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Andy and Laurie Sanborn Failed to Pay Their Property Taxes At Least 25 Times in 20 Years

Image from Senator Andy Sanborn on Facebook

Sanborns have a steady history of failing to pay their taxes on time, with at least 25 tax liens against their private homes and businesses over the last 20 years 

Concord, NH – State Senator Andy Sanborn and State Representative Laurie Sanborn failed to pay their property taxes at least 25 times over the past twenty years, according to research by Granite State Progress. The Sanborns have had dozens of tax liens placed against their private homes and businesses over the past two decades.

“Andy and Laurie Sanborn failed to pay their property taxes at least 25 times over the past twenty years,” said Zandra Rice Hawkins, executive director of Granite State Progress. “Those numbers are from Merrimack and Cheshire County alone as we have yet to even look at other areas of the state where they lived and worked. The Sanborn’s record of business bankruptcy, district hopping to run for political office, close relationships with the Free State Project, and now at least 25 tax liens in twenty years calls into question whether they are fit to represent New Hampshire.”

Not only have the Sanborns been delinquent on their taxes numerous times, they have feigned ignorance on at least two occasions when media outlets pointed it out. In May 2012, when questioned about tax liens against the Concord Monitor, Andy Sanborn said: “Honestly, I don’t know how we missed them, but we missed them. . . . We made a mistake and we corrected it today.”  Laurie Sanborn used the same line in February 2012 about a tax lien on a parking lot she owns, telling the Concord Monitor that she was unaware of a tax lien they questioned her about: “’I don’t know anything about that. Obviously, I’ll be taking care of that right away.” [Concord Monitor, “Tax liens peppered across city Unpaid taxes for 2011: $1.67 million.” 5.29.12;]

A 26-page list documenting examples of when the Sanborns failed to pay their property taxes is here.

America’s Largest Pharmacy “Inverts” To Avoid Paying Their Fair Share

Walgreens (Image by Mike Mozart Flickr CC)
Walgreens (Image by Mike Mozart Flickr CC)

Walgreens (Image by Mike Mozart Flickr CC)

The right wing has cut billions out of the Supplemental Nutrition Assistance Program, claiming that our country can’t afford to feed hungry children.  But at the same time, some of our country’s biggest recipients of federal aid – corporations such as Walgreens – are taking advantage of tax loopholes to avoid paying their fair share in taxes.

For decades we have watched our jobs be shipped offshore in corporate restructuring. They take the jobs from hard working Americans and send them to China or India to boost their corporate profit margins. However there is a new trend in Corporate America that is sweeping across the nation. It is called “inversion.”

Inversion is where an American company buys a foreign company and the renounces their US citizenship to avoid paying US taxes. The best part is that it is all done on paper, so they do not even have to pack a box from their corporate headquarters.

Walgreens started over 100 years ago in the small town of Galesburg, Illinois and has grown into the nations largest pharmacy chain, with revenue in the billions. Walgreens, which is still based in Illinois, announced that they are considering renouncing their “corporate citizenship” to move to Switzerland, a tax haven for corporations.

By renouncing their citizenship, Walgreens will avoid paying $4 billion dollars in corporate taxes annually. This is treasonous when you consider that one-quarter, $72 billion dollars, of Walgreens annual revenue comes from taxpayers in the form of Medicare and Medicaid payments. Walgreens is happy to take the taxpayers’ money but do not feel they should have to pay their fair share.

“Much of Walgreen’s financial success was built on programs and infrastructure provided by the U.S. government and paid for by U.S. taxpayers,” said Senator Dick Durbin (D-IL) in a letter to the Walgreens CEO and Board of Directors. “If you and Walgreen’s board of directors decide to invert to avoid U.S. taxes, you will be turning your backs on the very people that have allowed Walgreens to thrive and prosper.”

“Inversion schemes are bad for shareholders and bad for America,” said LIUNA General President Terry O’Sullivan. “They erode tax money that should be used for support U.S. infrastructure, education, national defense and other crucial programs. They potentially tarnish the reputation – and thus the value – of companies. And they can make it more difficult for shareholders to hold a company, its officers or directors accountable.”

LIUNA used their pension fund to send a letter to the Walgreens board of directors to institute a policy barring inversions.

