Courtesy of Forbes magazine (which can't be accused of having anything close to a liberal bias) comes this report by Rick Ungar.
Short version: During the recent, worst economic crisis since the Great Depression, our largest corporations made $170 billion in profits, but paid no taxes.
Twelve of the Fortune 500 companies, he writes, actually paid negative 1.5% in taxes.
Please don't say the country is broke. Don't say we can't afford Social Security, Medicare or public education. It's just not true.
Tuesday, June 7, 2011
Our biggest companies, awash in profits, paid negative taxes
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