Saturday, December 08, 2012

They're fixing the debt

One way to fix the debt is to pay more taxes.  The companies behind the 'Fix the Debt' campaign don't think they should pay more taxes.  But here's the effective federal income tax rate from 2009 - 2011 for a few of these leaders:  AT&T - 6.3%, Verizon - -3.3% (yeah, they got money back),  Honeywell - -14.8% (another negative tax company),  Merck - 13.2%, Macy's 20.7%.

These 'job creators' could, I suppose, take credit for the taxes their employees paid.  The problem here is that they have cut jobs since 2007: AT&T - 54,000, Verizon - 30,000, Honeywell - 4,000, Merck - 13,000, Macy's - 7,000.


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