El Pasoans Protest Unfair Taxes
POSTED: Tuesday, April 17, 2012 - 11:46pm
UPDATED: Wednesday, April 18, 2012 - 1:11pm
EL PASO, TX — People around the country and in El Paso protested unfair taxes. The protesters said it's unfair that most people pay taxes for schools and other services but billionaires and large corporations don't pay their share of taxes.
About twenty people held signs outside the Bank of America on Mesa near I-10 Tuesday afternoon. The protest was organized by Move-on Civic Action.
Organizers said something needs to be done.
"Bank of America... if they had paid their share of taxes over the last five years, they would have had to pay $3 billion. They haven't. Instead they get money back from the government and bail out money instead of paying their share of taxes," said Fred Riek with Move-on Civic Action.
There were more than 500 similar protests across the country.
We contacted Bank of America and they responded that the facts did not support their claims.
According to Media Manager Diane Wagner, in 2011, Bank of America paid approximately $2 billion in U.S. taxes. In the past decade, Bank of America has paid more than $55 billion to federal, state and local governments.