“Profitable Companies No Taxes: Here’s How They Did It”

The myth of the highest corporate tax rates

Monday Mar 13, 2017

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2:15 PM PDT

2017/03/13

·
14:15

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Profitable Companies No Taxes

Complaining that the United States has one of the world’s highest corporate tax levels, President Trump and congressional Republicans have repeatedly vowed to shrink it.

Yet if the level is so high, why have so many companies’ income tax bills added up to zero?

That’s what a new analysis of 258 profitable Fortune 500 companies that earned more than $3.8 trillion in profits showed.

The article dispels the myth that the US has the highest Corporate tax rates.   The lie that Republicans have sold their supporters on for years. Too many believe if we cut the corporate tax rates then jobs will follow. Tax payers paid for these corporate subsidies. 

This should be the topic in any tax cut debate and at all of the town halls. 

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