Who’s not paying corporate taxes?
While the federal tax code calls for a 35 percent tax rate on corporations, many companies find ways to reduce their tax burden. In a study of corporate taxes of 280 companies, 30 of those paid less than zero in taxes in a three-year period from 2008 through 2010. Read related article.
Source: “Corporate Taxpayers & Corporate Tax Dodgers 2008-10,” a joint project of Citizens for Tax Justice and the Institute on Taxation and Economic Policy. The Washington Post.