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.

 

Majority Think Wealth Should Be More Evenly Distributed

By: Saturday April 16, 2011 5:20 pm

While there is a strong belief that wealth should be more evenly distributed, the country is more divided on whether or not the government should correct this problem by heavily taxing the rich and redistributing the wealth.

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