10 Freeloading Corporations

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Bernie Sanders calls out the biggest corporations who either paid no taxes or got huge tax refunds last year.

1. Exxon Mobil
2. Bank of Americe
3. General Electric
4. Chevron
5. Boeing
6. Valero Energy
7. Goldman Sachs
8. Citigroup
9. Conoco Phillips
10. Carnival Cruise Lines

We'll give huge corporations billions in tax refunds while balancing the resulting budget deficit on the backs of the working class.

refunds are just getting money back that they paid and didnt owe....no issue there. How the heck they don't pay any tax is a whole other story everyone needs to pay taxes.

Originally posted by pete3246
refunds are just getting money back that they paid and didnt owe....no issue there. How the heck they don't pay any tax is a whole other story everyone needs to pay taxes.

They either paid no taxes AND got a refund, or simply paid no taxes.

Originally posted by rwingett
They either paid no taxes AND got a refund, or simply paid no taxes.

Well Goldman Sachs wouldn't be able to pay $15.3 billion to Creators if they had to pay taxes that would only benefit the Moochers and Parasites. http://www.guardian.co.uk/business/2011/jan/19/goldman-sachs-bankers-pay-bonuses

A corporation is not a person (contrary to what some Supreme Court judges might believe). I don't really have a problem with a corporation not paying high taxes, the problem comes when a corporation's profits are used to pay overpaid, unproductive employees who pay far too little taxes.

Originally posted by KazetNagorra
A corporation is not a person (contrary to what some Supreme Court judges might believe). I don't really have a problem with a corporation not paying high taxes, the problem comes when a corporation's profits are used to pay overpaid, unproductive employees who pay far too little taxes.

Like their CEOs, for instance?

Originally posted by rwingett
Like their CEOs, for instance?

Indeed.

Originally posted by rwingett
Like their CEOs, for instance?

Painting with a pretty broad brush. All CEOs fit that description?

Originally posted by KazetNagorra
A corporation is not a person (contrary to what some Supreme Court judges might believe). I don't really have a problem with a corporation not paying high taxes, the problem comes when a corporation's profits are used to pay overpaid, unproductive employees who pay far too little taxes.

That could be employees at any level, from the janitor to the top executive, right?

Originally posted by normbenign
Painting with a pretty broad brush. All CEOs fit that description?

Yes. CEOs are as antiquated as the "divine" monarchs from ages past. In times hence, history will shake its head in wonder at how we were stupid enough to tolerate their perfidy for as long as we did.

Originally posted by rwingett
Yes. CEOs are as antiquated as the "divine" monarchs from ages past. In times hence, history will shake its head in wonder at how we were stupid enough to tolerate their perfidy for as long as we did.

If it's so easy why aren't you doing it?

Also, why is it that the corporations that allowed employees to run the place all go under pretty fast?

Originally posted by normbenign
If it's so easy why aren't you doing it?

Also, why is it that the corporations that allowed employees to run the place all go under pretty fast?

Why aren't I doing what?

There are plenty of successful employee owned and operated companies in existence. Their numbers will continue to grow. They are the future.

Originally posted by normbenign
That could be employees at any level, from the janitor to the top executive, right?

Sure, but the janitor pays less taxes, so if high incomes are taxed properly corporations will be punished for awarding a large amount of money to grabbers.

Originally posted by normbenign
If it's so easy why aren't you doing it?

Also, why is it that the corporations that allowed employees to run the place all go under pretty fast?

Just because there are few CEO jobs available doesn't mean that those who have the jobs are good at it. Most are mediocre at best, and the vast majority could be replaced by someone with more know-how making $100k. The skills you need to acquire a CEO job are very different from the skills you need to be a successful CEO, and only occasionally do the two coincide in the same person (Jack Welch is often cited as an example).

Originally posted by KazetNagorra
Sure, but the janitor pays less taxes, so if high incomes are taxed properly corporations will be punished for awarding a large amount of money to grabbers.

Is there any difference in the productivity and necessity of a good and effective CEO and a good janitor?

In my experience, nobody just grabs the money. Some CEO and other management hires are mistakes, as are some much lower level hires. I'm glad that you recognize that regardless of his unpopularity, the CEO already pays way more taxes than the janitor.