A study by the US GAO gives us the fabulous news that two-thirds of US companies paid NO income taxes from 1995-2005, and about 68% of foreign companies doing business in the United States avoided corporate taxes during the same period.
Perhaps my parents raised me the wrong way, but I've always believed that with great power comes great responsibility. Corporations are keen to take full advantage of the liberties and protections this nation offers that provides them with a fertile environment in which to make obscene amounts of profit (which are not shared with the folks in the trenches, usually), but I'm gobsmacked when it comes to how they shirk their civic duty to help fund the very system that provides that environment. So I ask these thousand of companies - why do you hate America?
The report is scheduled to be posted today on the GAO website.
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