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Pay Up Now

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April 30, 2012 Article: Five Tax Fallacies Invented by the 1%

 

2008-2012 Tax Data, 40 Companies

 

Company Tax-Paying Rankings

 

 

Pay Up Now is an online effort by US Uncut Chicago members to boycott corporations that pay little or no federal income tax.

Choose a company, note the products or services you need to avoid, and click 'Send Message' to tell them to PAY UP NOW.

 

Company

Tax Avoidance Information (see References here)

 

Products

Contact Them

General Electric (GE)

General Electric made $44 billion from 2008 to 2010, but received over $4 billion in tax rebates! (Listen to more...)

Appliances, Energy, Finance, Weapons

 

Send message to GE

Bank of America (BAC)

Forbes asked in 2010: "How did Bank of America not pay any taxes on $4.4 billion in income?" Bloomberg explains: its financial statements were “delusional” (Listen to more…)

 

 

5,900 locations

Send message to Bank of America

Exxon Mobil (XOM)

 

Oil giant Exxon made $34 billion of net income in 2009, but paid no income taxes in the United States…(Listen to more)

 

28,000 gas stations in 100 countries

 

Send message to Exxon

Citigroup (C)

Citigroup had 4 quarters of billion-dollar profits in 2010, but paid no taxes...(Listen to more)

 

200 million customer accounts

 

Send message to Citigroup

Wells Fargo (WFC)

 

Wells Fargo purchased Wachovia and claimed a $19 billion tax credit, despite a record net income of $12.3 billion…(Listen to more)

 

6,600 bank branches

 

Send message to Wells Fargo

Hewlett-Packard (HPQ)

 

HP's U.S. income tax rate was 4.3% in 2008 and 2.3% in 2009…

(Listen to more)

 

PCs, printers, networks

 

Send message to HP

Verizon (VZ)

 

Verizon's 10.5% tax rate is "due to its...venture with Vodafone." Vodaphone has been the primary target in UK Uncut's protests…(Listen to more)

 

wireless telephone

 

Send message to Verizon

Chevron (CVX)

 

Of this year's taxes, just $200 million were paid in the U.S." That's a 1% tax rate…(Listen to more)

 

9,600 gas stations (Chevron and Texaco)

 

Send message to Chevron

Boeing (BA)

 

Boeing paid no U.S. taxes on over $4 billion of income in 2010. In fact, they got $124 million back from the taxpayers…(Listen to more)

 

commercial jets and defense equipment

 

Send message to Boeing

AIG (AIG)

 

AIG helped individuals trying to shelter hundreds of millions of dollars in profits from federal taxes…(Listen to more)

 

insurance subsidiary list

Send message to AIG

Carnival (CCL)

 

Carnival Cruise Lines paid 1% in taxes on its $11.5 billion profit…

(Listen to more)

 

cruises

Send message to Carnival

Koch Industries (private)

The government subsidies and tax-free benefits that accrue to the "libertarian" Koch brothers have been well documented…(Listen to more)

Brawny, Dixie, Northern, Stainmaster,

Angel Soft, Mardi Gras, Vanity Fair, Georgia-Pacific

 

Send message to Koch

Newscorp (NWS)

 

With 782 tax havens, Newscorp paid "astoundingly low taxes"…

(Listen to more)

 

Fox News, Wall Street Journal, HarperCollins Publishing

 

Send message to Newscorp

Google (GOOG)

 

Google cut taxes by $3.1 billion by moving profits through Ireland to Bermuda...(Listen to more)

 

search engine, gmail, youtube, various apps

 

Send message to Google

Merck (MRK)

 

Merck brought more than $9 billion from abroad without paying any U.S. tax…

(Listen to more)

 

pharmaceuticals, Dr. Scholl, Claritin

 

Send message to Merck

Pfizer (PFE)

 

Pfizer imported more than $30 billion from offshore, erasing a $10 billion tax hit…(Listen to more)

 

pharmaceuticals, Lipitor, Celebrex, Lyrica, Prevnar, Norvasc, Viagra

 

Send message to Pfizer