“We need to start demanding a little more patriotism from these so-called American corporations,” said Richard Trumka, President of the AFL-CIO. “If they want to keep benefiting from everything our great country has to offer, they need to start showing a little more loyalty to the people who live and work in America. And they need to stop threatening to desert the United States and stop paying their taxes altogether unless we give in to their demands.”

Inversions are not new, corporations have been offshoring their corporate citizenship to avoid paying taxes for many years. Thanks to these corporate tax loopholes, 26 profitable corporations including Verizon and GE, paid zero in income taxes from 2008-2012. The most egregious part of this is that some of these highly profitable corporations actually got rebates and refunds from the federal government making their effective tax rate -10%.

We need to close these corporate loopholes that are letting billions of dollars slip through our fingers. It is also sickening to hear how the corporate tax rate is too high, when many of these highly profitable corporations pay less percentage wise than the average American.

Why does this type of activity not outrage more small business owners? These main street shops do not have the ability to invert to avoid paying their taxes. When will Congress start working for the people on Main Street instead of the people on Wall Street?

“Key members of Congress have introduced legislation based on Obama’s plan. Sen. Carl Levin (D-MI), Chairman of a subcommittee that has investigated tax avoidance by Apple and other corporations, has introduced the Stop Corporate Inversions Act of 2014 (S. 2360). Rep. Sander Levin (D-MI) has introduced a companion bill in the House of Representatives (H.R. 4679) that would raise $19.5 billion over 10 years,” reported the Americans for Tax Fairness.

“The President, Senator Wyden, Senator Levin and Representative Levin have all proposed solutions to plug the loophole and the Senate Finance Committee is holding a hearing on the issue today. Let’s get it done,” concluded Trumka.

Are we as Americans going to accept this treasonous activity from our nations largest pharmacy chain? We must close these corporate loopholes that allow corporations to skip out on paying their fair share.

 

UPDATE 8-5-14
Walgreens backs down on plan to invert.  Read more here.

LIUNA Pension Fund Proposal Calls on Walgreen Co. to Bar Inversions

LIUNA - The Laborers' International Union of North America
LIUNA - The Laborers' International Union of North America

LIUNA – The Laborers’ International Union of North America

“Bad for shareholders and bad for America” 

Washington, D.C. – A pension fund affiliated with LIUNA – the Laborers’ International Union of North America – today filed a shareholder proposal calling on the Walgreen Co. Board of Directors to institute a policy that bars inversions.

Companies which “invert” maintain the benefits of being based in the U.S., while slashing the amount of corporate taxes they pay.

The scheme – in which a U.S.-based corporation with operations outside the U.S. restructures so the U.S. parent operation is replaced by a foreign corporation – is estimated to cost the U.S. economy $20 billion in the next 10 years, according the White House. Walgreen’s consideration of the scheme has drawn criticism from President Obama and proposals in Congress to curtail it.

 The shareholder proposal was filed by the Massachusetts Laborers’ Pension Fund. LIUNA-affiliated funds have been active since 2005 in overseas incorporation issues involving U.S. companies.

 “Inversion schemes are bad for shareholders and bad for America,” said LIUNA General President Terry O’Sullivan. “They erode tax money that should be used for support U.S. infrastructure, education, national defense and other crucial programs. They potentially tarnish the reputation – and thus the value – of companies. And they can make it more difficult for shareholders to hold a company, its officers or directors accountable.”

 In addition, reincorporation outside the U.S. carries the risk of removal from the S&P 500 and other stock indices which can affect a company’s stock price.

 The proposal is the first of its kind in the retail industry.

Ayotte, Brown, Guinta, Garcia Call for Massive 74% Health Care Tax Hike on Granite State Working Families

Senator Kelly Ayotte Official Portrait

GOP Politicians Vow to Push a Massive 74% Tax Hike for Tens of Thousands of Granite Staters Already Using Affordable Care Act Tax Credit

Concord, NH – In light of one of yesterday’s court rulings, U.S. Senator Kelly Ayotte, U.S. Senate candidate Scott Brown, and Congressional candidates Frank Guinta (CD1) and Marilinda Garcia (CD2) vowed to push for a massive 74% health care tax hike on the 31,000 Granite Staters already using Affordable Care Act tax credits. Up to 48,000 Granite Staters overall are eligible for the subsidy.

