Corporate earnings at not taxed at anywhere near the same effective rates as individuals. GE made billions a few years ago and wound up with the feds owing them billions in rebates.
Funny, I don't know any individuals who get back more than they pay in that are not in poverty.
We are being exploited by corporations and our government is entirely owned by them.
Wake up.
You are the one believing the propaganda.
I know business and how it works.
How does the corporate income tax work?
The United States imposes a tax on the profits of U.S. resident corporations at graduated rates ranging from 15 to 35 percent (just like all of the rest of us). Most corporate income is taxed at the maximum rate. Corporate shareholders also pay individual income tax on dividends and on capital gains from sale of their shares. The maximum tax rate on both dividends and capital gains is currently 15 percent, but both are scheduled to revert to pre-2001 levels (ordinary income rates of up to 39.6 percent on dividends, a maximum rate on capital gains of 20 percent) after 2010.
The corporate income tax is the third largest source of federal revenue, after the individual income tax and payroll taxes, and raised $354 billion in fiscal 2006, 14.6 percent of all revenue and 2.7 percent of GDP. The relative importance of the corporate tax as a source of revenue declined sharply between the 1950s and 1980s, but over the past quarter century it has brought in around 2 percent of GDP, with some fluctuations mostly associated with the business cycle.
Some breakdown on how much corporations used to pay vrs what they pay now compared to individuals.
Federal Budget Fiscal Revenue
Years 1952 to 2010
Year....GDP-US.....Pop....IndivTax......CorpTax.....
1952.....358.3....156.552....28.92.......22.06
1953.....379.3....159.232....30.88.......22.05
1954.....380.4....161.958....30.67.......21.87
1955.....414.7....164.731....29.98.......18.60
1956.....437.4....167.551....33.73.......21.77
1957.....461.1....170.420....37.37.......22.15
1958.....467.2....173.337....36.48.......21.09
1959.....506.6....176.305....38.71.......18.31
1960.....526.4....179.323....43.18.......22.67
1961.....544.8....181.588....43.95.......22.22
1962.....585.7....183.881....48.61.......21.83
1963.....617.8....186.204....50.86.......23.08
1964.....663.6....188.555....52.49.......25.19
1965.....719.1....190.937....52.88.......27.39
1966.....787.7....193.348....60.21.......32.11
1967.....832.4....195.790....67.35.......36.20
1968.....909.8....198.263....76.03.......31.18
1969.....984.4....200.766....96.16.......39.86
1970....1038.3....203.302...101.23.......36.57
1971....1126.8....205.515....98.13.......30.21
1972....1237.9....207.752...109.97.......36.58
1973....1382.3....210.013...121.24.......41.58
1974....1499.5....212.299...138.44.......44.64
1975....1637.7....214.609...143.84.......47.26
1976....1824.6....216.945...156.18.......48.68
1977....2030.1....219.307...186.87.......64.07
1978....2293.8....221.694...214.16.......70.69
1979....2562.2....224.107...254.77.......77.81
1980....2788.1....226.546...286.15.......77.92
1981....3126.8....228.670...332.34.......75.28
1982....3253.2....230.815...348.53.......64.24
1983....3534.6....232.979...344.07.......51.28
1984....3930.9....235.164...363.04.......73.94
1985....4217.5....237.369...404.63.......80.49
1986....4460.1....239.595...423.38.......83.09
1987....4736.4....241.842...476.24......106.60
1988....5100.4....244.110...489.53......118.17
1989....5482.1....246.399...543.69......129.29
1990....5800.5....248.710...572.53......117.07
1991....5992.1....251.802...577.17......120.33
1992....6342.3....254.933...591.53......124.14
1993....6667.4....258.103...632.92......143.94
1994....7085.2....261.312...671.86......168.70
1995....7414.7....264.561...728.17......188.41
1996....7838.5....267.850...803.26......203.83
1997....8332.4....271.180...896.54......216.11
1998....8793.5....274.552..1004.22......223.09
1999....9353.5....277.966..1068.79......218.60
2000....9951.5....282.162..1216.12......243.35
2001...10286.2....284.969..1220.69......186.21
2002...10642.3....287.625..1061.18......176.20
2003...11142.2....290.108...992.47......163.58
2004...11853.3....292.805..1024.17......223.09
2005...12623.0....295.517..1169.50......321.54
2006...13377.2....298.380..1312.58......407.00
2007...14028.7....301.231..1453.75......430.87
2008...14291.5....304.094..1450.65......361.58
2009...13973.7....306.772..1186.17......184.51
2010...14498.9....309.350..1158.86......235.30
INCREASE: 4,046%.....98%....4,007%......1066%
Data Sources for 1952:..............................
GDP: See GDP Update Delay..............................
"Federal: Bicentennial Edition: Historical Statistics of the US, Colonial Times to 1970"..............................
"State and Local: Bicentennial Edition: Historical Statistics of the US, Colonial Times to 1970"..............................
Data Sources for 2010:..............................
GDP: See GDP Update Delay..............................
"Federal: Fed. Budget: Hist. Tables 2.1, 2.4, 2.5, 7.1"..............................
From a 14:11 ratio of individual taxes to corporate taxes, to a 4:1 ratio today.
The corporations have been buying Congress and the Presidency while you h ave been buying their propaganda in the corporate owned media.