April 12, 2013

TAX DAY COUNTDOWN: 3 Days, Who Pays?


CHECK OUT THE MAP: http://bit.ly/YgJqcb 

FIELD MOBILIZATION PLAN: On Tax Day Americans for Tax Fairness coalition will mobilize events in over two dozen states under the brand “WHO PAYS” that show how tax breaks for the rich and loopholes for corporations increase burdens on families and states by forcing cuts in important benefits, services and programs we all rely upon. 

ARKANSAS: April 15 “Who Pays?” event – Capitol Rotunda, Little Rock, AR, 12 p.m.ARKANSAS: April 15 “Who Pays?” event – OMNI Center for Peace, 274 N. Lee Ave., Fayeteville, AR, 6 p.m.

ARKANSAS: April 15 “Who Pays?” event – ACO Office, 2001 S. Main Street, Little Rock, AR, 10 p.m.

ARKANSAS: April 15 “Who Pays?” event – Post Office at the Federal Building, E. 8th Street, Pine Bluff, AR, 12 p.m.

DELAWARE: April 15 “Who Pays?” event – Newark Post Office, 401 Ogletown Rd., Newark, DE, 5:30 p.m. http://bit.ly/11Hca1Q

INDIANA: April 15 “Who Pays?” event – Teamster’s Hall, 23383 U.S.Rte. 33, Dunlap, IN, 6 p.m.
IOWA: April 15 “Who Pays?” event – Waterloo Post Office, 300 Sycamore St., Waterloo, IA, 4:30 p.m.MAINE: April 15 “Who Pays?” event – Location Pending, Lewiston, ME, 3 p.m.

MASSACHUSETTS: April 15 “Who Pays?” event – 1500 Dorchester Ave., Dorchester, MA, 11 a.m.MASSACHUSETTS: April 15 “Who Pays?” event – Federal Building, 10 Causeway Street, Boston, MA, 11 a.m.

MARYLAND: April 15 “Who Pays?” event – Library, 21 Maryland Ave., Rockville, MD, 7 p.m.
MICHIGAN: April 15 “Who Pays?” event – Post Office, Monroe Ave., Grand Rapids, 10 a.m.MICHIGAN: April 15 “Who Pays?” event – Post Office, Allegan St., Lansing, 2:15 p.m.

MICHIGAN: April 15 “Who Pays?” event – Post Office, 200 W. Second., Royal Oak 5 p.m.

MISSOURI: April 15 “Who Pays?” event – Columbia Post Office, 511 E Walnut, Columbia, MO

MONTANA: April 12 “Who Pays?” event – Location Pending, Missoula, MT

NEW YORK: April 14 Flip The Debt event – Goldman Sachs HQ, New York City, 3 p.m.

NEW YORK: April 15 “Who Pays?” event – Location Pending, Long Island.NEW YORK: April 15 “Who Pays?” event – Federal Building, 100 State Street, Rochester, NY, 12 p.m.

OHIO: April 15 “Who Pays?” event – Carnegie Ave. b/t E. 9th and Ontario Streets, Cleveland, OH, 4:30 p.m.
WEST VIRGINIA: April 15 “Who Pays?” event – Governor’s conference room, State Capitol, Charleston, WV
VIRGINIA: April 15 “Who Pays?” event – U.S. Forbes District Office, 505 Independence Pkwy, Chesapeake, VA, 1 p.m.NORTH CAROLINA: April 15 “Who Pays?” event – State Capitol Lawn, Raleigh, NC

FLORIDA: April 15 “Who Pays?” event – U.S. Post Office at 1201 Gandy Boulevard North, St. Petersburg, FL, 10 a.m.

WASHINGTON STATE: April 15 “Who Pays?” event – Sen. Hobbs District Office, Olympia, WA, 10 a.m.

