Two-Thirds of US corporations don’t pay any federal income taxes, but why?

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Katrina vanden Heuvel
The Nation

The lunatics are running the asylum that is Congress

At a moment when nearly two-thirds of US corporations don’t pay any federal income taxes, and companies are sitting on trillions in cash while refusing to hire new workers, the only thing we hear when it comes to tax reform is that we need to cut the corporate tax rate.

You just can’t make this stuff up.

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Posted on April 4th 2011 in Accounting, Bookkeeping, Breaking News