“Senator Ayotte, Scott Brown, Frank Guinta, and Marilinda Garcia want to repeal the health care tax credit for working families and raise health care premium costs by a whopping 74 percent,” said Zandra Rice Hawkins, executive director of Granite State Progress. “If these politicians had their way, more than 30,000 Granite Staters would see their premiums rise by an average of $3,480 annually. That’s even before addressing the fact that these same politicians would take away free preventative care check-ups and young adult coverage up to age 26 as part of their extreme ideological opposition to health care reform.”

The ruling trumpeted by Ayotte, Brown, Guinta, and Garcia – all Republicans – would raise costs on average $3,480 for Granite Staters who use the Affordable Care Act subsidy to afford quality health care coverage. Already, 31,000 Granite Staters use the health care tax credit; overall 48,000 are eligible to do so.

“This wouldn’t even be an issue if New Hampshire Republicans hadn’t blocked a state-based exchange out of political spite. New Hampshire would have been able to craft its own exchange, manage the enrollment process, and conduct public education to inform residents about their health care options. We wouldn’t be facing any concerns over the tax credit now,” Rice Hawkins said.

Conservatives are celebrating a federal district court ruling in Washington, D.C. yesterday that would take away health care tax credits from families and small businesses that live in states where conservative Republicans blocked a state-based exchange. It is questionable whether the district court ruling will be upheld though; the ruling was made by a majority conservative 3-judge panel and may be overturned by the full DC Circuit en banc panel, especially in light of a separate, unanimous ruling yesterday by the 4th Circuit Court of Appeals that upholds the subsidies. The Obama Administration has indicated tax credits will continue until a final determination is made.

###

Sources:

Kaiser Family Foundation. A State-by-State Look at How the Uninsured Fare Under ACA. Accessed 7.22.14 http://kff.org/interactive/uninsured-gap/

Department of Health and Human Services, ASPE Research Brief: Profile of Affordable Care Act Coverage Expansion Enrollment for Medicaid/CHIP and the Health Insurance Marketplace, 10-2-2013 to 3-31-2014. April 2014. http://aspe.hhs.gov/health/reports/2014/MarketPlaceEnrollment/Apr2014/pdf/nh.pdf

Department of Health and Human Services, ASPE Research Brief: Premium Affordability, Competition, and Choice in the Health Insurance Marketplace, 2014. June 2014. http://aspe.hhs.gov/health/reports/2014/Premiums/2014MktPlacePremBrf.pdf

 

MA Nurses Association Release New Ad Calling For Hospital Transparency

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image002TV and Radio Ads Launched on Hospital CEOs Receiving Excessive Pay and Storing Public Funds in Cayman Islands 

Ads Urge Legislators to Demand Accountability and Transparency 

BOSTON, MA — A TV and radio campaign has been launched to highlight spendthrift hospital CEOs stashing millions of tax dollars in offshore accounts and rewarding themselves with extravagant compensation packages.

The launch of the statewide TV and radio campaign is timed to focus on the end of the legislative session. It urges residents to call their state legislators and demand greater transparency in hospital finances.

The ad shows two hospital CEOs clicking glasses of champagne on a beach in the Cayman Islands and enjoying a lavish taxpayer subsidized lifestyle.

The voiceover describes the billion dollars in profits Massachusetts hospitals enjoy, the millions in tax dollars they receive (more than 50% comes from taxpayer-funded government sources), the exorbitant salaries they pay their CEOs and the refusal by hospitals to disclose how much money they store in the Caymans or how they spend the millions of tax dollars they’re given each year. 

“Taxpayers have the right to know if there tax dollars are paying for patient care or million dollar salaries for hospital CEOs. And legislators making decisions on reimbursement rates for hospitals should insist that hospitals disclose how much money they store in offshore accounts and why hospitals don’t keep those funds in Massachusetts banks where they would benefit the Massachusetts economy.” said Donna Kelly-Williams, RN, President of the Massachusetts Nurses Association.

In response to hospital claims that funds are stored in the Caymans to save patients money, MNA Executive Director Julie Pinkham said “That excuse doesn’t pass the ‘laugh test.’ Surely Massachusetts hospitals that receive millions of our tax dollars could find an institution in our state to store their reserves. And if they have so much excess money that they can pay their CEOs millions and stash funds in the Caymans, then they should stop cutting needed services and start lowering the prices they charge patients.”

