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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (602023)2/28/2011 10:36:25 AM
From: Tenchusatsu  Read Replies (3) of 1576839
 
Al, > The Treasury Department estimates that various corporate tax breaks will cost the federal government more than $1.2 trillion over the next ten years (2008-2017), a period during which total corporate revenues are projected to equal $3.4 trillion.

So without those tax breaks, the federal government would be helping itself to 35% of total corporate revenues.

And that's in addition to all the other taxes corporations already have to pay, from regulatory fees to Social Security and now the ObamaCare taxes.

Either the numbers are wrong, or the corporate tax code is incredibly skewed. If it's the latter, well that's what happens when you have high tax rates. Gotta give tax breaks to those who have political influence.

Tenchusatsu
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