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Reply #28: Top Corporate tax rate in the US is never paid. [View All]

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fasttense Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-11-10 07:22 AM
Response to Reply #6
28. Top Corporate tax rate in the US is never paid.
On the books, the tax rate in the US looks high but it is never paid by any corporation. There are so many loopholes that just about every corporations pays a 0 to 3% tax rate. This is confirmed by the IRS tax returns and CBO numbers. Many corporations receive refunds while paying absolutely NO Taxes - talk about entitlements.

It's all smoke and mirrors. Corporations want you to think they pay their fair share of taxes, so they leave that percentage on the books while ducking all or most of the taxes through loopholes, and the Cayman Islands.
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