The ads are intended to urge legislators to pass the Hospital Profit Transparency and Fairness Act (H3844). The law would require that hospitals receiving tax dollars disclose in a timely and fully transparent manner how large their profit margins are, how much money they hold in offshore accounts, and how much compensation they pay their CEOs. To ensure access to needed services by all patients, the act also provides for enhanced funding options for hospitals serving poorer populations. If the measure does not pass by July 2, the issue will appear as a ballot measure this November.

The ads, sponsored by the Committee for Transparency and Fairness in the Use of Taxpayer Funds by Hospitals, ends with “Tell your legislators to shed some light on how hospital CEOs spend our tax dollars.”

50,000 Massachusetts Residents Call For Hospital Finance Transparency

Hospital Profit Transparency and Fairness Act

50,000 Signatures Gathered For Two Ballot Initiatives Ensuring That They Go Before the Voters in November:

Patient Safety and Hospital Finance Transparency
New Poll Finds Strong Support for Both Initiatives by Mass Voters 

Hospital Profit Transparency and Fairness ActCANTON, Mass. — The Massachusetts Nurses Association/National Nurses United announced today that it has collected and will submit the final round of signatures needed for two ballot initiatives that will dramatically improve patient safety in Massachusetts’ hospitals and ensure that tax dollars for health care are used for patient care not excessive CEO compensation or accounts in the Cayman Islands.

More than 50,000 signatures on both measures were gathered by nurses and supporters from health care, social justice, labor and senior advocacy groups throughout the Commonwealth, who were out in their communities, at special events, shopping centers and local festivals over a four week period. Both initiatives met with wide acceptance by the public. Allowing MNA/NNU to submit well over the 11,000 signatures required by law to place each question on the ballot in November.  Once town clerks certify the signatures, the petitions will be delivered to the Secretary of State for final approval.

“We are thrilled that the public is so receptive to both of these important initiatives. It’s a testament to how important the issues of safe patient limits and hospital financial transparency are to the public,” said Donna Kelly-Williams, RN, President of the MNA/NNU. “Many voters were shocked to learn that there is currently no limit on the number of patients hospitals can assign to a registered nurse at one time. And most voters expressed outrage that hospitals are storing tax dollars in offshore accounts and paying their CEOs excessive compensation, while hospital administrators cut services vital to communities.”

A recent poll of Massachusetts voters on both questions finds strong support for both measures, with nearly 7 in 10 voters (67 percent) supporting the Patient Safety Act and 6 in 10 voters (60 percent) supporting the Hospital Profit Transparency and Fairness Act.

The Patient Safety Act (HB 3843) – Safe Patient Limits Will Save Lives

On Wednesday, June 18, the MNA/NNU will deliver petitions with more than 25,000 signatures to town clerks for certification of the Patient Safety Act, a ballot initiative that will set a safe maximum limit on the number of patients assigned to a nurse, while also providing flexibility to hospitals to adjust nurses’ patient assignments based on the needs of the patients.

Dozens of studies and reports have shown the need to set a maximum limit on the number of patients that can be assigned to each registered nurse if we are to avoid — mistakes, serious complications and preventable readmissions. To view these studies and to learn more about the initiative, visit PatientSafetyAct.com

A recent survey found that nearly 8 in 10 registered nurses (78 percent) in Massachusetts hospitals say that patient care is suffering because hospitals require nurses to care for too many patients at once, and nearly 9 in 10 nurses (88 percent) support the Patient Safety Act.  A survey of physicians in Massachusetts found 6 in 10 doctors (62%) believe hospital care is suffering because of excessive patient loads for nurses, and a majority (58 percent) support the initiative.

The Hospital Profit Transparency and Fairness Act  (HB 3844)

On June 18 the MNA/NNU will also deliver petitions with more than 25,000 signatures to town clerks for certification of the Hospital Profit Transparency and Fairness Act. The law would require that hospitals receiving tax dollars disclose in a timely and fully transparent manner how large their profit margins are, how much money they hold in offshore accounts, and how much compensation they pay their CEOs. To ensure access to needed services by all patients, the act also provides for enhanced funding options for hospitals serving poorer populations.

“Every hospital, receives a substantial amount of money from tax dollars to provide health care for the residents of Massachusetts, yet there is no way for the public and policy makers to know how those taxpayer dollars are allocated,” said Julie Pinkham, RN, Executive Director of MNA/NNU. “Too many hospitals store money in the Cayman Islands or use tax dollars for excessive CEO compensation, while community hospitals that serve predominately poor patients are struggling to survive. The public has a right to know how and where their health care dollars are being spent.”

