Saturday, October 18, 2008

Study says most corporations pay no U.S. income taxes

Study says most corporations pay no U.S. income taxes | U.S. | Reuters

This is where Republican talking points go off the track. They will complain and complain about unfair taxes on corporations and the rich. They talk about the disincentives to business with high taxes. But, the reality is that our tax code is so complicated, and so filled with loopholes, that the rich, and corporations wind up paying much, much less than what their complaints would have you believe. And, as always, the little guy gets stuck with the bill.

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