WASHINGTON STATE: April 15 “Who Pays?” event – Sen. Hobbs District Office, Lake Stevens, WA, TBD

WASHINGTON STATE: April 15 “Who Pays?” event – U.S. Sen. Cantwell’s District Office, Seattle, WA, TBD

HAPPENING NOW NATIONWIDE: The Light Brigade will spotlight “Tax Evaders” all week via distributed illuminated actions leading up to Tax Day where they shine a light on corporate Tax Evaders – http://taxevaders.tumblr.com/plan


–Americans for Tax Fairness, a national coalition representing more than 275 national and state groups co-chaired by the Center for American Progress, AFSCME and National People’s Action, is stepping up pressure on Congress to close tax loopholes to make big corporations and the richest 2 percent pay their fair share of taxes by exposing a “CORPORATE TAX DODGER OF THE DAY” leading into April 15 “Tax Day.”


–Microsoft saved $4.5 billion in federal income taxes from 2009 to 2011 by transferring profits to a subsidiary in the tax haven of Puerto Rico.

–Microsoft had $60.8 billion in profits stashed offshore in 2012 on which it paid no U.S. taxes. Microsoft says it would owe Uncle Sam $19.4 billion if it brings the profits home. Its untaxed profits increased a whopping $16 billion, or 36% over the last year.

–Microsoft appears to pay more than its fair share of taxes but that’s
deceiving. It had profits of $20 billion and paid $9.8 billion in federal
income taxes from 2010 to 2012. This apparent 49% effective tax rate
is deceiving since Microsoft has mastered the art of turning sales on
products developed and sold in the U.S. into profits booked in a tax haven like Puerto Rico. By moving these profits offshore, Microsoft keeps its U.S. profits artificially low, and its reported tax rate way overstated.

–Over the last three years, Microsoft has had in the United States more than 75% of its long-lived assets and nearly 55% of its sales, yet reported just 26.6% of its sales here. If it had reported 55% of its profits in America it would have owed $16.6 billion more in U.S. corporate income taxes than it paid. That subsidy is attributable to offshore tax loopholes.. READ MORE: http://bit.ly/11zWH3z

DAILY TRADING CARD HITS TO PRESSURE CORPS: A “Corporate Tax Dodger Trading Card” outlining why Microsoft, and other companies to be profiled till Tax Day, have been chosen as corporate tax dodgers is available at: AmericansForTaxFairness.org/TradingCards or use the short link: http://bit.ly/11zWH3z

HAPPENING MONDAY – “Do you pay more Federal Income Taxes than Facebook, Southwest Airlines, GE, Pepco and other Giant Corporations? Yes You Do!” These words are splashed across a red, white and blue, ten by twenty foot rolling billboard that will be seen by thousands of tourists, food truck customers, pedestrians and commuters on Monday April 15th, courtesy of Citizens for Tax Justice (CTJ). The group’s April 11 report, “Ten Reasons We Need Corporate Tax Reform,” supports the billboard’s text that will be circulating around DC between 11 AM and 7 PM on Tax Day.
ALSO HITTING MONDAY FROM THE AFL: The AFL-CIO will launch its annual Paywatch report and website highlighting excessive CEO pay at S&P 500 companies on April 15.  This year’s site will take a special look at CEOs from the corporate backed “Fix the Debt” group which has worked to protect tax loopholes for corporations and the richest 1 percent.  Early reports show that CEOs who are working to cut Social Security, Medicare and Medicaid while protecting tax loopholes are receiving record high salaries and cushy retirement packages.  LINK:  www.PayWatch.orgNEW VIDEO RELEASED TODAY:

The Truth About Corporate Tax Rates http://youtu.be/YsWq2kaD-gs (h/t: We’re Not Broke)–VIDEO released on Tuesday: Who Pays for Corporate Tax Dodgers? YOU DO. http://youtu.be/XRNBNzJ42VM

