For the past year, I’ve worked at a Burger King in Tampa, Florida, making $9 an hour. Taxes are taken right out of my paycheck like they are for most people in America.
I just read that a new business deal could get Burger King and its owners out of paying $1.2 billion in U.S. taxes. Apparently, Burger King and its largest shareholders have a scheme to dodge hundreds of millions in U.S. taxes over the next four years. The key to it is that they bought a doughnut company in Canada called Tim Hortons, and now Burger King is using that purchase to claim that the whole Burger King empire is really a Canadian corporation and not American at all. This move could help Burger King avoid almost $400 million in U.S. taxes and save its main owners another $800 million.
Let’s do some math real quick. I make $9 an hour. For simplicity’s sake, I’ll be generous and say I work 40 hours a week. (Hardly any fast-food workers are scheduled for a full 40-hour work week, which is why so many of us need to work a second or third job to get by.) That’s $360 a week—just under $19,000 a year before taxes. I need food stamps and Medicaid to support my two kids. I’m not the only one. Because pay is so low, a lot of Burger King workers have to rely on public benefits just to survive. All in all, it adds up to around $356 million that taxpayers pay each year to help feed Burger King workers because our pay is so low.
Have you ever heard of something so ridiculous? I feed people for a living. I work for an incredibly rich company. But I can’t afford to feed my family, so American taxpayers just like me are footing Burger King’s bill.
Not only is Burger King taking money from taxpayers, but now that it’s Canadian, it’s not even going to pay back into the system. It’s like the shareholders have taken a giant vacuum cleaner and are just sucking hundreds of millions of taxpayer dollars and depositing them straight into the bank accounts of a few billionaires. Doesn’t really seem fair.
Sourced from salon.com