auditor0007
Gold Member
Over Two-Thirds Of Corporations Pay No Federal Corporate Income Tax
Over Two-Thirds Of Corporations Pay No Federal Corporate Income Tax
I wonder where all that money is going. With actual tax rates that low, you would think every business in the world would be moving to the US, because they don't get away with not paying taxes throughout the rest of the world. And we wonder why revenue is down so much, lol. Everywhere we look, taxes have been cut to the lowest levels since before the Great Depression, and look what it has done to us.
At a time when the federal government is starved for cash -- and facing layoffs and cuts in services across the board -- more and more corporations are sidestepping their traditional tax rate and keeping millions of dollars for themselves.
The number of U.S. corporations structuring their businesses in such a way that they can avoid higher taxes has skyrocketed in the past quarter century, The Wall Street Journal reports.
In 1986, about 24 percent of corporations were what's known as nontaxable businesses -- meaning the companies themselves pay no federal income taxes -- instead passing on the earnings to individual investors to pay taxes on. By 2008, these businesses accounted for about 69 percent of all corporations, a designation that can save companies hundreds of millions of dollars in a single year
Over Two-Thirds Of Corporations Pay No Federal Corporate Income Tax
I wonder where all that money is going. With actual tax rates that low, you would think every business in the world would be moving to the US, because they don't get away with not paying taxes throughout the rest of the world. And we wonder why revenue is down so much, lol. Everywhere we look, taxes have been cut to the lowest levels since before the Great Depression, and look what it has done to us.