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December 09, 2002
Snow's CSX Tax Freeloader
Citizens for Tax Justice has a press release noting that CSX:
federal income tax at all.
U.S. profits over the four years with a total of $164 million in tax rebate checks
from the federal government.
Well-- he sounds like the perfect guy to represent Bush's corporate welfare economic policy.
Thanks to Josh Marshall for the link.
Posted by Nathan at December 9, 2002 04:21 PM
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Comments
1) Rules exist to guide how much you (and corporations) pay in taxes)
2) If you obey those rules, and your tax liability is zero (which is can be, as taxes can be deferred due to depreciation and the like), good for you
3) I doubt if many American citizens do their taxes, look at the number, and say "Gee, this looks a bit low.. maybe I ought to send in a couple extra thousand just cause I love taxes so much."
4) Your statement also applies to most of the people receiving the earned income tax credit, who payed zero in taxes and yet received a tax rebate check from the federal government
Posted by: Grant at December 12, 2002 03:00 PM
