Got this from a client

This isn’t political. Whatever your political leanings you’re probably opposed to paying taxes for a big company like J.P. Morgan.  This news item is about a petition to make sure J.P. Morgan pays their taxes without being allowed to flaunt the law.

http://petitions.moveon.org/sign/no-4-billion-tax-break-1?source=s.em.mt&r_by=9391940

J.P. Morgan was recently penalized many billions for mortgage lending abuses by the U.S. government. Normally, penalties and fines are not tax deductible.  But apparently very big corporations generally deduct their penalties as tax deductions. If you and I did that, it wouldn’t fly. But, apparently some people and companies can get away with it. This is a petition to Congress to prevent J.P. Morgan deducting this penalty.  Whatever taxes they escape will eventually come out of your pockets.

Take a look.