Source: Common Sense
by Paul Jacob
“Yesterday, a whole lot of people paid a whole lot of taxes. It was Tax Day — filing day — for most Americans. Truth is, American workers pay income tax with every paycheck. And they pay other taxes too. Somehow, though, Pfizer — one of the world’s most profitable companies — did much better than we did. ‘Drugmakers make big profits in the U.S.,’ explains Sydney Lupkin at NPR. ‘But many pay taxes far below the 21% corporate tax rate. Pfizer’s effective tax rate is so low it’s getting a big refund despite booking $59 billion in revenue.’ Did you get a big refund on top of a huge wage hike? No? Well, you should lobby Congress more.” (04/16/24)
https://thisiscommonsense.org/2024/04/16/what-pfizer-pfolks-got/