11:17 AM Eastern - Wednesday, March 31, 2010

Your Taxes vs. Their Taxes

Death and taxes. For most of us, those are the two sure things in life. But not if you work on Wall Street.

According to news reports this week, even though our tax dollars are still being funneled into their coffers, big Wall Street banks like Bank of America and Wells Fargo probably won't owe a dime of federal taxes this year.

Help us get to the bottom of this, tell BofA CEO Brian Moynihan to publicly post his bank's tax returns online: http://action.seiu.org/bofataxes

Call them out
Forget the fact that Bank of America pulled in more than $119 billion in revenue during 2009. Forget that the taxes we pay this year are still funding their giant bonuses through swap deals and indirect bailouts. Banks like BofA may get away with not paying a dime of federal taxes for 2009.

How do they do it? Well, we know that Bank of America has operated more than 100 offshore tax havens recently - most of them in the Cayman Islands. And we know they spend millions of dollars lobbying Congress for special perks and loopholes.

But we don't know how much they're bilking taxpayers for, because tax returns aren't public. Help us expose them: http://action.seiu.org/bofataxes

You and I work hard to earn every penny we make. We deserve to know if our money is being used to help billionaire bankers freeload on Wall Street.

Spread the word

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