Quote:
Originally Posted by mynameisjim
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.
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you're simply incorrect when you say "most companies"
GE was able to recoup huge losses from the years before from its financial arm against current gains and they also have a strong tax department. If they weren't forced to move offshore because of one of the worlds highest corp rates, they wouldn't be there along with all those jobs.
and this: "After all the loopholes, 2/3 of U.S corporations pay zero in taxes. " is an absolute lie. stop going to wherever it is you read that. its filling your head with falsehood.