Saturday, 06 February 2016 / TRUTH-OUT.ORG
  • Feeding the Military-Industrial Complex

    The US's military procurement machine may be the single most successful system of wealth transfer ever devised. But as a provider of working equipment to defend the country against realistic threats, it is becoming more and more dysfunctional.

  • A New Era of Global Protest Begins

    In line with the steady rise in social unrest over the past decade, it's likely that we will witness an unprecedented escalation in large-scale citizen protests across the globe in 2016 and beyond.

NEVER MISS ANOTHER STORY

Truthout can deliver investigative journalism to your inbox every day, with no ads or sponsored content - ever.

Keep up to date by subscribing to our daily newsletter!

Optional Member Code

Financial Industry Collects the Most Government Tax Subsidies

Wednesday, 09 November 2011 03:37 By Pat Garofalo, ThinkProgress | Report

A new Citizens for Tax Justice report detailing how little corporations pay in federal corporate income tax also noted that financial firms receive the highest percentage of federal tax subsidies, collecting nearly 17 percent of the tax largesse that the government hands out. The largest single recipient of federal tax subsidies over the last three years was mega-bank Wells Fargo.

Pat Garofalo

Pat Garofalo is Economic Policy Editor for ThinkProgress.org and The Progress Report at American Progress.


Hide Comments

blog comments powered by Disqus
GET DAILY TRUTHOUT UPDATES
Optional Member Code

FOLLOW togtorsstottofb


Financial Industry Collects the Most Government Tax Subsidies

Wednesday, 09 November 2011 03:37 By Pat Garofalo, ThinkProgress | Report

A new Citizens for Tax Justice report detailing how little corporations pay in federal corporate income tax also noted that financial firms receive the highest percentage of federal tax subsidies, collecting nearly 17 percent of the tax largesse that the government hands out. The largest single recipient of federal tax subsidies over the last three years was mega-bank Wells Fargo.

Pat Garofalo

Pat Garofalo is Economic Policy Editor for ThinkProgress.org and The Progress Report at American Progress.


Hide Comments

blog comments powered by Disqus