7 in 10 doctors (72 percent) favor the Transparency Initiative and believe that greater financial transparency will help to protect valuable patient services.

The legislature has until July 2 to act on both initiatives, and if they fail to do so, both measures will appear as a ballot question this November.

Senator Shaheen Files Amendment To Tax Bill To Promote Jobs For Veterans

Shaheen-021109-18432- 0009

(Washington, DC) – U.S. Senator Jeanne Shaheen (D-NH) today filed an amendment to promote job creation and economic opportunity for U.S. veterans to legislation extending expired job-creating tax credits currently under consideration by the Senate. The Veterans Hiring Act would cut payroll taxes for businesses that hire veterans creating immediate incentives for employers to provide jobs for veterans.

“The men and women who serve in our armed forces deserve our support while deployed and when they return home,” Shaheen said. “My plan incentivizes the hiring of our service members by giving companies access to immediate savings when they hire veterans. This straight-forward proposal will promote jobs for veterans and help small business expand and grow our economy.”

The unemployment rate for U.S. Iraq and Afghanistan veterans was 9 percent for 2013, more than 2 percent higher than the national average. Shaheen has made promoting economic opportunity and jobs for veterans one of her top priorities in Washington. She has visited numerous businesses across New Hampshire that have been leaders in hiring veterans and has introduced legislation such as the Veterans Entrepreneurship Act to help veterans start and grow small businesses.

Previously Shaheen filed an amendment designed to protect New Hampshire and other non-sales tax states from the burden of collecting sales taxes for other jurisdictions on online sales.

 

During Teacher Appreciation Week Shea-Porter and Ros-Lehtinen Press for Action on REPAY Supplies Act

Congresswoman Carol Shea-Porter 
(image by MARCN Creative Commons On Flickr)

During Teacher Appreciation Week and as Congress Considers Tax Extenders, Shea-Porter and Ros-Lehtinen Press for Action on REPAY Supplies Act

“Classroom Expense Deduction must be addressed”

WASHINGTON, DC – As our nation celebrates Teacher Appreciation Week and leaders in Congress work to extend tax deductions that expired at the end of 2013, Representatives Carol Shea-Porter (D-NH) and Ileana Ros-Lehtinen (R-FL) urged Speaker John Boehner (R-OH) and Ways and Means Committee Chair Dave Camp (R-MI) to hold a vote on the REPAY Supplies Act, legislation to continue a historically bipartisan tax deduction available to teachers who purchase classroom supplies with their own money.

“The Classroom Expense Deduction is a tax extender that we can all agree should not only be extended but should be made permanent. H.R. 3318, the REPAY Supplies Act, would do exactly that and given that this is Teacher Appreciation Week, we urge you to bring the bill to the floor for a vote as soon as possible,” Shea-Porter and Ros-Lehtinen wrote.

The Classroom Expense Deduction allows teachers who pay out of their own pockets for classroom supplies like books, software, and rulers, to claim a $250 above-the-line deduction on their tax returns. This deduction has traditionally been bipartisan and extended every year since 2002, but it was allowed to expire at the end of 2013.

The bipartisan Reimburse Educators who Pay for Academic Year (REPAY) Supplies Act of 2013 would permanently extend the Classroom Expense Deduction. Introduced in October 2013, the REPAY Supplies Act came in response to a letter Shea-Porter received from  Margaret Morse-Barry, a New Hampshire educator who urged Shea-Porter to look into extending the expiring tax deduction. In March, Shea-Porter and Ros-Lehtinen urged the House Ways and Means Committee to hold a hearing on H.R. 3318.

This week, Shea-Porter launched the hashtag #REPAYSupplies, and encouraged House colleagues to participate in a social media awareness drive. Tweets can be viewed here.

The REPAY Supplies Act has been endorsed by the National Education Association (NEA), National Association of Elementary School Principals (NAESP), National Association of Secondary School Principals (NASSP), Association for Career and Technical Education (ACTE), National Science Teachers Association (NSTA), American Federation of Teachers (AFT),  NEA–New Hampshire Chapter, AFT–New Hampshire Chapter, and New Hampshire School Administrators Association.

Full text of the letter to Speaker John Boehner and House Ways and Means Committee Chairman Dave Camp is below.

