To: ChinuSFO who wrote (149028 ) 8/10/2015 2:51:02 PM From: sylvester80 Read Replies (1) | Respond to 18 CEOs Called Out By Bernie Sanders For Taking Trillions In Bailouts, Evading Taxes, and Outsourcing JobsAmanda Froelich trueactivist.com publishing a letter on the Wall Street Journal lecturing America about deficit reduction and urging them to “act on the deficit and reform Medicare and Medicare, ” Sanders had the following to say :There really is no shame. The Wall Street leaders whose recklessness and illegal behavior caused this terrible recession are now lecturing the American people on the need for courage to deal with the nation’s finances and deficit crisis. Before telling us why we should cut Social Security, Medicare and other vitally important programs, these CEOs might want to take a hard look at their responsibility for causing the deficit and this terrible recession. Our Wall Street friends might also want to show some courage of their own by suggesting that the wealthiest people in this country, like them, start paying their fair share of taxes. They might work to end the outrageous corporate loopholes, tax havens and outsourcing provisions that their lobbyists have littered throughout the tax code – contributing greatly to our deficit. Many of the CEO’s who signed the deficit-reduction letter run corporations that evaded at least $34.5 billion in taxes by setting up more than 600 subsidiaries in the Cayman Islands and other offshore tax havens since 2008. As a result, at least a dozen of the companies avoided paying any federal income taxes in recent years, and even received more than $6.4 billion in tax refunds from the IRS since 2008. Several of the companies received a total taxpayer bailout of more than $2.5 trillion from the Federal Reserve and the Treasury Department. Many of the companies also have outsourced hundreds of thousands of American jobs to China and other low wage countries, forcing their workers to receive unemployment insurance and other federal benefits. In other words, these are some of the same people who have significantly caused the deficit to explode over the last four years. people as a politician, Sanders responded to the lecture from the American CEO’s by releasing a report detailing how 18 of them have helped blow up the deficitand wreck the economy outsourcing jobs and evading US taxes.Amount of federal income taxes paid in 2010? Zero. $1.9 billion tax refund.Taxpayer Bailout from the Federal Reserve and the Treasury Department? Over $1.3 trillion.Amount of federal income taxes Bank of America would have owed if offshore tax havens were eliminated? $2.6 billion.Amount of federal income taxes paid in 2008? Zero. $278 million tax refund.Taxpayer Bailout from the Federal Reserve and the Treasury Department? $824 billion.Amount of federal income taxes Goldman Sachs would have owed if offshore tax havens were eliminated? $2.7 billionTaxpayer Bailout from the Federal Reserve and the Treasury Department? $416 billion.Amount of federal income taxes JP Morgan Chase would have owed if offshore tax havens were eliminated? $4.9 billion.Amount of federal income taxes paid in 2010? Zero. $3.3 billion tax refund.Taxpayer Bailout from the Federal Reserve? $16 billion.Jobs Shipped Overseas? At least 25,000 since 2001. of federal income taxes paid in 2010? Zero. $705 million tax refund.American Jobs Cut in 2010? In 2010, Verizon announced 13,000 job cuts, the third highest corporate layoff total that year.Amount of federal income taxes paid in 2010? None. $124 million tax refund.American Jobs Shipped overseas? Over 57,000.Amount of Corporate Welfare? At least $58 billion.Amount of federal income taxes Microsoft would have owed if offshore tax havens were eliminated? $19.4 billion.Amount of federal income taxes paid from 2008-2010? Zero. $34 million tax refund.Amount of federal income taxes paid from 2008-2010? Zero. $4 million tax refund.Amount of federal income taxes paid in 2008? Zero. $74 million tax refund.Amount of federal income taxes paid in 2009 ? Zero. $55 million tax refund.Amount of federal income taxes paid in 2009? Zero. $1 million tax refund.Amount of federal income taxes paid in 2010? Zero. $90 million refund.Amount of federal income taxes Qualcomm would have owed if offshore tax havens were eliminated? $4.7 billion.Amount of federal income taxes Tenneco would have owed if offshore tax havens were eliminated? $269 million.Amount of federal income taxes Express Scripts would have owed if offshore tax havens were eliminated? $20 million.Amount of federal income taxes Caesars Entertainment would have owed if offshore tax havens were eliminated? $9 million.Amount of federal income taxes paid in 2008? Zero. $49 million tax refund.PoliticusUSA discloses , eighteen of the 80 CEOs who signed the call for deficit action are actually some of the biggest outsourcers and tax cheats in America. Not only did they crash the economy in 2008, they followed that incident by taking billions in taxpayer bailout dollars.calling for action on a deficit that they helped create over the past four years.Top Corporate Dodgers report. )18 CEOs Called Out By Bernie Sanders For Taking Trillions In Bailouts, Evading Taxes, and Outsourcing Jobs ) is free and open source. You have permission to republish this article under a Creative Commons license with attribution to the author and TrueActivist.com trueactivist.com trueactivist.com
