4:38
March 14
2011

25

Bank Of America Earned 4.4 Billion in 2009 and Paid No Taxes.

anglophonic:

And likewise, because of loopholes worked out secretly in Washington the top six American banks paid less than 11% of their reported income in taxes.  If they had paid 35%, which is the amount they are required by law, the United States would have an additional $14 billion ($14,000,000,000.00) in revenue.

That’s 14, followed by nine zeros and two decimal points. 14 Billion Dollars.

Those six banks, by the way, were Bank of America, J.P. Morgan Chase, CitiGroup, Wells Fargo, Goldman Sachs, and Morgan Stanley.

But seriously kids, the national debt is your fault and China is coming to get all of us.  Just ask a bank.

-

SOURCE: MSNBC, Cenk Uygur, Democratic Underground, Wall Street Journal.
/reblogged from anglophonic-blog. Source: anglophonic-blog
FILED UNDER: #bank of america 
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    Fuck, my family uses Wells Fargo..
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    fuck, they are my bank……..
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