Wednesday, 13 April 2016

Many U.S. corporations pay little in federal income taxes: report

Many U.S. corporations pay little in federal income taxes: report

At least two-thirds of all active U.S. corporations paid nothing in federal income taxes during the 2006-12 period, despite an income-dependent statutory tax rate of 15 percent to 35 percent, the Government Accountability Office said in a recent report.
Read more: http://snapzu.com/JazzofAllTrades/many-us-corporations-pay-little-in-federal-income-taxes-report

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