JQPublic1
Gold Member
- Aug 10, 2012
- 14,220
- 1,543
I posted the information once …go back and find it!But the biggest corporations showed huge profits and still paid little of no taxes.. And taxes are supposed to be paid on profits not losses.
Did they show a profit or are you just going by their gross income?
If a company makes a profit after deductions, then they do pay tax on that profit.
The effective tax rate is fine if you are on the lower end of it. But if you are on the upper end, then it doesn't make sense to keep your business in the US. And how many of those other countries have mounds and mounds of laws and regulations on businesses as we do here?