Tristan
Member
- Aug 5, 2008
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Do Corporations Really Pay No Taxes?
By Steven Malanga
RealClearMarkets - Articles - Do Corporations Really Pay No Taxes?
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It's not cool to paste the whole article (I don't think) so I'll just mention that the proof is in the pudding and it's well worth reading the entire (short) link to have the fullest understanding possible. Clearly this is a fairly thorough debunking of a popular thread here of late.
Warning for lefties... the link contains numbers and facts and suchlike.
By Steven Malanga
RealClearMarkets - Articles - Do Corporations Really Pay No Taxes?
-snip-
And that should help explain whats wrong with the presss coverage of a Government Accountability Office study released last week, which reported that two-thirds of American corporations paid no taxes in 2005including a quarter of big businesses. The report, commissioned by several labor-friendly Democratic Senators who pretty much knew based on previous studies what it would say, sparked a lot of manufactured outrage in political circles and produced a series of misleading stories, like one by the Associated Press that ran in dozens of newspapers under sensationalistic headlines like Corporations Pay No Taxes.
It's not cool to paste the whole article (I don't think) so I'll just mention that the proof is in the pudding and it's well worth reading the entire (short) link to have the fullest understanding possible. Clearly this is a fairly thorough debunking of a popular thread here of late.
Warning for lefties... the link contains numbers and facts and suchlike.