"Verizon paid out $1.79 billion in taxes over 2008-2010, and reported earnings of $5.25 billion over this same period. In addition, Verizon has annually invested $16.5 billion in technology infrastructure."
How can a company SUSTAIN itself when its income ($5.25 Billion over 2 years) doles out taxes ($1.79Billion over two years) but spends $16.5 billion over two years on upgrades? Are they pulling the money out of their arse? No! They charge numerous phallic fees/taxes to the consumer for the government, but then turn around to the government and (shrugs shoulders) we collected but have a loss so... sorry!
Waste of breath around here. Nobody here has any knowldege of this subject.
The depreication rates on Verizions technology investments are depreicated, in most cases, at a rate which is HIGER than the actual depreciation of the item.
Again, the tax payer is the loser.
I'll say it one more time. TAXES ARE ONLY DUE ON PROFITS!
I mean how can you be so dumb as to not understand that Mega corps get mega benefits from society, from the global military industrial complex to education subsidies (students who's education is pubilcly funded is a savings to a corporation which hires him/her in the form of reduced training costs.
Try to see how the average stiff making 25k at Mcdonalds benefits from any of this?