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May 7, 2014

The Honorable John Boehner
Office of the Speaker of the House
H-232, U.S. Capitol
Washington, D.C. 20515

The Honorable Dave Camp
Chairman, House Committee on Ways and Means
1102 Longworth House Office Building
Washington, D.C. 20515

Dear Speaker Boehner and Chairman Camp:

We understand the difficult nature of reforming our nation’s tax code and appreciate the attention being given to the tax extenders that expired at the end of 2013. One tax extender that must be addressed is the Classroom Expense Deduction, a historically bipartisan tax deduction available to teachers who purchase classroom supplies with their own money. The Classroom Expense Deduction is a tax extender that we can all agree should not only be extended but should be made permanent. H.R. 3318, the REPAY Supplies Act, would do exactly that and given that this is Teacher Appreciation Week, we urge you to bring the bill to the floor for a vote as soon as possible.

Our country’s teachers are hardworking and dedicated to the success of their students.  Many people do not realize, though, that teachers often use their own money and personal time to further ensure that their students receive a quality education. The Classroom Expense Deduction allows teachers who pay out of their own pockets for classroom supplies like books, software, and rulers, to claim a $250 above-the-line deduction on their tax returns. This deduction has traditionally been bipartisan and extended every year since 2002, but it was allowed to expire at the end of 2013.

As our nation celebrates Teacher Appreciation Week, let us show our thanks to our educators by making the Classroom Expense Deduction permanent. The sixty-five bipartisan cosponsors of the REPAY Supplies Act agree: the Classroom Expense Deduction should be a permanent part of our tax code. Please help us show teachers that they are truly appreciated by scheduling the REPAY Supplies Act for a vote as soon as possible.

 

Sincerely,

 

Carol Shea-Porter

Member of Congress

 

Ileana Ros-Lehtinen

Member of Congress

 

CC: Ways and Means Committee Members

How One Profitable Company Took Home A Tax Refund Equal To All Of The SNAP Benefit Cuts

Taxes Cartoon

Taxes Cartoon

Last year the Republicans in the House pushed to cuts the SNAP program by $5 billion dollars over the next ten years.  These draconian cuts reduced benefits to millions of hungry children.   The GOP claims we need to balance the budget and they refuse to make changes to the tax rates, which would lead to higher revenues.  “NO NEW TAXES!” Republicans across the country have vowed, even signed pledges, not to raise taxes or create any new taxes.   Because the Republicans are unwilling to make changes to our tax system, they insist on making cuts to programs like SNAP, to balance our budget.

Our taxes help to pay for everything from the town snowplow driver to the roads we drive on.  They pay for the schools and the teachers who educate our children.  They pay for the police officers and firefighters who keep us safe, day and night.  That is what our taxes pay for.  Taxes are the financial foundation that our community is based on.

Nationally our taxes pay for so many things that it would take 1000 pages just to list them all.  The US Government helps to fund businesses large and small, research to make our lives better, and programs designed to keep people out of poverty.  Again our taxes are there to create a better society to live in.

Think about what America would look like if we did not pay taxes?  How would we get from place to place without roads? Or airports? It is truly scary to think about.

This explains why people become so outraged when politicians make drastic cuts to social assistance programs like the Supplemental Nutrition Assistance Program (SNAP).

What if there was a way that we could reverse the cuts to SNAP, reduce our national debt, and build a better community all at the same time, all without creating new taxes.  Would you be in favor of that?  I know that I would.

The answer is a simple as making sure that everyone is paying their fair share of the taxes. It all comes from closing the loopholes in the tax code that allow corporations to avoid paying their fair share.

For example, from 2008-2013 General Electric made $33 billion dollars in profits and received a tax rebate.  GE received $2.9 billion dollars in federal tax refunds in the last 5 years.   If this continues the federal government will give GE over $5.8 billion dollars in tax refunds over a ten-year period.  That is $800 million dollars more that all of the SNAP cuts in the same ten years.

How is that even possible? How does a highly profitable company get a tax refund of billions of dollars?  Due to loopholes and the offshoring of profits, GE effectively got their tax rate to -9%, hence the refund.  Last year my effective tax rate was 18% and I did not make $100 million dollars.

The worst part is GE is not alone in this atrocity.  Boeing, Verizon, Bank of America, Citigroup all made billions in profits and had effective tax rates so low, they did not have to pay taxes, they received a refund.  In fact Boeing (-2% tax rate) and Verizon (-2% tax rate) alone collected over $1.2 billion dollars in tax refunds over the last five years.

