it for government travel, set the same rates for business.