i'm stunned.
seriously
I'm not.
The CBO released a report a few years ago concluding that a third of all large corporations in America paid no taxes in ten years.
Also, the effective tax rate for large corporations in America is, or at least was, 6%.
Really? Then post the numbers. Where are they?
Fact is, though our tax laws include statutory rates that are fairly high (35% for corporations earning about $18 million or more annually) but generally in the same ballpark as those of other developed western nations, the actual tax rates paid by US corporations are extraordinarily low, around 6%. Remember the latest GAO report (reported elsewhere on ataxingmatter) that shows that two-thirds of US corporations pay no federal income tax. That's not just the ones that are losing money, but also many corporations that have record high profits (including some Big Oil companies) that end up paying next to nothing in taxes.
ataxingmatter: Tax Foundation and Competitive Environments: more bunk!
I'm sorry, it was the GAO.