From Big Banks Tax Drain:
Six banks – Bank of America, Wells Fargo, Citigroup, JPMorgan Chase, Goldman Sachs, and Morgan Stanley together paid income tax at an approximate rate of 11% of their pre-tax US earnings in 2009 and 2010. Had they paid at 35%, what they are legally mandated to pay, the federal government would have received an additional $13 billion in tax revenue. This would cover more than two years of salaries for the 132,000 teacher jobs lost since the economic crisis began in 2008.From Working Washington:
Will you join us at a rally at Chase Bank to tell corporate America that we expect them to pay their fair share?
Rally for Corporate AccountabilityWHEN: Wednesday, Sept. 21 at noonWHERE: Chase Bank, 1201 3rd Ave., SeattleSIGN UP HERE: http://action.workingwa.org/
accountabilityWe've waited around for politicians, CEOs and big corporations to do the right thing. We're done waiting, and we're done asking. It's time to stand up for ourselves and tell them we need good jobs now.