Tag: corporate welfare

August 17, 2008

Most US Companies Don’t Pay Federal Income Tax

Several story locations on this one: http://biz.yahoo.com/ap/080812/corporations_income_tax.html http://www.cqpolitics.com/wmspage.cfm?docID=news-000002937306&parm1=3&cpage=1 http://www.msnbc.msn.com/id/26145921/ Some collected tidbits from each of the stories: The study by the Government Accountability Office, expected to be released Tuesday, said two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, and about 68 percent of foreign companies doing business in the U.S. avoided corporate taxes over the same period. An outside tax […]