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Federal Tax Loopholes: Big Corporations Profit From This Mafia-Like Protection Scheme

By Chris Parker October 11, 2012

A year ago, Citizens for Tax Justice, a Washington, D.C., nonprofit, studied the tax returns of 280 corporations. What it found was a Beltway version of a Mafia... More >>>

5 Images

Sheryl Crow benefited to the tune of $2 million on a loophole put in place by Tennessee, Kentucky, and Texas lawmakers.

Facebook founder Mark Zuckerberg took advantage of a multibillion-dollar tax scam during his company's IPO.

Republican presidential nominee Mitt Romney is the poster child of offshore tax schemes.

Thanks to the luxury sailing industry, taxpayers helped subsidize Microsoft CEO Steve Ballmer's $200 million yacht, Octopus.

Microsoft CEO Steve Ballmer

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Sheryl Crow benefited to the tune of $2 million on a loophole put in place by Tennessee, Kentucky, and Texas lawmakers.

Kevin W. Burkett/Creative Commons

Sheryl Crow benefited to the tune of $2 million on a loophole put in place by Tennessee, Kentucky, and Texas lawmakers.

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