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Pay Up Now
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April 30,
2012 Article: Five Tax Fallacies Invented by the 1%
2011 U.S. Federal Taxes Paid, Selected Companies
Pay Up Now is an online effort by US
Uncut Chicago members to boycott corporations that pay little or no federal
income tax.
Choose a company, note the products or
services you need to avoid, and click 'Send Message' to tell them to PAY UP
NOW.
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Company |
Tax Avoidance Information (see References here) |
Products |
Contact Them |
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General Electric
(GE) |
General Electric made $44 billion from 2008 to 2010, but received over $4 billion in tax rebates! (Listen to more...) |
Appliances, Energy, Finance, Weapons |
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Bank of America
(BAC) |
Forbes asked in 2010: "How did Bank of America not pay any taxes on $4.4 billion in income?" Bloomberg explains: its financial statements were “delusional” (Listen to more…) |
5,900 locations |
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Exxon Mobil (XOM) |
Oil giant Exxon made $34 billion of net income in 2009, but paid no income taxes in the United States…(Listen to more) |
28,000 gas stations in 100 countries |
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Citigroup (C) |
Citigroup had 4 quarters of billion-dollar profits in 2010, but paid no taxes...(Listen to more) |
200 million customer accounts |
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Wells Fargo (WFC) |
Wells Fargo purchased Wachovia and claimed a $19 billion tax credit, despite a record net income of $12.3 billion…(Listen to more) |
6,600 bank branches |
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Hewlett-Packard
(HPQ) |
HP's U.S. income tax rate was 4.3% in 2008 and 2.3% in 2009… |
PCs, printers, networks |
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Verizon (VZ) |
Verizon's 10.5% tax rate is "due to its...venture with Vodafone." Vodaphone has been the primary target in UK Uncut's protests…(Listen to more) |
wireless telephone |
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Chevron (CVX) |
Of this year's taxes, just $200 million were paid in the U.S." That's a 1% tax rate…(Listen to more) |
9,600 gas stations (Chevron and Texaco) |
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Boeing (BA) |
Boeing paid no U.S. taxes on over $4 billion of income in 2010. In fact, they got $124 million back from the taxpayers…(Listen to more) |
commercial jets and defense equipment |
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AIG (AIG) |
AIG helped individuals trying to shelter hundreds of millions of dollars in profits from federal taxes…(Listen to more) |
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Carnival (CCL) |
Carnival Cruise Lines paid 1% in taxes on its $11.5 billion profit… |
cruises |
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Koch Industries
(private) |
The government subsidies and tax-free benefits that accrue to the "libertarian" Koch brothers have been well documented…(Listen to more) |
Brawny, Dixie, Northern, Stainmaster, Angel Soft, Mardi Gras, Vanity Fair, Georgia-Pacific |
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Newscorp (NWS) |
With 782 tax havens, Newscorp paid "astoundingly low taxes"… |
Fox News, Wall Street Journal, HarperCollins Publishing |
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Google (GOOG) |
Google cut taxes by $3.1 billion by moving profits through Ireland to Bermuda...(Listen to more) |
search engine, gmail, youtube, various apps |
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Merck (MRK) |
Merck brought more than $9 billion from abroad without paying any U.S. tax… |
pharmaceuticals, Dr. Scholl, Claritin |
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Pfizer (PFE) |
Pfizer imported more than $30 billion from offshore, erasing a $10 billion tax hit…(Listen to more) |
pharmaceuticals, Lipitor, Celebrex, Lyrica, Prevnar, Norvasc, Viagra |