Corporations need to pay their fair share

Tax RatesAre corporations paying their fair share when it comes to taxes?

Two weeks ago, it was announced that the U.S. corporate tax rate is the highest in the world, inciting massive critique and concern for corporate well-being. Except for one thing, none of these billion dollar behemoths pay anything close to the corporate tax rate.

RAN looked at what the top ten banks, coal and oil companies paid in taxes in 2011, how much they profited, how much they received in tax credits, and what they would have paid if they complied with the 35% statutory tax rate. It probably won’t surprise you that all of them are gaming the system. Banks, oil and coal companies are making billions in profits annually and, thanks to bailouts, tax breaks, offshore havens, and lots of loopholes, paying much less than their fair share in taxes.

Tell President Obama to close corporate tax loopholes and make sure the top corporations are paying their fair share...just like the rest of us.

Tripa Alert

President Barack Obama

Phone:(202) 456-1111
Fax:(202) 456-2461