>>> I for one am tired of welfare for the rich.
>>
>>Hey! Without all that free help it would "hurt business" don't ya know? The magic hand of the market has a really limp wrist it seems. (But I agree, you are bringing up "welfare as we *don't* know it". ;-)
>>
>>What was that term used to describe a close and reciprocal relationship between government and corporation? Does anyone know?
>
>According to IRS data for 2004, the most recent year available:
>Total number of tax returns: 130 million
>Number of Tax Returns for the Bottom 50%: 65 million
>Adjusted Gross Income for the Bottom 50%: $922 billion
>Total Income Tax Paid by the Bottom 50%: $27.4 billion
>Conclusion: In other words, just one corporation (Exxon Mobil) pays as much in taxes ($27 billion) annually as the entire bottom 50% of individual taxpayers, which is 65,000,000 people!
>
http://seekingalpha.com/article/63131-exxon-s-2007-tax-bill-30-billion>
>ExxonMobile employs over 100000 people, many of which are US taxpayers.
>
>Exxon Mobile subsidizes the government not the other way around.
Good info! That really simples it up. Poor suckers. I see you have if figured out but their own accounting-legal departments are really missing out and might need your help. Maybe refer them to these links:
Drug companies
http://www.nytimes.com/2007/07/24/business/24drugtax.htmlTax breaks for multinational corporations
http://www.ctj.org/hid_ent/part-2/part2-3.htmCreative Capitalism Gets Microsoft $528M Tax Break
http://slashdot.org/articles/08/02/04/1520219.shtmlMcCain Thinks Corporations Paying NO Taxes Need A Tax Break.
http://www.liveleak.com/view?i=875_1218592431Tax break heaven: The rich get richer, the middle class picks up the tab, and the state goes broke. Here’s why.
http://thephoenix.com/Portland/News/56716-Tax-break-heaven/Archer Daniels Midland: A Case Study In Corporate Welfare
http://www.cato.org/pubs/pas/pa-241.htmlSave Exxon!
What was that term used to describe a close and reciprocal relationship between government and corporation? Does anyone know?
