15 Nov

Reuters – Study says most corporations pay no U.S. income taxes

The study showed about 28 percent of large foreign corporations, those with more than $250 million in assets, doing business in the United States paid no federal income taxes in 2005 despite $372 billion in gross receipts, the senators said. About 25 percent of the largest U.S. companies paid no federal income taxes in 2005 despite $1.1 trillion in gross sales that year, they said

via Reuters – Study says most corporations pay no U.S. income taxes. How about let’s start to fix the budget problems with taxes against those corporations Congress?

Leave a Reply

Your email address will not be published. Required fields are marked *