Lowell McAdams, CEO of Verizon responded to Senator Bernie Sanders naming Verizon as a “Non fair payer of taxes” in early April, 2016. In fact he states Verizon has paid $15.6 Billion in taxes in the last two years at a rate of 35.6%.
Senator Sanders also said Verizon doesn’t benefit America. Mr. McAdams noted Verizon had invested $35.6 Billion in the U.S. and paid $16 Billion in dividends.
Exactly how much more is required to be on the Bern’s good list, all of it? An old fart ranting and raving, what have we come to?
Our tax rates for corporations are the highest in the world, our tax structure invites companies and individuals to find ways to reduce tax bills (Like buying solar panels, hybrids and thousands more ways), and higher taxes are proven to reduce actual revenue-see France over the last few years.
Reduce tax complexity, reduce regulations, invite business to repatriate cash, etc., this will goose our growth, thus creating jobs, increasing tax revenue, reducing our social spending, etc.