{"id":145272,"date":"2014-04-22T10:00:42","date_gmt":"2014-04-22T14:00:42","guid":{"rendered":"http:\/\/www.prosebeforehos.com\/?p=145272"},"modified":"2014-04-16T10:50:33","modified_gmt":"2014-04-16T14:50:33","slug":"pay-higher-taxes-boeing-ge-verizon","status":"publish","type":"post","link":"https:\/\/www.prosebeforehos.com\/article-of-the-day\/04\/22\/pay-higher-taxes-boeing-ge-verizon\/","title":{"rendered":"You Pay Higher Taxes Than Boeing, GE And Verizon"},"content":{"rendered":"

\"Tax<\/p>\n

The Article:<\/strong> You Pay Higher Taxes Than Boeing (and GE, Verizon & 23 More U.S. Corporations)<\/a> by Brandy Zadrozny in The Daily Beast.<\/p>\n

The Text:<\/strong> You may be among the 95 percent of Americans who believe it\u2019s their civic duty to pay their fair share of taxes, but sending a portion of your salary to the IRS still smarts. Even for the more than 100 million who will receive refunds, no day is more agonizing than April 15.<\/p>\n

If only we could all be corporations. Although they all start with a flat 35 percent federal tax rate, most employ a team of clever accountants to whittle down their liability\u2014sometimes to nothing at all.<\/p>\n

After taking advantage of credits, exemptions, and offshore tax havens, U.S. corporations get away with paying an average of less than 13 percent, according to the Government Accountability Office. What\u2019s more, the GAO found that more than half of them reported owing no federal taxes in at least one year between 1998 and 2005.<\/p>\n

<\/p>\n

According to a study by the advocacy group Citizens for Tax Justice (CTJ), 26 Fortune 500 corporations paid no federal corporate income tax over the most recent five-year period. In fact, according to CTJ, they generated so many tax breaks that they reported negative taxes and often received a rebate check. As procrastinators rush to post offices and computers to file by deadline, let us pause\u2014in anger, jealousy, or admiration\u2014to recognize the corporations who manage to avoid the taxman.<\/p>\n

