Jeff writes, "Combined, Washington State is providing Microsoft and Boeing $1 billion annually in tax breaks. Cumulatively, Microsoft's state tax has saved its shareholders $8.6 billion in costs. While the company quietly surpassed $1 trillion in all time revenue, its home state faces emergencies in education funding, homelessness, heroin addiction and escalating crime."
Microsoft founder Bill Gates has been an outspoken advocate for education and the less fortunate among us. With Microsoft’s cumulative state tax savings, Washington state could have funded the entire McCleary education settlement for five years, Gates’ own initiative for forty state charter schools and restored almost all of the $961 million cut from the University of Washington’s annual budgets since 2009.
With just a small portion of its tax savings from this year, we could easily double Seattle’s city budget for emergency efforts to address the sharp rises in homelessness, heroine addiction and crime.
Or, the funds could cover 17 percent of the $50 billion cost for Seattle’s 25 year public transit initiative, ST3, saving taxpayers significantly.
Westneat mentions, “our booming aerospace and high-tech sectors combined paid just 3 percent of all state business taxes…the result…of decades of special deals won by lobbyists in Olympia…” and Washington state is the third highest ranked state in the country for tax subsidies. At a federal level, Microsoft holds more than $108 billion offshore, avoiding $35 billion in additional corporate taxes.
Forget Boeing, Microsoft’s Tax Break Costs $776 Million
After a massive trove of leaks revealed deep corruption in the Brazilian "anti-corruption" heroes who put the popular left-wing presidential candidate Lula in jail and paved the way for the election of the fascist strongman Jair Bolsonaro (a crisis that engulfed Sergio Moro, the judge who jailed Lula and went on to serve as Bolsonaro's […]
Monsanto ran a "fusion center" (a term borrowed from law-enforcement counter-terrorism operations) that spied on activists and journalists who were investigating the safety of its products, notably the link between its "Round Up" pesticides and cancers.
Officially, Americas total 2017 corporate lobbying group spending was $535m, but as much as $675m more was funneled from industry groups to politicians as part of influence campaigns.
If you’re marketing on the web, your Google-fu needs to be strong – and up to date. Without a firm grasp on what drives traffic, you’ll never be able to take the wheel. That’s why even if you know where to put your keywords, a little extra effort goes a long way on any marketer’s […]
Want to keep the dentist away? A little tooth care at morning and night isn’t bad, but it won’t keep the stains from smoking or fried foods at bay for long. If you enjoy your food and want to avoid the consequences, an upgrade from that old analog toothbrush can make a huge difference. Among […]
If your office works at all, it uses Microsoft Office. Those icons for Word, PowerPoint, and Outlook are as familiar around some workplaces as the coffee machine. So familiar, in fact, that they get taken for granted – and rarely used to their full potential. Whether you need a crash course in the essential tools […]