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Question: Will applying the 35 % rate to these corporations help to balance the budget? Goldsenze

jim rogers

FAQ: Will applying the 35 % rate to these corporations help to balance the budget?

Verizon Communications
Profits: $ 19.8 billion Effective tax rate: -3.8%
Top recipients, 2011-2012
President Barack Obama: $ 51,493
Sen. Robert Menendez (D-N.J.): $ 24,450
Sen. Mitch McConnell (R-Ky.): $ 23,700
Rep. John Boehner (R-Ohio): $ 22,500
Sen. Kirsten Gillibrand (D-N.Y.): $ 15,000

General Electric
Profits: $ 19.6 billion Effective tax rate: -18.9%
Top recipients, 2011-2012
Mitt Romney: $ 53,750
President Barack Obama (D): $ 30,493
Sen. Scott Brown (R-Mass.): $ 23,900
Rep. Howard Berman (D-Calif.): $ 21,860
Rep. Chris Murphy (D-Conn.): $ 19,750

Boeing
Profits: $ 14.8 billion Effective tax rate: -5.5%
Top recipients, 2011-2012
Rep. Buck McKeon (R-Calif.): $ 31,750
Rep. Adam Smith (D-Wash.): $ 25,000
Former Sen. George Allen (R-Va.): $ 23,500
Sen. Maria Cantwell (D-Wash.): $ 23,125
Rep. Ron Paul (R-Texas): $ 20,986

NextEra Energy: North America’s largest solar and wind power operator, based in Florida
Profits: $ 8.8 billion Effective tax rate: -2%
Top recipients, 2011-2012
George LeMieux (R-Fla.): $ 9,500
Mike Haridopolos (R-Fla.): $ 4,800
Sen. Maria Cantwell (D-Wash.): $ 2,000
Rep. Ron Paul (R-Texas): $ 2,000
Rep. Tom Rooney (R-Fla.): $ 2,000

American Electric Power: Electric utility based in Columbus, Ohio
Profits: $ 8.2 billion Effective tax rate: -6.4%
Top recipients, 2011-2012
Rep. John Boehner (R-Ohio): $ 34,750
Rep. Steve Stivers (R-Ohio): $ 34,050
Rep. Bob Gibbs (R-Ohio): $ 21,700
Sen. Joe Manchin (D-W. Va.): $ 19,750
Sen. Sherrod Brown (D-Ohio): $ 18,450

Pacific Gas & Electric: California electrical utility
Profits: $ 6 billion Effective tax rate: -8.4%
Top recipients, 2011-2012
President Barack Obama (D): $ 6,250
Rep. Jim Costa (D-Calif.): $ 5,000
Rep. Kevin McCarthy (R-Calif.): $ 5,500
Rep. Fred Upton (R-Mich.): $ 5,000
Rep. Jeff Denham (R-Calif.): $ 3,500

Apache: Houston-based oil and gas company
Profits: $ 6 billion Effective tax rate: -0.3%
Top recipients, 2011-2012
David Dewhurst (R-Texas): $ 25,000
Rep. Connie Mack (R-Fla.): $ 5,000
Rep. Bill Cassidy (R-La.): $ 2,500
Rep. Mike Conaway (R-Texas): $ 2,500
Rep. Gene Green (D-Texas): $ 2,500
Sen. Mitch McConnell (R-Ky.): $ 2,500
Brendan Doherty (R-R.I.): $ 2,500

Consolidated Edison: New York energy company
Profits: $ 5.9 billion Effective tax rate: -1.3%
Top recipients, 2011-2012
Sen. Maria Cantwell (D-Wash.): $ 15,050
Sen. Kirsten Gillibrand (D-N.Y.): $ 8,000
Rep. Edolphus Towns (D-N.Y.): $ 6,650
Then-Rep. David Wu (D-Ore.): $ 2,500
Rep. Joseph Crowley (D-N.Y.): $ 1,500
Sen. Harry Reid (D-Nev.): $ 1,500
Rep. Jose Serrano (D-N.Y.): $ 1,500

El Paso: Houston-based energy company that operates the country’s largest natural gas pipeline
Profits: $ 4.6 billion Effective tax rate: -0.9%
Top recipients, 2011-2012
David Dewhurst (R-Texas): $ 7,500
Mitt Romney (R): $ 5,000
Rep. John Barrow (D-Ga.): $ 3,000
Rep. Diane Black (R-Tenn.): $ 2,750
Sen. John Barrasso (R-Wyo.): $ 2,500
Sen. Max Baucus (D-Mont.): $ 2,500
Sen. Mitch McConnell (R-Ky.): $ 2,500
Gov. Rick Perry (R-Texas): $ 2,500
Rep. Fred Upton (R-Mich.): $ 2,500
Sen. Roger Wicker (R-Miss.): $ 2,500

CenterPoint Energy: Electric and gas utility company based in Houston
Profits: $ 3.1 billion Effective tax rate: -11.3%
Top recipients, 2011-2012
David Dewhurst (R-Texas): $ 22,050
Gov. Rick Perry (R-Texas): $ 13,458
Sen. Mitch McConnell (R-Ky.): $ 10,299
Rep. Greg Walden (R-Ore.): $ 7,000
Rep. Kevin Brady (R-Texas): $ 4,000

http://www.motherjones.com/mojo/2012/04/top-tax-dodging-companies-politicians

Hey Zip they did “pass it on to you”
Minus tax rates..
@Ndugo
I see a lot of Democrats as well..

goldsenze.com Answer:

Nope. If you apply the 35% rate with no loop holes all you will do is send more jobs to China.

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