Top 25 Corporate Tax Break Recipients, 2001-03 ($-mill.)

[Flabbergasted]

http://www.ctj.org/corpfed04an.pdf

Pretax
Profits
Tax
Breaks
Breaks cut
taxes by
1 General Electric $ 36,809 $ 9,481 –74%
2 SBC Communications 30,321 9,032 –85%
3 Citigroup 42,968 4,626 –31%
4 IBM 13,935 4,617 –95%
5 Microsoft 29,455 4,599 –45%
6 AT&T 13,453 4,572 –97%
7 ExxonMobil 21,388 4,268 –57%
8 Verizon 12,264 4,234 –99%
9 JPMorgan Chase 10,885 3,929 –103%
10 Pfizer 14,517 3,889 –77%
11 Altria (Philip Morris) 29,192 3,341 –33%
12 Wachovia 12,846 3,259 –72%
13 Boeing 5,688 3,058 –154%
14 Bank of America 38,574 2,959 –22%
15 Time Warner 6,229 2,637 –121%
16 Wells Fargo 23,885 2,459 –29%
17 ConocoPhillips 7,906 1,985 –72%
18 Intel 9,895 1,972 –57%
19 Merrill Lynch 8,893 1,966 –63%
20 Prudential Financial 2,264 1,838 –232%
21 Viacom 9,523 1,812 –54%
22 United Technologies 5,155 1,750 –97%
23 BellSouth 12,663 1,632 –37%
24 Allstate 6,396 1,631 –73%
25 American Express 7,282 1,541 –60%
Total these 25 companies $ 412,387 $ 87,089 –60%
Other 250 companies 644,651 88,075 –39%
All 275 companies $ 1,057,038 $ 175,164 –47%

[RagingInMiami]

1. This should be printed out and handed to anyone who complains

about the democrats giving their tax money away to welfare recipients.

[ClintonTyree]

2. Good for them....

now let THEM pay for Bush's war! They're the only ones benefiting from Bush's disastrous economic and foreign policies, they can pay for his fucking war. We, the people of the United States, ARE SICK OF IT! :puke:

[Phoebe Loosinhouse]

3. Banks, Pharma, Oil, Communications

Corporate welfare! I guess we are all subidizing the gigantic corporate salaries and bonuses as well. Exxon gets a tax break at the same time it pays it's CEO a gazillion dollars. GE gets a tax break while at the same time they pay for Jack Welch's toilet paper in retirement. It's all just a matter of priorities.

[justice1]

4. In the governments defense

They have to give them tax breaks, because the public can't afford their products.

[Phoebe Loosinhouse]

5. ????? Please explain. nt.

[Flabbergasted]

7. I'm not understanding this either?

[Captain Hilts]

6. If only folks understood the true Welfare Queens are corporations. nt

[Jayhawk Lib]

8. Corporations do not pay taxes....

Corporations collect taxes. Corporate taxes are a cost of doing business and guess who ends up paying that tax. It is you and I the customers of the corporation.