corporations hate taxes so they let the children pay

[xchrom]

http://www.nationofchange.org/corporations-hate-taxes-so-they-let-children-pay-1326291989

Two re­cent stud­ies, both rather trou­bling on their own, are even more dis­turb­ing when the re­la­tion­ship be­tween the two is con­sid­ered.

The first is a study by Cit­i­zens for Tax Jus­tice (CTJ) that shows tax avoid­ance at the state level. The CTJ study, which eval­u­ated 265 large com­pa­nies, de­ter­mined that an av­er­age of 3% was paid in state taxes, less than half the av­er­age state tax rate of 6.2%. The ten states with 10 or more com­pa­nies in the study all col­lected be­tween 2.5% and 3.55%: Ohio, Texas, New Jer­sey, Penn­syl­va­nia, Illi­nois, Min­nesota, Vir­ginia, Cal­i­for­nia, North Car­olina, and New York.

CTJ notes that “these 265 com­pa­nies avoided a total of $42.7 bil­lion in state cor­po­rate in­come taxes over the three years.” That’s about $14 bil­lion per year.

The sec­ond study, from the Cen­ter on Bud­get and Pol­icy Pri­or­i­ties (CBPP), re­ports that “El­e­men­tary and high schools are re­ceiv­ing less state fund­ing than last year in at least 37 states, and in at least 30 states school fund­ing now stands below 2008 lev­els – often far below.”