all that is solid melts into air, all that is holy is profaned

business / capitalism / corporate welfare / corporatism / taxes
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USA’s Deuxieme Ã‰tat

by mike · 2008-04-19

A 2004 U.S. Government Accountability Office (GAO) study found that 61% of American corporations, including 39% of large companies, paid no corporate income taxes between 1996 and 2000. Last year, corporations shouldered just 14.4% of the total U.S. tax burden, compared with about 50% in 1940.

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Tags: business capitalism corporate welfare corporatism taxes

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