Thread: Most US Companies avoid paying income tax
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Old 08-12-2008, 12:29 PM
sealybobo sealybobo is offline
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Quote:
Originally Posted by RetiredGySgt View Post
8 billion from the Oil Companies on the Gulf coast/East Coast oil and gas wells. Ya they don't pay anything.

Further if a company LOSES money what exactly would their tax burden be?
So you want to privatize the profits and socialize the losses?
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