Tag: U.S. Treasury

Treasury Picks Tubman for $20 Bill, Hamilton to Stay on $10 | Bloomberg

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Abolitionist Harriet Tubman will appear on front of the $20 bill, replacing former President Andrew Jackson and becoming the first woman featured on U.S. paper currency in modern times, a Treasury official said, in a design overhaul that will leave Alexander Hamilton on the $10 note.

The decision is the latest chapter in a 10-month-old controversy that erupted after Treasury Secretary Jacob J. Lew tried to address gender imbalance on U.S. currency notes. He opened up the selection process to the public just as the current face on the $10 bill was enjoying a resurgence in popularity, and outrage ensued.

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15 Companies That Paid Zero Income Tax Last Year (Despite $23 Billion In Profits) | Co.Exist

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downloadOnly small businesses pay taxes. Big companies often pay nothing at all.

Think that’s an exaggeration? Look at a new report from Citizens for Tax Justice, a Washington, D.C. group. It finds that some of nation’s most famous brands have paid remarkably little to the government over the last five years. In fact, many actually enjoyed a negative tax rate: They received a nice rebate check from the U.S. Treasury.

The 15 giants highlighted by CTJ were chosen to represent a wide range of industries among Fortune 500 companies. They include CBS, Mattel, Prudential, and the California utility PG&E. Together, they paid no federal income tax in 2014, despite profits totaling $23 billion. CTJ’s point is that these companies are not anomalies, they are examples.

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