WHY DON"T CORPORATIONS PAY TAXES ON THEIR EARNINGS ?

   In 2009, Exxon/Mobil made $19 billion in profit. Based on a $19 billion profit, you might expect they paid the IRS a decent sum in income taxes. WRONG. Not here in this corporatocracy in which we live.  In 2009, Exxon/Mobil reported to the SEC that not only did it avoid paying ANY federal income taxes, they got a $156 million REFUND from the IRS. How in the hell can that be ? For those of you who are working for an honest living, earning $50,000, or $100,000, or $1 million, or $75 million, you pay taxes. 

  It's hard to understand why, when we have a $13.8 trillion national debt, scumbag corporations like Xon/Mobil not only don't pay any income taxes, they actually get a $156 million refund from the IRS. But, Xon/Mobil isn't the only rich, large and powerful American corporation avoiding their tax responsibility. 

In August 2008, the General Accounting Office issued a report. According to this report, two out of every three rich, greedy, and powerful American corporations paid NO FEDERAL INCOME TAXES between 1998 and 2005.  I repeat : We have a $13.8 trillion national debt, and according to a GAO report published in August of 2008 two out of three corporations in the United States paid no Federal income taxes between 1998 and 
2005. But, check this out, fellow chumps : Those corporate tax dodgers had a combined $2.5 trillion in sales, yet paid no income taxes to the IRS. Pretty fucking amazing, huh??  I have several friends who are probably scratching their heads and wondering why they send off quarterly payments to the IRS that total more than what most ordinary Americans gross in 10 years. They may figure they're fading an unfair share of the freight. And, they are. 

On top of all that, check out a report from Citizens For Tax Justice :  82 Fortunate 500 (VOS' euphemism. Clever, isn't it ????) companies in America paid zero or negative zero in Federal income taxes in at least one year from 2001 to 2003. And the report goes on to say : 

     In the years they paid no income tax, these companies earned $102 billion in U.S. profits. The Tax Code mandates a 35 percent corporate tax rate, yet these venal assholes didn't pay the $35.6 billion mandated by the Internal Revenue Code. No sir, they generated so goddamned many excess tax breaks (this is the fault of the congressional whores who wrote the tax code for the benefit of their benefactors) that they received outright TAX REBATE CHECKS from the U.S. Treasury totaling $12.6 billion.

   So, when we take a comprehensive look at what is going on in this country, why we have a $13.8 trillion national debt, it is terribly important to understand that while the middle class (recall that now includes the non-rich affluent) pays its share of taxes, there are many large, rich, and powerful corporations that not only are paying nothing in federal income taxes, they are getting rebates from from that GIG FEDERAL GOVERNMENT that their cheerleaders are forever bashing. Strange fucking country we live in. 

On top of everything else, if you are a big, rich, and powerful corporation and you have a staff of bright lawyers and accountants, you know what to do. You invest your money in the Cayman Islands and in Bermuda, and you don't have to pay American taxes. 

Then, on top of all that --- when things get bad for American corporations, they will be bailed out by American taxpayers. Of course, when the middle class (including you non-rich affluent folks) get in a financial bind, well, tough shit. What do you think this country is ? Socialistic ? Marxist ? 

Why, in God's name, does this land of the free and home of the brave, allow business entities called corporations to exist in their current structure, and to possess such totalitarian power over our supposedly democratic government  ? Makes no sense.