Corporation and 2008-2012 Rate<\/p>\n

1. Pepco Holdings -33.0%<\/p>\n

2. PG&E Corp. -16.7%<\/p>\n

3. NiSource -13.6%<\/p>\n

4. Wisconsin Energy -13.5%<\/p>\n

5. General Electric -11.1%<\/p>\n

6. CenterPoint Energy -8.5%<\/p>\n

7. Integrys Energy Group -8.2%<\/p>\n

8. Atmos Energy -7.7%<\/p>\n

9. Tenet Healthcare -6.0%<\/p>\n

10. American Electric Power -5.8%<\/p>\n

11. Ryder System -4.7%<\/p>\n

12. Con-way -3.5%<\/p>\n

13. Duke Energy -3.3%<\/p>\n

14. Priceline.com -3.0%<\/p>\n

15. FirstEnergy -3.0%<\/p>\n

16. Apache -2.4%<\/p>\n

17. Interpublic Group -2.1%<\/p>\n

18. Verizon Communications -1.8%<\/p>\n

19. NextEra Energy -1.6%<\/p>\n

20. Consolidated Edison -.1%<\/p>\n

21. CMS Energy -1.1%<\/p>\n

22. Boeing -1.0%<\/p>\n

23. Northeast Utilities -0.7%<\/p>\n

24. Corning -0.3%<\/p>\n

25. Paccar Rate -0.1%<\/p>\n

26. MetroPCS Communications -0.1%<\/p>\n","protected":false},"excerpt":{"rendered":"

The Article: You Pay Higher Taxes Than Boeing (and GE, Verizon & 23 More U.S. Corporations) by Brandy Zadrozny in The Daily Beast. The Text: You may be among the 95 percent of Americans who believe it\u2019s their civic duty to pay their fair share of taxes, but sending a portion of your salary to […]<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[259],"tags":[],"yoast_head":"\nYou Pay Higher Taxes Than Boeing, GE And Verizon<\/title>\n<meta name=\"description\" content=\"Feeling the sting of Tax Day today? Prepare to feel even worse\u2014with a look at the 26 U.S. corporations who pay no federal corporate income tax at all.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.prosebeforehos.com\/article-of-the-day\/04\/22\/pay-higher-taxes-boeing-ge-verizon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"You Pay Higher Taxes Than Boeing, GE And Verizon\" \/>\n<meta property=\"og:description\" content=\"Feeling the sting of Tax Day today? Prepare to feel even worse\u2014with a look at the 26 U.S. corporations who pay no federal corporate income tax at all.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.prosebeforehos.com\/article-of-the-day\/04\/22\/pay-higher-taxes-boeing-ge-verizon\/\" \/>\n<meta property=\"og:site_name\" content=\"Prose Before Hos\" \/>\n<meta property=\"article:published_time\" content=\"2014-04-22T14:00:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2014-04-16T14:50:33+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.prosebeforehos.com\/wordpress\/wp-content\/uploads\/2014\/04\/tax-rate.jpg\" \/>\n<meta name=\"author\" content=\"Article of the Day\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@pbhnetwork\" \/>\n<meta name=\"twitter:site\" content=\"@pbhnetwork\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Article of the Day\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.prosebeforehos.com\/article-of-the-day\/04\/22\/pay-higher-taxes-boeing-ge-verizon\/\",\"url\":\"https:\/\/www.prosebeforehos.com\/article-of-the-day\/04\/22\/pay-higher-taxes-boeing-ge-verizon\/\",\"name\":\"You Pay Higher Taxes Than Boeing, GE And Verizon\",\"isPartOf\":{\"@id\":\"https:\/\/www.prosebeforehos.com\/#website\"},\"datePublished\":\"2014-04-22T14:00:42+00:00\",\"dateModified\":\"2014-04-16T14:50:33+00:00\",\"author\":{\"@id\":\"https:\/\/www.prosebeforehos.com\/#\/schema\/person\/1e19d7cf2b1a9aea1805fd7b4b4b2b4e\"},\"description\":\"Feeling the sting of Tax Day today? Prepare to feel even worse\u2014with a look at the 26 U.S. corporations who pay no federal corporate income tax at all.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.prosebeforehos.com\/article-of-the-day\/04\/22\/pay-higher-taxes-boeing-ge-verizon\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.prosebeforehos.com\/article-of-the-day\/04\/22\/pay-higher-taxes-boeing-ge-verizon\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.prosebeforehos.com\/article-of-the-day\/04\/22\/pay-higher-taxes-boeing-ge-verizon\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.prosebeforehos.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"You Pay Higher Taxes Than Boeing, GE And Verizon\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.prosebeforehos.com\/#website\",\"url\":\"https:\/\/www.prosebeforehos.com\/\",\"name\":\"Prose Before Hos\",\"description\":\"The Far Side Of Politics\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.prosebeforehos.