Here’s something to flash at any friends of yours who insist on defending Bush’s “tax cut,” or for that matter, who feel that making corporations pay taxes is just the most destructive thing possible for our economy. According to a study conducted jointly by Citizens for Tax Justice (CTJ) and the Institute on Taxation and Economic Policy (ITEP) , most corporations aren’t paying diddly when the taxman comes around:
“The data indicate that in 2003, the average American taxpayer paid more in federal income taxes than AT&T, Time Warner, and Disney combined,” said Steve Hill of the Maryland Budget and Tax Policy Institute, a local think tank that has examined state corporate tax issues. Together, those companies earned $8.7 billion, but received an estimated $543 million in federal tax rebates.”
If you’re not outraged, then maybe you’ve just gotten too used to being screwed.