Quote:
Originally Posted by nation-x
The problem with your math is that we only talking about 280 companies total in that report. The Bowles-Simpson report says that we give out $1.2 Trillion per year in tax subsidies to corporations.
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If you go look up BEA statistics, in 2009 aggregate corporate profits were a little over $5.2 trillion. Federal corporate income taxes collected that year were ~$254 billion. That's just over 5%, and just over the $1.2 trillion amount from the report.