66% Of American Corporations Pay Zero Federal Income Tax.

Re:66% Of American Corporations Pay Zero Federal Income Tax. by numair on Monday April 20, 2009 @07:01AM (#570460)

What a bunch of sensationalistic crap. Tons of companies exist solely for organizational (as in, keeping things neat and orderly) purposes, and as pass-through entities into other companies. There's nothing shady or tax-evasive about this; it's just something you do.

If this were a statistic about the 1000 largest companies in America, it'd be alarming; when we are talking about all entities that are formed as corporations, it is completely meaningless. Interesting how a harmless GAO statistic can be spun in such a manner.

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Re:66% Of American Corporations Pay Zero Federal Income Tax. by yummyfajitas on Monday April 20, 2009 @09:38AM (#570647)

Don't forget about S-corps, LLC's and similar entities. All profits are treated as income (and taxed as such) by it's owners.

The article even makes a note of this, shortly before ignoring it.

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Re:66% Of American Corporations Pay Zero Federal Income Tax. by nazgulnarsil on Monday April 20, 2009 @08:46AM (#570569)

I'm always relieved to see "cooler heads prevail" commentary like this in response to inflammatory headlines. You saved me a headache.

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