‎Corruption‬

You pay ‪taxes‬ and the billionairs pay nothing:

Companies get away with paying nothing while citizens pay for every dollar double taxes while earning their income paying taxes and while spending it.

Large companies paid no income tax in 2014, even though they reported a profit for the year according to USA Today.

That means there are a record 54 U.S. giant corporations that pay no taxes or are at least partially exempt. That’s more than twice the amount five years ago. Most of them actually got tax refunds.

We are talking about some of the biggest businesses in the nation. CBS Corp. (NYSE: CBS), which earned $1.8 billion in 2014, paid no federal tax, and received a $235 million tax refund. (If you look back at the last five years, one more Fortune 500 giant makes the list.General Electric Co. [NYSE: GE] made $33 billion from 2010–2014, paid no taxes, and received $1.4 billion in refunds.)

Let’s take a look at exactly which companies wriggled their way out of paying income taxes in 2014

S&P 500 CORPORATIONS THAT DON’T PAY INCOME TAXES

Company & Net income 2014

CBS Corp. (NYSE: CBS) $1.8 billion

Interpublic Group of Companies Inc. (NYSE: IPG) $365 million

Mattel Inc. (Nasdaq: MAT) $268 million

Owens Corning (NYSE: OC) $106 million

PG&E Corp. (NYSE: PCG) $1.84 billion

PEPCO Holdings Inc. (NYSE: POM) $406 million

Priceline Group Inc. (Nasdaq: PCLN) $73 million

Prudential Financial Inc. (NYSE: PRU) $3.49 billion

QUALCOMM Inc. (Nasdaq: QCOM) $3.21 billion

Ryder System Inc. (NYSE: R) $270 million

Time Warner Inc. (NYSE: TWX) $4.3 billion

Weyerhaeuser Co. (NYSE: WY) $960 million

Xerox Corp. (NYSE: XRX) $629 million

and many more.