From Accountable.US An Accountable.US review has found that five of these tax-dodging corporations had an average effective tax rate of -11.6% and together owed -$636 million in federal income tax in 2020—meanwhile in 2019, the average taxpayer owed $10,649 in taxes for an average tax rate of 13.3%. Then in 2021, these same companies started raising costs on American consumers…
Category: corporate welfare
The Government Gave Free PPP Money to Public Companies Despite Warning Them Not to Apply — ProPublica
As Congress launched a historic bailout to keep businesses afloat at the outset of the pandemic, government officials stressed that the loans were for mom-and-pop operations that didn’t have another easily available lifeline. “This was a program designed for small businesses,” then-Treasury Secretary Steven Mnuchin said, as companies like Shake Shack and Potbelly made headlines…
ValueEdge Advisors 