Do you believe wealthy Americans and corporations should pay their fair share in taxes and women should receive equal pay? Then April 17 is “Twofer Tuesday.” As part of the 99% Spring movement, some 100,000 activists will use Tax Day as a platform to demand that the 1% and corporations pay their fair share. April 17 is also Equal Pay Day , the date symbolizing how far into 2012 women must work to earn what men earned in 2011.
General Electric (GE) records show that it pays far, far less in taxes than us ordinary taxpayers. So much for the claim that corporate taxes are too high. GE’s Securities and Exchange Commission 10-K filing for 2011 reveals that the company paid at most 2.3 percent of its $81.2 billion in U.S. pretax profits in federal income taxes during the past the past 10 years.
After four weeks of tough bargaining, IUE-CWA and the United Electrical Workers Union (UE) late last evening reached tentative national agreements with General Electric (GE).
Corporate taxes–or more succinctly corporate tax avoidance–has grabbed some big headlines recently starting with The New York Times report that GE, with worldwide profits of $14.2 billion, didn’t pay a dime of U.S. tax in 2010, but got $3.2 billion tax benefit. All legit and all because of corporate tax loopholes companies like GE have lobbied hard to put in place.
It’s been four years since low-wage workers got a raise. Sign the petition to tell Congress it’s time to raise the minimum wage.
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