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GAO: Most U.S. Corps. Don't Pay Income Tax

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The Government Accountability Office is set to release a report that says most U.S. corporations pay no federal income taxes.

And most foreign companies that do business in the United States aren't paying corporate taxes.

The study says about two-thirds of American corporations paid zero income taxes to Uncle Sam between 1998 and 2005.

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{"commentId":2432764,"authorDomain":"janeway77"}

Just about any business analyst or economist will tell you that no business of any kind pays taxes-- they merely pass the expense on to the consumer in the form of higher prices for their products.

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  • 3 votes
Reply#1 - Tue Aug 12, 2008 12:08 PM EDT
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