Who Paid Their Fair Share?

Verizon HeadquartersWith more than $100 billion in annual revenues and nearly $15 billion in operating profits, Verizon is a large and prosperous company. Yet, between 2008 and 2010, the company used a variety of tax avoidance techniques to receive $951 million in rebates from the federal government -- an effective tax rate of -2.9%. At the state level, Verizon paid just 2.6% in taxes compared to a 6.8% state average. 

All of this is unsurprising from a company whose five highest executives took home $258 million in salary and benefits over the last four years. Without a doubt, Verizon represents not just the 1%, but the top one-tenth of 1% of the country. And they are shifting their tax bill to the 99%.

Verizon WorkersAnd while Verizon was becoming one of America's biggest tax dodgers, Verizon and Verizon Wireless were also seeking to cut benefits for its workers. The company is pushing a new contract that would eliminate sick days for workers hurt on the job, cut health coverage promised to retirees and force workers to pay thousands per year in healthcare costs -- on top of the fair share in taxes they already pay.

Verizon's antics are just another illustration of the destructive power of corporate greed.  

Fight back today by letting us know whose side you stand on.

Who Paid Their Fair Share?

Whose side are you on? The 1% like Verizon who dodges taxes and pays executives millions of dollars per year? Or, Verizon and Verizon Wireless workers who are seeking to protect the benefits they rely on?
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