We’re Not Broke

Posted January 23, 2012 in ,
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We’re Not Broke
Sundance Film Festival
Directors: Karin Hayes, Victoria Bruce

United States tax law is purposely complicated. The 2010 tax code had over 71,000 pages because everyday folks aren’t meant to understand it. This is why people hire accountants. Taxes are difficult and little understood by the majority of the population. Unfortunately, the complexity of the U.S. tax code is exactly what has allowed the majority of multi-billion dollar U.S. companies to evade paying taxes through the use of offshore tax havens. Turns out U.S. companies hire accountants too, often times ones who helped write portions of the tax code, or have spent time working for the I.R.S.  In We’re Not Broke, Hayes and Bruce, reveal shocking information about the number of U.S. companies such as Google, Chevron, Citigroup, Bank of America and GE who have made profits in the billions and managed to not pay a dime in U.S. taxes in at least one of the three tax years between 2008-2010. What is more shocking is that because of the gaping holes and intricacies of the tax code, they are doing it legally, technically speaking. Although the information revealed in We’re Not Broke is completely enraging and important, it’s also very dense and isn’t always easy to understand—even with all the attempts the directors have made to break down the information so it can be understood by the average person. For taking on such an intricate topic, they’ve done a fine job with We’re Not Broke and have created a space where Americans can consider the effects that big business tax evasion has on life in this country. 



Time:  4:00 pm Date:  1/24/2012 Venue: Redstone Cinema 7

Time:  6:45 pm Date:  1/25/2012 Venue: Broadway Centre Cinema 3

Time: 11:30 am Date: 1/26/2012 Venue: Marc

Time:  3:00 pm Date: 1/27/2012 Venue: Screening Room, Sundance Resort

Time: 9:00 am  Date: 1/28/2012 Venue: Temple Theatre