–VIDEO released Wednesday: How Do Giant Corporations Get Away with “Legal” Tax Cheating? http://youtu.be/ubjGmCIbrjQ
–VIDEO released Thursday: How Do Billion-Dollar Corporations Cheat America Out of Tax Revenue? http://youtu.be/miO8cuIhYrs
ICYMI: Fact Coalition and We’re Not Broke run full page ad in The Hill – View the ad:http://bit.ly/YKggpv
GOING VIRAL: Tax Havens 101 VIDEO: The high cost of going offshorehttp://wapo.st/16COQBH
RESOURCE FOR YOU (via CTJ): “Who Pays Taxes in America in 2013? Despite claims that the rich pay too much in taxes and that the poor pay little or nothing, the share of total federal, state and local taxes paid by Americans in each income group is very similar to the share of total income received by that group.” http://bit.ly/10n3goLREPORT ON TOP 10 COMPANIES SKIRTING TAXES: Citizens for Tax Justice reports on ten major, profitable corporations who are not sweating tax day, including nine that have no federal income tax liability for 2012. GE is the tenth, but its 8 percent rate in the one year, 2012, doesn’t let it off the hook for all the other years it led the tax avoiders pack. The corporations were chosen from diverse sectors to show there are few corners of the tax code that haven’t been molded by an industry’s lobby. LINK: http://bit.ly/16SP2gd

REPORT ON TAX HAVENS PROVES REAL IMPACT: Offshore Tax Havens Cost Average Taxpayer $1,026 a Year, Small Businesses $3,067, according to the Public Interest Research Group.

–“Tax dodging is not a victimless offense. When companies use accounting gimmicks to move their profits to tax haven shell companies, the rest of us have to pick up the tab,” said Dan Smith, Tax and Budget Advocate for U.S. PIRG and report co-author. “With the nation facing such serious budget challenges, it’s a no-brainer that we need to close these loopholes and stop letting large corporations avoid paying what they should.”http://bit.ly/17fz7f6

THE MEDIA INVESTIGATES: The Center for Public Integrity released a report, “Secrecy For Sale,” based on 2.5 million documents unearthed by the International Consortium of Investigative Journalists that show how these secret investment vehicles are exploited by the world’s rich and sneaky. http://bit.ly/XOxn9X

AMERICANS FOR TAX FAIRNESS COALITION ON OBAMA BUDGET: “We support President Obama’s proposal to raise substantial tax revenues from the wealthiest Americans, make significant improvements to tax credits benefitting students and low-income working families, and close some egregious corporate tax loopholes, including ones that encourage companies to shift U.S. profits and jobs overseas. But we are strongly opposed to the president’s plan to give the money saved from closing corporate tax loopholes right back to corporations by lowering their income tax rate. His plan does not ask America’s biggest companies to contribute a dime to reduce the deficit while it cuts health care and other critical services America’s families rely on. That’s unfair and misguided,” said Frank Clemente, campaign manager, Americans for Tax Fairness.

FACT COALITION REACTS TO OBAMA BUDGET: “Members of the Financial Accountability and Corporate Transparency (FACT) coalition – including small business, labor, faith and human rights groups – support closing offshore tax loopholes as a priority in any budget proposal.  However, closing these loopholes in a way that would raise no new revenues, as the President proposes, reflects a step in the wrong direction. While the Administration has continued to propose closing offshore tax loopholes each year, the notion that the revenue raised should be fed back to the same large, multinational corporations flies in the face of the interests of voters, small businesses and common sense,” said Nicole Tichon, who directs the FACT coalition and Tax Justice Network USA. 

WHY FOCUS ON CORPORATIONS? Millions of working families pay more in taxes some years, or pay a much higher income tax rate, than some of the biggest and most profitable corporations in America pay, including ExxonMobil, General Electric, FedEx, Verizon, Wells Fargo and more. That’s wrong. They haven’t been asked to contribute a dime.


1) Require big corporations and the wealthy to pay their fair share of taxes, including by stopping companies from shipping jobs and stashing profits overseas to avoid U.S. taxes.
2) End across-the-board “sequester” cuts to the jobs and services we count on.
3) Protect Medicaid, Medicare and Social Security from harmful cuts.


FOLLOW ON FACEBOOK: Facebook.com/Americans4TaxFairness

MEDIA CONTACT: Trevor Thomas, Americans for Tax Fairness; 616-430-2030