Corporations want you to believe the corporate tax rate is too high and needs to be lowered.
Republicans want you to believe the corporate tax rate is too high and needs to be lowered.
Both Corporations and Republicans and liars.
You can't pay less tax then $0.00.
Telling everyone you pay 35% when in reality you only pay 0% can't be hidden for that long. How much tax a publicly traded company pays is public information.
Their only hope is that you are too stupid to notice and truth and aren't really paying attention.
Nothing aggravates corporations and Republicans more than educated people. It really infuriates them
A surprising number of companies in the Standard & Poor's 500, 57, have found ways to pay effective tax rates of zero
The news comes months after after the
Government Accountability Office released a report showing that companies in 2010 reported an average effective tax rate of 12.6%, well below the 35% federal corporate tax rate.
Corporate giants such as telecom firm Verizon, drugmaker
Bristol-Myers Squibb and power management firm Eaton, all reported effective tax rates of 0% during the past 12 months.
The findings underscore that while many companies bellyache about the top federal income tax rate of 35%, in reality, many pay much less than that