The list goes on. Pfizer pharmaceuticals, who are quickly becoming the master of offshoring profits, made $43 billion between 2010-2012, and received a $2.2 billion dollar refund. FedEx made $2.7 billion dollars in profits in 2011 received a refund of $135 million dollars.  Honeywell made $3 billion and received $510 million in refunds.

That is an extra $4 billion in tax refunds to corporations who are exporting jobs, and raking in massive amounts of profits.  This does not even include the trillions of dollars given to Citigroup and Bank of America during the “Wall Street bailout.”

The same corporations that are reaping huge rewards from the US Government are pushing to further destroy our social safety net.  Many of the CEO’s are calling for deeper cuts to Social Security and other programs.  They are also pushing to raise the eligibility age requirement for Medicare and Social Security.

We could restore all the cuts to SNAP program and put billions towards the deficit, just by making sure that these corporations are just paying their fair share.  Our communities are staving for funds and a handful of corporations are walking away with billions of our tax dollars.

 

 

For more information on the Top 10 worst tax avoiders click here.

NH State Senator Fuller-Clark Encourages Residents To File Their Taxes For Free

http://2bgr8stock.deviantart.com/art/Money-Cash6-117258936 By 2bgr8STOCK

Fuller Clark Urges Constituents to Prepare for Tax Day on April 15 and Use IRS Free File for Online Tax Assistance E-Filing or Extensions

Taxpayers Making $58,000 or Less Can Visit www.IRS.gov/freefile to Prepare and E-File Federal Tax Returns with Free Software & Step-by-Step Help

(Portsmouth,NH) – Senator Martha Fuller Clark today encouraged constituents to take advantage of free tax preparation services available through the Free File program. Every taxpayer with a 2013 Adjusted Gross Income of $58,000 or less may visit www.IRS.gov/freefile to prepare, complete and e-file their federal tax returns at no cost.

Free File is made possible through a partnership between the IRS and the Free File Alliance, a coalition of industry-leading tax software companies. Since its inception in 2003, the program has offered 70 percent of taxpayers free access to leading commercial tax preparation software from Free File Alliance member companies. Free File has already saved taxpayers an estimated $1.2 billion in filing costs.

“Since Tax Day is quickly approaching, I encourage taxpayers making $58,000 or less to take advantage of the free tax services available from the IRS and Free File Alliance by visiting www.IRS.gov/freefile,” said Senator Martha Fuller Clark. “Anyone can use Free File to electronically file a tax return or, if necessary, submit an extension – giving themselves an extra six months to prepare and file a federal tax return.”

IRS Free File is available at www.IRS.gov/freefile, which provides a list of Free File Alliance member companies and their free tax software offerings. Users may either choose the company that fits their needs or utilize the “Help me Find Free File Software” tool. After selecting a company, users will be transferred to the company’s website to prepare, complete and electronically file their federal income tax returns. The service is also available in Spanish.

Free File also offers basic federal e-filing services with no income limitations. This basic e-filing service, called Free File Fillable Forms, allows taxpayers who are familiar with tax law and need no preparation assistance to complete and file their federal income tax electronically. It is also available at www.IRS.gov/freefile.

“Free File makes tax time simple, fast and free for 70 percent of Americans,” said Tim Hugo, executive director of the Free File Alliance. “Since 2003, the Free File Alliance has partnered with the IRS to give taxpayers access to leading online tax preparation software and critical step-by-step support. This year, we invite every taxpayer making $58,000 or less to join the 40 million Americans who have already saved time and money by using Free File.”

Free File Alliance member companies have continually worked with the IRS to strengthen the Free File program, and taxpayers have consistently reported that it is user-friendly and efficient. Responding to a 2009 IRS survey, 96 percent of users said they found Free File easy to use, while 98 percent said they would recommend the program to others.

 

About the Free File Alliance

The Free File Alliance, a coalition of 14 industry-leading tax software companies, has partnered with the IRS since 2003 to help low and middle-income Americans prepare, complete and e-file their federal tax returns online. The Free File Alliance is committed to giving 70 percent of Americans free access to the industry’s top online tax preparation software. About 40 million returns have been filed through Free File since its inception. For more information, visit www.freefilealliance.org.

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