Ahhh, it’s tax season again! That time of the year where you, responsible citizen of America, dig deep into your pocket to pay your fair share, playing an active role in our little game of representative government. So, what tax rate did you pay this year? 15%? 25%? 28%? Even more perhaps? Well, if you answered yes to any of the previous questions then you paid a substantially higher tax rate than many US-based corporations.
Here is a little sample for you:
Individual/Family Marginal Tax Rates vs. Actual Tax Rates for 7 Large US Corporations
If you want a little more detail, go here:
http://wallstcheatsheet.com/breaking-news/economy/the-top-7-corporate-tax-evaders.html
Another little tidbit…Ford (a corporation with 164,000 employees) awarded $34 million in stock bonuses to 18 senior executives. Compare this $34 million dollars in bonus compensation to the $69 million in federal taxes paid in 2010: http://www.stocksandshares.tv/ford-motor-company-nysef-executive-bonuses/3204888
Now, go take your blood pressure medicine and don’t worry about these trivial little inequalities. I’m sure someone is right on top of this, working hard to refine a flawed system and make it fair for all. Oh, don’t forget to file by April 15!!
Addendum – A closer peek at General Electrics tax avoiding tenacity: http://www.nytimes.com/2011/03/25/business/economy/25tax.html
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