[news] Most Companies In US Don't Pay Federal Income Taxes

[Mostly Water - "Canadian" and International alternative news feed]

WASHINGTON - Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress.

Combined, the companies had $2.5 trillion in sales. About 25 percent of the U.S. corporations not paying corporate taxes were considered large corporations, meaning they had at least $250 million in assets or $50 million in receipts.  


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    [1]: http://mostlywater.org/most_companies_in_us_avoid_federal_income_taxes

URL: http://mostlywater.org/most_companies_in_us_avoid_federal_income_taxes