Why Our Schools are Broke: Five Years of Corporate State Tax Avoidance – Paul Buchheit


Monday 17 June 2013

Paul Buchheit, Op-Ed: We hear a lot about corporations avoiding federal taxes. Less well known is their non-payment of state taxes, which along with local taxes make up 90% of U.S. education funding. Pay Up Now just completed a review of 2011-12 tax data from the SEC filings of 155 of the largest U.S. corporations. The results show that the total cost of K-12 educational cutbacks in recent years is approximately equal to the amount of state taxes left unpaid by these companies.


LINK: http://www.nationofchange.org/why-our-schools-are-broke-five-years-corporate-state-tax-avoidance-1371477824

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