Unemployed workers, community groups, clergy,
labor, immigrants rights' organizations and Occupy Los Angeles activists came
together yesterday in the streets to protest corporate tax dodgers.Giant corporations such as FedEx, which has a high-volume branch at Sunset and Vine in Hollywood, have paid less than 1% in federal income taxes (2008-2010), yet have earned $4.2 billion in profits. During that time FedEx spent $46,000-per-day on lobbying Congress. The activists, part of a nationwide week of action, called on all corporate tax dodgers to pay their fair share.
FedEx is part of a group of 78 companies that paid less than 1 percent
tax for at least one year from 2008 to 2010, according to the recent
study "Corporate Taxpayers and Corporate Tax Dodgers."
In 2010, 249 of the country's largest and most profitable corporations paid less than the U.S. corporate tax rate and instead received federal tax subsidies totaling more than $87.27 billion. While these large, profitable companies avoid their fair share in taxes, local communities struggle to afford teachers, firefighters, police officers, health care and other needed public services.
Update: Nationwide actions in photos on Flickr and today's action. Read coverage from LA's protest on Huffington Post
In 2010, 249 of the country's largest and most profitable corporations paid less than the U.S. corporate tax rate and instead received federal tax subsidies totaling more than $87.27 billion. While these large, profitable companies avoid their fair share in taxes, local communities struggle to afford teachers, firefighters, police officers, health care and other needed public services.
Update: Nationwide actions in photos on Flickr and today's action. Read coverage from LA's protest on Huffington Post
