Monday, September 19, 2011
Rick Rothacker, The Charlotte Observer
Rick Rothacker, The Charlotte Observer
Bank of America Dodges Taxes Like A Good Citizen
Aggressive tax-dodger Bank of America paid no federal income tax in 2010 and received a $1 billion refund.
According to the Charlotte Observer, Bank of America is taking it's role as a coroporate "citizen" very seriously. By taking every step necessary to avoid paying taxes.
Corporations only pay taxes on their profits and because Bank of America posted a loss for the second straight year they were able to collect a refund just like any average tax-paying citizen.
Does anyone else see the beginnings of an epidmemic? How many corporations will start reporting federal income tax losses in order to avoid paying taxes?
Read Full The Charlotte Observer Article
Posted by Editor on 09/19/11 at 09:45 AM •
(0) Comments
Share Your Ire
blog comments powered by Disqus