Corporate Tax Rate And What They Really Pay

Corporate Tax Rate And What They Really Pay — The corporate income tax rate is 35 percent in the United States and is considered the highest in the world. The Government Accountability Office, however, has found that U.S. corporations with at least $10 million in assets paid an average effective federal tax rate of just 12.6 percent.

Who’d thunk it?

The reason of course is the loopholes and gimmicks that can be found by those able to afford high-powered accounts and lawyers.

Did you know that the most hip, liberal, “progressive”, “do no evil”
Democrat Party-supporting firms are among the worst offenders?

I’da thunk that.

Now some will point out that only people pay taxes not corporations, and that is basically true. Still, those businesses that  try to do the right thing and wish to follow the law should not be at a disadvantage to those that don’t.

Hat tip PJmedia.com

 

Corporate Tax Rate And What They Really Pay

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