Last Monday (Tax Day), we joined a group of concerned citizens here in Queens, NY, to demonstrate outside of the Citigroup headquarters. Why? Because of this simple fact:
Citigroup last year made more than $4 billion in profits but paid no federal income taxes. It received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury. (Source: Paul Buchheit, professor, DePaul University, here, ProPublica here, Treasury Department here.)
We even made a video of the day's events. Check it out!
As part of Moveon.org's nationwide campaign to draw attention to the huge number of Corporate tax avoiders, we joined forces with local activists to let it be known that we will no longer tolerate laws that let the Citigroups and General Electrics of America pay NO TAXES on billions and billions of annual income!
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Tags: Bernie Sanders, Citigroup, corporate tax cheat, Tax Day, tax loophole
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