Apr 15
2024
Taxes are for us, not them
Pfizer, the pharmaceutical giant, took in more than $27 billion in revenue last year. It didn’t pay a dime in federal taxes. It’s not alone. As reported by Jacobin: “More than one hundred of the country’s most profitable corporations paid zero federal income taxes in at least one year since the Trump tax cuts were enacted.” The story was based on a report generated by the Institute on Taxation and Economic Policy. You’ve got to read the tables that names names. Many a president and Congress have passed tax laws that have enabled corporations to pay a much lower effective[...]