Boeing’s Amazing Shrinking Tax Rate!

By: Monday February 24, 2014 6:30 pm

Last year, government contracting behemoth Boeing paid an effective tax rate of -1.4%.

Yes, you read that correctly—negative 1.4%.

According to a new report from the Center for Effective Government, one of America’s biggest corporations, with profits ranging from $1.6 to $5.9 billion over the last five years, found ways to whittle down its effective tax rate so much that it became, in effect, a source of revenue as they reaped a whopping $82 million tax refund on $5.9 billion in profits.

 

FDL Book Salon Welcomes William Hartung, Prophets of War: Lockheed Martin and the Making of the Military-Industrial Complex

By: Sunday January 16, 2011 1:59 pm

“A detailed accounting of all of Lockheed Martin’s government contracts could fill several large volumes,” writes William Hartung, in his new book Prophets of War, a history of the nation’s largest defense contractor. “Suffice it to say that they are involved at one level or another in nearly everything the federal government does, from providing instruments of death and destruction to collecting taxes and recruiting spies.”

For those who have followed the defense industry for years, that statement is no revelation, but for the vast majority of the American public, the notion that the maker of the radar-evading F-22 Raptor aircraft has also been involved in sorting the mail is both surprising, and important.

About that Budget…

By: Friday July 2, 2010 6:01 am

I don’t know about you, but I am just tickled pink that Nancy Pelosi punted on passing a budget and handed responsibility for cutting the deficit by 3% of GDP to the fucking Republican CEO of Honeywell.

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