Who pays?
As McCain repeats that "the US has the highest corporate taxes in the world" line to try and justify more deficit inducing tax breaks......
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Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress.....
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posted by mikevotes at
7:47 AM
2 Comments:
And yet running a business out of, say, Delaware, has its advantages. I know two companies who, after an extensive search (i.e. worldwide) found that this was the best place in the world to incorporate their companies. They don't even do business in the U.S.
Yeah, we need a corporate tax break.
By
Praguetwin, at 12:51 PM
Yeah. Delaware has established itself as a haven.
The tax code has been so corrupted by lobbying. Someone actually did the work a year or two ago and found that people making <$60K pay a higher percentage of income in taxes than those making $150,000.
By
mikevotes, at 1:19 PM
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