Thursday, January 3, 2013

How Much Money Does The U.S. Government Give to the rich?

How Much Money Does The U.S. Government Give to the rich?

In the United States, credible estimates of annual fossil fuel subsidies range  from $10 billion to $52 billion annually.

Almost two-thirds of the $27 billion in federal farm subsidies doled out last year went to just 10 percent of America's farm owners, including multimillion-dollar corporations and government agencies, a review of Agriculture Department records by The Associated Press shows.

 $2.3 billion tax breaks to companies that manufacture solar energies.

 175.2 billion Total corporate tax welfare in 2003.

According to the analysis by de Blasio's office, ExxonMobil, Bank of America, General Electric (GE), Chevron and Boeing had combined profits of $77.16 billion in 2010 but paid $0 in current federal income taxes in 2009.

A bevy of tax breaks and credits that had been scheduled to expire at the end of 2012 will be extended for another year, costing taxpayers $46.1 billion over the next decade,

Nearly $250 million for Hollywood. Over $330 million for the railroad industry. More than $220 million for rum producers. And $62 million for doing business in American Samoa.

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