Monday, February 20, 2012

Illegal Immigrants Pay More Taxes Than Many Top U.S. Corporations



by Len Hart, The Existentialist Cowboy

If 'corporations' are people, then why are they NOT paying their fair share of taxes? Some pay very little! Some pay no taxes at all! The tax burden has, in fact, fallen upon REAL people and that --in itself --proves the LIE to the SCOTUS decision known, simply, as "Citizens United" in which five robed liars decreed that 'corporations' were 'people'. Citizens United was not a 'decision; it was a bald-faced lie! If it had been the truth 'Corporations' --being 'real' people --would be paying their fair share of taxes just like hard working and often hard pressed American REAL 'real people' are doing and have been doing since this nation's founding. And, when caught breaking the law, they would be imprisoned as are 'real' real people! If the letter of law applies to people and not to corporations, then corporation are NOT and will never be 'people'! SCOTUS has become crooked!
According to the Institute for Taxation and Economic Policy (itepnet.org), undocumented workers paid billions in state organization that works on federal, state and local tax policy issues." GE, remember, paid NOTHING. Though conservatives will likely put ITEP alonside FactCheck and PolitiFact as liberal propaganda machines, ITEP is, as the NY Daily News reports, "a prestigious, nonprofit, nonpartisan research

--Illegal Immigrants Pay More Taxes Than Many Top U.S. Corporations
Vermont Senator Bernie Sanders has put out “A Guide to Corporate Freeloaders.”

  1. Exxon Mobil’s 2009 profits totaled $19 billion, yet according to its SEC filings, the company received a $156 million rebate from the IRS plus it didn’t pay any federal taxes.
  2. Bank of America made $4.4 billion in profits last year. This was after it received a $1 trillion bailout from the Federal Reserve and the Treasury Department, and a $1.9 billion tax refund from the IRS.
  3. General Electric has made $26 billion in profits in the United States over the past five years. It’s also received a $4.1 billion tax refund from the IRS. GE has cut a fifth of its American jobs in the past nine years, and is boosting jobs overseas – where tax rates are lower. And where it can continue evading U.S. taxes.
  4. Chevron’s IRS refund last year totaled $19 million but it’s 2009 profits came to a whopping $10 billion.
  5. Boeing received a $30 billion contract from the Pentagon to build 179 airborne tankers. It also received a $124 million refund from the IRS.
  6. Valero Energy made $68 billion in sales and received a $157 million tax refund check from the IRS. Over the past three years, it has received a $134 million tax break thanks to the oil and gas manufacturing tax reduction
  7. Goldman Sachs paid 1.1% of its 2009 income in taxes. Yet it made a profit of $2.3 billion. And guess how much it received from the Federal Reserve and U.S. Treasury Department? $800 billion.
  8. Citigroup profits last year totaled more than $4 billion. But it paid zero dollars in federal income tax, and received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury.
  9. ConocoPhillips profits from 2007 through 2009 totaled $16 billion. But it was still awarded $461 million in tax arrears because of the oil and gas manufacturing deduction.
  10. Carnival Cruise Lines is apparently getting pretty good business. Its profits over the past five years totaled more than $1.1 billion. It’s federal income tax rate, however, came to just 1.1%.
Experience had led me to believe that most of the so-called 'illegal immigrants' who live and work in the U.S. are honest, hard-working folk. They work, raise children, shop, spend money! In fact, they represent a far greater infusion of 'monies' into the economy than do corporate leeches.

These so-called 'illegal aliens' are, in fact, paying their fair share and more! Corporate crooks often pay NOTHING whatsoever even as they export jobs, possibly your job! They leave it to real 'real' people to take up the slack!

Unlike corporate leeches upon the economy, so-called 'illegal aliens' do not export jobs. Jobs stay right here in the U.S. That is in stark contrast to GOP policies in general which have always resulted in the decline of U.S. jobs, in effect, a net export to those nation's with whom we have a negative trade balance --significantly: China. [See: CIA World Fact Book, Current Account Balance]

It has been asked: when did America, a country whose narrative and history was built on the sweat of immigrants, turn against immigration and immigrants? That's easy! That result came about with the rise of the GOP --a party of lies, scapegoats and excuses!

It has been said that there has always been a strong anti-immigration element in America! But I believe that that was not always the case. In fact, the Native Americans were here thousands of years before Europeans showed up and, in many if not most or all cases, Native Americans welcomed the new arrivals. They paid dearly for it. There are myriads of stories of genocide and atrocities. I refer the interested reader to Howard Zinn's A People's History of the United States, specifically, his description of the fate of the Arawaks.

In the meantime, all Americans of every ancestry and origin must begin to think clearly about transperant, bald-faced lies that are invariably told and sold by the U.S. GOP --not a political party but an evil kooky cult.

I suspect that if all immigration --legal or ill --were stopped overnight, the nation would be plunged into a recession/depression. Few economies are so large that they can simply kiss off an overnight withdrawal of some several billion dollars! Banks would fall like dominoes.

To be fair, it is not only Hispanics that the GOP begrudges health-care! It's Americans of any origin or political persuasion! Their motto was best articulated by one Ebenezer Scrooge whom Dickens "quoted" thus: "Are there no workhouses? Are there no prisons? Then let them die and decrease the surplus population!"



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