Report: Verizon is a Tax Dodger

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Nov 16, 2011

A new report from Citizens for Tax Justice shows that Verizon paid a negative 2.9% effective Federal tax rate during the 3 year 2008 - 2010 period. In other words, not only did Verizon pay less than any person who pays Federal income tax over those 3 years, but also the company got massive tax benefits to the tune of $951 million. Meanwhile, the company attacks middle class jobs. American taxpayers should not be subsidizing attacks on workers. Read about the report right herehere and definitely this excellent piece here.