Sunday, August 24, 2008

Taxpayers making up for corporations shirking responsibilities

This is enough to make you vomit in your mouth. Yes, we are all having to pay more _individual_ taxes to make up for US corporations that use kickbacks and loopholes to avoid paying federal taxes. This should make the anti-tax people irate, especially since we live in a world where corporations are equivalent to individuals from a legal standpoint. How anyone can claim that they pay their fair share is beyond me.

Crooks and Liars » GAO Study: Most US corporations avoid income tax
The Government Accountability Office said 72 percent of all foreign corporations and about 57 percent of U.S. companies doing business in the United States paid no federal income taxes for at least one year between 1998 and 2005.

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