"At a time when lawmakers are facing tough choices in a quest to slash the national debt, the Institute for Policy Studies, a left-leaning group, said it also found many of the companies spent more on lobbying than they did on taxes."
This is hardly amazing, given that a number of corporations have a tax rate which is near zero, at zero or below zero (they get a refund).
"At a time when lawmakers are facing tough choices in a quest to slash the national debt, the Institute for Policy Studies, a left-leaning group, said it also found many of the companies spent more on lobbying than they did on taxes."
This is hardly amazing, given that a number of corporations have a tax rate which is near zero, at zero or below zero (they get a refund).
See: Some U.S. firms paid more to CEOs than taxes: study
For all the screaming about tax "high marginal rates" the real issue is what companies actually pay to Uncle Sam. Effective tax rates are far lower.