Monday, February 21, 2011

And more by the way...

Even with all those amazing tax breaks and bailouts and golden parachutes and bonuses....
Study says most corporations pay no U.S. income taxes

(Reuters) - Most U.S. and foreign corporations doing business in the United States avoid paying any federal income taxes, despite trillions of dollars worth of sales, a government study released on Tuesday said.

The Government Accountability Office said 72 percent of all foreign corporations and about 57 percent of U.S. companies doing business in the United States paid no federal income taxes for at least one year between 1998 and 2005.

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