Not Only Do You Get To Bail Out Corporations But Most Don't Even Pay Taxes
Oops, the Washington Post moved the article and my link didn't work. Thanks for the email alerting me. Here's the revised link.
Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress. The study by the Government Accountability Office released Tuesday said about 68 percent of foreign companies doing business in the U.S. avoided corporate taxes over the same period. Collectively, the companies reported trillions of dollars in sales, according to GAO's estimate.
It's not just LLCs or S Corporations either. 25% of large companies didn't pay any taxes. But, you get to bail them out. Even if you personally are losing your house or your car or your job. Read the entire article at the Washington Post by clicking on the text above.
Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress. The study by the Government Accountability Office released Tuesday said about 68 percent of foreign companies doing business in the U.S. avoided corporate taxes over the same period. Collectively, the companies reported trillions of dollars in sales, according to GAO's estimate.
It's not just LLCs or S Corporations either. 25% of large companies didn't pay any taxes. But, you get to bail them out. Even if you personally are losing your house or your car or your job. Read the entire article at the Washington Post by clicking on the text above.
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