RATE Coalition Channels George Orwell’s ‘1984’ in Call for Lower Corporate Taxes

The claim that corporations pay the highest tax rate in the world is substantially off the mark. While the on-paper corporate tax rate is 35%, most companies pay much less than that. Citizens for Tax Justice CTJ found that 280 Fortune 500 companies paid in taxes about half the 35% from 2008 to 2010. During that time, 78 of the companies paid zero or less in taxes in a least one year; 30 of the companies paid an aggregate of zero or less during the entire period. In fact, of the 13 RATE Coalition members in the study, none of them paid a tax rate at or above 35%. The average corporate tax rate the 13 companies actually paid was only 16%.

via RATE Coalition Channels George Orwell’s ‘1984’ in Call for Lower Corporate Taxes.

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