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ralph nader on expectations, the american dream, corporate welfare
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<blockquote data-quote="DriveInDriѵeOut" data-source="post: 2166539" data-attributes="member: 44954"><p>You have to factor in all their corporate welfare. When you factor in all the subsidies lots of companies pay negative tax rates.</p><p></p><p>Not to mention tax loopholes.</p><p><strong>"Jetblue, PG&E</strong> and <strong>Ryder</strong> used accelerated depreciation, a tax break that allows companies to write off the cost of their capital investments much faster than these investments wear out, to dramatically reduce their tax rates. CTJ has estimated that closing the accelerated depreciation loophole could raise more than $428 billion over the next decade.[2] Both Congress and President Barack Obama, however, have supported expanding the scope of this tax break in recent years. "</p></blockquote><p></p>
[QUOTE="DriveInDriѵeOut, post: 2166539, member: 44954"] You have to factor in all their corporate welfare. When you factor in all the subsidies lots of companies pay negative tax rates. Not to mention tax loopholes. [B]"Jetblue, PG&E[/B] and [B]Ryder[/B] used accelerated depreciation, a tax break that allows companies to write off the cost of their capital investments much faster than these investments wear out, to dramatically reduce their tax rates. CTJ has estimated that closing the accelerated depreciation loophole could raise more than $428 billion over the next decade.[2] Both Congress and President Barack Obama, however, have supported expanding the scope of this tax break in recent years. " [/QUOTE]
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