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.prosebeforehos.com\/#\/schema\/person\/1e19d7cf2b1a9aea1805fd7b4b4b2b4e\",\"name\":\"Article of the Day\",\"sameAs\":[\"https:\/\/twitter.com\/pbhnetwork\"],\"url\":\"https:\/\/www.prosebeforehos.com\/author\/article-of-the-day\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"You Pay Higher Taxes Than Boeing, GE And Verizon","description":"Feeling the sting of Tax Day today? Prepare to feel even worse\u2014with a look at the 26 U.S. corporations who pay no federal corporate income tax at all.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.prosebeforehos.com\/article-of-the-day\/04\/22\/pay-higher-taxes-boeing-ge-verizon\/","og_locale":"en_US","og_type":"article","og_title":"You Pay Higher Taxes Than Boeing, GE And Verizon","og_description":"Feeling the sting of Tax Day today? Prepare to feel even worse\u2014with a look at the 26 U.S. corporations who pay no federal corporate income tax at all.","og_url":"https:\/\/www.prosebeforehos.com\/article-of-the-day\/04\/22\/pay-higher-taxes-boeing-ge-verizon\/","og_site_name":"Prose Before Hos","article_published_time":"2014-04-22T14:00:42+00:00","article_modified_time":"2014-04-16T14:50:33+00:00","og_image":[{"url":"http:\/\/www.prosebeforehos.com\/wordpress\/wp-content\/uploads\/2014\/04\/tax-rate.jpg"}],"author":"Article of the Day","twitter_card":"summary_large_image","twitter_creator":"@pbhnetwork","twitter_site":"@pbhnetwork","twitter_misc":{"Written by":"Article of the Day","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.prosebeforehos.com\/article-of-the-day\/04\/22\/pay-higher-taxes-boeing-ge-verizon\/","url":"https:\/\/www.prosebeforehos.com\/article-of-the-day\/04\/22\/pay-higher-taxes-boeing-ge-verizon\/","name":"You Pay Higher Taxes Than Boeing, GE And Verizon","isPartOf":{"@id":"https:\/\/www.prosebeforehos.com\/#website"},"datePublished":"2014-04-22T14:00:42+00:00","dateModified":"2014-04-16T14:50:33+00:00","author":{"@id":"https:\/\/www.prosebeforehos.com\/#\/schema\/person\/1e19d7cf2b1a9aea1805fd7b4b4b2b4e"},"description":"Feeling the sting of Tax Day today? Prepare to feel even worse\u2014with a look at the 26 U.S. corporations who pay no federal corporate income tax at all.","breadcrumb":{"@id":"https:\/\/www.prosebeforehos.com\/article-of-the-day\/04\/22\/pay-higher-taxes-boeing-ge-verizon\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.prosebeforehos.com\/article-of-the-day\/04\/22\/pay-higher-taxes-boeing-ge-verizon\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.prosebeforehos.com\/article-of-the-day\/04\/22\/pay-higher-taxes-boeing-ge-verizon\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.prosebeforehos.com\/"},{"@type":"ListItem","position":2,"name":"You Pay Higher Taxes Than Boeing, GE And Verizon"}]},{"@type":"WebSite","@id":"https:\/\/www.prosebeforehos.com\/#website","url":"https:\/\/www.prosebeforehos.com\/","name":"Prose Before Hos","description":"The Far Side Of Politics","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.prosebeforehos.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.prosebeforehos.com\/#\/schema\/person\/1e19d7cf2b1a9aea1805fd7b4b4b2b4e","name":"Article of the Day","sameAs":["https:\/\/twitter.com\/pbhnetwork"],"url":"https:\/\/www.prosebeforehos.com\/author\/article-of-the-day\/"}]}},"_links":{"self":[{"href":"https:\/\/www.prosebeforehos.com\/wp-json\/wp\/v2\/posts\/145272"}],"collection":[{"href":"https:\/\/www.prosebeforehos.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prosebeforehos.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prosebeforehos.com\/wp-json\/wp\/v2\/users\/49"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prosebeforehos.com\/wp-json\/wp\/v2\/comments?post=145272"}],"version-history":[{"count":1,"href":"https:\/\/www.prosebeforehos.com\/wp-json\/wp\/v2\/posts\/145272\/revisions"}],"predecessor-version":[{"id":145274,"href":"https:\/\/www.prosebeforehos.com\/wp-json\/wp\/v2\/posts\/145272\/revisions\/145274"}],"wp:attachment":[{"href":"https:\/\/www.prosebeforehos.com\/wp-json\/wp\/v2\/media?parent=145272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prosebeforehos.com\/wp-json\/wp\/v2\/categories?post=145272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prosebeforehos.com\/wp-json\/wp\/v2\/tags?post=145272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}