Friday, December 2, 2011

REVEALED: The 30 American Companies That Paid Less Than $0 In Income Tax Over The Last 3 Years

REVEALED: The 30 American Companies That Paid Less Than $0 In Income Tax Over The Last 3 Years: "The corporate tax rate in the U.S. is 35%, but there aren't many companies that end up paying that amount. According to a study by the Citizens for Tax Justice and the Institute on Taxation and Economic Policy, the average tax rate of 280 S&P 500 companies investigated was 18.5% between 2008 and 2010.
Over 70 companies paid no taxes at all."

'via Blog this'

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