Quote:
Originally Posted by 12clicks
taxing corporations is one of mankind's dumbest inventions.
If we dropped the corp rate to zero, we would have prosperity the likes of which we've never seen before.
C'est la vie
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The tax is rate is less than zero for most companies already. G.E. paid zero in taxes and got over a billion dollars in subsidies. Bank of America got nearly 4 billion in subsidies and paid zero taxes.
After all the loopholes, 2/3 of U.S corporations pay zero in taxes.
So basically, YOUR tax money is used and given to those corporations.