HOT BLAST: A very flat tax of 0% for large corporations
Oct 25, 2013 | 1656 views |  0 comments | 30 30 recommendations | email to a friend | print
The exterior of the Internal Revenue Service building in Washington. (AP Photo/Susan Walsh, File)
The exterior of the Internal Revenue Service building in Washington. (AP Photo/Susan Walsh, File)
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Corporations are people, or so said Mitt Romney during the presidential election. Fort the record, a majority of Supreme Court justices agree.

And people pay taxes, right? So, our corporation/citizens must pay taxes, too.

Well ... not so much.

USA Today reports:

Despite widespread groans about the recent disclosure that Apple is finding ways to cut its federal tax bill, an analysis shows the computer giant is one of scores of corporations largely dodging the taxman.

A surprising number of companies in the Standard & Poor's 500, 57, have found ways to pay effective tax rates of zero, according to a USA TODAY analysis of data from S&P Capital IQ.

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