Taxpayer Protest Downtown Against Bank Of America

Taxpayer Protest Downtown Against Bank Of America

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from Fox news blog: "Downtown St. Louis, Mo. (KTVI-FOX2now.com)— Liberal activists marched on a downtown Bank of America branch Monday, calling the mega bank "A Tax Deadbeat". They used tax filing day to highlight objections against corporations like Bank of America, which recorded an almost $4 billion profit in the 2009 tax year, but received a $1.9 billion federal tax refund. About two dozen activists gathered at the Bank of America offices near the corner of Broadway and Pine downtown. The noisy crowd, watched by half a dozen St. Louis police officers and an equal number of Bank of America security personnel, listened to speeches blasting the bank, and then left. But one local public policy analyst says the demonstration highlighted just one symptom of a federal tax code he says favors corporations and the wealthy. "This is a highly complex tax system that ends up providing the most benefits to a high income constituency and corporations," said Robert Kropf, Dean of the School of Public Policy Studies at St. Louis University. "They know how to take advantage of deductions and tax breaks and loopholes. The end result is that they do not end up paying their fair share of federal income taxes."
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I was at the rally in Kiener Park. group marched and I stayed. so many businesses downtown that pay little or no taxes. however, many pay to political action groups
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