August 16, 2017

Corporations pay between 13 and 19 percent in federal taxes—far less than the 35 percent statutory tax rate

Corporations pay between 13 and 19 percent in federal taxes—far less than the 35 percent statutory tax rate:

"The corporate tax code is riddled with loopholes, most notably the deferral loophole which allows large multinational corporations to avoid paying their taxes indefinitely on profits they make offshore. And despite some recent claims to the contrary, a recent CBO report doesn’t overturn, but rather bolsters the research showing that corporations pay less than a 35 percent tax rate."