- Feb 22, 2007
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Corporations are taking over, before long we will not be electing government officials, it will be only stockholder meetings.
AT&T paid no taxes and got a $400+ million refund due to new laws they lobbied for and of course were approved.
http://www.dslreports.com/shownews/ATT-Paid-No-Federal-Taxes-in-2011-Saw-420-Million-Refund-120912
AT&T paid no taxes and got a $400+ million refund due to new laws they lobbied for and of course were approved.
http://www.dslreports.com/shownews/ATT-Paid-No-Federal-Taxes-in-2011-Saw-420-Million-Refund-120912
AT&T is one of 26 companies that paid their CEOs more than they paid in taxes last year according to a new study by the Intstitute for Policy Studies. According to the report, the 26 companies paid their CEOs an average of $20.4 million last year while paying little or no federal tax on what were significant profits. In 2011, AT&T paid CEO Randall Stephenson $18.7 million, while getting a $420 million refund. That hefty refund was courtesy of new "accelerated depreciation" rules corporations bought lobbied for, resulting in you or your local community picking up the tab from the taxation shortfall created.